American watchman and Delaware advertiser. [volume] (Wilmington, Del.) 1822-1828, 1826-12-06

intrench upon the ability to apply The annual tcrn
millions TO the reduction Of The debt. is wclg
for US. however, to be adnonshed Of the n,ccssity
of abiding by the maXims of the most yigilant econ
omy, and Of resorting to all honorable and useGt
expedients, for pursuing with steady and infexibt
perseverance the total discharge Of The debt.
Besides the seven millions of the loans of 1915.
which will have been discharged in the course o.
the present year, there are nine millions which, BY
the terms OF the contracts, would have been and
are now, redeemable. Thirteen millions more ~
the loan Of 1914 will become redeemable from and
after the expiration of the present month and nine
other millions from and after the close Of the en-
suing year. They constitute mass of thirty one
millions Of dollars, all bearing an interest Of six
per cent. more than twenty millions Of which will
be Immediately redeemable. and the rest within
little more than year. Leaving of tins amouat
fifteen millions to continue at the interest of six
per cent, but to be, far as shall be found prac-
tcabe, paid off in the years 1877 and 1898, there
is scarcely doubt, that the remaining sixteen mil.
lions might, within a few months, be discharged by
a loan at not exceeding five per cent. redeenabIe
in the years 500 and 1850. BY this operation, q
sum Of nearly half million Of dollars nav be va
we'd to the nation; and the discharge of tie whole
thrtv-one millions within the four years may be
greatly facilitated. If not wholly Accomplished
Il, Of Congress Of 81 March, 1925, Loan for the
purpose referred to, a subscription stock was
authorized, a; interest not exceeding four ard per
cent. But, at that time, so large portion # The loatng
capital q me country was absorbed N C. nneica p Gu
alons, and so 'ie was lex Tor Ves meht IN the KS
that the but partially successful At tie a,
Session OF Congress, The Condition OF We funds was sill
unpiupitious 10 the but the change 500 If
tsr"a'ds occurred inst had VIC anton existed 70 re-
aeeh 'e hne hnols now !cu.enap'e ny an exchanged
- - oI lNg l.a Ie, - '''s re, am 'aat
OF ninety thousand dollars.
With regard to the collection Of 4, venue Of npcst
CERTAIN occurrences have within the as' year. beer dsco
seq IN one Oh TWO OF our prcPs lo'S' @"ch engaged
srt " 1890 ~. ,r ,ii ~ may
very few wears The execution oi ,he Mps tr ra, 'L
re,enue ike hat Of all cur othei laws las been e. .neA
more by tie oral OF the community, than bJ lie
rgos o' less preeaut'n' or py pehai SANCTIONS. Cn'
1h 49, ~ ,eF,,y
nro, sons Of The Collecting Laws close adhcrerce to
which woud have caused rc,n, enienee and esrense 10
them, had long become habl,ual ard n1ulgctces haA
oeen extended nh'ersay' because ey hAd never Ten
L,i - tr,tr l; .t; ; 800 '
ce,sarv,o come IN AID OF ,b,s sal, of unruaded sec,v
Fioin the reports herewith communicated Of The secrc-
Italics IF War and Of the Navy With tie Subsidiary drcu
menus snneA.a 70 'hen' WI De S"Ve'ed me present
~ M a"a d '' h " r, Wv, f
nv Laynp uuIerpore 10 charge stree ~ reduction + M
present Peace Es,ablsl met in 1921 remains only to
observe, thai yet found adequate 70 all e purposes
of "nGh reiman arn'ed ioce !" ,'ne . leace can
=. ~ ; ''y ~ ~ r ",0 ~ - ~
United a.s and Nm, Senate wth r, catd 10 te cons,rc
ion Of NE act Of Congress Of % Marc, 1871, reduce
and Tx he Military Peace ENabishme" Of The United
ga es remains her" 50 isf wl'hon' execuio' VA ?"
ment. ,f ArIlery A. nvrarao,' 81
of I'm. Legislature ap ears 10 he The onv exf r,cn tac
cable, for removing the difficulty Of this apl n'nc,
In period Of profound peace, the conduc, Of tie
mere military establishment forms bot very neon
siderable portion Of the duties devo!,ng Upon The
administration of the Department OF Var. II will
be by the return from the subordinate de part
merits Of the Army, that every branch Of The ser,
vice is marked with order regularity, and discipline.
4