The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1866-12-07


1868, it amounted to S2,740,S54 20.
On the 31st day OF October, 1866,
it had been reduced to S2,551, $40,
006, the diminution, during q period
of fourteen months, commencing
September 1st, 1865, and ending Oc-
tobcr Sd, 1866, having been S206,-
l379,565. In the last annual report
on the state of the finances, 1t was
estimated that during the three quar-
ters of the fiscal year ending the 3Oth
of June last, the debt would be In.
creased Sl13,194,947. During that
period, however, It was reduced e31,-
196, 1897, the receipts Of the year hav.
ing been S9,905.0 .005 more, and the
expenditures S20v, ,529, ,235 lees than
the estimates. Nothing could more
clearly indicate than these statements
the extent and availability Of the
national resources, and the rapidity
and safety with which, under our
form Of government, great military
and naval establishments can be dis
banded, and the expenses reduced
from q war to peace footing.
During the fiscal year ending the
80th OF June, 1866, the receipts were
1858, ,032 $40, and the expenditures
$500, ,750,940, leaving an available
surplus of S37, ,2Sl,6S0. 1t is esti.
mated that the receipts for the fiscal
year ending the Both June, 1867, will
be s475, ,06l, 1856, and that the expen.
ditures will reach the sum Of 1916.
42S,078, leaving in the Treasury n
surplus of sl5s, ,633,30s. For the
fiscal year ending June 80, 1868, it's
estimated that the receipts will
amount to S436, ,000, 900. and that the
expenditures will be $3.50, ,247 CAL
showing an excess of $50, 752,359 in
favor of the Government. These es-
timated receipts may be diminished
by a reduction of excise and import
dutirs; but, after all necessary reduc-
tions shall have been made, the rev.
enue Of the present and Of following
years will doubtless be sufficient 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 be no good reason
why taxes may not be reduced as the
country advances IN population and
wealth, and yet the debt be extin-
guished within the next quarter of q
century.
The report of the Secretary oi
War furnishes valuable and impor.
tant information in reference to the
Operations of his Department during
the past year. Few volunteers are
now in the service, and they are be.
ing discharged as rapidly as they can
be replaced by regular troops. The
army has been promptly paid, care.
fully provided with medical treat.
ment, well shelf red and subsisted,
and is to be armed with breech l. ad.
ing small arms. The military
strength of the nation has been unim.
paired by the discharge Of volun
tcers, the disposition of unservice.
able or pershable stores, and the
retrenchment of expenditure. Suf.
ficient war material to meet any
emergency has been retained, and,
from the disbanded volunteers stand
ing ready to respond to the national
lgsh,Ae0; eduipbed anc concentrated
Fortifications on the coast and from
tiers, have received, or are being pre-
pared for.morc powerful! ornaments
lake surveys and barber and rivel
Improvements are in the course o.
energetic prosecution. Preparations
have been made for the payment o
the additional bounties authorized
during the recent session of Con
gress, under such regulations as will
: protect the Government from frau,
. and secure to the honorably. dis
charged soldier the well earned re
, ward of his faithfulness and gallant
ry. More than six thousand maine,
soldiers have received artificial limb
or other surgical apparatus; and for
ty-one national cemeteries containing
, the remains of 104,526 Union sol
diers have already been established
The total estimate of Military ap
+ preparations is S25, ,205,G69.
! 1t is stated In the report of til
Secretary of the Navy that the nava
force at this time consists of tw,
hundred and seventy eight vessels
. armed with two thousand three hun
S dred and fifty one guns. or these
n one hundred and fifteen vessels, car
s rying one thousand and twenty min
= guns, are in commission, distributed
: chiefly among seven sGuadrons. Til
number of men in the service is thir
o teen thousand six hundred. Grea
s activity and vigilance have been dis
D played by all the squadrons, an,
+, their movements have been judicious
: ly and efficiently arranged in such
, manner as would best promote Amer
, lean commerce, and protect tn
Q rights and interests of our country
: men abroad. The vessels employe,
are undergoing repairs, or are lai,
up until their services are required
Most Of the iron clad fleet are a
: League Island, in the vicinity o
! Philadclphia, place which, unit
/, decisive action should be taken b,
Congress, was selected by the Sec
r retary Of the Navy as the most elig
2 iblc location for that class of vessels
1t is important that a suitable publ,
station should he provided for tn
{ iron clad fleet. 1t is intended tha
these vessels shall be in proper con
, dition for any emergency, and it il
. laniInl, llAnt lka LII AZ.