Preble County Democrat. [volume] (Eaton, Ohio) 1857-1859, 1857-12-17

lions five hundred and thirty-two thou
sand eight hundred and thirty-nine dol
lars and twelve cents, (SSS, 532, 939 12).
The public expenditures for the fiscal
year ending 3Oth June, 1857, amounted
to seventy millions eight hundred and
twenty-five thousand seven hundred and
twenty-four dollars and eighty-fve cents,
1882, 724 49, of which five millions
nine hundred and forty-three thousand
and eight hundred and n~inety-six dollars
ninety one cents (S5 ,943, 1876 81 were
applied to the redemption of the public
debt, including interest and premium,
leaving in the Treasury at the com
mencement of the present year on the
LIST of July, 1857, seventeen millions
seven hundred and ten thousand one
hundred and fourteen dollars and TWEEN
! ~ty-seven cents, ($17, 710,11 27.)
The receipts into the Treasury for
the first quarter of the present fiscal
year, commencing LIST July, 1857,
were twenty millions nine hundred and
tw~enty-nine thousand eight hundred
and nineteen dollars and e~ighty-one
cents, $50 929,S19 ST. and the estima-
ted receipts of the remaining three
quarters to the 30th June, 1853, are
thirty six millions seven hundred and
fifty thousand dollars, (S36, $50, OOO,)
making, with the balance before stated,
an aggregate of se~venty-fve millions
three hundred and eighty-nine thousand
and thirty-four dollars and eight cents
(S65,3S9,9 1874 OS) for the service of the
present fiscal year.
The actual expenditure during the
first quarter of the present fiscal year
were twenty-three millions seven-hun-
dred and fourteen thousand five hun
dred and twenty-eight dollars and thir-
ty-seven cents, (S23, 714,529 37,0 of
which three millions eight hundred and
ninety-fve thousand two hundred and
thirty-two dollars and th~irty-nine cents
(S3,995, 252 30 were applied to the re-
demption of the public debt, including
interest and premium. The probable
expenditures of the remaining three
quarters to Both June, 1858, are fifty
one million two hundred and forty eight
thousand five hundred and thirty dol
lars and sixty four cents, (S51 ,249,53O
CD including interest on the public
debt, making an aggregate of seventy
four millions nine hundred and sixty
three thousand ifty-eight dollars and
forty-one cents, (S74, 963, 05S 40 lcav-
ing an estimated balance in the Treasu-
ry at the close of the present fiscal year
of four hundred and twenty-six thou
sand eight hundred and seventy-fve
dollars and sixty-sevcn cents, (S426,
S75 10
The amount of the public debt at the
commencement of the present fiscal year
was tw~cnty-nine millions sixty thou
. sand three hundred and eighty-six dol.
lars and ninety cents $4,000, 1856 9O).
The amount redeemed since the Isl
of July was three millions eight hun
bred and n~inety-fye thousand two hun
dred and thirty-two dollars and thirty
nine cents (S,3,S95,232 3O-lcaving
I balance unrcdcemcd at this time o
twenty-five millions one hundred ant
sixty-fve thousand one hundred ant
f fifty four dollars and ffty-one cent
t (S25, 165, 154 SD.
The amount of estimated expendi
lures for the remaining thrcc-quartcr
of the present fiscal year will, in al
, probability, be increased from the eau
ses set forth in the report of the Secrc
t tary. His suggestion, therefore, tina
i authority should be given to supply an.
t temporary deficiency by the issue of
limited amount of treasury notes, is APP
: approved, and [ accordingly recommcn,
e the passage of such a law.
As stated in the report of the Score
tary, the tariff of March 3, 1857, ha
e been in operation for So short a periu,
S of time, and under circumstances s
unfIVorable to a just development of it
n : Tnc1lfc nc n ro-on,,o 49,
should regard it as incxpedicnt, at leas
for the present, to undertake its revi
: sion.
S l transmit herewith the reports mad
C to me by the Secretaries of War and o
+ the Navy, of the Interior and of til
: Postmaster General. They all contail
S valuable and Important information, ant
n suggestions which l commend to tn
favorable consideration of Congress.
v l have already recommended the rails
ing of four additional regiments, ant
the report of the Secretary of War pre-
sents strong reasons proving this in
e crease of the army, under existing cir
e cumstances, to be indispensable.
1 would call the special attention o
Congress to the recommendation of tn
Secretary of the Navy in favor of tn
construction of ten small war steamer
S of light draught. For some years tn
Government has been obliged, on man,
e occasions, to hire such steamers from
individuals to supply its pressing wants
At the present moment we have no arm
ed vessel in the navy which can pcne
c trate the rivers of China. We have bu
few which can enter any of the harbor
a south of Norfolk, although many mil
lions of foreign and domestic commerce
annually pass in and out of these har
bors. Some of our most valuable in
/ ~tcrests and most vulnerable points ar
thus left exposed. This class of vessel
of light draught, great speed and heav,
II guns would be formidable in coast de
Tense. The cost of their construction
will not be great, and they will rcquir,
C but a comparatively small expenditure
G to keep them in commission. In tim,
of peace they will prove as effective a
much larger vessels, and often NOR
useful. One of them should be at eve
e ry station where we maintain a squad
ron, and three or four should be con
&c stantly on our Atlantic and Paci6