The independent press. (Abbeville C.H., S.C.) 1853-1860, 1854-12-15
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DOMESTIC Asf4
The Treasury Report is erred 10 sfor :,
tail sntoflnation on the Important subject !
Iof the Federal finances. The totaE tavaniiass
ffof the last fiscal year was &7 s,54S. F0Jsana &
the correspo ponding expendi ditures exciius;Ss !
%. the public debt were $6l ,0I82 ,ssSs;
The payments on account ofs the pui;Iiic Il
debt including interest and premium. .reacK
I ed $24 $3.50, 2s0. he balance iii Treasurs q Z.
the commencement Of the year Mas S2f
942, 80 and the close $2O, ,IS7, ,g81
The estimated excess for the current fiscal
year under existing laws overall ordinarv
demands will reach 81 :, 2,000,O 600 The pub
lie debt outstanding on the s20.k Nov: spas
$44,975, ,458, in different issnes 81, Stock
redeemable through sanpesof> < fourteen
years. The public debt overdue; but not
presented for payment, equals $fsS,178.
II Is recommended TO- continue the system
OF applying the surplus, as far as practicable
under financial conditions, to cancelling the
public debt by anticpatiFe redeniptio ion &C.
Stocks. 1t is also strongly recommended
to reduce the annual surplus BY lowering:
the duties to standard corresponding with
the demands of just administrators. ReYe-
nue. and not protection being now the esfab-,
Elished principle inregulation. of the ssduty-a
Flaws, it will not be found difficult Is agree
ION details. .t5S ss3s. 80 Us E u
1t is stated that within the fouirsSsYeteaf
next preceding, the 4th March, i 853--that
is, throughout tho period $of the preceding
| term of Administrations treasury Mas
defranded to tho amount $I9s,O0O at the
four ports of Oswego, Toledo, Sandusky
and Milwaukee It was found difficult to
detect these frauds, in consequence of the
abstraction of books and papers by retiring
officers; New provisions Of law are recon-
mended, requiring the books and records of
officers to be left in their proper repositories,
under adequate penalties. The treasurers
report, it is said, furnishes ample illustrations.
Of the financial security and prosperity of
the country, and of the salntary operation
Of the independent treasury system.
INDIAN AFFAIRs. q. -
! The experience of the year, furnishes
many painful reasons in favor Of ansincrease
in the military force allotted ITO the frontier
defences. The frontier settlers have suffered
much, and; large bodies Of femigrants have
been massacred. The ariny has done its
/ duty nobly and displayed, its characteristic
fgaliantry,, bat AN increase g impsratively
demanded. ~ 81
The increased pay allowed BY the net Of
last session for she rank and file, has result
ed favoraBy, not only in facilitsting enlist
nent, but in providing better class Of re- 2
cr1rits. Additional provisions Of similar
character are recommended for. oaGcers.
An increase also Of two regiments Of iip&ant-
ry and two Of mounted men, Is urged as
the least increase adequate teexisting elner- :
gepcies. ~. -, ;ssfss - IL
. Changes in organization aud arrangesueEt
are.also proposed, such ,as a deyolution sof
staff duties, on officers detached from tKs
regiments concerned An extension Of the
range of selections, OF modification of the
present parctiee Of promotion seniority
and retired list. .,s:&l 81 ~
As to- ARTILLERY, thorough SiSIFFor-
ganization is proposed, involving d change
from regiments to corps. according to- bat
teries, and to actual artillery outfit, @9ch
Of the force now nominally rated asaafil-
lery, has'long been practically q duty as
Infantry. 6. y: rs q
Tile. .nngmentatioR ef -tbiis 8 Has nca
kept pacs with the demaadz II snece essaritx at.
tending 0as oxpansion sof area aud maritime
interests. The Apprentice system ID ear.
nestIy. proposed. for public Sycssels5 of war.
Tie numerous and tragicaI INIT Ok
marine disasters, crowded togethes d thin iaHs
Flew past months demand Unrest i0n aasl
attention. di6fculty in peasing YSlliisss:s y
File iseamen Isl ssnsibl fell, sIa may hKye
some cOginetsiDn vit ke fes sfesras3