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The Secretary estimate. The receipts
+ ,.u 90 source. ri ibr '.ral year com
,nt-,ru. Juy lH ISL aui nIns 3Olb
I .mr, i-I,. u S35 UODUnI, iron which
nfcr drdlclins lhr deficit above. thr sun
T III S2722DG17 % remain, Ms the total
- mran. Of that yrlr. ihr cyYrudtur.. OF
g. f.uf#.tI
- Estimated ut si5,7-l,75l 5I. which would
a lebvr a hlnucr against 'ln In",H,N 900
o. iYr3lGoi juno, l-l-, ni Sl-,aOJ,7Iu -.
ID 'rbis excess the Secretary buses on lh"
. nsmmpiiunihi' lhr whole ID. Use million,
r. /, outstanding ol treasury n'lrs authorized
ly tlIc net Of 22d July lsii, under 5e
II, newcd authority nov requested Ia h' con.
Jl lrffrd by Congress 10 ISSUE the 'bln'' bAh
it D. the whole amJlnl caunol be outstanding
al the same time IN account ol thc number
nfno,c, cancelled before new nolc Is Is
- sued, he estimates the excess OF cNprndl'
tnres over means on the lst Of July, ISIS,
,h a. nineteen millions of dollars; which be
h thinl,s will cover all expenditures, lnclad'
iss inn that OF tho war, If continued up 10 that
lI date.


'' The Secretary thinks that four millions
ought 10 be- kept in the Treasury in 'lme
of war. 4 loan Of S22,OOO.OOO is there.
. fnre required to enable the Government to
I@ "; along with its disbursements, unless
l,n sumc other provisions arc made To raise
+ money. he advises Congress to impose
duty Of twenty-five per cent on tea and
r.. coffee, now admitted free Of duty, from
which he estimates that 81 100000 would
j, be collected. He recommends that lhIs
q dty shall take effect from the first Of Jan
"D II uRry next. IIo also recommends that The
san plice oflhe public lands shall be graduated
7 TO the time that they have been in the mar
ket, and thinks that if graduation bill in
ibe form in which it passed the Senate on
q iis return from The House, during the last
I'D session Of Congress, should become law,
nnAt would increase the revenue from lhe pub
llc lands from half million 10 million OF
dollars per annum; and, il adopted together