The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1864-12-15
sTRoUDsBURG, MONROE COUNTY, PA. DECEMBER Is, 1854

+. States, and ought to be reclprocated on
; our part, by giving the Immigrants eifec
: tive national protection.
$ | regard our immigrants as one of the
! principal replenishing streams which are
appointed by providence to repair the raw
ages Of internal war and It's wastes of ma
tional strength aud health. All that is
necessary is to secure the flow of that
stream in its present fulness; and to
that end the Government must in every
way make it manifest that it neither needs
nor designs to impose involuntary military
service upon those who come from other
, lands to cast their lot in our country.
The financial affairs Of the government
have been successfully administered du-
ring the last year. The Legislation of the
last session of Congress has benefcially
effected the revenues, although sufficient
time has not yet elapsed to experience the
full effect Of several of the provisions of
the acts Of Congress imposing increased
taxation
The receipts during the year from all
sources upon the basis of warrants signed
by the Secetary Of the Treasury, inclu-
ding loans, and the balance in the Treas
ury on the lst day Of July, 1868, were
81 ,294. 1856, ,007 90, and the aggregate dis
bursements upon the same basis were ST.
2S8, ,056, l0l 50 leaving a balance in the
treasury, as shown by warrants Of $685.
739,905 49,
! Deduct from these amoants the amount
of the principal of the public debt re-
deemed, and the amount of issues in sub
stitution therefore and the actual cash
operations Of the Treasury were : Receipts,
sSS4,070,64G57; Disbursements, $780,
234, ,0S7 S6, which leaves a cash balance
in the Treasury of SIS, ,842 ,55S II.
OF the receipts, there were derived
from customs, Sl02,2l6,152 90; from
lands S5S9,333 %; from direct taxes,
S475,G48 &c; from internal revenue,
Sl09,74l ,I34 10; from miscellaneous
sources s47,5l1,448 10; and from loans
applied to actual expenditures including
former balance, S623, ,443 ,929 l3.
There was disburseI for the civil SER
vice s2T,50S, 500 4G for pensions and
Indians, S7,5l7,930 81 !; for War Depart
ment, $500, T91 ,S42 81; for the Navy
Department, S85,732,2 ,292 II; for inter
esq on the public debt, $56,6S5,42l 69;
making an aggregate OF 1865, ,23t ,087 S6,
and leaving 4 balance in the Treasury Of
$lS.S42, ,52S II, as before stated. For
/ the actual receipts and disbursements for
, the first quarter, and the estimated re
ceipts and disbursements for the three
remaining quarters OF the current fiscal
year, and the operations of the Treasury
in detail, refer you to the report of the
Secretary Of the Treasury. Iconcur with
him in the opinion thot the proportion Of
moneys required to meet the expenses
consequent upon the war derived from
taxation. should be still further increased,
aud l earnestly invite your sttention 70
this subject to the end that there may be
such additional legislation as shall be re
quiTed to meet the just expectations OF
the Secretary.
The public debt on the 1st of July
last as appears by the books Of the tfca-
saTy, amounted to one billion seven han
dred and forty thousand millions, six hun
dred aud ninety thousand four hundred
and eighty nine dollars and forty
cents Probably should the war eoutin-
US for another year, that amount will be
increased by not far from five hundred
millions. Held as it is for the most part
by our own people, it has become sub
stancial branch Of national, though prl-
vate property. For obvious reasons The
more nearly this property can be distrib
uted among all the people the better
/ TO favor such general distribution greater
! inducements to become owners might per-
+ haps with good effect and without injury
be presented to pcrsens of limited means.
With this view | suggest whether it might
not be both competent aud expedlent for
/ Congress to provide that limited amount
of some future issue Of public securities
might be held by any bonafde purchaser,
exempt from taxation and from seizure
/ for debt under such restrictions and llm-
itation as might be necessary to guard a
gainst abuse of so important privilege.
This would enable every prudent person
to set aside small annuity against pos
sible day of want.
Privileges like these would render the
possession Of such securities, to the a
mount limited, most desirable to every
person of small means who might be able
to save enough for the purpose. The
: great advantage Of citizens being credi-
tors as we'll as debtors, with relation tc
the public debt is obvious. Men readily
, perceive that they cannot be much op-
7 pressed by debt which they owe to
themselves,
The public debt, on the Ist Of July
: last, although somewhere exceeding the
: estimate of the Secretary Of the Irea
: sury made to Congress, at the commence
G ment Of the last sesson, falls short of the
estimate of that officer made in the pre-
| cediug December, as to its probable a
= mount at the beginning of this year by
) the sum of SO ,995, ,097 81. This fact sx
hibits satisfactory condition and con
> duct of the operations of the Treasury.