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

BY strictly combining the appropriations with
in the estimates of tho different departments
without making IN allowance for any ad.
ditional expenditures which Congress NAV
think proper, in their discretion, to author.
lze, and without providing for the redemp
ton Of any portion Of the S2O,OOOOOO of
Treasury Notes which will have been al
ready issued. In the event Of deficiency
which consider probable, this ought new
or to be supplied ty resort to additional
loans. 1t would be a 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.
II such deficiency occurs, as I appreFend
l would recommend that the necessary
revenue be raised by an increase of our pres
cnt duties on imports. I need not repeal
the OPINIONS expressed in my last annual
message as 20 the best mode and manner of
accomplishing this object, and shall now
merely observe that these have since under
gone no change.
But this balance, as welt as that cstimat-
ed 10 remain in the treasury on the 1st Of
july, 1860, will be reduced by such ap.
preparations as shall be made by law to car
~ 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 1888. $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 four
dollars, (5,526, 324,) making an aggregate
Of ten millions three hundred and sixty-onc
thousand six hundred and eighty. three dol.
lars nc, 1861, 683.)
The public expenditures during the fiscal
year ending 3Oth of June, 1859, amounted
to eighty three million seven hundred and
fifty-one thousand five hundred and eleven
dollars and fifty-scven cen,s\$S3, 751,5l So.
OF this sum seventeen million four hundred
and five thousand two hundred and eighty
five dollars and forty. four cents ST., 4O5-
1885, 49, 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 tho other branches of
the public service during that fiscal wear
were therefore t!y-six million three hun
dred and forty-six thousand two hundred
ard twcntysix dollars and thirteen cents
(66, 346, 22G,13 -s...
The receipts into the treasury during the
first quarter Of the present fiscal wear COM
mencins July LIST 1858, were twenty-six
million six hundred and eighteen thousand
eight hundred and sixty-fivc dollars and
eishty-five cents (S26,618, $685.. OF this
amount three million eight hundred and
twenty-one thousand three hundred dollars
(S3, 82l, 3OO) was received on account of
the loan and the issu, Of treasury notes
the amount of sixteen million seven hum
dred and ninety seven thousand five hun
dred and sixty five dollars and eighty-five
cents ZIG, 797 ,565, $50 having been received
during the quarter from the ordinary source
ofpubiic 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 dolIars($5O, 420, 400. J
VI this amount it is estimated that S.
1885, @, will be received fort,easury notes
which may issue under the fifth section
of the act Of 3rd of March last, and one
million one hundred and seventy THOUSAND
dollars C.17O,ON) on account Of the loan
| authorized by the act Of June Is, 1861
making six million nine hundred and twen-
ty-six thousand four hundred dollars from
these extraordinary sources. and forty three
million five hundred thousand dollars from
the ordinary sources of the pnblic revenue
making an aggregate, with the balance in
the treasury on the LIST Of July, 1859, Of
seventy million three hundred and
one dollars and eish.y-nine cents for the es-
timated means OF the present fiscal year
ending Both, June, 1860 %.
The expenditures during the first quarter
Of the present fiscal year were twenty mil
lions seven thousand one hundred and
scven!y-four dollars and seventv-s cents,
(S2o, O07, 174,76.) Four million six'hundred
and sixty-four thousand three hundred and
sixty-six dollars and seventy six cents. (S4,.
664 1885, 6) Of this sum were applied to the
payment OF interest on the public debt and
the redemption of the issues OF Treasury
notes, and tile remainder, being fifteen mil
lion three hundred and fortv.two Thousand
eight hundred and eight dollars ($15, 342,-
$3.50 were applied 10 ordinary expenses
during the quarter. The estimated expendi-
lures during the re naming three quarters,
to june, 1861, are forty million nine hind
red and ninety-five Thousand five hundred
and fifty-eight dollars and twenty three
cents($4o, 995, 558, 23). Of which sum
two lnillion eight hundred & eighty -sixthous
and six hundred and TWEEN y. one dollars ant!
twenty. four cents (2,886, 62l, "a are es:ima-
ted for the interest Of the public debt. The
ascertained and estimated expenditures for
the fiscal year emitting 3nth June, 1860, on
account Of the public debt, are accordingly,
seven million, five hundred and fifty thous-
and, nine hundred and eighty eight dollars
and ten cents(S7: 55O,988, 1O): and for the
ordinary expenditures Of the government
! fity-'hrce million, four hundred and fifty
one thousand, seven hundred and forty -four
dollars and eighty nine cents, ($53, 45l, ~
S9), making All aggregate OF sixty-one mil
lion Two thousand seven hundred and thirty
two dollars and ninty ceAts[ 1851. OO2. 49,, 9O);
leaving an estimated balance in tho treasury
IN the Both June, 1860, Of fourteen million,
three hundred and eighty. one thousand,
eight hundred and eight dollars and forty
cents, (Sl4,3S1, 808,4O).
q