The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1866-12-13
Report Of the Secretary Of the
Treasury.


The report Of the Secretary OF The
Treasury affords much information
respecting the revenue and commerce
Of the country. His views upon the
cnrronoy, md with reference 10 a
proper adjustment Of our revenue
system, internal as well as impost,
arc recommended 10 the careful con !.
sideration Of Congress. In my last
annual message expressed my gen.
ernl views upon these subjects. 1
need now only call attention to the
necessity Of carrying into every dc.
partment Of the Government q sys.
tenn of rigid accountability, thorough
retrenchmcnt and wise economy
With no exceptional nor unusual ex-
penditures, the oppressive burdens Of
taxation eau be lessened by snch n
modification of our revenue laws as
will be consistent with the public
faith. and the legitimate and neces.
sary wants Of the government. i sa
The report presents much more
satisfactory condition Of our fuances
than one year ago the most sanguinC
could have anticipated. During the
6scal year ending the 30 of June
1865, the last year of the war, the
public debt was increased s941, 9O2, :,
537, and on tho 3lst Of October, 1863
Il amounted to S2,7l0,S54 20, o.
tho 3lst day Of October, 1906, il had
boon reduced to S2,55i ,3lO,O06, tho
/. diIniuution, during a period Of four
teen mouths, commencing September
lst, 1865, and ending October Sd
| 1866, having been s20G,379 ,565. II
the last annual report on the state o
dnances, II was estimated that ddt.n,
T. the three quarters of the fiscal yea
e ending he30th of June last, the deb
would be increased Sl13,149,947
During that period however, it wa
Q reduced S3l 100, ,3S7, the receipts o
the year having been So, ,9O5, ,005 MIRO
aud the expenditures S200,520, %
less than tho estimates. Nothin,
could more clearly indicate than thes'
statements the extent and availability
] ofthe national resources, and the rap
idity and safety with which, under
our form of government great mill
tary aud naval establishments eau b,
disbandod, and the expenses reduced
from a war to peace footing.
. During the fiscal year ending tn
Both Of June 1866, the receipts wer
S55S, ,032, 500, aud the expenditure
y $500, 100, $40, leaving au avoilabl
y surplus of s37 ,2sl $50. 1t is esti
j. mated that the receipts for tho fsca
Y year ending the Both Of June, 1861
will DO Si75, ,O6l,3SG, and that th
expenditures will reach the sum Z
b, 1916, 6,i2S, ,07S, leaving in the Treasur
( a surplus Of sl6s, ,633, ,3OS. For th
fiscal year ending june 30, 1868, il
o ltimatod that tho receiI /, will amout
to 36,0O0,O00, and that tho expen
ditures will be $3.50, ,2l7, ,6l1 show
$ ing an excess of Ss5, 152 $50 In fayo
Of the Government. These estimate
receipts may be diminished by u re
: duction of excise aud import duties
+ but after all necessary reductions sha
d have been made, tho revenue of th
!. present and Of following years wi
doubtless be sufficient to cover all le
y gitimatc charges upon tho Treasury
aud leave u large annual surplus {
bo applied to the payment of th
principal of the debt. There seem
now to be no good reason why take
: may not be reduced as the couutr,
a advances in population and wealth
. and yet tho debt be extinguishe,
. within the next quarter of century