Fremont journal. [volume] (Fremont, Sandusky County [Ohio]) 1853-1866, 1853-12-17

'hS VI huuS dnu an tnc uhtlSiicu
] personal and domestic affairs Of society, rest
! surely npon the general reserve powers Of the
! people Of the several States. This is the ef-
leclve Democracy Of the nation, and there
the vital essence of its being and its greatness
of the practical consequences which flow
! from the nature Of the Federal, the primary
+ fact is the duty OF administering with ntegri.
ty and fidelity, the high trust reposed in it by
: the Constitution specially in the a2propri-
: alton Of the public funds as drawn BY taxation
5 from the people and devoted to specific OBJ
! jects by Congress
Happily, | have no occasion to suggest any
radical changes in the financial policy of the
Government. Ours is almost, il not absolute
y, the solitary power of Chrstendom having
a surplus revenue drawing imports and com
merce, and therefore measured by the spon.
taneous enterprise and natural prosperity OF
the country with such indirect rel alton 10 the
) agriculture manufacture and produce of the
! Garth and sea, rs 10 violate no constitution doc
trilc, and yet vignrou y promote the general
welfare, neither us to the sources Of the pub
|; treasury nor rs to til. manner of keeping
= aud managing it does any grave controversy
COW prevail; there being general acquics-
CUCC III IhC hiouOil W 'Dc pEcSeUl SNSlCUl.
The report Of the Secretary Of the Treasury
D will exhibit in detail, the state OF the iinancies
and the condition Of the various branches Of
7 the public service, administered by that de-
r partment Of the Government
The revenue of the country, levied almost
5 insensibly to the ax-payer, goes on from year
e to year increasing beyond either the interests
t or the prospective wants of the government.
AT the close of the fiscal year ending June
: 30th 1853, there remained in the Treasury
i a balance of fourteen millions six hundred
= and thirty-two thousand one hundred and
Z thrty-six dollars. The public revenue for
: the fiscal year ending June Both, 1853,
= amounted 10 iity.c ght millions nine hundred
t and thirty one thousand eight hundred and
e xty five do lars, from customs; and two mill
e four hundred and five thousand seven hund-
; red and eight dollars from public lands and
4 her miscellaneous sources-amounting to-
u gcthel, to six,y-one millions. three hundred
4 and thirty seven thousand, five hundred and
u seventy -four dollars; while the public expen.
: Llure for the same period, exclusive of pay
: ments on account OF the public debt amount.
e ed To forty three Millions five hundred and
:, ifty-f,ur thousand, two hundred and sixty
C two dollars-leaving balance Of thirty-two
millions, four hundred and twenty-five thou
O sand, four hundred and torty-seven dollars of
J. receipts above expenditures.
| THIS fact OF increasing surplus in the Treas
= ury became the subject of anxious consdera-
# ton at very carly yeriod of my administra
e on; and the path Of duty in regard to it
J. seemed to me obvious and clear, namely
first to apply the surplus revenues to the dis
II charge OF the public debt, SO far as it could
l. judlcious!y be done, and secondly, to devise
l. measures for the gradual reduction of the
$ revenue to the standard Of the public exigen-
= cirs OF these objects. the first las been il
= the course Of accomplishment in manner
is and to degree highly satisfactory.
10 The amount of public debt of all classes
v was on The 4,h of March, 1853, sixty nine
millions one hundred and ninety thousand ant
r. thirty seven dollars; payments on account o
RS Which we been made since that period Il
IL the amount of twelve millions seven hundred
o. and three thousand three hundred and thirty
e. nine dollars, leaving unpaid, and in the con
III tinuous course of liquidation, tie sum Of Il
" ty.six millions four hundred and eighty 81!
G. thousand seven hundred and eight dollars
III These fragments, although made at the mar
III kct price Of the respective classes Of stocks
,e have been effected readily, and to the gene
J. raj adyai tage of the Treasury, and have a
at the same time proved Of signal utility in tn
Is relief they have incidentally afforded to tn
Id money-market, and to the industr al and com
n mercial pursui of the country.
H. The second of the above mentioned OBJ lec;
he that Of the reduction If the tariff, Is
lv great importance, and the plan suggested b
e the Secretary of the Treasury; which is I
M reduce the duties on certain articles, and t
he add to the free list many articles now taxet
a. aid especially such as enter into manufac
ilh ur1s and are not largely, or at all produce
nj in the country, is commended to our car
* did an | careful consideration.
ch You will find in the report Of the Secret;
en- ry of the Treasury also abundant proof
d. the entire adequacy of the present fiscal So
in tenn to meet ali the requirements Of the put
ur lie service, and that, while properly admins
in tered, it operates TO the advantage of I'll
community in ordinary business relations.
ir. | respectfully ask your attention to sundr
on suggestions of improvement in the settlemeI
ms of accounts, especially as regards the larg
lse sums Of outstanding accounts due To the Go
of ernment and of other reforms in the admin
ic- istrative action of his department, which al
al indicated by the Secretary; as also 10 Il
NJ progress made in the construction Of marir
rst hospitals, custom houses, and of ii new mil
ot- in California and assay office in the city
&C. New York, heretofore provided Tor by Coz
he gress; and also TO the emnently sueeessf
la. progress of the coast survey, and of the llgl
NO house Board.
er, Among tho objects needing your atcnti'
ed will be important recommendations from Sc
ch retar es Of War and Navy. | am fully sat
err fled that the Navy of the United States
les not in a condition of strength and efficien
u.s. commensurate with the magnitude of o
la commerci anl other interests. and CONNER
an to your especial attention the suggestions
ge tn S subject, made by the Secretary of &
INT Navy.
of respectfully submit that the army whc
an unHar tha prasauf eUafan1 nusk alyvnCs