Abbeville press. [volume] (Abbeville, S.C.) 1860-1869, 1865-11-03
THE PUBLIC DEBT.

OF decrease in the public debt" which
has produced mingled feelings of sa,isfac.
ton and surprise. The Nation states that
Secretary MeCulloch's official schedule Of
the public debt of the United States to
Soth September, exhibits the arst positive
decrease in the grand total since the he.
g'nn'ng OF the civil war. The amount il
now sl2,5oo,ooo less than a. the close Of
August, and s2s5,oOo,ooO les. than tho
$4,000, 100000, which was generally es.
teened few months ago the minium to.
tai on the settlement of the war. Tho 6o.
urcs were:
0" August 81, 1865. :. 50 ,751 sss.s71
W September 80, 1865. 2544,s47 7ae
decrease: l2,74l,s45
On Tue present settlement, the unpaid requi.
s'tlons on the Treasury amount TO onlv
sl,22o'ooo. On the conclusion of tie war
!" May they were s4O,l5oooo. The bal.
ancos then in the Treasury were $25l4s..
7o2; they are now vsss ,977,2ao.
The actual decrease in the public debt
IN September, in the face of continued
heavy payments in settlement of the clio.
sing expenses Of the war and the disoapd.
ing of tho army, is mainly due to tbelarse
internal revenues of the month and tba
receipts in gold from imports; the latter
being 30 far in excess OF the wants of.tba
gold interest charge on TIE public deb.
that they wero converted into currency .bv
The sale of $4,000, 900 or $4,000 600
gold in the open market. We should not
make haste 10 congratulate the couptrv on
the arres. of tho public debt. in August.
aud its first evidence of decrease ID Sen.
tember, if we had reason to suppose tb..
any considerable claims against the Gov.
ernment had been postponed, or their audit
at Washington purposely delayed: but the
evidences Of the promptness, aud even
anxiety, Of the.secretary on these point.
are all against any such suspiciou: Nor
should we rejoice SO soon at theas results
ii We had reason to believe that the octo.
Der receipts from taxes and customs would
fall otf so materially as to render It inprac.
tIcab!e for the Secretary TO make an equal.
ly good-exhibit at the end of. the. present
month. The'evidences Of the first week
in the month are in the oppositesdirsc,ion.
The internal revehres continue to pour in.
to the Treasury Ut the rate Of sl, ,ooo, 900
or a9,ooo,ooo per day. aud the gold Gus
toms Of the first week are over 81, 600 900
equal to nearly. $4,soo,0oo in currency.
The November interest. on the public debt
being already anticipated, the, Secretary
will, no doubt, continue bis. .saiss ef,eoid
until the close approach, ofsshs firss Of Jan.
uary' when the next instsitnsn. 0f gold in.
tere-t falls. due. And altogether, weleg.rd
it as quite certain that another moderate
reduction on the total Of the debt, and a We.
~ considerable settlement Of legal tender
paper, will appear on the succeeding sehsd-
ule. =; ~ ~; 6 81 >2,er..& t,'.2
. .Is:--s- ,"
The President and State Var .D.b..
The annexed dispatch from. President John.
son, shows bis position oa sta.sss War
debts: =
To ~. ~ Holden, Proyis;onat Cover.
nor Of North Carolina.s ts,s1- asi!.s
Every dollar Of the ststs fasbs created 10
aid the rebellion agasnse lie. uuitsd State.
should - be repudiated finally ana forever.
The great mass Of the people: should not
be taxed to pay debt TO- mid ID csssyios
on a rebellion which tsbis nuestsct, q not ID
themselves, were oppossd % lIst tloas wLo
have given their nanes for Tie obligation
| Of the State, lost to that poya tssr tiled
to establish in violation of: :l.w, Goa.titu-
tion, and the will Of the apaopis They
must meet their fate. Il. is i .asisdstuus
and cant be recognized BY tLs people of
any State protesting .themselysss To- Dc 10y
alto the Government Of the Uaitsd State
aud the Union. - 80. i=ssisG
repeat that the loyal people % North
Carolina should be- sxhonoIsssd ION the
payment Of every; dollar &c iinds ssaeass
caused 70 aid ID carrying on aknnbsll;sn.
TRUST and hope ths'psop'ss ~ Oars
Johns will wash their hapdaof svsry hing
tbat partoot III the slishssts Ss s;sps do
rebellion Which hsa ssirsssngS bssn esu.h.
cd by the stso0g gm ofs sths5 iuasSmsnt
lin carrying out.tas Sbilyz yzsiions ia ! by
the Constftation os lihs ulaiops .e
-. ! AsnRE
! a'e .r Presfdent of ID (ss. &,
I South assSalliia s. { ts;.S
so'dieanip1s. 1 Fh C
], ] ssssssss I stsssEis 10