Charles City Republican intelligencer. [volume] (Charles City, Iowa) 1861-1864, 1862-12-11

| and would llSnteii the ouioeh vi th"'
part of the public debt employed as
securities. The public credit, more
over, would be greatly improved, and
the negotiation of new loans greatly
facilitated by the steady market de-
mand for Government bonds which the
adoption of the proposed system would
create.
1t is an additional recommendation
of the measure, of considerable
weight, in my judgment, that it would
reconcile as far as possible all exist
ing interests, by the opportunity Of
fered to existing institutions to reor-
ganizc 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
all sources, including loans, and bal.
ance from the preceding year, for the
fiscal year ending on the 30th June,
1862, were $3.50, $685. PAT 06, of which
sum $49,O56,3 60 were derived from
customs $l,795,33l 70 from the d.
rect tax from public lands 1852, 2O3-
II from miscellaneous sources
1891, 1871 ca from loans in all foams
1929, 692. AGO SO. The remainder,
$2,257,065 80, was the balance from
last year.
The disbursements during the same
period were for Congressional, Exccu-
tive and judicial purposes, S., 9a9, 009.
80; for foreign intercourse, 81 $3.50, TO
35; for miscellaneous expenses, inclu-
ding the mints, loans, postoffice def
ciences, collection of revenue, and 9th
err like charges, $l4,l29,7Tl SO for
expenses under the Interior Depart
ment So, lO2, 1856 SO under the War
Department 1894, 1854 Sc; under
the Navy Department. s42,674,569 60;
for interest on public debt $l3, l9O, 324,
As; and for payment of public debt.
including reimbursement Of Temporal.
ry loan. and redemptions. 500, 0a6, 922-
90; making an aggregate of S5IO, s4l :
700 IS and leaving balance in the
Treasury on the lst day Of July, 1862,
Of $l3,O43,546 81.
1t should be observed that the sun
Of 500, 096, 1922 90, expended for REIN
bursements and redemption of pobli,
debt, being included also in the loan:
made, may be properly deducted, bo,t
from receipts and expenditures, leav
ing the actual receipts for the year
$4SI, 7SS,324 81 /; and the expendi
lures $4T4,T44,71s l6.
Other Information on the subject oil
the finances will be found in the re-
port of the Secretary of the Treasu
ry, to whose statements and views
invite your most candid and consider
ate attention.
The reports of the Secretaries Of
War and of the Navy are herewith
transmitted These reports, though
lengthy, are scarcely more than briei
abstracts of the very numerous and
extensive transactions and operations
conducted through those Departments.
Nor could l give a summary of them
here, upon any principle which would
admit Of its being much shorter than
the reports themselves. l therefore
content myself with laying the reports
before you, and asking your attention
to them.
1t gives me pleasure to report de
cided improvement in the financia
condition of the Post Office Depart
+ ment, as compared with several pre-
. ccding years. The receipts for III,
fiscal year 1861 amounted S., 349, 296
+ 40, which embraced the revenue frou
all the States of the Union for three
? quarters of that year. Notwithstand
ing the cessation of revenue from tin
so-called seeded States during tn,
last fiscal year, the increase of the
correspondence of the loyal State.
has been sufficient to produce reve
nue. during the same year of $500,
$40 80, being only $4,000 less tina,
was derived from all the States of the
Union during the previous year. The
expenditures show still more favor
able result. The amount expended il
1861 was $l3,606,759 III. For tn,
last year the amount has been reduce,
to $ll 1875, 1874 l3, showing decreas,
Of about $2,4Sl 900 in the expendi
. lures as compared with the preceding
year, and about $3,T50,000 as com
: pared with the fiscal year 1860. Th'
deficiency in the Department for thu
previous year was $4,55l, 9G6 SO. Fo
the last fiscal year it was reduced t.
$2,ll2,8l4 ST. Thes favorable result.
arc in part owing to the cessation o.
mail service in the insurrectionary
States, and in part to careful review
Of all expenditures in that department
in the interest of economy. The eff.
cheney of the postal service, it is be
lieved, has been much improved. The
Post Master General has also opened
a correspondence. through the Depart.
ment of State, with foreign Govern
ments, proposing convention of pos
tai representatives for the purpose OF
simplifying the rates of foreign post.
age, and to expedite the foreign mails
This proposition, equally important to
our adopted citizens and to the com
mcrcial interests of this country, has
been favorabIy entertained and agreed
to by all the Governments from whom
replies have been received.
/ ask the attention of Congress to
the suggestions Of the Post Master
General in his report respecting the
further Legislation required. in his
opinion, for the benefit Of the postal
service.
The Secretary Of the Interior re-
ports as follows in regard to the public
lands
"Thc public lands have ceased to
be a source of revenue. From the LIST
July. 1861, to the Both September,
1862, the entire cash receipts from the
sale of lands were $l37,476 ga
sum much less than the expenses of
our land system during the same peri
cd. The homestead law, which will
take effect on the LIST of January next,
offers such inducements to settlers
that sales for cash cannot be expect
ed, to an extent sufficient to meet the
expense of the General Land Office,
| and the cost Of surveying and bring