Western sentinel. [volume] (Winston [i.e. Winston-Salem], N.C.) 1856-1886, 1864-11-17

bile, nor of all combined, can save tho
eneihy from the constant and exhanstives
drain Of hlood and treasure which must
continue, until he shall discover that no.
peace is affainabe, unless based upon the
recognition & our indefeasabie rights. II
Before leaving this subject it is crafty
ing to assuts yon that the military sup
plies essentially requisit for public defence
will be tou4d, as heretofore,' ades aate TO
our needs and that abundant crops have
rewarded Sthe labor Of the farmer, and
rerde:ess ae<rtiye the inhu,nan attempt Of
the enemy II produce, by devastation
tasnAs alaorg the people.
FIaANCEs.
Your special attention is earnestly in
yited 10 the report OF the Secretary CT the
Treasury, submitted In conformity with
law. The Facts therein disclosed are far
from discorraging, and demonstrate, that
with judicicy1s legislation, we shall be en-
abled to meet all the exigences OF the war
from our abundant resoui Cos, s.aG avoid,
at the same time, snch an accnnulatior Of
debt as would render at ali doubtful our
capacity to redeem i.
The total sceip,s into the treasury for
the twos safia rlers ending on the 3oth, Sep
tenber, 1854, were s415. .191 $50, which
sum added to the balance of S3Os.262.722
that remained In the Treasury on the LIST
April last, forms total of S723.47A272.
Oh this total, not tar4froln half, that is to
say, $342, $50 1927, have been applied TO
the extinction of the public debt, while
the total expenditures have been $272.378.
sos, Leaving a balance in the Treasury on
the 1st Octobar, 1864, Of $108.434.44O
The total amount Of the public debt, as
exhibited Oh the books of tie Register OF
the Treasury, on the 1st October, 1864,
was SI.l47 .o7o.2O8, Of which $529. $40 900
$50. $50 were treasury notes of the new is
sue, and the remainder consisted Of the
former issue of treasury notes which will
gbe cotlv erted into other forms OF debt and
will cease to exist rs currency Oh the S1st
of next month";. %SFaa.fg&~. csa Ess*':'ftG -
The report, however, explains that, in
consequence of the absence of certain re-
turns from distant officers, the true amount
and a half millions OF dollars, than appears
on the books of the Register, and that the
total public debt on the lst Of last month
may be fairly considered to have been 81.
126 .3sl .O95.
The increase of the public debt during
the six months from the stsApril to the
1st October, was $97.650.7S0, being ratf-
er more than $l6.00o.o0o per mouth, and
it will be apparent, on perasal OF the re-
port, that this augmentation would have
been avoided, and a positive reduction sot
the arnni,nt would have been effected, but
for dstecr in the legislation on the subject
2of the tinance, which are pointed oat III
the report. and when seem. 10 admit o1
easy remedy. s.ef.. . d u.s.
t IN the statements just made the foreign
fdebt is omitted. 1t consists only OF the
unpaid balance of the loan nsknown as tbs
.scotton loan This balancesis but e2.2OO
fO0O and is adequately provided for b5
aaboutsz5O 900 bates OF cotton owned by
the Government, even if the cotton be rat
ed as worfh but six pence per pound. s. s.
T yThere is one item OF the public debt no
rinc.,ided in the tables presented, to which
vour attention is required. The bonnts !
bonds promised to our soldiersby the thiro
section of the act OF 18th February, 1864
Iswere. deliverable On the 1st October. Ihe
Secretary has been unable to isaue then
By reason OF an omission in the Law, nc
! time be:ngstherein fixed fer the payment
of the bonds. szss8@ 4ss 4s5zs@4 6 sssaa s5ea
The aggregate appropriations called fo1
fby the different departments of #the Gov
Ier1,rne,st, according to the estimates sub
}snlittsd with the report, for the six month";
/ ending on the 30th June, 1865, amour't K
e438. 1O2.679, while the Secretary estl
szInates that. there will remain nllex pended
+ e II