Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1866-12-13
PRESIDENTS MESSAGE

we gave IN OIT last Issue the more I'M
poriant portions of the Presidents annual
message, bnt were compelled from want Of
room TO defer his SUNNI r. of the reports
of the Secretaries of the Treasury. War
Navy al;d Interior and the Postmaster
General. These are given below, and will
be found of interest to the general reader:
oUg NATIONAL FINANCEs-
The report of the Secretary of the Treas
urv affords much information respecting
the revenue and commerce of the coun. ~.
His views upon the currency. and with ref
erencc to "A proper adjustment of our rev
enue system. internal as well as impost. are
commended to- the careful, consideration OF
Congress. In my last annual message
expressed my general views on these sub
jccts. / need now only call attention to
the necessity OF carrying into every depart
mcnt of the Government n system Of rigid
accountability. thorough retrenchment and
wise economy. With no exceptional nor
unusual expenditures, the oppressive bur
dens of taxation can be lessened By such a
modification of ouT revenue laws as viii he
consistent with the public faith. and the le-
gitimate and necessary wants of the Gov
crnment-
The report presents a much more salts
factory condition of our finances than one
year ago the most sanguinc could have an
ticipated. During the fiscal year ending
the 3Gth June, 1855, the last year of the
war. the public debt was increased S94l.-
9O2 ,53T. and on the 3Ist of October. 1865,
it amounted to S2.740. .S5i.7 $50. On the
3lst of October 1866. il had been reduced
=, ~
period Of fourteen months, commencing
September /. 1865. and ending October 81.
1866. having been -S2O6.37a. $50. In the last
annual report on. the state of the finances,
il was estimated that during the three quar-
tiers ofthe fical year ending The 3Oth of June
last, the debt wOull he increased Sll2, 1884,
947. During shat period, however. it was
reduced S3f. 100. .:SS7. the receipts Of the year
having been S99, ,9O5, ,905 more, and the ex-
penditures S2GO. 80 .235 less than the esti-
mates. Nothing could more clearly indli-
cate than these statements the extent and
availability of the national resources. and
the rapidity and safety with which. under
our form Of Government, great military and
naval establishments can be disbanded.
and expenses reduced from a war to a peace
footing. - s~ - 1
During the fical year ending the 3Oth OF
June 1866, the receipts were S55S, ,032 500.
and the expenditure $500, 75O.9iO, leaving
an available surplus OF S37, ,2sl,GSo. 1t is
estimated that the receipts for the fiscal
year ending the 30th of June, 1867, will be
St75, $50, and that the expenditures
viii reach a sum of S3l6,42s.O7s. leaving
in the Treasury surplus of $l5s, ,633, ,30s.
For the fiscal year ending June 30, 1868, it
is estimated that the receipts will amount
to ) l36, coo, and that the expenditures
will be $3.50. 247, 7,6il-showing an excess in
favor OF the Government of SS5, 752, ,359.-
These estimated receipts may be diminish
ed by a reduction of excise and import du-
ties; but after all necessary reductions shall
have been made, the revenue of the pres
ent and of the following years will doubt
less be sufficient to cover all legitimate
charges upon the Treasury, and leave a
large annual surplus ~ be applied to the
payment of the debt. There seems now to
be no good reason why; axes may not be