The weekly pioneer and Democrat., 1860-01-06

to accomplish important national objects con-
fded to US by the Constitution, but in taking
care that the money appropriated for these
purposes shall be faithfully and frugally ex-
pended.
1t will appear from the report of the Secre-
tary Of the Treasury, that it is extremely
doubtful, to say the least, whether we shall be
able to pass through the present and next fis-
cal year without providing additinal revenue
This can only be accomplished by strictly con.
ining the appropriations within the estimates
of the different departments, without making
an allowance for any additional expenditures
which Congress may think proper in their dis
creton, to authorize, and without providing
for the redemption of any portion of the $780,
600, 900 of Treasury notes which have been al.
ready issued. In the event of deficiency,
which 1 consider probable, this ought never to
be supplied by a resort to additional loans. 1t
would be ruinous in the day of peace and pros
perty to go on increasing the national debt to
meet the ordinary expenses of the government.
This policy would cripple our resources and
impair our credit in case the existence of war
should render it necessary to borrow money.
Should such deficiency occur as apprehend,
would recommend the necessary revenue to
be raised by an increase of our present duty
on imports. l need not repeat the opinions
expressed in my last annual message, as to the
best mode and manner of accomplishing this
object, and shall now merely observe that
these have since undergone no change.
THE TREASURY.
The report of the Secretary of the Treasury
will explain in detail the operations of that de.
partment Of ths government.
The receipts into the Treasury from all sour.
ces during the fiscal year ending June 80, 1859
including the loan authorized by the act of
l4th June, 1858, and the issues of treasury
notes authorized by existing laws, were $751;.
692, All OIL, which sum, with the balance Of
Sc, ,39S,3l6 10, remaining in the treasury at the
commencement of that fiscal year, made an
aggregate for the service of the year, of $685..
O,9O,7S7 IL.
The public expenditures during the fiscal
year ending 3Oth June, 1859, amounted to $685.
75l,5ll 81. Of this sum $l7, ,405 ,285 A, were
applied to the payment of interest on the pub.
lie debt, and the redemption of the issues of
treasury notes. The expenditures for all the
other branches of the public service during
that year were therefore $66.346, ,226 81.
The balance in the treasury on the first Of
July, 1859, being the commencement of the
present fiscal year, was $4,339,275 81.
The receipts into the treasury during the
first quarter of the present fiscal year. COM
mencing July l. 1859, were 20,6l8, 1865 80. Of
this amount So, ,82l 800 was received on account
of the loan and the issue of treasury notes.-the
amount of SIG, 6,797,5 ,566 IS having been received
during the quarter from the ordinary sources of
public revenue. The estimated receipts for the
remaining three quarters of the present fiscal
year to Both June, 1860, are $50, ,426, 400. Of
this amount it is estimated that S. 756, 400 will
be received for treasury notes. which may be
reissued under the fifth section of the act of the
Sd of March last, and 81, 1000 on account of
the loan authorized by the act of June IA, 1858
making $6, ,926, 400 from these extraordinary
sources, and $43 ,5000 900 from the ordinary
sources of the public revenue, making an ag
10 halo in fho froo IN q
lst of july 1885, of SIS 1884 SAL 80 for the esti-
mated means of the present fiscal year, ending
3Oth June, 1860.
The expenditures during the first quarter of
the present fiscal year were $4,000, liza rs;
$4,664 1866 76 of this sum was applied to the
payment of interest on the public debt, and the
remainder, being SIS, ,808 were applied to
ordinary expenses during the quarter. The
estimated expenditures during the remaining
three quarters, to June 30th, 1860, are SAC, 1885,,
55S %, Of which sum 50 ,SS6, ,62I "a are est-
mated for the interest of the public debt. The
ascertained and estimated expenditures for the
fiscal year ending 30th June, 1860, on account
of the public debt, are, accordingly $780,
99S 10; and for the ordinary expenditures of
the government $53, ,45l,744 SO, making an ag-
gregate of $6l, ,0O2, 1872 80; leaving an estimated
balance in the treasury, on the 3Oth of June,
1860, of $l4, ,38l ,S0S 40.
The estimated receipts during the next fiscal
year ending 3Oth June, 1861, are $66, ,225 900,
which, with the balance estimated as before
stated, as remaining in the treasury on the 30th
June, 1860, will make an aggregate for the SER
vice of the next fiscal year of $50 COG, ,SOS 40.
fiscal year ending 30th June. 1861, are $66, IA,
92s79. Of this amount, S., 1886 62l.34 will be
required to pay the interest on the public debt;
leaving the sum of $63, 320, As for the esti-
mated ordinary expenditures during the fiscal
year ending 3Oth June, 1861. Upon these esti-
,fo n hnIo ho loft in tho froa IN
the 3Oth June, 1861, of $l3, ,S9l ,S79.6l.
But this balance as we'll as that estimated to
remain in the treasury on the lst Of July, 1860,
will be reduced by such appropriations as shall
be made by law to carry into effect certain In
dian treaties during the present fiscal year, ask.
ed by the Secretary of the Interior, to the
amount of $539 $50, and upon the estimate of
the Postmaster General for the service of his
department the last fiscal year, ending 3Oth
June, 1857, amounting to 81 .296 900, together
with the further estimate OF that officer for
the service of the present fiscal year. ending
3Oth June, 1860, being IS .526 ,324. making an
aggregate of SIC, ,36l.6 .6S3.
Should these appropriations be made as re
quested by the proper departments, the bal
ance in the treasury on the 3Oth June, 1861,
will not, it is estimated, exceed $3.50, 1876, 81.
DEPARTMENT REPORTS.
transmit herewith the reports of the Secre-
taries of War, of the Navy, of the Interior. and
OF the Postmaster General They eOch con
tain valuable information and important recon-
mendations we'll worthy Of the serious consider
alton of Congress.
1t will appear from the report of the Secre.
tary of War that the army expenditures have
been materially reduced by system of rigid
economy, which, in his opinion. offers every
guarantee that the reduction will be perma
nent. The estimates of the Department for the
next year have been reduced nearly $4,000, 900
below the estimates cf the present fiscal year.
and $500. 900 below the amount granted for
this year at the last session of Congress.
Tae expenditures of the Post Office Depart
ment during the past fiscal year, ending on the
30th June, 1859. exclusive of payments tor mail
service specially provided for by Congress out
of the general treasury amounted to $l4 1884,,
493.33 and its receipts to 81, ,968, ,484O7 show
ing deficiency to be supplied from the treas
ury of Sc, ,996 0O9. .26. against $5.235 677 Is for
the year ending 3Oth June, 1858. The increas-
ed cost of transportation growing out of the
expansion of the service required by Congress
explains this rapid augmentation of the expend-
iture. 1t is gratifying however, to observe an
increase of receipts for the year ending on the
3Oth June, 1859, equal to $4Sl. .69l.2l. compared
with those in the year ending on the 30th June,
1858.
1t is estimated that the deficiency for the fis.
cal year will be S., ,98S, ,424 o. but that for the
wear ending Both June 1891 il will not exceed