The family visitor. [volume] (Pruntytown, Va. [W. Va.]) 1858-1860, 1860-01-20

In tne event OF deficiency, which cons;d-
% probable, this ought never 70 be supplied by
ruinous practice In IN, days Of peace and pros
perity, to 60 on increasing the national debt
70 meet the ordinary expenses Of the govern
meat This policy would cripple our resources
and impair our crtdit in case the existence OF
should render It necessary to borrow money.
Shouid such deficiency occur as Tapprshsnd,
would recommend that tia necessary reve.
lue beN Eaised by At increase Of four present du-
des on impJrtI. f NEED not repeat the opin-
| ions expressed in my last annual message as
to the best mode and manner Of accomplishing
this object and shall now merely observe that
these nave since undergone no change.
The report OF the Secretary Of the Treasury
will explain in detail the operations Of that
department Of the government.
The receipts iato the treasury from oil
| sources during the fiscal year ending 3oth Of
June, 1859, including the loan authorized by
the act Of l4th Of June, 1888, and the issues
Of treasure notes authorizep by existing laws,
were Ssl ,632 ,I7l oil, which sum with the ba
lance Of Sc, 3s5, ,3lG 10 remaining in the Trca-
srry at the commencement OF that fiscal year,
| made an aggregate for ths service Of the year
| OF SsS, S,0yo,Is II.
The public expenditures during the fiscal
| year, ending the 35;h June, 1850, amounted
| 70 eighty-three millions seveu hundred and
dollars aud hfty-seven cents, $50, ISL, ,5ll ST.
Of this sum, Seventeen millions four hundred
and Ave thousand two hundred and eighty
Ave dollars and forty-four cents fSlT, loj,
2S5 ~ were applied TO the payment Of iuter-
est on the public debt, ard The redemption Of
:he issues Of treasury noies. The expenditures
for all other brauches Of lie public service du-
ring the fiscal year were therefore sixty-six
million three hundred ard forty-six thousand
two hundred and twenty-siN dol lars and thi
teen cents, 1856, 90 Il.
The balance remaining in the treasury on
the lst July, 1859, being the coluinc ucemcnt
of the present fiscal year, was 81, 339,cI5 81.
The receipts into the treasury during the
first quarter Of the present fiscal year, conimen-
cling lst July, 1854, we're S20,Gls,S65 S.
or this amount S3,S2l, 900 was relieved on
account OF the loan and the issue OF treasury
notes.-the amount Of Sic, IoT, SOS IS having
been received during tue quarter from tho or
dinary sources Of public rev. uue.
The estimated receipts for the remaining
three quarters Of the present fiscal year 10
30th June, 1900, arc $50, 426, 400.
Ofthi, amount it II estimated the SIS, .js,-
400 will be received for treasury notes which
may be re-Issue.i un6! ~ ffib section OF IN.
act Of Sd March lest Sl,l70, 900 on account
OF the loan authorized by The act Of June IL.
ls5s-makinS sc, o26, 400 from these e1traor.
dipary sources, and SIS, 500, 900 from the or
dinary sources OF the public revenue making
an aggregate, with tho balance in the treasury
on the lst July, 1859, OF SIS, ,3sI,5 5Il SO for
the estimated means Of the present fiscal year
ending 30th June, 1860.
The expenditures dIrin,; ~" EEsi u~A.ter a.
the present 6Sca! year were $50. %. !:t. -
S4,66i. 3GG of this SUM were arp.iei io in.
\ payment 0: int:rcSi GA the public debt aai the
redemption Of tue issues &c treasury no,.., and
the remainder, being SIS, ,Jt2, ,S03. were APP
piled TO ordinary expenditures durin: the
| quarter.
The estimated expenditures during the re-
maininS three quarters, 10 Juno 20, 1900 ..e
forty million nine hundred and ninery-fye
thousand i've hundred and .:.ty-ri :hi dollars
| AMI twcniy-tErec cents (S4s, ?95 ,5jS al
Ofwh'ch sum two million eight hundred and
! cightr-SiS thouN'ad six hundred AMI twenty
one do.ia.s ard thirty four ceats, (s,sS6 G2I-
az are estimated TOR the interest on the pub
| lie debt.
The a:c+r;nircd and estimated cIrenI;urS Z
for the lis "a. year cadiag ;Otii June, l:.,), on
arcogat Of the puIiic debt, are ncco.,!ir s,y.
{ Si.i:u!s5 ~: and Tor tue ordinary eAic.di-
iurcs 0: the Governmtnt Sjl.iil,IIi -, Tia
: king an aggregate OF ST., ,U0O2, -. -: !ely-
ing An esiluis,cd balancs iu tho TtclsI.y on
IL, 3Jth June, 1851. are SS6, ,29J. 900. which.
with the balance estimaeetl, as before sf,te,i
~ reinainining 10 the Treasury cn the p IL OF
June, 1860, will make an aggrcynt, fIr The
service o! the next fiscal year Of $50. GcG %.
The estimated expenditures during the next
fiscal year ending 30th June, 1861. are S6S.-
7l+,928 %. Of this amount So, $50, GEL 81
will be inquired to pay the interest On the
public debt, leaving the sum Of S63, 325, ,2o7 -
for the estimated ordinary expenditures during
the fiscal year endiug 3Oth June, 1871.
Upon these estimates b,lance will be len
in the Treasury on the goth June, 1861, Of
Sl3,sol,8To 81.
But this balance, as well as that estimated
o remain in the treasury on the lst July,
1860, will be reduced BY such approximation,
as shall be made by law to carry into ,G-ct
certain Indian treaties during the present 6 =
cal year, asked for BY the Secretary OF the In.
terror to the snount OF $3.50, $50. and upon
the estimates Of ;he Postmaster General for
the service OF bis Department The Lac, # scal
year, ending June 30, 1859, amounting 10 81
22j, 900, together with the further estimate Of
that officer for the present fiscal year. endiaz
3o,h June, 1860, being SIS ,526, s, making an
aggregate Of Slo, ,3Sl ,Gs3.
Should these appropriations be made A, re-
qucsted, by the quarter Departments. the Lsl-
anee in the Treasury on tho 30th June. 1861
will not, IL is estimated exceed 1880. iy6 sl,
transmit herewith the reports Of the s G.
retarie' OF War, OF the Navy, Of the Interior,
and OF the Postmaster General. They each
contain valuable information and imj,ornnt
recommendations well worthy Of the striors
confederation Of Congress.
II viii appear from tho report or the Secre-
tary OF War that the army expenditures have
Lccn matHilly reduced by system Of riciJ
tcOnei1y, which, 10 his opinion offery every
guarantee that the reduction will he Iettns.
sas "A t,rynag = tI. f,...