The home journal. (Winchester, Tenn.) 1858-188?, 1866-12-05

urebsp.ion. vould turn cani.ai nov ava,ti,e "A
| c1roS11ri1y Sr inyestm ont into The chsunsls n
tiSds and Industry. II would alleviate the pres'
,sSSsa SSen IS s sHa s
fertile rerions now uncuitiyated. and lead 70 an
increased Droduction of tSosS stSpiss which have
added 10 Greatly 10 the wealth, al the nation and
tho oommerce Of the world. New fields Of on
v reD,rs % Srd MI tIaccs Of our domestic differ
ences cGsced from the minds Of our countrymen.
In our efforts to preserve "the unity Of 3oy-
restoring The States to tho condition which they
held prior 10 The rebellion. we should be oau-
tious. lest having rescued our nation from per-
iis Of threatened disintegration, we resort to
consolidation, and In the end absolute despot-
isn, eAa remedy far recurrence of ofsimilat troyb,
II. I Tho war hsvfne Terminated. and with u
all occasion for the exercise of pOwer sOf doubt
| full cOnstitutlonallty kerhould hssteu to bring
legislation within the boundaries. prescribed by
landmarks tabiiShsd by our fathers f6rths sui
| dance 81 suoceedirg genbrations. "The Consti-
tuition which ut any time exists, until changed
by an explicit and authentic act Of the whole
people, Is sacrcdly obligatory upon all" If, in
the opinion Of the people. the distribution o.
modification Of tho constitutional powers be, in
any particular, wrong, lot It be eorfeoted by. On
amendment N the way ~ wnlcn tns Const,su.
tion dSSlgnatfs. @ t baI ieI 1noie DS no M vs9EP1,
sion iol eaS cuSto,nay TSupvWv ~ wnson w.,
vJ snol engagements ,ass a.S nrS ". o""nt,v,1an
shoke ihsss Wofds 70 ms SoumMymSSn' ut;tmSa
wnon ioiIoMeu ny tneir !Iso snu st"S.IIII;v, tII;,
iSe MF" n 'ay aIi thnva w;th;n thC
naIo of ov- Decentralization, nnwors md cher;sS
Federa e iu;su y. h ov ro " nf snfctv
snS @ Feacrai uhi9n h " inc ohy as rGcK % 9!
endear to hs coantrymen te true principles ~ Of
n, d s.; amu pI,v H,,snS y. " hn, J
ann;nass sss "a d'SoS s. cSnn hs'% tho
| uuVpiHcss ehIotys- OuChsVH IOiu tuut tho
trot III .no ~ ~ shro snSu ~ ~
u;ss a,;, yohnnSu w. .he y. us
our Government Is not to bcmaintained nor our
Union preserved by invasions Of the rights and
powers OF the several States. In thus attempt
ing to make our General Government strong. we
ake weak Its tIae strength consists n sav
| themselves in making itself felt not in its
power. but in its bcnefccnce; not in its control,
but in its protection: not in binding tho States
more closely to tho centre. but leaving each to
9rbitn These are the teachings pfmen whose
! deeds md services haye made them illustrious
| and who, long since withdrawn from the scenes
Of life, have left to their country the rich legacy
otism. Drawing fresh inspiration from their les.
sons, lot US emulate them in love Of country and
respect for the Constitution and tho laws.
| Tho report Of the Secretary of the Treasury
affords much information ! rsspecttIn9s the revenue
commerce
| the cmrrcncv and with referencs 10 n propcr ad .
nstment of onr revennc svste,n. internal ns well
~ ;mnnst arc commended 10 thr careful con-
jdnrnt;o", az T"mn.as, In nv i.,t cnrunI
messaso saass' exp1cssSd sdl's nv senera Views upcn
~ t aoovs; T co rrn ;mo o, ovnrv 1ono.t
oo,,t my ,hn ,oornt .sto of y-;H;np ae
countan,'yt r ;hCrougn astiemchmen, ann WISE
cnd;ycs ~ nS"ress;yr b"rdens of nxaton
csM ho isSs.nsS uaS Rp sm"b , Mobilization ~ our
nr VI, bo consisicnt w;th thc oi nvh
iic faith and tie losit;unto and necessarv wants
ottfT ottfho report represents a much more satisfac-
tory condition Of our finances than one ycar ugo
the most sanruino could have anticipated.
Daring the fiscal year ending the 3Oth June, 1865.
the last vear of the war Tho public debt was In.
creased S94l .9Cl.Sy. and on the 3lst OF
October lSi5, in amounted to $2.T4O 1854 $50.
On the 3lst day of Ootober. 1856 il had been re.
duced to S256i $40 OO6, the diminution, during
ner;ol nj fourtecn months. commencing Septem-
bsr 1Si,5. and ending October 81. 1875. having
becn sJNS Sig S65 In fhc last annual report on
The state of the finances. II was estimated that
during the three quarters Of the fiscal year end
mo The 30tb Of lima Last Tho debt would be in
creased siia l9I. .gT. During that period, how
ovor IL was rea"csd All i'm 3S7. tho receipts of
tho veor having been sSgNj5,95 more. and the
expsniiturcs 500 52G 2S5 less than the cstiinatcs
S ", Of be
nat"ma, rosomroes and tho ranii;ty and safety
With whieh under our form of royernmcnt. great
military and naval establishments can be dis
banded, and expenses reduced from war to
peace footing.
During the fiscal year ending the 30th of June,
1866. the receipts were $55S 032 $40, and the cx
penditures $50, ,75O94O, leaving an available sur
plus of S37 2S1, $780, II is estimated that the re-
GENTS for the fiscal year ending the Both June,
1867, will be $i75 O6l 1856, and that the cxpendi
lures will reach the sum of S3l6, ,i2S07S, leaving
in the Treasury u surplus of sl5s,633,3OS. For
the fiscal year ending June 80. 1868, it is estima-
ted that the receipts will amount to 46 coz. 900,
showing an excess of sS5,752359 in favor of the
Government. These estimated receipts may be
Diminished by reduction of excise and import
duties: but after all necessary reductions shall
have been made the revenue of the present and
of tho following years will doubtless be sufficient
| to cover all legitimate charges upon the Trcasu,
nv. and leave ; large annual surplus to be applied
| to the payment of the principal of the debt.
There seems new to bo no good reason why taxes
may not be reduced as the country t, ndynnces IN
popuiation any wealth., ne yu, .nu f "p" oan,nrv
tinGuishcd witn'n ING ieAt luaLr,tITv Iv u,
Ihe report OF the oecretary vi WIT usmsnoS .,',S
valuable and Important iniornatlon III reierente
10 the operations oi ms Depan'rn, % "a,iiS ", ~,
past year. rev volunteers now rclnaNi III ~
service, anu tney nre neinE uisvmhrseu US s"r', III,
ly as ,hcyranbc replaced by regular troops. ih'
army mas been promptly paim Ghreiuiiy pI1h',uIi.
with medical treatincn!' wen shcitercu inu SUD
sisted and Is to be inrnlshea WIN preech ioaain'
arms pns miryb Sv ybe Sssb,ps, 'nS "f Waum
teers, the disposition OF unservicaolc or perish
able stores. and the relrenchInent OF expendl
ture. Sufficient war material to meet any cmerr
gency has been retained, and, from the dlsbana ~
national call, large armies can be rapidly organ
ized equipped, and concentrated. Fortiication
on tho coast and frontier have received. or ar
being prepared for more powerful armament, armament,