Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1868-12-17
THE RUTLAND HER AID,
FRIDAY, plclMBEu II, Iso-.
,hs nspsr, al the secretary ~ the
IIsnsufhs


W dassmant VII l. moro es' rly
ash,,r nd P,russ1 with marr inter
u that the' Il tho lien HUH M.CalIocl
secretary ~ Tho Treasury TIL us'iont
Same. must iar long period, absorb
auch Of the attention Of the American
uple, snd us regulation toPic.oi grca'
.a,ern The Rcpor, is Of great length
.ul our columns viii not allow Of it,
autRs,tion entire, and. we therefore give
.anaeusel statement Of H. material c''i
.artes and statements.
TIE National finances are reported IN
s,.pl condition, with the suggestion that
~ith proper financial legislation in tho TO
.i,,ap II tho Tariff and the modification
y certain portions Of the iutsrra! revenue
laws, tho path TO specie payment may be
reached. Tho funding oi the Public
Dsm isregnriel 81, one step towards, re.
eumption tt report shows that M To
l,te, Of ~ ss,,u-,hirty bonds Ss2i SEQ.
20 huvo tr.n iuulcd in fve.,wcnty six
ger cent bonds, Il tho first series 5000.
,G3, sO0: second series sl9t So. $50. Thi,
ie,v,s on tho ls' Of December of the ont.
landing scveu-thirty notes, bat S2,b3,.
$50 Tho compound interest notes which
tscame duo between hc.l0th ofJuue, 1861,
aud tho 10Th OF October, 1865, have not
IN been redeemed hut may have been re-
.esyed for the throc per cont certificates.
The Secretary estimates the cNpcndi.
lures for tho fiscal year ending Jdne 30th,
1850, to be S25O,Ooo,OoO, though the war
department in the ctcr, Of an Indian war,
will add many million, to thi, estimate.
Las, year the war department asked for
s25,0Oo400 for bouuties but it, estimate
this yoar i less than that amount, as no
moro appropriation. for bountics are re-
quircd. Tho report shows that the annual
'aterest on the public deb, is in round
sumbers Sl40,000,O00. and the estimat,
TOR the next fiscal year, i, but little in OK.
less Of thatamount. The estimates Of the
navy department are some sl5,000,0OC
!css than last year The receipts show
,Eat thu Internal revenue Of the present
fiscal year; will amount to Sl20,000,000
The estimated revenue for the next fisca
year from customs, internal revenue
4ssrt-l miscellaneous surrrus, r. mauy
millions in excess Of the expenditures
This year tho estimated excess was but
S9000o00, The Sccretary's report show,
tho public debt has been reduced during
thc year from November lst, 1867, 10 Nov
rruhrr LIT, 1855, $500 ,l6e,se. Tn
report shows tn expenditure on accoun
nf'thc public debt, Of $3.50, 900, which
includes rcdemptions, conversions, Interest
m the public debt, Sc.
The views of Secretary McCulloch are
.2und, and practical, and cannot fail in {
ueat measure to meet the views Of The
PEOPLE and Of Congress.
THr PRESIDENTS MESSAGE IN Coz
"EEss.-The presidents message stirred NJ
wrath and Indignation in both houses. Ii
The Senate there was something like
Gene On the motion 10 suspend tn
reading, an excited debate occurred. AM
nn adjournment was carried, Messr.
Fossendcn, Trumbull, and other conservs
iiNa republicans any that while they con
.lsr the message insolent and disgracefu
thoy think it betterto read it but Messr
Cankling, How, Edmunds, and other adj
-f1latora held that the character Of the dot
umert l. too infamous 10 he read by II
senate clerk.
In the House the document was res
s,h brief debate followed, aimed who'll
., the presidents recommendation tn,
Csuggoas rcpudiate the interest on Il
bonds. Everybody regards il as disgrac
full to the nation. Even democratic men
bep say thst il Is the worst documel
that ever cam" from a president At 1
Early day both houses viii pass resell
rinn rasdsmning reputation and censu
ing the president There is not sing
.mc,uhcr Of the cabinet who does not dis
vow the presidents sentiments, and N
McCulloch declares il 70 be infamor
The president says that he did not 81
his message 10 Brick Pomereys paper !
,'re sentlinG it to Congress. but he is n
h"h't"d This is tho only daily paper
>'w N"'N which supports repndiatio
nnI f"r Tins c-'-o the docpment ws- Civ
rvt'ueivnlv "a it.