American citizen. [volume] (Canton, Miss.) 1864-1890, 1866-12-15

respect for the Constitution and laws.
The report Of the Secretary of the
Treasury affords much information
rcsrccting thereycnue and commerce
OF the country. His views upon the
currency and with Ieiereuee to q
proper adjustment Of our revenue
system, internal as well as import, aue
! commended to the careful cansidcra-
ti0n Of Congress. In my last annual
message | expressed MY views upon
ih"se subjects. need now only call
attention 10 the necessity ot carrying
! into every department OF He Govern
ncnta system ofrigid accountability,
.sInr7,r- ~ 'Icnchlnent and a wise
reouomy. Withn0a a"eDtional norHn
usual expenditures, the oppressive
. "Uueus Of ia&ati0n can be lesScned by
! such modification Of our revenue
taxes as viii b" consistent with The
! pubic faith and the legitimate and
necessary wants Of the Government.
IL PreSenrSa much more satisfactory
condition Of our finances than one
/ year ago the most sanguine could
have expected. During the fiscal
year ending the Seth Of june, 1865,
Ftne last year OF tic war, tie public
debt was Increased $Jit, ,902 ,537
land On the 3ISt October. 1865. it
faEounted to 80, 740.6J4. 100: on the
3lSt day OF October, 1866, it had
been reduced to s., ,551, $4,000. The
dimiuution during a period of four
teen months commencing September
ist. 1855. and ending Octt Der 3lst,
1865, having been S2S $40, ,5G5.
On the last annual report on the
state Ct finances, it was estimated
.hat during the tl!rce-quarters OF
iiie HScal year ending the seth Of
JUNO last, the debt would be ia.
rceascd $l12I9l,947. During that
period. however, it was reduced
S3i, GG,3S1--the receipts ofthc wear
having been Gn,GGI ,90J more, and
tie expenditures geo, 0,54S,235 less
tAau the estimates. Nothing can
more clearly indicate than Theses
statement, the extent and available
ty of The national resources. and tho
r&piditY and safety with which, under
our Government, great military and
naval establishments can be dis
banded, and expenses reduced from
Il war TO a peace footing.
During the fiscal year ending
30th June, 1866, the receipts were
S3JS. .032, 500, and the expenditures
}530, 7Jc, ,SIe-ieaying an available
surplus Of @}T2S1,G $50. It is esti-
mated that the receipts for the fiscal
year ending seth June, 1861, viii be
!, 10 5,0Gl ,3SG; and that the eXpcndi-
lures Nill Reach the sum of S31G.
Is, -S,01S-leaying in the treasury u
surplus Of &lGS, ,G33,2GS. Fer the
fiscal year ending June 80, 1866, it
is estimated the receipts viii amount
70 1896, ,090.08o, and that the expcnd-
lures will be a350,347. .601-sh0wing
81 excess Of sS5,I26 80 in favor of
he Government.
Tie estimated receipts may be Ill
miHiSLCd by The reduction Of dulics,
but after all the necessary reductions
been made, the preseutrcv-
cuue OF the present and following
years will doubtless he sufficient to
CoTrrall charges on the treasury, and
leave large surplus to he applied to
the payment of tllc principal debt.
There seems now to he no good
reason why taxes may not be reduced
rs tie country advances in popula-
ton, and The debt be cNtingWShed
thencTt quarter ofuceutury.
The report of The Secretary Of War
furnishes valuable and important in
formation IN reference to the opera
5,eaS Of LIS departments during tho
pas, year, IeW volunteers now re-
main in the service, and they arc
being discharged as rapidly rs they
c.n be relieved Ivy regular troops.
The army has been promptly paid,
carefully provided with medical treat
ment, well sheltered ana Subsistcd,
ald is to he furnished with brcech-
loading guns and small ;Trms. The
strength Of the nation has
been upimpaired hy the discharge of
volunteers. IN tle disposition OF un-
sclNiccable stores and the rctrench-
mrnt of cxperyiturcS, sufficient war
laaiPglal 10 meet danger has been Fe-
tainc., and from the diShanded vol-
untresE ready to respond to the ma
tiousIhcall an army can I've raised, or
ganized and equipped. Preparations
have been made for the payment of
additional bOunt;es as authorized by
the recent session of Congress, under
such regulations as will protect tho
from fraud, and secure
TO the discharged soldier the well de-
served reward of his bravery and gal
laniIy. More than six thousand
soldiers have artificial limbs
Or other surgical apparatus, and forty.
one national cemeteries, containing
the remains of one hundred and four
thousand, two hundred and ninetyss
six Union soldiers, have been estab
lished. The total estimate of mill
ary appropriations is $50, ,e66, 400.
The Secretary of the Navy reports
that the naval force consists of 27S
vessels armed with 1851 guns. OF
these ll5 vessels are carrying 1923
guns, being distributed among seven
The number of men in
service is 13,6O0. Great activity and
vigilance have been displayed by all
The squadrons and their movements
nave been jutiiciously and efficiently