New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-12-04


hundred aud s0yeny.fOnr millions VI dollars, the PEG
signed for their use and benefit and specimens OF the
precious metals bearing the national device are seldom
seom except When produced 10 crafty the Interest eA
cited by their novelty II deprecated paper is 20 be con
unuea as the permanent currency OF the country aho al
our com Is 10 become - mere article OF Ihmo an
speculation 20 the enhancement In price Of all that is IN
dSpensabe 10 the comfort Of the people II would DO wise
economy 10 abolish our mins thus saving the nation the
care ana expense incident to such establishments hnu et
al our precious metals be exported In bullion inc time
BANKS should be required TO take the most efeeht step
ana make all necessary arrangements lot
practicable period Specie payments having been
resumed by the Government and banks all notes or bills
should by law be excluded from circulation that the
people may have tho benefit convenience OF gold
ana silver currency which. In all their business tIahsae
tons. will be uniform IN value at home and abroad
Livery man OF property or industry every man VINO
obtain what he honestly earn direct interest IN
maintaining safe circulating medum-sueh medium
rs snail be real and substantial not liable TO VlDrae WIN
opinions, not subject Ia be blown up blown down by
the breath Of speculation, but 20 be made stable ana
greatest political evils IL undermines the virtues
necessary for the support Of The social system ana en-
wars against industry, frugalty, and economy ana ~
fosters the evil spirits Of extravaganza aud specuaton
IL has been asserted by one at prOOundest ana os
gifted statesmen. that "Of all the cODtrvances for cheat
Ing the laboring classes Of mankind, none has
been more ehectual than that which deudes them
with paper money. This Is tho most effectnal
OF inventions TO ferze the rich mans fields by the
sweat OF the mans brow Ordinary tyranny Oppreb
sion, excessive taxaon-these bear lightly on the hap
pness Of the mass Of the community compared with
fraudulent currency and the rObberes committed by de
precated paper Our history has recorded for onr IN
suction enough and than enough of the demoraE
ing tendency the Injustice and the ntOlerable oppression
the vrtuOus and well disposed 81 degraded paper
Gu by % n m S1y wa
ia times OF peace WAR expansions or reYnslons TO
accomplish the transfer Of all the precious metals from
the great Of the people Into the hands Of the few
where they boarded la secret places or deposited
In strong boxes under bolts and bars, while the
fO
and decentralization resulting from the use OF deprec
ated and worthless papcr money
The condition Of huances and the operations OF
revenue system are set forth and fully explained IN the
Iuy on the 3oh OF June the public debt amounted
TO i25s79; the Soth Of June last was s2692
S9l 22G,66i During the fiscal year ending June So
1861, the receipts we're A9o634,Olo and the ex-
penditures, s3i6,72o,l29 leaving an available sur
receipts FOR the hseal year ending June 80 1868
will be Si1 6i 92s and that the expenditures Will reach
the sum Of 1898 leaving in the Treasury surplus
~ f2 92i02 For the fiscal ending June 80 1862
estimated that the receipts viii Amount 10 100000
excess OF S9,o0O0O0 IN favor ~ tho Government . A.,
necessity Of a thorough revision Of our Revenue system
our Internal Revenue laws and npost system should oe
lgxIT leaving the necessaries OF lie ~ free from taxa
ton, rs may he consistent with the real wants
OF the Government economically administered. Taxation
would not then fall unduly on the man Of moderate
means and while would be entirely exempt IRON
assessment all Ia proportion 10 their ptcnhry annues
would contribute toward the support OF tho state. a
modification of the internal revenue system, by large
reduction the number of articles now subject TO tax
would De followed by results equally aafaI
tagcous to the citizen and the Government II
would render the execution OF the ~" "ss
expensive and moro certain. remove obstructlons to
industry lessen the temptations eyade the law. dnin
visions. make is operations less inqustoral, and
greatly reduce In numbers the army Of taxgatherrrs
created by the system, who lake rom ths
mouth OF honest labor the bread IL has earned.
Retrcnchmcut REFORM and economy should be carried
every branch of the public ,ery ce That me expend
Of the Government may be reduced ana the people
relieved FROM oppressive taxation. sound currency
should be restored ad The public alth ia regard lo Tue
national debt sacrcdly observed The accomplishment
Of these important results, together with the resiora
ton Of the Union ~ the states upon te prlhcpes Oh
the Constitutions would inspire confidence at home
aud abroad IN the stability OF our Institutions and
The report Of the SECRETARY Of war al interim exhbits
the operations Of the army and Of the several bureaus ot
the War Department. The aggregate strength OF our
military force ON the 3Oth Of sept last was 3l5 The
total estimate Tor military appropriations is Nil2i.,H
including deficiency IN last years appropriation Oh
COOOO Tie payments the Treasury account OF the
OF the War Department from January TO October
% 1871 period Of 10 months, amounted tO tl090lO tho
expenses Of the military establishment NJ well as Tue
numbers Of the army are nov .nrre ,hTs ~ ~ d
they have ever been IN Time OF peace WINE we
tonary power is vested In the Executive to add millions
this expenditure by Increase OF the army 10 the
maximum strength allowed by the Law. 10
The menacing attitude OF some on thei warnke
bands OF Indians inhahiting the district OF country
between the Arkansas aud Platte Rivers and por-
tions ~ Dakota Territory, required the presence OF
imaginary grievances the Indians occasionally com
mrd acts Of bnrhnrons violence upon enighnts aud our
frontier settlements but general Indian war has been
proyidentay ayerted The Commissioners under the act
Of 10th Of July 1901 were invested with fn power To- ad
ected bands and select for them reservations remote
from the travelled routes between he Mississippi and tho
Pacific. They entered without delay upon tine execu
ton ~ their trust hut have not yet made any Official
report OF their proceedings II i ~ vital Importance
thst our distant territories should be exempt from
Indian outbreaks, and that the construction OF the
Pacific Railroad an 9rGt o" national hy frbSs
These Objects we'll ~ the material intercas aud the
moral aud intellectual Improvement OF the Indians, can
IA musf eff
portions Of county set apart for their exclusive use and
located al points remote from highways aud en-
rroarhlnr White settlements Since the commencement
OF tho second session OF the Thrynlnth Congress $40
miles Of road have been constructed on the main
line and branches OF the Pacific Railway. The line from
OmRhs Is rapidly approaching the eastern base OF
the Rocky Mountains while the terminus OF the last sec
ton OF constructed road California, accepted by the
Government the Gath day Of October last was but IL
miles distant from Of the Sierra Nevada Tho
remarkable energy evnced nv tue Companies Offers the
that the completion OF the road from
Sacramento 20 Omaha will not he long deferred During
tie last fiscal year ia acres Of pubic land were dis
po.ed Of, and ihe cash receipts rom sales
allied from those sources curing the preceding
year The amount paid 10 pensioners including expenses
Of disbursements ts69956. and S6ts1 names were
added 70 the rolls number OF pensioners
the goth Of June last was 1877 Eleven thousand sI
during year ending Sept 80 1867 aud az that date
tho balance IN the treasury THO 10 tne ored 90, S
sscretary OF the Navy states that We have
seven ,Gsdcns as CITY aG % Ss
persons and property Of American citizens maintaining
and power OF the Government hnd promoting
tine and business interests ~ our cOuntrymen
in every part OF the world or the 23s vessels composing
the navy OF the United States &c. carrying bO7
guns are IN squadron service. During the year the mum
Der OF vessels In commission has been reduced u.
there were at the dEte Of the last report. large num-
Der OF vessels commenced aud IN course OF con
struetion when the terminated, aud although Con
es. had made the necessary appropriations for their
Completion the Department has either suspended work
upon them or limited the allow completion OF tho steam
vessels, so as to meet the contracts for maohin'
srV made with private establishments. Tho to-
al expenditures OF the Navy Department for the
nsoai year ending June So 1867, wero plo94oll. No
snnropratlons have been made or required since
,hs close Of the war the construction and repair OF yes
GELS for steam MACHINERY ordnance and cloth
ing fuel hemp &c, the balances under these several
heads having been than sufficient for current eI-