The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1868-12-23
THE PRESIDENTS MESSAGE.

q
10 like AL the other communications to Con.
gress from the same sources vigorous, Ia
minous,I and comprehensive state paper. A,
the very threshold the President calls the
attention Of Congress to the disorganized
condition OF the country under the various
laws which have been passed upon the sub
jert Of reconstruction, which. he declares,
after a fair trial, have failed, and there
seems to be no good reason why they should
longer remain on the statute book. The
views Of the President upon this subject
are in the main those which he has stated
% former occasions, and are expressed In
tone Of great emphasis and earnestness.
The consistency and stesdiastEess with
which President Johnson, from the begin
ming 10 the end ol his administration, has
adhered 10 his views upon the constitution
alquestion ins Owed IN reconstruction. chal-
lenge admiration iron all whose judgment
is .ol clooded by party prejudice and pas
sim. and will be remembered hereafter IS
distinguishing7and honorable chsraeteris-
tirs Of The man aud his administration. Al
though he can have no hope Of influencing
Congress 10 q change. vet the utter failure
80 Tar TO realize the happy results which
we're TO auw fram its Legislation naturally
confirms the President in has original con-
victims on The subject. y 3.
y IN regard 10 the tenure Of ofhce bill, the
President urges that lis repeal is demand
ed by the best interests of the country. Tie
also regards the army appropriation act Of
March 2. 1867. as containing provisions
which interfere with his constitutional tunc-
tions as commander in chief.
The condition OF The finances is next
considered. aud II is stated that. coHpared
wiih the growth ol our population. the pub
lIc expenditures have reached an amount
unprecedented 10 our history. The facts
which 90 to show this are Of great interest, |
and worthy the special attention ot The rea- |
der. These considerations sre..employed
10 illustrate the necessity Of retrenchment
~ all branches Of the public service. The
receipts 0f internal revenue and cEsioms
are said, during the past three years, 20
have gradually diminished, and the contin.
lance .f extravagant expenditures will in.
solse usin national bankruptcy. or else
make an increase Of taxation inevitable.
Reference is made 10 the report OF the Sc.
cre,ary Of the Treasury. which shows that
The receipts for the fiscal year ending June
so. ls6s. we're s405. .6Ss. .os3. and that The
Expenditures for the same period were
s377. .340. .es4. leaving 10 the treasury sur.
plus Of S2s ,297.79s Il 10 estimated that
The receipts during the present fiscal year
ending June so. 1869, will be- ss4l SOS. .s6s.
and the expenditures S336. 1 Sc. .470. showing
. small balance OF IS, ,240. .39S 10 faver Of the
government. For the fiscal year ending
June 30. 1870, IL Is estimated that the re.
ceipts will amount TO s327. 600. 900 and the
Expenditures to s30S, 600, 900, leaving an
estimated surplas Of sa4 .0OO. 900.
In this connection the President refers TO
our public Indebtedness, which has aecu-
nulated with such alarming rapidily, and
which, from debt Of sixty four millions
Iust prior TO the outbreak Of the late war,
rad risen a its conclusion 10 s2.s73. .992..
80. -
. In this cannection the President refers
10 our public Indebtedness, which has ac. '
'anulstea with such alarming rapidity. and
which. IRON debt of sixty .lour millions
ust prior 10 the outbreak of the late war,
'ad risen a. It's conclusion TO 81. So, ,g9s.. :
The Secretary Of the Treasury shows ths, 4
~ the hrst day Of November, 1867. this a
mount had been reduced to s2, ,4oi ,s04..
30 bat az the same time his report erhi. i,
'Its sn increase during the past year of :
55,o2b, ,l02; /; for the debt on the lst dav ~ !
November last is stated 20 have been o.. :,
20 ,'2e.551. IL is estimated .by the Sc. !,
r,eiary that the returns for the pa,t month 4
,lii add TO Que liabilities the further sum !,
eleven mlllions--inaking a fetal increase q,
ui'ng thirteen months Of forty y,si1 and a II
it sh8 10