Sioux City register. [volume] (Sioux City, Iowa) 1858-1871, 1860-01-14

considerable success, - will appear from
their different reports and sstimAsss To
,hsss invite The scrutiny Of Congress, for
the purpose of reducing them still lower,
II his b practicable, consis,sns with tAs
greet public interests Of the country. In
cid d the policy Of rssrenehmens pledge
myself 10 examine closely the bills appro.
Priasing lands or nossy, % that If any Of
tAeee shoslA Inadvertently pass both hoa.
sss, - must sometimes be the case, msy
s6ord them N opportunity for reconsider
alton. Al the same time " ought never
to forget that true public economy consists,
not IN withholding the means necessary 10
accomplish important national objects con-
6dsd 70 10 by the Constitution, but in ia
king care that the money appropriated for
these purposes shsll be faithfully and fru-
gally expended.
Il will appear froa shs report Of the
Secretary Of the Treasury that il 10 ex-
.rsmeiy doubtful. to say The least, whether
W shall b. able to pass through the pres.
eat and the next fiscal year without provi.
ding additional revenue. This can ouly
b accomplished BY strictly con6ning the
appropriations within the estimates Of the
different Department., without making A.
allowance for any additional expenditures
which Congress may think proper. in their
discretion, to authorize, and without pro.
viding for the redemption Of any portion
Of the sc, 000. 900 Of Treasury notes which
have been already issued. In the event
Of deficiency, which consider probable,
this ought never TO be supplied BY resor.
to additional loans. II would be ruinous
practice in the days Of peace and prosper.
ity to 20 on increasing the national dobt
to meet the ordinary expenses Of the Gov.
srnment This policy would cripple our
resources and impair our credit in case
the existence Of war should render It no
cessary to borrow money. Should such a
deficiency occur As apprehend. l would
recommend that the necessary revenue be
raised BY an increase Of our present duties
on imports. need not repeat the opin-
ions expressed in my last message as to
the best mode and manner Of accomplish
ing this object, and shall now merely OBJ
serve that these have since undergone no
change.
The report Of the Secretary Of the Tres.
sury will explain in detail the operations
Of that Department Of the Governments.
The receipts into the treasury from al
sources during the fiscal year ending 30th
June, 1859, including the loan Authorized
by the act Of l4th June, 1858, and the is
sues Of treasury notes authorized by exist
ing laws, we're $Sl,692,47l OIL, which sum
with the balance Of $6,39S,3l6 10 remain
ing in the treasury Al the commencement
Of that fiscal year, made an aggregate for
the service of the year Of $ss, O90. 1877 II.
The public expenditures during the fs-
cal year ending 30th June, 1859, amount.
ed to $s3,75i,5ll So or this sum ST.
4O5. 2s5 Al we're applied to the payment Of
interest on the public debt and the redemp'
ton Of the issues Of treasury notes. The
expenditures for all other branches Of the
public service during that fiscal year were
therefore SOC, 356.22G l3.
The balance remaining in the treasury
on the lot July, 1859, being the commence
ment Of the present fiscal year, was $4.-
339.275 81. :
The receipts into the treasury during the
6rst quarter Of the present fiscal year, com
mencing July LIST, 1859, were $2O,6ls,s 1895
IS. OF this amonnt S3,s2l, 300 was re-
ceived on account of the loan and the issue
oftreasury note,-the amount Of $l6.797..
565 85 having been received during the
quarter from the ordinary sources Of pub
lie revenue. The estimated receipts for
the remaining three quarters Of the pres
ent fiscal year to 3Oth June, 1860, are
$50,426, 400. OF this amount it is cstima
ted that 1876, 400 will be received for
treasury notes which may be reissued un.
der the fifth section of the act OF Sd March
last. and 81, l1O,000 on account Of the loan
authorized BY the act Of June IA, 1855
making Sc 926, 400 from these extraordi-
nary sources, and $43.50O 900 from the
ordinary sources Of the public revenue
making an aggregate, with the balance in
the Treasury on the lst July, 1859, Of
$75,3s4.54l SO, for the estimated means
Of the present fiscal year ending 3Osh June,
1860.
The expenditures during the first quarter
Of the present fiscal year were $2O.007,-
la IS 81 664,366 &c, Of this sum was
applied to the payment Of interests on the
public debt and the redsmpt ion Of the is
sues Of Treasury notes and the remainder,
being Sl5,342, sos, was applied to ordinary
expenditures Of the quarter. The esti-
mated expenditures during the remaining
three quarters, to June Both, 1860, are
$l0,995,55s %. or which sum $2,SS6,
62l 81 are estimated for the interest on
the public debt. The ascertained and es-
,imated expenditures for the fiscal year
ending 30sh June, 1860. on account Of the
public debt, are, according, $7,559,9sS 10,
and for the ordinary expenditures Of the
Government $53,45i,744 SO, making an
aggregate Of SOL .002,732 IS, leaving an
estimated balance in the Treasury on the
30th June, 1889, Of 81 4,3sl. sos 40.
The estimated receipts during the next
fiscal year ending 30th June, 1851, are
$66, 225,O00, with the balance estimated,
as before stated Is remaining in the
Treasury. June 3Oth, 1850, will make an
aggregate for the service of the next fiscal
year Of SsO, 606,s 40.
The estimated expenditures during the
next fiscal year ending 3Oth June, 1861,
are $66,7l4.92S ~. Of this amount, %,
3s6.62l "a will be required TO pay the in.
terest on the public debt, leaving the SUN
Of $62.32s,3O7 As, for the estimated ordi-
nary expenses during the fiscal year end.
ing 3oth June, 1861, Of $i3,s9l.s 79 81.
But this balance, a. we'll A. that esti-
mated to remain in Treasury on the lat
July. 1860, will be reduced BY such ap.
preparations - shall be made BY law TO
carry into effect certain Indian treaties
during the present fiscal year, asked for
BY he Secretary Of the Interior to the
amount Of $539.350. and upon the es.i-
mates Of the Postmaster General for the
service Of bis Department the las: fiscal
year. ending 3Oth June, 1889, amounting
TO $4,29s, 0O9, together with the further 20.
timats Of that officer for the service Of the
prsssn, fiscal year, ending June 30th, 1860,
being $5.526,324, making IN aggregate Of