Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1866-12-14

currency, and with reference to a
proper adjustment of our revenue sys-
tenn, internal as well as impost, are |
to the careful considera- {
ton of Congress. In my last annual {
message I expressed my general views /;
upon these subjects. [ need not only
call attention to the necessity OF car
rving into every department OF the
system ofrigid accounta-
bility thorough retrenchment. a.
wise economy. With no exceptional
nor unusual expenditures, the oppreS-
sive burdens of taxation can be lessen
ed by such q modification OF our reYe-
nue. laws as will be consistent with
the public faith, and the legitimate |
and necessary wants of the govern
ment.
The report presents a much more
satisfactory condition of our finances
than one year ago the most sangulne
could have anticipated. During the
fiscal year ending the 3Oth of June,
1865, the last year of the war, the
public debt was increased $S4l ,9O2,-
537, and on the 31st Of October, 1863,
it amounted to S2,740. 1854, TAO. On
the 31st of October, 1866, it had been
reduced to $2,551, 31O,906, the dimin-
uation during the period of fourteen
months, commencing Sep. /, 1860,
and ending October 81, 1856, having
been S2O6,378,565. In the last an.
nual report on the state of finances,
it was estimated that during the three
quarters of the fiscal year ending the
Both of June last, the debt would be
increased SIP, ,94T. During that
period however, it was reduced $3l,-
196,3S7, the receipts Of the year hav-
ing been S8,905,905 more, and the
expenditures $500, 520,235 less than
the estimates. Nothing could more
clearly indicate than these statements
the extent ard availability of the ma
tional resources, and the rapidity and
, safety with which, under our form OF
) government, great military and naval
: establishments can be disbanded, and
expenses reduced from a war to a
: peace footing.
During the fiscal year ending the
t Both of June, 1866, the receipts were
: S558,035, 500, and the expenditures
} $500, 750,940, leaving an available
surplus Of $37,2Sl,680. 1t is esti-
mated that the receipts for the fiscal
: year ending the Both Of June, 1867
will be S475, 061, 1856, and that the ex
: penditures will reach the sum OF
= S316.428,078, leaving in the Treasu
e ~ surplus of S156, 3,306. Fol
e the fiscal year ending Ju1e 30, 1868
t il is estimated that the receipts vii
f amount to S536,000000, and that the
! expenditures will be $}5O,241, GIL
; showing an excess of $50, 152 800 ii
: favor of the Government. These Is
j timatcd receipts may be DIMINISHED
: by reduction OF excise and imp0s
5 duties; but after all necessary redUc
+ tons shall have been made. the reve
IA nue. of the present and OF tolowin,
/ years will doubtless be sufficient t
+ cover all legitimate charges upon th
d Treasury, and leave large annua
f surplus to be applied to the paymen
o Of the principal of the debt Their
II seems now to be no good reason VIII
taxoo moy not be reduced as th
e country advances in population all,
e, wealth, and yet the debt be extin
+ guished within the next quarter of
f century.
n The report Of the Secretary of Wa
furnishes valuable and important il
e formation in reference to the opera
l. tions Of his Department during tn
lie past year. Few volunteers now re
y main in the service, and they are bein
d discharged as rapidly as they can b
If replaced by regular troops. Tn
n army has been promptly paid, care
n, fully provided with medical treatmen
IS well sheltered and subsisted, and is t
n be furnished wit breech-loadin
t. small arms. The military strenet
lie Of the nation has been unimpaired b
il the discharge of volunteers, the di.
10 position OF unseryiceable or periSl
e. able stores, and the retrenchment o
to expenditure. Sufficient war materia
$ to meet any emergency has been +,
IL tanned and, from the disbanded volul
: teers standing ready to respond t
ne the national call, large armies can
1T rapidly organized, equipped and COZ
o. centrated. FortificationS on t h
." coast and frontier have received G
ne are being prepared for more powe
ne I'll ornaments; lake surveys and la
II Dor and river Improvements are
BY course Of energetic prosecutions
&c Preparations have been made for I'll
ct payment of the additional bountit
!" authorized during the recent sessio
by OF Congress, under such regulation
y as will protect the Government fro
Dis fraud, and secure to the honorabl
oy discharged soldier the well-earned r
"a ward OF his faithfulness and gallantr
nc More than six thousand maine
III soldiers have received artificial lint
IS, or other surgical apparatus; and 70
ne ty-one national cemeteries, containin
ed the remains of 104.526 Union 50
N dlers, have already been establishe,
ue The total estimate Of military Apr
I'd priations is s25,2O5,669.
'c- 1t is stated in the report of tt
81 Secretary Of the Navy that the nav;
al lorce at this time consists OF tw
Mt hundred and seventy-oight vessel
TO armed with two thousand three bu
IS, dred and filty-one guns. Of thes
ur one hundred and fifty vessels, carr
ed Ing one thousand ana twenty-nif
a. guns, are In commission, distribute
I