The Plymouth weekly Democrat. (Plymouth, Ind.) 1860-1869, 1863-12-17

gestion upon the ground that courtesy.
which ought to be reciprocated exempts
Our ConSuls in all other countries from
iaxatlons 10 the extent that is Indicated
l he United States think. ought not to
he exceptionally illiberal to international
trade and commerce.
The operations of the Treasury during
the last year have been cce-siully con
ductcd. The enactment by Congress of Il
national banking law has proved q valua-
bic support Of the public credit. and the
general legislation iii relation to loans has
fully answered the expectations OF it, fl
vorc>s. Some amendments may be required
to perfect existing laws. but no change in
: their principles or general scope is be
lievcd to be needed. Since these meas
ures have been in operation all demands
on the Treasury. includingray Of the army
and navy. have been promptly met and
fully satisfied. No considerable body ot
troops, it isbclieved. were ever more am.
, ply provided and more literally and punct-
: uaiiy paid and it may be added that By nC
people were the burdens incident to 4
great War ever more cheertullv borne
The receipts during the year from all
: sources including loans and balance in the
treasury at its commencement. were S9li.-
10 .G11. So. The aggregate disbursements
were $500. 79j. 63D 65.-caying bal
ancc on the 9TH Of July, 1868, of So
3 9.ri4,21
OF the receipts there were derive from
customs S69, go 81 III; from internal
revenue. S3I.Gij.1s1.65 from direct tax
es. el.4S5, los. g.. from lands, Sl67 ,Gl717;
from miscellaneous sources. IS .Q45.6i3.
81; from loans s11776.6S..; 6l51 making =
the aggregate SOL ,l25.674SG.
OF disbursements. there were for
pensions. etc. 5421G 5 :v.;9; for interest
on the public debt s24,1z9, ,S4G5l; for
War Department. S599'49s g i0.33 Tor the
Navy Department, Stj3,Zll.l0j Il; for
payment Of the founded and temporary
debt. Sisl.Gs5. 635 o71:-lnaking an ag-
gregate of sS95. 166.651 50, and leaving a
balance of $5.329, IA II bnt the payment
cf the founded an temporary debt, having
been made from lloncvs borrowed dun IN.
the year. must Ge regarded As merely noIni-
nal payments. and the moneys borrowed to
make them as merely nominal receipts and
that the amount Of SISl GS6. 635 G1'
should therefore lie deducted both from the
receipts and disbursements / his being
done there remains as actual receipts
l4.1G9995 5s,-leaving the balance as
;.s already stated.
The actual receipts and disbursements
Tor the pest quarter. and the estimated
receipts and disbursements for the remain
ing three quarters Of the current fiscal
year Of 1864, Will be shown in detail by
the report ofthc Secretary OF the Treasury.
to which invite your attention. Il is sut-
;icient to say here that it is not believed
that the actual results VII cxh ia st t.
of the finances lie e-s favorable to tiie coun-
try than the estimates oi that officer. here
toiore submitted; while it is confidently ex-
perfed that at the close OF the year, both
disbursements and debts will be found very
considerable less than has been anticipa-
ted
TIE WARRETORT.
The report of the Secretary of War IS a
document of great interest 1t consists Of.
first. the military operations of the year.
Ch eff second. the organization o.colorc |
persons into the war service: third, the
question of exchange Of prisoners. fully set
forth in the letter OF Gen. Hitchcock;
fourth. operations under the act for enroll
ing an! calling out the national forces. dc
tailed in the report of the Provost Marshal
General; fifth. the organization of the In
valid Corps; and, sixth, the operation Of
the several departments of the Quarter
master General, Commissary General. Pay
master General Chief of Engineers, Chief
1 Ordinance and Surgeon General
1t has appeared impossible to make 4
valuable summary Of this report except
such as wonll be too extenael for this
Place. and hence content myself with re-
fering your at.cntion To the report itself.
THE NAVY.
The duties dcvolving on the naval branch
of the service during the year, and through
out the whole of tbs unhappy contest.
have been discharged with fidelity and
eminent success The extensive blockade
has been constantly increasing in eillcicn-
cy as the Navy has expanded. Yet, ON
81 lone IA line, it has so lar been impossi,
ble to entirely suppress illicit trade. From
the returns received ut the Navy Depart
mcnt, it appears that more than | 400 YES
scis have been captured since the block
a,ie aas instituted, and that the value OF
the prizes already sent in for adjudication
amount to over thirteen million dollars.
The naval force OF the United States
consists at this time of 55S vessels. com
; pie e and in the course of completion;
and of these seventy five are iron-clad.
armored steamers.
The events # the war give an increased
} interest aud importance To the navy, which
: VIII probably extend beyond the war 1t
self
The armored vessels in our navy, COM
ulc,el and In service. or which are under
contract and approaching completion. are
believed to exceed in number those OF any
other power; but while these may be rcll-
el upon for harhor defence aud sea coast
, service. others. of greater strength and ca
pactty. VIII be ncce Ssary for cruising pur-
noses. and To maintain our righttul position