Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1866-12-15

~ ''on thc'r lessons, let us emulate then
~ ~ 'o'eo' country and respect for the Const;
ton and the laws. "o''''
/ m FISCAL AFFAIRS
- l nc report OF She Secretary es She Trc,sur,
"no'e's much information respecting the revc
nuc ana commerce of the country. u;s yicw
upon INC currency, and with reference - .
Ioptr adjustment of our revenue system, IN
~ L'""' as wen as impost, are commended !,
,i, ,na c'le'", consideration Of Congress. Inn,
.,;s. .'; annual message, expressed NY gcnr..,
'm a'r"s upon these subjects. ncea now o,.l,
60" a',c''tion to the necessity Of ca,ryino IL
every department Qt the Government :, .r.,n,,
OF r'gid accountability, thorouph H., a''
and wise economy With no cxccntion,l n", ~
unusual expenditures, the orrrcssivc hnrdnn.
OF taxation can be lcsscncd by such . nn'l;G
cation OF our revenue laws as vii, Lc o,,,.;,,
eht with the public faith and the leoitimn,o
"'''' necessary wants of the Government mo
report presents much more so.isf,otor,. 1.,n
ditIon OF cur finances than, one vc,r .n, H.
most sanauinc could have antcinutcd Dr. N
,,ng the fiscal year ending the 3Uth Jn,o
iooo' the last, year of the war, the nuhl,
u"h' was S34l ,0O2,5 ,537, aud, on the 3lst of
October lSG5, it amounted to So. .74O. .S54 Ia
on th2 3lst day of October, 1866 it had heon
reduced t" s2,551 ,31O,OO6; the diminu,;on
during period of fourteen months commom '
eng September /, 1865, and cudino Octnhnr
81, lSOG, having been S2UG.37y 5G5 In
VIC l:'s' annual report on tho state of the Gnnn.
c"s' IL was estimated, during the three .fnnrtLs
o' inc Esca' year ending the 3Oth of June last
nc oeot would be increased S112,l94,y47
l,nrlns that period, however, it was rcduccI
I'i loo,3Si the receipts of the year huvin,
eson "scn So",ouo 700 more, and the expenditures
s-oo'ozo' go less, than the estimates. Noth.
i"S co"'d more clearly indicate, than these
statements the extent and availability of tbc
":.,o''"' resources, and the rapidity and safety
WIN "hich' under our form of government
S'ea! military aud naval establishments q, n
" u.soahocd, and expenses reduced from n
"cIrt -...,'.'~ >-G,>--:~, ~"
500, $50, $40; leaving an available surplus
OF $3i ISL $50. 1t is estimated that the re-
ccp's for the fiscal year ending 3Oth June,
1867, will be S475,0 ,0Gl 1856, and that the cx-
pcnditurcs will reach the sum of S3 6 ,42S 0TS.
leaving IN the Treasury surplus of $685.
G33,3OS. For the fiscal year ending June
~, 1868, it is estimated that the receipts will
amount to $436000, 900. and that the cxpcn-
diturcs will be $3.50 .247 GIL; showing an cx-
cess of SS5,752,3 1850 in favor of the Govern
mcnt. These estimated receipts may be d.
minishcd by reduction of excise and import
duties; but after all necessary reductions s!.a!.
have been made, the revenue of the present
and of following years will doubtless be sulli-
cicut to cover all legitimate charges upon the
Treasury, and leave large annual surplus to
be applied to the payment of the principal of
the debt. There seems now to he no good
reason why taxes may not be reduced ms the
country advances in population and wealth,
and yet the debt be cxtinguishcd within the
next quarter of century.
THE ARMY.
The report of the Secretary of War furnish.
cs valuable aud important information in ref.
crcncc to the operations of his Department
during the past year. Few volunteers now
remain in the service, and they are being dis