The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1866-12-04
IS is a summary Of the report of the
Secretary of the Treasury:

OecTeLaTy Q1 PHe s-tItdsHfy n< 9tn Z
-,uR Receipts have exceeded the es-
Inmates, $89, ,905, ,905, on q The expendi-
lures !, have, fallen short of the es-
timates $500, 29235 80! he recon-
mends further diminution in internal
taxes, and says the present generation,
Nithl proper economy can. pay the
debt. He regrets, Notwithstanding
the large Reduction, of the. national
debt, and the satisfactory condition,
in other respects, of the National
Treasury, that little progress has been
made since his last report toward
specie payment, He explains at
length his action concerning the dis
posal of surplus gold. He recon-
mends that the National Banks be
compelled to redeem. at a single At
lantic City, curtailment of the cur
rency, careful revision of the tariff to
make it harmonic without internal
taxes, the issue of twenty year bonds
at i've per cent, payable in England
or Germany, to, an amount sufficient
to absorb the six. per cent. bonds now
held in. Europe; and to meet the de-
mand thereof for actual and perma-
nent Investment, and the rehabilitation
of the Southern. States.
He urges these recommendations at
length, and says he is ef the opinion
that specie payments may be resumed
and ought to be as early as the first
day of July, 1863 The public debt,
October 31st, 1866, exclusive of cash
in the. Treasury was $2,6S1 ,636, ,966 "a
Cash in the Treasury, $50, ,326, $50 81.
AS to- the commercial intercourse
with British America, the Secretary
adverts to his opinion, that until our
revenue system is fully revised and
adjusted to the financial situation of
the country, this subject should not
be placed beyond the control Of Con-
gress, but should be left to concur
rent legislation, and such regulations
as may be authorized by law to pre-
scribe. ne 7A''i12s ia.i' 80 ih=-t
The remainder Of the REPORT is de-
voted to statistical details, - .as.... y, !.
New YORK, Dec. a-The follow
ing is a summary of the Postmaster
Generals Report: The expenditures
for the year exceeds the receipts &c.
$50, ,093 09. The decrease of revenue
compared with. the previous year was
l 1-5 per cent the increase of expen-
ditures IL per cent, including the
State appropriation from free mails,
100000; as a legitimate portion of
the, revenues yet remaining unex-
pended, the actual deficiency for the
past year is only S265, ,093 ,09. The
aggregate length of mail routes in
operation the past year was l80, ,921
miles. During the year much of the
service In the late insurgent States
was in operation only part of the year.
The nett postal liabilities from those
States, while in operation, exceed the
receipts by $75, 1888. There has been
an increase the past year In those
States of 1,016 routes, Al ,S72 miles,
and at 81 ,137, 1863 annual cost. More
than half of the mail routes in those
States have been put in operation,
comprising nearly nine-tenths of the
railroad routes Contractors have been
fined $685. for delinquencies.
There has been an increase in the
postage upon the correspondence ex-
changed with foreign countries,
amounting to 81, 1862, $50. Liberal
postal conventions have been con-
concluded with Italy and Venezula.
A basis, for a new convention with
Great Britain, has been agreed upon,
containing many advantages. A con-
,vention with Brazil is also proposed.
- Considerable space is devoted to the
Mail steamship Line to Japan and
China The Postmaster General con-
ours with his predecessor, in the opin-
ion that the steamships of the mail
line, between San Francisco, Japan,
and China, should not be required to
touch at the Sandwich. Islands; but
Congress must determine the condi-
tions of the release. He urges abb
eralo policy towards the enterprise.
The free delivery system is in opera
tionin forty-six of the principal cities,
and it is working satisfactorily. The
number aof Money Order offices in
is 1865, against 347 of last
year; and 81 more are to be esta blish7
ed in the Pacific States and the terri
tories The business compared with
that of lastyeaf has almost trebbled.
He recommends further legislation
upon the subject, to correct inconsis-
tencies, and for the Improvement of
the system. Much space is devoted
l. II