Civilian & telegraph. [volume] (Cumberland, Md.) 1859-1875, 1860-01-05

erpLlc success, as will erperr from their differ
ent reports and tfti'na;rs. To these ] inyii5
tho scrutiny of Congress, fer The IlrIote q
redue ing them still lower, if THE he pra etisah1t
and consistent with the siout public ib,eIc..s
Of the country,
In aid of the policy Of retronthmtut Ip!edrs
myself 10 examine closely the bills eprrcpyiat-
ing lands or money, SO that if any Of these
should inadvertently pass both houses NJ rus:
sometimes be the case, may ford them m
opportunity for reconsideration. At The some
time we ought never to forget that ttue public
econo1a consists. not in Withhold din the N ems
necessary to accomplish important natl onal OBJ
jects confded to us by the constitution, but In
taking care that the money appropriated for
these purposes shall be faithfully and frugally
expended.
1t willappear from the report of the Secretary
of the Treasury that it is extremely doubtful,
to say the lea ST. whether we shall be BILE topass
through the present and the next fiscal year
without providing additional revenue. This
can only be accomplished by strichy confning
tna appropriations within the estimates of the
inherent departments, without making an al
iowhhce for any additional expenditures which
eongress may think proper, in their discretion,
a. nu.norize, and without providing for the
uenptloh OF any portion of the $40, 000, 00e OF
treasury notes which have been already issued.
III .ny event oil n deficiency, which I consider
Propu'ie' this ought never to be supplied by q
'sSo-t ~ lOnng.
1t would be o ruinous nroc,ioa l.;
peace ana prosperity to go on increasino the
nati onal debt to meet the ordinary exnansex NJ
the government. This policy would cripple
our resources and impair our credit in case ina
existence of war should render 1t necessary to
borrow money. Should such a deficiency oc
cur al I apprehend, / would recommend TINT
the necessary revenue be raised by an nereass
of our present duties on imports. need not
repeat the opinions expressed in my last annual
pe n n the he ST Tno1o n mr. mo
fishing this object, and shall now merely
observe that these have since un dergone no
change.
The report Of the Secretary of the Treasury
will plain in detail the operations of that de.
partinent of the government.
The receipts into the Treasury from all
sources during the fiscal year ending the 80th
June, 1850, including the loan authorized by
the act Of lith June, 1888, and the isaues of
TREASURY notes authorized by existing lass,
we're cighty-one million six hundred n ninety
two thousand four hundred and seyenty-one
dollars and one cent, 1881 ,692. 471.01, } which
SUN, with tn g balance Of six million three hun
drcd and ninety eight thousand three hundred
and sixteen dollars and ten cents, (S6,39S,-
| 3l8.l0) remaining in the treasury at the COM
menccment of that fiscal year, made an aggre-
gate for the service OF the year Of eighty eight
million ninety thousand seven hundred and
! eighty seven dollars end eleven cents 1885,
! 900. TS71l)
Inc pupnc expenditures uurinB the hsoai
! year ending 30th june, 1889, amounted to
! eighty-three million seven hundred and fifty
one thousand five hundred and eleven dollars
and ifty-sovcn cent?. SS3,751, 5ll.57.l OF
| this sum seve nteen million four hundred and
| five thousand two hundred and eighty Ave dol
lars forty four cents $l7,405 ,2s544l were ap-
I piled to tho payment Of interest on the public
| debt md the redemption of the issues of trea-
sury notes. The expenditures fer all other
branches of the public service during that fiscal
yeur were therefore sixty-six million three
| hundred and forty-six thousand two hundred
and twcnty-six dollars und thirteen cents $685.
! 346,226lS.)
4 She balance rem lining in tho treasury on
tho st July, 1859, being the commencement Of
the present fiscal year, was four million three
hundred and thirty-nine thousand two nun bred
and seventy-fvc dollars and fifty -four cents
Sj,330, 275.54.)
The receipts into the treasury during the
first quarter % the present fscul year, COM
mencing July LIST, 1859, were twenty millions
stx huddred and eighteen thousand eight hun
bred and 81 xty-fve dollars and eisl ty-fve cent?
1920, ,S65 s5. Gfthis amount three millions
eight hundred and twenty one thousand three
hundred dollars (S3, s2l 5000 was received on
account of the loan and the issue of treasury
notes.-the amount of sixteen million seven
hundred and ninety seven Thousand five hun
bred and sixty five dollars I'D eighty-nVs
cents So 97 ,565.s5) having been receiqed du.
ring the quarter from the ordinary sCurces oil
public revenue. The estimated receipts for
the remaining three quarters of the present rs
cal year TO both June, 1862 are fifty million
four hundred and twenty six thousand four
hundred dollars $3.50, 426 ,4O0.) OF this a.
mount it is estimated that ivo million seven
hundred anu ffty-six thousand four hundred
dollars (Sj,1J6 400 will be recesved for treas
ury notes. which mny he re-issued under the
fifth section of the vet OF Sd of March last and
one million Que hundred and seventy thousand
dollars (Sl 1TO ,001) on account of the loan au-
tho rized by the act Of June IA, ESTIMATING
sio million nine hundred and twenty six thou
sand four hundred lars (S6,928, 40O) from there
extra ordinary sources, and forty-three million
five hundred thousand dollars s43,50Oo0o)
from the ordinary sources of the public revenue
max ling an aggregate, with the balance In the
TREASURY on the LIST July, 1859, OF seventy hvo
million three hundred and eighty four thousand
five hundred and forty-one dollars and eighty
nine cents 1875 1884 54i.S0) for the estimated
; means of the present fiscal year, ending goth
June, 1860.
The expenditures during the first quarter OF
the present fiscal year were twenty million sew
ed thousand one hundred and seventy-fonr dol
lars and seventy-six cents, [S2O,o07,l74 70
Four million six hundred and sixty-four thou,
sand three hundred and sixiy-six dollars and
severty-six cents TS4, 664, 366 T6l OF tbs sum
; were applied to the pay ment OF interest on the
G public debt and the redemption of the ISSUES OF
treasury notes and the remainder, being hiteen
, million three hundred anu iorty-tWo thouo"u.s
= eight hundred aud eight dollars, 81 ,342 ,8OS,J
were applied to ordinary expenditures during
the quarter. The estimated expenditures du-
ring the remaining three quarters, 10 June So
n Is6o, are forty million nine hundred and ninc-
= ty-five thousand FIVE hundred and fifty eight
! dollars and twenty three cents 40 ,995 55s 23.
u OF which sum two million eight hundred and
eighty-sx thousand six hundred and twenty
:, me dollars and thirty-foar cents 81 ,686,G2l =
It "a are estimated for the interest on the public
Y debt The ascertained and estimated expendi-
/ lures for the fiscal year ending Both June, 1860,
: on account of the public debt, are accordingly,
seven million five hundred and fifty thousand
;, line hundred and lightweight dollars and ten
= c9nts, Isl ,550,os5 100 and for the ordinary ex-
y penditures ofthe government ffty-three million
II four hundred and ffty-oue thousand seven hun
S dred and forty-four dollars and eighty-nine cts
i (S53,4 5l ,144 s9,) making an aggregate OF aix-
= ty-one million two thousand seven hundred an
d thirtytwo dollars and ninety one cents, 1901 :
Is 0O2, 1872 09D leaving nm estimated balance IN
If the treasury on the 30th June 1860, OF fourteea
: million three hundred aud eighty-one thousand
eight hundred and eight dollars and forty cents
(Si4,38l, sos 40.)
The estimate ted receipts during the next fiscal
. year ending both June, 1861 are sixty-six mil
lion two hundred and twenty-five thousahe
= dollars, SOC, 225, 900 which, with the balance
= estimated, as before stated rs remaining IN Inc
n treasury on the 30th June, 1850, VIII make an
4 aggregate for the service of The next ilscai yea
y of eighty million six hundred and six thousan
u eight hundred and eight dollars and forty cents
J G$sO,6O6,s0s 4O.l
II The estimated expenditures during the next
SO fiscal year ending Both June, 1861 are sixtv-six
s, million seven hundred and fourteen thousand
e nine hundred and twenty eight dollars and sew
az enty-nne cen ts[ $50 7lI,92s 19l Ofthis amount
# three million three hundred eighty-six thou
= sand six hun lred and tweniy-one dollars and
- thrty-.our cents So 3sG,62l 341 will be requir-