Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1865-09-07
aseftll 9ufosaIatiotl.
THE NATIONAL FINANCES.

sI1G NAI1SISAh. .ElNANSItSos
Mr. Secretary McCulloeh has recently
furnished statement of the National debt,
as itsteod fifteen days ago. The amount
then outstanding was S2,757, ,253 ,275.-
The debt bearing interest in coin is ST.
10S, ,622, ,641, on which the interest is S64,-
2l,837. The debt bearing interest in
lawful money is 81 ,2so, ,156, ,545, on which
the interest is ST., 740, $50. The debt on
which interest has ceased is s1,527 ,129:
The debt bearing no interess Is s357, ,906,-
$50. The total interest, both in coin and
lawful money is s139, ,262, ,46s. The total
oflegal-tender notes in circulation is $685..
236, 1859. The amount Of fractional cur
reney is $25, 10000. The amount of coin
in the Treasury is s75,338, 600. Total
amount Of coin and currency in the Treas
ury, SILT, ,73s, ,632. ~.
Stupendous as this debt appears, there is
nothing in its proportions to occasion APP
prehensions of either possible or probable
reputation, if prompt and energetic steps
could be Immediately taken to reduce our
national expenditures. Of the 100000
troops who were under arms in April, 700,-
600 have been mustered out of service
but between 259000 and 100000 are still
under arms. The estimated expenses Of
the Government are still nearly $50, 900.
600 per month, or, in round numbers,
$500, 600, 600 per annum. Indeed, it has
been computed that the expenses of the
Government from the 1st fof July last to
the Ist of February, 1856, will amount
to S334, ,000, 900. The probable expenses
of the War Department are placed at
$500, 900, ,0Q0, 600, and those of the navy at
s4O,000,000, or s240,00o,000 for both
branches of the. service for six months
Our receipts in that time, it is estimated,
will not exceed $a96, 900, 900, which a.
mount falls short Of meeting the expenses
Of the government and the interest on the
national debt together nearly $40, 900, 900.
From this it will be perceived that, as peace
now prevails, the expenses Of the army and
navy might be easily reduced $40, ,000, 900,
which would leave handsome surplus OF
$4,000, 600 in the National Treasury on
the Isl Of February, 1865. ,
The available resources of the Federal
Government, pending the period to elapse
before the action Of Congress on that sub
ject, which cannot occur before the 1st of
February next, is subject Of interest at
the present time. The following extract
from the Chicago ari6une assures Us that
they are ample. The national debt will be
increased somewhat, but it is reasonably
certain that no serious embarrassment can
occur for the want of funds,
The amount of gold now in the Treasury
ia about S36, 600, 900, and of balances in
the Sui. Treasures to the credit of the de-.
partment about $50, 100000. Here is an
aggregate of actual available means for the
coming six monthsas follows: Loan, 1884,.
s0o0, 0,o0o; revenue, from all sources, asleas,
SITE 200, GOO; cash on hand, $50, ,000, ,000
being total Of S42s, 100000. 7 must
again add that not few gentlemen in po'
1.sition to knowingly judge of the revenue
receipts during the period to the 1st Of
February, put the amountat over $500, ,000,'
900 instead Of SITS, ,000, 900, which figure
Iuse. TO aggregate Of S42s, ,o0O, ,ooC
must be added, as part of the capital with
(which the Treasury can be managed during
the fall and winter, the authority to issue
certificates of indebtedness without limit
I. OF esurse Ii now becomes important t.
inquire what bills the department mns'
meet prior to next February. On this head
/ preface by saying that the aggregate es'
Inmates for the whole fiscal ysar ending
with nextJuue, are but about $3.50, ,00o, ,oOo
The main item in this estimate Is $4aD,
000, 900 for the War Department-for the
whole year remember /; or say for the intsr.