The Hillsborough recorder., 1866-12-12

;ee,s. | need now only 10 call alNn,Ioa %
ihe necessity OF Carrying into every ue.
nartment OF the Government system OF
rigid accountability, thorough retrench-
ment aud wise economy. With no exsep
rional nor unusual expenditures, the OPP
nressi,e burdens OF taSatie0csnbe lessen.
ed bv such modification OF our revenue
laws as wilbbe consistent with the public
faith, aud the legitimate aud necessary
wants of the Government.
The report presents a much more salts
factory condition Of our finances than qne
year ago the most sangulne could have an
.iicipated. During the. fiscal sear ending
The 3O,h June, 1865, the last year .oi tlle
var. the public debt was lncceased S9il,-
e02, ,5s., and on the 81 ST OF October, 1865,
III amounted 10 s2,-40, ,S5I 80, On The
.olst of 0ctober, 1866, il had pcen reduced
,ioS2,55l, ,Sl0.0 .066. the diminutlon, during
q period oil fourteen noaths. commencing
September Il, 1862, and ending October
ST, 1866, having been Se206, SIS, ,565. N
The last annqal report on the state oi ne
finances, il was estimated that during the
.lhreelquarters OF the hscal year ell lns me
SOlh .ol. June last. The debt would pe n
creased SlI2, ,l94, ,947, during that PrrlYd,
hoye,el, it was redaced SSl .l9j,SS1, tle
receipts OF the year having been sS9. 903,-
s905 more, and the expenditures s2oo '9Zys,
ass less than the estimates. Nolluns couid
more clearly. Indicate than these statements
The extent and availability Of the snaiIona
resources. and lhe rap,dlly aud safety with
which, under our form Of f.goyernmenl, grea.
military aud naval establishments can De
disbauded. and expenses reduced from
war to peace lootI 3. f.t.ta.-ls
During the fiscal year ending the yOih
of June, 1866. the receipts were S5Ss. .O32. :
go, aud the expenditures s52O, 80, $40.
leaving an available surplus Of So .SS :
ESQ. II is estimated that ihe rscspls l'r
The fiscal year ending BON Jlne, 1867, will
be S415, ,96l $50. and that the expenditures
wiz reach the sun b! SSl6. .42s.O.s, leaving
in the Treasury surplus oi 5 5s. .6S3. SOS.
For the fiscal year ending June ~, 1868,
1t is estimated that tie receipts VIII
mount . S436. .O0O.000, AMI thai The exPea
ditures Sill be $3.50. .247 6il--shua an
..sxress OF ss5. 5.752. asa. ia fu.p oi the Coy
srument. These estiu ated receipts may
be. diminished by a reduction OF excise
and import duties but alter all necessary
reductions shall have been made, the rese-
hue OF The present aud OF l1iipwas years
will doubtless be sufficient to cayer all le-
gitinate charges upon the 1 easury, aud
leave large annual surplus 10 be applied
20 the payment OF lhe principal Oi the debt.
There seems now TO be no. .gaod reason Why
lakes may not be reduced - the country
advances II population and seait,, and yet
The debt be eXiieguisi,ed within the next
quarter of 4 century.
The report Of the Secretary Of Nsrlar
nishes valuable and important Information
30 relereace TO the operations OF ne Depart
meni during the past year. Few volunteer,
LOw remain 10 the service, aud hsY are be
ing discharged ss rapids y, a. they can De
replaced by reguar troops. The arm "a,
b,sn promp,ly paid, Carefully provided
with medical tre4tlaent, we'll sheltered ~
s.b,lsteJ. and is to be furnished Wit
.bFeecb-lo46ing small arms. The mliliar,
strength Of the nation has been. .unlmPairet
By the dlsehasge Of ,olsnteer,, the disPo
sltipn VI nAsersice4bIe Or per'sha5le ore,
and the retIenehment 0i expenditure. Sui.
heien; war material 1, meet any emergen
cy has been retained, aud lrom the dis
bapded solunteers standing ready 10 res
pond to the aational call, large afaule, cal
be rapidly organized. equipped, and con
centfsted. f0rtihcstijas % lhe coast an
frontier have reserved, or 80 being pFeFar
ed Tor more powerful arpa 4ient,i lske sar'
yeys and harbur and riser lmpfOseaenu
are in course ii energei prosecsiIsn- Pfe'
paratioas have been made Ipr tie pAymei
Of the additional buuatIes authorized dur
ing the receni session Of Congress. undeI
such regulations as will protect the Gov
eminent from fraud. and .ecaie to the hp
nnrably discharged solilier lae vel eAfna-
s. rrward Of his fai.hlsla.ss aud gallsntr.
Mar. tI,.n s,x tfoa .aad ualtned suldIgY,