East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1863-12-16

so far modifying the act as TO exempt
from tax the income Of such consuls
as are not citizens of the United States
derived from the emoluments of THEN
Office, or from property not situated in
the United States, is submitted to your
serious consideration. | make this
suggestion upon the ground that q
custom which ought to be reciprocal
ted, exempts our consuls in all other
countries from taxation to the extent
thus indicated The United States,
think, oughtnot to be exceptionally il.
liberal TO international trade and com.
morce. r
THE TREsuRY DEPARTMENT..
Tho operations Of the Treasury du-
ring the last year have been success
fully conducted. The enactment by
Congress of national banking law
has proven a valuable support of the
public credit, and the general legisla-
ton in relation TO it has fully answer
ed the expectation of its favorers.-
Some amendments may be required
to perfect existing laws, but no change
in their principles Of general scope is
believed 10 be needed. Since these
medsuros have been in operation, all
demands on the Treasury, including
pay of the army and navy, have been
promptly met and fully satisfied. No
considerable body of troops, it is be-
lieved, were @er more amply provided
for, or more literally and punctually
paid, and it may be added that by no
people were the burdens incident to a
great war ever more cheerfully borne.
The receipts during the year from all
sources including loans, and balance
in the Treasury at the commencement
were 1901, l25, GA So, the aggregate
disbursements $e95, 70G, $1,000, leav-
iug a boianco on tho 7th of Jnly 1854
of Sj,32g,04l II. OF the receipts
there were from customs 500, ,0G9, ,6i2-
70; from informal revenue s37, &c.
Isl %; from direct taxes 81, ,4S5, 103,
81 from lands SlG1 ,6I7 II; from
miscellaneous sonrces $3,046,Gl5 ~
and from loans s776,6S2, ,36l 81; max
ing the aggregate 1901, 1864 Sc.
Of the disbursements there were for
the civil service $2}, 253, 922.0S; for
pensions and Indians S4,2l6,526 80;
for interest OH public debut, 24,729,
SO, 81 for the War Department
$j09, 29S, 600 So for the Navy Depart
ment; $63,21l, l05 y for payment OF
funded and temporary debt SISl ,0S6,
635 OF, making an aggregate Of SS95,
766,630 50, and leaving a balance OF
s., 329, ,0l4 u, but the payment OF
the funded and temporary debt hav-
ing been made from monies borrowed
during the year, must be regarded as
merely nominal payments, and the
money borrowed TO make them mere
ly nominal receipts, and their amour.
$lS1, ,03G,G35 O7, should therefore bo
deducted both from the receipts and
disbursements This being done there
remains as actual receipts S1I3,700,-
995 SO, leaving tho balance as already
stated. The actual receipts and dis
bursements for the first quarter, and
the estimated receipts and disburse.
ments for the remaining three-quar-
tors of the current fiscal year of 1861
will be shown IN detail by the report
of the Secretary Of the Treasury, tc
which L invite your attention. 1t i;
sufficient TO say here that it is not be.
loved that the actual results will eX.
hibit a state Of the finances less favor
able 20 tho country than the esd
mates Of that officer hetetofore sub.
mitted while it is confidently expected
that at the close Of the year both dis.
bursements and debts will be found
very considerable less than has been
anticipated.
TIE WAR DEPARTMENT.
The report of the Secretary of Wai
is document of great interest. il
consists Of first the military operations
of the year, detailed reports of the
General-in-C Chief; second, the organi.
zation of colored persons into the wal
service; third, exchange Of prisoners
fully set forth in the letter of Genera,
Hitchcock; fourth, operations under
the act for enrolling and ordering ou
national forces detailed in the report
of the Provost Marshal General; fifth
the organization of tho invalid corps
and sixth, the operation of the severa
departments of the Quarter Master
General. Commissary General, Pay
master General, Chief of Engineers
Chief of Ordnance and Surgeon Gene
raj. 1t has appeared impossible t.
make d valuable summary of this re
port except such as would be too ex
tended for this place 4 hence i con
-----. ---S- -llf Li' asls ina, l,nnr earafnl nt
tentou the report ltseil,
THr NAVY DEPARTMENT.
Tie duties deyolving ON the nava
branch Of the service during the yea
and throughout the whole of this ,ii
happy contest have been discharged
with fidelity and emincntsuccess. Ih
extenaive blockade has been constant
" increasing in efficiency as the nav,
has expanded, yet on SO large line,
has so far been impossible to entirel
suppress illicit trade. From the re
turns received at tho Navy Depart
ment, it appears that more than on
thousand vessels have been captures
since the blockade was instituted, an
that tho value of prizes already sen
ia for adjudication amounts to owe
S13, 100000. The naval force of tn
United States consists at this time 4
five hundred and lightweight vessel
completed and in the course of con-
pletion; and Of these seventy-five al
iron -clad armed steamers. The event
of the war have given increased inter
est and importance to the navy, whic
will probably extend beyond the wa
itself. The armed vessels in our nav
completed and in service, or which aI
under contract and approaching con
pletion, are believed to excesdin numb,
those Of any other Power, but viii
Al. - .s.... L. .,f..J ...s,, g., l., 81.