The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1864-12-16


exhibited on tss books Of the Register Of
wM 2h.lsi ,s10.20s, Of which S539 .3aQ.-
O90 were funded DEBT Bearing interest,
1888, 5c0,l So were tsea.sry notes Of the
new issue, and the reIna iDeksf eoasists,i OF
tue losmer psDes OF treasury nots.. which
will liz converted ,ato other forms OF debt,
Ard viii cease 10 exit .. currency on the
81 81 Of next month.
The report. however, explains that, IN
I consequence oil the absence Of CERTAIN re-
turns from distant officers, the true smo1n,
Of the de0t il less, by shout twenty-one
and u half mi iions Of dollars than appears
on the books Of the Register. and that the
tota. punlic debt on the FRS, OF last month
may be lairly considered TO have been : =
9b,S-l 095.
The inorcA-. Of the puhhc lcb, during
the siI month. from the frat Of April to
the inst Of October, WAS Sg1 600 $50,
being rather more ihau $4,000 900 per
month, and It will be apparent, on peru
.sl ol the report. that this aug Debtstion
would have been avoided, and u positive
rcdsct'on OF the amount would have been
Effected but for certain defects IN the isgis-
lstion on the sub,ec, of The iuAsees, which
Are printed out 10 the report, And ~hlch
seem 10 admit Of easy remedy.
10 the statement Just made the foreign
debt is omitted II consists only Of the
unpaid balance OF the loah Known as the
cotton loab This balance is but ~ 2UUe
600 and is adequately provided Tor D.,
about 25c 400 bales Of cotton owned by
the Government. even If the cotton be
rated Ne worth bnt six pence per pound.
There IS one item OF the pubic deb, not
included IN tae tables presented. 10 which
your attention IS required The bounty
honrs promised TO our soldiers by the third
section Of the act Of 18th, Of February,
ls6i were deliverable on the lst October.
The Secretary has been uhabiu To issue
them by reason oil NJ omission 10 thc law.
no time boine therein liked ior the pay
men, OF the bonds
Inc aggregate appropriations called Tor
by the dllersot departments ~ tho Gov.
ctnment. according 20 the csilnsies sub.
nitted with the report. ior the So m. ths
emilng 90 the Both June 100, amouut TO
,!Je. .02 SO. while III. Secretary csti.
mates that there viii remain uBcA pendco
cat ut ioruAr appropriation, on tie st
January, 1853, baianee Of sAIoIit,-
Boa. 1t would. therefore, seem that for
mcr estimates have been largely III excess
OF actual eXpeod lures, and the, no add
tonai appropriate ore required for meet
lng the needs of the public service up to
the LIST July OF next year. Indeed, II the
estimates no. presented should prove to
be ss much in excess Of sexual eIpendi-
lures Ms has heretofore been the ease. n
considerable balance viii st'li remain uu-
eipended At he close OF the inst hail Of
tho ensuing year
/ The chief difficulty 20 be apprehepded
l in congestion with orr finances results from
/ the depreciation Of ihc treasury notes
which seem. ii.tly to be attributed by the
Secretary to two eauses-r,dunJnrr In
amount and want of confidence IN Ultimate
relcnpiion Tor both OF which renedi-,
are suggested that will commend ihem
selves TO your consideration az being prac.
/ tieabie ~ wei a. efficient,
The main ieatures Of the plsp presented
are substantially tmse Frr That the
l.ith Of the Government hc pledged that
the notes shall ever remain eNeuiI a ON
TAXATION Second Thai 81 issue shall
be made isryuud that which ]. already al
lowed by law. 1bird That a certain
lived portion of the annuai receipts from
taxat,u. durias the war shall be set apart
specially for tbs gradual extinction Of the