Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1863-12-18
IRAsBURGH VERMONT, FRIDAY, DECEMBER IS, 1868

\ Lle NUN L. IL ItID "A
. GOOSE; for the navy department $63
b 2I1,105.27, and for the payment OF til
: funded and temporary debt, $l81,096,
9 635.07, making the aggregate SS95,796
4 360.65, and leaving balance of So
, 329, 9,04421. But the payment of tn
: funded and temporary debt having beel
+ made from moneys borrowed during th'
year, must be regarded as merely nomi-
nal payments; and the moneys borrowed
to make these payments as merely nomi
nal receipts, and their amount, $l81 ,086,
} 935.07, should therefore be deducted botl
from the receipts and disbursements
This being done there remains as actua
receipts 20,039,039,79, and as actua
disbursements $714,709, ,99j.68, leaving
the balance as already stated, The actu
al 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 re-
port of the secretary of the treasury, to
which invite your attention. 1t is suf>
fcient TO say here, that it is not believed
that the actual results will exhibit state
Of the finances less favorable to the coun-
try than the estimate of that officer, here
tofore submitted, while it is confidently
expected that at the close of the year
both the disbursements and debt will be
found very considerably lower than has
been anticipated.
THE WAR REPORT.
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 gener-
al-in-chief; second, the organization Of
colored persons into the war service
third, the exchange of prisoners, fully
set forth in the letter of Gen. Hitchcock
fourth, the operations under the act for
and calling out the national for
ces detailed in the report of the provost
general; fifth, the organization
IF the invalid corps, together with the
operations of the several departments of
he quartermaster general, commissary
general, paymaster general, chief of en-
sincers, chief Uf Urdinanco and surgeon |
general. 1t has appeared impossible to
make a valuable summary of this report
except such as would be too extended
or this place and hence / content my
elf by asking your careful attention to
he report itself
THE NAVY.
The duties devolving on the naval
'ranch of the service during the year and
throughout the whole of this unhappy
ontest, have been discharged with tidel-
ly and eminent success. The extensive
blockade has been constantly increasing
n efficiency. But although the navy has
yet on so long line it has so
ar been impossible to entirely suppress
llIct trade. From the returns of the
eceipts at the navy department, it ap-
ears that more than one thousand YES
els. have been captured since the block
de was instituted, and that the value Of
be prizes already sent in for adiudica-
ion amounts 10 over thirty millions of
ollars. The naval force of the United
tates consists at this time of five hun
red and eighty-eight vessels, completed
nd in the course of completion, and of
lese seventv-live are iron clad or armed [
The events of the war give
n increased interest and Importance to a
lie navy which will probably extend a
eyond the war itself. The armed ves-
lis in our navy, completed and in service
: which are under contract and approach
g completion, are believed TO exceed in q
nmber those of any other power; but, y
bile these may be relied upon for har-
Or defense and coast service, others of
'eater strength and capacity will be nec- =
sary for cruising purposes and to main
in our rightlul position on the ocean.
he change that has taken place in naval
arfare since the introduction of steam ;,
a motive power for ships of war, de- !;
ands either a corresponding change in q,
me Of our existing navy yards or the h
tablishment of new ones for the con- ..
ruction and necessary repair of modern -
ssels. No inconsiderable embarrass- -
emf, delay and public injury have been n,
.perienced from the want of such gov to
nmental establishments. The necessity
such navy yard so furnished, at some