Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1866-12-15


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tic f.tr..4r a'.a cosa .,tFr- Il tn csgntrt
II siea~ upon til earr~nry and ~lth
7, l~u-Hce to a proper adjus,m'nt Of cur
TcvcnGc y ten. internal IS well a. eXt'r-
usl. are conint nd-d 10 the careful consid-
.r non If Congress. Ia my lat annual
M ssa.e rxpr->srd my general views
upon these subjects. need now only
call attention to the necessity of carving
into every department of the government,
system Of rigid accom- al lity, rrircnch-
mcnt and Wis cconomy with no excep-
tonal or unusual expenditure. The OPP
prcssivc burdens of taxation can be les
scncd by such a modification of our rev.
cnue tax as will he consistent with the
public f.i h and in the legitimate and nee
cess .ry wants Of the government. The
report presents a much more sat sfactory
condition Of our finances than one year
ago the most sanguine couli have antici'
pated. During the fiscal year ending the
3Oth Of June 1865, the last year of tn war,
the public Il ut was increased $94l ,902,-
:137. and N the 3lst Of October. 1865, it
amounted to $2.74O.854.75O. On the 3lst
day nf October, 1866. it had been reduced
to S2,55l,3l0,OGO. The elimination dur
ins the period Of fourteen months. conmtn'
cling September, 10Th, 1865. and ending
Oc obcr, 3lst, 1866. having been $20G,-
$40, ,565. In the last annual report on
the STATE Of tic finances, it was estimated
that on the 3O.h of June last, the debt
would br invr,as d SIP. .l95,947. During
the pcriod, however, it was reduced S3l, :
1876 $50. the receipts Of the year having
been $S9, ,SOj, ,905 more, aud the expendi
lures $500, ,529.2l5 less than the estimate.
Nothing could more clearly indicate than
these statements thu extent and avnila-
Ility of the national resources aud the
.alidi'y and safety with which under our
firm o.! COVE, nmrpt crest military and ma
val Establishments can be disbursed and
expenses reduced from war to peace
footing. During the fis al year ending
the so h of June, 1866, the receipts were
1858 O32 ,62O. and expenditure $220. 75O.-
$40. leaving an available surplus OF 1921
2sl $50. 1t is estimated that receipts
for til. fiscal year ending 30th OF June.
1867, will b. SI75.O6l,3s and that ex.
p.ndiiurcs will reach the sum Of $780,
i2s. .07s leaving in the Treasury surplus
Sl5S. .633 3OS. For the fiscal year end
ing the 30th of June. 1868, it is esti.
mat d the receipts will amount TO S4S6,.
OOO, 900 and the expenditures will be
$3.50 ,267 7,64l, showing excess ofSS5 1922
$50, III favor of government. These csti'
mated ,cceips may be diminished by a
reduction of excess on import Cnlics but
after all necessary reductions have been
made the revenue Of the present aud OF
fnll,wing years will doubtless be sufficient
to cov,r legitimate charges on the treas-
and lcavea a large annual surplus to be
applied to the pa,mrn, Of the principal OF
the debt. There seems now to I've no
god reason why taxes may not BE- reduced
and the country advanced in population
and wcal,'.. aud lis debts BE- extiuguishrd
within tn next quarter cf centnr,.
Tur WAX prrAErNrSr.
rct,or, Of tie Secretary If War Tar =
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