The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1861-07-13
BALTIMORE.
SATURDAY, JULY l3, 1861.

10
,r;c,te calculations of tue secretary Oh Tue
,, into the belief that the war mas 50 i"i' 'oss
,tl;og at all, or that an sppfoPila'oA VI
eo1o ooa 900 will be all that VIII De fequileu ,o'
tI,o'o,s,ing wear. 1t may be very wei iof MI
r,,s..n "a berin with this very trtng oelnauu'
1T-.uar, has no doubt been gotten up as very
;,oo If fnsuciering. He does not lnteno
10 r,on,Ad men into the secret OF What Is
,iro1 for The future, or is due for the pas'' uh-
~ 10 hos Effected a loan which Will ehaoie t''e
Administration to go on a little While longer anu
,rhcb will give capitalists so large an interest IN
A. s,n,ort of the Government that they VIII oe
c,rc.a "a come forward, with additional MEANS 10
- ,,,a,oseIeas for what they have already al
yancsd The trick, however, Is 100 JAIN
ion notent 10 be palmed of even on MI AiN'oA,''
IL well knowing how heavy debt mas a'ie'u'
heen incurred in the prosecution OIL 'no "ni'
1T, o,,t in his message no doubt much 10 Tue
onororce Of Mr.. Secretary CHASE, lhat lie ie
op;res the control of $500, 600 oo' anu '"''
"a q COO 600 is but small sum 10 NC au' in
=, tho nation for such an emergency. lhe u'ite
80 COM nm 600 is no doubt pretty lair es"-
hat WAS already due on the 3o'h o'y
Tn 9e1 and to be provided for ms uiii'
70 have been entirely overlooked III the
ort Of Mr.. CHASE. The amount estimated by
tis rre5ecesssor as the aggregate expenditure lot
The fiscal year ending June 81, 1861, was 9o4'
mo ms, the aoprepate amount of expenditures as
acmalIv made, as reported by Mr. CHASE, is 1884,
s7- o5o As the estimate was made at the COM
a,car,opt of the fiscal year, before there was any
nrosnart Of a civil war; there was necessarily not
the siphtest calculation made for the extraordinary
;r4abtsdness which has been incurred during tie
last quarter Of the year. The actual expenditure
ara within a traction of the original estimate III
is1eritctIv evident therefore, that no portion O.
,be evnenses of the war has been included in this
ratprn There was q call made by the President
for * 0oG volunteers to serve for three months
under which about 80 0G0 men were accepted.
There was another call for volunteers to serve Tor
q LONGER period, and one for increase Of the
regular army, under which more than 100000
men we're en listed. There was call for an in
crease of The navy. Everything had to be pro-
vided for the occasion. Munitions of war of all
kinds had 70 be purchased; arms, tents, equip
ages, ambuances, and every kind of material
necessary 10 place so large a force on complete
var footing Means of transportation had to be
provided, both by land and by water. And,
finally, it found requisite to increase the navy
by the addition of such vessels and steamers as
could be made available for the purpose. All
this done, as the Government boasts, with a
degree Of unexampled celebrity. But unexampled
celerity requires an unexampled outlay; and the
cost required to get up this large force and trans
port it to the seat of war, has been perfectly fear
81
travagant one, And still we have in the report Of
Mr. CHASE not one alusion made to this indebt-
edness, the slightest provision made for its Ii
qda'ion. The amount of the reported expendi-
lures is no doubt easily explained. The Govern
eminent has disburssd all it could get hold of. 1t
expended S84, SIT ,25s, and the&Secretary returns
this amount as the aggregate expenditure for the
year.
But while there has been no calculation made
of this enormous outlay in the accounts of the past
year. neither does there appear to be the slightest
alluson made to it in the estimates for the expen-
ses of the current According to the report OF
the Secretary of War, there now in the field
1000 men; and after disbandng the three
months volunteers whose time of service is about
expiring, there will be left an army of regulars
=
and the war, of 23O 900 men. The estimate for
maintaining the army on a peace footing has
heretofore been about 81 600 per man per annum.
Add to this fifty per cent, which is but a moder-
ate calculation, whec we take into account the inn
mense additional amount necessarily required in
time of war, and especially in war extending
over so vast extent of country; and we
have at the rate Of 81 800 per annum, the
amount Of S345 600, 900 for the current year
alone required for the sustenance of the present
force on It's present footing, Without any allowance
at all made for the accrued expense for the last
quarter OF the past year. the sghtet provision for
the pay ment of the So 900 three months volunteers
who are about TO be discharged. The amount re-
CURED for the support of an additional force of
40, 900 men, called for by Mr.. LINCOLN to make
an eifeclual army of 4OO, 900 men, is, of course
not referred to by Mr.. CHASE. 1t is an extraordi
nary requirement, and according to Mr.. CHAsE's
ideas, no doubt to be provided for in an extra
ordinary manner. This, together with the provi-
sion for the 100, 900 men which have been voted
in addition to those asked for by Mr.. LINCOLN is
left entirely to Congress.
1t is matter of utter inpossbty to under
stand on what basis Mr.. CHASE has made any one
calculdtlOn IN us estimates. Inc estimated TT
ceipts from customs for the past fiscal year was
S56 ll9, 83l. The actual receipts were 500, $685.
sl9-three-fourths of which were collected under
a revenue tariff and with all the ports of the
country open. Now, with the ports of one-half
the country closed, and with business not only
perfectly stagnant but becoming more and more
depressed from day to day, and with the fact that
the receipts from customs for the last quarter were
only S., 527, 246, Mr.. CHASE actually estimates
the probable receipts at S33, CO0, OOO TO which he
adds an increase by alteration in the rates of duty
ON particular articles of 7,00O 0O0 and increase
from duty on tea, coffee, sugar, &C., now admit
ted free, of $780, 000, 000 making total of $780,
600 900, which is at least 500, o0O 900 more than
can possibly be raised frem this source, even if
trade again opened with the one-third of the
population of the country who are now prevented
from consuming the articles from which these du- |
ties are 10 be collected
1t Is useless to go further into detail. more |
hopeless tumble than this renort never appeared |
before civilized nation. The best comment has |
been passed upon it by the action of Cameras, |
Both branches show their utter disregard and mic
trust of the manufactured calculations of the |
Secretarys report, by entirely ignoring it, The |
Secretary names the sum of S31S, 3d. 5sl as the
whole amount required for the fiscal year of 1862,
and on this calculation there is an item of
So 600, 00O the average interest of the new loan
of $780, 900, 900 to be issued during the course of
the year, but no mention at all of the trifing |
sum of Sl2, 900, 900 required for the interest on
the debt already accrued. This would have made
in round numbers about $3.50, 900, 900. The
House ignoring the Secretary, promptly passed
bill appropriating $500, 900, 900 for the
paym OF the militia and volunteers, In
lne SENATE IL was proposed to increase this
amount to $500, 100000, which will, no
doubt, be agreed to by the House T, oaa;
ton to this, bill has been passaa ,,,o-:,:~
Sl67, 5e5 6l3 for the use of the armv oa.,s
of $780, 952, 1856 for the use of the nav w,
another small one appropriating S., 75o, 600 60.
back pay due to understanding a lots,
of about 500, 200, 900, more than twice the
amount asked for by Mr.. CHASE and the appro-
priations withal not yet entirely made Further
Comment on Mr.. CHAsEs estimates and calcula-
tons is unnecessary.
Ane american of yesterday, in commenting on
mayor DROWN message to the Council. referred