Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1868-08-06
THE PUBLIC BURDENS.
Interesting Statement by Commissioner
Wells,
WASHINGTON. july 9, 1865.


WASHINGTON, July 8, 1865.
Hon. DdUid f.. Wells, Special Commits
siOner Of the Reuenste :.
SIR Il shall esteem it a favor if 70,
will furnish me at your earliest convent
ence with such official information bear
ing upon the following questions as may
be in your possession
First. What have been the nationa
receipts and expenditures for the fisca
year ending June 30th, 1868?
Second. To what extent has taxation
been abated or repealed since the ter
mination of the war, or since July lst
1865?
Third. What have been the expendi.
lures in aggregate and detail of the Wal
Department since the surrender OF Lee
in April, 1865?
Fourth. What have been the eXpen.
ditures of the Navy Department since the
surrender OF Lee, in April, 1865?
Fifth What have been the eXpendi,
lures, aggregate and annual, of the
Freedmen's Bureau, and for the recon.
struction, up TO July 1st, 1868?
| am yours most respectfully,
VIM. B. ALL ISON.
TREASURY DEPARTMENT,
Office Special Commissioner OF the Revenue,
WASHINGTON, July 10, 1865.
Hon. Wn9. b. Allison, NJ. c.
= SIR:-I have the honor to acknowl-
edge the receipt of your note of,July 9th,
and in response to the same submit the
following statement, promising, how
ever, that only substantial accurycy can
be claimed for the account of receipts and
expenditures for the fiscal year ending
June 80, 1868, inasmuch as sufficient
time has not yet elapsed to allow of a
perfect and exact settlement on the
books of the Treasury Department OF
all the accounts of the last quarter of
the last fiscal year =
FIRST.-RECEIPPS AND EXPENDITURES.
Receipts. The national receipts OF
revenue from all sources for the fiscal
year ending June 1868, were substantial
ly as follows:-
Customs 5OO, 900
Internal Revenue teurrency).........., 1000
Public lar DIS and direct tax............. 2sOO0OO
Iotal-.-..-.--. siO6, ,S0O,U
rpeRoitaTes.-The- expenditures of
the government on account of the inter-
est on the public debt for the fiscal year
ending June 80, 1858, was Sl41, ,635, ,551 13.
The aggregate expenditures of the sew
eral departments OF the government for
the same pc. iod were S229, ,914,674 Sc !;
making a total expenditure for the fiscal
year ending June 80, 1868, of $371 $780,
225; and leaving an estimated sgerptus of
receipts oUer expenditures of $34, 749, III.
An analysis Of the expenditures affords
the following results:-rI .ro.;.
Iaterest.-The present condition of the
funded and Understanding debt of the
United States, exclusive of the bonds is
sued by the Pacific Railroad companies,
the interest on which is a charge upon
the roads, necessitates present annual
expenditure on account of interest of
about S126, 100000. .-.4r...i
The excess of expenditures on account
of interest over this amount during the
last fiscal year, was due mainly to pay
ments on account of accumulated inter-
est on the compound interest notes, and
will not again appear in the future dis
bursementS of the Treasury on account
of interest.
National Expenditures other than for
Interest. CiUI List-Embracing the ex-
peDditures of the executive, legislative
and judiciary, foreign intercourse, terri
tories, collection of the revenue, District
of Columbia, public lands, mints and as
say offices, coast survey, light houses,
post office deficiency, &C., S53, ,O09, ,S46 95.
The estimate of the present fiscal year,
as deduced from the appropriation bills,
and including permanent
is about $4,000, 900. ,t
Interior Depdrtnaent-The eXpendi-
lures under this head for the fiscal year
ending Tune 20 1S6S were S27 $50 676 27