Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1860-12-14
THE DEPARTMENT REPORTS.


count the overwhelming importance Of political affairs
but we make customary digest Of them, to show the
workings Of the government in the past year more fly
than il is shown Ia the presidents message.
Tnr rnrAsuuY.
A. ume when the treasury Ia effect insolvent. and
win our political and financial disturbances threatening
s l9t'hct embarrassment The report Of Secretary Cobb
looked To vain for cheering record o the past
the figures over, makes his calculations for the YEAR 10
come aud then plainly confcsses that all these cacua-
ls arc mere cues, WON and likely not 10 be realized,
go uncertain Is the issue ~ our politics Ofhs own mis-
management resulting in change from balance on
hand 10 public debit De has no word Of course and
gives no comparative figures. Indeed he would fain
cover his ipnomnious retreat from the treasury under h
cloud Of dust which the secession tlk has raised Aud hv
Inference autibuug the embarrassment of our 6n,,,
20 This cause, he predicts still further embarrassment 10
his successor No regret is experienced pretended a,
the threatened storm, and The chief and perhaps only
merit of the document Is that N raghiiorvardncss aud
h,,a"m rom ambiguity 90 can't
The fiscal years uf the government begin and end on
hr dlh OF juno Of each year The present report has
inc statement OF the year ending with last June and Is
required % present the estimates Tor the year
cnguext June, the year half being already pro-
vdcd for usual under the appropriations " the next
preceding session of Congress At the time when this
report commences July lsi 1859 there was balance in
he treasury of 81 3s92i5 Tho receipts Of the year,
gliding twenty six millions Of treasury notes and loans
",e r,GfulV'i. The dsoutsements including cigh-
teen millions ON the public debt S77 i6l l02, loav
ug chsh balance on hand with which 20 the
current year. oi -3h2Ot6 in other words the ordna-
rg,enue Of thc year rom customs sales of lands etc
w. - , o,'.i was lltle more IMAM sufficient no. meet
fas ~ t Nl,n',' "l 'l' Ro'eihn' NJ lTo''4Vz'
r,, grj b,ic ana. f , I'd, -"e lnl'oh'' pet
tt . M. i,,i' =" .t g 53 .S,pensos' halu n
f '',, q, /. n'' .'.ue,I II. w ,oo,e nHNies
e. ''l,.l ,i'l 5''lv 20 VIZ W. },', uclo5c
- ~ '' 1PpgP.'Al.'ns n'u lAlluu to pc naae
and there IRE outstanding TREASURY notes In addition no.
900 amount tri4e loss than glO OlO OOl Tbe Ser,ery
sl.ltsts that the ,.l,iuir , millions of Tho tyrs,ty
one million loan auhori,ea n, tbc l,s, ses ,, and
which ten millions have iust been BID IN be- converted in
Co. treasury notes Dim place of .tock and hat the ,s,
o issue these notes be allowed 10 reside aiv,ts vitb me
administration
90 he wear now nearly half zone the secretary say.
ho Income has been SIG ,r the frs. outrtcrfcnd
ing tobor lst and Tor thc three remaining quarters he
rtcl from revenue This would Win tho three millions
balance al Che lst Of July tl tol avail ble means
az fhr ,car $50 3isg1G .r7rt AM estimated expendi.
turr of SSH lO5 But fbr serretarv fessas the
utAncss of an estimate ~ fltv millions from nort. In
le balance Of the year since c manic has Arcade en-
off trade and promise. 10 cbert IL for many months IN
COMET and the only figures which are nearly reliable arc
those that relate o TREASURY note. aud loans. The nrn.
&c seems 90 be- that our rs,f h. to III lces and ,,r
dependence upou the market fr borrowed money rc,t
e., and with Tins ,ie fba ss.rf,,r, ,r,rss a. ~
lowed 90 be- placed 40 .,b s,,,rc. az b,n ,iy,, e
uaud the funds For thc y, W e,,,,,orl5n, ink, isei
and extending 20 1852 for which tfi- Csn,r l. ,,,ir
ed to make APPROXIMATIONS Mr. Cobb eslUs,.s RI a.,
SIS 0lINOO will be needed and making rough puess oi
'' ne regular income Will bee he cannot come With III
l'nf mliohs OF TINS amount. Indeed, ,hs nressnt
threatening stare Of affairs Dee agrees that no trusty cal-
cilit'h can 1e maze.
Goa; t is o.leI nlo' matters 20 INC repott concern