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Fiske, John, 1842-1901

"Volume 4, part 3: James Knox Polk"

30 from loans already
negotiated, including Treasury notes funded, which, together with the
balance in the Treasury on the 1st of July last, make the sum estimated.
The expenditures for the same period, including the necessary payment on
account of the principal and interest of the public debt, and the
principal and interest of the first installment due to Mexico on the
30th of May next, and other expenditures growing out of the war to be
paid during the present year, will amount, including the reimbursement
of Treasury notes, to the sum of $54,195,275.06, leaving an estimated
balance in the Treasury on the 1st of July, 1849, of $2,853,694.84.
The Secretary of the Treasury will present, as required by law, the
estimate of the receipts and expenditures for the next fiscal year. The
expenditures as estimated for that year are $33,213,152.73, including
$3,799,102.18 for the interest on the public debt and $3,540,000 for the
principal and interest due to Mexico on the 30th of May, 1850, leaving
the sum of $25,874,050.35, which, it is believed, will be ample for the
ordinary peace expenditures.


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