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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.
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
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