New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-12-11

For Interest: en- public debt... 4'Ie',o-o %
.,.u,, s,,sns,,u,c. 70, frs,
FOR the remaining three quarters tho
estimates, founded on aplToif"'ions
and estimated deficiencies. are US ior
lows: o,oo-, .,
For the Civil Sc s27 osot7l y
For Pensions and lndisns.. o'l2soaz 20
For Navy neJari nent..., siso,s1a -
For interest on puohc u'o'''' 1870 Gsssl OF 90
Mnarr ,Ual oi 90
But as these estimates incrde al unex-
pended balances Of appropriations nom
former vtars, they ero necessarily mhcn
too irce and there may be safety DC
Quoted from their aggregate, as hey 10
rerain uney peudcd at the clGse OF tie ms am .oo IN
col the sum oi...'s..'..'''.''''' "''oV''V "
Is rsnga sre for $40 o ~
ne total Of esrendiiures being deducted
from the total o; receipts, there will be an
e..ilna ed basuce o the 50th Of June, 1854 .. r..
S''''''S' %
From III. statement Il appears that Tie total
receipts re luirrd fct the probable Gishurse.
Sess .. !, us +. ? slo.. viii smo"n, s7n 800 IS
or which there have been provided aud sp- ., 10
Piled during the hrst quaei' iol4V'S "
I.,vns,o be proyided.............. e3ssts7 567 81
OF which Il is estimated there viii be Z
cevod from ordinary sources during the $1,000. ..
thrVe oheg quarters ii'oVN"NV "
r.,v.., v., to be provided nv io.n. s4e4 81 80
The amount of debt created during the quarter is as
certaincd by dcducing from the total expenditure
clio 10 e32 &C. the aggregate Of ordinary receipts ana
balance from last year amounting together 10 ~
500 IS which gives rs The Increase oi aeo'
40 IA To this sun. fthcre be added the sum yer 10
be provided by loans s46i 49, 67 - the result VIII DC
% OQOOO rom which II there be deducted ne est
IA ated balance on the Let Of July, l'o4 g. 10 as vs.
TIE remainder will be s5ss 6j 900 o. ard will repre-
sent the total increase the basis oil these estimates
of public debt during the year The deb. on ne ISL OF
ieiod increase he added the total debt on the lskH
July 1904 will be s6s6 95664l a. instead d a.. ~
Il $50 80 estimated in Tie report Of ssi December
Ii is not certain perhaps probable that tie actual
errendturos or actual deb, wiz quite reach tie amounts
now estimated Indeed, II tie expenditures Tor The inst
quarter. &l76, hose ~. and the ordinary receipts
sac q59 456 H. for the same quarter be taken G. TIE
standard the total expenditures Of the yer viii "
s5O4 4iJ729 81 and the total receipts Sos 10 - o.
S. 1904 81 he oddod IL n make Tie total Ordinary
resources sGg Geo c6s a. and TIE subtraction ~ this
sum from the total e1aendiiuTes viii give tie vhol.
amount 10 lie provided by loans during tlc year IS
sa35 $50 SCI a. This sum will therefore Doc. this
hyuhes the increase Of debt for the year and sddcd
10 the debt existing on the lat Of july lsC1 VIZ MAKE
tie total amount On the 3Oh Of june. iso4 sIOa 10
/, is not impossible that vIror IN TIE persecution q
the war ard economy IN every branch OF expenditure
enforced 10y wise legislation. muy reduce actnI dh
hursecnts and consequent increase Of debt beus
these figures and ceraiuly few things Gun DO more &c
! siiehlc than such reductions.
The action nccCsafy a. these results IA not however
except as 70 the comparatively III expenditures OF Tie
Treasury Department within the sphere es ned 10 TIE
Secretary IL therefore lreicrs 10 accept The esimacs
OF tic several Depai ncAts and tic oc'unl nlpruFr
lions by Congress based upon them. dcduoing OILY tai
proportion which experience has indicated "a Ac! 10
remain al balances pended the close - tie
lie thinks too tAat prudence tclrl - adherence
10 tie TLo he prescribed 20 hrs 'lf nom The hrft Z"
oyefs;Gi.ug rather than undertaking tie burdens ere
stca hy the and the demands thence arising upon
the resources Of tho country lie las .onght to AVOID
e1agceTsilon on both sides but De Las Thought II more
prudent 10 excite little too much Apprehension Van to
ercournge 10 sangGinc hopes The real dihc4ics
I sd and the
great not 10 warrant earnest demands on al tie fcsou
ion oil the energy all the wisdom, aud III the economy
which The .tsonsest 'a0'0A'3 ~ ''"
In addition 10 the aa,os for the current year ns
the receipts end ex erdurcs 81 tie next fiscal ycnT
These estimates always uncertain. ngs ~ no pf,lrnt
Il condition q TIC country DC even hss ie. 20 Ian
Bsi the Secretary Ia encouraged 20 a''emp, them by
the C4rCgusaLce that the estimates Tor TIE Lsca year.
l-ts subu !tted ID hs report - December l@2, rl.
ess materially rrodihed than might have been p,ctcd
by the actual receipts O! quarter and ly tie pro5A
bintes affecting those Of the other thsce aHd the gen
eral result h more favorable than lniic paitd.
The aggregate receipts FOR lsti were iiuiatea "a
that ,OTl s2J t5Ot0. While tie actual receipts.
other lan om oans FOR the fstGuaTicT hd The ngfre
Of psccd Ike receipts ioT the remaining qliIs
are stated at only So, c 80 80 Ia consequence
Of TIE large deficiency in the receipts 81 -'trnl rove
nue. On the other hand tie aggregate e1peldlturcs
ere estimated last year at se45 49, ls3 3D. aid are
cstimBted he basis OF actual returns iof pTt
and Of estimates fOr tie remainder o! the YER. az
! -
pcndltures shows the amount now estimated ns required
from loans for the year lcof 10 be SitcJt 30 instead
Of s622 3-s le3 20. heretofore estimated lheso
fgu show that the estimate Of Expenditures n0g
$50 "a 6e3 q less than the estimate OF it year;
that although tie ordinary receipts low estimated
viii be So 49, fs9 ~ lees than anticipated year
ago still the Increase Of debt will be e2s 81 l-' 30 less
ly the present tlon by tho oi er estimate. which. II
sloud DO remembered, assumed tie de l. o. july J.
1868 at 81 l22 xn 400 "a. whereas III fact II only
reached at that date. the sum OF clos. ~. ia -
With these illustrations OF tho uncertainties u esi
mates for n year. which Is 10 cOnGcncc more than sN
months after the making OF them and without profess
ing any sauguine expectations that the estimates now
10 be submitted Will when tested by experience prove.
like the Inst less favorable % the country than the nc
iua ults Of administration. the Secretary submits
tie requ cd statement for tie fiscal year it5 founded
on tbs estimates Of their probable requirements fur
usheG by the several departments and on hat soen TO
him probabilities concerning receipts IRON ordinary
sources 81 revenue.
| lie estimates the probable receipts A. follows
Fstius ed balance JOY lhe........... r3tWsl9 81
Prom OBSERVATION-DISCLOSURES. sODpoOOJ "
from In. i25, ~
From lsljs INlrp W
Prom OBSERVATION-DISCLOSURES. t0sJgo -
Maxim estlfnied agyregs'e rec-ip's. ~26gD 5ss ~
And he Is ifnates the expenditures IA follow;
! Estimated balance Of former sppfop nsons
uneIpendej Jolly l. I5Ct................ $40 ocn a.
For tc civil service. III ia "
F,r Pen.ion. and Indians st1l3 u
FOR the War Department. o.. k0i "a Y
For the Navy Depsrtue Iss,,lb - ~
For inre. On public dobt.............. IS Js5 On is
Making the aggregate Of estimated eIpcndi
1871; 90 eG