The Elk advocate. [volume] (Ridgway, Elk Co., Pa.) 186?-1868, 1866-12-13
III $ s I'll G x
OF
TIL IiEnPRESIDENT. Z
a WORD or CAUTION.

a WORD OF CAUTION. -
The report Of the Secrctrry Of the
Treasury affords much information re.
spec,in. ,he revenue and commerce Of
the country. His views upon the cur.
Eency ard with reference to'tbo proper
adj jus'n.u- IT our revenue system, in.
stel t. a,ll as imrost, are commended
to the caicful consideration Of Congress.
in my last annual message I expressed
my eencra1 views upon these subjects.
I nocd uo' urIy call attention to the ne
,ccssiN # cuuyirg into every depart,
ncnt,l the GovcInu cnt system OF
srieidnccuyaaelity, through retrench
t.ment a;a w,r economy with 10 eX-
cep'ionr, no,'unusual expenditures, the
opgtcs II burdenss cf taxation can be
lessen, Sucna modlfratton Of our
reveuur ,.,. us will be consistent with
the pu". C faith and the legitimate and
necessary wants Of the Government. :
THE NATIONAL DEBT.
The report presents much more sat
isfactory condition of our fuances than
one year "go the most sanguine could
have a eipatcd, During the fiscal
year d.. he Both June, 1865, the
last ves . the war. the public dcbo
was inrsg.-rd 99H,912,5 ,537, aud on
ale ? ls. Of October, 1865, it AMOUNTED
TO S2.74.5jI.750. On the 3lst day
of October, 1856, 1t had been reduced
TO S3,Jil ";y916, the dminution, dur
ing a pt.od of fourteen months, com
menc.ug September lst. 1868, aud end
Ing October Sis, 1866, having been
$2UG,313,5j5. In the last annual re
port On the state Of the finances, it was
-, estimated that during the three. quarters
of the fiscal year ending the 30th Of
June last, the debt would be increased
S1l2IG4G47. During that period,
however, il was reduced S3l,l96,3S7,
the receipts OF the year having been
SS9,995 91j more. and thcezpenditures
5000, ,529, ,223j less than the estimates.
Nothing. could more clearly Indicate
thar tie -'t'ements the extent and
avail 4o national, resources,
and .vnd safety with which,
r.Ge, .a 4 Government, great
militia, n.,al establishments can be
disIa"., .,hi expenses reduced from a
war to ACE footing,
,RLc HEs FOR THE FISCAL YEAR.
Dn,.- r'o fiscal year ending the Both
of t.r; The receipts were $685..
O32 .,... -ho expenditures $500 =
7J0 wing an available surplus
Of s.. -~I..a'. It is estimated that
The lr... ;,r the fiscal. year ending
ihe g.. Gn, 1867, will be S474 ,06l,,
$50, r,i Lat the expenditures will
each ,,- ~um Of s$3lG,42S,07S, leav,
m'ha ignnsury surplus Of $685.
% H..@ iar the iscal year ending
june 3ylh. Isis. it is estimated that
10 rar.ig pts viii amount to S436,000,-
% o.d 'hat the expenditures will be
So. 'SGtl, showing an excess OF
So. Z5J9 in favor Of the Govern
mcut These estimated receipts may
De diminished by a reduction Of excise
ani jDn,rt duties; but after. all neces'
sary reductions shall have been made,
m T,yc,u,. of tho .m.es.nt and Of the
following years will doubtless be suiti,
cient to,coyer gll Legitimate charges up,
on tle rr,,.,ur and leave a lorre ab.
ruqI ,...Ao. 10 Ne 3nnl,ed 10 the nav.
mot fun .lirciD'a Of the debt There
a,c,., mus f., b. M ro,d reason why
tas. ,'u., he,rc4uce3 as the con3.
tr? aa, ,ces Ia p,oula;ion and wealth.
o1I vcr ,l, debt ne cy,iponisbod within
.Ee mex, ann,,r of 4 coutury. ..u
sr,..,',. ~ .,r,vroy's rapopr -
~, q, .I.- s...-..,.,.-. - w.,
"y '.'". ~. 20 . .'''' :.., o,'..'l u
-''''''''' =, '',"''' g,"' ,.''- -'' ''to.
D. ','"'''' ''.''''1 - ,I' GP',a'''"' o. us ~
-,',,'.. '''''"- nc ''H' 5e''' ="
,5o ,.. "," ''"'1.n .,.I III ',,o 81 :. -
| ira.. ".,'E u.'Sc"a'SGo Is '"P,"-
tJ,, - ,''' w.. '.' we replaced @a Uy regular
r,,a mu, .,r',,.,,,' "I army ..G mas "e.n promptly
tr'.,.,...,, r ,,''.,'' @ p'I,' 3, "lth medical
'' O. ''.Ah''l Ni'A Niltl SQbSlettIl a.