The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1860-12-06

-- : "a 600 900 u
vstiog the total Of asceTtained and
s.lIaaled meaLs for the service of
~ current fiscal wear, 1851 ..-... 81 34a 995 II
The .xreudlture of the first quarter
oItne current fiscal yeaT-that end
IN Septemker sUta, loj0-was -. l65i3.472 so
1,fa estimated expenditure from ap-
nr.rrIaflons heretofore made by
,sarteTs of the current fiscal year
is5i. according 10 the report OF the
fsslsJef.is -. 46,9ss 2s2 sc
81 abioh is stated among the means
a. .He fiscal year 1851, IS expressly
rr.4Ted 10 be applied TO the re-
g.-pt!un CI treasury notes the
amount OF those notes and interest
thereon, GeduotIns $4,000 re-
dsemod dartns the first quarter, 2O,6s.,6OO CO
Nssiaa the aA.reeats expenditure,
asosrts!g ed and estimated for the
cuusn! fiscal year Io6! -. si,lO3,lQ3 II
;ols 81 ascertained and estimated
means for tue service of the cur
rent hGcaI year 1861, rs beiure sta
ted, leaves = balance IN the treaSu
rs or July /, lS5l, beng the com
IueGCemsHt of the hScal year 90, of 245.S9l Sc
The foregoing statement assumes that the
whole sum enbra2ed in the estimated expen-
G..Ure for the remaining three-q quarters OF the
current fiscal year, Will be actually called for
WITHIN the year The amounts stated S46 g35-
q. =, does not include the entire balance OF
the appropriation heretofore made by law, but
such sums a. the respective depar tments have
indicated may probably be req uired Bat in
y
:ruu The treasury during any year have been
much less than the amounts estimated as re.
CURED within such year, according TO the char
a. -f Ot the appropriations and the exigpn-
cirs Jf the public service. 1t may be there
IRE, ialrly anticipated that should the opera
ayus Of tue g0yeaument proceed iii their ordI-
larry course, that At least four millions of dol
las more may be deducted from the estima ed
expenditure of the current fiscal year in
crsaslng the balance in the treasury on July
!. !-6l, 10 that extent.
ESTIMATES for !Ae FScd! Year from Juiy |. l96l,
10 Tune 80, 1862
Lsumsted receipts from customs . $50 COO coo OF
tsunIated receipts from public lands 900 600 On
Estimated receipts from mIsceIla-
IeuUs sources 600 On
Esthnated balance IN the Treasury --'''''V w
July /, 1861 6i.---..................... 245,S9l IS
Aggregate estimated means for the
hsesl year 1852 52........,........ S64 495 ,89l IS
mem, apPTopflai!oas ;,.',. S262s 1856 20
EsNmated expenditure from balance
,required 49,, .;--...:,,.. 1873 liz 80
eouiiye departments for appIoprIa-
lions by Congress-. .---......... 46.539.227 20
AFgregate estimated expenditure for
the fiscal year 1854. 6s,s63,725 IL
Slowing dehclt Of estimated means
for the service of the fiscal year
ending June 80, 1861, of of..-....-... 3,867 834 81
Ths suggestiors above made as to not draw
Ing from the Treasury during the year the
whole amount OF the appropriations author
Ihed by law, Will apply 10 the estimates. SO
that instead OF the above deficiency of S3, ,sG7, =
sli s. there Will probably remain in the
Treasury on the 1st July, I-62, balance OF
about s. UUO, GOO.
The correctness Of this estimate Of expendi-
tQrr for the present and next fiscal years may
le illustrated in another and similar form
4Ae entire expenditure CT the government tor
Tie fiscal year ending June 10, 1900 exclusive
u Tie redemption of treasury notes, which
are otherwise provided for, and the interest on
3. ia. -. Al Iat
sum was included Si,4iUUU9 % 10 meet q defi-
c,vncy in the Post-Otiice department, pro-
Cucrd by the failure of the pOst-oilice appro-
IFiatlon bill at the second session of the thirty
nth COngress-thereby causing this amount
10 be paid and charged in the expenditure OF
the fiscal year ending June 30, le65, though in
point OF fact the service was rendered and the
LabAity incurred IN the preceding year 1t
sagu!d be borne in mind that the sum OF S59,-
oi-i7A p included not only payments grow
iaS out OF such appropriations as had been
estimated for by the department, but all other
sums appropriated by Congress. Ihere IS ne
reason why the expenditure for the present or
lex. fiscal year should exceed that OF the last
Year. Allowing, however, margin tor an IN
crease II may be safely stated that the expen-
ses tJr The two years will not exceed S6OUUO,-
600 e1ch-makiug the amount 10 be provided
fgr el210yO 900 The estimated means of the
treasury for the same period are, for the pre-
heat fiscal year. sos 3ls 900 75 and for the year
ending June 30, 1859, SCI, ,250O0O, which would
leave All excess or estimated means over esti-
mated expenditure Of a. 5y5, ,9g6 -.
Ihe stlmats OF receipts into the treasury
have been made without reference TO the finaL-
ciaI and commercial panic, which has as
tuned 50 threatening an aspect within the
last iew days, and OF which / shall speak
more fully hereafter. The country was never
IL j more pros porous condition. Our plant
els and farmers have been blest, as general
fuIe, with abundant crops, and were realiZ-
!ug remuneratlye prices for all kinds Of pro-
uucis. The exports OF the last fiscal year had
reached the enormous sum of SiU0, I22 2st6, and
The imports for the same period We're S362-
ioa 81, yielding revenoe from customs of
81 is7, 7,5ll.-7. The xpOrts of domestic pro-
dnce for the present fiscal year, as far as they
have been received, indicate an increase fully
equal, # not greater, than that of preceding
years, thGs authorizing the estimate of in
creased revenue from that source. Apart
therefore, from the threatened EN- barrass-
Iaen's ia the trade and business of the coun-
Try, these estimates, both of expenditure and
Ittetpts, would be submitted 10 Congress with
great confidence that they would not vary
very far from the actual results.
It's lmposs BILE to anticipate the effects which
tAts threatened reyusion will produce upon
lhe business of the country. The absence OF
All The ordinary causes for such state OF
'uIEgs leaves 10 data upon which 10 make CAL
'ulaii0ns-all the elements OF prosperity are
~ e1istence-abundant crops with remunera-
ave prices money seeking safe investments,
auu, indeed, everything to Indicate more than
'ie usual Increase in trade and business. Inc
tauses which have SO suddenly arrested this
Hp 81 prosperity must be looked Tor OUTSIDE
VI u4e financial aud commercial operations OF
sHe country they are OF Il political character,
III therefore so dependent for their ultimate
sH7tt upon future developments that il Is i'm
pNHSInie, at present. TO say what Will be the ex-
gu OF their influence. Ii, some suppose
.Ty are merely temporary, and will soon pass
Gay tben there wIil he necessity for any
zion ot Congress, except 10 provide for the
euoaFlassInents already existing in conse-
ioeEce OF them. IL ON the other hand the ef-
- should prove more permanent, the fact
vi DC made manifest during the present Sea-
''H VI Congress, and in time for such action
@ s "iIl provide the necessary means to carry
W tue operations of the government and pre-
serve the public credit.
,hHeady has the treasury been seriously af-
etoo by these causes. The receipts from GUS
ths ior the last few days have greatly fallen
- ana the limited amount received 10 COM
rpse0 each day OF an increased proportion OF
s.e"Sery notes not yet due. The Indications
thal such WILL at least for the present,
~ NHhue TO be the case Lot only SO, but in
tN"equeuce Of the failure Of bidders for the
49," loan 10 comply with the terms of their
tu", portion OF the ordinary revenues has
zen Withdrawn from the ordinary sources OF
,po'olgure 10 meet the payment OF treasury
""'es past due, and the interest thereon. This
,naition Of things demands the immediate
'eEucn Of Congress, aud ia early action will
De required " eDabie the department 10 cnrry
"a "a Tue operations OF The government, and M
as same time preserve unimpaired the public
tEsd!t
1Ae permanent public debt on June 80 lsoo,