Holmes County farmer. [volume] (Millersburg, Ohio) 1857-1926, 1864-11-24

total not lar from half, that IS 10 gay, S3l2,-
o6V,3-n has been applied 10 TIE extinction
OF the ,pnnlc debt, whlie INC tptal eNpcndi-
lures nave pecn SN'-''''i'VJ' lcaying
1,ajahce N ihc treasury on t|e 1T October,
ioTi' M oI 20 100 ffO' d, 50.
re tota amount oi tDe Pptl!c debt, hs
cNhihited on ihe books "i th' i'.is Yer OF the
LI,as,nIy. ui tac ~ Gl Oc,nbrt; I55l' was
e. IfG|'V'2"1' of which 500 SiV.o .o9' were
luhItu ueDta' gearing lhtG's u oo,eoJ, lJO
were treasury notes OF tbe new issue and
/ ne remainder consisted OF the former issue
/ on treasury notes when VIII be- converted
; mo 0'her forms OF depl, ana VIII cease 20
3 exit eNdI as currency on thcoIHt OF next month.
ne report hoWcNeri cA plalus that, IN
consequence ol the absence oi certain returns
from distant ofhcers the true amount OF the
4 ucDt Is icS', by apout twenty-one and half
/ millions nfdoIlars, than NJ pear, on the books
/ of the register, and that the total public
debt on the lst OF last month, may be fairly
considered to have been 81, l26 ,3Sl ,095.
! The mcraase OF the public debt during the
SIX months from the lst OF April to the lst
( OF October, was S9T ,G50,zSO, being rather
/ more than Slo,oUoooO, per month, and 1t
! WIN be apparent on-a pcrusai Of the report
thH TINS augmentation wouIdA have been
! avoided, ana Il positive reduction OF the
7
/ certain defects III the legislation on the sub
: Ject OF finances, which are pointed out in
| the report, and which seem to admit OF easy
! remedy
/ In the statements just made the foreign
/ debt Is omitted. 1t consists only OF the un-
paid balance OF the loan known aS the cot
/ ton loan. J his balance Is but ZOO. GOO,
/ and Is adequately provided for by about
! OOOV bales OF cotton owned by the gov
crnmcnt, even if the cotton is rated as worth
/ but slNrencc per pound.
There IS one item OF the public debt not
! included III the tables presented, to which
your attention Is required. The bounty
pot!s PROMISED 20 our soldier, by the thlrd
Sccli"h -, ~ thG ac' ol l''h Egpru2rY' lSE b
were "cNNerup'e Oh 'he iSt OF OIoher' Inc
SecIc'"IA mas pecn uhap!c 10 issue 'heii by
reason oi an OMISSION III the iaW no time
peIng theIeih hAea Iof the payment OF the
bonus.
i IIc aggregate appropriabohs called 1oi
/ DV inc Inherent departments OF the govern
y ileht, accoraihS 10 me estlmafe submitted
with the report Tor the SIX months ending
on on tie "0th OF June Io''' amount 10 St3H'-
lV-;o'9, "hle the secretary estlhlair5 that
there VIII remain uneNpcndGd; out OF former
appropriation, on tne ~ OF January, ie'',
a balance OF S4o' ,flb,oO4. 1t would there
lore seem that lormer estimates have been
l9fgely III excess OF actual expenditures, ana
lhaC no aduitlohai appropriations are re-
/ CURED Tor meeting the needs OF the public
service np to the lst OIL July OF next year -
Indeed, II the estimate now presented should
prove to be as much IN excess OF actual ex-
penditures aH has heretofore been the ease,
considerable balance VIII stu remain uneX-
pended at the close OF the hrst hail OF the
i ensuing year:
! The chiet difficulty to be apprehended In
connection with our finances, results from
the depreciation OF the treasury notes, which
seems Justly to be attributed by the Secre-
tary to two causeS-red undancy in amount
ana want OF confidence IN ultimate redemp-
ton 19r both oi which, remedies are sug-
gested that VIII commend them.elv to your
consideration as being practicable Us well a-
eihelent. o...
The man features OF the plan presented
are substantially these; ist. 1hat the iaith
oi tnc government pe plcngcu that the notes
S'i''n T rhvt remain tAehiR' ilo,il '%"tiol''
H. - ,,i,;'L ."i ~ iIs"o Hnuii pe n1Ie I,!onu
SI"' @I at 'iie. - ",oi, @ 'ui',"iiHeu pi
l ii'"t " NIi G' 'a'" iiHo,; poi i'oit VI I'lc "-
t""I u lon' 'uA:.iIn Hul'nS lno war
a,i,'i' ~ ~ rto,S .oi anu S''uu:i
u & ~, i'io "u,5,,uI's @riiT,'S mIn h
h, ,.'' Th" Lun a'J 'oJuIuu !"
l,n ~ pleoSo "uu :pIt"lI' i'.l9I = Vi Sucii
W rnr ~ th n'',.' ." T., suo'
'"ui shnli ~ SVn S,ft "n,ti em' h ,e'f f VI PGare
';o nf +bo o't;.a ND ~
/ /