The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1861-07-24
The Treasury and War Department.

The reports of the Secretaries oil the Trea-
sury and War Departments are next in m-
poriance 10 the message OF the President
Secretary Chase shows that the whole
amount required for 1862 will be S3ls,5i9.
5sl. The appropriations already made
amount 10 SO ,7IO,s7O. To supply the de-
ficiency from revenue he advises the raj
sing Of $4,000, 900 by tax and s24O, 900 600
BY loans. Notifications of the tariff are
also recommended, imposing duly OF 23
cents per pound on broHn sugar, cents
on refined sugars, cents on coffee, Is cents
on black tea, and 30 cents on green tea
As TO taxation, he says:
The value os real property is estimated at
SII, ,272 053 ,s81, and value of personal prop
ery at S4,830,ss0 535. The proportion of
the property oil both descriptions in the
United States, excluding those at present
under insureciion, is SIC, 300, ,75s ,009, of
which sum $3.50, $40 ,6O3 represents, ac-
cord ng 10 the best estimates, the value of
The real, and So 270, ,227 4O4 the value of
the personal property. A rate one eight of
one per cent advaIorem on the whole real
and personal properly of the country would
produce sum OF $50. 1913 667
! rate of one fifth OF one per cent on the
real and personal property Of the States not
under instruction would produce the sum
OF S2l. .S0O,o56; and rate of three tenths of
one per cent on The real properly alone in
these States would produce S32, 1891, 500
either sum being largely in excess of the
amount required.
The expediency of opening a subscrip-
tlon for a nat ionaI loan of SO 0OO, 900 is
also suggested-to be issued in the form of
Treasury notes or exchequer bills bearing
yearly interest of $40 per centum, TO be
paid half yearly, and reGeemabe at the
pleasure of the United States after three
years from date.
The Secretary also suggests a retrench-
ment OF current expenses of Government
by reducing salaries and wages 40 per cent
by abolishing The ranking privilege, and a
reduction of postal and other expenses
The property of those engaged in the in
surrection might also be made TO contribute
lis share by forfeiture.
The Secretary of War Mr.. Cameron,
shows that the force now in command of
the government is $40, 600 men, which will
be reduced 10 239 900 after The discharge OF
three months volunteers Mr.. Cameron
recommends that the term of enlistment
for the new regiments be three years, and
all who are houorably discharged al the
close of the term receive a bounty of 800
The Appropriation required beside that ala
ready made for The year ending June 30,
for the force now in the field, is stated at
Sls5, ,296, 397. The report recommends n
reorganization Of the militia and of The sys-
:em of education al West Point. An Assis-
tant Secretary of War is also asked for.
The arms made a. our national manufac-
tories compare, he says, most favorabIy
with the best made for foreign governments, /,
and recommends The making of :hose arm.
we may require, and which the national
armories cannot supply, by private manu-
faciurers in place OF foreign ones AS the
rife cannon is so efficient, arrangements
have been made for rifing a large portion
OF The guns now on hand.