Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1860-01-05

ment and under its direct and exclusive
control. This would increase the patron
ase OF the Executive to a dangerous ex-
tent, and would foster q system of iobbnc
and corruption which no vigilance on the
part of federal officials could prevent
The construction of this road ought, there
fore, to be entrusted TO incorporated com
panles, or other agencies, who would exer-
else that active and vigilant supervision
over 1T which can be inspired alone by a
sense OF corporate and individual interest.
venture to assert that the additional cost
OF transporting troops, ammunitions of
war, and necessary supplies for the army
across the rast intervening plains to our
possessions on the Pacific Coast would be
greater in such a war than the whole a.
mount required to construct the road
And yet this resort would, after all, be in
adequate for their defence and protection.
RETRENCHMENT IN THE DEPARTMENTS
We have scarcely recovered from the
habits OF extravagant expenditure hrodu-
ced by our OVERLOOKING Treasury during
several years prior to the commencement
of my Administrations The financial re-
verses which we have since experienced
ought to teach us all to scrutinize our ex-
pcnditures with the greatest vigilance, anil
to reduce them to the lowest possible point.
Executive Departments of the Government
have devoted themselves to the accomplish
ment of this object with considerable sue
cess, as will appear from their different re-
ports and estimates. To these | invite the
scrutiny of Congress, for the purpose of
reducing them still lower, If this be prac-
ti,able. consistent with the great public
interests of the country. In aid of the pol
icy Of retrcnchment Pledge myself to ex-
anime closely the bills appropriating lands
or money, SO that if any of these should
inadvertently pass. both houses, as must
sometimes be the case, l may afford them
an opportunity of reconsideration. at the
same time we ought never to forget that
true public economy consists. not in with
holding the means necessary to accomplish
important national objects conf led to us
by the Constitution. bnt in taking care
that the money appropriated Cor these pur-
poses shall be faithfully and frugaIly ex-
pended.
ADDITIONAL REVENUE NEEDED.
1t will appear from the report of the
Secretary of the Treasury thatit is extreme
ly doubtful. to say the least, whether we
shall be able to pass through the present
and the next fiscal year without providing
additional revenue. This can only be ac-
complished by strictly combining the APP
preparations within the estimates of the
different departments without making an
allowance for any additional expen litures
which Congress may think proper, in their
discretion. to authorize, and without pro-
wiling for the redemption of any portion
of the $50, 100000 of Treasury notes
which will have been already issued. In
the event of deficiency, which 1 consider
probable, this onght never to be supplied
by resort to additional loans 1t would
be ruinous practice in the day of peace
and prosperity, to go on increasing the ma
tional 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. II such a
deficiency occurs as | apprehend, i would
recommend that the necessary revenue be
raised by an increase of our present duties
on imports. need not repeat the opin-
ions exp cssed in my last annual message
rs to the best mode AMI manner of accom-
I plishing this object, and shall now merely
observe that these have since undergone
/ no change.
/ Bat this balan e, as we'll as that cstima-
I tel to remain in the treasury on the 1st OF
July. 1860, will be reduced by such appro-
priations as shall be made by law to carry
! into effect certain Indian treaties during the
present fiscal year, asked by the Secretary
of the Interior, to the amount of $3.50, $50,
and upon the estimates of the Postmaster
General, for the service Of his department
the last fiscal year, ending 30th June, 1859,
amounting to 81 ,296, 900. together with
the further estimate of that officer for the
service of the present fiscal year. ending
30th June. 1860. S5.526, 324, making an
aggregate of $40. 361, 6S3.
The public expenditures during the ifs
cal year ending 30th June. 1889, amount
ell to SS3.751.5 11 81 cents. OF this sum
sl7. 405,2 S5 A cents were applied to the
payment of interest on the public debt and
the redemption of the issues of treasury
notes. The expenditures for all Other
branches of the public service during thai
fiscal year were Soc, 346, 226 Ii cents.
The balance remaining in the treasur,
on the 1st of July, 1859. being the com
menccment of tho present fiscal year, wa,
81, 339,275 81 cents.
TREASURY DEPARTMENT.
The receipts into the treasury during TIN
first quarter of the present fiscal year
commencing July LIST. 1859. were $50.
61S,S65 IS cents. OF this amount S3.
S21 300 was received on account of tn
loan and the issue of treasury notes-th
amount of SIG. 797, SOS So cents havin,
been received during the quarter from tn
ordinary sources of public revenue. TIL
estimated receipts for the remaining tire
quarters of the present fiscal year to 30t
June, 1860, are $50. 426. 400. OF this a
mount it is estimated that So. 755. 400 vii
be received for treasury notes, which ma
he rc-issued under the fifth section of til
act of 3 | March last, and 81. 10 900 o
account Of the loan authorized by .he &C
of June IA. 1S5S-making Sc, 926. 40
from these extraordinary sources, and S43
500 900 from the ordinary sources of I'll
-,