The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1866-12-13

NECESSITY of carrying into every depart
Ement Of the Government G system Of
/ rigid accountability, thorough retrench-
ment1s and wiser economy With no
exceptional nor unusual expenditures,
the oppressive burdens of taxation can
/ be lessened by such a modification of
our revenue 1aHs as will be consistent.
with publiciIfaith, and the legitimate
and necessary wants of the Govern
lmept.
The report presents much more
| salts factory condition Of our finances
than one year ago the most sanguinei
Icouldushayes anticipated Daring the
/ fiscal iyear ending the Both of june
1869, the last year of the war, the pub
lie debt was Increased S941 ,902. .53377, and
on the 31st Of October, 1865, it 'amodulin
ted to s2,740, ,s54, ,750. On the t3lst.
EdayI of October, 1866, it had been redu-
lced, to 81 .551 ,310, ,006, the diminution,
during period. of fourteen months.
commencing September 1, 1865, end
eading October 81 1866, has.ing been
S206s.372! $50. L In the last aunuala res
port on the state, of the finances, it was
estlmatcd that during the three quar-
tiers to the. fiscal year ending the Both
of june last, the.debt would be increas-
ed 81 II: :194,947s aia sd58v alaoe
During that period. however, it was
reduced .s31 ,196, ,3S7, the receipts of
the year having been sS9, ,905 ,905 more,
and the expenditures $500, ,529, ,235 less
THAN the estimates Nothing could
more clearly indicate than these state4
mlentsI the extent and availability of the
national resources, and, the rapidity and
safety with which, under our form Of
government great military and naval
establishments can be adisbanded, and
expenses, reduced froma a war to- a
peace footing.
i During the fiscal year ending the both
of June, 1866, the receipts were $685.
032S620,i and Che expenditures $780,.
/ 700 $40, leaving an availableIsurplls of
s37 ,2Sl, $50, 1t is estimated that the
receipts for the fiscal year ending the
30th June, 1867 will be $495, ,O61 1856,
and that the expenditures will reach the
sum of S316,428,078, leaving In the
IlTgeaspryIa surplus Of SI59, ,633, ,30S.--l
For the fiscal year ending June 30,
1868, it is estimated that the receipts
will amount to s43o, ,000i000, and that
the expenditures will be s350,247 ,641
-showingan an excess. of lSS5, 1852, $50 in.
favor Of the government. sa;ys Ee5iE,ea
These estimated receipts may be di-
minished by. d reduction of excise and
import duties butiafter all necessary
reductions shalloihavc been. made, the
revenue ofthe present and of following.
years will doubtless be.suficient to COW,
er all legitimate charges upon the Trea-
sury, and leave a large annual surplus
to beaDplied to the payment Of the prin.
cipalaoflt the debit There seems now to-
be no good reason whytaxes' maysnpt le
reduced as, the country advances in pr ep-
ulation and wealth, and yet the debt be
extibguished within the next quarter
ofia century, 81ge s7f aelii Ssti3if.
| gThesrepost of the Secretary, of War
furnishes valuable and important infor-
mation in reference to the operations of
This Department during the past YEAR
| Few s.olanteers now remain in the Ser.
viceo and they are being discharged as
rapidlv as they. can be ,replaced by rea-
Mar troons The army has been nromnf-
" ppaaiiId paiiId carefully provided With meaical
/ tyeatrnentdwe Sheltered and s1bsisted
and sis toihe furnished With breecblload,
ino small arms The military strengtb
Of the nation has been unimnaired hv
the DISCHARGE 90 If volunteers tba d;snos;.
ti6n io3F ,,5sorrv;caabla ~ ( nnaarr;sb ahln
starcsi andI fLa retrsne eh,no,t IF eynonl
dituFea i I~,,,.,s s.,,S',.'9f1' .s".,.N.p,
o .a'oumolenI - !, y a.. 'l'a'crla: 70 iaeeo any
.I's, ~ ~ iybs 4','. .pssa s'insu, ':nu lon'
tli'iH 55D9s = .fe 80"
g respond On g tne ,n3lD natlonal caiI' iarSe is.
armies can be rapidly ORGANIZED, equip
ped' ana concentrates. !, forelnca.'ons
on t,ie eoast ahdIi1opeletii nave reserved, !,
y eYn are Pellieo 5cpaleu d5o 'gfe ppMetip
ashaneh's .a lake surveys ana ,f. larDor and
river Improvements are 10 course oI en-
ergetie prosecution. Preparations have
been madeslorith the paymen. o1 fne addi-
t'oniil poali'issI Z y ,st'lot yea curing lhe
/ IN