THE ANNUAL TREASURY REPORT
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THE ANNUAL TREASURY REPORT was, as we expected, sent to both Houses of CoVCress yesterday. It passed So rapidly | into the hands of the printers to Congress, that we had only time to cast transient | glance over it, with view to it's prominent ] points. The state of the Treasury is of course the same as it was represented to be in the Pres. ident's Message to Congress; that is to say, there will be an estimated deficiency in the Treasury on the first of Jan'ry next, requiring immediate provision to meet it, of $627 ,559 which deficiency is caused by the failure to obtain the necessary amount of the Twelve Million Loan, in consequence of the short ness of the time which it had to run. Mir. Secretary Ewing, the reader may recollect, when he asked for the. loan to relieve the Treasury from membranes left by the late Administration, recommended that 1t should be authorized for the term of eight years but, in passing the Loan Bill, Congress liHl- ited the loan to three years, too short term to invite investment of funds in it by capital ists. This deficiency the Secretary recon mends shall be provided for by immediate authority being granted 10 issue Treasury Notes to the required amount.

 For the next year (l942) the receipts into the Treasury (excluding the proceeds of the sales of the Public Lands) are estimated at 2OO,OOO-from which is to be deducted $627,559, the estimated deficiency at the end ot the present year. The expenditures for the year, including the amount necessary to redeem $7,OOO,O0O outstanding Treasury Notes, are estimated at $32, ,79l ,OlO; leaving to be provided for, on account of the eXpen- ditures of l642, the estimated sum of $l4,- 2ls57O.

 To meet this deficiency in the revenue for 1642, the Secretary recommends to Con. gress to authorize an extension of the term of the portion of the Twelve Million Loan not vet taken, and a reissue of the Treasury Notes heretofore authorized by law, amount. ing to $5,O0O,OOO; the balance of the deficit in the ways and means, together with $2,- 100000, Ca surplus deemed necessary to be in the Treasury to meet contingencies in the public service,) to be supplied from imposts upon such foreign articles imported into the United States "as may be selected with due regard to a rigid restriction, in amount, to the wants of the Government, and Q proper economy in its administration"

 This is the outline of the Budget, as it is very plainly and clearly stated in the Secre- tary's Report. The Report then goes into an argument upon the principles which ought to govern the adjustment of the Tariff to the wants of the Government.

 National Intellgencer.

 Report fthe Secretary efthe Nary,-It hav- ing been understood that MT. Upshur, the present head of the department, would offer his views at length upon this subject. his re- port has been looked for with no little anxi. ety. He has not disappointed the public ex. pectation, but has laid open with a bold and able pen the condition and wants of this vi- tally important branch of the public service.

 The navy of the United States is composed of eleven ships of the line of which one is rated for l2O guns, and ten for "A guns Fifteen frigates of the first class; of which one is rated for 54 guns, and fourteen for A guns. Two frigates of the second class, of36 guns each. Eighteen sloops of war, of which eleven are rated for 20 guns, two for IS guns, and five for l6 guns. Two brigs and two schooners, 10 guns each. Four steamers; 3 schooners. This force is distributed among our various naval stations all over the world.

 A squadron of seven small schooners, un- der Lieut.. Mclaughlin, has been co-opera- ting with the army in Florida, and has rem dered essential services. The Dolphin and the Grampus have been engaged on the coast of Africa in expressing the slave trade and preventing abuses of the American flag. The steamships Missouri and Mississippi are nearly ready for service, and will form l part of the home squadron.

 

 mended. The number of boys enlisted is about one thousand.

 Initiating the example of England, our wisest policy would be to aid the private en- terprise of our citizens in constructing packet | ships to ply between this country and foreign l ports. These should be SO constructed as to 1 fit them for war purposes, and should be held subject to the demand of the government, up- or equitable conditions. The Secretary thinks we ought not to pause in the policy of increasing our navy until it shall equal ut least one half that of Great Britain. The whole subject is of the highest importance to the country, and we earnestly hope that it will command the im- ] nediate attention of Congress.-N Y. Sun.

 Report ofthe Postmaster General.-ft appears from this report, that in l79O the whole num- Der of Post Offices in the United States did | not exceed 75 the number of miles of post l road, 1875; the revenue, $37, ,9S6; the ex- | penditure, $32, ,14O. In 1640. the whole 1 number of post offices was 13,499 the num- ber of miles of post road, l55,739; the gross revenue for the sssae year was $4 ,539 ,265, and the expenditure was $4,759,1lO.

 The total amount of revenue for the cur rent year isestiinated at $4.S6O,O0O; and the 1 total expenditures at $4,49O,OOO.

 To bring the expenses within the revenue, the commissions heretofore allowed to dep- uty Postmasters are re.adiusted, by which the nett annual income of the Department will be increased $lOOsOOO.

 The Secretary recommends discrimina- tion of the imposition of postage on the news- papers proper, and the mammoth weeklies which, weighing each nearly n pound, are transported from Boston or New York to Louisville, Ky, for cent and half. while

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