The weekly herald. [volume] (Cleveland, Tenn.) 1876-1888, 1877-12-06

t~iHoatiOus, ana river
ments aud aTsepals. 2,O72,OS7 4s s5,s27,9 G2 50
For naval establish.
ment, including ves-
se!B and machinery,
at navy.yaros- 8,s95,545 81 l9.eo4,454 40
public dS6t........, 4O,46e5so 90 5000, O53 70
Total ordinary ex-
peDditurvs...-.s. V,73O,VOb 90 l6l ,690, 1873 IT
From tho actual receipts for the frat quarter Of
the fiscal year aud tine estimates for the remaining
three quarters, based upon existing laws, the total
revenues for the current year will amount to s265,
6cO, COO. and the expenditures to $3.50, 490.643 ~,
which will leave a surplus revenue of 1913, 900, 1856 2a;
aud as the amount required for the Sinking Fund
is $50, I2LsO4 so, there viii be a deficit on this &C.
count OF 81. 955, +4S 81.
FISCAL YEAR 1870.
Tho revennes for the fiscal year ending June so.
1879, estimated upon existing laws, will be, total
ordinary receipts, s2j9, 50,0o0.
The estimates Of expenditures for the same
perind, received from the several Executive de-
ore as follows: Total estimated ex-
penditurcs. s280,68S 1856 38.
IL VIII appear tLatlf Congress shall make appro-
pTiatlons based upon the foregoing estimates, III.
cludInP S37, 1876, 045 o. for the sinking Fund, there
will be "a deficiency al the close Of the year OF
INC following estimates nre In excess Of the ex-
pendtturcs, for the samO purposes, for the last ts.
cal year:
MiiHttary A,OS0,So6 81
Naval establishment. .-......-.......... 2.2d0,IS3 u
yudian affairs l3S633 ~
PubiS Works: "''' 20
war Department. .........-........... 2,94l,ill7 50
Navy Depaf tment. l,O26,2 2Ss 90
INTERIOR Department. 22l, 7dd 90
Depa ttmont Of Agriculture. .....-...-. 500 90
Postal service. A,OOO'llz 20
Assuming that Congress will not increase the
aggregate National taxation at q time when oil in
dustries are oppressed by tho weight Of local TAXA.
zion, tho Secretary that the aggre.
gate appropriations for the fiscal year ending June
30, 1879. exclusive Of Interest and sinking Fund,
should not exceed $40, 900, 900. This will require
the appropriations to be reduced at least S1l, 000,-
GOO below the estimates submitted above-a reduc-
tion that, In the opinion OF the Secretary, can be
made without gripping any branch OF the public
service.
cured merely by O reduction Of appropriations, IL
muet bo accompanied by n careful revision OF the
laws which fix tho salary and number OF employees;
BY O reduction OF tho amount expended on public
works now in progress; by postponement OF oil
new works not indispensable for the public ser
vice, and BY %Judicious scrutiny OF disbursements
the coin standard should be accompanied by
diminished expenses In the public service, The
revenue from duties on imports having largely
diminished, the expenses OF Its collection should
be reduced, Old GLAZING should be closely eotuti-
pized; and any increase in any branch OF public
expenditure should be arrested.
The Secretary Will not undertake., IN tnls report
10 revise the estimates OF the Inherent depart
mentB-many items Of which nro submitted with
out ACKNOWLEDGEMENTS urges that the nppro.
priptions based upon them, including the amount
Estimated for the Sinking Fund, ehould not, IN cny
event, exceed In tho aggregate the estimated
Teyenues OF the Government
eNKtNa FUND.
In the lnHt annual report (pnge l0), my preue'
eessor stated that. had the resources OF the Trene'
Trv during enoh hcal year, commencing win
1861, been sufficient 10 make o literal compliance
with the conditions Of the Sinking Fund Law prac'
ficable, q total OF t4S9, 948, ais 81 would have been
0pnIied 10 that fund July /, 1870, whereas tho nc
tual reduction Of the debt ihgludng accrued ID