The Lancaster gazette. [volume] (Lancaster, Ohio) 1863-1886, 1867-12-12

ANt Wv 81 pun Va tu0 rVCtol % .
TEN, and encourages propepEities
destructive OF its happiness. Hwars
against industry, frugality and e.
economy. and it fosiers the evil
spirits Of extravaganza aad speeu
lation. II has been asserted by
one Of our most profound and most
gifted statesmen that OF all contri-
vaRees for cheating the laboring
classes of mankind, none has been
more efsctaal than that which de.
ladies' them with paper money. This
is the most etfectual of inventions
to fertilize therich mans field by
the sweat of the poor mans brow.
Ordinary tyranny, oppression and
excessive taxation, these bear light
ly on the happiness of the mass OF
the community, compared with a
fraudulent currency and the rob.
berries committed by deprecated
paper. Our own history has re-
corded for our instruction enough
and more than enough of the de-
moralizing tendency, injustice and
intolerable oppression on the vir
tuous and well, disposed of a de
graded paper currency authorized
by law, or ia any way countenanc.
cd by the government. 1t is one
of the most successful devices in
times Of peace or war. of expan-
sions or revulsions, TO accomplish
the transfer of all precious metals
from the great mass of the people
into the hands of few, where they
are boarded in seen et places or de-
posted in strong boxes under bolts
and bars, while the people are left
to eHdure all the inconvenience
and sacrifice and Generalization
resulting from the use Of deprecia-
ted and worthless paper money.
The condition OF our finances
and the operations OF our rever ue
system are set forth and fully ex-
planned in the able and and in.
structive report OF the Secretary OF
the Treasury. On the 30th Of June,
1866. the public debt amounted to
S2,783, 3,425 1873 on the Both OF June
last it was 1862, 1919, ,2l5. showing
areduction during tho fiscal year
Of $9l, ,226,664. During the fscal
year ending June 80, 1867, the re.
ccipts were s490,G34, ,O1O, and ex
penditures s346, ,729,l29, leaving
an available surplus Of Sl43 S04,
$50. IL is estimated that the re.
ceipts for the fiscal year ending
June 80, 1858, will be S4l7,1G1
928, and that the expenditures
will reach The sum ofs393 ,269, 226
leaving in the Treasury q snrplnt
OF s23,S92,70o. For the fisca
year ending June 30, 1866, 1t is cs
timated that tho receipts will a
mount to 1881 100000, and tina
the expenditures will bc s372, 900,
600, showing an excess Of $4,000,
600 in favor of tho government.
The Revenue system.
The attention of Congress i,
earnestly invited TO the necessity
OF a thorough revision of our reve
nue. system. Our internal revenue
laws and impost system should bC
90 adjusted as 10 bear most heavily
on articles Of luxury, leaving th,
necessaries Of lite as free from tax
alton as may consistent with tn,
real wants Of government, econom
ically administered. Taxation
would not then fall unduly on tn,
man Of moderate means, and Will,
mono would be entirely exemp
from assessment, all in proper
tion to their pecuniary abilities
would contribute to the support O
the state. A modification OF ou
Internal revenue system by o larg
reduction in the number Of article
now subject TO tax would be follow
ed by results equally advantage.
GUS TO tho citizens and the govern
mont. Itwould render tho execution
ofthe law less expensive more cei
tain, remove distractions to indus
try, lessen temptation to evade th
law, diminish violations and fraud
perpelrated upon its provisions
make its operations less inquisi
torial, and greatly reduce in mum
bers the army Of tax. gatherer
created by the systom, who TAX
from the mouth of fhonest labor III
bread IL has earned. Retrench
mont, reform, and economy shoul,
be carried into every branch of pub
lie service, that the expenditure
of tho government may be reduce,
and the people relieved from op
pressive taxation, sound curren
cy bo restored, and the public faitI
in regard to the national debt 40
credly observed. The accomplish
mont of these important results
together with tho restoration o
the United States upon the princi
pies OF the Constitution, would in
spire confidence at homo and u
broad in the stability of our insti
tutions, and bring to the patiol
prosperity, peace and good will.
The War Department.
The report Of tho Secretary 0
War dd interim exhibits the opcra
tions of the army and the severa
bureaus of the War Department nj
The aggregate strength OF the mil
itary force on the both of Septem
bcr last was 56,3l5, The total cs
innate for military appropriation
is SH ,l3I,7O7, including dofcien
cles in last years appropriation /
the amount OF $4,000, 600, Pay
ments at the Treasury on accoun
Of tho service of tho War Depart
ment from January to Octobo
20, 1867, a period OF ten months