The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1866-12-15
Report Of the Secretary Of las .
Grch.nry.

special tn the WUTt4 from NashtngtGa,
Nov 18th, say.:
The forthcoming repes, Of Inc Secretary
Of the Treasury on The natIonai finances has
been cum pleied and pr Gted for distribution
u the country on the day o. is trcsauiatiOn
to Congress The views which 1t wnl pre-
sent AL! not De new, In tar line OF
financial pyiicy will be lad down, yet the
resume o the fact. aud figures vi! show ,ha
national tnaucIsi sit,A iou 20 he IL much
more II lt,erIug condition than at the open
ing of the first session Of the Thirty -nIuth
Congress. or Al the clos. OF the hsca year
en- lag June -, iso5. -. ~
The eoninI. report will show that the as
cal wear ending June SO. ls6b, was one OF
great prosperity The h.lsncc the Ire
ury on that dag stood foii"ws: Cash ou
hand June ~ 1850, sI5S,::"3 Is (; c-sh Ga
hand June 81, 1855, Sisp,d;3, SIS l9-net
gam, s!?) sII .506.04.
tnr gold 6a hand was no. es,im led a. a
currencY vslae or The balance wUG!d have
exceeded SlJG.GUu. .010.
The lece,rts aud expenditures foe the
rescs 1855 aud &c, for the fiscal wear rndiug
June jn, 1856 are Il. io!uws: Rec pts trsm
customs, in gol'i, Sl7a.ol6 633i4 from
| pubiic hoads. S6jj 034 o.; trom "ireci TAX,
Sl.974.1Ji.lo; from Iuieruai revenue. 5000
| 226 Sl2Si aud mi .c-iianeou. sources. e5j.
| i2l 500 Ii Total receipts from all ..ources,
| S556. .u}9 1896 This revenue, IL g. believed.
/ exceeds IN aiu buut that of anv other nation
on the globe for the same p".iod.
| The expenditures durIns the same PERIOD
we're a, follows: Civil. foreign and nliscsl>
.aneous. Sil ,0i0 ,90J 90 pensions aid In
: jiaus, Si6.5J3. .S0J4i; war, S2s4 449 70l 50;
navy, $23.5l? o:i2 u: Interest, 1873 GA, 1871.
-; total. s5lS.34 1910.
Total ceip,s, s5j6O39 1866 Toial
e1penf lures. $jIS.347, ,337 20. Excess OF
rec.lpts, $37,69i ,s57 sc This excess Of
receipts all occurred during the last few
months of the fiscal year, ard it is not fair
criterion of the ability of the Governmei.;
TO liquidate its debt. For instance, the war
expenses for the quarter ehding September
30th, 1865, were Sl65.OQ0pp0, but during
the quar;er ending June seth, 1866, they
were Sl2.O9O,0OO.
The balance in the Treasury on June 80
1865. was but $o5S, ,3U9.l5. The year end.
ing Dec. 3Is' 1865, showed def iencv in
the Treasury of S6l9 ,000. 900. but six months
from she time, June 80, ls66, there was an
excess of reeelers orer expenditures Of
nearly S37,00H.00O.
The estln ates of the War Department fur
expenditures for the coming fiscal year woald
, be nearly S240, 900 lees than for 1853
! were i; psa for the equaliziny bounty biil
passed d. lh. last session. But the revenue
from all sources, for the next fiscal year, Ii
estimated by the Sc, ,retary in the neigabor'
hood Of 100000, 900.
The full expenditure for the next hsca
year Is estimated within $350.0G0.000, in
cludiae interest on the matured debt and o
, fair sum over for sinking fund. g.
The Treasury has Withdrawn from cireula
ton during the past six months the limit o
Sl0,000,000 of paper money. The to'a
amount of United States legal tender note!
in circulation is therefore $.os6, ,0O0, 900. y
The most in portant and gratifying par
D of lhs report viii be on the reduction OF th'
) public debt. 1t will be shown that the public
debt has been reduced. during the pas
: twelve month. fully $200,f00.000. Th,
I actual figures of the reduction arr
e $I93,637,72l
] Ssyen millions of compound interes
, notes, legal tender for their face. have bsel
J.. Cancelled, and temporary losas reduced min
{ millions. The full amount Of currency au
> ,horized tor National Banks has been issued
:, which, With the United States notes, give
S Circulating medium Of nearly 00.000, ,0QJ
| not Including The fractional currency O.
81 the first of last November, the total. in
4 .clud,ng. :he fractional currency, amaunte
e to s722, ,2ls, s,03e.20 and s95,000,Q0 H au
e ,horized National Bank notes remained IN
= issuec. az -. -. ..v e
ei Ths Secretary OF the Treasury viii nc