Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1868-10-09
The Condition oflse Treasury.

AI- Delmar's inaccur-ta and Unauthorized
statement Of the receil-s .nd expenditures Of the
National Treasury, s.s drawn from Hon. +. B.
W,shburue, Chaic4.s.a Of the Committee on Ap-
preparations Of he House of Representatives,
careful statement, drawn from the official rec
ord. Of IT,. Treasury Department From these
he shows that, instead Of a deficiency. there will
be : ,.,rplus. The customs receipts for the first
quarter have been, at New York alone, S3&,-
IS. 800 in gold, and at other ports "a quarter as
much. making total for the quarter If about
o.. 81. 900. or Sl7o, 900 900 for the year. A.
the bulk Of our importations consist, II articlc-
90 general consumption, such as sugar molas-cs.
.,.. spices, drugs, ami the like. there Is no dam
-sr Of these items Of revenue falling off The
r.tc.aL revenue reoeiV,s for the past quarter
arr over $40, 000. 900. or more than SlGo,o0O,-
Oh \ year and soon as the new law for the
co. ectau Of saAes on tobacco and spirits goes
into effect, hey vii be increased still more. the
returns TOR July indicating that the collections
from spirits will be double what they We're last
year. From miscellaneous sources, including
premiums on gold saI, Si5.000,o00 Will he
realized so that the total revenue from MI
sources up TO june 80, 1869, vii be $685., 0lo-
oop The expenditures last year were $500
op1.pno, which included Sl4,o0o,ooo of inter
ct m the compound interest notes, S1oo1a,Uo1
Of State claims. nearly S3.oop,0oo FIR The
Freedmen, Bureau, and over S4,Olo,l0 for
extraordinary expenditure on rivers and har-
bors al Of which, amounting to 81 100000,
will not have to be paid again.
ON the other hand, the Alaska appropriation
will take s5.25o, 900, the pensions viii be s.
10000. and there viii be a deficiency Of 50
coa,o,0 in the Post Oficc department, in all
sAy $1,000. 900, which were not included in
last years expenditures. This, deducted from
So. 00p.o 3o. leaves saving Of sic, 900, 900 on
the outlay Of last year. and as the revenue VIII
he within s. ,o0o, 600 Of lasts year expenditures
there will be surplus this year of Sll 900 900
In addition to this. Mr. Washburne says that
there viii be 81. zoe 900 les expended on the
army, and proportiouste reduction in the ez-
pens,, Of the navy and Of the civil and miscel-
lencous departments, so that We shall have
altogether sol 900, 900 in cur favor on the years
transactions.
The statement says: '' The aggregate Of ex-
pelditure, above given would indicate a max
imum expenditure for the current fiscal year Of
S30S, 262. 800; to meet which a revenue Of $50
O00. 900 may be relied on.
Congress has done it. whole work as regards
retrenchmcnt, and if it, directions, a. expressed
in the appropriation bills, are not wholly disre-
garled by the executive authorities it j. absolu-
tely certain that the expenditures viii be even I
much less than those above given.
1t j. perfectly evident that making all .
allowance for deficiencies, and an unusual expen-
dture Of tapping" appropriations, sufficient
revenue has been provided for all contingencies.
and that taking all things into consideration,
surplus revenue available for the reduction Of
the debt. or a further reduction Of taxation, Is
far more probable at the close Of the current fs-
cal year, than deficiency.
1t i. understood that Mr.. Wells, the Commits
sioner Of the Revenue, is preparing an extended
statement, which will further show the dishon-
ssty Of Mr.. Delmar's report. /,