Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1863-12-11
N7r. Shase's IgepOrt,

In submitting to the consideration of Congress
the report of the state of finances, the Secretary
OF the Treasury has much satisfaction in being
able TO say in general that the operations of the
department have been attended. during the last
fiscal year, by greater measure of success than
be venturel to anticipate in the beginning Not
withstanding the aid afforded by the additional
issue of United States notes under the Joint reso-
luton of JANUARY, the Secretary had found it
impossible TO prevent the gradual increase dur
ing the session of Congress, in amount of unpaid
acquisitions. Those who were unsatisied at the
beginning of the session were indeed discharged.
and large sums were applied to new demands for
current disbursements remaining necessarily IN
paid increased steadily, notwithstanding all ef-
forts To prevent it, until it reached ut the close
of the session, the sum of S72,l7l 1S9. The
loan act, and che national banking act, were fol
lowed by an immediate revival of public credit
Success quite beyond anticipation crowned the
efforts OF the Secretary TO distribute the so
loan in all parts OF the country, well as every
other measure adopted by him for replenishing
the treasury. The result was that within two
months after the adjournment of Congress, the
whole mass OF suspended acquisitions had been
paid, all demands promptly met, and full provis
ion made for the pay of the army aud navy
During the remainder of the fiscal year no en-
barrassment attended the administration of the
finances except those which are inseparable from
vasi expenditures. Notwithstanding these ex-
pendtures ii Is gratifying to be able that
during the last year the total disbursements did
not greatly exceed. while the increase Of the
public debt did not equal, the estimates submit
ted to Congress by the Secretary at its last ses
sion
Thus, while il was then estimated that the pub.
lie debt on the Both OF June. 1868. would reach
the OF 81 .l22 .297 403. its actual amount on
that Gay Was 81 ,0ye l93, Isl, aud while the dis
bur~ements for the year were estimated at 5000
346, 52l, the real total was S7l4.7o9, 995; while
the receipts from other ordinary sources of reve
nue. thus clearly correspond with The estimates,
and largely exceed them.
The receints from the internal revenue have
alone disappointed expectation. Experience has
demonstrated It's error. The estimate was SIS.
436, 303, while the actual receipts S37 640.-
Io9. part of the deficiency may be attributed
10 the changes made in it by Congress after the
estimate WAS made; but it is not probable as
neither cause operated TO reduce The receipts, that
the revenue from this source would have exceed
ed half the estimated amount 1t is clear that
the law, unless materially amended, will not bro
duce the revenue expected from IT,
The following Is the Secretary's estimate of
receipts and expenditures for the next wear:
Estimated balance June ls., 1864, SIS, $50
$50; from customs, $40 900 600: from internal
revenue. sl2J 900 600; from lands, 81 600 900:
from miscellaneous sources, 3 000, 900, making
the estimated aggregate recel, It's scot, $50 $50.
He estimates the real expenditures for the year at