Red Wing sentinel. [volume] (Red Wing, M.T. [i.e. Minn.]) 1855-1861, 1860-01-07

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ready issued. In the event Of deficiency
which l consider probable, this ought new
er to be supplied Nv . resort to additional
loans. 1t would be q ruinous practice in
the days Of peace and prosperity, to go on
increasing the national debt to meet the or
binary expenses Of the Government. That
policy would cripple our resources and i'm
pair our credit in case the existence of war
should render it necessary to borro money.
Il such deficiency occurs, as apprehend
would recommend that the necessary
revenue be raised BY an increase Of our pres
cnt duties on imports. l need not repeal
the opinions expressed in my, last annual
message as 70 the best mode and manner OF
accomplishing this object, and shall now
merely observe that these have since UNDER
gone no change. q
But this balance, as we'll as that cstimat-
ed TO remain in the treasury on the LIST Of
July, 1860, will be reduced by such ap.
as shall be made by law to car
ry INTO effect certain Indian treaties during
the present fiscal year, asked by the Secre-
tary of the Interior, to the amount Of five
hundred and thirty-nine thousand three
hundred and fifty dollars (539, $50, and upon
the estimates of the Postmaster general for
the service. Of his department of the last
fiscal year, ending 3Oth Of June, 1860, being
five million five hundred and twenty. six
Thousand three hundred and twenty-f four
dollars, (5,526 ,324,) making an aggregate
Of ten millions three hundred and sixty-one
thousand six hundred and eighty-t three dol,
lars( 10, 361 $685. Il
The public expenditures during the fiscal
year ending 30th If June, 1859, amounted
to eighty three million. seven hundred and
fifty-one thousand five hundred and eleven
dollars and ftty-seven $3.50, ISL, 511, 57).
OF this sum seventeen million four hundred
and five thousand two hundred and eighty
five dollars and forty. -four cents ($l7, 405.
285, AZ were applied to the payment Of in
terest upon the public debt and the redemp.
ton of the issue Of treasury notes. The
expenditures for all the other branches of
the public service during that fiscal year
were therefore sixty-six million three hun
dred and brty-six thousand two hundred
and twenty six dollars and thirteen cents
(66. SAG, 2z6.13.) i a:4 q So
The receipts into the treasury during the
first quarter of the present fiscal wear com.
mcncing July LIST 1858, were twenty-si,
million six hundred and eighteen thousand
eight hundred and sixty-five dollars and
eishty-ive cents ($26,618, 865,85.) OF this
amount three million eight hundred and
twenty-one thousand three hundred dollars
($3,82l, 1907 was received on account Of
the loan and the issu, of treasury notes
the amount of sixteen, million seven hun.
bred and ninety seven thousand FIVE hun.
dred and sixty five dollars and eighty five
cents ZIG, 797. 565, 85) having been received
during the quarter from the ordinary source
OF public revenue. The estimated receipts
for the remaining three quarters of the
present fiscal year to the Goth Of June, 1860
are fifty million four hundred and twenty.
thousand four hundred dollars($50, 400, 400.
OF this amount it is estimated that So
1885, o, will be received fortleasury note!
which may reissue under the fifth section
Of the act Of 3rd Of March last, and on,
million one hundred and seventy ,thQusant
dollars Q,17O00O) on account of the loa,
authorized by the act Of June 15,, 1862
making six million nine hundred and TWEEN
ty-six thousand four hundred dollars from
these extraordinary sources. and forty -thrc
million five hundred thousand dollars from
the ordinary sources Of the pnblic revenu
making an aggregate, with the balance il
the treasury on the LIST Of July. 1859, q
seventy five million three hundred an,
eighty -four thousand five hundred and fort
one dollars and eighty-nine cents for the es
timated means Of the present fiscal yea
ending Both, June, 1860. o t',,.-.. = -.
|. The expenditures during the first quartz
Of the present fiscal year were twenty mil
} lions seven thousand one hundred an
Seventy -four dollars and seventy-six cents
.l(S20,O07, 174,76.) Four million six'hundre
and sixty -four thousand three hundred an
sixty-six dollars and seventy six cents, ga,
1854, 366, 49, Of this sum were applied to tn
payment ofinterest on the public debt an
1 the redemption Of the issues or, Treasur
notes, and tile remainder, being fifteen mil
lion three hundred and fortv-two thousan,
eight hundred and eight dollars ($l5, 342
8o8.) were applied. 70 ordinary expense
during the quarter. The estimated expendi
lures during. the re manning three quarters
to June, 1860, are forty million nine hnnd
red and ninety-five THOUSAND five hundre
and fiftyleight dollars and twenty thre
I cents 995, 558, 23). Or which sur
} two million eight hundred & eiehty-sixthou
>, aud nj ,o1 Gnd .,na 3ollo ro -,