Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-07-24

the oracle within
And now, sir, propose to prove beyond an
honest controversy, that the statements of the
Republican Senators and Representatives
upon whose authority we of the Democratic
party repeated them. were justified 10 the full
lest extent, by the estimates, by the appropria-
tons, by the authorized Indebtedness, and by
the actual Indebtedness, as appears from Off
cial records, the authenticity and verify of
which cannot be impeached. e4
First, as to the :. ESTIMATES" These. IN
deed, are by no means reliable, because every
two or three months, and possibly every two
or three weeks, we have additional estimates
from the Treasury Department TO supply the
continually recurring deficiencies There Is
a discrepancy between the estimates for the
present fiscal year, made in July Last, and
those submitted on the 1st of December, of
S213,904,00O. The estimates of the lst of
July, were 31S,5I9,00O; and vet, during a
short session of FIVE weeks Congress appro-
priated over and above these estimates the
sum of S47,9S5,O0O. Last December the
Secretary Of the Treasury sent in supplement
tary estimates, asking additional appropria-
tons to the extent Of 2l3,904 900. On the
5th page of his annual report, of that date,
he sums up the total of estimated expenditures
for the fiscal year 1862 at S543, 900, or at
the rate of 81 800, 900 every day In the year.
Deducting the estimate of receipts, $50, 6,s09,-
900, YOU have as the amount of debt to-day,
estimated by the Secretary of the Treasury
himself seven months ago. the sum of $780,
596 900. To this add the debt up to July 1,
1861, of S90,S67 900, and YOU have a sum
total of 97,464,5l9. And vet, with even
this enormous amount he has been forced since
10 confess errors to the extent of two or three
hundred million dollars in his estimate for the
year. And on the 2sth of January, the gen.
tleman from New York Mr.. Spaulding, de-
claring that the Secretary substantially
agreed with him as to what the expenses
would be-" summed up the debt at $3.50, 0,000,-
600, or nearly S53, 100000 more than the
Secretary, in his report, had set it down only
seven weeks earlier.
| pass next to the APPROPRIATIONS"
What further Deficiencies are to come in, or
are now pending, know not; but the amount
of appropriations already made by Congress
for the fiscal year ending to-day, (June 30th }
is S60S, 26 ,496; and for the coming fiscal year,
1S62-63, the appropriations provided for in
bills now between the two Houses, having
passed one or the other, are for the Army
alone 1921 ,980,445, or at the rate OF $500 a
man, and for the naval service S42,427, Ill
an aggregate of 1854 ,408, 900 for the Army
and Navy alone. Adding to that 81 $4,000
for the Indian Department, YOU have $780,
227,000. And to this must be added S2S,31S,-
900 In bills already become laws, in all, the
sum of S59i i,543,0 900 for the next fiscal year
making as the grand aggregate of the appro-
priatiOns already provided for by this Con
gress since the 4th of July last, the enormous
sum of Sl,l04,976,8Sl 66.
proceed next to ascertain the amount o.
authorized Indebtedness, for which this House
the Senate, and the President, have pledged
the faith of the Government. In the frs
place, the appropriations, as l have said
amount to S5S1, ,526,O00. Deducting from
that the estimated receipts, adding to then
S9,000,000 for error, from customs, lands, an,
all other ordinary sources, SAC, 900, 900, W,
have S535, 900. But this does not includ,
the Sl0,200,000 proposed to be pledged b,
this bill tor the ship conal from Lake Mich
gan to the Mississippi River, nor the S64, $50,
900 for the Pacific railroad, for which the faitl
OF the Government is now pledged, nor th
S3,50O.000 for the enlargement of the lock
of the Oswego and Erie canal nor the So
100000 for the ship canal around the falls O
| Niagara, nor the other one hundred project
of disinterested patriots and philanthropi
projectors in this House and outside of it to
augmenting the number, and extending sti
more widely the circulation of the illegal ten
der" notes of the United States.
There Is vet another form of authorized in
debtedness-loans and Treasury notes. B
the act of July IL, 1861, we empowered tn
Secretary OF Treasury to contract a debt c
! S250,000, 900 In bonds, at his discretion. b
the act of the 25th of February, 1862, $500
900 more In bonds were authorized, an,
S100,000,00O in Treasury notes; and by a
act passed day or two subsequently, SO
600, 900, in addition, of demand notes; and b
the act which has already passed this House
is now pending in the Senate, and will prob
ably become a law in a few days, 81 80 900, 90
more of illegal tender;' making of authorize
indebtedness In these two forms a grand ao
gregate of S1,O1O,O00.O 900.
And now, sir, for the purpose of arriving q
a fair estimate of the daily expenditures
the Government, propose to take the Arm
as the test or standard. According to til
statement of the Adjutant General of Ma
2l, 1862, furnished TO the chairman of tn
Military Committee of the Senate, and tn
report of the Secretary of War in Decembe
last, the number of men in the regular an
volunteer forces on the 2lst of May was 637
9Ss, divided thus: regulars, 20.334: volunteer
4 617,654. On the 2lst of May there were j
these two arms OF the military service, 2
maior-generals, 2O7 brigadier-generals, 20
staff officers, including brigade surgeons an
additional paymasters. one retired Leutenar
General drawing whole pay, and full quot
I of officers attached to the department of tn
Adjutant General, quartermaster, subsistenc,
pay, ordnance, Inspector General, and med
cal departments, and the corps of engineer
and typographical engineers.
Now, from statements made at the pay o
fee, present here sum total for pay an
subsistence alone. including forage and SCI
wants, of the regular and volunteer arm,
amounting to S17.290,916 ~ month, bein
at the rate of S207, 7,49l 900 year, and $50
363 a day; and this, let it be remembered, ft
pay and subsistence alone. What the actu
amount of other expenditures for the Arm
are in full, it is utterly impossible to learn,
advance of actual returns, which cannot
had for some months TO come: but have a
certained the proportion which pay and sui
sistence bear to the other expenses in time
peace, by the actual expenditure returne,
and in time OF war, by estimate for the pre-
, ent year, and | find 1t TO be exactly two-fifth