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 estimated receipts during the next fiscal year, ending June 30,
1861, are $66,225,000, which, with the balance estimated, as before
stated, as remaining in the Treasury on the 30th June, 1860, will make
an aggregate for the service of the next fiscal year of $80,606,808.40.
The estimated expenditures during the next fiscal year, ending 30th
June, 1861, are $66,714,928.79. Of this amount $3,386,621.34 will be
required to pay the interest on the public debt, leaving the sum of
$63,328,307.45 for the estimated ordinary expenditures during the fiscal
year ending 30th June, 1861. Upon these estimates a balance will be left
in the Treasury on the 30th June, 1861, of $13,891,879.61.
But this balance, as well as that estimated to remain in the Treasury on
the 1st July, 1860, will be reduced by such appropriations as shall be
made by law to carry into effect certain Indian treaties during the
present fiscal year, asked for by the Secretary of the Interior, to the
amount of $539,350; and upon the estimates of the Postmaster-General for
the service of his Department the last fiscal year, ending 30th June,
1859, amounting to $4,296,009, together with the further estimate of
that officer for the service of the present fiscal year, ending 30th
June, 1860, being $5,526,324, making an aggregate of $10,361,683.
Should these appropriations be made as requested by the proper
Departments, the balance in the Treasury on the 30th June, 1861,
will not, it is estimated, exceed $3,530,196.61.
I transmit herewith the reports of the Secretaries of War, of the Navy,
of the Interior, and of the Postmaster-General. They each contain
valuable information and important recommendations well worthy of the
serious consideration of Congress.
It will appear from the report of the Secretary of War that the Army
expenditures have been materially reduced by a system of rigid economy,
which in his opinion offers every guaranty that the reduction will be
permanent. The estimates of the Department for the next have been
reduced nearly $2,000,000 below the estimates for the present fiscal
year and $500,000 below the amount granted for this year at the last
session of Congress.
The expenditures of the Post-Office Department during the past fiscal
year, ending on the 30th June, 1859, exclusive of payments for mail
service specially provided for by Congress out of the general Treasury,
amounted to $14,964,493.33 and its receipts to $7,968,484.07, showing a
deficiency to be supplied from the Treasury of $6,996,009.26, against
$5,235,677.15 for the year ending 30th June, 1858. The increased cost of
transportation, growing out of the expansion of the service required by
Congress, explains this rapid augmentation of the expenditures. It is
gratifying, however, to observe an increase of receipts for the year
ending on the 30th of June, 1859, equal to $481,691.21 compared with
those in the year ending on the 30th June, 1858.
Public-domain text, read in full here on John Shaqi.
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