The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1853-12-23

ducts of the earth and sea, as to violate
ho constitutional aocirine, and yet vlgnr-
outly promote the general welltare.-
Neither as TO the resources TO The public
treasure, nor as 10 the manner OF keep
ing and managing it, does any grave con
iroversy now prevail, there being gener-
al ncquiescence in tho wisdom Of the
present system.
The report of the Secretary OF the
Treasury will exhibit in detail, the state
oftho pnblic finances, and The condition
Of the various branches of The public ser
vice administered by that department OF
the government. u..
The revenue Of the country, levied al
mos, insensibly TO the tax payers, goes
on from year TO year, increasing beyond
either the in,eresist of the prospective
wants of the government.
AT the close of the fiscal year ending
June 80, 1853 there remained in the
treasury balance Of fourteen million six
hundred th;rty-two thousand one hund-
red and ,hirty-six dollars. The public
revenue for the fiscal year ondirg June
80, 1858, amounted to fflyreight Inilion
nine hundred and ,hirty>one thousand
eight hundred and sixty five dollars from
customs, and to two million foul hund-
red and and five ,hous,nd seven hundred
and eight dollars from public lands, and
other miset llaneous sources, amounting
together to sixty one million three huhd-
red and ihir,y.seven thousand hive hund-
red and seventy,four dollars; while the
public expenditures for ihe same period,
exclusive of the payments on the account
Of the p1blic debt, amounted to forty
three million FIVE hundred aud fifiysfonr
thousand and two hundred and sixty two
dollars; leaving balance Of thir'y.two
million four hundred and twenty five
thousand four hundred and forty seven
dollars ofreceipts above expenditures.
This fact, of increasing surplus in The
treasury, became the subject Of anxious
consideration at a very early period of
nv administration, and the path Of duty
in regard to i, seemed TO me obvious and
clear: namely. first, 10 apply the surplus
revenue, to the discharge Of the public
debt, so far as it could judicous!y be done;
and secondly, TO devise means tor the
gradual reduction Of the revenue to the
standard of ihc public exigencies, q
OF these objects, the first has been IN
the course of accomplishment in a man
ner and to a degree highly satisfactory
, The amount of The public debt OF al
classes, was, on the 4lh Of March 1858
, sx;y.uine million one hundred and nine
! Nv thousand ond ,hiriy-seven dollars: pay
! men,s on the account of which have hee'
g made, since tha. period to the amount @
1 twelve million seven hundred aud thre
thousand three hundred and twenty-n'n
e dollars; leaving unpaid and in the con,r
i, uous course Of liquidation, the sum
y 6ny.six million four hundred and eight!
,s ak thousand seven hundred and elgt
ar dollars. These payments although mad
of a, the market price Of the RESPECTIVE
j. classes Of stocks, have been effecte
Of readily and to the general advantage
c. the treasury, and have at the same tin
oy proved ofsisnal utility in the relief th'
ID have inciden,ly sffmded to the mont
C. make, and the Industrial and CONNIE
a. cal pursuits Of the country.
OF The second OF the above mention
objects, that of the reduction oflhe tari
ch is of great importance, and the plan su
we pested by the Secretary of the Treasu'
nd which is IT, reduce the duties on ceEti
Mt, articles, aud TO add TO the free list ma
,u, articles now taxed, and especially su
We, as enter into manufactures, and are
er. largely, or at all, produced in tho cot
ci. try. is commended to your candid q
Mt, careful consideration.
all You will find in the report Of the s.
re. re,arV Of the Treasury, also, nbund
one proof OF tho entire adequacy Of the pr
lat ept fiscal system to meet all the requl
,,a! ments of the public service, and I'll
} Of while properly administered, it opera
tets 10 the advantage Of the community in
eAy dinarv business relations.
ltes Respectfully ask your al'cnlion 10
s to dry suggestions of improvement, in
nts; settlement Of accounts, especially as
lich CARDS the large sums oil outstanding arr'
lary due TO the government, and Of other
try forms in The administrative action of
site department, which are indicated BY
the Secretary; ms also the progress mad
G Of the construction ofmarne hospitals, {
de- tom houses, and Of new mintin Cal
vital MIA, and assay Office in the city Of I
8. York, heretofore provide for by {
hich gress; and also TO the em'nently succ
gov, ful progress of the Coast Survey and
y of Light House Board.
sliiy Among the objects meri'ing your
con- ,en,ion will, be important recomme'
IN of tions from the Secretaries OF War
lt:on Navy. am fully satisfied that the +
spe- Of the United States is not in condl
ly Of strength and efficiency 10 CONNER
dical rate with the magnitude of our CONT
gov cial aud other interests; and comm en-
lule- your social attention the suggestions
dom this subject made by the Secretary o.
,me> Navy. respectfully submit that
and army which, under our system, mus