Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1866-12-12
CLEARFIELD, PA, WEDNESDAY DEC. 70, 1866


cling September 1865, and ending
Oct 81 1866, having been s206, ,379, sos.
In the last annual report on the state
of the finances, itRas estimated that
during the three Quarters of the fiscal
year ending the f30th June last, the
debt would be incfpased sll2194,947.
During that period, however, il was
reduced s3l, l96,3s7, the receipts of
the year have been $50 ,905 .9O5 more.
and the expenditures $500, 529, ,2s5 less
than the estimates Nothing could
more clearly indicate than these state
ments the extent nnd availability of
the national RESOURCES, and the rapid
ity with which, Qnder our form of
government, great military aud naval
establishments caIIbe disbanded, and
expenses reduced rom war 10
peace footing ,'a ls.'sial
During the fiscal year ending the
Both of June, 1866, the receipts were
s55S, ,032, ,620, and the expend lures
$500, ,75O, $40, leaving an available sur
plus of s37,2sl,6S0. 1t is estimated
that the receipts for the fiscal year
ending the Both Of June, 1867, will be
$40, OOl ,3s6,and that theexpenditures
will reach the sum of 1915, ,42S. .07S,
leaving in the Treasury a surplus of
Sl5s, $685. ,30s. For the fiscal year
ending June 30, 1868, it is estimated
that the receipts will amount to
Si36, 600, 900, and that the expendi-
lures will be S350,24s, Gal, showing an
excess Of sS5,752,3j9 in favor of the
Government These estimated re-
ceipts may be diininishe by a reduc-
ton Of excise and import duties bat
after all necessary reductions shall
have been made, the revenue of the
present and Of he following years will
doubtless be sufficient to cover all
legitimate charges upon the Treasury,
and leave a large annual surplus to be
applied TO the payment Of the principal
Of the debt There seems low TO be
no good reason why taxes may not be
reduced as the country advances in
population and wealth, and vet the
debt be extinguished within the next
quarter Of a century.
The report of the Secretary of War
furnishes valuable and important in
formation in reference to the opera
tions Of his Department during the
past year Few volunteers now re.
main in the service, and they are being
discharged MS rapidly as they can be
replaced by regular troops. The army
has been promptly paid, carefully
provided with medical treatment, well
sheltered and subsisted, and is to be
furnished with breech loading small
arms. The military strength of the
nation has been unimpairei by the
discharge ofvounteers, the disposition
Of unservceable or perishable stores,
and the rotrenchment of expenditure.
Sufficient war material TO meet any
emergency has beea retained, and
from the disbanded volunteers stand
ing ready TO respond 10 the national
call, large armies can be rapidly or
ganized, equipped and concentrated.
Fortiications on the coast or frontier
have received, or are being prepared
for, more powerful armaments; lake
surveys and harbor and river improve
ments are in course Of energetic pros
ecution. Preparations have been made
for the payment of the additional
bounties authorized during the recent
session of Congress, under such regu-
lations as will protect the Government
from fraud, and secure to the honora-
bly, discharged soldier the wcll-earned
reward of his faithfulness and gallan-
try, More than 6,0O0 MANNED soldiers
have received artificial limbs or other
surgical apparatus; and forty-ono ma
tional cemeteries. containing the re.
mains of l04 ,526 Union soldiers, have
already been established. The total
estimates of military appropriations
is s25, ,205,669.
1t is stated in the report Of the
Secretary Of the Navy that the naval
force at this time consists of two hun
dred and sevonty-eight vessels, armed
with two thousand three hundred and
fity-eight guns. OF these, one hun
dred and fifteen vessels, carrying one
thousand and twenty guns, are
in commission, distributed chiefly
among seven squadrons. The number
of men in the service is thirteen thou
sand six hundred. Great activity and
vigilance have been displayed by all
the squadrons, and their movements
have been judiciousy and efficiently
arranged in such manner as would
best promote American commerce, and
protect the rights and interests Of our
countrymen abroad The vessels en-
ployed are undergoing repairs, or are
laid up until their services may be re-
vuired.
Most of the irou.olad feet is at
League Island, in the vicinity Of Phil
adelphia, place which, until decisive
action should be taken by Congress,
was selected by the Secretary Of the
Navy, as the most eligible sight for
that class Of vessels Il is important
that a suitable public station should
be provided for the iron-clad feet II
is intended that these vessels shall be
in proper condition for aty emergency,
and it is desirable that the bill accept
ing League Island Tor naval purposes,
which passed the House of Represent
tives at Us last session, should receive
final action at an carly period, in order
that there may be suitable public
station for this class Of vessels, as well
as navy-yard Of area sufficient for
the wants Of the service, on the Della
ware river The naval pension fund
amounts TO sll,750, 900, having in
oroasod cl 7kO O0n dn,.;u,, tko ,.aar