The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1864-12-16

oy the Secretary of the Treasury, including
loans and the balanci M the treasury on tn,
Is, day Of Ju'v, 1863, were $l,394,796.
0O7 so, and the aegtegate disbursement
upon the same basis were 81 .29S056.10
o0-leaving balance in the. treasury y
shown by warrants, of $96.739 ,905 73
Deduct from these amounts the amount o
the principal of the pubic debt redeened
and the amount of issues in substitution.
therefor, and the actual cash operations o
the treasury We're receipt $SS4,0766467 II
disbursements, $s65, ,234,OS7 80, whicl
leaves y cash balance in the treasury Of SIS.
842,55S Al. OF the receipts, there w4r.
derlye! from Customs, S102 316l52 90
FROM Lands, 1888 1913 30; from direct taxes
S475,t6S 90; from internal revenue, Sl07,
74I,l3t 10; ftom miscellaneous sources
S47,5ll,44 70; and from Loans applied
to actual expenditures. including forme
balance $623.443,9s9 l3. There were dis
bursed for Civil Service, $27.5O5, 500 46
for Pensions and indians. $Z5l7.930 81
for the War Department. $G0.791 S42 9?
for the Navy Department, SIS ,733.1a2 70;
for Interest of the Public Debt, $53 6s /.
42l SO; makinf an aggregate of $685..
?340S7 So and leaving balance in the
Treasury of $lS,542555 II, as before
stated. For the actual receipts and dis.
bursements for the first quarter. AMI tn,
estimated receipts aud disbursements for the
three rem-ining quarters Of ihi, fiscal year
and the general operation, of the Treasury
in detail, | refer YOU TO the repor, of tht
Secretary of the Treasury, concur with
min in the opinion that the proportion ot
the monies required 10 meet thu expense,
consequent upon thu war, d'rl> ed from tax.
alton, should ba still further ,nttease,l, aad
| earnestly invite your attention to this sub
l-ct TO the end, that there may he such al
jltiona legislation as shall he required t.
meet the Just expectations of the Secretary
The public debt, on the lit day of July
last, as appears by the books Of the Treas.
ury, amounted to ono billion seven hundred
anl forty. Thousand millions, six hundred
aud ninety Thousand four hundred an |
eighty nine dollars ani forty -niue Gems
plob.bIy, should the war continue for An.
other year, that amount NAV be Increased
by not far from five hundred millions
Held Ms IL is, f,r the mast part. by OF" own
people, it has become substantial branch
of national, though private property. Fm
obvious reasons, the more nearly this pro
perty can be distributed among all the peo-
pie, the better. To favor such general dis g.
tributlon, Grester anducements to become
owners might perhaps, with good effect, and
without injurj, be presented to persons Of
hunted means. With sview, | suggest
whether it might not be both expedent AMI
for Congress to provide that II
limited amount of some future issue Of
public securities might be held by and bone
fde purchaser exempt from taxation and
>elzure for debt, under such restrictions aud
limitations AS might be necessary 10 guard
against abuse at so important privilege
FhIs would enable prudent persons to set
aside small ANNUITY against possible day
ot want. Privileges like these would renter
the possession OF such securities to the
amount limited most desirable to every
person Of small means, who mghl BE-, able
10 save enough for that purpose, fhe great
advantage of citizens being creditors as well
AS debtors, with relation to the public debt,
is obvious. Men readily preceive that they
cannot be much opposed BY debt which
they owe to themselves. The puoIic deb
ou the first day Of JaIy last, although some
what exceeding the estimate of The Secre
lary Of the Treasury, made to Congress a,
he commencement of last session falls
short of the estimate of that officer male IN
he preceding December, as to its probable
anouut at the beginning of this year. BY
The sum Of $399,507,933 This fact ex
Ilbits satisfactory coudition and conduct
of the operations of the Treasury.
The National B.nking system is proving
% be acceptable to capitalists and to the
people. Ga the 25th of Move nber, 594
National Banks had been organized. A
considerable number of which we're conver-
'lons fInm State Banks. Changes from the
State system to the National system are
'p'edly taking place, and it is hoped that
very soon there will be in the Unitel StatAs
~ Bank Of Issue not autnoriz41 by Con-
sress, aud no Bank not with its circu,at,on
% secured. by the hovefnneut. That the
Government and the people will derive gem
,rai benefit from this change N the han sing
ystems Of the country, can harIly be ques-
lonel. The National system will ere ,ts a
eIiable aud permanent Influence in support
# the national credit, aud protect tn. peo.
'l- against losses in the Unite Sats Of
'ap-r 'noney. Whether OF not any further
agisation is advisable for the suppression |
f State Bank issues, it will be for Congress
o determine. 1t seems quite clear that the
'reasnry can not be satisfactorily conduct
d, unless the Governm ,nt can exercise
sstraining power over the Bank note cir
uIstiop OF the country. III ny |
Tile report of the Secretary Of War and
documents will detail the
Of the armies in the field, since