The Portland daily press., 1868-07-30

A GREAT CAMPAIGN DOCUMENT.


Cut out and preserve every word of the fol-
lowing document prepared by the special Com
missioner of Internal Revenue, David A. Wells,
the most accomplished fnancier and political
economist in the United States. 1t was pre-
pared in conformity with the request of Con-
oressmsn Allison of Iowa, who desired a state
ment of the receipts and expenditures of the
Government for the fiscal year ending June
3Otb. the reduction of taxation since the close
of the war. the expenditures of the War and
Navy departments and the Freedmen's Bu-
reau. since the close of the war. We give the
whole of the document except that specially
relating to the Freedmen's Bureau, that sub
iect being sufficiently cleared up by Gen. How
ards letter published in another column. of this
paper. Mr.. Wells paper will enable Republ-
cans to stop the mouths of Democrats with the
official figures every time they are opened to
complain of the increase of taxation and the
extravaganza and corruption of the Radical
party.
FIRsT.-RECEIPTs AND EXPENDITURES.
ReceiptS-The national receipts of revenue
from all sources for the fiscal year ending June
80, 1868, were substantially as folows-
ss9 nterna Revenue sS currency 600
Public lands and direct tax 100000
Total ACKNOWLEDGEMENTS. .$4O6, 300, 900
Erpenditures.-The expenditures of the gov
ernment on account of the interest on the pub
nc debt for the fiscal year ending June oO,
1868, was $141 635 551.13
The aggregate expenditures of the several de-
partments of the government for the same pc
riod were S229, ,9l4 GA 56; making a total ex-
nenditure for the fiscal year ending June 70
1865, of S371, $50 225; and leaving an estimated
surplus Of receipts O0er expenditures of $34 49,
III.
An analysis of the expenditures affords the
following results:--
Interest-The present condition of the fund
ed and interest-bearing debt of the United
States, exclusive of the bonds issued bv the
Pacitic Railroad companies, the interest on
which Is charge upon the roads, necesstates
present annual expenditure on account of in
terest OF about $126000O00.
The excess of expenditures on account of in.
terest over this amount during the last fiscal
year, was due mainly to payments on account
of accumulated interest On the compound in
terest notes. and will not again appear in the
future disbursements of the Treasury on ac-
count of interest
National Expenditures other than for Interest
Ce01 LtSt-embracing the expenditures of
the executive, legislative and judiciary, for
eign intercourse, territories, collection of the
revenue, District OF Columbia, public lands
mints and assay offices, coast survey, light
houses, post Office deficiency, &c., $53OO9 S46-
95.
The estimate of the present fiscal wear. as
deduced from the appropriation bills, and in
Guiding permanent appropriations, is about
36,000,000.
Interior Departnoent-The expenditures un-
der this head for the fiscal year ending June
80, 1868, were 27 ,8S2 ,676,27, which were appor-
toned substantially as follows: For pensions
S23 282 SIG; for Indians 81 900 OOO
Macy Depdrtment.-The expenditures under
this head for the fiscal year ending June 80,
1868, were $25775,502,72
The appropriations for the service of the
Navy Department for the present fiscal year
are sly 100000
The following table shows the expenditure
of the Navy Department since and including
the fiscal year 1862:
iseS ise2 $42 674569
63 211, ,105
ioot s5, ,733 1872
ioco oc SO ,776
LOUD 43 324 11S
81 03i 004
,ooo 257l5,512
1907 II 100000
Var Department.-The total disbursements
made under the direction OF or through the
War Department for the fiscal year ending
June 81, 1868, were $123, ,246, ,648 81.
vi this amount there were paid:-
For bounties. observation-disclosures. $3s OoO 0oo
iteimburs ng State war claims. IO' sSO ISS
Engineer Bureau, mainly river and harbor
improvements. ,13! !,62O
Payments for property lost or DESTROYED in
the military service OF the United States,
(act March 3D., 1S,9 and supplementary
thereto) estimated. III 300
Subsistence Indians (estimated). ,OOO, 900
Freedmen's Bureau 3, ,215 900
expenses reconstruction. L 1885, 270
c,0uohai CenieeI 1872 800
Communication ratious of prisoners of .52,O 600
Total. 500, ,583 288
The amount deducted from the aggregate
expenditures above given indicates the regu-
lar and legitimate army expenditures for the
fiscal year ending June 80, 1868, to have been
S56, 6,713,410; of which no inconsiderable part is
justly chargeable to the expense attendant up
on the existence of Indian hostilities upon the
plains in the summer and fall of 1867 which
largely and exceptionally augmented the cost
of transportation and subsistence.
The military appropriations for the fiscal
year are $33,0S1 ,O1S.
CLASSIFICATION OF EXPENDITURES.
If we divide the total expenditures of the
last fiscal year into ordinary expenses" or
those which are required to support and main
tain the government, and "extraordinary ex-
penses," or those which have been the unavoid-
able result Of the war, we have the following
classifcations:
ORDINARY EXPENDITURES.
Fiscal year 1868 1869
Estimated or