Vincennes Gazette, Volume 11, Number 4, Vincennes, Knox County, 3 July 1841 — Page 1

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"TIIUTir WITHOUT Fi: Alt VOLUME XI. vixcexjves, Indiana, Saturday morning, july 3, isn NO. 4.

Itegiort o" the Secretary oi the Treasury tm the Fisiasices, &c. In obedience to the directions of the act of Congress of the 10th of May, 1S00, suplemsntary to the "Act to establish the Treasury Depigment," the Secretary of the Treasury re gpectfuHy submits the following report: 1. Of the Public Revenue and Expenditures.

The receipt. uuJ expenditures for the year 1810 were as follows: Tho available balance in tho Treasury on the 1st uf January, 1840, (exclusive of amount deposited with the States, trust funds, and indemnities, and the amount due from banks which failed in 1837,) was, as appears by tho bocks of the Registry of the Treasury The receipts into the Treasury during the year 1840 wi re. from Customs SI 3,4 09,502 1? Lands 3,292,285 5S Bond of the Bank of the U. States 1,774,513 80 A!i?cplUneousand 53,663,033 60 incidental sources Banks which fail1 in 1837 Treasury notes issued 2S3,258 23 748,629 55 5,59,547 51 23,1S7,736 Si Making. $23,850,320 44 The expenditures in tho same year were, far Civil list, for.-ign intercourse and miscellaneous $5,195,030 9S Military departme J 10,866,235 43 .aval department 6,0oi.f o CO 11.9S2 77 Tublic debt A d d outstanding warrants issued prior to 1st January, 1 Si I Treasury notes redeemed including intcrcbt 1,416,334 23 4,045,802 05 27,863,475 41 leaving a balance in the Treasury on the 1st of January, lS41.of The receipt from the 1st of January to the 4th of March, 1841, were (say) FroruCu.toms - 1.974.836 46 Lands 386,148 56 Miscellaneous and 987,345 03 incidental sources, Bonks which failed in 1837 Treasury notes issued per act of 31,349 65 15,000,000 the 31st Marcii, 140 1,110,611 08 Treasury notes issued under act 15th of February, 1S11, Boad of the Bank of thy United States 673,681 32 17,913 00 4,212,540 07 Making with the balance in the Treasury, Jan. 1, 18 il The expenditures fen the same period were Civil list, miscellaneous, &. loreign intercourse 943,517 14 Military depart1 ment 2,273.097 U 5,199,fi85 10 i .r.U,s,tmcnt 759,4y CU ift, J -J J - I Public debt Treasury notes redeemed including interest, 3,612 70 647,590 09 4,627,166 Leaving the balance in tha Treasury on the 1th of March, 1841 . . W,8V46 The balance of appropriation outstanding m the 4th of March, 1341. Wer-(Statcmcnt A.) Civil foreign intercourse, and mise,lane0Vl8 15,99i:S95 Is J,Ul"ry 6,910.268 R9 nau, i i. 6,337 SO Public debt Treasury notes issued prior to the 1st of January. 1831, and outftanding on the 4tn oi -wrcu, 1841 J,a7rf, Da. issued under the ctofl8. from 1st of January to ihe 4th of March, 1841, which may, and most of which probably -..n ,a T,raented in payment 00 of public dues during the year 1841 Interest estimated at about 1,110,611 08 300,000 00 Making in the aggregate 33,429,616 50 Of tnis there will be requited for the services of the current year 24,-10,000 00 Additional appropriations requited by the War Department for the year 1841, viz: Fortifications and works of defence 1,435,500 00 For armaments of fortifications ordnance stores For payment of arrearages and current expenses, and taking care of public p r o p e t ty on roads, harbors, rivers, &.c. 220,000 00 40,199 12 This item, and the item of expenditure for the navment of Treasury notes from the 1st of Jan1 3 .u- Aih r.f March. 1841. include about nary io iit - ' ... i $',00 000 of Treasury notes which were received . ' r, own.mt r.f fMiftsms during tthe uepariuitfiin"- - bat period, but for which the warrants were not i -sued until a subsequent period.

For arrearages for preventing and suppressing Indian hostilities

825,637 86 2.521.336 93 Making The actual and estimated means under the existing laws to meet these demands are, vii: The available balance in tho Treasury o n the fourth of March, ISM (ive statement B.) 646,803 12 Treasury notes authorized under the act of IS 10. issued after the third March, 1 SI 1 413,592 72 Treasury notes authorized by the act of 1841, to be issued after the 4th of March. 1641 5,000,000 00 Keceipts from the customs estimated at 12,000,000 00 Receipts from public lands 2.500,000 00 Miscel 1 a n e o u s sources 170 000 00 :6,731,33a 98 :0.730.395 Si Leaving unprovided for, of the demands for the present yeai, the sum of There will also be receivable public dues in the present year. or payable in 142. Treasury notes the issues of the present year, viz: Issued under the act of 18 11. prior to the 4th of March, S73,631 31 Do. do. I? 10, after the 3id of March 413,592 72 Do. do. ISil, to be issued after tho fourth of March, and included in the estimate of w ays and means 5,000,000 00 0,000,941 10 C,0S7,274 04 Making an aggregate ofdebt and deficit, to be provided for in this and the ensuing year, of 12,083,215 14 This estimate is founded on the assumption that all the moneys in the public depositories can be at once made available, and that any, and ah of tho demands upon the Treasury can be satisfied, so long as money, to a sufficient amount, remains in any or all the depositories. Hut that is by no means the ef.se; whii ' the power to issue Treasury notes exists, there should be at all times, for the convenience of the Trerrsury, a sum equ'il to ?1.000,00o'in the various depoMtories sulj'Ct to draft. When that power is expended, the sum should be increased to not less than 4,000,000 00 Which sum added to tho above, makes the estimated deficit $10,089,215 13 But the undersigned feels it his duty to call the attention of Congress to the moie immediate demands of the public service, and the means by which those demands are to be supplied. The sums which will be required from the 1st of June ta the 31bt of August next are estimated as follows, viz: For the payment of Treasury notes which will fall due within that time and the interest thereon, about $2,756,900 00 Balance for taking the 6th census For the civil list, miscellaneous and foreign intercourso Military semce iS'aval do Public debt Expenses of the extra session of Congress 291,000 00 1.309.30S 37 4,591,098 00 1,844.000 00 G.3S7 00 350,000 00 Making about The ways and means in the power of the Treasury, and which will probably accrue under pvi-tinfr laws, are as follows: 1. Funds in tho Treasury (as per statement C.) 644,361 16 2. Treasury notes authorized by tbe act of 15th of Feb. 1841 1,505,313 91 3. Estimated receipts from the customs 11,151,093 37 3,000,000 00 Do. do. the lands 700,000 00 Do. do. miscellane o u s sources Making 5,000 00 5.900,305 07 And leaving a deficit of To which add the sum recommended to be kept in the Treasury to meet any emergencies of the public services, viz: 5,251,338 30 4,000,M0 00 Making an aggregate of 9,?51,3S8 30 In another part of this paper the views id die denartinent as to the mode of proviJinc tor ihe above dpfh-it. tosrethf r w iih the r esidue of the existing public debt, will be presented. From the year 1816 to 1837, a period of twenty-one years, the revenues constantly exceeded the expenditures. The average annual surplus during that time was $1 1 ,404,220 S7 (see tables 1 and 2.) making on aggregate excess of 240,-

748,76 i 27. Of thw this there was applied to the extinction of the national debt $208,792,127 41, and there was under the provisions of the act cf the 23.1 of June, 1S:G deposited with the States $28,101.613 91, and there refnained on the l?t of January, 1837, n the Tieasury of the U. States, including the 4th instalment due to the States, a surplus of There were, also, outstanding debts due and falling duo to Tieasury, arising from oilier sources than those of the ordinary revenue, and which were paid between tho 1st of January, 1837, and 4th of Mar.-h 1S11, the amount of (sej. statement D.) There were, also, issued within that period, and outstanding on the 1th of March. IS 11. Treasury notes to the amount ot Makinsr the auregato available means whiuh were in the. Treasury on the 1st of January, 1S37, and which came into it prior- to the 1th tf March, 111, over and above the current revenue From which deduct the amount (less the tru-t funds) remaining in tiie Tr n-airy on the -lib of March, IS 11 And there appears an excess of

17,109,47 5 20 9,124,747 00 5,6-13,512 40 :t)SS2,732 GO' 572. 71S 4G expenditure ovtr the cuirent revenue of f3 1,3 1 0,01 1 20 it ronr to re rear it the entr. 'S on the book? of the Register of the Treasurv do not always show the true oates oi tue receipts and e. pen. attires. A n item itnohed in the above statement (ta ole iJ.) wil serve to il ti--trate tins tact. 1 ae sum of Nol.nS J -17 was, on toe n 1 andol-t of October, 1 S 10, paid . bv the 15a nk of the I'tiited .States on ita last bond to Wni. Armstroni;. soperiutnd"tit at Fort ( Jibsc, bv order of tue Secretary ot ar. Though tins sum was in fact received and expended on those days, it did not find its way into the office ot the Jv'r-'trv until the-tth of March, 111, on which day it appears on-his books both as a rcce.pt an 1 an expenditure. Thus and to this extent, within the lat four years, were the expenditures pushed beyond the amount of the revenue. They were made to absorb the surplus in the Treasury and the oatstandinirdebts due to the Ihme'd States, so that the treasury .a,on the 1th of .March, J M 1. exhaust- . . . i - . i ... i cd oi its nvoans arm suOect to neaoy ana ....... , i i i lmmeaiate liabnsties. it was aireauv ourleiuid with a debt incurred in time of peace, and without any adequate resourcesexcept by the authority granted by law to augment that debt. As yet no provision has been made to reduce this debt or to check its constant and rapid increase. We find it. therefore, as far as past legislation and financial arrangement char..ot"rize it, a perman-nr in increasing nat'n nal debt. The c'lllieeu -rary expedients bv which it is sustain ?d do not at all vary its essentia -character. The attention of Congress is respectfully invited to the necessity of early and e.Tectual measures to prevent its further augmentation. The obvious rem" ly is to increase the revenue as far as may be without unreasonably burdening commerce, and to reduce the expenditures within the limits of strict economy. But as it may not comport with the views of Congress to iro into a revision and ad justments of the customs so long before tho act of March "J, IciJ , comes to nave its final and permanent operation, the undersigned would respectfully recommend, as a temporary measure, the levy of a duty of '-20 per cent, ad valorem on all articles which are now freecf duty, or which paid a less duty than i'O per cent, except o-old and silverand the articles specifical ly enumerated in the 5th section ot the act of March d, 13J3. If this measure be adopted, it is estimat ed that there will be received into ti e Treasury from customs, in the last quarter of the present year, about ,$5,00,000: in all of the vear ISiM, about c,;)iki.uuvf; and in the" year 1841. after the final auction under the act cf .March 1 33, about 320,00.000. The details of this estimate will be found in the accompanying paper, marked E, and enclosures:. It is believed that, after the heavy ex penditures required for the public service in the present year shall have been provided for, the revenues which will accrue from that, or a nearly proximate rate of duty, will be sufficient to defray the exoenses of Government, and leave a sur plus to be ammallv applied to the gradual nflvmrmt of the national ilebt, leaving tue proceeds of the public lands to be disposed of as Congress shall think fit. The general principles on which the final revision of the tariff is to rest are erans pimnle and easy to be apprehend ed he.? the work of revision itself, in its adontation and detail, must be a work ot t ... , i n lime. It should he none on cairn renection and careful deliberation, with a view to reconcile, as far as possible, the conflictingepinions, and to promote all the various interests of the uhole People of the U. Ststes. And it may be impor.aat, in that adjustment, not only to reciprocate on fair and equal principles, and in a liberal spirit, the concessions which may tc recorded to

oar commerce by foreign nations, bat a, to Jo justice to our own citizens by meet in; in a like equal spirit and h a.y exae tioiH or prohibitions which lore nuiotv may ihink fit to impose upon tli ; im porta tion of our stable productions. Some; legal provisions are also required to correct inequalities between the duties upo:i sugar and molasses, and the drawback upon refined sugar and rum, manufactured or distilled from foreign material. The relation between the dutv and draw back was adjusted lv the aet3 of January iJsf, 18.29, and May lOth, lb:):. rince which time thj duties have been diminished, while the drawbacks remain the pstne. And a provision of law declaring that all non-r-numerated articles which bear a similitude to any enumerated article ediargeable with duty shall pay the

same rate ol outv with t::e article which i: most resembles, would raea large sum 7 O .-.in;: i y to t,:e revenue, and prevent much i annoyance and litigation bet-veen the im port".- and- the oHieers charged with the colteciioti ot tee cutoe.i". Of the Public Debt. Hut it is not exitocted that anv nioJilicafion of t:ie revenue ms v. hi operate supply i: i . :ie-i t u. t w ants of the Trea urv, t i-av tue uebis wl::.;:; laa uue '.'i t::e present an 1 in the ensuing v :-r.r. A f-ir-tuer lo'.u is ne .es-;trv to eliect these oh-ji.e-ls, and t:ie only tpi-'stiou that can arise mo le (jf procuring the loan. li ' i.t.i n - .i i ' n i - i til. ci i . 4 the ii-'S'iDi'M il::r;;;i.i:i ot Joe tie 01. vo I in tai. opinion of the undersigned, ie unwise to charge upon toe commeroe or the resources of the country, m a any fjr or at all i, the burden of paying at once, ieoldv, the national debt. Before that is done, moa.-ures of restjre.tion an relief i.i repaired. The currency of the country should be restored, and commerce n.l muustrv relieved from their present ate oi emearra-- meni aue ue predion. and a ben'gu and liberal policy of the tleiierrd Government should call forth once more the hardy industry and active enterprise of our people, and the vast resources of our country. Jf we a suiiie the period of from five to eight years as tkat in wjiich this debt can be paid without inconvenience ras-meul--and the time appears to e short no igh we have one of the most essentia! elements on w hie It to form our judgment as to the best and inot convenient mode in which the loan can be kept up, and the credit of the Government sustain-..--. In the inc?ptio?i an J during the progressive ie -rea-e of a national debt, the issues of Treasury notes-, though dangerous and deluave, have yet their advantages. They need not be issu actual wants of the Ti e vl faster than the ...ctry require; and the power to isue any given sum ail ekbetive purposes of immediate is, !or ex penditure, a fund m the i rea.n.rv avadao.o to that amount. lut, when t..e ueut has quired its maximum and eease.s to aeeumi c r w ' l.e io : v.v lathe fh a.-;urv, .cuages ...n b ee o 'Idiis ii!o .-.ae-s to the Governmetit aarket of new promissory sale m to an in livi dual. It is t'.ie ioite f I reasury notes to ta;; up other Treasurv notes year alter year in succession; and, under those circumstances, it i.s inconvenient and expensive. But the raisin of money bv the issue of Tree -urv notes is objectionable, because ceptiv e; by this means a heavy may Le raised and fastened permanently I i. on the countrv, t'an amount ot new is sues being involved vith the payment of the old; wnilo t:te. i'trople, and even taose who admini er tee Imanees lav not imoressei with tho important lact taat i. a, national debt is created or of creati' -n. in tho process Therefore, in the opinion oi t:ie undersigned, when a national debt does, exi -t and must continue ior a time, it is better that it should be made a funded debt according to our ancient Anancial us-ge. It is then sheltered by no cover, and is the subject of no delusion. It b open, palpable, true; the eyes of the country wil! be upon it, and will be able at a glance to mark its reduction or its increase; and it is believed that a loan for the requisite amount, having eight years to run, but redoemabh. at the will of the Government. on six months' notice, could be mg related at a much less rate of interest than Treasury notes. Much expense would also be saved in dispensing with the machinery of the issue and payment and cancelling of Treasury notes. It is therefore respectfully recommende,i that a sum suhicient to pr present existing, and such i l ! wi;i n.:.,.0.. sari v accrue m t ns ana in be raised on loan for tl ... .1- t i-,t- i-ili-vT7iri Onrrrrni tim- i'-o the ne time, uuJ on tuCi i ?steu. e i'T vear.'

. . . . n viJl'ave been kept and the finances adinmisCa keepixiff anddisbursiaj the PabJv, v in,ivi(ua, ofRecrs and

levlrnori u-n:,!d Un ronetf:il - l, ;nvir.rth atTenf"ion of OonreS3 to the 1, " - - - .int in.-i le r-f" 1-pininiT flnH jbshnrsiii Ihemiblic moneys; and aho to the subject of the creation or employment of a lisca! agent to be charged with the performance -cf these or other duties. The subject is one of great importance, both, to the Government and to the community. Such agent or depository ought to unite, in the highest practicable degree, tho saiety ci the public fends, end convenience and economy in their administration; and it

3iiou!J, if possible, be o selected or trained

as to exert a t-alutary inlluenco over tue business and currency of the country. The mode of keeping and disbursing tin public money, provided by the act of Ju! t. IS'40, will be found on comparison wit: that heretofore chiefly used by the Gov rnment, eminently deficient in all thes essential requisites. The financial historx of the United States, especially for tin 'ast twelve years, furnishes abundan1 proof that the public money is unsafe in the custody of individuals, and that their oflicial bonds is not sufficient security for it-s safe-keeping and faithful application. Vinki tho period above named, many receiving officers connected with the.Treasiry Department have become defaulter;: to the (..overnmer-t. T!ie aggregate Joar from that cause w ithin that periotlas showi by the books, of the Department, amounts to .VJ,0-v.;-UU, bul a small part oi wnicn will prol;aliv be recovered from tneir bond-;. It is true that, in any svsten: which can be adopted, some part of t.;e public money must, in t ;e process ot cor r i ! -'ction. uais, am. ss through the hands of iivhvide subject to tlieir defalcations: to'. Hit toe act ot July l, 1MU, exienus auo continues the risii ueyone. tue penoa oi collection, and it subject' largo masses which in the fluctuations of commerce, sometimes accumulate, to the same dangerous custody. Not only is the public money in the hands of individuals more exposed to loss from ordinary defalcations than when de , i , ,.i i - r posited in a well regulated batik; bet the Government is also liable to the risks cf are, robbery, and other casualties, occurring either in deposite or transmission from wmcii it is entirely protected when a w1 the regulated bank is the depository and gent. The present svsiem is also, i m manv respects, cumbrous an 1 inconvenient. Its tendency is to centre the disbursements of tie public moneys at some ot the Kastern cities, ebieuy at .New l 7'uit being the great commercial emporium oi tue l. . Stales, is the point at which funds are the most valuable, and, therefore, the most sought; hence those who are entitled to payments out of the -public Treasury claim thorn there. It is true there is a general discretion in the head of the Department to refuse or grant the favor of such payments according to its convenience; but when the curri-ncy is deranged, and the premium on exchanges is high, this discretion involves discrimination to a, large amount among creditors equally entitled. It then becomes a dangerous discretion, and one that ought not to exist. But, under the present system, it cannot be avoided, save in a few casus, without discharging every public liability at the mo.-t favored point. This would at once centre all the disbursements at a few of the Eastern cities, an ! involve the Treasury in the rik and expense of transporting the pub i . i i . lic funds from the various points of eollection to the places of disiMirsomem. 'uoi u -tern ot e:s por'anco. Put still worthy of consideration, in settling on a permanent and economical arrangement. I. ihe direct expense of the present svstern, including t tJ j k he cost of the building f r ihe deposite oi the public money, and tue salaries of the otlicers and their clerks who receive, o.nd disburse it. No portion of tn:s risk, inconvenience, or expense need to b incurred where a well-regulated bank is made the fiscal agent. But the present system is also, in the opinion of the undersigned, injurious to the business and currency of the country Instead of permitting the ere. lit and the finances of the Government to lend their indirect but ellicient aid in sustaining the credit and regulating tho currency of the country, it brings into direct hostility those important interests. In the progress of the' system a su!li-;ient amount of g d-d and silver to supply the wants of tho Treasury must be withdrawn from circulation and locked up in vaults, leaving no representative to supply its place in the general circulation. A brre amount also in the hands of tiiose wuo j "i a t ) or receive from the Treauiry, is equ ally w ithdrawn from gen era! Circulation, and ma ie to flow through tiiose coanneH aione wmcn leau uuo an rU out oi tue puotic cone lies of commerce an s. The other avenintercoure are thus i .i.e a....- .... , cious metals. Within the fifty-two years during which our constitutional Government has existed, we hiive bad, for two periods of in.nntu i-P.ir5 farm, a bank chartered bv ' ' oa , .innnsi.arv ,,r the nn!,lic )f moneys and as a fiscal agent. We linve .' '.-ll-c J , had, also, at two intervals, amounting to inii-ir. vmrs. Ktat-3 banks employed for like - . . . - . , purposes; and, during the remainder of i -i ' , r . the lime, tlie funds of the Government . , ,.,. i U2:ents. Tbs loes sustained by state banks, as depositories, during the firs. nlperiou oi tneir emp.nv uinu, i-A.icuu.ijj; , . . , , from 1811 to 1810, agreeably to a s'-ue-pent prepared by the Secretary of the Treasury n 1333, -and i "published in were Sl.U0U.G7G. In the Litter period, from 1S33 t- i837. though no ac tu il loss is beiiemd to havrf occurred, yfct the Treasury and the country suffe inconvenience and embarrassment from the fiscal arrangements with those numer ous and disconnected institution?. But,

during the forty years that the batiks of the United Si?tes were depositoriei of the public money and the fiscal sgents of the Government, no loss whatever wai sustained, nor any delay or any expense incurred in transmitting' or disbursing th public moneys, co far as the agency of those institutions extended. Then, at regards the wants of the Treasury merely, the 6afety of the public f'und, nd economy to their cdminisiration, experience has demonstrated the superior utility of a bank constituted and adopted by Congress zn a fiscal agent. It has also proved to us thu the active business of the country, its currency, its credit, its in dustry, and its commerce, are intimately, connected with and dependent upon the financial arrangements of the Generl Government. If they be wise and beneficent, they indirectly, but efficiently promote those great interests of the People; if constant and uniform in their action.

they give to those interests confidence and stability. Since the remoral of the public deposites from the Bank of the United State, in 1633, the Government has had no permanent fiscal agent pnd no definite financial system. A II has been experiment, tranrt r, and change. The business of ihd cojr.try has yielded to the unsteady impulse and moved forward with wild irregularity; at one time stimulated to excessive action, at another sunk into lethargy. Arid, in providing for the wants of the Treasury, it is surely important to look, also, to the wants and the welfare of the community, from the products of wiiose industiy the Treasury id supplied. And as regards those great interests, we find the testimony of past years is no less distant and strong in favor of a moneyed institution chartered by the General Government, and possessed of its confidence and credit. The period embracing the last ten years of the existence ol the late Bank of the Uni;ed States as the fiscal agent is fresh in the memory of us all, and is looked back to as a period of great public prosperity; and though other causes did. doubtless, co-operale io produce that favorable condition of things, yet one of the governing princi ples on wmcn depended the steady zdvaK.ce of the country in commerce, in in dustry, and in substantial wealth, was tha existence of a fiscal aent estaolished 5y the General Government, and charged with the equalization of exchanges, and the regulation of the currency. In the present condition of our country, the rehaf to be antic ipated fiom such an institution rannot be immediate, but must be the work of time. The businesi uf the country would, however, in tho opinion of tiie undersigned, steaddy and certainly revive under its influence. In whatever point of Iirjht tho under signed is ab!e to view this subject, he is irresistibly led to the conclusion tli3t such fiscal agent, so framed as to possess those important function-', is alike essential to tho wants of the Treasury and of the community. Such an institution should he framed wiih deliberation; for it must have high duties to perform, and exten sive ititerts to promote, and it should b granted with care, for it will be liable to great and dangerous abuses. As the fiscal agent uf the Government, and an effectivo regulator of the currency in a wide-spread community, it should be steady and uni form m its action, and fixed and stable in its character. The undersigned hr.s no doubt cf the power of Congress to create such an in stitution. L..xperienre ha3 proved its necessity to carry out other expressly granted povvers; il has been exercised and recognised by the Legislative and Executive departments of the Government during four-fifths of the whole period of our national existence, and it has received the uniform sanction of our highest judicial tribunal. Yet the power lias been questioned by many wise and patriotic statesmen whose opinions are entitled to consideration and respect; and in a measure like this of hidi political import, which, if wisely con ceived and cordially concurred in, must have a great and enduring influence on the prosperity of the country, it is important, as far as possible, to obviate objection! and reconcile opinion. If such an institution can be eo conceived in principle and guarded in its details as to remove all sciuples touching the question of constitutional power, and thus avoid the objections which have been urged against those heretofore created by Conres, it will, in the opinion of the undersigned, produce the happiest results, and confer lasting and important benefits on the country. The undersigned, therefore, respeatfully recommends the creation of such fisfsl agent, and the repeal of the act of July 4th. 1810, providing "for the collection, safe-keeping, transfer, and disbursement of the public revenue," except the penal provisions thereof, whieh will probably require revision and modification. All of which 13 respectfully submitted. T. E WING, Secretary of the Treasury. Trl.svzy Departxe.';t, June 2, 18s . Whea we here man and wifs 'my desring' each other in public, we guess they use a good quantity of mustard at borne.