a detailed
statement of the condition of the public finances and of the respective
branches of the public service devolved upon that Department of the
Government. By this report it appears that the amount of revenue
received from all sources into the Treasury during the fiscal year
ending the 30th June, 1857, was $68,631,513.67, which amount, with
the balance of $19,901,325.45 remaining in the Treasury at the
commencement of the year, made an aggregate for the service of the
year of $88,532,839.12.

The public expenditures for the fiscal year ending 30th June, 1857,
amounted to $70,822,724.85, of which $5,943,896.91 were applied to the
redemption of the public debt, including interest and premium, leaving
in the Treasury at the commencement of the present fiscal year, on the
1st July, 1857, $17,710,114.27.

The receipts into the Treasury for the first quarter of the present fiscal
year, commencing 1st July, 1857, were $20,929,819.81, and the estimated
receipts of the remaining three quarters to the 30th June, 1858,
are $36,750,000, making, with the balance before stated, an aggregate of
$75,389,934.08 for the service of the present fiscal year.

The actual expenditures during the first quarter of the present fiscal
year were $23,714,528.37, of which $3,895,232.39 were applied to the
redemption of the public debt, including interest and premium. The
probable expenditures of the remaining three quarters to 30th June,
1858, are $51,248,530.04, including interest on the public debt, making
an aggregate of $74,963,058.41, leaving an estimated balance in the
Treasury at the close of the present fiscal year of $426,875.67.

The amount of the public debt at the commencement of the present
fiscal year was $29,060,386.90.

The amount redeemed since the 1st of July was $3,895,232.39, leaving
a balance unredeemed at this time of $25,165,154.51.

The amount of estimated expenditures for the remaining three quarters
of the present fiscal year will in all probability be increased from
the causes set forth in the report of the Secretary. His suggestion,
therefore, that authority should be given to supply any temporary
deficiency by the issue of a limited amount of Treasury notes is
approved, and I accordingly recommend the passage of such a law.

As stated in the report of the Secretary, the tariff of March 3,
1857, has been in operation for so short a period of time and under
circumstances so unfavorable to a just development