Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1860-01-04

Ian Se inspired alone by sense Of Corporate ana IN
dPivdual interest venture to assert that the ao,
ditional cost Of transporting troops, munitions OF
w4r, and the necessary supplies for the army across
III, vast intervening plainato possessions on the
Pak coast would Ue greater in such war than
the twhole amount required to construct the road
And vet this resort would, after all, be inadequate
for 1heir defence and protection
We have yet scarcely recovered from the habits
of extravagant expenditure, produced by our over
flowing Treasury, during several years prior to the
commencement Of my administration. The financial
revesses Which we have since experienced ought to
tea;hus al to scrutinize expenditures with the
greatest vigilance and to reduce them to the lowest
possislApo The Executive Departments of the
Goves,,hent have devoted themselves to the accom-
plishneaAof this object with considerable success,
= IN = pear from their different reports and
.To these ltinvte the scrutiny of Cons
rm-nose II reducing them still lower,
... consistent with the great pub
Y punry. In aid of the policy of
retrer,cuuren,t @lge myself to examine closely
the bills approMSkng lands or money, so that if
any of these sha inadvertently pass bot nses,
as must something Ne the case / may afford them
an opportunity ADMINISTRATION At the same
time we ought never to forget that true public
economy consists, MT Yin withholding the means
necessary to accomplish important national objects
confded to us by the CS0stitution, but in taking
care that the money appsOSated for these purposes
shall be faithfully and fr,@aNy expended
1t will appear from the reyvt Of the Secretary of
the Treasury that it is extreNely doubtful, to say
the least whether we shall M sble to pass through
the present and the rext fscalSear without pro-
yiding additional revenue. This On only be accom-
plished by strictly conining the APPROPRIATIONS with
in the estimates of the different DepEtments, with
out making an allowance for any aSStional expen-
dtures which Congress may think Adper, in their
discretion, to authorize, and without S.oyitHng for
the redemption of any portion of the sSSOOoOOO of
Treasury notes which have been already ssuea. In
the event of a deficiency, which cons,ierrrohble,
this ought never to be supplied by resort TO add
tiona loans. 1t would be ruinous pracfce irf
days of peace and prosperity to go on incFa
national debt.to meet the ordinary eXpenS
Government This policy would cripple ouA
ces and impair our credit in case the exists
war should render it necessary TO borrow n
Should such deficiency occur as | apprehl
would recommend that the necessary revenH
raised by an increase of our present duties on,
ports. | need not repeat the opinions expressed,
my last annual message as to the best mode an
manner of accomplishing this object, and shall NV
merely observe that these have since undergone II
change
The report of the Secretary d the Treasury wi
expainin detail the operations of that Departmel
of the Government
The receipts into the treasury from all source
during the fiscal year ending 30th June. 1859 IL
Guiding the loan authorized by the act of l4th Jun
! 1858. and the issues of treasury notes authorize
! by existing laws, were eight million six hui
2 / bod an, ninety-two thousand four hundred ar
seventy ne dollars and on. cent (sSl 500, All OF
e which s,m with the balance Of six million three hui
dred and mir thousand three hundred and s