New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-01-08
Total. .s56g, 7l2 79O 81 s49O, ,947 IS


The customs having averaged for thirty months sl7o
900 in gold per annm there no cause to doubt that
they will amply meet the demand OF $S0o0o0oO for coin
interest the debt That the National Government can
conduct Its business the present time with the same
decade prior the be expected The crea
ton Of debt OF system OF revenue the large IN
Of the army and OF PENSIONS the abnormal cond
ton OF portion OF the country and the general increase
OF prices all contribute to render such result
the ordinary expenditures OF the last fiscal year so6
year s66 Eat per cent above the average OF the de-
osde from 1881 TO 1851, may well be doubted
The expenses Of the state Department, ST. s5S9 have
not largely Increased since 1884, and are excessive.
there $1,000 applications on file Tor pensions In
creased appropriatons may be expected therefor The
Commissieper recommends the reduction Of the army
and navy 20 the minimum; no new pubic works 70 DC
by the Rebellion be paid; retrenchment no money TO
be appropriated to buy foreign territory.
over per annum adding s5eOOO to our produc,
ing capacity lis this net and above what they ada
to consuming capacity i-EDJ Inventions are de,
veopng our Industry patents having been granted
during the year crops increasing III quantity
and value, and manufactures are advancing. on tne
latter head the Commissioner reports as follows:
the manufacture of cotton the amount OF machinery
at present in the country and which Is en-
gagged the work OF production from Is to 20 per cent
than existed at the beginning OF the war while tne
export trade cottons formerly before the war;
large but aiterward almost entirely lost now eeoVer
ing with gratifying pdyy iba tne de- o.
preston Of this interest the erection OF new mills mas
OF Tii the prc%cs regard % this point
the Secretary OF the National Association OF American
w9Sen aah h , ~ ms "s The Vast MANAGE
men In wooden goods, exhibited the present year. Is the
subject Of universal comment and surprise with mer,
chants" And, again; "our progress has not been limited
10 Improvement of old fabrics, In style or economical pro-
duction; many new fabrics have been successfully
achieved" The recent introduction OF important i'm.
proyements for manufacturing certain descriptions o,
wooden goods by power formerly made wholly py mana
and imported, is also cited.
Another authority this subject trhe Ne,', YORK
Economist, also says: at can truly be said OF
our (woolen) manufacturers this season, They
have made wonderful progress over last year
Such continued improvements in the manufacture
OF wooden goods will soon place us beyond the
OF rivals and cause our products 10 be emateu
the world as our most choice styles ana saaDe a
the result OF american ingenuity both IN coor
Ia the department of iron industry number OF blast
during year. has been in excess OF tnat Oh any
former PERIOD while an unusually large number OF new
furnaces now In process of construction
During the period the rolling OF the country
were generally in continuous operation; new establish
ments OF this character anu new anu S
for the manufacture of Bessemer steel nave aso peeh
erected; while marked Increase III tne American pro
duct Of ordinary steel Is reported. .,I IN
The Commissioner would also, IN TINS connecuon can
attention the fact that, Notwithstanding the almost
continued reported depression or the iron interest IN the
United states, the average III wv.
In OF the ratio OF the increase oi pOpuhtoh
annual ratio OF OF pig iron from 1850 TO 1860
having been in OF per centum while that OF
regulation from 1850 1860 about "a per cent or
stated differently. increase In the production OF pig
iron 10 1866 237l per cent while that oi
population 40 per cent. The annual ratio OK ll-
In the product OF pig iron III the united states suco
1855 has also been greater than In Great britain.
III the production OF anthracite coal whicn
may be taken n measure OF the production OF al
American coaD during the year 1866, was ABOUT 5OWn
Of tups over the product OF 1862 on gross return ior e
referred Mt the time IN part To speculative revV
OF trade and industry succeeding the termination Oh the
stimulates however they really influential have
clearly not operated IN any degree dung tue past yea