Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-12-12
lPrOm the N. Y. Post Of last eVening.)
oondltion OF the National Treasury.


We learn from Mr.. ohase,s admirably
lucid report that the expenses of the gov-
eminent for the year ending June 80, 1852,
were estimated in July last Mt a little less
than three hundred and nineteep million
dollars. of this, he proposed to Congress
to raise eighty million by revenue, and
two hundred and fifty millions by loan. In
accordance with the act of Congress, he
has raised, by agreement with the banks,
IN ito the present time, one hundred milli-
on in 4. 80 Treasury notes; city millions at
4 per cent on tweRty year sig per cent.
bonds, and he has made arrangements with
the banks for another fifty millions on or
after January LIST, on T.30 per cent. Treas
ury notes. i.ss 3 a.. 40 b s9l
Counting in the issue of twenty-tour and
half millions 10 demand notes, and OF
nearly twenty-seven millions In two year
and sixty day notes, the total sm lSg IT. SO
far realized by loans amounts to $l9I,24
bss Il. ief
The revenue receipts have not, so far,
come mn to the estimate of the Secretary,
The reformed estimates based on the re-
turns of the first quarter of the fiscal year
give as the result, ffty-tour and half
million dollars, which is twenty-five and
half millions less than the estimate of
last July.
The enlargement OF the army since his
last estimates of expenses for the year eau
sss anecessary additional expenditures ma
king the total estimated expenses of the
government for the year ending June goth,
1852, equal to $543, SOC, 600. This creates
an additional deficit of nearly $2l4, 000,-
600, aud taking the total amount as the
sum TO be raised during the year, Mr..
Chase proposes to raise at least 800, OOO,-,
600 by taxes, and depend for the remain
der upon loans. There will remain then
besides loans already had, new loans to be
contracted. for the present year, to the
.amount of nearly S2l4, 100000
To provide for the revenue, Mr.. Chase
asks that Congress increase the rates on
sugar TWO and q half cents on, brown and
three on clayed; twenty cents per pound on
green tea; aud FIVE cents on coffee; and he
asks that no alterations be made in the
tariff. He proposes to raise by direct tax
from the loyal States twenty millions, by
excise and stamp duties like sum, and by
income tax ten millions. Add to this the
revenue on imports, which he estimates at
forty millions, aud we have total of nine
" millions, the result of taxation in vari-
Gus shapes.
Mr.. Chase recommends n plan by which
the notes of the government will gradually
lbecome the only notes of issue in. the coun-
4 try, nut Qt,sne same tltn6 VIII Oe lHSueu W
and on the credit Of private corporations.
This seems much more secure than q ma.
tionaly bank, and has the advantage of max
ing this immense issue under the manage
4 ment and care of private corporations.
The Secretary states thatif the war con
tinues till July LIST, 1868, the public debt
will at that time have swollen to nine hun
dred million dollars /; q sum which the ma
4 ton may pay of in thirty years, if 1t is as
energetic in this as it has been in the pay
ment of previous national debts.
Mr.. Chase thinks commerce should fol-
i low the flag, and wherever southern port
4 falls into orr hands, it should be opened
for trade, If it can be done without injury
II to warlike Operations.
He suggests the appointment of solicit
4 tor of customs in New York the creation
4 ofa branch mint at Denver; states the coin
4 now in the country at from two hundred
and seventy Eve to three hundred millions
notices the payment by the government o.
certain debts due TO states, and gives the
following estimate of the national debt.
On July 1850, the public debt ,5os g!
On July /, 1851, the public debt was. 9o - q
On July 1862 the public debt will be 81 8
On July 1855 the publc debt will beSs1 2sOz "
!. wehave no space now for comment upor
this report. further than to direct the at
tention of our readers to its fraukness
elearness and pervadiug good sense.