Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1860-01-05

case sometimes, may afford them an
opportunity for reconsideration. At the
same time We ought never TO forget that
true public economy consists, not in
withholding the MEANS necessary to &C.
complish important national objects con
fded to us by the constitution, but in
taking care that the money appropriated
Tor these purposes shall be faithfully |
and rogally expended.
II Will appear from the report Of the
Secretary of the Treasury, that ir is
extremely doubtful, to say the least.
whether we shall be able to pass
through the present and the next fsc al
year without providing additional reve.
nue.. This can only be accomplished
by strictly confiuing the appropriations
within the estimates Of the different De.
partments. without making an allow
ance for any additional expenditures
which Congress may think proper, in
their discretion, to authorize, and with
out providing for the redemption of any
portion of the S2O,OOU,UO0 Of the rred.
sury notes which have been ALREADY
issued. In the events Of a deficiency,
which consider probable, this ought
never to be supplied by resort to ad.
ditional loans. 1t would be n ruinous
practice, in the days of peace and
prosperity to go on increasing the ha.
tional debt to meet the ordinary expen-
ses of ,hs Government. This policy
would cripple our resources and impair
our credit in case the existence of war
should render it necessary to borrow
money. Should such deficiency occur
as apprehend, | would recommend
that The necessary revenue be raised BY
an increase of our present duties on
imports need not repeat the opin.
ions expressed in my last annual mes.
sage as TO the best mode ard manner of
accomplishing this object, and shall now
merely observe that these have since
undergone no change
!, The repo,t of the Secretary OF The
Treasury will explain ia detail the
} operations Of tina, Department of the
Government.
+ The receipts intoithe treasury from
all sources during the fiscal year ending
. 3J,h June, 1859 including the lo,s au.
thorized BY the act OF l4th June 1858,
and the issues Of treasury nutes sa,ho.
} rised BY existing laws, were $8l,79a,.
, All ui, which sum with the balance Of
, $6,3e1,3ld 10 remaining IA ths trta
sury at the commencement Of that hrcal
1 year, made an aggregate for the service
4 OF the year OF $S9,OOJ,797 II.
I The public expenditures during the
h'eal year ending 3uis June, 1850 a.
' mounted to $8B,75l,5ll 81. OF this
Z l7,4o5,4s5 ~ were applied .s the pay
meat OF iatsrsst On the public debt and
e lhs redemption Of the issuss ot treasury
. notes. The expenditures for all other
banchss Of the public service during
sAat fiscal year were, therefore, 366,.
n 346,2!6 Is.
T. Ins bS.nse remaining in the treasury on tn,
h lot July, 1893, beiRs tho commencement Of the
: yrssslF hseai year, ws' si,3Sg,gI5 "a.
= The rsceipss iato the treasury during tho irsl
: Gnartr OIL The elessnt Isesl year, commencing 4
July LIST, 1859, wsre $SJ,5lSs6 S5. uf TIN,
amount 1881 .3v0 was received On ascsnst o
! ihs loan aad the i.sae VI trsisury Bslss--ths
omoant Vi SiG,Is7 ,5S6 81 haviog been received
during ths quarter FROM the srdinary soarcss o
public revenue. The sstimstsi rsosipts for tb .
remaining thrss-quartsrs Of thu present sscal
i year, TO Ise 30th June, l'tJ, ara $50, 0,421, 1000
OF this anoast IL Is s.iiSatsi that 81, ,I5i 400
VIII 10 received for tstsurJ n4;ss which may hr
rs-issued uLdsr he lift ssetOp OF las act OF 3i
A March last, ahd Sl,7J,DJs o. scssunt OF th .
loan auihor1ss by tLs act OF Juns t,h, lSjS-
IGakiHg S8,yZ6,lU9 rroa tss1s .xrnocdi nary
'"urcss OF The public crsy.nus-inaking an asgre-
gate, with the balance 10 ths treasury "a the lei
Jaly, 1859, Of $7s,Ss5.54l ~ for iks estimated
nsans OF the present fscal year, ending 3Oth
! Juus, 1859.
3 Ths expenditures during he f,rst quarter OF
the present tsoal year uetv 80 O0O7,l74 10. $4,-
COL sos 10 VI this sum we're applied w the pay
ment OF iatsls.t on the paUlic debt in the re.
dsinpion Of ths issues of treasury Lolss, and the
remainder, being Si5,34!,sUs, ware applied ts
ordinary expenditures durIng tae quarter. The
ss.lms'ed expenditures dnrny the rsn.inios
tsiss-qusrlsrs, 10 Juss 80, 1880, are SiV, ,Sy5,
'ss ~. OF which su,s, $2,ss6,S2i "a ars sstl
HGtsd for the interest os the Pasiio debt. The
ssoeItainsd snd estmatsi expenditures fer the
1 hscsiyesr ending 3Oih June, 1860, on account OF
the public debt. are accordingly, Si,55y ,ssS 10;
andlsr tbs ordinary .1passs. Of the Govern.
ne s53i45l,Ih 30, making M aggregate o.
/. s6i UO2.732 W; leaving an estimated balance ia
4 the treasury on the 3v.h June, 1850, OF Si4,3sl,
u sUs ~.
t The estimated receipts during the next asesl
| year, ending 30th June, 1851, sre 500, ,235,0es,
which, vita The balance estimated, ne ssivfs sta
ted, MS remaining in the treasury on the 3OIh
June, 1851, will make an aggregate for the GER.
= ~ w INV neAt Hsesi VI SoOsbVsioVh 7Us
The estimated expenditures during ih. mex,
hscal year ending Both June, 1891, are $6O,7li,
: a9S ". Or this amount S3,3s6,l l2l 81, will be
;. required TO rsy the interest on the public debt;
- leaving tho sun of S63, ,3O7 As, tor the es,i
y mated ordiaLry expenditures during tho hscal
= year ending 3Uih June, 1861. Upon tn,se ss,i-
$ mates balance will bs left In iho treasury ON
the 3Oth June, 1861, OF $l3,S9l.S79 6I.
But this balance, as we'll as that estimated to
D remain in the treasury on tho LIST July, 1860,
. will be reduced by such appropriations rs shall
be made by law TO carry inlo effect certain In
dian treaties during the present iscal year, ask
I cd for by the Secretary Of tho Interior, to the
amount OF s53s $50, and upon the estimates oi
tho Postmaster General Tor the services Of HI.
deparImeut the last fiscal year, ending June 30th,
lsoo, amounting TO SA,2s6,OO0, together with the
further sstnats OF that officer for the ssrvica al
, tho pressnt fssal year, ending June 3Oth, 1861,
eng $9,52S,S3A, making an sggrsgsts of $lO,-
r 36i ,bS3.
/ Should these appropriations bo made a. re-.
quosted by the proper departments, the balance
IN the treasury on the 30th June, 1861, will NOT
q. IL is estimated, exceed So, $50, l98 81.
9 transmit herewith tho reports OF tho Secre-
| N of .aNI ha al L.. a