Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1863-12-17
s464 I57,567
The Public Debt.

Sl76 92 the aggregate Of ordinary receipts and ba
lance from last year. amounting together tn $40 25 500
which gives the increase of debt 1929 432 To this
If there be added the yet be provided by loans
$464 l57 567, the result will be 1894 900 000 from which,
there be deducted the estimated balance the 1st of
july 1884 s. 1886 $50 the remainder will be 1888 1863 AGO.
and will represent the total increase on the basis of these
estimates OF public debt during the year The debt on
the lst of July 1863 09S 1913 49, to which if this
estimated increase be added the total debt the Of July
1864 will be 81 $50 956641 instead of SI7446s5 $50
as estimated IN the report OF last December
Ii is not certain or perhaps prob be that the actual
expenditures actual debt will quite reach the
estimated. Indeed. if the expenditures for the
6rst quarter $l76ll0,932 and the ordinary receipts
456 for the quarter be taken rs the stand
ard the total expenditures Of year will be S7O4 729
and the total receipts $163757 s24 To these receipts if
the balance the 1st of July 1853 044 be added
IT will make the total ordinary $69 0S6 S6S;
aud the subtraction Of this from the total expend
lures will give the whole amount TO be provided by loans
during the year $685. 1856 Sol. This will there
fore be- this hypothesis the increase Of debt for the
year. and added to the debt existing on the Ist july
1868, will make the total amount the Both Of June
1864, 81 634 ,150,042.
Ii is not impossible that vgor in the prosecution of the
aud economy every branch Of xpeudure enforced
by wise legislation, may reduce actual disbursements aud
Consequent increase of debt below these figures and
certainly few things be desirable than such
reduc ions.
Estimates for the merit Fiscal Year
In addition to the estimates for the current year lust
stated the Secretary is required 10 submit estimates Of
The receipts and expenditures Of The next fiscal year
These estimates always uncertain must in the prese Mt
condition of the country be less reliable than usual
But the secretary is encouraged to attempt them by
the circumstance that the estimates for the fiscal year
1854 submitted in his report Of December 1862 are less
materially modified than might have been expected by the
actual receipts Of one quarter and by the probabilities
affecting those Of the other three and the general result
more favorable than anticipated.
The aggregate receipts for 1864 estimated in that
report at 1923 OBS 000 while the actual receipts other
than from loans for the first quarter and the OF
expected like receipts for the remaining quarters
stated Mt only $I61 sos 500 in o the large
deficiency in ths receipts OF internal revenue On the
other hand The aggregate expenditures estimated
last year at $S45 Alb 1888; and estimated the
basis of actual for part and Of estimates the
remainder Of the year. at 1855 sos 500 The subtraction
OF receipts from expenditures shows the amount now
estimated required from loans for the year 1864 to be
1924 600 instead Of 1913, as heretofore est
mated. The figures show that the innate Of expendi
lures now S59Sd46s3 less than the estimate Of last
year that although the ordinary receipts ~ now est
mated will be Sol ass 400 than was year
ago. still the increase Of debt will be 25 1888 1873 less by
the present than by the former estimate which, should
be remembered assumed the debt on July l. 1863 at
22 297 403 whereas 10 fact it only reached nj thai
date the of 81 ,09S, i9315l
With these illustrations OF the uncertainty Of estimates
Tor year which - 10 commence than six months
alter the making them and without PROCESSING any
guine expectations that the estimates now IN be submitted
will when tested by experience prove like the Last less
favorable H. the country than the sctua results Of admin
straon the Secretary submits the required statement for
the 6sca year 1865 founded the estimates &c their pr
bable requirements furnished by the vera
aud what seem to him probabilities concerning the re-
ceipts rom ordinary sources of revenue
He estimates the probable receipts a. follows.
Estimated balance, July J. 1854 $3.50 500
FROM customs 10000 600
From internal revenue Ig5 600 400
FROM lands 900 900
From miscellaneous sources 100000
Making estimated aggregate receipts S2O6,536539
And he estimates the expenditures as
follows: