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Alarming Expenses Of The Government

Alarming Expenses Of The Government image
Parent Issue
Day
28
Month
August
Year
1847
Copyright
Public Domain
OCR Text

By tlie ofiïoial quarteffy roturn, made y t'ie Secretary of the Treasury, it npears thnt the expenses of the army, for inly three months, ending on the 3Oth une, were sixteen millions, five hundred eventy iwo thousaod fivo hundred and linety-four dollars, (16,572,594) nnd thp vliole expenses of the- Government, for he snme period, were 322,474,505. As he whole number of Iroops, then in ser■ice, were less than those novv assemUed, t follows tli.it the expenses for the prespnt hree montlis will he preally incrensed. The expendes of this army alone, at lis rntp, will be over sixly millions a ear - nnd Ihis, too, withouí including leiiSi'ons, fortifications, anrl numbe'less ther items. The exppnses of the year, Sr all áescriptíonj of expenditures, canot fall much below a hundred mülions : nd i f we get ofT with ihnt, we sliall do rei ty well. The receipts of the governnent, from cusioms and all other sourcps, s almost eight mülions for three moiühs r thirty-two tnülions a yenr - lenving a eficien"y of at least sixty-eight millions f do'Iars. Itwnsestimated, if we rpco'lect rig'itly, int tweniy-eight millions would meet nll ie deficiency of the expenses of the govrnment np to July next yenr. Now, if the whole expenditures of the overnment, army, navy ard everythinc, ie no rnore than twenty-iwo nnd a half mülions, a is rppo.-ted, for the last three months, or nineiy millifms a year, we are unning behind at n grent raifi. The ex"enditures from December last, !he period vhen the eslima:e was made, will be, to uly, 1848, one hundred and thirly-five millions. The statement will then read ;ius : The Government, by ils own shouing - for these aro tlieir own figures - have expended, n the year and a half, eightyseven millinns more than tlie receipls. -

Article

Subjects
Signal of Liberty
Old News