The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1863-12-10

| ie1Siu& = Oo1OnC0 on the TN OF july
1868. Of 81, s99. 044 81. Of the receipts
there were derivable--
From CnAsns ....s.................oo e eSe e4s %
Iatsfn%T Resenue.. T6S077 g
Cirece faxes. s593 81
Labds 80. 1s7 6i7 y
! Miseetlanee4s 8Otrcss.......s 1890. SONSis =
FroA Lesns. 81
Making In the aggregate ep0i I'D =
OF the disbursement there were
For Pensions, Hs 80 p 3,
lntsresr Pubic Dses As,.......... = Jsasss 9!
War Debt. ooSxeovv =
Pawn e and ... ,s
nahiss an aggregate of............ ~. % sEo g
but the payment of the funded and teD-
porary debt having been made from
means borrowed during the year, must
| be regarded Is merely nominal pay
uents, and the moneys borrowed to make
them asssmerely normal receipts, and these
amounts $l8l .0S6 635 OF should there
fore be deducted, both from the receipts
and disbursements. This being done
there remains Is actual receipts STA
los, 1896 SO, leaving the balance a. al
ready stated.
The actual receipts and disbursem ents
for the first quarter, and the estimated re-
ceipts and disbursements for the remain
ing three. foufths of the current fiscal year
of 1864. will Be shown in detail BY the re.
port of the Secretary Of the Treasury, to
which invite your attention. 1t is suf-
6cient to say here that it is not believed
that the actual results will exhibit state
Of finances less favorable to the country
than the estimates of that officer hereto
fore submitted, while it is expected At The
close of the year both disbursements and
debts will be found very considerably less
than have been anticipated.
The report of the Secretary of War is
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 col
ored persons into the United States ser
vice third, the exchange of prisoners.
fully set forth in the letter of Gen. Pat.
rick fourth, the operations under the
act for enrolling and bringing out of the
national forces, detailed in the report OF
the Provost Marshal General fifth, the
organization of the Invalid Corps; and
sixth, the operations OF the several de-
partments Of Quartermaster, Commissary
Gen. Paymaster, General-in-C Chief Of Ord
nance, aud Surgeon General. 1t has sp-
peared impossible to make a valuable
summary Of this report except such as
would be too extended for this place. and
hence | content myself in referring to
your attention the report itself. The du-
ties devolving on the naval branch of the
service during the year and throughout
the whole of this unhappy contest have
been discharged with fidelity and earnest
success. The extensive blockade has been
constantly increasing in effectiveness
The navy has expanded over so longa line
it has 80 far been impossible TO entirely
suppress illicit trade. From the ret turns
received at the Navy Department it sp-
pears that more than oue thousand YES
sells have been captured since the block
ade was instituted, and that the value of
prizes already sent in and in adjudica-
ton amount to over thirteen million col-
lars. The naval force OF the United S ates
consist at this time of SIS vessels com
pleted and in the course of construction,
and OF these seventy-fve are iron -clad
armored steamers. The events OF the war
give an increased interest and importance
to the Navy which will probably
extend beyond the war itself The arm
ed vessels ir our Navy completed and in
service, or which are under coa,ract and
approaching completion are believed to
exceed in number those of any other pow
er, hut while these may be relied on for
harbor derense and sea coast survey, 9TH
ers OF greater strength and capacity will
De necessary for cruising purposes and to
maintain our right;ul position on the
ocean. Tie change that has taken place
In navy vessels and naval warfare fincs
the Introduction of steam as motive
power for ships of war, demands either
corresponding change in some of our ex
ist.ng navy yards, or the establishment
OF new ones for the construction and nee
esssry repairs Of wooden war vessels.
No inconsiderable embarrassment and
public injary has been experienced from
the want OF such Government establish
ulents. Tie necessity of such a navy
yard SO furnished at some suitable place
upsn the Atlantic seaboard has on REPEAT
ed occasions been brought to the alten-
ton of Congress by the Navy Depart
ment and is again presented in the report
OF the Secretary which accompanies this
oom municstion. Think it my duty to
invite your special attention to this sub
Ject, and also to that of establishing . |
yard and depot for said purpose upon one
OF the western rivers. A naval force has
been created in these interior waters and
under many disadvantages within little
more than two years exceeding ia num-
bers the whole naval force of the country
at the commencement Of the present Ad- |
Satisfactory and Important
as have been the performances of the he
role men of the navy at this interesting
period, they are scarcely more wonderful
than the services Of our mechanics and
artlzans in the production Of war vessels,
which have created new form of naval
power. Our country has advantages su-
perlor to any other nation in our re-
sources of iron and timber, with mex.
han tihlo ou,ntf,,os IS ell =