Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1840-01-20
S37,2i7,sI2 70
S35,G6I,427 80
9I.556,3SI 93


Lenving balance of Sl.556,35l 03
The balance is about one million less than that
Oh hand nj the commencement of the year, thus
showing that tie current expenses of this lew
iledged reform administration have ourun the
current receipts.
The Secretary reports tia, the debts due from
the banks will redeem tie remaining Treasury
notes.
Erporis-year ending Sept. 30, 1880.
Estimated at $ilS359,0 being S9,672,366
more than in the year 1888.
Imports.
Estimated At SI57, 600 5G0--hcing S43,S92, l56
over the previous year. The Secretary hints that
this overriding is the Of portion Of the
present money pressure. Perhaps, however, af-
ter The deduction CT imports purchased and paid
for by The extraordinary sales Of state stocks it
will he found HAT the excess of imports in 80 is
not comparatively greater ,iIan in Other years.
Estimates far lS4).
The receipts are estimated ut only SlS,G000C0,
which, added to to the balance Oh hand, will make
the aggregate ?2O, l56 1856 90
The expenses are set at 22,150,O00 co
leaving deficit of over two millions and half
which, however, the Secretary hcpes to get from
the debis due from The banks For future years
HE Secretary talks about large reductions nam.
ing Is millions as the lowest point of reduction,
however; and this not until the pensioners have
died off, and the Indian wars ccused. Judging
from the progress of the Florida war, and The
signs Of The times the western border, the
promised day will hardly arrive under This admin
istrntion, We have been curious to Discover
whether, in the progress this reform which is
talked about with such sudden zeal, the great ar
my OF office holders was to he reduced 1t strikes
Ms Iha! the reduction Of The tariff, and the great
decrease which is anticipated in land sales, might
open the way for nm =" honorable discharge to
some thou sands of place men. The ietrencing
Secretary does not INN lis searching glance in
that direction. He does indeed hint that pro
rata reduction in pay might be effected II work
hardly 10 he expected, however, so long MS The
ayeeS TO rule both the treasury and the coun-
try. 1t is evident that Mr. Woodbury looks upon
the legion OF p!ace-hoIders as pnrt in The de-
fence of the party which cuunot he reduced
--evcn nj the earnest call of "re.renchment and
REFORM"
receipts and expenditures, or in other words,
efficiency of funds aud urges Congress To devise
a remedy. He suggests nothing very definitely,
but significantly remarks that, without pcrma.
nent fund, authority in the department to post.
p0ne appropriations, or some potoer TO borroi1 mo-
neg or issue, interest, nhen necessary, DRAFTS
ExcBEQUER BILLS, 10 fnancia system, in uny en-
lglIteGed country Inns been, or can he, long ad-
minis'ered with safety and HONOR This sqninls
bunk iOise. A proposition TO empower the Treas
ury 10 borrow money and issue drafts or exche.
quer bills, looks very much like great govern
ment paper MILL founded on "burrowed credit"
We hope Ihe locoiocos will not be surprised at
such proposition from that quarter. 1.-THE Sec
rotary ran urge them TO commit the public treas.
ire to the Executive why not add the power 20
make money (paper, though it be, and made
credit tooO when The President wants it?
The remainder OF the report is devoted 20 the
banks and The sub-IreaSury.
Post Office Department. The Postmaste, Gen
era reports ll,ar the post roads on the 30Ih Nov.
extended l33,999 understanding the annual mile.
aye "a I96S7S AT an expense of ;3,2S5,G22. On
the 30ll' oi June last, the number of post offices
WIS 1880 being nett increase of 26l durmg
the preceding year the number of post offices on
the Both of Nov. was i3,G28, 1883 poslnlasiers
have been appointed the paet year. The revenue
of the department on the Both June last was
$4,l7G,G}6 Sc
Expenses l62l, III Sc
The surplus on hand prevents embarrassment
10 the department. Compared with last year the
revenue has increased , ~ per cent
The PosnHser General praises his deputy post
masters generally for not Swartwollins To very
large extent admins that some of them use the
money of the department for private speculalons
and suggests that nothing viii prevent this, hut
law of Congress making such conduct penal. A
considerable part Of the report is occupied with
the controversy between The department and tho
rail rond companies mn increase Of pay 10 wit.
nesses against mail robbers is recommended, and
The report closes with the Information that an n
gent hns been sent 10 England 10 watch the oper-
alton Of the rncal change in the rates of postage,
which has been Iiale ia that country.