Presidents -- United States -- Messages; United States -- Politics and government -- Sources
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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