The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1860-01-04


ninety-twe Thousand four and seventy.one
dollars and one cent, (S8I, I,692 All OLD
which sum, with the balance Of six million
three hundred and ninety-eight Thousand
dollsrs and eleven cents, (SsS, ,09o7s7 III
The public expenditures during the fscal
year ending s0th of June, 1859, amounted
to eighty three millions seven hundred and
fifty one thousand FIVE hundred and eleven
dollars and fifty.seven cents (&63,75l,6l
07) or this sum seventeen millions four
hundred, and five thousand two hundred and
eghiy4fye dollars and forty-four cents
(Sl7 4o5.2S6 AZ were applied TO the pay
ment Of interest on the public debt and the
redempiiou of the issue OF treasury notes.
The expenditures for all other branches OF
the public service during that fiscal year
were theTefore sixty-six million three hun
dred and forty six thousand two hundred and
twenty-six dollars and thirteen cents $685.
346 226 l3) |
The balance remaining in the treasury on
the lst July, 1859, being the commencement
of the present fiscal year, was four millions
three hundred and thirty-nine thousand two
hundred and seventy-fiVe dollars and thirty
four cents ($4,3s9,275 "a
The receipts into the Treasury during the
first usrter Of the present tisca year, COM
six hundred and eighteen thousand eight
hundred and sxty-fve dollars ond eighty
FIVE cents, ($2O,6l8 865 85) OF this amount
three millions eight hundred and twenty
one thousand three hundred dollars was re-
ceived on account of the loan and the is /
sue OF treasury notes.-the amount Of $l6,-
796,565 Sc having been received during the
quarter from the ordinary sources OF the
public revenue. The estimated receipts for
the remaining three-quarters OF the present
fiscal year to the Both June, 1860, are $780,
426, 400. OF this amount it is estimated
that $5, ,756, 400 will be received for treasury
notes which may be re-issued under the fifth
section OF the act of Sd OF March last, and
$l,l70,0 900 on account OF the loan authori-
zed by the act of June IA, l85S-making
1926, 400 from these extraordinary sources,
and $43 500, 900 from the ordinary sources
ofthe public revenne-makihg IN aggregate,
with the balance in the treasury on the lst
July, 1859, of 1915. 34S,54l SO for the esti-
mated means OF the present fiscal year end
ing 3Olh June, 1860.
The expenditures of the first quarter OF
the fiscal year were $20.007, TIA 76. $4,-
664 364 76 Of this sum were applied to the
payment OF the interest on the public debt
and the redemption of the issue OF treasury
notes, and the remainder, being $l5,342 20S
were applied to ordinary expenditures during
the quarter. The estimated expenditures
during the remaining three quarters, to June
80, 1859, ore $4O,995 ,559 % OF which
sum So SS6 62l 81 are estimated for interest
on the public debt. The ascertqned and
estimated expenditures fer the fiscal year
ending June 80, 1860 on account Of the
public debt, are, accordingly, ST 55O,9SS 10;
end for the ordinary expenditures of the
Government $53,49 Sl4 50, making ar
aggregate of $6l l,0o3,733 SO; leaving an
estimuted balancei in the treasury on the 30th
June, 1860, OF $l4 5Sl 80S 40.
The estimated receipts curing the mex
fiscal year ending 30th June, 1861, ire $685.
225 O0O hi, b, with the balance estimated
rs before siBteP, as remaining in the treasu-
ry on the 30th June, 1860, will M Ike an ag-
gregate for the service OF the next fsce
yea. Of $50 6C6 sos.
The e.timoted expenditures during the
next fiscal year ending Goth June, 1861 are
$66,7l492S 70. o. this omonnl, SO 1856
62l "a will be required to pay the i"t res
on the public debt, leaving the sum Of $685.
328,307 As tor the estimated ordinary ex-
pendilures during the fiscal year ending 30:t
JuLe 1861. Upon these estimates balance
will! be let in the Treasury on the 80 /
June, 1861, OF $l3. .6Gl,676 81.
But the balance, as well as III t estim1
ted to remain in the Tre9su-y on the ST o
July, 1860, will be reduced by sa"h appro-
prjntions as shall be m%t9 by INV to carry
into feet certsn Indiqn Treaties during The
presen, fiscal year, a>ked for by the Secre
lsrv of the Inte iur TO the amount Of $539,
$50, and upon the estimates Of the Post.
master Gereral or the service Of his depart
ment the last fiscal year, ending 3oth June
1859, amounting TO S4 296 900. toge,he
with the iur her estimate OF that officer fc
the service OF the present fiscal year, endir
3Oth June, 1850, being S. 52G3 324, maxim
aggregate OF $40 36l,633.
Should these appropriations be made a
requested by the proper Departments, ,h
balance in the Treasury on the 30;h June
1861, will not, it is eetimqtsd, exceed $3.
530,l96 81.
transmit herewith the reports of ih
Secretaries OF War, of the Navy, OF the Ia
terror, and of the Postmaster General
Tiny each contOin valuable Information IN
important recommendations we'll worthy
the serious consideration Of Congress.
1t will appear from the report of the Sec
retary of War that the army expenditure
have been materially reduced by system
rigid economy, which, in his opinion, offe
every guarantee that the reduction will
permanent. The estimates OF the Depar
ments for the next fiscal year have been re
duced nearly two millions Of dollars belo
the estimates for the presen, fisco year, al
half o million Of dollars below the atnod
granted for this year at the last session
Congress.
The expenditures OF tie Post Office D
partment during the past fiscal year, endi'
on the 3O.h June, 1859, exclusive OF pa
mentfor mail service specially provided E
by Congress, out of the general treasu'
amounted to $l4, 1854, ,493 33, andit receiE
to $1,000 494 OF; showing deficiency,
be supplied by The treasury, OF $6,996.o
26, against 1926 OFT Is for the yeAr eE
inc 3Olh June, 1858. The increased cost
transportation growing out of the expansi
of the service r, quired by Congress expla
the rapid augmentation OF the e&penditur
It is gratifying, however, to observe an
crease of the receipts for the year ending
the 3O,h June, 1859, equal to S4ol '69l
compared with those in the yeor ending
3O,h June. 1858.
It is estimated thSt the deficiency for
current fiscal year will be 80 .93S' '424
hut that for the year ending 30lb June 10
will not exceed ~, ,442. .572 80, should U
press adopt the measures OF reform propo
and urged by the Postmaster General
IS March rpfFenChme