Financial matters at Washington.
Washington July 9
estimates the fiscal deficiency of the past year at over six millions of dollars.
His estimates for the current year, for the civil list, foreign intercourse and miscellaneous purposes, reach over eight hundred thousand dollars; for the interior department, $400,000; for the war department $185,000,000; for the navy $30,000,000--making an aggregate of over two hundred and seventeen millions of dollars.
The maturing Treasury notes amount to over $12,000,000.
The interest due will exceed $9,000,000.
The total estimates for the fiscal year, ending June, 1862, amount to $318,519,581.
recommends raising $80,000,000 by taxation, and $240,000,000 by a loan.
He recommends the following duties to be levied: On brown sugar
, 2 ½ cts. per pound; clayed sugar, 3 cts.; refined and loaf, 4 cts.; syrup, 2 ½ cts. per gallon; candy, 6 cts. per pound; molasses, 6 cts. per gallon; coffee, 5 cts. per pound; black tea
, 15 cts. per pound, and green tea
, 20 cts. He estimates the revenue to be derived from those sources to reach $20,000,000; and taxing articles now exempt from duty will further increase the revenue $7,000,000.
He estimates the revenue from customs and sales of public lands at $60,000,000.
He recommends the assessment of internal taxes on domestic luxuries, including liquors, beer, tobacco, bank notes, spring carriages, legacies, &c., &c., and suggests a considerable reduction in the salaries of office-holders.