Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1863-12-11
Last Nights Dispatches.
Chaso,s Report.

Nrw YoRK, Dec lO.-The following Is a synopsis Of
the report OF the Secretary OF the Treasury:
In subm ting t. the consideration OF Congress the
rpOIt OF the State Of the ansnces, the Secretary Of he
Trea ury has much sAtltacuon 10 being able 10 say ia
geoera that the operations OF The department entrusted
to his charge have been attended during the last h.ca
year by Rester msaure OF SUCCESS than he .tur.d
to anticipate at its beginning.
Notwihsan ling the aid afforded by the additional Is
sue Of Uuited States notes under the Joint ution
Of Japuaty the Secretary had found It mpo,sbe to
prevent the gradual increase during session OF Con
Qreis 10 the amount OF unpaid acquisitions. Those
Which were upss,f.d at the besoniog OF the session
were indeed discharged, aud large sums we're applied 10
new demac ds for current But the aq-
grega,e Of disbursements remaining necessarily unp
steadily, notWths anding all eorts to
II until reached, at the close OF the session. the sum
OF S12 Ill l61.
The loan acts and the national hank ing sct were fol-
lowed by an immediate revival OF the public credit.
eucsels quite beyond anticipation crowned the efforts
Of the ecreDary TO distribute the $40 loan In all pa Is
OF the country we'll as every other adopted
by him for replenshng the Treasury. The reiut was
within two months after the ad ournment Of Congress
the whole Of Suspended requ,ons had been sals.
aed, all current demands promptly met and fail pro.
vision made for the pay OF the army and navy during
the remainder OF the nscal year.
No embarrasment attended the naturalization OF the
finances except those which inseperable from vast
expenditures. Notwithstanding these expenditures It
gratifying to be abe TO state ring the last year the
total Disbursements did not greatly exceed, white the
increase Of public debt did not equal the estimates sub.
mtted to Congress by the Secretary at the last session
Thus while II was then estimated that the public
on the both OF June. 1863, would reach the som Of
l22 297 403 Its actna amount on that day was
0g8 7g3 I8 and while the Disbursements for the ear
were estimated at s693 3i6 32 The real TO al was s7i
| 700 095 and while the receipts from other ofuiuary
sources Of revenue thus clo,ey correspond with the
| estimates or largely exceed them.
The receipts from internal revenue have alone dsap
pointed expectation. Experience has dcmon,uaed III
error. The estimate was SIS t56 303, while the sctua
receipts were e37 $40 767 part OF the deficiency may
be attributed to the imperfect execution Of the Law
and part to the ch nges made In II by Congress ateI
the estimate made but not had neither
cause operasd to deduct the receipts, that the revenue
from tbi source would have exceeded hal. the esmse
amount it 10 clear that the law, unless materially
amended, will not produce revenue expected from IT,
The following Is the Secretarys estimate Of receipt
and expe penditures for next year. Estimated bsanct
June lit, 1885, 53g f,ou customs $40 600 900
from internal revenue sl25 600 000 from lands U00
600; from miscellaneous sources e50,t00 000 MAXIM
the estimated aggregate receipts s2O6.s36 $50.
He estimates the reai expenditures for the year O
S75l a5 Oe8, from which doduct the estlmated rate
from ordinary resources before rated s206 36 $50
leaving to be provided BY loan s54t 908 5is The sun
be provided for represents the Increase Of debt dur
lug the year. Assn ming therefore The correctness
the estmate which puts the debt Of July lst 1894
Si It will result from these estimates tia
the whole debt will have reached on the 30th Of Jana
v1e65, the sum Of % 20, ,935, 100.