Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-12-07

.aendS that all doubt be removed by leg
siAnon. The act of June last, authorizing
me Secretary to dispose Of any bona
Known as 5-2Os remaining unsOld, Nh m
H least questionable whether BY tnR
ciause power Is conferred upon him to olS'
pose OF an amount beyond that fixed Ry
existing laws. Additional legislation may
remove that doubt, should Congress thiaS
II advisable, otherwise they may be can,
eelled. The Secretary's 5Oo,o0oOOO, a.
least, should be realized from internal GU
sies- 1t is for Congress 10 select the
source from which this desirable result can
Do obtained He suggests whether the m m
come tax should be collected feom all
without exception, in connection with sub
jcct of income tax and the necessity Of
avoiding additional tax from ordinary
sources. r-. s-.--
The Secretary calls attention to oOur pub
Lie domain, especially to that port on OF 1t
abOpnding In precious and other metals
which BY the policy of the Government il
hss bean reserved to the nation, and hopes
4hsa H.. -nA--.ass max ba able to devise some
"Aicn tnasa lands may be made
available to extend the income IN EUIHe
msasurs In proportion to their yearly pro-
ducsion. He suggests that board OF ON
GERS or commission should be appointed
to decide whether such income as may be
received from public domain from SALES, or
In the shape of rates of rents or royalty
may not be benedcislly appropriated to the
same purpose ss foreign loans.
He says the possible benefits TO be de-
rived, has not seemed sufficient to overbal-
anee other and opposite considerations. de
does believe that patriotic people strug-
Cling for the national existence, and pos
sessed of ample means, should compel him
to adopt measures SO fraught with Injuries
to the Constitution as to issue paper money
beyond the limits prescribed. The qnes-
ton, however, is one for the people to de-
eide. They have pronounced for eontin-
uance Of the war, until its great object
shall be accomplished in unmistakabie
terms. 1t Is for them furtheft to determine
whether the necessary means shall be fur
nishsd by way of loan and circulation to
be restrained within State limits, or
whether they will prefer to endure the
evils of ezhorbitsnt prices, with the loss
of credit in the present, and debts of end
less magnitude entailed upon the future
Netes bearing an increased rate of inter
est, payable in currency, redeemable in
three or Eve years, and convertible at ma
turity into $40 bonds, would be preferable
to any ether form of security
Any estimate of the prs5abie Teeepls
and expenditures for the next fiscal year.
RusJ a4ee<---- ~ ~ Iiahle TO uncertainty.
This remark applies more particularly ."
arnanditures. While existing laws remsin
unchanged, the amount OF revenue may be
calculated with reasonable certainty. 1t
Is impossible to anticipate what the exi-
pencies of the war may require on the one
hand and on the other it may be eentl-
dentl " hoped that the great struggle Is
nesr its termination, and consequently an
estimate now submitted gill prove far be-
vond the wants of the gear. While any
Doubt remains, however, it would be insane
10 assume any other basis of calculation
than the one indicated upon the existing
stata of affairs.
RECEIPTS,
Receipts for the year ending June 3oth
1884 are estimated as follows
From customs, S7O,OOOOOoi from inter
nal duties, ssOOOOo,OOO; from lands
81 600 600; from miscellaneous sources
S25, ,OOO, 900. aggregate, 3e,oG90oo
EXPENDITURES.
The sxpenditures are estimated as fol
lows:
Balance of unexpended appropriations
$3.50, 100000; for civil service, $33,
os2 Os7 pensions and Indians, Sl,49e,
O5o: War Department, s2,258, ,lsI; Nav,
Department, s1l2,219,eO interest Of
public debt, $127, 100000, aggregate 81, ,leS
25o,OO5. But from this aggregate there
NAV be deducted, as likely to remain M
expended at the close of of the year, $3.50
600 600. Total, s8ls,25e,OO5. Deduc
ths estimated receipts frOm ordinary SCI
vice. Sss6,OoO, there will renal
to be provided for by loan
A aaO6Oo dollars. To this shOul
he addei for the redemption of certifeat'
Of indebtedness, $47, ,s65,OoO, making IL
! whole amount to be provided for By Iosl
.s0, 0,s2bOo5. Assuming the correctne
these estimates, the whole debt on Il
day Of January, 1885, would
80 - by adding the foregoing amount
N'oSs 5s.oo5 to the estimated debt July
,asE % =, ,22s,Oea,s77, giving $2,s45,3206I
80, cunt of all the debt at the close
tbs nsIt lscal year.
'H' 80 YORK CHARTER ELECTION.
T,,a Ch.- fer Election VS. held to-da
ma. ~ots va light, AMI returns thus f
%uo II ia, ate the election of the Tai
many candida 'e'-
,r,soR FROM SAVANNAH, ...
rso savanna Republican of the l
saws It was nnenti oned in the forenoon tt
Sorcs . { Feders's had lauded in Bro
P;0.r =, I'd were advancing on the Ri
.S - n n direction Of Grahamsv''le.
Daring the night n1e COnfsdefs
t-sn,nortsd IN effective fOrcS to that poi
vbicb with bat already on no grOTu
marched forwa I'D On the Soth of Move
} he- under tn command of Gene
s~.;.h 81 the G, Norgia State troops, nu