The New York herald., 1863-12-11
The Financial Resources
OF the Country.
National Debt July l,
1864, $1,000, 100000,
&C.. &c. -.
OPERATIONS or rms rAsr r.IcAL YEAR.

OPERATIONS or rms PAsr I.EcAL YEAR.
ln submuug 10 tho considoraiun Of Congress tho ro
port on the state oC tho hnanccf required f him by law
nj tho commencement of each cason tho Secretary Of
the Treasury has much fasfacon IN being ablo to say,
ia general that the operations ot tho department en-
trusted bis charge have been attended during the last
fiscal wear by greater o success than be ven
tured anticipate at Us beginning.
AZ the beginning of that year all demands On the Trca
fGry had indeed been discharged and thorc fornansda
balance tho credit of the Treasurer of fld'0s35fa
nut the largo disbursomeats. constantly demanded BY
military ana na~al operations reduced, by comparnon,
this seemingly considerable balance 10 almost ineonsder
able proportion and the practical operations OF tho
restrictive provisions Of the authorizing The begota
ton u the bonds known hve t1cntes, the most im
portan, already faly avaica o. made bos
tesltstlons for adequate amounts and on admissible
terms quito imprheuoablc. The reverses which be1e
our arms jane, July and August Increased the diheu
ties Of the situation that though the Secretary vas
enabled under ttng legislation h. provide largely Ton
the increasing dsbusoments ihcre remained necessarily
unpaid on day the last session Of Congress.
roqustions tho Treasury, chiefly from tho Mar and
Navy departments, amounting III the ssgrees," u tho
sum Of so 3oi,s7b
To provide for these fegustiOBs aud for current do
mAnds Congress the lIth oi January iso3. author
1ea additional issue Of unitcd states notes TO the
amount Of one hundred millions of dollars but dii no,
reach any definite conclusions regard to loans IN time
emboiy them IN act before tho day On which Tho
session closed.
On thnt day, March 1893 tho act To provide ways
and means Tor the support Of the goyernmout rco"yed
the approval of the Proadsnt and became law in add
10 various uruvsoaa for loans Contained clauses
repeating The restrictions affecting The s,son Of ,be
ave twentcs and thus daengagoi that important loan
from the which had previously rendered
| II slmos, unavailable,
| A week earlier, tho 2sth q February an aos
important to tho credit Of tho government
| the act 10 provide national currency through
national banking ysism-hAd received tho aanson Of
Congress- and tho Prosden The sautary effects of there
two great acts oonspiouo1s.
Notwithstanding tho AID Afforded by tho additional
Of tho United states bos under tho joint rc~oaton %
January the secretary hal found Il myoszble To prevent
gradual increase, duriag tho eeion o Congress. thn
amount 0 gopAld roqasnons those which were un,si
isned q, ID. beginning % tho s.ssl1n ipdood "a
charged ADD large sums sppilei TO demands
Tor current disbursements But The aggregate of az
buruemontH, remaining necessarily unpAh, Increased
steadily notwhgandns al efforts % proycnt H. until u
reached at the oois % the ssson tho of tT2 Iil
10.
The Loan act and the HAions banking iolo~sa
by immediate revival q pabns credit rsoo.ss q1o
boyoud auicpa,pn crowned tho cg1ru = tho ssorssry
% dsulbute .hs aye.,wsniy all pArA
rspsaahug tbs Treasury no result that ~thin
months after lho silogfuusnt u Congress- ~tois
" tuspeudci fcIutiious had been sAtsfsi, all
curren demands promptly mot, abi fgi prgTishh mAdo
Tor he pay n The army and navy Dafns hs rnaisisr
ofths ascsl year cfnb.ra.fmsng attended sfnin
ftfAt0n u To tnasccs croopt h9o which lBs1tar
sbie from vast s1Ieadilres matchmaking thssa
psndiiure' ls gratifying y B.. ahs = sisia um dgrng
ths sst ycaf no total u dabsfssmsas di greatly
- fNa q ffa .Ha arYF Nt.f
equal ths sunaltes slsut,si ,o cnsrcl BY the Esus
iAfy Al tae last ses,aa. raal. -hla 80
then estimated that ths pgb.la isbt ua soth
y t1ns sG5 would reach No rrm = 81 ~, ,z9T so.
ia a,i4a anagni On Ia daJ Wa 81 pos 7ss,isi arc
-bs go llsb4ftrusan % ihs yaaf we're estimate At
tog5 80 IA. We real total sas tIig 10 .oD..
aq0Exg.rE EEcEirrs 1sD pisnuEaEsDrs.
The ssgfrgais receipts from al s0urocs iacisfnr tho
baancs from ihs rrs, siag yssf. sbyu ~ TIE bcoss
~ No r'sasefy -sra. dafns uhs a., 1fsai y,ar tsl
i.ss1s 80 80 asgf,s,ts asbursrnsnn tsgs.T,s
Clp ssvas uaial.a ihs 9yia 4 y4as. iscg ofE,.
taca nsi taus torr,roi i4flrg tbs year. snd 40
pied tlffr a. sauis isyuert r estts a1e oaiy
bat1ssfy tis iaia f rec ~ st.s y istafnusat. us
sans IN. touovei ssd apIlsi a.fng ibs .st nscsi
,-af smluatss - fisiesc.e5' tbs sssfegsis. there.
tore. ih9.4 bs sedlrpl from IA, saass u TIE sAis.
farni. ulsfhs us uls arnaut - fscrlpH, in1ts1Mg
bsahcs from act ie", tisQh % Nj NJ .uoe
tnHlti tfh .rttmf' n tit iW .Iss. ns bAiasss, ~
~
u y sfsilyaF. sIso 10 b. .bls y state that vtls
cebts d1 90 f-seh "a t1nt aAtcgalsd tbs fsrsgss
fftm al fGurcet ~ 'uo1us fr0spt luisfbs rsroras.
tfrdef To @alhtes llqa tha ruests from cgftaHs.
sstmsiei ai 81 0ti Ia wsfs seisay - ne st4 ron
hnt' ssinssisa a tss.fst ssf, 80 siI 80 ffom
yssss steyss sgarcss sat mated 81 q. .4tf 40, -us
i-lONf ~ infsct tar ft.spa res ssiianAa~i a
tli fD,.lif. hnd Ma sfnoa.t ~ tssfJ Ns
an01nt ts b~cn ,~.r.rsf ihr form 4
81 ~ 1s,s. n, ~ tksy sfs ,aui.s b.
credit bsyoua thsf ssfefa. pf. sTtsts q tls tat 10
t.u-slurt.s tlarrff, = uclr. irie satirnfrts, cnF
Ne s.ni ~ ~ e. ia A. ears r i-s bsss a. ftesr.i
Wt.tI i.s tf.a .l.s, a-i.,s,y .a-ar,as 4 fsy
srf.e 49, fssaiy a.ffaatsrf u.tb ths tsNnlsss nr
kfssr sras@i ihsfn ~ 90. s ifpa i1Sfus frrstss
ssf tntts ~ ur .i7rarf ~ sr feertty .n
t.nt trr o. fraf.T tifsffasty sres..iei bai r.sl
aal heF. D&sa q. rttt.. affeei IrsfflHss uast
stt haf1g ttgastt f.sths Eat u.o eaae .usleu
rtnf soc itatrrftref q ur taalf1iassD sD-f. a
go nfsnrr 70 ua Hesffafy. vsfy ornt@tstf
grai en.tl ~n 20 fgrrs tme enjoyed m sssf
A1.ts $50 tlr 80 n gfa.tftI fsaa. urrtftaft 80
f#t m NrafFr ihs fHfrIf RI BE- esl.Ftsa - srf
a.atf at.a tsr taatsa bY So rauls. .tsf. 80 b.
Ifi tfrt n ir heffsity tll arfanef ~
tlf M .rrEffH
fffsf .,o- IA, ss-a.sifs,st Ia sr-, rs sstrais
- 81 ~ ..la. % 70 w. s.t.a fsff tt ere tist9
iff lsft a u.8 ts.Fsaty .ar .s s.ff Httnl A. ue
n sfffsfi ffss ia u ttt fH ff' $40 fsaatW
nsN D. d lT t.suHs ta" - ~
fH1r. o.. Inki ..r fr.e. .... t s.fH u0sa kass
.artl. b. r fEf .s.. ... b. "A ftf ittt $40
tr. ltetf aa.a 80 fa-s aa
rasv 1t u.trs .s at ss....-.t., q. i.t
t.t -t.. faa n.f ay ...1 'Ha
.saar.t Ht
Iasustgf .a. a. us 20 1t AT