The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1868-08-20
$6O,OOO,OOO
100000

since the close OF tne war mas neen estiIna-
ted as follows:
BY act of July 13, 1866, $60,O0O,O00
March 2, 1867, 4O,000,000
Feb. 3, 1868, (exemp-
ton of raw co,ton,) 23,769,O 900
March 81, 43,5O0,O00
Total, S167, ,269 900
By the system of Internal Revenue which
prevailed at the close Of the war, taxation
NAV be said to have been all but universal
land, agricultural produce. manufactured
lumber, breadstuffS and a few other forms of
property or products only being excepted. A
aggregate of ten thousand distinct articles
or products made available as sources of In
ternal Revenue in July, 1865, would proba-
1iy be IN under rather than an ever estimate.
At the present time, OF all manufactured ar
ticles or products of industry. the following
only are subject TO special or direct taxation:
distilled spirits, fermented liquors, manufac-
tured tobacco. gas, matches and playing
rds. Perfumery, cosmetics, p,tent medi-
cines, and q few other articles, are subjected
to a stamp-,ax, proportioned to their selling
price. Since July, 1865, furthermore, the
additional tax of five per cent. on incomes In
excess of 900 has been repealed, and the
fiom 5000 to 81 600 The taxation former
" imposed on the gross receipts accrueing
from the transport alton of merchandise, has
also been entirely removed. Coincident
with the above reduction of taxation, or from
the 3lst of August, 1865, to the 30th of June,
1868, the aggregate of the national indebt-
edness, including cash in the Treasury, ex-
hibts a reduction, in round numbers, of
$3.50. .OOO, ,OO0) two hundred and fifty mill
lions! On this abatement of the debt, the
reduction of the interest, calculated at SIX
per cenium, would be (Sl5, ,000,) fifteen
millions per annum.
THIRD.-EXPENDITUEBs OF THE WAR DE-
PARTMENT.
The aggregate expenditures made through
or under the direction of the War Depart
ment, from April 1st, 1865, to June Both,
lSeS, inclusive, were S9l7,117,043 43. OF
this aggregate, the disbursements for nine
months, or from April i, 1865, to Dec. 81 +,
of The same year, as stated by quarters, were
as fellows:
April to June %, 1865, $i14,l96,277 SO
June 80 10 Sept. 30, 1865, l65 5,369,237 81
Sept. 80 to Dec. 81, 1865, 6S,l22,5il 60
Total, S647, ,635, ,O56 33
1t thus appears that of the above total ex-
penditures of the War Department, S647, :
G6s, 900. or 70 per cent. of the whole, were
directly contingent upon the termination OF
the war and the disbanding of the army,
and were disbursed within The nine months
Immediately succeeding the surrender of Lee
/ in April. 1865.
/ The balance of expenditure charged to
! the War Department on the books of the
Treasury, viz; $269, ,42S ,9S7 10, covers a
period OF thirty months, or from Jan. l, 1866,
10 June 80, 1868, and represents the disburse-
ments further contingent upon the termina-
tion of the war, such as arrears of ply and
transportation Of troops; the regular expen-
ses of the military establishment; the ex-
pense of The Indian War in the Summer
and Fall of 1867; the payment of bountiei
(Si9. .3S2, $50 from July ], 1866, TO June 30
1869; the payment for property lost or de
stroyed in the military service Of the Unite'
States (SIl 200, ,000); the reimbursement o
State claims $l0,330 900 In lSG7-S)i river
and harpor Improvements, and the expense
of Notifications subsistence of Indians
Freedman's Bureau; expenses OF Recons'ruc
ton, &c, &c.
FoURTH.-ExPENpITURE OF THE NAVY DE
PARTMENT.
The expenditures of the Navy Depart
ment from April L, 1865, to June ~, lS6e
} were $I33, 1926 81. OF this amount
$59, SAT $50 So, or as per cent. were dis
bursed within nine months Immediately sue
} ceeding the termination of the war IN Apri
} 1865. The balance ofihe above expendiiur
$73, 27I ,407, covers the regular expense
of The Navy for period of thirty months
} ending June Both, 1868 as well as the dis
: bursements on account of prize money, an
3 for the settlementaof contracts entered mi
e prior to the termination Of the war.