The Conservative. (M'connelsville, Ohio) 1866-1871, 1866-12-07

~iIreasury aflofue Inucn Information
respecting the reyenue and commerce
of the country. His views npon the
currcnoy and with references TO a prop
er adjustment Of our fevenne system,
internal as well as impost, are com
mended to the careful consideration OF
Congress, In my last annual message
! expressed my geuerall views upon
IL csc subjects. ] need now only call
attenJion-to-the necessity of carrying
into every department of tho Govern
ment a system ofr'gid accountability,
I thorough retrenchment, and wise econ
omY. With no exceptional nor unusual
expenditures, the oppressive burdens
of taxation can be lessened by such q
modification of our revenue laws as
will be consistent with the public faith
and the legitimate and necessary
wants Of the Government.
The report presents a much more
satisfactory condition of our finances
than one year ago the most sanguine
could have anticipated. Daring the
fiscal year ending the 30th Of June,
1865, the last year Of the war, the pub
lie debt was increased s941 .9O2,537,
and on tho 3l9t day Of October, 1865. ii
amounted to s2,730,S54,S50 On the
31st day ofOctober, 1866, il had been
reduced to 1851, 310,006, the dimuni-
ton duringaperiod offourteen months.
commencing September /, 1865, and
endinc October 31st, 1866, having been
s206, 379, 565. In the last annual re-
port on thostate of the finances, Il was
estimated that during tho three quar-
ters Of the fiscal year ending the both
! of June last, tho debt would be increas-
ed S112, 194,947. During that period,
however, il was reduced S31, 1857.
the receipts ofthe year having been
$50, 905, 905 more and the expendl.
lures $500, 529, 235 less than the csti-
mates. Nothing could more clearly
indicate than these statements the ex-
tent and availability Of the national ro-
sources, and the rapidly and safety
with which, under our form of govern
ment, great military and naval estab-
lishments can be disbanded, and OK
penses reduced from n war to a peace
footing,
During the fiscal year ending the
Both Of June, 1866, the receipts were
$55s, 032, $40, and the expenditures
$500, 750,940, leaving an available sur
plus of s37, $50. 1t is estimated
that the receipts for The fiscal year
ending the Both ofJune, 1867. will be
s475,06l 1856. and that the expendituros
will reach the sum of. s316,42S.07S.
leaving in the Treasury n surplus of
S15s, 633, 30s, For the fiscal year end.
ing juno 80, 1868, it is estimated that
the receipts will,amount tos436, 100000.
and that the expenditures will be
$3.50, 24T,611zshowing an excess of
Is85i752,359 in favor of the Government.
These estimated receipts may be d.
unfinished by a reduction of excise and
import duties; but after all Necessary
reductions Shall have been made, the
revenue OF the present and Of the fol-
lowing years will doubtless be sufficient
to cover all Legitimate charges upon
the Treasury, and leave a large ami ual
surplus TO be applied to the payment
Of the principal. of the debt. There
seems now to be no good reason why
taxes may not be reduced as the conn
try advances in population andwealth,
and yet the debt be extinguished with
in the next quarter OF q century. l.4
'Phe report ofthe Secretary of War
furnishes valuable and important IN
formation in reference to the opera
lions ofhis Departmehtdurin che past
year. Few.volunteers now remain in
the s%ervice, and they are being dis
charged as rapidly as they can be re
placed by regular troops. The army
has been promptly paid, carefully pro
vided with medical treatment, well
sheltered and subsisted, and in TO be
furnished with Nbreach.loadlng small
arms The military strength of the
nation has been uhinpairedJ by the
discharge of volunteers, the disposition.
of unservieeable or perishable stores,
and the retrenchihent Of expenditure,
Sufficient war material TO meet any
emergency has been retained, and,
from the disbandcd volunteer standing
ready e, respond to- the, national call,
large armies can be rapidly organized,
equipped, and concentrated. Fortif-
cations on the coast and frontier have
receives, or are being prepared for
more powerful armaments; lake. sur
Lyeye pad harbor. and river, improve
mentA are ine9urse Of energetic prose-
=, cutiqp, Preparations have been made
l0r he payment of the additional
bounties Hanthorized during the recent
session of Congress, under such regu-
%lations as wilbprptect the Government
from fraud, and secure to the, honora.
bly, discharged soldier the r~well-earned
rewards Of his fa~ithfulness and
~gallantry, More than six thousand
MANNED soldiers have, RECESSED arti-
heisl limbs or other surgical apparatus
and forty-one national ,eemetaries,
containing the remains, Of 104,526 Tn,