Plymouth banner. (Plymouth, Marshall County, Ind.) 1852-1855, 1853-12-15

+ the products of the earth and sea. as To
violate no constitutional doctrine, and
yet vigorously promote tie general well
fare. Neither as to the sources Of the
public treasury, nor as to the manner of
keeping and managing it. does any grave
controversy now prevail. there being a
general acquiescence in the wisdom Of the
present system.
The report Of the Secretary OF the Treas
ury will exhibit in detail the state of the
public finances. and the condition of the
various branches Of the public service ad-
ministered By that department Of the Gov.
eminent. The revenue Of the country.
levied almost insensibly to The tax payer.
goes on from year 10 year. increasing be
+ yond either the interests or the prospect
i've wants of the Government Al the
close Of the fiscal year ending June SO
1882, there remained in The Treasury
balance Of fourteen millions. six hundred
and thirty.two thousand, one hundred
and thirty dollars.
The public revenue for the fiscal yea,
ending June 3Oth, 1888. amounted TO fif
/ ty-eight millions. nine hundred and thir
ty-one thousond eight hundred AMI six
tyfye dollars. from customs. and two
millions, four hundred and five thousand
seven hundred eni eigat dollars. from
/ public lands and other miscellaneous
sources: amounting togeth ther, 10 sixty one
millions. three hundred and thirty-s ven
thousand. five hundred and seventy four
ars;-whi!e the public expenditures
far The same period, exclusive Of pay
ments on account Of the public debt.
amounted to forty three millions, five
hundred and iifty-four thousand, two
hundred and sixty-two dollars; leaving
balance Of thirty-two millions, four hun
dred and twenty-five thousand. four hun
dred and fortyseven dollars of Tecei pts
above expenditures.
This fact Of increasing the surplus in
the Treasury. became the subject Of anx-
iouS consideration at a very early period
of my administration, and the part of my
duty in regard to il seemed to be obvious
and clear. namely: first TO apply the sur
plus revenue TO the discharge of the pub
lie debt. 80 far as it could possibly be
done. and secondly to devise means for
the gradual reduction of the revenue TO
the standard Of the public esigencies.
ci these obe.ts. the FIRST has been in
the course Of plishment in a man
ner and to a degree satisfactory. The
amount of tie public debt Of all classes
was on the fourth OF March 1853, sixty.
nine million, one hundred and ninety
thousand and thirty dollars; pay
ments on account of which have been
made since that period TO The amount of
twelve million. seven hundred and three
thousand, three hundred and twenty nine
dollars leaving unpaid and in the contin-
; uous course OF liquidation, the sum Of fifty
six million, four hundred and eighty six
thousand, seven hundred and eight dol
lars.
These payments. although made at the
, market price of the respective classes OF
, stocks. have been effected readily. and TO
the general advantage OF the Treasury
and have at the same time proved Of sig
, nal utility iii the relief they have Incl
, denta!ly afforded to tie money market.
. and to the Industrial ami commercial
2 pursuits of the country.
The second Of the above mentioned
objec,s-that of the reduction of the tar
= ilT-is Of great Importance, and the plan
suggested BY the Secretary Of The IRE asusy
, which is TO reduce the duties oa certain
articles. and to add 10 the free list many
articles now taxed. and especially such
as enter into manufactures and are no.
: largely or are not at all produced in thi.
, country. is commended 20 your candle
5 and careful consideration.
You will ini in the report of the Sec
retary of,he Treasury, also, abundant proc
n of the entire adequacy oe the presen
s system to meet the requirements Of tn,
: public service, and that while properly
t administered. it operates 10 the advantag'
e of the community, in ordinary business
relations.
respectfully ask your attention Il
e sunlry suggestions of Improvements il
Q the settlement of accounts, especially "a
IS regards the large sums of outstanding
e arrears due TO the government. and o
rs the reforms in the administrative actiol
Il Of this de partment. which are indicate
? by the Secretary, as also 20 the progres
: made in the construction Of marine hos
: pitfalls. custom houses and of new min
le in California. and an essay Office in NeN
e York. heretofore provided foI by Congres:
r aud also TO the eminently successfu
d progress of the coast survey. ana OF III
n. Light House Board
b. Among The objects meriting your atter
le ,ion, will be important recommendation
b. from the Secretaries of War and Nav,
am fully satisfied that the navy of Ii
st United States is not in a condition
j. strength and efficiency commensurat
t. with the magnitude of our commerci'
OF aud other interests. and commend I
lc your respectful attention. the suggestion