The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1853-12-15

lie revenue for the fiscal year ending June
80; 1858, amounted to fifty eight millior
nine hundred & thirtv-one thousand eigh
hundred and sixty-fve dollars from Gus
toms, and to two millions four hundred
and five thousand seven hundred and
eight dollars from public lands and other
miscellaneous sources, amounting togeth-
to slxtyone million three hundred and
thirty-seven thousand FIVE hundred and
seventy four dollars; while the public ex-
penditures for the same period, exclusive
of payments on the the account of the
public debt, amounted TO fortythree mil
lion five hundred and nifty -four thousand
two hundred and sixty-two dollars; leav-
ing a balance of thirtytwo million foul
hundred and twenty-five thousand -four
hundred and forty-seven dollars of re-
ceipts above expenditures.
This fact, of increasing surplus in the
treasury, became the subject of anxious
consideration at very early period of my
administration, and the path of duty in
regard to it seemed to me obvious and
clear; namely, first, to apply the surplus
revenue to the discharge of the public
debt, SO far as it could judiciously be
done; and secondly, to devise means for
the gradual reduction of the revenue to
the standard of the public exigencies.
Of these objects, the first has been in
the course of accomplishment in mat
ter and to degree highly satisfactory
The amount of the public debt of all class
es, was, on the 4th of March, 1853, sixty
nine million one hundred and ninety thou
sand and thirty dollars; payments
on account of which have been made,
since that period to the amount of twelve
million, seven hundred and three thou
sand three hundred and twenty nine dol
lars; leaving unpaid and in the contieu-
Gus course of liquidation, the sum of ff-
ty-six million four hundred and eighty
six thousand seven hundred and eight
dollars These payments, although made
at the market price of the respective class
es of stocks, have been effected readily
and to the general advantage of the treas
ury, and have at the same time proved OF
signal utility in the relief they have Incl
dentally afforded to the money market
and the industrial and commercial pur-
suits of the country.
The second of the above mentioned OBJ
jects, that of the reduction of the tariff,
is of great Importance, and the plan sug-
gested by the Secretary of the Treasury,
which is to reduce the duties on certain
articles, and to add to the free list many
articles now taxed, and especially such
as enter into manufactures, and are not
largely, or at all, produced in the country,
is commended to your candid and careful
consideration.
You will find in the report of the Sec
retary of the Treasury, also, abundant
proof Of the entire adequacy of the pres
ent fiscal system to meet all the require
ments of the public service, and that,
while properly administered, it operates
to the advantage of the community in or
dinary business relations.
I respectfully ask your attention to sun
dry suggestions Of improvments in the
settlement Of accounts, especially as re-
CARDS the large sums of outstanding ar
rears due the government, and of other
reforms in the administrative action of his
which are indicated by the
Secretary; as also to the progress made
in the construction of marine hospitals,
custom houses, and of new mint in Cal
ifornia, and assay Office in the city of New
York, heretofore provided for by Con-
gress; and also to the eminently success
full progress of the coast survey and the
light house board.
Among the objects meriting your at
tention will, be important recommenda-
tions from the Secretaries of War and
Navy. [ am fully satisfied that the navy
of the United States is not in a condition
of strength and efficiency to commensur-
ale with the magnitude of our commercial
and other interests; and commend to your
special attention the suggestions on this
subject, made by the Secretary of the
Navy. I respectfully submit that the ar
my which, under our system, must always
be regarded with the highest interest, as
a nucleous around which the volunteer
forces of the nation gather in the hour of
Danger, requires augmentation, or modi-
ication, to adapt it to the present extend
ed limits and frontier relations of the
and the condition of the Indian
;ribes in the interior of the continent; the
lecessiey of which will appear in the
of the Secretaries of War
md the Interior
In the administration of the Post Office
department. for the fiscal year ending June
20, 1853, the gross expenditure was sew
N million nine hundred and eighty two
thousand seven hundred and ffty-six dol