The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1864-12-16

lection | regard our cmigrants n,
one Of the principal ocrlcnishina
streams which are appointed by Prov.
idcnee TO repair the ravaCes of inter.
nal war, and its waste of national
strength and henlth. All thatis nee.
essnry is 70 secure the 1ow of that
stream in its present fnllncss, and 70
that end the Government mnst, in
every way, make il manifest that IL
neither needs nor designs 90 impose
involuntary military service upon
those who come from other lands TO
cast their lot in our county.
THE NATIONAL FINANCES.
The financial affairs of tho Gov.
eminent have been successfully all
lministored during the last year. The
requisiton of the last Session of Con.
gress has bencioiolly affected the rev.
cnue, although sufficient time has not
yet elapsed TO experience the full cf
feet of several of the provisions of
the Act ofCongrcss imposing incrcas
ed taxation. The receipts during The
wear from all sources upon the basis
OF warrants signed by the ), cretlry
OF the Treasury, incluliug loans, and
the balance in the Treasury on the
lst dav Of July, 1853, was 1891.
iJ6,OOI 62, and the aggregate dis.
burscmrnts upon the same basis wore
81 29S ,05G l0l SS. leaving Il balance
in the Treasury, as shown bv war.
rants, of S06,739,90j 73. Deduct
from these amounts the amount of
the principal OF the public debt re.
deemed, an ! the amount of issues In
substitution therefore, and the actual
cash operations Of the Treasury. were:
Receipts, SSS4.076.7I7 II; dtsburse-
mcnts, $3.50. 23I0S7 So, which leaves
cash balance in she Treasury Of
SIS, ,SI2.55S II. Ofthc receipts lhcro
were derived from customs 9lOo.
3l6, lj2 90, from lands, Sj8S,333 20:
from direct taxes, 3475,GlS 0j; from
internal revenue, Sl00.Il1.12i 10;
from miscellaneous solrcps. AtT.jI1..
Il3 10 and from loans applied to ne
tual expenditures, Including the for.
mer balance, 1923, ,4l3,920 l3. There
we're disbur'rd for the civil service.
S27,]Oj.509 i6, for pensions and In
dians, 5T,5l703D o7. for the War Dc
,pHtmeut, Sj0,Ial,2i2 ~; for the
! Navy Department, 5S5. I33, ,2o7 70.
. Tor interest on the public debt, 953,
I685,42l 90. m,king- IN aggregate Of
$3.50 ,z3L0S7 So, aud leaving a hal
aAco in the Treasury OF SlS,Sl2 552.
! II, as before stated.
| For the actual receipts and dishuYtc.
inents for the fret quarter and the
estimated receipts aud Disbursements
\ for the three remHiniug quarters OF
/ the Gscll wear and the general ope
'rationS Of the Trc1tlrv in lq,ail I ra
itr Non 30 the report OF the Secretary
iOithc rral,mrY | concur with him
a., in tie opj1ion that thc proportion ol
+ the moneys required 70 meet the ex
/ pels's consequent upon the Wm lie.
rived from taxation should be still
/ further increased, anl earnestly invite
your attention to this subject, 90
tac end chat there may he such
/ additional legislation as shall be re
quircd TO meet the just expectation,
OF the Secretary.
TuE NATIONAL DEBT.
The public debt on the first day o
July last, as appears by the books o
the Treasury, amounted to one bill
lion seven hundred and forty million
six hundred and ninety thousanC
fonr hundred and etghtv.nine dollar.
and forty nine cents. Probably sho' {
the war continue for another yea
that amount may he increased by no
lar from five bundled millions. Hell
as II is for the most part by our owr
people, Il has become u substantial
hNnch of national though privett
property For Obvious rcason5 the
more nearly tid3 d3ptOporty can he dis
trIhuiod anoAg all the people the bet
ter, To favor such general distribu
ton creator inducements 90 becom,
owners might, pcrh0ps, with goo,
effect, and without injury, he pre8cat
el TO persons Of limited means. -
With this view | ou4geSt whatner /
|, might 40, Ice both cSpedicutand cOm
petcnt for Congress 10 provide that
limited amount of some future issu
of the public securities might he llolC
by any 6oaa Ede purchaser exemp
fom taxation, and from seizure 70
. debt, under such restrictions and limi
, talion rs might be necessary TO guarC
against abuse Of so Important priv
| ilegc This would enable prulen
persons to set aside 4 small nnnuit,
against possible day Of want
z Privileges like these would r2nde
, the possession Of such securities t,
the amount limited most desirable {,
every person Of small means, viii,
might be able to save enough Tor th
purpose. The great advantage o
| of citizens being creditors, as wcll a
, debtors with relation to the publi
, debt, is obvious. Men readily per
/, cciye that they cannot he much op
, pressed by debt which tney owe i
Themselves. The public debt on I'll
, first day of July last, although some
, what exceeding the estimate Of tn
t Secretary Of the Treasury, made d
Congress ut tue commencement otth
session, last session, falls short OF th
estim,ite Of that officer made IN th
l preceding December as to its proha