The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1868-10-09
Deficit in the Treasury-.-Official
Statement.

We invite attention to the official
statement below, which we find in the
National Intelligencer:
Various statements of Federal re-
ceipts and expenditures have heretofore
been published, supporting to come
from individuals or persons in Office,
but having no legal charge of the books
and accounts Of the Treasury Depart
ment, and no legal or official authority
to give any certificates as to such books
or accounts. OF course, all such state
ments are mere speculative theories, or
coniectural estimate, and are now
shown to be erroneous to the extent of
hundreds of millions of dollars. We
new publish the official statement of
Alexander Delmar, Director of the
Bureau of Statistics of the Treasury
Department. the only officer authorized
by law to collect and publish such sta
tistics. This statement, then. is exactly
accurate. being taken from the books of
the Treasury, and certified by the only
officer charged by law with this duty.
1t will be perceived from this anthem
tic statement, now published by us,
that the expenditures of the Govern
ment for the last three fiscal years were
as follows:
For 1866 .....................S 5l8.4li JOB p
For 1867 Observation-Disclosures 92 .444 ,291 "a
For 1S6I-S. Observation-Disclosures. 4l4,9l3,6U4 w
These expenditures for the last fiscal
year were not actual war expenditures
but were those made in time of pro-
found peace, and in the third year after
the war. and when its great incidental
expenses had ceased. This statement
also shows that our expenditures are
increasing, having been 800, 1921 So
greater during the last fiscal year than
the year preceding. The greatest mis-
take in former unauthorized statements
was, in emitting from expenditures au-
thosizcd the sum Of S144, ITS, 462 %, be-
ing unexpended balances of former ap-
preparations.
The expenditures specially authori-
Zed for the current fiscal year will be
1882 ,059.202 %, thus showing an in
crease Of expenditures in the current
fiscal year ending June Both, 1869. the
! fourth year after the war, of S37, No.
sos Oh as compared with the year pre-
ceding. Here, too, we find balances
outstanding Of old appropriations, July
l, 1868. Sl50,4l7,522 II.
The receipts from all sources are then
given, showing "a DEFICIENCY on the
June Both next of Sl54, 100000" which
can only be supplied by new taxes, or
another increase of the public debt. to
the extent of one hundred and fifty
four millions of dollars. In his letter
of March last to the Finance Commit
tee. the Secretary of the Treasury APP
pred Congress Of the approaching dis
astcr.. but his warning was unheeded by
Congress. 1t is clear, then, that we
stand on the brink of precipice, and
at the bottom of the dark abyss will be
found, under the Radical policy, finan-
cial bankruptcy and national disgrace.
Indeed, nothing can save us from i'm
pending ruin but an immediate change
of rulers and policy. Elect one more
Radical Congress, sustained by a Radi-
cal Executive, and national reputation
is inevitable. The people can change
the position by a change of policy, as
indicated by the elections this fall
After that it will be too late. Great
praise is due to Mr.. Delmar for the
prompt and able reply which he has
made to the call made upon him for
these statistics.