The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1863-12-17
TIPTON, IOWA, DEC. II, 1863.

cases where this government may be ac.
knowledged to be liable In principle, and
when the amount Of that liability has
been ascertained by an informal arbitra-
ton.
The proper officers of the Treasury have
deemed themselves required by the law
of the United States upon the subject to
demand tax upon the incomes of for
cign Copsuls in this country. While
such demand may not be violation of
public law, or, perhaps, Of any existing
treaty between the United States and any
foreign power, the expediency of so far
modifying the act as to exempt from the
incomes of such Consuls as are not citi-
zens of the United States derived from
the emoluments of their office or from
property not situated in the United
States, is submitted to your serious con-
sideration. make this suggestion upon
the ground that courtesy which ou ght
to be rcciprocated, exempts our Consuls
in all other countries from taxations to
the extent that is indicated. The United
States, l think, ought not to be excep-
tionably illiberal to international trade
and commerce.
OPERATIONS OF THE TREASURY.
The opertions of the Treasury during
the last year have been successfully con-
Quoted. The enactment by Congress of
a National Banking Law has proved a
valuable support to the public credit, ,and
the general legislation in relation to loans
has fully answered the expectations of
its favorites. Some amendments may be
required to perfect the existing laws, but
no change in their principles or general
scope is believed to be needed Since
these measures have been in operation
all demands on the treasury, including
pay of the army and navy, have been
promptly met and fully satisfied. No
considerable body of troops, it is believ-
ed, were ever more amply provided and
more literally and punctualIy paid and
it may be added, that by no people were
the burdens incident to great war ever
more cheerfully and honorably borne.
] The recei pts during the year, from all
sources. including loans and balance in
the Treasury at the years commence
ment, were S90l,l25, 674 Sc The ag-
gregatc disbursements were SS95, 1906
630 G5. Leaving a balance on the 7th
of July, 1863, Of s5,329,O44 21. Of
the receipts, there were derived om
Customs, 500. .059,6 40; from Intern.
al Revenue, s47,764,7s7 95; from direct
taxes, $l4S, ,5l0,3Gl; from lands, sl67,
6l7.17; from miscellaneous sources. So
O46,6l5 35, and from loans, $780,
s23 6l; making the aggregate s9O1,-
! 125,674S6.
| The disbursements were 1922, ,539. %
for pensions, &c; S4,21G, 526 SO for in
tercst on public debt, and s24,929, ,S46.-
81 for War Department; $500, ,29S,-
600. 83 for the Navy Department &c.
32l, 1852; for the payment of funded
and temporary debt, s1,S1S,G6 ,5O7 !;
making an aggregate of SS,957 1858, ,O65,
and leaving balance of 1892 ,9O4 ,421;
but the payment of the funded and tenn
porary debt having been made from mon
les borrowed during the year, must be
regarded as merely nominal payments,
and the monies borrowed to make them
merely nominal receipts and their amount
Sl,SlS,6G3, ,507, should, therefore, be
deducted both from the receipts and dis
bursements. This being done, there re.
mains, as actual receipts, STA, 709,995,-
81, leaving the balance as already stated.
The actual receipts and disbursements
for the first quarter and the estimated
receipts and disbursements for the re-
naming three quarters of the current
fiscal year Of 1868 will be shown in de-
tail by the Secretary Of the Treasury, to
which l invite your attention 1t is
sufficient to say here that it is not be.
lieved that the actual results will exhibit
a state of the finances less favorable to
the country than those of that officer
heretofore submitted, while it is conf
IDENTIFY expected that at the close of the
year both disbursements and debts will
be found very considerably less than has
beeu anticipated.
REPORT OF THE SECRETARY OF WAR,
The report of the Secretary of War is
! a document of great interest. It consists
in the first: the military operation, of the
years detailed in the report of the Gen.
eral-in- Chief, second, the organization of
colored persons into the war service
third, the exchange of prisoners fully
set forth in the letter of Gen Hitchcock;
4th, operations under the act for enrolling
and calling out the national forces, de.
tailed in the report of the Provost Mar
shal General; fifth, the organization of
the Invalid Corps, and sixth, the opera
tions of the several departments of the
Quartermaster General, Commissary Gen.
eral, Paymaster General, Chief Of En-
gineers, Chief of Ordnance and Surgeon
General 1t has appeared impossible to
make valuable summary of this report
except such as would be too extended for
this place, and hence I content myself
with referring your attention to the re-
port itself
rryr