, 1860-12-11
DHFARTTHENTAIs REPORTS,
Abstracts Of Important Points.
From the New York World.1
TREASURY DEPARTMENT.

Inc report Of the Secretary of the Treasury
Is succinct aud lucid in It's details, but in its
OF the present financial difficulties of the coun-
trv, Congress Is urged to repeal SO much Of
the act OF June -, 1850, authorizing the issue
OF United States stock, for ST. 100000, Is will
reduce It to SO, 00,000 and to authorize the
Issue Of an equal amount Of treasury notes.
The Secretary thinks that power to issue
treasury notes to limited amount should
alWaEs exist in the department, aud asserts
that such power could never be abused-a
position which will not gain the assent Of all
his rcadela. It il stated that bidders for the
Late loan Of 0,000, ,0U0, under the aforesaid
act. hare failed to comply with its conditions,
and 1t is recon1nended that Congress should
Immediately authorizc the department to dis
pose Of the stock assignee. tlarm upon the best
possible terms, holding them responsible for
the loss. The remaining Sll ,000,000 is to be
met by the proposed issue OF treasury notes.
The balance remaining in tho treasury at the
81 sd Of 4ee9a' ha :e5 T. Of ,sss :cs
Total ss1 ,eal, 80 70
U-snetse1aeats...-. T',iGa, 1Gse =
Balance on hand July !, 1850. $3G29 aO6s1
OF the amount thus disbursed, 17,G13, ,G28
was paid towards the public debt, which was
Increased Notwithstanding, more than Sc, ,00O-
600 during the same period rs the amount
raised BY loans and treasury notes sras $3sj3,-
IA, 200. The estimated
1ssccipts to Ju1y ], 1861. a.c..... ssL3ts 3s6 .
The expenditures to that date,-... 81, ,1Q3 105.l7
Leaving balance aor.,............ $2s5, 6o1.58
This statement adds ono million to the pub
lie debt
Tie estimated receipts from July i.
1851. to Jnly !, 1s6s arc g. sai.5s
Leaving deficiency of.-............ $3.50. .s3is3
Relying, however, upon tho fact that the
sums drawn from the treasury By the respect.
ire departments, have usually been less than
the estimates, the Secretary thinks that the
above deficiency vii! be not only neutrallzed,
but that balance Of SONG S3,0O,000 will re.
main at the credit Of the department.
The permanent public debt, juno 80, 1sGo,
Was SIS ,Gs0, ,.s1AH6 aud the outstanding treas
uEy notes SlQ,G90,500. The usual estimates
and resources Of the government for the com
Ing two years arc considered abundaotly ade.
quate, Under ordinary circumstances. But In
The present threatening state Of politics, Of
course no trusty calculation can be made
Every elemcnt Of prosperity, apart from polit-
ical uncertainties exists.
The exports Of the last 1scsl year were $0o 2e6
Inc Imports. ......:.-.....-....-...... 36.163,9N
Lcarins favorable balance of........ $37,e5s&5
The revenues from customs was 53,187,5l1.
Planters and farmers have realized remunera~
tive prices, and every commercial and mauu-
featuring interest has rrosperel.
The report las the merit Of ofetralshtfogward-
ness and freedom, from ambiguity Or can't. No
regret is expressed, or pretended, st the threat
ened storm, which, It Is freely admitted, will
to the four winds.
REPORT OF TIE SECRETARY OF WAR.
The report Of the Secretary Of War is quite
minute In its details. The strength oil the
regular army Is substantially the same as At
the time Of the last annual report. The troopa
available for service On the border have been
actively employed in service against the 1ndi.
ans.
The department Of Texas has been restored
to peace aud relteTcd from all apprehension Of
invasion By maraudiug tribes by vcrY active
campaign, carried On in the heart OF the In
dian country. Owing to the many and daring
outrages ptrpetratsd By the hostile t.ihes ia
New Mexico, It was found necessary to with.
draw large portion Of the troops stationed in
Utah from that territory, aud to trausfeG them,
by rapid marches, to the troubled Districts
distance Of 100 miles through track1css viii
derness,
priations were made to sustain tile army upon
u peace footing, 1t has been found Necessary to
prosecute an active and ssuguiua.y war along
line extending from The thirty fifth to the
fony-sixth parallel of latitude, with numerous
tribes Of hostile lndians.
The importance Of restoring to the War de-
r.1tmcnt the superintendent and control Of
the 1ndians, is urged At length, on the ground
that the Idea Of obedience canuot be impressed
upon the saEagcs BY any other means than the
military power. :,
It appears that The quastermastcr has dis.
bursed, through tho agency Of his officials,
81 600 coo during the official term Of The
present Secretary. lie thiuks it would be dit-
dcult to secure more honest disbursement
or strict accountability On the part Of officials,
than has attended the expenditures made dur.
ing the past four years. =.
In order to facilitate t'e passage of troops
from the Mississippi Valley to the Pacific
co2Ft, a road f1as been constructed from Fort
Walla-Wa1la, on the Oregon River, across the
Mountains, 10 Fort Benton, at the head of the
Missouri Over this road detachment OF
500 men marched from the latter place, and
reached Walla-W -Walla in less than sixty days,
In good condition
The Colonel Of Ordnance reports that the
experiments for the improvement Of the coast
deicnse6, the casting Of cannon, and the man:
ufacture Of cannon powder, favorable to the
endurance Of heavy ordinance, have resulted
favorab1y. The superiority OF ritled cannon is
declared and the greoySn Of has The ordnance 1da
mode Of adapting them to the use Of James's
expanding pEu1et4i1cs. Arrangements havc
been ordered to be made to effect this change
with i portion Of the smooth bored guns In
use. In this connection complaint Is made Of
the statute prohibiting the purchase Of any
arms or military supplies whatever Of paten-
ted invention, as the department is unable to
procure supply Of the proper projoctiles with |
which to experiment.
The law of1Sos. relative to aiming and equip |
ping the whole body Of the militia Of the Uni |
ted States, is declared to be insu{ for tho
efectual accomplishment Of that object. :
4 national armoT5, for the fabrication Of
legislation to that end is urged.
The cxperfm ents with brtechloadinE arms
have resulted nyorably to that description Of |
weapon. They arc pronounced to be- "the