Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1863-12-17
PUBLIC FINANCES.

IT BllCe FflNANGES. u, ~
| The operations of the Treasury during
| the past year have been successfully con-
Quoted. The enactment by Congress of a
| National Banking Law has proved yalua-
| bic conseryer of the public credit, and the
general legislation in relation to loans has
fully answered the expectations Of its favor
ers. Some amendments may be required to
perfect existing laws, but no change in
their principles or general scope is believed
to be needed Since these measures have
been in opcrption, all demands on the
Treasury, including the pay Of the army
and navy have been promptly met and
| fully satisfied. No considerable body Of
| troops, il is believed, were ever more amply
provided and more literally and punctually
paid, and, it may be added, that by no
people were the burdens incident to a great
war ever more chcerfully borne LiI#
The receipts during the year from all
sources, including loans and balances, into
| the Treasury at its commencement, were
| 1901 ,125, 674 $50 the aggregate disburse-
ments, 1896, $50 65-leaving balance
on the 7th Of July, 1868, of $3.50, ,044 2l.
OF the receipts there were derived from
customs, $69,059, ,642.40 from internal rev
enue. $37, GAO, 1875; from direct taxes,
ST. ,485, 1O3.G1 from lands, $I67,61E17; /;
from miscellaneous sources, $3,O46, ,615.35;
and from loans, $776.6s2, ,361. 5 making
the aggregate, 1901, ,l25, ,674.S6.
OF the disbursements there were for the
civil service, 1913 3,253,922, for pensions and
Indians, $4,216, ,520.56, for interest on pub
lie debt ) S24,719,S46.5l for the War
Department S599,298 ,600.83 for the
Navy Department, $63,211, ,105.27; for
/ the payment of funded and temporary debt,
Si8l ,O86, G35 or; making an aggregate of
1896, ,796, ,639.65, and leaving balance of
| S5, 1929 ,044.21. 9lit @l9 4a9ara7 ~ e
But the payment Of the funded and tenn
porary debt having been made from monies
borrowed during the year, must be regard
ed as a merely nominal payment and the
monies borrowed to make them as merely
nominal receipts, and the actual amount
N91 ,0S6, ,635.07 should therefore be de-
Quoted from both the receipts and disburse-
ments, This being done, there remains as
actual receipts $7l4,7o9, ,995. .5S-leaving the
balance as already stated. 9s s; taar
The actual receipts and disbursements for
| the first quarter, and the estimated receipts
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 I in
vite your attention. ggg3eE 81
| 1t is sufficient to say here that it is not
| believed that the actual results will exhibit
state of the finances less favorable to the
country than the estimates of that officer
| heretofore submitted, and that at the close
| of the year both disbursements and debts
viii be found very considerably less than
has been anticipated. s
| - 1855 WAR DEPARTMENT. ro-r.s .5..5
The report of the Secretary of Var is a
| document Of great interest It consists of
| first, the military operations of the year,
| detailed IN the report of the Genera-in-
| Chief. Second. the organization Of colored
persons into the war service Third, Ex-
change of prisoners fully set forth in the
letter of General Hitchcock. Fourth, OPP
erstions under the act for enrolling and
calling out the national forces detailed in
the. report of the Provost Marshal General.
Fifth, the organization Of the Invalid Corps.
/ And, Sixth, the. operation of the several de-
| partments of the Quartermaster Cen
eral, Commissary General, Pay Master
General, Chief of Engineers, Chief
of Ordnance and Surgeon General. -
1t has appeared impossible to make valu-
4ble summary of this report, except such as
would be too extended for this place, and
hence | content myself in referring your
attention to the report itself
$50 THE BLOCKADE.
The duties devolving on the naval branch
Of the service during the war and through
out the whole of this unhappy contest, have
been discharged with fidelity and eminent
he avEaop,--a I1nolx,Jo L.