American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1866-12-12

isfactorv condition of our fnances than
one year o the most sanguine could
have anticipated. During the fiscal year
ending the Both June, 1865, the last year
of the war, the public debt was increased
s941 ,902, ,537, and on the 3lst of Octe-
Der, 1865, it amounted to 81, I40, ,S54,>
750 On the 3lst day of October, 1866,
it had been reduced to 50, sol BIC, COG,
the diminution, during period OF four
teen months commencing September l,
1865, and ending October 81, having
been s206,379 565. In the last annual
report en- the state of the finances, it was
estimated that during the three quarters
of the fiscal year ending the Both of June
last, the debt would be increased Sll2,-
194,047. During that period, however,
it was ie. uced SO |, I96 ,3ST the receipts
of the year having been $50, O5,9O5
more, aud the expenditures 5000 9,235
less than the estimates Nothing could
more clearly indicate than these state
ments the extent and availab ility of the
national resources and the rapidity and
safety with which, under our form of
government, great military and naval cs-
adjustments can be disbanded, and ex
peuses reduced from a war to reace loot
ing.
During the fiscal year ending the 30th
Of June, 1866, the receipts were S55S,-
032 ,620, and the expenditures S520,750.>
$40. leaving an available surplus of G37,
2Sl $50 1t is estimated thu: the receipts
for the fiscal year ending the 30th June,
1867. will be S475, ,061 ,2s6 and that the
cxpend lures will reach the sum of S3l6,-
42S,O7S, le wing in the Treasury sur
pins of Sl5S, ,633 ,30S. For the fiscal
We ending June 80, 1863, it i estima>
ted that the receipts will amount to S436,
900 900, and that the expenditures will
he $3.50, ,247, ,641--showing an excess of
$50, 1872 .359 in favor of the Government.
These estimated receipts may be dlmin-
shed by a reduction OF excise and im>
port duties but after all necessary re
ductions shall have been made, the rev
enue Of the present and of 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 payment OF the principal
Of ,h9.debt. There seems now to be no
good reason, why taxes may not be re-
duced as the country advances in popu
lation and wealth, and yet the debs be ex-
tingushed within the next quarter of a
century.
The report of the Secretary of War
furnishes valuable AMI important infor
nation in reference to the operations of
MS Department during the past year
Few volunteers now remain in the ser
vice, and they are being discharged as
rapidly a, they can lee replaced by, rcau-
lar troops. The army has been promptly
paid, carefully provided with medical
treatment, well sheltered and subsis'ed
and is to be furnished with brccch-load-
ing snail arms The military strength
Of the nation has been unimpaired by the
discharge Of volunteers, the disposition
of unserviceable or perishablc stores, and
the retrepchment of expenditure Suff-
cieut war material to meet any emergency
has teen retained, and, from the disband
cl volunteers standing ready to respond
to the national call, large armies can be
rapidly organized, equipped, and concen.
trated Fortiications On the oast and
frontier have received, or are being pre-
pared for more powerful armaments; ; lake
surveys and harb II and river improve.
mcnts are in course of energetic prosecu>
ti1n Preparations have been made for
the payment of the additional bounties
auth6rRcd during the recent session of
Congress, under such regulations as will
project the Government from fraud, and
secure to the honorably discharged soldier
The we'll earned reward Of his faithfulness
and callantry. More than six thousand
manned soldiers have received artificial
limbs or other surgical apparatus and
iorty>one national cemeteries, containing
the remains of 104 $40 Union soldiers.
cave already been established The total
estimate Of military appropriations 1928.
POS .669.
1t is stated in the reuo-t Of the Scores
tary Of the Navy that thenaval force at
this time consists Of two huhdged and
seveuty-eight vessels armed with tive
thousand three hundred and fifty one
guns. OF these, one hundrcd and fifteen
vessels, carrying one thousand and twenty
nine guns. are in commission, distributed
chiefly among seven squadrons. s. The
humber of men in the service is thirteen
thousand six hundred. Great activity
and vig;iance have heen displayed by all
the squadrons and their movements have
been iudiciously and efficiently arranged
| in such manner as would best promote
| American commerce, and protect the
rights and. interests OF our countrymen
abroad. The vessels unemployed are un
dergoing re airs, or are laid up until their
services may be required. Most of the
irons >o!ao feet is at League Island. in the
vicinity of Philadelphia, q place which,
| until decisive action should be taken by
| Congress, was selected by the Secretary Of
( the Navy as the most eligible location for
that class Of vessels, 1t is important that
a suitable public station should be pro
vided tor thc@iron elad feet. II is in
tended that these vessels shall be in prop
er condition forsaDy emergency, and Iti'
desirable that the bill accepting eagu'
Island feraDaval purposes, which lass e
the House of Representatiye at its las
session, should receive Gnal action at Al
early period, in order that there may be