Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1868-12-19

from Mexico for o16,OO0,O0O, and the
territory Of New Mexico, was Obtained
from Texas for the Sum of elO, ,0OO, 900.
Early in the year 1881 the war Of the re-
bellion commenced, and from the lat day
Of July Of that year to the Both day Of
June, 1865, the public expenditures
reached the enormous aggregate Of s3,-
300, 900, 900. Three years peace inter-
vened, and during the time tho disbunc-
ments Of the Government have sueccssively
been $500, ,OOO, 900, SS46, 900 900, and
893. .OOO, ,OOO Adding to these amounts
the 1892 ,OOO, 900 estimated - necessary
for the fiscal year ending On The 80th Of
June, 1868, We obtain . total expenditure
Of 81, 600, 100000 during the four years
Immediately succeeding the war, or nearly
as much as was expended during the sew
enty years that preceded the rebellion, and
too embracing the extraordinary expcndi-
lures already named. These startling facts
illustrate the necessity Of retreuchment in
all branches of the public service. Abus-
cs which were tolerated during the war for
the preservation Of the nation, will not be
endured by the people now that profound
peace prevails. The receipts from inter-
nal revenue have, during the past three
years, gradually diminished, and the con-
tinuance of useless and cxtravagant expens-
cs will involve us in national bankruptcy,
or else make remarkable increase in the
taxes already too large, and in many cases
obnoxious, on account Of their questions
bic character. One hundred millions year.
ly are expended for the military force, a
large portion Of which is employed in the
execution Of laws both unnecessary and
unconstitutional $4,000, 900 are re-
quircd yearly to pay the interests on tho
public debt. An army Of tax-mastcrs i'm
povcrishcs the nation, and public agents
are placed by Congress beyond the control
of the Executive, aud divert from the le-
gitimatc purposes vast sums ofmoncy which
they collect from the people in the name Of
the Government. Judicious legislation
and prudent economy will only remedy
these doings and avert an (which If suf-
fcrcd to exist cannot fail to diminish conf
dcncc in the public council and weaken tho
attachment and respect Of the people TO-
ward their political institutions. Without
proper care the small balance which il is
estimated will remain in the Treasury at
the close ofthc present fiscal year will not
be realized, and additional millions will be
added to a debt which il now estimated by
billions. 1t is shown by the able and COM
prelcnsivc report Of the Secretary of the
Treasury, that the receipts for the fiscal
year, ending juno Both, werc S405, ,G3S,.
OS3 32, and that the expenditures for tho
same period were 1917, ,240, ,284 leaving in
the Treasury surplus of S28 ,308,799 1t
is estimated that the receipts during the
present. fiscal year, ending june 30th,
1869, will be S34l ,392, 1868, and the expcndi-
lures 1926, 152, ,470, showing small bal
ance Of SIS, FAC, 1893 in favor Of tho Gov
ernmcnt. For the fiscal year ending juno,
1870, it is estimated that the. receipts will
amount to 327 100000, and the cxpendi-
lures to 1904 ,000, 900, leaving an estima-
ted surplus Of e23, 100000. 1t is proper
in this connection to make brief reference
to our public Indebtedness, which has &C.
cumulsted with such alarming rapidity and
assumed such colossal proportions.
In 1889, when the Government com.
mcnccd operations under the Federal Con.
stitution, Il was burdcned with an indcbt-
edncss ofS75 900 900, created during the
war Of the Revolution. This amount had
been reduced to e45,000,000 when, in
1912, war was declared against Great Brit
ain. The three years struggle that fol-
lowed, largely increased the national obli-
cations, and in 1915 they had attained the
sum Of 1927 900, 900. Wise and cconom.
ioal legislation, however, enabled the Gov
ernment 70 pay the entire amount with.
in period Of twenty years, and the extin-
guishmcnt Of the national debt filed tho
land with rejoicing and was one Of the
greatest events Of President Jackson's I'd.
ministration. After its redemption large
fund remained in the Treasury, which was
deposited for safe keeping with tho several
States, on condition that It should be re-
turned when required by the public wants.
In 1849, the year Sftcr the termination
of an expensive war with Mexico We found
ourselves involved in debt e64, ,000, 900,
and this was the e'amount Of the debt Of the
Govern4cpt in 1850, Just prior 10 the out
break Of the febSikodi. III The spring Of
1881 our civil war commenced; each Year
of ID contjnuaaee nads On suormods d.
dition tc. the debt When, in the spring of
1855, the nation successfully emerged
from the eonaict,' the obligations Of tho
Govesnmsat had reached the immense SUM
IF s2,S7S,9 ,992, ,909. The Secretary of the
Treasury shows that on the let day Of No
venber, 1867, this amount had been re-
duced 70 es,491 ,50l. $50; but 1t the
same time his report exhibits IN increase
didsg Tie pm year q 81. .025, ! ,l0z, for
tAs dsbt ou tho LIST day Of Nsvsaber ~
i sasAsd 10 be q, SCI, In, ,S62. Il = sst;-
mated BY the Secretary that the rstssss
S6r the past poatA Win odd b our liabili-
tiss the further s1n Of ei6, ,500, 900. Id
~ message 70 Coagres Of Dcccmber I.
1855, IL vas suggested that policy should
be devised which, without being opprcs-