Spirit of the times. [volume] (Ironton, Ohio) 1853-1858, 1853-12-13
IRONTON OHIO, TUESDAY, DECEMBER 1s. 1858.

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with such Indirect relation to agriculture man !,
ufacturcs, and the products Of the earth ana v
sea as 10 violate no constitutional doctrine,
and yet vigorously promote the general welfare.
Neither as to the resource, Of the public trea.
sure, nor rs to the manner Of keeping and
managing it, does any grave controversy now
prevail, there being general ocquesencc IN I
the wisdom Of the present system.
The report of the Secretary Of the Treasury I
will exhibit in detail, The state OF the pubic
finances, and the condition OF the various
branches Of the public service administered by
that depi irimcnt Of the government.
The revenue OF the country, levied almost
insensibl> to the tax payers, goes on from year
t. year increasing beyond either the interests or
the prospective wants Of the government.
Al The close OF the fiscal year ending June
30, 1852, there remained in the treasury bal
ance OF fourteen million six hundred and thirty.
wO thousand one hundred and thirty six dol
lars. The public revenue for the fiscal year
ending Jun. 80, 1853. amounted to hity-e'ght
millions nine hundred and thirty one thousand
eight hundred and sixty-fvc dollars from Gus
toms. and to two million four hundred and five |
thousand, seven hundred and eight dollars from
public lands, and other miscellaneous sources,
amounting together 10 slxty-Onc million three
hundred aud. thrty.s,yen thousand five hun |
dred aud seventy four doll irs; while the public
expenditures lor the same period, exclusive, OF
payments OH the account Of the public debt. a.
mounted to forty three million five hun lred and
| fifty-fO thousand and two hundred and sixty
two dollars; leaving balance ol thirty two mil.
lion four hundred and twenty five thousand
tour hundred and forty seven d1llars OF receipts
above expenditures.
This iuc,, OF increasing surplus in the treasury, be-
nj n
carly period OF my administration aud tho path OF duty
il gard to il seemed TO obvious and clear; name
iy. FIRST apply the surplus revenue TO the discharge
of the public debt far Us il coud judiciously he
donc mud secondly, to devise means ior the gradual
reuc lion Of the revenue 10 the standard OF the public
cyiscncics
OF these objects. the FIRST has been IN the course oi
acc ccomplishmen, in manner aud To degree highly
satisfactory, The amount OF the public debt Of all
classes the iih Of March ,s53. sixty nine mill.
ion ono huntcd and ninety thousand and thirty seven
dollars; payments on account Of which have been made
since that period 10 the amount OF twelve nliion sew
en- hundred aud three thousand three hundred and
twenty nine dollars; leaving unpaid and in isc course
OF liquidation. the Of hy-sx million four hundred
aud cgh,y-six thousand hundred aud eight dol
lars. These payments although inadc nj the market
price of the respective classes OF stocks, have been e'
iec,cd readily and 10 the general advantage OF the
treasury, aud have the same time proved Of signal
utility in the reIic they have incidentally Afforded 10
the money markr, and the industrial and commercial
pursuits OF the country,
I The second of the above mentioned Objects that Of
the reduction OF the ,ai is Of great Importance and
the plan suggested by the Secretary Of the Treasury
which is to reduce the duties certain articles and to
add TO the free list many articles taxed and espe
= cially such enter into manna. 'urcs, and nrc no
largely or at produced in the counlry,i Is conmen
. c ed 10 your cardid and careful consdc ration
You will find in the report OF the Secretary OF h'
Trca sury, also aLunan, proof OF the entire adequacy
OF the presen, fiscal system TO meet oil the require
mcnis ofthe public service and that, while proper'!
admins II operates TO the advantage OF the com
n ,nunty in ordinary business relations.
,r Respectfully ask your attention 10 sundry sugges
,ions of improvements the settlement Of accounts
At, especially reg trd. the large SUNS of outstanding
arrears due 10 the government and of other reforms
he administrative at,ien OF his department, which ar
indicated by the Secretary; also to the progres
e. ma c in The construction OF murine hospitals custor
as houses, and OF mint in California. and assay o.
h fee in the city Of New York. heretofore provided for
Con .rc.s aud also 10 the cmineny successful prog
)" r.ss of the Cons, Survey and the Light House Board
~ Among the objects meritng your attention WILL b
inn
War and Navy. lam fully satisfied that the navy
tho United States is not in condition Of strength III
.a;c.rcy to commensurate with the magnitude of OF
~ oo,,mcrcial md other interests; and commend
~ ,r nccinl attention the sucge s,ions OH this suhcc
NJ m,dv hv the Secretary Of the Navy. respectful
rv .,,;, lin, The arm, which nndcr our sy stem, mu
he ,yovs he regarded with the highest interest as
ceous around which the volunteer forces Of the natif
ne ,,r in the hour o danger reqiures augmentation
nd n,I;Gc,,o, IN adu il to the present ex,sndcn In
NJ ,,,, ron., r.,,,;ors of tho country and the co
,,;., rh. India, tribes in the interior of the con
m ,ho r.,.ss;,v ,f which will appear in the cor
of i,,,;o, ,f ,,c Secretaries of War md the Inle
m. -.
of T., , ,,,;,,;s,.,so. If ,hc Pos, Office d.partmc
ne FIR the fiscal wear ending June 20 1s5) the gross
IN pendture was scvea million nine hundred and eight
in ,,.,,,ua s.,on h,,drrd and 6fiv six dollars n
Of 49,. r.,.,,. a,r,,c III. same perod were f
millions nme hnnd,ed and forty two thousand sew
lily h,ar.d on thirty showing tia, the curren, re
OF . c;od =, mcs,,b, currcut exuenses of the depa
OF 80, L, IN. ann of,vo m;,l,o, fpr,v,wo thou sa
NJ 49,, ,,,,,y.,,vo so,l,rs Til. causcs which under
IN svs,.m and laws. led inevitably to II
IN ..n .ro f,,y .xnlain.d in the rcpor, of the po
H. c.-...,. ,,,. r,.,, ,,u,. h.i,c the enormc
n.y. " ., H.. h..r ,omre,.a IN nav
I'VE ".' Wv .,....h,, ,.;,.ooa .ouna,ics
'nS "' ,,,'; j.; ,,. roro-, of,b. Postmaster Gene
;..on,. md .vn.n di,ures by mail steamers
m bc 10 md pccu,iarly sting aud ofa character
~ ~ so,,,,1 n. ;r,m.Jo,e action of Congress