Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1869-06-18
THE CLOSE OF THE FINANCIAL
YEAR.
rFron the Ny Post.l

FROM EDe N l. EOSL-
The current financial year of the
United States will close with this
month. 1t is already possible to esti-
mate, with a near approach to exact
ness, the entire receipts and expendi.
lures Of the government, as they will
az pear in the next annual report of the
Secretary Of the Treasury. Although
the accounts are not yet made up, il is
certain that the result will be very near
ly as follows;
FROM JULY 1sT. 1865 TO JUNE BOTH, 1869.
Receipts from all sources...........Sa6 OOO, 900
Expenditures, including interest
on the public debt....................... @ 900 600
Surplus applicable to reduction OF
52,OO0,oOO
1t is Interesting 10 look back, in this
connection, to the discussions on the
prospects of the Treasury which formed
so large part oftne polltica1 debates OF
last summer. Il viii be renrm bered
that Mr.. Seymour issued q letter, early
in the canvass, calling on his friends 10
press ''the financial question" and set
The example by prOclaiming that the
army alone was maintained at a cost OF
some S240, 100000 per annum. They
Obeyed him, aud procured from Mr..
Alexander Delmar, then director OF
the Bureau of Statistics Ia the Treasury
an elaborate series Of predictions, which
were cited and expOuDded by the DEM
Ocratic orators and press with the re-
weren't trust due only to an inspired
prophet. Mr.. Delmar figured mp a Ger
tain deficiency for the year of $l34, ,OOO,-
600. His estimates must have a singu-
lar appearance, even in the eyes Of bis
friends and himself, now that the par
tisan passions which dictated them
have passed away.
The estimates for the year made by
The Special Commissioners of the Reve-
n all
fully confirmed by the results. His
figures were;
Receipts from all sources. ........ss6, 200 900
Expenditures, including tnteTest...S26, 800 200 |
1t is noticeable, however, that while
the democratic papers criticised Mr..
We1ls's estimates as absurdly sanguine
the sctnal results are still better. Mr..
McCulioch himself set the expenditures
at 1886, l52, 470-nearly ten millions more
than Mr.. Wells. But the COmmis-
siener's figures are now proved to have
been remarkably accurate, with lust
that margin Of allowance on the right
side, for Unforeseen circumstances,
which craftsmanship demands OF statis-
tics.
Il is now unoficiaIly announced. the
Washington reporters say, that depart-
ments will ask for no deficiency bill
next year. This important result has
been gained BY attention TO economy Ia
ADMINISTRATION. The expenses Of this
year, given above include the deficiency
bills for last year; and, If these hither-
to constant legaoies of Wastefui ness are
now stopped, the apparent expenditure
for this year is too large, really inolud-
ing considerable balances from the
past. It is not unreasonable TO hone
that the expenses Of the next fiscal
year may, by President Grant and his
faithful snbordnaCes. be reduced to
$250, 900, 600 so that $50, 900 OF op-
pressive taxation may be repealed, and
If the receipts ale within S5O, ,0OO, 900 of
the enormoua revenues of this year, a
surplu viii Still remain to be applied
upon the Principal of the debt.