davidaulloa/AmericanStories huggingface dataset:
, 1865-09-20
| FINANCIAL AND COMMERCIAL.


49, TuEsDAT EyEn1HG, Sept IL.
| TIC money nArket to-day was moro stringent
Than for several days past, and thero~s general
scarcity Of currency ut the Ieadtng discount houses
This st1tngeney wns intensified to-day By hear,
drafts on some Of the National Banks by 'Pa5mas.
tarr which forced them To draw On their easte1n
| balances and sell their exchange. The bankers,
however, generally managed to supply their best
customers viii currency at 10 per cent per a1num
but fhern wns closer discrimination made than Is
rsEal Street fatca ren1ain steady at 1l2 per cent
per month.
TIC are happy to learn that The bankers generally
refuse to discount paper or make advances to me,e
Spectators. This Is The result Of outside pressure
bJ stockholders and deposltos, who harc protested
against their capital being used to produce suth
deadlock In business as occurred List week II this
policy il pursued vigorously for few 6ecks, ou1
nsrkcta will be steady apd business generally viii
improve. 81 =. : =
We we1e called upon to-day BY a stoekholdes oi
the Bank to which we referred yeatezday, who tn.
formed us that be had personally axarnlnod the
books of the institution. and found that 10 fund.-
had been loaned, as was supposed, to grain Fpecu.
lstors. In yesteTdnJs tssue We Published the stata
ucnt Of the Frestdcut to the same effect; bnt- The
stockholder in question seemed to think, that ne
had thrown dIscredit On the statement, We had no
such intention. On the contrary, We have cvery
reason for sustaining the bankinK Institutions of
our city, and We are only too glad to place tto In
proper light befo.a the community, whenese. the
facts will warrant It. At tho same time II Is The
duty of public journalist to wntn those immedl-
ate1y interested against allowing banking insitu-
tons to run themselves. Fortunately, we haronov
dnly Incorporated bank. and ercry Etockholdcz has
the right, as 1t il his dny. to SEQ that afatrs are
managed with due regard to safety End the public
welfare. This Is Ill ask, md all tho public hiss
night 10 den1and t
With regard to tho current opinion On the street
that banks we're providing grain spectators with
money, we only reported 1t as we would anything
e1eeeonnected with t1ade and eon,neste. It is well
known that there is large class Of mcre specula.
tora tn this city. and 1t L. remarkable fact that not
single banker is willing to acknowledge that ho
enpplles them with funds, This Is, ut auy rate, a
healthy indication. ;
Tho market for Eastern exchange was better sup!
piled to-day hut it mainly owing to ihe scarcity
Of currency, which forced bankers to reduce their
balances In New York, and round lots were sold at
par early tn the day, and 25D5Qc prem. . thousand
about the close. The rates at the banks, however,
arc unchanged, giz: par buying, and ITO prem.
selling .
Gold opened to-doy In New Fork at 14ssx, md
closed at 1+sk. Tho following arc the quotations
telesraphed to James Boyd & Brothers, gold htok.
rrR.
, 1865-09-20

The receipts arc very nearly the same last week
The entered sales foot up 150 head, at 5aa1110
7fe market to-day hAs been farlT Wild and prices
hAye reached dizzy altitude The receipts have heen
rather light and the reception Of seFeral csera fm
Baltimore, Philadelphia and other points sent lare
number OF buyers Into the Market and lively compe-
titon has existed between the ald prices were run
up to fabulous fgurt- He have examined the matter
closely aat can Ind nothing to Justify these high rates
here. Ee did hear of slight improvement IN Balti
more, bat nothing equivalent to the advancehere e
caution droTeTs and oheta not to be sled By these
psices for 1t is not possible that they be sustained
They may Lat fer DAY Or 10, but not lon '.,jcas
men VIII be cautious In taelF uvestmea ~.!, tbe1o
Rates prevail Among the most notable sales u.ado to-
day IVES ORG By Ta1lwork d Mallory, at the Fort
Wayne Yards. 1neJ sold lot Of very rne HcrksaI7e
Hogs averaging rs ns, tl1bo. This Is the highest
price paid In this market for many months.
Wcquote the market a. excited and prices crrara-
kantIy high.
, 1865-09-20

Total e1penditufe.
ZOE 1963'Ci.
1ntzeateof the debt from July 1st, ~,
to July 1tt, H.-.......... ...,....
Receipts from July 1st, 81, 10 July
lat. M
, 1865-09-20

hep- ma'orats '..A+oS7l Hep. na'oFdty.".as go
1he lsepuoncan majority In the State will
exceed 2o"oo' against lo'ooolast year, though
This is the inst time, aftcr Presidential clec.
tjon, tAat Maine 1as civen NJ, Increased Roz
nuh1,con ma;oritv- Thc connc,,,ead nj ,f,m, 1
.opposed universal suffrage: t.c pennblicon
,platform declared uueouiyo.aly far II. md t1,e
ssaemocracy,, wont 10 th,, 1o,ls ,r,tb tns
watcb.xori adown w;t1, tie aho,;,;or,.ts
and nerrocs. I" Bcho1f1 tbc rcsult. 0nr nlotfor1,
and ticket vas stroIght out.and-ont-sonore-
.toed ,odioa,. There waa none of the coEsr1,v
dodeiur and trimming p1actised by tho Doo-
Titles Of Wisconsin The Republicans faced
the music IKE mcn Win fad faIth in their
nrofcs<tone and tl1e boncst masses sustained
them. Il has l,een said ttat The soldiers arc
opposed ia comforting the elective franchise
on the co,orcd ,nen Of The sonth. But the
yote in Maine docs not show It. THREE -fourths
Of the soldiers of tbat State werc At 1,omc on
election dav, and thosc of them who yoted
evidently supported the Republican ticket. as
tic largely Increased majority on a 1icht vota
prores. The election shows another thing.
That The more decent and respectable Demo-
guts, who have some conscience. either "a.
Trained from voting or znnnorted The cause NJ
universal sutfrara. nn1v t1,e enrlv o,,etocr.ts =
md icnornnt and n,c,raicad rahb1s or,,,nsodu
, 1865-09-20

Fr0Visgons IN philadcIphla-Sept. 1f}.
The stocks Of all kinda are very much REDUCED, and
nc NE maIhst "a @ almost M st stand ssl Eth small bns
ioo oris sold attsL1s and ceE III lots ii $1soIa
ioT country and city mess facon moves Of SLOWLY
tEespc for plain and fancy Hams, and la1 11Skc fof
Shoulders; Or green meats ihf saics are light 1t lsK
GIG fof Shoulders u SAIL &c for Hams IN sail
Gl prime western uetce atzeic. which Il IN advsnce
n1nes M = nnehanssd With n1odearats receipts and
q In qualify. Goshen Il held higher but ve4y 1uiet
Cheese Ia acttsn and acas at nal7c, ~ IN auslify
E%gtsREe scarce and worth &c = dozen.
, 1865-09-20
PHILADELPHIA Irou n,

!, Fh1ladciphin Iron Hnrket-Scpt. IS.
vance, most mASers being sold up The saies are en1.
Ined to aoont go toss r. small lots mostly Anthrs.
for good No. ~ which rates there are mare bnvcTs
tnAh sellers Foe manufactured the demand IS active
aud pE1cea generally tending np with good annuiry
fp{ bars and rails at the lAie advance e '4A"AA1
, 1865-09-20

good. It tt1o9o: ~ tlscklo years soot oo
ye1T1 Old, good q s0j; III, haT. years old, very
good, 1t 70; ~ dalk reas3 old rood as $1,000
Jcass old. good as 311oo; i a.rk. yeas DID, god
, 1865-09-20
7-30 q. S. NOTES
july guRlEa,

SECOND NATIONAL BANK OF CHICAGO.
MeWu 1n orders from dealers for the present sc4ies
Allnwct. = - " " 2 ~
~ the opportunity for subscribing has past We cau
notehErf receive the iva per cent tKo-ytar Notes
r,rr -1,,.-.s J. K. RE1s, President.
, 1865-09-20

Sunday and Monday. t;459 liA i,7ii -
Iue8day..-.-.-.-...... ST :N 800 BA
r..., - -
Same ttmelsst week. Lin ~. Ala 49,.
the ssme tirrr Iast wert So wv A'''e S114 iot
Tn ~+o..s s.1.. ~
., w.. ~ Snies 'o"a1s oaFe beea 1s' head al
Tbs demand has been quite hea,y, sud the sunc,v.
The Esnts o1 lie t.de ma ~" ~ , ,s
~.Hs ~ - ~' 49, ..o u9J etose' VIII cotu~
raEsaye., fsw lefs sold. Ihe s1sas inquiry Is for
syl,aaaus md Eaktern ohio fsrer. I'M are toos,ns
ios good feeders The eompsuson for the stock being
end little better agucs aso onsaaed oday tnan yes
.sso1. son,. m z,,z, - .,,n,.r,
9 aess.. eIppe.s Nes" ao"A1uR anout the 5aEus
0ut 1AAen 70 nna tor tho Eastern market.
The recent Improvement IL New York has caused
more INQUIRY for rood Cattle hut vrv IItte Is ~ i.
r.-trt. ~A~ way "''te ~ tne
Rutchess Cattle hare been IN n1odcrn.e requsst and
nsnaI Quantities .@'s '~As"1 a4et&
us91 4ae ennta 9usn.ttss .hs ..,-,,-
"oQuo's INC mAaEet ~ sole1ahy AtttTe with huoY
~. less. ana PRICES lo3c pc 100 n higher th1a on
| es.ainaJ lAs
A"s ea'eS "eaJ nave pea as o!loWs:
.,,a n1n,,L IL - SsLEs TO-DAY.
II tame be.T nrTn, as aassesss1ng ~ NJ, At
irrrnryf lJaetfnys xotd Jfsnfs r. - IHs ~ e-ns1s
, 1865-09-20
THE NEUTRALITY-SUSPICIOUS.

The tokens are abundant that new railroad
era has been awakened, following closely the
cud of1lo war. The mission Of our foreign yis-
itors is not more significant Of this fact, than
arc the railroad building movements eyery-
where III progress through the country, agitat-
Ing mulutudes Of localities With the vision Of
new trunk lines. The railroud maps are be-
Ing carefully studied. Detached and hereto
fore insignificant branches and protltless late
ral lines leading nowhere, are suddenly taking
the ambition and shape Of parts Of great
through rontes, while sections long unyisited
By railroad men, or in which the traces Of the
ancient preliminary survey havutaisappeared
arc displaying new life Civil engineers aud
their assistants are once more In high demand.
Not only is this true Of the present, but VIC
forcsee Its increase in the immediate future.
The change is based on something more
than blind, speculative mania New roads
are wanted. The country has outgown the
facilities furnished By former railroad
development The railroad routes east
and west arc plethoric With busi-
ness and with profits. For the months
In the year In which the lakes cannot furnish
relief, all the lines Gre orerburdened with
freight, and the demands made upon the
rail7oads In excess Of their means OF transport
alton arc q constant source Of ye1atlon* loss,
and lawsuits.
The history Of our railroad lines to the sea-
board Is al comprised within the past fifteen
years. Before that time the course OF trade
In the Vest was forced to follow the rivers, or
to seek painful and SLOW land communication
Eastward. Had the war happened at this
, 1865-09-20

There Is cloyer sced arriving and prices favor
the buyers With sales At t7.51s5G but $i3lN73 il
nov bid fnr good and prime lots. With sales al these
ns1rts. Timothy IS better. and 15o0 bu sold at G00s
seed is more plenty, aud taken On arrival u $3h9a
, 1865-09-20

T IE9E
.. Tuesday Evening. Sept H.
BEEF CATTLH-Aeco.dins to the Board Of Trade
report the receipts md shipments since CIR last issue
compared with the corresponding period Of 1sss hare
besn u follows. It should bo bone In mind that these
receipts aod shipments really those Of tho d1r pre-
| tedine:
, 1865-09-20

TUESDAY KvE1zu, Sept. ~.
The following summary shows tho movement In
Prndnee and Provisions during tho past "a hours
compared with the Increment for the same tune List
3<a1:
, 1865-09-20
FROM WASHINGTON.
Another Chapter Of His
tory.
THE TREASURY TDEPARTAlENTD DUR.
Ing TILE WAR;.
Actual Cost Of suppressing the Re
bellion and Destroying Slavery.
Financial Future Of the Government

From Our Own Correspondent -->-
=; --WAsA1xoToy, Sept. is, 1855.
During the continuance ofthc civil war, tho
national authorities naturally felt strong
hesitation to give publicity to any facts Of
figures tending to Affect injuriously the public
credit Tbs preservation Of the latter was as
essential TO the cause Of loyalty as the suc-
cess Of our armies. While the gigantic strng-:
gle became protraeted from year to year !;
while emergencies arose one after the other,
from the fckleuess Of the fortunes Of war, that
not evcn the wiaest could forsee and provide
ior, requiring unexpected and extraordinary
outlays OF public treasure, II WIS deemed un-
safe at Times to mike known the exact
amounts expended in certain branches Of the
public service In the unremitttng efforts Of the
Government, in the face Of successive disas-
te1s, to keep up the offensive strength Of tho
army. a knowledge Of the extent Of these
vast but absolutely necessary expenditures, at
moments Of public depression in consequence
Of failures In the field, wonld but haye filed
the public mind with additional apprehension
and furnished the. selaah, corrupt, tnscrupu-
1ous epecu1ators aud rebel sympathlzers, that
had obtained control Of the gold market, with
q dangerous means Of undermining the credit
Of tho Government For this reason, search
ing Investigations into the condition of the
public finances and the actual expenditures in
the VARIOUS departments OF the Government;
from year to year by the press werc not court
ed OF encouraged by tho authorities, and OIL
cial statements by themselves only made at
longer or shorter intervals, and even then but
In circumspect, general terms.
But now the enormous Tow Of public treas
urc for tue maintenance Of the integrity Of
the milton has in u measure ceased. The
greatest Of the extraordinary demands upon
the Treasury has bccn made and met. The
economy Of peace has once more superseded
tho wastefnlncss of war. No public danger:
or injury can possibly arise from m examina-
tion into and erpose Of the real expenditures
Of the Government during the civil war. The
people Of the North, having The llrmest as.
surance Of lasting peace and union-of NJ
tional career Of unparalleled prosperity, to be:
accelerated By the Inauguration Of free labor
throughout the land-Wiu not be shaken in
their abiding confidence in the glorious future
Of the Republic BY any array Of figures show
ing the cost of the suppression of the rebel
lion. They hare tho best evidence that the
money was well spent They know that the
prize won Is wortA all the thousands Of NIL
lions Of the national debt They may marvel
at some Of the data to follow, but will be
stimulated By them to nishticr efforts to ac-
q1frc the means whercwiih to meet the na-
uonal oblis;ations, rather than give way To
gloomy anticipation Of the future.
The public debt was
, 1865-09-20

lie 1ollo~tnx t8oIes ehoW the moFenent IN pro-
dueo during the week ending Sept 1a and from jan
uarJ 14t to date:
nECEHTB OF LEADING ARTICLES At CHICAGO ron
TIE Wee ENuN0 sEFr. 18, AND rAcN JAN Isl
, 1865-09-20

o. rHHEAT-EecciYedt today 8; a5S bqi shipped, ID.
sT ]! EsstiTe ssus Eesk !.st yssE !t5s ba shpned
Curing The weak tho "eoEaer established On No
srrtpg, By which pcen advanced 3xc above the clos
e9F55er b9sst and ysseriay ~ MaFkst fei asek
Ma.Set declined # one tine esxc, bu. q ahe close Inc
Ing table shows the daily transactions and prices re-
, 1865-09-20
Cholera Infantum OF Summer
:: Comp1aint,
soar! soAPl!
THE BEST is TIE CHEAPEST.
We continue to manufacture cur
sMOtt2e1 German
SO A p


Whsh tx t. sola b. Chicago Gsocer. generally, of the
st ~ o. quality that has gained Tor il
: BEET 3AHILX 8oAp
n sne market. Fnrthefmcrr. It ts fun Eetrht whl-n
~ H't Aue Ok many soape now offered to thS nnhlsc
PR0CTEk d GAABLK Cfncinnsti
3e4lba5l.l3t+ltew.wxpedr
, 1865-09-20

the estimates transmitted to the Secretary by
the o: har departments.
The excess Of three hundred millions Of the
total expenditures for the year 1865, over
those Of the preceding year will seem rather
startling, In view Of the flct that since Inst
summer decline Of really an hundred Per
cent in the price of gold, and corresponding
depreciation Of the market value Of war 1na-
terials bas taken place, war1anting a belief in
q reduction rather than m Increase Of the to
tai of expenditures. But the seeming anon
ally eau be easily explained.
In the first place, although the bulk Of tho
army was mustered out some time bciore the
end Of the fiscal year, no saving, but, on the
contrary, heaEy increase Of expenditure was
produced Thereby. With the mastering ont,
the balance Of bounties became due to enlisted
men, and the Payment of three months extra
pay to officers below: the rink Of 'Brigadser
General, had to be made. The aggregnte Of
extra disbursements required has not been
fully asccztatned, but 1t will probably not be
much abort Of ono hundred and fifty millions.
Then the transportation Of tho disbanded
soldiers to their homes at the expense of the
Government, entafled also extra expense
Again, at The Quartermaster'san and Subsistence
departments, though the greatest economy
hns been enforced in all these branches, and
the heaviest and most summary penalties for
sWfndling imposed, since the instal1mcut Of
Mr.. Stanton as Secretary Of War, the Practice
of true economy in war, viz: the ampIest
supply, at all times, of all that contributes to
the efficiency ofarnies, resulted during the last
three years In large excess Of the yearly lia:
hilitics incurred In these Departments over
tho portion Of tho general appropriation fol
the war Office allotted 10 them. And, again.
the business transacted was Of such vast pro.
portions that It was found impossible to
settle and close up at tho end OF
each fiscal year the amounts for the pre-:
ccdtng twelve months. Thus, according to
the report Of the Quartermaster General, at
the termination Of the fiscal year 1863 Ga Ga, no
less than seFen thousand eight hundred and
twenty-efght accounts, relatiro to previous
disbursements, representing m aggregate
amount Of soo1 ,s;9, go $50 remained on hand In
mtnt. An unsettled balance Of lsabfl-
bflitles was In this Way carried from ycar to
year, but, Of course, had to be met together
with the expenditures Of the current rear et
the close Of the war. This circumstance
multiplied the disbursements Of the Quarter-
masters Department, when the final closing
up Of accounts commenced with the muster.
iug.ont Of tho armies. This carrying Of con-
siderable portion Of the public indebtedness
from one year to another, makes It also cvl-
dent, that the oxaet amount spent each year
remained unknown while fhe yror co14srrad
, 1865-09-20
ANOTHER VETERAN REGIMRNT,
History of tho 61st Illinois Infantry.

History Of tho 61st Illinois Infantry.
| CAM Bu11zn. u. Sept. II, 1855.
Tho organization of thu f1st reo;ment iii,
no,s Volunteers, now here ere for or tusl psvmant. @
,aath ~ ssn,a,,,h,~ 1en, =. % "s1 4u' sao
noA,n " ~ s.!ms.p looi, ~; oen' 'acoo
not obtained for an orranIzation mil rcb.
-nsrv sfh 1eH 7rha, ,.a.iis1 a.aasi.stta'.
b. he n;p1 u e 5re 5
| ma .t lo.n gutiialy gn.iy H1.eo companles. uuf1ng
Lne tar.et ., poiaoI = t4e Same monlh me fesf
msut !" - V.ueieo 10 beuton oafFachs, nlo:,
WIFE IT,, .ne 4,,ar iuu pati eompanes were n'ed'
Me y"o @ 9anes gaiilal 11,, companies MeIe adaea7
pefoisoxa conpaaftSiIs nv Il. tos'ee o. Aafea IN 1867
"aS:as iouows, y
Jaeo6 fsyI1e9t: Col Commanding.
sn19 S1mo4 E0a. Z. unI-MA1; sta;...
ianni5ss n ElemmnnanSnr+,A,, ElS
Georre II. Knapp-Atsistsntss ssurccon. -
Francis p. edder-Quartermaster.
Company A-Ffancis u. Posey, Captain David
@. Culver, t1tst Iaentenantf ". H. Armstrong,
Second sad LasufSnant %s,+,x ,,... c...,,..
chism. Mist fieutenant: Same; sp = Ga91ico % IA.
ond Ten cuant. - N,1A'@~'
Company C-Wa1ren M1ie, Captain; John T.
Hasse; Ftrst Lieutenant; Marshal s. Parker, Sec
opa Lieutenant e 4,,, p..z.., c....,.. n..,.,
r tEs.I
ijentenant. 1''o''' o. A~ "'t1st' 0s~oAA
CompsnT E-ucuty ", Muuuiur. cantslu Jede-
diah Beal5, First Lieutenant; james B, i,alIou,
Second Lieutenant:
Company FL;kobestAE: F.; HagesTa, Captain: VT.
aI l. sae| ,.,t hnst Aaea'enan' eaafieS D. o1a1ln'
.. TS3IoI' FIrst % Iieutepant: % Jaco6 /. Ms.shall.
Second Lieutenant. 0.s~" - '>@''@''
Company u-tr.tttal.) Daniel Gsnss, Flrst Lieu:
tenant
company l7iaftsaA) James ie"7ence' First
A'enuan'' Ta
Inc noM on is ros hn
being repTcsentedLeut this number vas Ia.
Snnle,en1 Gn3na1 10 aAo" the mastering IN OF fnn
e95onSa 70 IT, eeth IF Mari, 1se, ,,, zo,,,,..,+
un a9e ta p;ttahar 81 narea S, dooI ne regiment
and IL ths bas
saege OF Io1,ntni anu cont1aaed 70 serve IN
i: tgnnessc, Ta'1a seis,pa.4E n Lae batt!es Of
sot1. 1se., u ,xhon arSo.sI GsetGy, ~ unIh niay
s".I a1e; "nGu usueieo ~ eeksouIg Mlss;,
tae!pina., ~ liz tG ste ifom one 1st uatl
4le naa e. as.oa aa1n.oa su., Su.s H.. ILL., !.
o,,a.;,,.. tha.o liz az. ~ neisna, aIk.,
t4ntnE ~ .nsa vu1y ais., AIu oceame put OF
=. 10 n na,3a t 1t1 o. Ien. sSele, Mas
Sa,,t tcs, ,.e,t - -; .tG eA oa tae tgtn 81
nt EGptt. 'ao5, nent tpto Hmter 4uariefa az Little
49s,e W, q Aaasss, teLoott Ao.ll looo' nai1ns
iI.td LII ae M 1850 1See 1ool.as o. tne ies1mGnt re-
eunassu - MIu Aiso 1ecclfea Inc nc-
csfssou .. ~ tenaa eonpany y
r,,.s,t ~ o. W ~ 4Mna osae, tnAs llS-
9Ssa HSsa' tia e.iona nnsii august,
1eo3, nIea Ihe veteran porllon staftea LOT
Splngnelu, ~, On setslan tqTioagn' Upon
pen ,eaina aa a1p a. spsinsncta t II epHism-
Rnsecrsns ~ h fonis IL ~ any c"mno,cnaJ ~ m1
n Sar.hwsst" o. ns S9is.onri nntIi uH MnIohas
Rneu u H6s oFuclcN 10 fAouCaQ, hentncKy,
, 1865-09-20

"a sod r. r. '11 ne ~ " 1s Ss3ss aaa g Gs.s on
s5naE3G;s ! e ooo 2 By No r. Sc; 1900 bu Do Il
5a{c; L ooo hu do at5sc; s00 bu Rected al 81 3sao
" y ct So as 5lx; 3ioa hn do e s. C2RS A1Loar-
Co9x ERH os eo41u-aoo0 6u No. !, ase; sos
oa No at &c, closing rm It 6ic for No. l. md s3c
OAT3sAeeei!el today s3'o5s bu; shipped. 40
Received same week last yeaT, s1G I3 bn; SHIPPED
6ssR %; there has os<1 fair demand during shs
week, and prices show zu Improvement Of fuIly ID
slnee our lsst review The following table shoWs ths
daily sales and prices during tha uqrf " ~
, 1865-09-20
Total for all except War De-

These estimates have not been exceeded by
the actual expenditures. For the Navy De-
Eartment they will even prove too high.
DcductiDg this aggfcgate from the total Of
expenditures foF the same year, 81 ,2,0, 50o, ,ooo
the difference Of 59is, isl ,541 represents the
expenditures of the War Department.
The total expenditure Of the Navy Depa1t-
ment during the four years Of war was about
fc50, ,00o, ,000, aud that Of the War Department
about sa,c5o, Qua, 900, Of which the Quarter.
masters Department alone expended about
81, ,40o, ,ooo, 600.
FINANCIAL Future or TIE GOVERNMENT.
From the contemplation Of the enormous
national score, run up In the suppression OF
the rebellion and the destruction Of slavery;
from the rapid piling up of hugo load of
debt IN the past, 1t Is pleasant to turn to the
era Of rigid retrenchmcnt and economy. In
augurated In all the various 1amidcations Of
the public service as soon rs the return of
peace WAS fnlly assured by tho Surrender Of
Lees army The actirity with which tho
saving practices Of peace were resumed and
enforced, with the most conscientious regard
TO the interests Of tho country by the heads
fall the departments, has been as wonder
fu], indeed, IS the vsktncss of the resources
| Of The milton deyelnred hv fl,c ,che1rf,n ava
| The unstinted 1jbcra,Jtv and a11-ssc-tao,n~
patriotism with which they we're de7oted to
the grand loyal object Of thu var.
It Is impossible, ut this time, to state the
precise extent to which the expenditures of
the Government hare already been, and to
which they will be, reduced after all the con.
templatcd retrenchnents shall be effected,
The Heads Of DEPARTMENTS Themselves A m
not as vet In possession of the exac, f,orras-
sim annrorfmative statrrnanta ~, h. 1nnSs
from which suf,c,ent1r c,rr,ct ,,,1a,ars
be formed as to Inc Irnmediate Financial frt-,rs
of the Corcrnment From tI,eu ~ .r,,, ~,
pear that Mr. McCu1loch,s nro,cct Ia c,nar
hrfeht and t,,l] of nrom,se th,t nrtro a.,
mrs of onnrchens;on m th;a soara ~ snt
warranted bv the facts IN tbc cos. oaa .1'o.
tha line Il ra.1,v ,,ot r., .sr -. y, a .A4'
of the Trrasnrr vii, h, sn5,,c,an, ~ aa. p1
thc cu,rrnt demands r,on :, " "st' 1''
r,e,. x.,,ro ~ -,
Tnoops ~. ,nr w., :. 80 s-A44slses or
~ r.o A11 eA'9A of
T,,a ,,oat ~o,o,t
!, ~ ~" ns'.-..N... . e''ae y. iecolus
S,.t 49,. at.le .'.A', ~ na's ess'Aot'eneo tae
,se..,a-S 49, Ds o"e "''4.o" 40 gag sxoe'3g.nrt
a.1a- ~ ~ 49, ~. AZ .uo ps tues oi Inc
~a.s >s ~ .as- s u1aoAnos ~ tne M st1nlss 1ss
ssnaN,Iess. ,1 ". 'a.o nuaoel' aooul ooooU
uafe "'fcaus oeeu mustered out and paid Oh,
OF ordered 10 be mustered ont. The rcduc-
taon VIII be continued until the number is
w,u 1raye m efsct;rc s4-sastt ~ ~ .'..s' - st "ncu
1os m threa. .f,f.h. ~ .rt,,s, -, ~ nuoaI
!:e'uo' taree'a1los o. which Htn probably be
niaess- 1h1s VIII be less than one-serenth Of |
the force drawing pay at the close Of the war.