The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1868-10-16
Osss. Finassctas Cos.dtftoss.


Osr Financial Condition.
Not long since, Mr.. Wells, ofthe United
States Treasury Department, published TO
the world, for purely partizan purposes, a
statement pretending 70 show the condition
of our Governments finances The absurdi-
" Of Mr.. Wells figures was pointed out by
many Of the leading Journals Of the country
Immediately on Its appearance, and by none
more successfully and clearly than the Ma
tioadJ InteUigencer; but notwithstanding the
apparent inaccuracy offhe statement of Mr..
Wells most of the Republican journals Of
the country are even yet holding this Wells
statement to be the true condition Of finan-
cial affairs, when in truth and In fact, almost
every item in 1t is conclusive of its miser-
cradle absurdity, and that OF bestit is bat q
weak attempt to deceive. 2rA aat
The truth of the whole matter has just
been brought before the public by the state
!, ment of the Hon. Alexander Delmar, in an
swer to letter addressed to him by Henry
Grinnell, Royal Phelps and Wilson
Hunt, Esqs., asking him to furnish the exact
truth in the premises. This statement Mr..
,Delmar gives, and by it shows deficit at the
end of the fiscal year., June SOth, 1869, Of
s154, 1886, 9Os, which is to be added to our al
ready enormous debt gms3 Saiw6i r
This is no speculation or theory of Mr..
Deimar. He gives table of the receipts and
expenditures of the Government for three
years, in which he includes the total receipts
Of the register and treasurer as follows -
For the year ending June 3Oth, 1866, $685.
75S, 1888; for the year ending June 8Oth, 1857,
$3.50, s49, 172 for the year ending June Both,
1858, $3.50 $685.
From the same statement, the expenditures
for the same period Of three years appear to
be as follows: For the year ending June
Both, 1865, $57e, An, 1903; for the year ending
June co.,, 1867, $685., 444 ,291, and for the
year ending June 3Oth, 1868, $414,91S6O4 -
This statement 10 made up from the reports
d of the register and treasurer, and from the
finance reports for the same time above
stated. Mr.. Delmar's tables show ex-
penditures for the present fiscal year under
appropriations Of Congress, to be $475, 959,-
204, without including the post Office def
cheney of 90, TOO, 900 !; and also the estimated
receipts for the current fiscal year to be
1891, 6S0 900, leaving deficit at the end Of
the fiscal year of s154, sS9, so2, to be made up
from increased taxes on from loans.
A contemporary winds, up an able article
on the subject of the Government finances as
follows: 1890
The actual balance in the treasury on the
list of July, 1888, was $105, 1874 487, and up to
January he estimates the receipts will be
$135, 0O0, 900, exclusive Of premium on gold
sales, making total Of f240, 694, 437 while
the expenditures must be $212; ,804, Of
which $63, 900 coo will be interest on debt
. The balance In the treasury on the LIST of
January, 1850, win thus be but $2S, PAT 1888,
(which seven millions will consist of trust
funds, which the Treasury cannot use; and
from which the post-0ffice deficiencies for the
half year, amounting, probably. 70 about ga, !
O00, 900, and $583, $50 81 Of, private appropri-
htions, most of which viii be paid by that
.tine, must be deducted. Such Is the state OF
affairs, which Is shown TO exist by the most
thorough and exhaustive exhibit Of the pub
lie finances which has been given by anybody,
and the author Of which was thus referred to
by the Secretary Of the Treasury, in his an
nual report for 1866, when speaking ofthe
appointment Of Mr.. Delmar as director OF the
statistical bureau :gss paet.35 k9iiaEa 20
s,sdr. Delmar deservedly enjoys d high rep
iuiation as statistician, and It is expected
that, under his dfrection, this bureau win be
Of great benefit to this department. and to the
country lft 70 zke1E 10 kEoaEg .
iAgainst the reckless legislation which has
resulted In the prospective deficiency that
stares the country IN the fzcewe have often
vainly protested The trneIcoursc, % we
have never ceased toturge has been to stop
the sources of extraYagant expenditure by the
adoption Of q policy which would restore
mutual confidence, and, with II, peace and
prosperity 70 the country, thus rendering
unnecessary the heavy outlay for large stand
ing armies, ffeedmen's bureaus, and the other
costly paraphernalia ofholding the Southern
States In military spbjection. To cut down
expenditures was the first step before redu-
eng taAatlon. n woiiag sftiis sifalma
4ssfas fsfas