Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1860-01-06

Ing additional revenue. This can Only - acc ON
plishsd by strictly combining the appropriat OF
within the estimates Of the different department.
without making an allowance for keny additional 81
pcnditures which Congress naY think proper. j.
their discretion, to authorize, ana without provii
ing for the redemption of any portion Vt the $40.
0eO,0 900 of Treasury notes which viii have -bs~l
already issued. In the event Of deficiency, which
consider probable, this ought never to be supplied
by resort TO additional loans. II would be ruin
Gus practice, in the day of peace aad prosperity,
60 Increasing the national debt TO meet the ordi
nary expenses Of the government. This polio!
would cripple our resources and impair our crsdi
in the existence of war should render it mecca
cary to borrow money. If such deficiency occur,
~ apprehsnd, would recommend that the neces
sary revenue be raised by an increase Of our pres
snt duties on imports l need not repeat thu
opinions expressed in my last annual message as Il
the best mode and manner Of accomplishing thi,
object, and shall now merely observe that thsst
have since undergone no change. ,.,,-.
The report Of the Secretary Of the Treasury viii
plain in detail the operations Of that department Of
Tho receipts into the treasury from all sources
during tine FISCAL year ending 3Oth june 1852 incad
ing the loan authorized by tho act of Ah June, 1885,
and the issues Of treasury notes BY existing
laws, were eighty -one million six hundred and ninety
two thousand four hundred and 'seventyo dollars
ana cent l692, AL 0l. which sum, with the
balance OF ak millions three hundred and ninety
eight thousand three hundred and sixteen dollars and
ten csnts 316 10y remaining ID the treasury Ut
the commenosment of that fiscal year. made an aggre-
ninety thousand hundred and eighty seven dol
lars and eleven cents (S8sO9O,7S1 ~
Tne Public expenditures during the fiscal year end
Ing Soth June, 1859, amounted to million
hundred and fftyone thousand tive hundred and
eleven dollars aud atty cents 1858 5t1 or
OF this SUM seventeen million four hundred and hve
thousand two hundred and eighyve dollars and for
y-four cents CS7 2S5 ~ were applied to the pay
msns Of interest thepubc debt sndthe redemption
of tho ssues OF treasury notes. The expenditures for
all tho other branches Of the public service during that
fiscal year therefore sixty six million three hum
dred and forty.six thousand hundred and twenty
six doilars and thirteen cents l$6s, Sss,2Ss -.
The balance remaining in the treasury tho ist July,
1859, being the commencement Of the present fiscal
year. four million three hundred and thirty nine
thousand two hundred and seventy live dollars and
ffsy -four cents (SI,3S9.21o 54l. .-..- -.
The receipts into tho treasury during the INIT quar-
ter OF the present fiscal year. commencing July LIST,
1859, twenty million six hundred and eighteen
thousand eight hundred aud sixty five dollars and
eighty live cents go ss. Ofthis amount three
million eight hundred and twenty thousand three
hundred dollars $S s21 500 was received on account
Of the loan and ths issue OF treasury notes.-the amount
Of sixteen million seen hundred aud ninety
thousand i've hundred and sixty Ave dollars aud egh
ty.ve cents 56o S5} having been received du
ring the quarter from tae ordinary of public
revenue The estimated receipts for tho remaining
three quarters OF tho fiscal year to 3Oth june
1S60, ffty million four hundred and twenty six
thousand four hundred dollars 600 A26 40O OF this
it il estimated that i've million seven hundred
and fty-six thousand four hundred dollars $780,
4o will be received for Treasury notes which be
ressued under the fifth section Of the act of ID Mch
last, one million hundred and seventy thous.
and dollars ISL 00O cunt Of the loan author
lied by the of june IA, fascinating six million
nine hundred and twenty-six thousand four hundred
d.iiars $50 9 4OO) from these extraordinary sources
and forty three million five hundred thousand dollars
(43 0OOO from the ordinary sources OF the public
the treasury vu LIST July 1850 of mil
lion three hundred and eighty -four thousand five hun
dred and fortyons dollars aud eighty mine cents s15
3S4 Sal S9 for the estimated means Of the present is
cal year, ending 3Oth june, 1850. --
The expenditures during the FIRST quarter of the
present fiscal year twenty million seven thousand
cents (2J,O07, ia 66 -Four million six hundred and
sixty-four thousand three hundred and sixtysix dol
lars and seventy six cents "a 664 1865 76 Of this
were applied to the payment of interest the public
debt anu redemption OF the issues oftreasury notes.
aud the remainder being fifteen million three hundred
and forty-two thousand eight hundred and eight dol.
lars were applied TO ordinary expenses
during the quarter. The estimated expenditures du-
ring the remaining to June 3O 1862
are forty million nine hundred and ninety five thous-
and vs hundred and eight dollars aud twenty.
three cents $40 995 55S 23). OF which two mil
lion eight hundred and eghty-six thousand six hun
dred and twenty one dollars and twenty-four ceuts
62 ~ are estimated for the interest of the
for the fiscal year ending 3Oth June, 1850,
count Of the public debt accordingly, seven mil
lion i've hundred and fifty thousand nine hundred and
eighty dollars and ten cents $50 9S6 1O aud
for the ordinary expenditures of the government fifty
three million four hundred and fifty thousand
hundred and forty -four dollars and eighty cts
(53 IA S9) making aggregate Of sixtyone mil
lion two thousand seven hundred and thirty-two dol
lars and ninety mine cents Isl 99) leaving
estimated balance in the treasury on the 3oh Of June
1850 of fourteen million three hundred aud eighty
thousand eight hundred and eight dollars and forty
cents (l4,38l, sos 4O).
The estimated receipts during the next fiscal year
ending Soth June 1861, xtysix million, two hun.
dred and twenty-five thousand dollars (66,2l5, 0OO)
which, with the balance, estimated bsfore stated,
remaining in the Treasury on the 3Oth June, 1850, will
aggregate for the service Of the fiscal
ofeighty Million six hundred and six thousand eight
hundred aud eight dollars and forty cents,
s0S 4G)
The estimated expenditures during tho next fiscal
year ending 30th June, 1851 are sxty-six million,
seven hundred and fourteen thousand nine hundred
and twenty eight dollars and seventy nine CENTS C6
7l4923 79.) Of this amount, three million, three
hundred aud eighty-six thousand, six hundred and
twenty dollars and thirty -four CENTS ,621
81 will be required to pay the interest on the public
DEBT; leaving the sum OF sixty three million
three hundred and twenty eight thousand three
hundred aud seven dollars and forty-fivs cents,
1868 327 3U7 AZ for the estimated ordinary expendi
lures during the fiscal year endn5 30th June lS61-
Upon these estimates balance will be left in the
Treasury on the Both Jane 1861 Of thirteen million
eight hundred and ninety thousand eight hundred
and seventy nine dollars sixty 'one cents
S79 6l) -s.
in the treasury the LIST of July 1862 will be reduced
nv into effect certain Indian treaties during tho pres
emit fiscal year. asked by tho Secretary of the INTERIOR
to tho amount of five hundred and thirty-nine thou
sand three hundred and fifty dollars 350) and up
IN the estimates of tho Postmaster General for the
services of his department, for the last fiscal year,
ling Beth June, 1852 amounting to four millions two
hundred and ninety six thousand and nine dollars,
s. OO together with the further estimate of that
cer the service of the present fiscal year, ending
9th eff June 1867 being Ave million five hundred and
wcnty.six thousand three hundred and twenty -four
ali S6.ilI6 III.
On three huudrsd and Thousand six hundred
nd eighty three dollars, (S1c, s61 $3.50 ...4..
Should these appropriations lie made as requested by
he proper departments the balance in the treasury
N the Goth June 1851 will i estimated, exceed
hree million five hundred and thirty thousand one
hundred and ninetys dollars and sixty-one cents,
transmit herewith the reports of the Secretaries Of
War; Of the Navy of the Interior and Of the Postmas
Ter General They each contain valuable Information
,ad important recommendations we'll worthy of the
serious confederation of Congress. GELS -ls ~
1t will appear from the report of the Secretary Of
war that thr army expenditures have been materially
reduced by system Of rigid economy, which, in his
opinion, offers every that the reduction will
be permanent. The, estimates OF the Department for
he year have been reduced nearly Two millions
OF dollars b.low the estimates for the present fiscal
year, aud half million Of dollars below the amount
for this ut the last session OF Congress-
The expenditure OF the Post Office Department dur
ing the past fiscal year. ending on the 3Oth June 1882
exclusive of payments for mail service specially p:Ov
ded for by Congress out OF tho general treasury,
amounted to S1496f 1913 49, and its receipts
o.; showing deficiency to besuppiied from the
ury Of IS s960O9 2 aganst S. Is for tho year
eudir seth Junes The increased cost of trans-
poraton growing out of the expansion the service
required by Congress plains this rapid augmcntais
of the expenditure. 1t is gratifying, however, OBJ
an receipts for the year ending the
SOth june 1852 equal to SOL q, compared with
those in the year ending on 8oth June, 1858.
1t 10 estimated that tho deficiency for the current rs
cal year will be o. but that for the year on
ding 30th June, 1861, 1t will not exceed 478 90
shond Congress- adopt the measures Of reform
and urged by the Postmaster General. Since the
month Of March, haue been made in the
expenditures amounting to 81 annually, which,
however not take effect until after the commence
msut of the present fiscal year. Pho period seems to
have arrived for determining the question whether
this Department shall become permanent aud ever
Increasing charge upon the Treasury, shall be pei
m tilted to the sustaining policy which had
70 long controlled its administration The course of
legislation recommended by the Postmaster General for
The relief Of the Department from its present embar.
aud for restoring to s original indcpend
enee s deserving Of our carly aud consi era.
ton. t5 a4tt.
In concluisou, would again commend to the just
Of Congress the local interests the District
Of Columbia. Surely, the city bearing the name Of
Washington and destined, trust for ages to be the
capital united free and prosperous