large amount of demands accrued in whole or in part in former years,
which will exhaust the available means of the Treasury and leave the
accruing revenue, reduced as it is in amount, burthened with debt and
charged with the current expenses of the Government.

The aggregate amount of outstanding appropriations on the 4th day of
March last was $33,429,616.50, of which $24,210,000 will be required
during the current year; and there will also be required for the
use of the War Department additional appropriations to the amount of
$2,511,132.98, the special objects of which will be seen by reference
to the report of the Secretary of War. The anticipated means of the
Treasury are greatly inadequate to this demand. The receipts from
customs for the last three quarters of the last year and first quarter
of the present year amounted to $12,100,000; the receipts for lands
for the same time to $2,742,450, shewing an average revenue from both
sources of $1,236,870 per month.

A gradual expansion of trade, growing out of a restoration of
confidence, together with a reduction in the expenses of collecting and
punctuality on the part of collecting officers, may cause an addition
to the monthly receipts from the customs. They are estimated for the
residue of the year from the 4th of March at $12,000,000. The receipts
from the public lands for the same time are estimated at $2,500,000, and
from miscellaneous sources at $170,000, making an aggregate of available
fund within the year of $15,315,000, which will leave a probable deficit
of $11,406,132.98. To meet this some temporary provision is necessary
until the amount can be absorbed by the excess of revenues which are
anticipated to accrue at no distant day.

There will fall due within the next three months Treasury notes of