New-York tribune., 1867-01-03

Deficiency in the sept 30 1s65.. sll195ga W
Payments OF the o,So',oos %
NO,114O5s "A
Poeeints .,................ 7,4e0,l5 70
Deficiency of the revenue Sept aO 1seo... S2sS 6S
xorETAere r,.dus at Of til. ss from the c q
New-Yok f25J3 %, applicable 10 the dueuou Oi 'ne
'''H' '-''-''' ffmER FUNDS
PAYMENTS of the year on account Of all the
funds except the Canal Fund. nd........sl5,6oi,lW 90
Balance In the Treasury Sept. .-.o-o
Receipts Of ycar................. 12,IsS574 So 60
Amount overdrawn Sept. 80, ss.....- NO74,s57 70
,,oun, q, dob ssnf 90 IsS5 seO5oss4 81
stnclt redeemed durinc the year....... 4OS,332 Is
,,,,o,,,,, ., doht sert % 1864 sssl2,e22 "a
The State tax levied 1866 91G mills for the fol
lowing prposes For schools OF m % apG lOi r the
bounty debt % mills The direct tax leyea ~ doS o nu
payable during the last fiscal year, amounted TO soO
ii a. exclusive Of the mill tax for schoo purposes ana
In my last Annual Message, brief ausion was made to
the Importance OF adopting mode OF assessments tlat
should impose upon pcrsonakr2pery lts que snare oi @ te
public burdens. Efforts subsequently made lh.the
Senate to relieve the existing system OF its prominent ne
fecs The bill introduced for this purpose eceo Ieii
gent and instructive discussion ana the Decesy @ VI
amending the present law seemed TO De geheraiy cor
ceded; In the course OF the debate M d drot AZ STEW m
regard TO the proper method OF attaining the e III
and the measure lost The vast volume OF currency
the continued advance IN persona wealth. ana tnc large
state and National debt, aud consequent % %nea? nacs
TO increase the interest let IN hls sugey
and / recommend q renewal tf the effort TO secure
If hardly Necessary 10 suggest TO you the Importance
OF most practical retnchmcnt and economy ID every ae
short of $50 OoO and II to this Is added the county
town, aud municipal indebtedness the sum i more en
profts has been deferred but that " hoar remote
the experence OF the past ana 'e Of puc c and
the currency OF specie must gradually appto%Aiate % a
will doubtless tend unite and eqialHe the two eurre-
cie and this involves reduction resulting III stseAey
In money asid depression of business.
tits respectfully suggested that the General Govern
ment could wisely diminish the impost on the produc-
lions aud capital people. aud by doing mitigate
;r severity OF he burdens which have resulted from the
extraordinary period through which we nave pas1Hs ~
would not ebaIrass the credit Of the nation. while II
would assure 10 the State the ability TO meet all the de
mands upon IL with promptness ANA engage sun Ier
theory of the General Government is impose tax on
home industry aud capital. aud duty ON imports, eiai
the national debt and annual sinking fund sufficient
the discharge OF the whole obligation IN reasonable
The report Of the Secretary Of the Treasury December
1865, shows that the extinction OF the puDlic aeo' ian ne
effected in tweny-eght years Dut The returns lor tie
year Just closed exhibit gain In receipts over the es
mates and this is drawn from the productions OF
the country the Increase VIII continue III hS FHeo VI te
gain In production About twenty-elght millions oi ou
present State debt created in aid OF the national
cause, during the period OF var "Lch % st -
be raised by direct tax, unless the General Government
shall aid in It's liquidation IL iS therefore OF the hgest
importance that the people should be relieved as far as
consistent with the general welfare, trom the pressure OF
tl,at onrs Is common interest and wish nothing for
NewYOrk equally advantageous To others, nor that
good name and credit Heavy taxes retard enterprise
aud growth aud thereby diminish the ability of the peo-
ple To contribute tO the public demands.
Guided by this admitted truth, the General ana STATE
Governments viii frame their revenue systems as 20
meet all obligations by gradual and easy methods. The
debt of the former does not exceed sSOoOOoO l Is less
upon population than the debt or Great Britain ana ana
hardly more than that Of several countries OF the Od
World which have far less ability for payment tah our
own The material wealth OF our country is SO vast nnd
the lpf
ability To meet every demand; but IL s neVeftheess OF
first importance that IL should be 80 distributed through
period years not to depress the enterprise OF the
people oir varied industry, our profitable commerce.
aud undeyelopcd resources bewder even the earen
observer with their immensely and value: ,
II the Increase of population is addition to the actual
capital o country durng the period anteeedent to dense
ability country will exhibit within the present cenI-
ry. Welaccreded estimates set down the entire popuia-
tion OF the United States at about 10O0OOO Ia the year
1900 This is upon ratio which gives for the year 1870
about i22Oo and for 1865 say sS 100000 the population
given by census Of 1860 being in round numbers 81
OOoOo Thlrtyfour years hence we are hersoie 10 & eh
pect three times a. many people III me county az teIe
The total area, including inland water surface,
Of the United States Is about SjO00 OF square miles
So, IN little more than one geeraon We are 70 De
come three times as numerous, which Is Sl Tar below
the dense population Of Europe. NO cause can ne as
signed for ordinary periods OF peace TO nsappot ,hese
enormous figures they deductions drawn from our
the same powerful incentives will continue TO operate so
long lands aud products inviting and profit
able. This Increase 0f wealth and population involves
but the same steady progress which our country has
always exhibited he possible IN view Oh these
considerations that from such modification, the INTERNAL
will fall below the requisite amQunt Tor thS Oid
nary claims upon it, or that the national credit VIII SUI
Considerable progress has been made In the adjustment
of our claims against the United states FOR military eH-
pendures in the early part OF the late war The amount
Of this claim up 10 July 1862 and Inclusive OF sl5lde "
paid interest temporary loans was s29iS9OJ Co. IN
December 1901 the Secretary the Treasury paid TO the
State the sum Of S,ljOO pending the presentation OF e
vouchers and leaving balance of SlSSa0S co. que ana
unpaid. In February 1862, special agent was sent 10
Washington with the vouchers for the entire amount,
and up May 1862 part OF had been audited ana
allowed. Discouraged by the tardy progress, the lre
Controller discharged the agent and further Efforts 10
nSepembe, 1865, obtained S2G2 G3 H. which was palu
into the state Treasury aud subsequently requested
fenr OF the disalowed accounts, iii order that their IN
formalcs might, II possible, be remedied. DURING Tue
past year. tine papers were received accompanea -
tion, and placed In the hands OF the
General, with direction t2 thoroughly TeSSe tS nn aH H
TcQg Of .hc United States Treasury. This oiIe,sr Win
a necessary assistants detailed from otnc we, We
partments has made careful investigation OF RECORDS ana
aner conferred With Officers duty during the period
OF expenditure, and in every proper Way pIoseue4 te
rendered epoeay arduous by the lapse of time since tho
original expenditures, aud IT. Is glylhB thht 20 mucn
has been made IN the d o y many y yon
hensiyO statements, have WITHIN the last rev uys pecn
presented TO the United states Treasury department. and
~ the Auditor large proportion will be allowed. II is
evident however that several hundred thousand u0nrs
vii remain suspended, and would again recommend
such legislation viii secure joint comlsslon on inc
part OF tile state aud General To winch these
accounts may bc referred for final decision. ~ &.
Tho expenditures from the state Treasury. under the
Of April 10, 1861 mado under extraordinary cir
cumstances. The Board OF State officers to whom the
fud was nrusted. prompted by the sole purpose OF
furnishing the General Government with troops eff
clenty organized and equipped Tho authorities at Wash.
ngton absorbed In the supend0us labors preciptaed
upon them by the exgcnces of the abo TO ron
der but little assistance by advice and the early calls Tor
volunteers were accompanied only ny general diieN%qhs IONS
relating ~ t4s sqljsss y erga1lzei9 NY slpsYpiA4