Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-10-03
COS GREEsFOEAL DECEE E.-- PUBLIC
EXPESDITUREs-ESCaEAsE OF TIE
PUBLIC DEBT.

COS GREssEOSAL DECEEE--PURLEC
EXPENDITURES s-EECaEAsE OF TEE
PUBLIC DEBT.
About the time Of the adjournment of
Congress the infamous New York Tri-
5an7e and ali the lesser, lights Of villain
Jus Rsdiealism, made a fine point ia favor
Of their party, by showing the reduction
il public expenditures made by Congress,
and that the appropriations were $780,
100000 or more, less than those of the
year preceding. OLY-GAMMoN WASH
BURNB, of Illinois, too, who has great
ambition TO be considered the CerBerus
Of the Treasury, in a speech clarifying
Radical economy, God save the mark !!
said he had no doubt the Democratic
heads Of Departments would, at the
session In December next, be clamorous
for defciency-sppropriations thus, in
advance, lying for the sake Of covering
up the contemplate deceit of Congress,
resorted to for the purpose of cheating
the people into the belief that the Radi-
cal is the party CT economy, and there
fore, entitled TO re election. These absurd
statements OF journals and politicians in
the interest of Rsdicslism, created so
much confusion in monetary circles
North, that three of the leading mer-
chants OF New York-Messrs. HENRY
GRINNELL, ROYAL PHELPS and WILSON
G. HUNT-addFessed q letter to ALEX
AMBER DELMAR, Director Of the Bureau
at Washington, asking:
1-Whst hsve been the total receipts
and expenditures of the Government
during the past three fiscal yeaTs7
II.-What are the estimated expendi-
lures Of the current fiscal year? Whist
appropriations were demanded by the
Treasury? What appropriations were
granted by Congress; and when Congress
adjourned what appropriations remained
as available sources of authority for the
expenditure of money from the Treas-
ury?
III.-What are the estimated revenues
of the current fiscal year and in what
condition viii the Treasury be on the LIST
January, 1869, and S0th June, 1859, re-
spectiVely?
He replies to the first inquiry, that the
receipts were 81, SOC, 800, GIG u; and the
expenditures, 81, 1888. S34, 99S Is.
To the second he replies that the ex-
penditures of the present fiscal year viii
amount to 1882, O59,20 %; that the
Treasury demanded authority TO expend
s4sl, 4s7, 437 70, to meet which Congress
appropriated 1921 $50 600.
Thus Jthe Treasury endeGvors to meet
its current expenditures this year Ito SAY
nothing of naattred claims deferred, or of
the Posto6ice Deficiency, Il wW show a
Of Sl54, 3so POP 25 at the end of the
year, to Be obtained from increased tdres
or loans. Additional taxation is regarded
az impracticable, and there is, therefore,
no apparent way out of the present diff
Guilty, but to increase the public debt by
the issue Of more bonds. This the Treas.
ury has power to do, Entil the whole sum
Of the public debt amounts to 2.S27, 900,
its amouht at the date Of the pas
snge of the act of 18th April, 1856.
To the third he replies that the con-
dition Of the Treasury, on the frat of
January, 1869, viii be such as to show
only a balance ofs2S. 247, 6S6 10, of which
millions will consist of trust
funds, which the Treasury cannot use.
And that on the first of June, 1859, it
will exhibit a deficiency Of 1854, 900, 900.
Alated dispatch says that this truthful
ofDRLMAR's, bearing upon its face
evidences of its authenticity, has Gre
.ted among the leading Radicals at
Washington the widest CONSERVATION,
aud that they were resorting to every
possible to them to buy up, from
lnder-strsppers Of the Treasury, a semi
official contradiction Of 1t. But, as Mr..
MCCULLOCH, Secretary Of the Treasury,
has assented to the truth OF the state
ment, aud the exactness Of the figures,
The people may rest satisfied with the
and that nothing the Radicals
San DO will In the least affect q fact so
damaging TO their Interests, especially
before the Northern public.