The Vermont transcript. [volume] (St. Albans, Vt.) 1864-1870, 1866-12-07
THE VERMONT TRANSCRIPT.

!
40 ria much information respecting the fsNc-
nuc ana commerce OF tho country. Ills vows
upon ths currency, and with reference 70
proper adjustment of our revenue systein, inter-
nal as wen as impost arc commenced TO the
careful consideration of Congress. In my last
annual message ! expressed my general views
up0u these subjects. need ROW only can at
tentiou to the necessity Of cmiNng INTO every
department Of the TOY ernment stem OF rig,
id accountability, thorough retrchchmenti ana
rise economy. With no exceptional nor unusu-
al expenditures. the oppressive burdens oi TAXA
ton can bo lcsscncd by such M'dhca'lvh oi
our revenue laws as will be consistent WIN thc
public fnith. and the legitimate ana necessary
wants Of the Government
Tho report presents much more satisfactory
condition Of our finances ,han one 1clr ago the
mos aai,,nino could have anticipated. During
the fiscal year ending the 3jth OF June, 1850, the
last year OF the war, the public dept was IN
creased 1891 SOP G37 and ON the 3lst OF october,
lSi5 il amounted TO l.Iil SOL, 100 On the 3lst
. dav of Octalor 1866 ID had boon reduced to
1851 .3l0.O0l. the dinhnuton. during period
of hlrtccn months. commencing september j.
1861 and ending October 81, lobb- having been
t2OG37A JGj. lu the lass annual report on the
statr of the finances il was estimated that dur
ing the three quarters OF che fiscal year cndlhg
the 3Oth of June last. the debt would bc lhctcas-
81 cd sl12I94Ol7 During that PERIOD however
IL WAS reduced e3i.i96.3Si the lectlpts OF thc
wear having boon so9.903. gJj more and the eN-
penditurc- 500, J29. 2i5 less than the estimates
Nothing could more clearly indicate than these
statements the extent and aNallablhty OF the
national resources and the .apldtN ana SAFETY
with which. under our form Of government
great military and naval establishments can be
dishanded. and expenses reduced from war TO
peace footing
During the fiscal year ending the 3Oth Of june
1866 the receipts were s55o, 052.52o, and the eN-
pcnditures ,13Q, 90, leaving an available sur
plus of s3728f GA. Ii Is estimated that the re-
ccipts fora Sac ainea'S ear ending tho 3Oth Oh
June. 1867, viii be s475 .odl $50 and that the ex-
pcnditures willfeach u slsn OF S3l6,4ZS, VIC
For ne sseS ,csF June sa3 6i6, is6s. It /.
, estimated that the receipts Mill amount to 1856
B, 60O 600 and that the expcnditurcs viii be $3.50
- 247Gll-s showing an eseuss OF tSj 752 $50 in IA
, yor of the Govcrnmcnt. These estimated re-
l. ceipts may be diminished by a reduction OF eX-
/, sise and and import duties. but after all noces-
r sary reductions snail have been made, the reve-
i nuc of the present and following years viii doubt
Vt less be sufficient to cover all legitimate charges
/, upon the Treasury. ana leave large anuun
IF surplus to be applied 10 the payment of the
e principal of the debt. There seems now TO be
- no good reason why taxes may not be reduced
as the country advances IN population Qno
II wealth, and yet the debt be eNt.nBuished within
n the next century.
e The report of the Secretary of War furnishe,
p valuable information in reference to the opera
d tions Of his Department during the past year
y Few volunteers now remain IN the service, ahO
Is they are being discharged rapidly as the,
le can be replaced by regular troops The army
nj has been promptly paid. carefully provided witt
81 medical treatment. well sncltitO anu riltSHittl
il and is TO be furnished with breech-lOadin;
lr small arms. The military strength of th
nation has been unlmpaired 10y the discharge o.
al volunteers the disposition OF unscrNlccabie o.
N perishablo stores and the letronchnent Of Ga
* pcnditure. Sufficient war material TO meet an.
nd emergency has been retained, aud, from TIN
disbanded volunteers standing ready to rcspon,
NJ to the national call large armies can be rapid
,e ~ organized. equipped, and concentrated. For
M. tihcatiOus on tie coast and frontier have ne
A. ceived or are being prepared for more powerful
-, armamOnts; lake SURVEYS and harbpr and rive
%, improvements are in COURSE of energetic prose
i, cution Preparations have been made for tr
y, payment OF the additional bounties authorized
D. during the recent Congress under such reBua
Z tions as Will protect the Government iron
~ fraud, and secure to the honorabiy -discharge
,o soldier the Well-e1rned reward of ms faithful
~ ness and gMlautry. More than six th0usan
II manned soldiers hove received artificial limb
~ or other surgical apparatus: and iorty-unQ ma
"a tional cenleteli s. containing the remains q
IN 10l, 526 Union soldior9. have already been cs
n tap.ished. The totM estimate Of military an
H. pfoplauons is 20, AlJ'et3.
10, IL y stated IN the report Or the secretary q
lc the Navy that the naval force az this time con
h.. s4sts Qi tNo hlAdfe1 ana seEthtg-elehl Nesseis
ms armed WIN TWO thousand thlee hunured am
ce nitl one guns. OF these one hundred and al
nd teen vessels, carrying one thousand and twenty
IL nine guns are ~ commission, distributed chel
It's " among seven squadions. Inc number &
be men IN tie service thirteen Thousand SIX nun
IN dlcd- GREAT activity ana vigilance nave bee
x dislidycd 10y an ihe tqladfons, and iheir move
on nehts istfe hteh lNHicloi7ly ana tihGohty an
NJ ranged ia such mN1ner - would best lt1mot
OF Aut'rean commerce, and protect the rights an