The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1869-11-10
z#THE AXMsYINNM IA nsRTA-yu
Our Pinances--- Estimated Surplus for
the Current Fiscal Year,

The following IS The letter Of Hon
David a. Wells, United States Commits
sloner OF Revenne, to, Hon. Thomas II
Dudley, United States Consul at Liver
pool, in regard 10 our present financial
condition and prospe;ts, to which refer
enco was made in cable despatch from
London, recently published in the news
papers: ~ Ut<A AZ. sh
TREASURY DEPARTMENT,
WARRINGTON, August 10, 1860.
DEAR Sin: In answer to the inoniry
in your noto of tilr 9Th, as to the probs
ble surplus revenue OF the United
States which can he made applicable
during the current fiscal year Tor ~ h,r-
thcr and continued reduction nf,he pub.
he debt. will, IN rlacr Of giving vn., a
direct and SPECIFIC opini"n, ak your
attention to The following figures: The
accounts o. tie Treasury .nr III. fi.cal
year which rna.8 on The so II of June
last, have not yet been fully cnmplr,rd,
bnt enough is NJ prcsrn, known to max.
1t certain that Ike excess of rrc.ims i
over expenditures was nt, least SIS
100000: that il, receipts, S37l 600
600; expenditures, $323,OO0,OOO. "a
Asno radical change m ihe laws i'm.
posing taxation or IN business of ths
country can be brimnetla'rly an.icipn,rd,
we are warranted III believing ,lmt Tho
above surplus will, at least, br continue d
during The current year, md wn there
lore assume il as the basis Of our .s,i
male. .s. ,...,f.. ..,, ..s s...tg, ..e!
10 this amount must be adtlIl two
specific items OF expenditure provided
TOR out OF current receipts during tho
last fiscal years, which will not Le car
rled over into the present year, and
must, therefore, be rcckonrd ns n ne,
gain to the Treasury; viz, $4,000, 900
required to complete the payments for
extra boun,ics, and S7.2OO, 600, in gold,
! equivalent tG $o,5uO, 900, in currency. J
dis6ursed in p'ymcnt Of the Alaska
purchase. sfn
The present elasticity Of The revenue,
or lis increase from tho Increase of the
country in wealth and population, will
average, at present. $l5, 600, 900, while.
the gain, from The ri gid svstcm Of econo.
my, inaugnrated by the presrn, admin
lssratlon, and from more faithful COL
lection ol lis taxes will unlnubtsd div
equal, and probably exceed, $4,000,
900.
The sum ofthr acv. raj item. w;ll b..
found to be $l20. 900. 900, which ap.
proximately indcnles the amount fof
surplus revenue which is likely TO b.
placed at the disposal af the TREASURY
during the current fiscal ycAr, and made
applicable fol the further reduction Of
the national debt. artr.
1t only remains for me 10 cali vour
attention to the lact that m annual IN
vostment of $l00, ,0OO. 900, at six per
cent, in sinking fund. will exting,i,h
the entire principal OF our debt IN less
than htlcen y"ar' or If l,r contribution
to the sinking fund be limitrd to $50.
ooo, ,oOO, per nnnun, ut six per cent,
(and n smaller contribution than this il
not IN accordance with popular scnti-
men'( the term will Only be extended
to twcn'y-thrre years: and between
'Eese periods yon have, in my opinion.
exact time when the present public deb,
ot the United States vii. be ext,nguish
cd
am yours, mo't respectfully,
DAvID'A. WELLS,
Y. s. Special Commissioner of Revenue
10 Hon. Thomas IT. DU,IEY,
Consul cfthe Un;trd States, Liuerpool.
RRDlCAL CuSrisCArIoS SciIEMr IN
MIssIssinrI. The II nds County
(Mlss.) f"zeHe notes the revival Of the
.lorty acres and mule" promise in this
form "That # The colorrd people will
vote the Radical ticket, General Ames
and Judge Tarbell will have tax lev
led upon all the lands in the State so
high, that tn present land holders can.
not>paysit; that then the lands viii be
declared forfeited to the State, aud be-
c"me the property Of the State to all
ln:cnts and purposes That then the
Legislature, in tho hands&of General
Ames, General Alcorn, Judge TNrbell
and others, will pass IA law giving to
every man IN The State, J!ach mud
white, who has no land, forty acres Of
SAL cohhscatcd lands, free Of CHARGE
This is the promise VIII Oh is now being
made to our colored people through the
Loyal Leagues and otherwise.
DlvoRcEs.--- Perhaps s,l,e crownine
virtne of Yankee civilization is the
com 2leteness Of its system Of obtaining
divorces with facility and comparative
cheapness, Mr.. Vice President Colfax
and Miss Dickinson recently administer
ed rcbuke to tho Mormons, for their
license in matrimony. and little CAN
diI investigation in their own neighbor
hoods, would have convinced them,
that the censurc might have been more
oecomingly bestowed elsewhere chan
upon the Mormons. L Tie hitter practice
their sin Of polygamy openly, and de-
lend the aystani aa a'tcnct in their re-
ligion, while the Yankees. profcsscdW n