The Democratic press. (Eaton, Preble County, Ohio) 1860-1865, 1863-12-17

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10 the extent thus indicated tho Unhe,
s States, I think, ought rot to beisexcep,iol
: allz illiheEal To- iptesps,ienal tfaae an
r commerce 4 N N ssg s9eg ffFfgy y,
: E12he eoPeratiOns Ofthe Treasury during tn
! last year have'been successfully conducted
J The enacmOut by Congress or q SonatiOnA
: tbHnking,law haEproved valuable supsSon,-- suppsSon,--
Of the public credit, a nd the general lekisa
ton in relation % loans has fully answefed
: EthsS expectations of it's faVorefsa Some
ansndmehts may be required TO perfect cx.
tsflng laws, but no ehangSlin their ptihci.
Il Pc Or general scope is beliyed to be need
ed Since these measures have been il i
1OperatIonI all demands on the Treasury IN.
GLIDING the pay Of the army and navy, nav q have
tbeen promptly met and fully satisfied. No
considerable body Of troops il Is IS li believed,
were ever more amply provided, more liber.
ally and punctually paid, and it may be
added that BY no people we're the, burdens
incident to great war more eheerfally
borne The receipts during the year from
all sources, including loans and the
balance in the Treasury at its commenoe.
ment, we're 1901, ,l25,s14 s. the aerraVts
disbursements 1886, ,7ss,ssO S., leaving. a
balance onthe 7th ofJuly, 1853, Of sSIsss.r
va u; Ofthe receipts, there were derived
from customs $sSjo5s,64 40 from internal
revenue ss5 5s4aTS7 s6 from direct taxes
y '4So, loS 81; from landssl67,ol7 v; from
miscellaneous sources, ss,O46,s5i IS; and
from loans s776,ss2,asl i167, making The
aggregate 1901 Il2,s ,s74 Sc. ao4l5T 1yitY
But the payment of the landed and tenn.
orary debt having been made from money,
borrowed during the year, must be regarded
as merely nominal payments, and the
moneys bortoyed 70 make thop as merslr
nominal receipts and their atgoun. $isi |,
Qas ar az lbpala' shefaEsfs ts dscSsisda
ooth q from ne receipts and disbursement -
ihsi being done there remains as aetna, VI
,clepts $fl4, ,7os, ,sO5 SO, leaving Dslance as
already stated. The actual receipts and
disbursements for the first quarter, and tie
estimated receipts and disbursements for
the remaining three quarters of the current
hs'al year oflS64, will be shown in detail |
oy sht report ofthe Secretary of tho Treas.
ury' to which I invite your attention U a
It's sufficient to say here that it is mot
believed that the actual results will exbibi,
a state OF the fnances less formidable
70 the country than the estimatrv of
that officer heretofore submitted, while Il
is confidently expected that at the clo,s of
The year both disbursements and debts will /
be found very considerably less than, ba,
been anticipated. :, ''',,, ,..s7..T
The report ofthe Secretary of War, ix
of great interest .1 +
it has appeared impossible to make a 7al.
'soie' summary Of this report, except gsach,
'sNonle Os to extended for misplace, and [,
''snnee 'nee content myself in rcfsrrinpg ,yoar
'ttention e the report ITSELF The dati6s
Sy leSyqlylng on the navel branch ofith service
Isuring ~ theyePraud through the whole | Ioflf
his unhappy contest, have been DISCHARGED :
rth hdelity and eminent success. The a..
snsive blockade has been constaptly g i
reasing in efficenciey as the navy has been 6
9sia4u99I iiE1s TStyifTSN |"
,aiol*aii lH9HB#gsG gi9di sky
: The naval force Bfths United states aRySo1 toD
stst at this time ofSss vessels, com cOmnrlese,da ls,da 2
nd ID the course Of completion, man and ~ 4
iese 5 are irOn.ciad arinadred steamers :e gs :,
The'events Of the wat give an an increased na \
'tersSt and Importance to the Navy w. which !, ?
al probably extend beyond the wan IN itself m
ne armored vessels in oul Navy, compl.t, Il. :, !,
Or in service, OF which are pndsr contract =
nd approaching compilation. are believed. l. 10, "
'ceet in blln number those Of any other power. Ii
ut while l these may be relied upon for hsrS la
'r y defense and sea coast service, others of II
eater e't strength and capacity will be neces- n,
'ry Tor cruising purposes, and to maintain ly
II rghtful position on the Ocesn, The .,
lna.nge that has,taIsen place in naval vessel. be
% naval warfare since the introduction al m
cam St asa motive power for ships sfwar. p
mandS asither corresponding change IN fe
me Of Ourexisting nayy-yards. or the a. wi
OlpiShpeut 2 Ofnew ones for the construction su
d aecossary repair ormodern va va, yves,eE Eco
? iincohsiderable. embarrassment DELAY s'
ID public Injury have been experienced ss se'
I'm the want of such Government estab. MI
nments' The necessity of such a navy