Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1860-01-06
WHOLE NO. PITT.


repeat the opinion contained in my last annual Mes
age ,hat u would be inezpedcnt for the Government
70 undertake this grea. work by agents Of its APP
ms would increase the patronage Of the Executive to
dangerous extent and would foster system Of jobbng
eral officials could prevent The construction Of this
road ought therefore, 20 be entrusted incorporated
companies, other agencies who would exercise that
ygiiant supervision which be inspired alone
by sense II corporate and individual interest
,re 70 assert that the additional cost Of transporting
.1ps, munitions Of and necessary supplies for the
any -crnss the vast intervening plains TO possess
% on SO Pacific coast would be greater in such
Am AM tne whsle smount required 10 construct the road.
& nS yet ths re,rt would after ALL be inadequate for
| w, w. ue.ehee S ana matection.
we have yet scarcely recovered from the habits Of ex-
Tpc,ss esPeno,.ure' Produced by overaowng
ton. The financial reverses whioh ". bave since eS
peenced ought to teach us all to scrutuze our expen-
dures with the greatest vigilance and 10 reduce hem 10
the lowest possible point. The Executive Donartments
% the Government have devoted themselves % The ae-
eomphshmen of this object with considerable success as
will appear om their different reports and estimates-
10 these invite the scrutiny Of Congress- for the pur-
pose OF reducing them stl lower, this be practicable
consistent with the great public interests Of the country
In aid Of the policy q retrenchment, pledge myself
20 examine closely the bills appropratng lands money
50 that II any Of these should inadvertently pass both
Houses, as must sometimes be the case, may afford
them opportunity for reconsideration AT The same
time ought forget that true public economy
consists, not IN withholding the necessary
compsh important national objects confded TO M by the
Constitution, but in taking that the monoy appro-
phated far these purposes shall be faithfully and fugay
It will appear from the report Of the Secretary Of the
Treasury that il is extremely doubtful, say the least
whether shall be able pass through the present and
the next fiscal year without providing additional revenue
This can only be accomplished by strictly oonfning the
appropriation. within the estimates Of the different de-
pnrtments without making an allowance for anv addi
iiona expenditures which Congress may think proper
In her discretion, to auhorze. and without providing
Treasury notes which have 6,. already issued In be
event of deficiency, which I consider probable, this
ought never be supplied by to additional loans
IL would De rnin0us practice in the day Of peace and
prosperity 70 increasing the national debt to meet
the ordnrry expenses Of the government This pohcs
would cripple resources and impair credit in cas-
the existence of should render it necessary borrow
money, Should such deficiency as apprehend
would recommend the necessary revenue TO be raise5
By an increase OF present duties on imports. nee
not repeat the opinions expressed in my last annual
sage as to the best mode and manner Of accompishin
this object and shall merely observe that these have
since undergone no change
The report uf the Secretary Of the Treasury will ex
plain IN detail the operations Of that department Of hc
h government
The receipts into the Treasury from all sources, du,
ing the fiscal year ending 30th June 1889 including
loan authorized by the act Of IAN June, 1885, and III
issue Of Treasury notes authorized by existing laws
eghtyone million six hundred and nney-two thousai3
i9Ir mind ed a@a -eveniyons dollars and 1881
: IS2 81 Vl), which sum, with the balance Of six miio
three hundred and ninety thousand three hundrt
and sixteen dollars and ten $50 30s 3l6 lO remain
ing IN the treasury at the commencement Of that hsc
year made an aggregate for the service Of the year
y eghty-eigh' million ninety thousand hundred and
. eightyseyen dollars and eleven cents (sSs 7 IL.
e ne public expenditures during the fiscal wear endne
IS Both June 1859, amounted to eighty millions seve
/ hundred and hyOne thousand FIVE hundred and eley
s. dollars and ffyseven 1888 75l 5ll 81 or III
sum- millions four hundred and Eve thousanl
hundred and eghtyfve dollars and fortyfour cent
l. Sl74052 2S5 Az applied the payment Of inere
the public debt and the redemption n the issues
treasury notes The expenditures for ali the other
branches OF the public service during the fiscal
therefore sxtysix millions three hundred and fory-sx
thousand two hundred and tweniysix dollars and thirteen
The balance remaining in the treasury on the Is, July
1853 being the commencement Of the present fiscal
year, four million three hundred and thrtynine
thousand two hundred and seventyye dollars and hy-
$ four cents (si.339,275 54)
th,,
Of the present fiscal year, commencing July /, 1889
n twenty million six hundred and eighteen thousand
eight hundred and sxyfve dollars and eghyfve cents
(S206l8.S65 S5l. or this amount three million eight
hundred and twentyone thousand three hundred dollars
300 received Of the loan and the
y issue OF treasury notes.-the amount Of sixteen million
Is seven hundred and nne-seyen thousand hye hundred
and sixyfvedoar and eighty Ave cents( SIG sos S5)
having been received during the quarter from the ordinary
sources Of public revenue The estimated receipts for the
solh june 500 Any million our h@nared and eptV
six thousand four hundred dollars 1850 426, ,4OD).
OF this amount, It is estimated that five million seven
hundred and hity-six thousand four hundred dollars
. (S5,7564O0 will be received for treasury notes which
may be reissued under the fifth section II act Of Sd
March last and one million one hundred and seventy
: thousand dollars (S 10000 Of the loan au.
norisea 9y me act OF June a. ls5S-maSng six million
nine hundred and wenty-sN thousand four hundred dol
lars tos2o4ll from these extraordinary sources and
: ioTtytree million five hundred thousand dollars ClS.
5OOO0l from the ordinary Of the public revenue
i making aggregate, with the balance in the treasury
+ on the ls July. 1889, of seventyhve million three hun
dred and eghyfour thousand five hundred and forty
dollars and eghynine cents S753s4 54l so for the
il maed means OF the present fiscal year, ending S0th
The expenditure during the quarter Of the
u hsca year, we're twenty millions thousand hun
dred aud seventy dollars and seventysx S2O
/ 0O7,lH 76). -Four millions six hundred and sixty -four
thousand three hundred and sixty six dollars and
the payment Of interest the public debt and the
dempon Of the issues Of Treasury notes. and the remain
der being fifteen millions three hundred and
il thousand eight hundred and eight dollars (si5S42 sos)
t we're applied to ordinary expenses during the quarter
Ihe esuaaied expenditure during the remaining three
mill huu
and ninety five thousand five hundred dol
e lars and twenty cents $40 995 55S 2 or which
millions eight hundred and eightysix thousand
six hundred and twentyone dollars
(s2 2 are estimated for the interest of The nn
lie debt The aseerained and estimated expenditures for
the fiscal year ending 30th june 1860 Of tho
public debt are, accordingly millions Eve hundred
aud 6ny thousand nine hundred and eighty-egh dollars
sad ten cents (SI5509sS l0 and for the ordinary ex-
penditures Of the ffy-hree millions four
four dollars and eghynine cents 1858 IA ss. max
e ing an aggregate Of sxtyone millions thousand
y en- hundred ana thriywo dollars and ninetynne cents
" 1872 s9 leaving estimated balance in the
Treasury on the Soh June 1860. Of fourteen millions
e three hundred aud eghone thousand eight hundred
and eight dollars and forty (Sl4 ISL sos 40)
The estimated receipts during the fiscal year end
= ing S0th June, 1861, sixty-sx million hundred
and twenty-five thousand dollars 1856 225 O00) which,
with the balance, estimated before stated, remain
s. ing in the Treasury the S0th June 1860 will make
Aggregate for the service Of the next fiscal year Of eighty
million six hundred and six thousand eight hundred and
eight collars and forty cents $3.50, 600, ,e0S 40)
The estimated expenditures during the fscs year
ending 30th June, 1851 are sixysix million hun
dred and fourteen thousand nine hundred and twenty
eight dollars and seventy mine cents (66 92S 79) or
: this three million three hundred and eghy-six
thousand six hundred and twentyone dollars and thirty
four 62l 34 will be required pay the in
erest the public debt leaving the OF sixythree
million three hundred and tNentyeight thousand three
hundred and dollars and ioryhye cents 1868 32S
II 3O7 45l nr the estimated ordinary expenditures during
fiscal year ending Both June, 1861 Upon these est
Il balance will be Jeff in the Treasury the Both
June 1861 Of thirteen million eight hundred and ninety
one thousand eight hundred aud seventy dollars and
sixty-one cents (Sl3,S9l,S79 6).
But this balance well that estimated to remain
in the Treasury the LIST july 1860 viii be reduced by
y such appropriations shall be made by law carry into
i effect certain Indian treaties during the present fiscal
year asked hy the Secretary Of the Interior to The amount
Il Of 1--WE hundred and thirty mine thousand three hundred
: and fifty dollars (j39S5l). and upon the estimates OF tho
Postmaster General for the service Of his department the
last fiscal year ending S0th June. 1852, stonniiIg 70
four millions hundred and nneY-six thousand and
n nine dollars 81 0)9 together WITH tne urther est.
mate Of officer forthe sersce' OF the present hseal
wear ending 3)th Jupe, 1860 being hve milhops ave
- hundred and tweniy-six thousand three hundred and
wenty four dollars iS 52d 32 making an aggregate of
" ,n rlions three hundred and sixty thousand six
huaa5ed ma eighty thfee dollars (Rl03dl 683) ~ y
ShoudDthose appropriations be made request led by
- s nyopt dopartmenis the balance in TIC Treasury 90
y No 3t June 16si viii DOT il is estimated exceed ree
rHlpas five hundred ard thirty thniisand hundfad
n and mnny,sx dQars and sytyonc cents S3,a3D e8
transmit herewith the reports Of the Secretaries of
doffh