The Daily empire. (Dayton, Ohio) 1865-1867, 1866-12-04


ury affords much Information respecting
the rcyenue and commerce of the country.
liis views npOu the currency aud with
reference 60 % proper adjustment OF our
revenue system internal a. well as imposi
are commended 10 che careful consideration
Uf N0ngrcs-. ln my last annual message
expressed my general views upon these
subjects. I need now only call attention
10 the necessity of carrying into every de-
parunent Of the Government 70 system of
rigid accountability, thorough rctrench-
m"ut. and wise economy. With no cXcep-
ii0nal nor unusual expenditures. the on
prcs3ivc burdens Of taxation. can bc less
encd 10y such a modification Of our revenue
laws as viii br consistent with the public
! lath, and che legitimate and necessary
l wants of Che Governments
] The repou present, "a much more satis-
factory condition of our finances than one
1 year ago Tho most sauguiuo could inyp am
| ticipatcd. During the first fiscal year cud-
I ing the Both of June, 500. the last year of
! She war, the public deb, was increased
/ ISWl,0O2J31 and on the 3lst OF October.
} 1869, 20 amounted 10 S214O.S5h75O. ON the
I3lst day Of October. 1876 It. had been rr-
{ duced to SA5jl,3i0,O0I. Che diminution.
I during a period of fourteen months, com
menciug September 7. 1860. and ending
{ October 81. 'GG having been 50 80
$50. lu Oh" lH-t annual report on the
state OF thc finances, 10 was estimated that
during the three quartcr- of the fiscal wear
ending 3Utli June last. the deb, would he
/ increased Sll2lH,Nl1. During that period.
hoWeScr. 30 WAS reduced Sgl lg6H%T. tbc
receipts OF ilp,.plr hayiu.r been sgggO, o.
aOa more, and thr cVpcnIitures S5Dp ,lg 9.,.,
I less Than the estimates. NOihiu.r cuuId
more clearly Indicate than these statements
I the extent Hnd availability OF the na;iorll
rr,o4frr-' ANA the r0pidliy aud safety with
which. under our form of royrruinpnf.
Hrrlr miitlr, and naval p.t1blishmrt,t
cam ue disha6dpd. and es.upu.r. r,llucrl
rom "a war iu. "a peace footing.
DuriuE ihp isUll wear ending fbp 3jItt OF
June. 1866 the ruppinls were 'ss-sU3lt,gu.
and the cNpeuGi0rps 500 gjuHfl. lr3tiu"
an ayailahl, .urplus OF sgI.1si.asU. A. is
estimated that the recripis for the iiscll
year ending the 3Oih june. 1861. will be-
S4ThOGl. .3NG and that the cN cNpcuditurps will
reach the sum of SBlG.1ISd7S. legvjpo ia,
the Treastf, 20 surplus of Sl5S.GEi.3JS. For
the fiscal ycurrnding june 20, lSsS, IL T. ps-
timaicd tha. the receipts viii amount tn
$t3G. O0OOuO. and that the tNncuditurrs will
De S3jN2iGGtl-shuWin ana excess of SSj. -
752.3J9 in favor of the Governments These
estimated receipt may be diminished byn
reduction of excise and import duties
have been made. die revenue Of the present
and of the following wears viii doubtless
bcsuiicirrl TO cover nil legitimate churues
upOn the Treasliry.and leave a large auultal
surplus To be applied to the PAYMENT of The
principal Of the debt. There seems now TO
be no good reason why taxes may not be
reduced as the country advances i'm popula-'
tion and wealth. and vet the debt be- rx-
tinguishcd within the next quarter of a
century.
The report Of thc Secretary of War fur
uishcs valuable and important information
In reference to the operations Of his DEPART
ment during the PAST year. Few volunteers
now remain in the service, and they are
bens discharge a, r.pidlv as they can be
replaced by regular .roops. The army ha.
been promptly paid cnrpfuIly proyiled
with medical treatment. well sheltered aud
subsistcd, and is 90 be furnished Will
brcach-loadiug small arms. The military
strength of the natiou has boon nnim oaired
by the DISCHARGE of volunteers. the di.no-
sitiuu of or perishahlc .tores
and the rrtrcnchmonf ol rxynndi-
turr, Sufficient var m1+criol tn meet
any emergency Inns been retained. ami
from the dlshandcd volunteers stnudino.
ready to respond to the untioual call LARGO
armies can be rapidly orunniled. putiInnrd
and concentrated. ForfjticaUinus ON the
coast and frontier have received. or are he
ingprepared for more powerful allnamrnts; :;
lake surveys and hubOrand river improve