A Compilation of the Messages and Papers of the Presidents. Volume 5, part 4: James Buchanan
History
A Compilation of the Messages and Papers of the Presidents. Volume 5, part 4: James Buchanan
Buchanan, James, 1791-1868; Presidents -- United States; United States -- History -- Sources; United States -- Politics and government
The receipts into the Treasury from all sources during the fiscal year
ending June 30, 1859, including the loan authorized by the act of June
14, 1858, and the issues of Treasury notes authorized by existing laws,
were $81,692,471.01, which sum, with the balance of $6,398,316.10
remaining in the Treasury at the commencement of that fiscal year, made
an aggregate for the service of the year of $88,090,787.11.
The public expenditures during the fiscal year ending June 30, 1859,
amounted to $83,751,511.57. Of this sum $17,405,285.44 were applied to
the payment of interest on the public debt and the redemption of the
issues of Treasury notes. The expenditures for all other branches of the
public service during that fiscal year were therefore $66,346,226.13.
The balance remaining in the Treasury on the 1st July, 1859, being the
commencement of the present fiscal year, was $4,339,275.54.
The receipts into the Treasury during the first quarter of the present
fiscal year, commencing July 1, 1859, were $20,618,865.85. Of this
amount $3,821,300 was received on account of the loan and the issue of
Treasury notes, the amount of $16,797,565.85 having been received during
the quarter from the ordinary sources of public revenue. The estimated
receipts for the remaining three quarters of the present fiscal year,
to June 30, 1860, are $50,426,400. Of this amount it is estimated that
$5,756,400 will be received for Treasury notes which may be reissued
under the fifth section of the act of 3d March last, and $1,170,000 on
account of the loan authorized by the act of June 14, 1858, making
$6,926,400 from these extraordinary sources, and $43,500,000 from the
ordinary sources of the public revenue, making an aggregate, with the
balance in the Treasury on the 1st July, 1859, of $75,384,541.89 for
the estimated means of the present fiscal year, ending June 30, 1860.
The expenditures during the first quarter of the present fiscal year
were $20,007,174.76. Four million six hundred and sixty-four thousand
three hundred and sixty-six dollars and seventy-six cents of this sum
were applied to the payment of interest on the public debt and the
redemption of the issues of Treasury notes, and the remainder, being
$15,342,808, were applied to ordinary expenditures during the quarter.
The estimated expenditures during the remaining three quarters, to June
30, 1860, are $40,995,558.23, of which sum $2,886,621.34 are estimated
for the interest on the public debt. The ascertained and estimated
expenditures for the fiscal year ending June 30, 1860, on account of
the public debt are accordingly $7,550,988.10, and for the ordinary
expenditures of the Government $53,451,744.89, making an aggregate of
$61,-002,732.99, leaving an estimated balance in the Treasury on June
30, 1860, of $14,381,808.40.
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