The New York herald., 1863-12-11


Leaving the total actual and estimated ex
pendtures for 1864. 4................. $Ti9 131 900
Tho total OF expenditures being deducted
from the total of receipts, there will be an
estimated balance the 5oth June, 1884, of $685.
From this statement it appears that the total
receipts required for the probable disburse-
meuts OF the year and including estimated
balance its close will $3.50 sos 500
OF which there have been provided and ap'
Piled duriag tue drst quarter. I76, ITO 9S2
Leaving to be provided .s57s ,i57 5e7
OF which II Is estimated there viii be received
from ord,nlry sources during the three
other quarters lis 300 900
Leaving yet to be provided by loans. Si6i 1857 561
The amount OF debt created during the quarter Is ascer
tanned by deducng from the total expenditures $l76,-
1l0932, the aggregate ordinary and balance
from last year amounting together 2Gs 200, which
there be added the sum yet 10 be prov ded by
loans, S46i ijT 557, the result will be S59l 900 900
from which II there be deducted the estimated bal
anco on the lat OF July 1864 s. $50 ,j39, the
mainder will be S5Ss l63 800, ana viii represent the
total ncrelse the basis OF these estimates of public
debt during tue year The debt the st OF July 1865,
was 81 0os ,Ty3lSl which Il this estimated
he added tho toal debt the st OF July 1864 will be
81 1856 956 6il Instead Of 81 Ii 6s5 $50 estimated in
the report OF last December.
Il not certain, or perhaps probable. that the actual
expenditures actual debt will quite reach the amounts
es,imlted Indeed, the expenditures for the rst
quarter, slIb,llO.032, and the ordinary receipts,
os51 a56 Tor the same quarter, be taken as the stand
ard, the total expenditures or the year VIII
be SOs s,443 i72?, and the total receipts Sl63 49,
81 10 these reeeipts' u the balance on
viii make the total ordinary sid9 0s6 SGs and
the subtraction Of this from the total expenditures
will give tho whole amount TO be provided by loans dur
ing tho year as S535 $50 SOL This will therefore be-
hypothesis the Increase OF debt for the year and
added the debt exstngj tho LIST july 1863 will
make the total amount On the Goth Juse, 1884, 81 b34.
lj0,0;2
war. and economy every branch OF expenditure, EN-
forced by wise legislation may reduce actual dsburse
mens and consequent Increase OF debt below those
ror nj fpuvt la. eatrub
thsn such reductions.
The action necessary TO these results, is not,
however except as - the comparatively small Speu-
dtures tho Treasury Department, within the sphere
assigned to the Secretary lie therefore prefers accept
tho estimates OF the several departments aud the actual
appropriations By Congress based upon them defucting
ouly that proportion which experience has Indicated
likely TO remain balances unexpcnded at the close u
the year lie thinks too that sound prudence requires
adherence tho rule he prescribed himself from the
first OF overstatpg rather than undertaking the burdens
created by the war and the demands thence arising upon
the resources OF the country. lie has sought TO avoid
exaggeraon both sides, but he has thought II more
prudent 20 excite little too much apprehension than 10
encourage sanguine hopes. The real difficulties have
been are serious and the real burdens too sres
not 10 warrant earnest demands all the rcsouti all
the ener-T, uir the sdom and all tho economy which
the strongest representations sanctioned by reason could
or can bring into action.
REcKrprs AND ExrrSpiruREs OF NEXT FISCAL YEAR
In addition to the estimates Tor the current year Just
stated the sccetar IS required TO submit estimates of
the receipts aud expenditures u the next fiscal year
These estimates always uncertain must IN the present
condition o, tho country, be less reliable than usual
the circumstances that the estimates or year
1854 submitted IN his report OF december, 1872 less
materially modified than might have been expected by
the actual receipts OF quarter, and by the probab
ties affecting those OF the other three aud TIE general
sit u moro favorable than was anticipated.
The aggregate receipts lor 1884 were estimhei 10 That
report AZ s229 02j 900, while the actual teceirs,
othor thaa from leans ior the irst quarter ahd ihe
aggregate Of cxfeCed Ike receipts Tor the remaining
quarters now stated only Sl6l joS,O0 Va oonse.
quence VI the largo dec cncy IN the receipts ~ INTERNAL
revenue The other hand the aggregate expenditures
were estimated last year sS45 ii3 sJ and are now es
tmated the bass Of actual returns ior part and ef
estimates for the remainder OF the year, ~ ii555S 300
1he subtraction q receipts from eNpchdtlrcs show the
now e5tfnlted required from loans iOr tue
1884 20 be fp4 O0O 900, instead OF tZ3s-lsJ as
heretofore estimated. These figures sh11 that the
estimate of expenditures now $50 tSi less than
The estimate OF last year that although the ordinary
receipts as nov estimated vii be SOL 46 400 less than
ANTICIPATED wear stN The increase ~ debt VIII be
Se33Ss lss less by the than by the former ct
mate which, IL should bo remembered. as .umed the
debt on july 1863 az 81 t22 81 3O3 whereas IN fact
with these illustrations q the uncertainty OF estimates
for year which Is 20 commence moro than SIX months
after the making of them, and without profess NJ any
Fanguue expectations that the cstnae' sub.
m tied wiz when tested by experience prove IKE toe
last ess favorable % the country than the actual results
statement for the usa year 1865 founded on The cs
mates " their probable requirements iurnishel by hc
several Departments aud on what seem 90 him nrobibui
lies concerning p.s from ordinary sources ~ revenue
= fie estimates the probable receipts as Follows 49,
FsQmated balance, July 1904 ......,.... s5is'o hH
Prom customa tVgu
PROM internal revenue u, IVY W. w w