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The Daily Dispatch: November 8, 1864., [Electronic resource], article 1 (search)
he Government, according to the estimates submitted with the report, for the six months ending on the 30th June, 1865, amount to $438,102,679, while the Secretary estimates that there will remain unexpended, out of former appropriations, on the 1st January, 1865. a balance of $467,416,504. It would, therefore, seem that former estimates have been largely in excess of actual expenditures, and that no additional appropriations are required for meeting the needs of the public service up to the 1st July of next year. Indeed, if the estimates now presented should prove to be as much in excess of actual expenditures as has heretofore been the case, a considerable balance will still remain unexpended at the close of the first half of the ensuing year. The chief difficulty to be apprehended in connection with our finances results from the depreciation of the treasury notes, which seems justly to be attributed by the Secretary to two causes: redundancy in amount and want of confidence in