Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-12-04

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views upon the ecurrency and with reference
to a afroper adjnstment'of our regenne sJs-
tenn, internal as well as mpost, are com
mended to the careful consideration OF Con-
gress. In my last annual message express,
cd my general views upon these suhJects'
need now only call attention to the necessity
of carrying into every department OF the Gov
ernment a system of rigid accountability,
thorough retrenohment and wise economy
With no exceptional nor unusual expendl-
tures. the oppressive burdens of taxation
can be lessened by such modification OF
as will be consistent with
the public faith, and the legitimate and
necessary wants of the Government.
The report presentsR much more satisfao'i
tory condition of our finances than one year
ago themost sanguine could have aHticlpat''
ed. During the fiscal year ending the 3Otn
June, 1865, the last year of the war, the
public debt was increased $04l ,9O2 ,537, and
on the 3lstof October, 1868, 1t amounted 70
$2,740, ,854750. ief5l. .a--.,e. 1.s.. -, y
Onithe 3lst day of 0ctoberS 1866, it had
been reduced to SO 0O6, the qdiminn'
,tion, during o period of fourteen months,
commencing September j, 1865, and ending
Q October 81, 1866, havingnbeen $2O6, BY ,5eo
4 In the last annual report on the state OF the
finances, it was estimated that during the
three quarters of th6sfiscal year ending the
, Both ofJune last, the debt would be increased
/, SIP I94,9l7. During that period, how
ever, it was reduced $3l l963S7 the receipts
of the year having been $S9 yOoi9Oo more
and the expenditures 5000, S36 less than
the estimates Nothing could more clearly
indicare than these statements lthed extent
and availability of the national resources,
and the rapidity and safety with which, un
der our form of government, great military
and naval establishments can be disbanded,
and expenses reduced from war to peace
footing. nf atl7.p 267l ..a tJ5 All, =
During the fiscal year ending the Both OF
June, 1866, the receipts were $o5o, ,O52'oSO,
and the expenditures 520750,94O, leaving
an available surplus of $37 Psi $50 1t IS
estimated that the receipts for the tscal
yea. ending Athe 3Oth June, lS67 will be
SI75. .O6l, 1856, and that the expenditures VIII
reach the sun of $3l642S,0 ,07S,. leaving in
tb6sl Treasury surplus of o, $l58,633, ,3O8,
For the fiscal year ending June 30,
1863. it is. estimated, that the receipts
will amount to $43G0D0,000, and that the
expenditures will be $3.50, 247 G4l-showing
an excess of $S5,752 359 in favor OF the
Government. These estimated receipts
NAV be diminished by a reduction OF eX-
else and import duties; but alter all neces-
sary reductions shall have been made, the
revenue Of the present and OF following
years will doubtless be sufficient to cover
all legitimate charges upon the treasury,
and leave large annual surplus: 10 De ap7
piled to the payment OF the principal OIL
The debt. There seems now ~ be no gQod
reason why taxes may not be REDUCED as
the country advances in population and
wealth, and yet the debt be extinguished
withinthe next quarter OF q century. .,.t,
The report of the Secretary of War fnr-
fnishes 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 be
ing discharged as rapidly as they can be re-
placed by regular troops. The army has
been promptly paid, carefully provided with
medical treatment, well sheltered and sub
sisted. and is to be furnished with breech-
loading small arms The military strength OF
+ the nation has been unimpaired by the dis.
charge of volunteers, the disposition of un-
setviceable or perishable stores and the re-
tfenchment Of expenditure. Sufficient war
material to meet any emergency has been re-
tanned and, from the disbanded volunteers
standing ready to respond to the national
call. large armies can be rapidly organized,
eouipped, and concentrated. Fortitications
on the coast and frontier have received, OF
are being prepared for more powerful anna
ments; lake surveys and harbor and river
improvements are in cOure of energetic
prosecution. Preparations have been
made for the payment of the ad-
ditional bounties authorized during the re-
cent session of Congress, under such regula-
tions as will protect the Government from
fraud, and secure the honoraDly discharged
soldier the wel-earned reward of his faith.
fulness and galantry More than SIX thou.
sand MANNED soldiers have received artificial
limbs or other surgical apparatusi and forty
one national cemeteries, containing the re-
mainsOf l04 ,526 Union soldiers, have already
been established The total estimate OF
military appropriations is S25, POS soy. ana
II is stated in the report of the Secretary
of the Navy that the naval force at this
time consists of two hundred and seventy
eight vessels, armed with two thousand
three hundred aud fifty-one guns. OI
these. one huhdred and fifteen vessels, cart
rging one thousand and dtweDty mine guns
are in commission, distributed chiefly
among seven squadrons. The number OF
men in the service is thirteen
thousand six hundred. Great ac-
tivity and vigilance haye been
displayed bytall the squadrons, and then
movements have been judiciously and Ell,
GENTLY arranged in such manner as would
hest promote American commerce, and pro
tect the rights and interests of our country
men abroad. 1The vessels unemployed afe
undergoing repairs, or are laid up until theiI
services may be required. Most of the
iron clad fleet is at League 'Island,s in the
vicinity of Philadelphia, place which
until decisive action shouldAbe' taken
by Congress-, was selected by the
Secretary of the Navy as the most
eligible location for that class Of vessels. ~
is important that suitable public station
should be provided for the iron-clad fleet. Ii
Is intended that these vessels shall be in prop
er condition for any emergency, and 1t IL
desirable that the bill accepting League Is
land for naval purposes, which passed tht
House of Representatives at its last session
should receive final action at an early
period, in order that there may be suitable
nublic station for this class ofJvessels, as wei
as a navy-yard of area sufficient for the wants
of the service on the Delaware river. Th'
Naval Pension fund amounts to, $ll 100000
having been increased $2,E50000 during th'
wear. The expenditures ofNNie Department
for the fiscal year ending 30tfEJune last were
$4s,324, 526, and the estimates for the coming
wear Cafnount to $23, 3,56S,436., Attention il
invited to the condition Of our seamen, ant
the Importance Of legislative measures TO
their relief and improvement. The sugses
tions in behalf of this deserving class OF pu
|, fellow-citizens are earnestly recommended u
the favorable attention Of Congress, W.
The report of the Postmaster GENERA
presents a most satisfactory condition 0
the postal service, and submits recommend
| ations which deserve thei reconsideration 0
~ rrl.o r,,,i.a !. hfin the Denar ri