The national Republican., 1869-01-07

1t will be thus seen that s3o3, ,OOO, 900 10 the
amount asked for, and II ia for Congress to
determine how much OF that sum II 10 abso.
Government. ho1 ps2 gh % SsS SAffy VIII III iet iet
the permanent appropriations stand as In the
amount Of interest on the public debt il over.
stated s200O,0o0. That amount Is tl2s, ,G0O, ,6J6
which we must regard as fixed and definite.
oll;7I, made up OF the items as set out in the
estimate. The question reours how much can
this amount be reduced without detriment TO
ms to s tso .mpfS.s9s pfor o6S 5S!
OOocan be reduced, as the Appropriation Com
mittee has not yet proceeded far enough In the
consideration OF the various amounts making
But we shall report reduction Of more than
sl0o, 900 from what was asked for the expenses
o. foreign intercourse, and nearly tlOOo,ooo
executive, and judicial bili. Pensions, Indian
department, and army proper must remain
about the same as stated in the estimates.
Military Academy we reduce nearly $4,000 on
the estimates. For armoIy and fortiheAtions
tt,osi, 200 are asked, and Ibelieve we can get
imnfsvmsn iUns ~s 'IvO US 0n EoT hsfSor and a. river
In my Judgment $4,000, 900 will be as much as
SonsIs,, would Wish to appropriate under
ment go 993, ,4li, so are estimated. But in the
| navy bill already prepared this 10 reduced to
about $4,000 900, which, It is believed, will
Here are some tiS, ,ooc, 900 which 1t ia thought
can be cut off from the estimates Of the total
expenditures for the year ending June 80, 1870,
| OF t5O3 OOOO 900, as submitted by the Secretary
expenditures for the fiseai Year Year ending Ing June June
20, 1870 t2ss, ,ooO Add TO that "a 900 900
ior various % other expenditures, and we have a
total OF $500, 100000. 1t Is my belief that the
| expenditures can be kept down to that point,
| and that the Government can be Administered
| for that sum, and II that can be done as IL
ought to be done, = good showing can be
| made.
| l have made no estimate In relation to the
| revenue for the next fiscal year, but for the
present fiscal year 1t appears rom the Seere.
| tary's report that the actual revenues received
| that the Secretary estimates the next three
quarters at t2t0, 900 900, making the total estI.
mate Of the Secretary t3il ,OO0,O 900. But Mr..
| WellsI special Commissioner OF Revenue, who
mates that II will reach 1850, 900, ,OOO being
| retary.
Assuming, therefore, that we shall not col.
June 80, 1870, than the Secretary estimates we
| snail collect for the present fiscal year, and
assuming that our expenditures will not
exceed e s29O, 100000 there will be q surplus OF
toliVOO,VOO LOT the year ending June 80, 1870.
But with an honest collection OF the revenue,
and without any increase Of taxes, l think we
can collect 1850 900, 900 of revenue. II this cal
De done and our expenditures can be kept
| even wlthin $500 900 we will show a sur.
plus "a At the end OF the fiscal year 1870 OF So.
with an exhibit OF this character, which 10
An exhibit that can be made II Congress and
| Ihe Executive shall act In harmony to that
great end, the credit OF the Government will
DC established on an enduring basis, our bonds
| VIII 70 TO par 10 Europe, greenbaeks will ap.
PrGGSnmHe PLdGHnah g9id In value, taxes may then be
| reduced, and the country will enter on career
| oLprosPerlty, glory, and power without par.
allel In the history OF nations.