The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-12-21

ally unjust and unfriendy towards the
United States, but, on the contrary,
there is every reason to expect that, With
the approval of the Imperial Government
they will take the necessary measures to
ptevent new incursions across the border.
The act passed at the last session for
the encouragement of emigration, has, so
far as possible, been put into operation.
Tt seems to need amendment, which, will
enable the officers of the Government to
prevent the practice of frauds against the
while on their way, and ou
their arrival in the ports. SO as to secure
them here free choice of avocatlons
and places of settlement. A liberal dis
position towards this great national policy
is manifested by most Of the European
States, and ought to be reclproca'ed Oh
our part by giving the In migrants effect,
i've national protection [ regard our
immigrants as one of the principal re-
plenishing streams which are appointed
by Providence to repair the ravages OF
internal war, and its wastes of national
health and strength. All that Is neces-
sary is to secure the flow Of that stream
in its present fulness, and TO that end
the Government must, 10 every way
make 1t manifest that it neither needs
nor designs to impose involuntary mill
tary service upon those who come from
other lands to cast their lots in our
country. #... . no
THE NATIONAL FINANCES:
The financial affairs of the Govern,
ment have been successfully administered
during the last year The legislation Of
the last session Of Congress has benefc-
tally affected the revenues, although suf-
fcient tune has not yet elapsed to ezpe-
rience the full effect of several Of the
provisions Of the acts Of Congress in
posing increased taxation.
The receipts during the year from all
sources, upon the basis of~warrants signed
by the Secretary of the Treasury, includ,
ing loans, and the balance in the Treas,
ury on The first day Of July, 1868,
we're 81 ,304,796,o07 81, and the asgre,
gate disbursements upon the same basis
were s., 8,056, ,l01 89,leavlng balance
in the Treasury, as shown by warrants,
Of S96,739,905 70.
Deduct from these amounts the amount
of the principal Of the public debt re,
deemedr and the amount Of issues IN
substitution therefor, and the actual cash
operations of the Treasury were: Receipts,
$884,07 ,646 81; Disbursements, $3.50,
234, ,087 S6, which leaves cash balance
in the Treasury of Sl8,S42, ,558 II.
Of the receipts, there were derived
from customs $I02,3l6,l52 90; from
lands S588,333 %; from direct take.
S475,6 ,648 90; from internal revenue
Sl09,741 ,134 10; from miscellaneous
sources 647, ,5ll,448 10; and from loans
applied to actual expenditures, including
former balanco, S62G, ,443 ,920 IS.
There were disbursed for the civil
service S27, 7,508.599 IS; for pensions
and Indians S7,G27,930, ,O7 ; for The War
Department, S690,79l 802 OF; for the
Navy Department, $S5, ,733, ,292 II; for
interest on the Public Debt, $685.
42l 60; making an aggregate Of $685..
234, ,067 S6, and leaving a balance in the
Treasury of S48,842,55S IL, as before
stated sr.
For the actual receipts and disburse-
ments for the first quarter, and the esti,
mated receipts and disbursements for the
three remaining quarters of the current
fiscal year, and the general operations Of
the Treasury in detail, I refer you to the
report of the Secretary Of the Treasury
/ concur with him in the opinion that
the proportion of moneys required to
meet the expenses consequent upon the
war derived from taxation, should be still
further increased, and [ earnestly invite
your attention to this subject, to the end
that there may be such additional Iegis, |
ation as should be required to meet the
ust expectations OF the Secretary.
- THE PUBLIC DEBT.
The public debt on the 1st Of January
asst, as appears By the books Of the
Treasury, amounted 70 one billion, seven
hundred and forty thousand millions, six
hundred and ninety thousand four hun
lred and eighty,nine dollars and forty,
aine cents. Probably, should the war
continue for another year, that amount
will be increased by not far from five
,pn1red millions Held &c II i for tho