The report of the Postmaster-General herewith submitted exhibits the
condition and prospects of that Department. From that document it
appears that there was a deficit in the funds of the Department at
the commencement of the present year beyond its available means of
$315,599.98, which on the 1st July last had been reduced to $268,092.74.
It appears also that the revenues for the coming year will exceed the
expenditures about $270,000, which, with the excess of revenue which
will result from the operations of the current half year, may be
expected, independently of any increase in the gross amount of postages,
to supply the entire deficit before the end of 1835. But as this
calculation is based on the gross amount of postages which had accrued
within the period embraced by the times of striking the balances, it is
obvious that without a progressive increase in the amount of postages
the existing retrenchments must be persevered in through the year 1836
that the Department may accumulate a surplus fund sufficient to place
it in a condition of perfect ease.
It will be observed that the revenues of the Post-Office Department,
though they have increased, and their amount is above that of any former
year, have yet fallen short of the estimates more than $100,000.
Pages:
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275