Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1863-12-17

cio r"PPOie VI tue puoilc credit, and the
general legislation in relation to loans has
fully answered the expectations of its ia
yorers. Some amendments may be re-
CURED, to. perfect existing laws but no
change ip their principles of general scope.
is believed to be needed OSinee these
measures have been in-operation sll de-
mands on. the Treasnry. sineluiling opAy Of
the army aud navy. have been promptly
paid and fully satisfied. No considerable
boiy Of troops. it Is Believed, were we're ever
more amply provided and more literally
and punctuaiiy paid. and il may be added
that by no people were the burdens Incl
dent to a great war ever more ,cheerlully
borne. 77At :" fAe-l
% The receipts d6ring the year from all
sources, including loans and balance in the
treasury atits commencement, were S9OI,-
125. .674. SO. ~~'vPhe aggregate disbursements
were 1895. .796. $50 65. leaving balance
on the lst of July, 1868, of s5. .329, ,O44.-
81. 'i'
OF the receipts there were derived from
customs, S69.050. $40. 40; from internal
revenue s37. 64O.7S7.95 from direct tax-
es. sl,4S5. .l03 81; from lands, Sl67. GIL
IL: from miscellaneous sources, S3.046.-
$685.; from loans, S776, $50. .36I57-
making the,aggregate, 1901, l25,674S6.
siss Of disbursements, there were-S23, ,253,-
9220S, for pensions, etc., S4,216.520 10
for interest on the public debt, S24 .729.
S46.51, for War Department s599. .29S.. Il.
6O0-S3. for the Navy Department $685.
211, 1922, for payment of the funded and
temporary debt S1Sl, ,OS6. .635.07-makinp
an aggregare of 1896. .796, ,63O65. and
leaving balance of S5, ,329, ,044.21; but
the payment of the funded and temporary
debt, having been made from moneys bor.
rowed during the year. must be regarded
as merely nominal payments, and the
moneys borrowed to make them as merely
nominal receipts. and that the am oun, Of
sISf ,0S6. .635.O7 should therefore be de-
Quoted both fromthe receipts and disburse
ments.l This being done, there remains as
actual receipts s730 .039, ,039. 10; and the
actual disbursements, S714, 7O9, ,995 5S-
leaving the balance as already stated.
The actual receipts and disbursements of
for the past quarter, and the estimated re-
ceipts and disbursements for the remaining
three quarters, of the current fiscal year of
1864. will be shown in detail by the report
OF the Secretary OF the Treasury. to which
l. invite your attention. 1t is sufficient to
say here that it is not believed that the ac-
tual results will exhibit state of the iinan-
ces less favorable to the country than the
estimates OF that officer heretofore submit.
ted; while it is confdentl y expected that at
the close OF the year, both, disbursements
and debts, will be found very considerably
less than has been anticipated.
REPORT OF THE SECRETARY OF WAR.
The report of the Secretary of War is a
document Of great interest. 1t consists Of
first, the military operations of the year,
detailed in the report of the General in
Chief; second, the organization of colored
persons into the war service; third, the
question Of the exchange Of prisoners, full
ly set forth in the letter OF Gen. Hitchcock:
fourth. operations under the act for en-
rolling and calling out the national forces,
detailed in the report of the. Provost Mar
shal General; fifth, the organization of the
Invalid Corps; and. sixth, the operation of
ithe'several departments-of the Quarter
master General sIsGcmmissafy General,
Paymaster General, Chief of Engineers,
Chief of Ordnance, and Surgeon General.
1t has appeared impossible to make a
valuable summary of this report, except
.sueh rs would be too extended for this
place. and hence l content myself with re-
ferring your attention to the report itself.
an'Woiioi sdf THE NAVY Sss ei
The duties devolying on the. naval
branch Of the service during the year and
thro' out the whole Of this unhappy contest,
have been discharged with fidelity and en-
inent success. The extensive blockade has
been constantly increasing in efficiency as
the Navy has expanded. Yet, on so long
a line, it has so far been impossible to en-
tirely suppress Illicit trade. From the re.
turns received at the Navy Department. It
appears that more than Loco vessels have
been captured since the blockade was insti-
tuted. and that the value of the prizes al
ready sent in for adjudication amount to
over thirteen million dollars.
The naval force of the Usitei States con-
sists at this time OF 558 vessels, completed
and in the course of completion; and of
these seventy five are iron-clad armored
steamers. /" ls t-' h4"- f"" en-
The events of .he war gave an increased
interest and importance to the navy. which
will probably extend beyond the war it
self. go
The armored vessels in the navy, COM
Pleted 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 re-
lied dnpon for harbor defense aud sea coast
service. others, of greater strength and ca
paclty, will be necessary for cruising pur-
poses. and to maintain our rightful posi-
ton on the ocean. s7s..S So soaara sEf
: The change that has taken place in navy
vessels and naval warfare since the intro
dnctlon of steam as motive power of
ships -of-war. demands either a correspond.
ing change in some of our existing navy
yards. or the establishment ofFynew ones
for the construction and necessary repairs
OF modern war-vesseis. No inconsiderable
embarrassment. delay. and public injury
have 'beensexperiencet from the want OF
such Government Establishments. so The
necessity Of such nayy, yard, SO furnish
ed. at some suitable place ppon the Allan.
tic seaboard. has. on repeated occasions,
been bfought TO the attention Of Congress