The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1862-12-06


employed as securities. The public credit
moreover, would be greatly improved. and
the negotiations Of new loans greatly faciIi.
tated by the steady market demand for
Government bonds which the adoption OF
the proposed system would create.
1t is an additional reco mme ndation of The
measure, Of considerable weight, in my
judgment, that it would reconcile. as far as
possible. all existing interests. by the op
portunity offered to existing institutions to
re- organize under the act. substituting only
the secured Uniform national circulation for
the local and various circulation, secured and
unsecured now issued by them.
The receipts into the Treasury from ali
sources. including loans aud balance from
the preceding year. for the fiscal year end
ing the 3OIh of June. 1862. we're 1888. eS5..
PAT CO, Of which sum $40 ,056, 1877 90 were
derived from customs; 81, 795,22l 10 from
the direct tax; from public lands. Sl52 ,203
II, from nscellaneou sources. S93l.7S7
81; en- loans 10 all forms, 1929 .692. 46O so
The remainder. So. 257, O65 so was the bal
ance from last year The disbursements
during the same Ieriod were: For Congress
sional, Executive and Judicial purposes,
SIS 939 OO9 90; for foreign intercourse,
81 ,339. 10 So; for miscellaneous expe nses.
including the MINIS, Loans, Post office de
fciencies, collection OF revenue and other
ike charges, Sl4.l29.7 III so; for expenses
under the Interior Department, S3,102.
9s5 SO; under the War Depar ment.
1894, 1868, 4O7 Sc; under the Navy Depar,-
mont, s42,674.56 500 SO; for interest on the
public debt, $3.50. 324 - aud for the
payment Of the public debi, including re-
endorsement of temporary loans andredemp-
lions. S96, O96. 922 %; making an aggre-
gate OF $3.50, SAL 700 %, and leaving a bal
ance in the Treasury On the lst day of July.
1862, Of Sl3,O43. do 81. 1t should be
observed that the sum Of S96, 1856, 922 90.
expended for endorsements and redemp-
lion of the public debt, being included also
in the loans made, may be properly deduct
ed both from the receipts aud expenditures,
leaving the actual receipts for The year,
S4S7 ,78S, 1924 81, and the expendi .ures.
S474,744,788 is Olher informatio On on
the subject of the finances will be found in
the Report Of The Secretary OF the Treasury,
to whose statements and views l invite
your most candid and considerable atten-
ton.
The Reports of the Secretaries Of the
Navy and War are herewith Transmitted
These reports, though lengthy, are scarcely
more than brief extracts Of the very nu-
mercus and extensive transactions and op-
eraIions conducted through these Depart
ments, nor could | give summary of them
here upon any principle which would ad-
nit of its being much shorter than the re-
ports themselves. | therefore content N.Y.
self with laying the reports before you, and
asking your attention to them.
1t gives me pleasure to report a decided
in the financial condition of
the Post-ofhce Department as compared
with several preceding years. The receipts
for the fiscal year 1861 amounted to S8,-
349, go 40, which embraced the revenue
rom all The States of the Union for three
quarters of that year. Notwithstanding
he cessation Of revenue from the so called
Seeded States during the last fiscal year,
he increase of the correspondence Of the
oyal States has been sufficient to produce
revenue during the same year of SS,299,
800 90, being only $50 900 less than was
derived from all the States Of the Union du
ring the previous year. The expenditures
show still more favorable result. The
amount expended in 1861 was Si3. $685.
759 H. For the last year the amount has
been reduced to SI1.195.364 l3 showing
decrease OF about SO. 4sl 900 in the expen-
itures, as compared with the preceding
ear, and about S3,750,O0O as compared
with the fiscal year 1860 The deficiency
q the Department for the previous year
vas 81. 55I ,966 %. For the last fiscal
ear it was reduced to SO. 1884 ST.
These favorable results are, in pant, owing
0 the cessation Of mail service in the insur.
States, and, III part. to a casual
eview of all expenditures in that depart
nent, in the interests of economy. The
Efficiency Of the Postal service it is believed
as also been much improved. The Post
laster General a'so opened correspond
nee, through the Department Of State,
'iIh foreign Governments, proposing
of Postal Repre<en ativos. for
he purpose Of simplifying the rates OF for
IGN postage, and to expedite the foreign
rails. This proposition, equally important
our adopted citizens and to the CONNER
ial interests of this country, has been ia
orably entertained and agreed TO by all the
from whom replies have been
aceived. | ask the attention OF Congress
the suggestions of the Postmaster GEN
raj iu his report respecting the further
gislstion required. in his opinion. for the
enefit of the postal service.
The Secretary of the Interior reports as
flows in regard TO the public lands:
The public lands have ceased TO be a
,urce of revenue. From the lst of July,
SCI. to the 30th of September, 1862. the
ntire cash receipts from the sales of lands
ere Sl37, 416 26, sum much less than
lie expense of our laud system during the
.me period. The Homestead Law, which
i'll take effect on the LIST of January next.
Hers such inducements to settlers that sales
n cash can not be expected to an extent
Efficient to meet the expenses OF the Gen
al Land Office, and the cost of surveying
II bringing the land ipt market"
The discrepancy between the sum here
ated as arising from the sales of the public
nds and the same derived from the same
URGE as reported from the Treasury De-
lrtment, arises as l understand, from the
ct that the periods of time. though appa
nlly, were not. really coincident al the
'ginning point-the Treasury report in
uding a considerable sum now which had
eviously been reported from the Interior,
ffleiantlr 1arpa tn Oyavreach the sum do Z ,