Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1862-12-19
EisHM rEk: GNgEEU STATES.
REPORT or TUE vINEEE Score
TARI or TRE ThSASUki.
TEE4sraY DEPARTMENT.,
IIsc .Itb ls,a

- y
Sir;-ln obedience To tas &C, which rs-
qulrcs the Secretary Of tho Treasury To prc-
pare and law before Congress, ct the com
mencement Of every:s-ssion, report on the
subject OF tinauce, embracing eItiuiates of
receipts and disbursements andesnlans OF
revenue, he submits, respectful sths, fo3iow-
ing views aud statements: S as'sS
Tho hreaEing out Of lho 81 iaiug rebellion,
soon alter the iucolnins O! The presenl ad-
ministration, dunauded the emplovm.nt of
Sill necessary meaus f:r The preservation Of
the territorial ,ut"t7i.y Il lhu Republic and
Tor tho aaiTtrnRnce Of tbs constitutional
supremacy OF tic '-;inle pecp!a, through their
-Aatl"nsi TnTs!EEtnGt, over every Srn.o and
every citizen.
L. sG.h"r;Es aud pSescrihs The olip,oynent
of these Hs"aas' a'as the peculiar prorince OF
Cpnsr~s; so osI! fcrth a..a dirsot ;li- armed
io'ce, which might bo authorized, belonged
10 Tie President, and, unGev hIru, to the De.
psrt'Isnts oi War ans: al lao Navy; wbilo 80
prnV;de the maens 70 meet authorized exben-
ai'ufes in its sn,p:oy t7rnt davaired, Under
tns ieglsIat,ou of Gsasress. end she Gigees;as
Of the PIssideni, on the Secretary OF the
Treasury.
VARYING czissnc;es hsvs rsquircd aast4sd
iaes:auias and lsGtSsitste6 uSaatirioatsd ex-
pssnltures- Estimates crrrec; eseu mad,
Ea:e I've Il Icndcrro inaccuI.ra by changed
ci elE..t4ut-s. Such cnndluous always ~
ts.d was, VIE. h=I external q civil, and 80
ctuid Get Dope L, tscaie lh.u,.
Ii j. ilor, thsreio"e. InA:ter ut au~pyiss that
the eslmatos su.r:It.rd IL Jnly, lool, for
rhs yes- ending on lhs SUiE cJ ju,e, 1852,
were eScesded by tie actual expenditures, o..
,Est those suhnitted in December, for fhe
wear which w,l end on tha 3Oth of June,
1868, ME- probably be, III like manner, sI
cse'sd.
The estimates of the Secretary mast. ,s
':cs.,Arily. he derived chietlV from informs ton
furnished by otter heads Of departments; and
this 'll"tul..ip", aflu,led to existing and pI o
ai.ie c,tcn",ata,cHs, canuot possibly sntici-
nase all the ''nsSituGes at war Vi IF 'egisisticr
THAT, tho estimate, for ths lsss fiscal year,
suhu,ttet at the Jnly Session of 1861, vera
based on estimates pf thv War Department
!or sn army. Including regulars end volnn-
teers, OF three hurdred thousand nen !; aud
from the Nay department, for a naval torce
quite iuconsidel ablc in comparison with that
afterwards found to be Indispensable. CON-
gress, thinking the proposed military force in.
adequate, prov ded. for vo;udseeT army &
live nundrsd thousand MOI, b:sidca regular
troops and special corps. uulr acr:n". together,
over fl,tg Thousand. and also far considerable
additions 10 var.cus corps, and :. isree Increase
uf u.y AID ratiuns. The estimates OF July
rsquiItd, OF c3u:as, co-rlc,ion in DecenheT.
So, fi::o, lie sa.!'usteS for the current fiscal
yeaI, ,sn :.a,l.ei q, tie last zessonw. framed
j., Substantial accordance with information
furnished by the ssperai departments. Tho
liz cassitiss Of the Har. hoToror, rendered il
sSpeiient in tts jua3a;'at III tire Executive
4pi cf Congress 20 cali fnr .h.=o hundred
:!,oasaEd men IA 1dd,ton TO these. The as
.i1ia'<S, of ccrTs", u,uSt again prove iaads-
luste.
Tba increase If the sImy, however, did rot
greatly effect dishurssibcu,s between thu date
Of thu DeceInbsi report and The close of the
then rurront dsoal year. Tbs increase Of
debt, therefore, d!d not excede the Deeemhe.
.stir;nte. On tee Contrary, white tbs cst>-
Nate antiepate.. publin mohs on tha 30:h ot
June, le62. Of s5l7,372, eo2 SO, its .ctual
amount ON tho: dsy vaa s5l12lI,37l o.
THIS aucupt, OF course, Goes not include W.
a,ueftsiued claims, but only that 6cbt, ho
egttc1cas # which syis; in the treasury. uron
lis tphks. O. il li.e form Of rcQu!s:ian. in
favor oi c:SGtSorp, Gr CT 1iH6nrs ny ctfi:crr.-
II IL not proiaols, however, traE It 1hs date
ns;i.ed, theae claitls much, ii all, exceeded
tho balance II che treasury, namely ::
al5.045.546 81.
But while tho nutlic dabt on tho il. ;.t
July, 1862, did no: reach tho amount sn1iei-
pated by ths estimates, there is no room for
the pleasing t:nte shat tbs results of the cur
reDt ESc~l year Of The nsyt will exhibit
similar p,vpnrllpM. Oa The contrary, tho esrl-
mate OF ths puniic dabt On tbs lst Of July,
1853 heretofore submitted. nnSt now &c sd-
vsicAG. il Tiesr VI :l.e unexpected increase Of
expenditures, authorized and incurred OF
hkely TO b. incurred, TO sl,l22, ,297 ,4US q !;
sld ou tbs supPos;::on that the Har may bs
cor,ilued c::,' urdlnl:nsGei disbursements
until the lst 81 JUG. 1854 the debt likely To
have bern then incurred must be estimated At
4l,T44,6S5,3S6 So.
Ii me- been tho c4ro cf tho Secretary to
reduce the cost OF The debt, in ihe Io1in Ct
late1e.,, III ths lowest pnssiale amount, aud
i is h source u! I,si Satisfaction 10 him that
ho has sssu aoie, t!.ea fzr, TO cnnhns it with
n Tt.y hGderaee Tn:lts. The first loabs be-
ing e msgnitude hilhsrto undrsamed of in
terest which he regarded as high, though
erde'a sjrenuouslY insisted on higher: but
large amounts ARG now cHtained at hTs and
four per cent, while she circulation Of Uni
ted S'a'es notes constitutes practically loan
from tho people &c their Government without
ia.srsat. fie saersse rate on the whole loan
Is tuus ,e1u-ad IL SIS per c=rt Whe:ber
similar reeul: may attend tituru loans 1uust
o. determined pa,t!r tr the legislation Of
Congress, partly D. TIE conduct Of the var,
and y.art.y hy IT.. conAition Of tie c,srkets
for money
Tho statements nj the SEXUAL and estimated
receipts and expenditures r tic lust spd tho
currDnt fiscal yssC: 10 csrnparison with thoao
OF the pece,nbtr report, mist undergo rncdi-
t;srionH similar 10 those OF the pubic debt.
Both rscripts en': expenditures for the cur
rent and tie following year will Do increased;
tha former hy the rrsrat,ona Of tne augment
ad ta!;tf and OF Che :r.srnal revenue, ard The
latter by thc cxiGencic5 OF war.
TIE sggregsto receipts Tor the fiscal year
1862. from al sources, including the balance
of e 2.2257 ,uC5 50 in ths Treasury from ths
yrecedlug Year, wcrs s583, 3,885,247 06; and
the asg.egahi expenditures s570, ,54i,T00 25,
Leaving ,,a!auca j.. tho Treasury on tie lst
day o! July, 1867, of i3,ols 545 81 From
ths receipts an from the expenditures Ghoul5
be dodnrtsd the snounts both received and
disbursed within the year on ac-oun: ci per
inanrnt aa' temporary de5;, amuuoting 20
sqS 0s6,e22 O.: !erving tie tctsl receipts not
nrpiird in payment OF dea', S497, 7,7Ss,324 81,
sod the tnt,.l o. onr:srt disbu ursolain:s,
ei14,T44,77T8 l6. is tha 1G.ourt Ct debt, SO
slao lhe am1unt of ths expenditures for the
last Tesr fails shori oflHe estimates.
The actual receipts for the first quarter OF
the fscal year 1865. commencing July /, 1862,
appear from rhs books u the Treasury; the
receipts for the th.ee reuainlng Quarters can
.,nly ha es:il.aty;, o;. :ne basis OF a,,nTo,ria-