The Greene County Republican. [volume] (Waynesburg, Pa.) 185?-1867, 1866-12-12


the country. Ills views upon. the cnr-
rency, and with retcrenc' to proper
adjustment OF our revenue system, inter-
nal as well as impost are commended to
the careful consideration OF Congress -
In any last annual message expressed
my general views upon these subjects.
need now onl ly call attention to the ne
cesSlty OF carrying into every department
OF the government system of rigid ac-
counlabIlity, thorough retrenchment aud
wise economy, With no exceptional
nor unusual exl endltures, the oppressive
burdens OF taxation can be lessrned by
such modification Of our revenue laws
AS will be consistent with the public faith
and the legitimate and necessary wants
of the Government.
The report presents much more at.
istactory cond ton of our finances than
one year ago the most sanguine could
have anticipated During the fiscal
year ending the 30lh OF June, 1865, the
last year Of lhc war, the public debt was
increased $0ll ,902 ,537, and on the 3lst
of October, 1865, it amounted to 81, j..
74O,S5i,75D On the 2lst day of 90
tober, 1866, it had been reduced to 81,
55i 900, the elimination, during
period OF fureen months, commencing
September LIST, 1865, and ending Octo>
Der 3lst, 1876, having been $2JU, 979,-
5G5, In the last am ual report on the
state OF the finances, it was estimated
that during tie three Quarters of the
fiscal v ar ending the 3Oth of June last,
the debt would be increased 9ll2,l9l,-
0l7. ID ring that period, however, it
was reduced $3l, ,l06.3S7, the receipts
of the year having been $S9,0O5, 0O5
more, and the expenditures 5000 529,
235 less than the estimates. Nothing
could more clearly indicate thar these
statements the extent and availability of
the na;lona! resources. and the rapldity
aud safety with which, under on, form
government, great military and naval
establishments can be disbandpd, and
expenses reduced from war to a peace
footing.
Drng the fiscal year ending the 30th
OF June, 1866, the receipts were $685.
O32, 620, AID the expenditures $780, :
75h, $40, leaving IN available surplus of
$37 ,2Sl $50, 1t is estimated that the
receipts for the ii cal year ending the
30th Of June, 1867, will be S475, OGl 1856
and that the expenditures will reach the
sum Of $ai6,d2S O1s, leaving in the
ric0snry surplus Of Sl5S, 633 ,30S.-
For the fiscal year endlrg June 81, 1868
1t is estimated that the receipts will
amount to $l3G,0JO,OO and that the
expenditures will be $3.50 247,64l-
showing an excess OF $50, ,1j2.359 in ta
vor OF The Government. The estimated
receipts may be diminished by reduc-
'ion OF excise and import duties but
after all necessary reductions shall have
been ma le, the revenue of the present
and ct following years will doubtless be
sufficient to cover all legitimate charges
upon the Treasury, and leave a large
annual surplus to be applied to the pays
ment OF the principal of the debt There
seem 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 extinguished within the
next quarter OF century.
THE ARMY.
The report of the Secretary Of Wa
furnishes valuable and important infor-
nation in reference to the operations of
his Department during the past year -
Few volunteers now remain in the SER
vice, and they are beng discharged as
rapidly as they can be replaced by regu
lar troops The army has been prompt
ly paid, carefully provided with medical
treatment, well sheltered and subsisted,
and is to be furnished with breech load
ing small arms. The military strength
of the the nation has been unmpalred
by the disUhargy Of volunteers, the dis>
position of unserviceable or periShable
stores, and the relrenchment OF eXpeud-
lure. Sufficient war material to eet
any emergency has been retained, and,
from the dlSbandpd volunteers standing
ready to respond TO the national call,
large armies can be rapidly organized,
equipped and concentrated Fortiica>
lions on the coast and frontier have re.
crivcl, or are beng prearcd Tor more
powerful ornaments lake surveys and
ha,bor,a and river Improvements are in
course Of energetic prosecution. Prep.
araions have been made for the pay
| nent cf the additional bountles authors
lied during the recent session OF Con-
gress, under such regulations as will
protect the government from fraud, and
secure to the honorahly discharged sol-
dier the well earned reward of his faith
tulness and gallan,ry. More than COCO
manned soldiers have received artificial
limbs or other surgical apparatus F; and
forty one national cemeteries, containing e
the remains of l04,52G Union soldiers,
have already been established. The to
tal estimate Of military appropriations is
S25, ,205,6 $50. .......
TIE NAVY.
I, IN stated in the report of the Secre,
tary of the Navy that the naval to'ce al
this time consists of 27S vessels, armcC
with 1851 guns. OF these, Is vessels
cnrNiug 1929 guns, are in commission
distributed chiefly among seven squad
rons The number of men in the ser
vice 10 GOO. Great activity and vigi-
lance has been displayed by all ,h'
I. squadrons, and their movements hay'
D been iudiciously aud efficiently arranged