Wabash express. [volume] (Terre-Haute, Vigo Co[unty], Ind.) 1841-186?, 1860-01-04
Secretary Of the Treasury that it Is extreme

ly doubtful, 10 suy the least, whether we
shall &c able TO pass through the present
and the next fiscal year without providing 9
additional revenue. This eau only be nc. 4
complished by strictly confniD9 the APP .
propriations within the estimates OF the
different departments, without making an
allowance for any additional expenditures
which Congress may think proper. IN their
discretion, TO authorize, aud with out pro-
vidpg Tor the redemption Of any portion Of
the $40 900 900 OF Treasury notes which
been already issued.
Ia the event OF q deficiency, which con.
slider probable. this ought never to be sup
Piled by resort to additional loans. IL
would be ruinous practice IN the days OF
peace and prosperity TO 90 on increasing
the national debt 10 meet tho ordinary ex-
penses Of the Government. This policy /
would cripple our resources and impair our |
credit In case the existence OF war should /
render IL necessary TO borrow money.
Should such deficiency occur as / APP |
prehend, would recommend that the nee.
essary revenue be raised by an increase OF
our present duties on imports. j need not
repeat the opinions expressed in my last
annual message as 10 the best mode and
manner Of accomplishing this object. and
shall now merely observe that. these have
since undergone no change.
The report Of the Secretary Of the Treas
ury will explain in detail the operations
Of that Department Of the Government.
The receipts into the treasury from all
sources during the fiscal year ending 30th
june, 1889, including the loan authorized
by the act OF 18th June. 1858, and the IL
sues Of treasury notes authorized by exist
ing laws. were S6i 500 27l OF which SUN
with the balance Of $6.39e.3l6 10
remaining in the treasury at the
commencement Of that fiscal year,
made AN aggregate for the service Of the
year Of SIS. 090.7e IL.
The public expenditures during the 6s-
cal year ending 30th June, 1859, amounted
to $e1 ISL, 5il 81 OF this sum ST.
405, 205 A were applied to the pay
ment 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 that
6scsl year. were, therefore, $66, 346 ,226-
-.
The balance remaining in the treasury
ON the LIST Of July, 1859, being the com
rnencement of the present fiscal year. was
1895, 275 81.
The receipts into the treasury Ju-
ring the first quarter of the present
fiscal year, commencing July LIST, 1859,
were twenty million six hundred and
eighteen thousand eight hundred and
siYty-fve dollars and eighty-five cents
(s2O,6l8,865 $50 OF this amount
three million eight hundred and TWEEN.
ty.one thousand three hundred dollars
(s3,821, 800 twas received on sccoun,
Of the loan ynd the issue of treasury
notes.-the amount Of sixteen million
seven hundred and ninety sever
thousand five hundred and sixty five
dollars and eighty five cents, (sl6,7
1855 g. having been received du
ring the quarter from the ordinary
sources Of public revenue. The esti
mated receipts for the remaining tire,
quarters Of the present fiscal year Il
30th June, 1890, are $50, 426, 40,
dollars. Of this amount il is estimat
ed that $3.50, 400 dollars will be re
ceived for treasury notes which ma,
be re-issued under the 9Th section o
the act Of Sd March last. and S1,170
600 dollars on eccount Of the loan au
thorized by the act Of June II, 1855
making 50 ,926. 400 dollars from thes
extraordinary sources, and Sac 500,
900 dollars from the ordinary soerce
Of the public Notwithstanding an az
gregate, with the balance in the treas
ury On the LIST July, 1859, Of 1884,
Sal 90 for the estimated means Of tn
present fiscal year ending 30th June
1860.
rhe expenditures during the frs
quarter Of the present fiscal year wer
90,0o7. LA 76. 4,664.366,76 of thi
snm were applied to the payment o
interest on the public debt and the re
demption Of the isoues Of treasur,
notes. and the remainder being 1853
90. eo8, were applied to ordinary ex
penditures during the quarter. Tn
estimated expenditures during the re
naming three quarters, to June 80
1860, are 40,995,558 %. Of which
sum 1886. 62l "a are estimated for tn
interest on the public debt. The as
certsined and estimated expenditure
COR the fiscal year ending 30th June
1860, on account Of the public debt, ar
accordingly, 7,550,988 10, and for tn
ordinary expenditures of the Govern
MT 81, 451, 744 80, making an aggre
gaze of 81, OO2, 732 80; leaving an es
timated balance in the treasury on tn
3Jth June, 1860, of IA, 1891, 1903 40.
The estimated receipts during tn,
next fiscal year ending 30th June, 1876
are sc, 225,OOO, which with the bal
ance estimated, as before stated, as re
naming in the treasury on the sod
June, 1860, will make an aggregat
Ear the service of the next fiscal yea
Of 3J,606, 808 40.
the estimated expenditures durin!
the next fiscal year ending 30th June
1861, are 66,714,998 10. OF thi
amount, 3,38O,62l "a will be require,
Ia pay the interest on the pnblic debt
l-a,ing the sum of 60, 328, 3O7 IS 70
the estimated ordinary expenditure
iuriog the fiscal year ending 3Otl
June, 1861 Upon these estimates
balance will be left in the Treasury o.
on rhe 3Oth June. 1861, of 1891 8
70 81.
But this balance, as well as that es
tim sted to remain in the treasury Oh
The LIST July 1860 will be reduced b,
such appropriations as shall be mad
by law to carry into effect certain
Indian treaties during the present fsca
year asked for by the Secretary ofth
Interior, to the amount of FIVE hundret
an thirty-nine thousand three hun
bred and fifty dollars (S539, $50, ant
upon the estimates of the Postmaste
General for the service of his Depart
ment the last fiscal year, ending 3OtI
.une, 1859, amounting to four million
Two hundred and ninety-six thousant
and nine dollars, (s4,296, OO9, to
gather with the further estimate o
hat officer for the service of the pre-