New-York tribune., 1870-05-30
DECREASE OF THE PUBLIC DEBT DURING THE
MONTH-SALES OF GOLD AND PURCHASES OF
BONDS FOR JUNE-N0MlNATIONS BY THE
PRESIDENT.

PRESIDENT.
GENERAL PRESS DISPATCHl
The forthcoming statement of the public deDt VIII eh-
hibit a decrease of about Sll lOOo.CO0
The Secretary OF the Treasury has directed the Assist
ant Treasurer at New.York to sell 100000 Of gold on
each Wednesday of the month Of June-the hrSt thrd
and fifth on account OF the sinking fund and the second
and fourth ON account OF the special fund also to pur
chase s2ODOO0 OF bonds the first, third and nith
Thursday on account NJ the special fund.- ana sOo~on
the second and fourth Thursday on account oi the SnA
ing fund Aggregate sales of gold, $50OoOOO; aggregate
TSe President ID sent the following nominations to tho
Sgste n1,ts :. Ey Of to be Consul M,gu Me"oo
John Lngaielt Postmaster At Hol.da, ,s9sg % Ia
Aspltio 4 Wilson to be Postmaster at Barr , , Mas
Thomas Knel to Postmaster at Wele n S
saw that with close attention to business C9hSfgSs may
H NV The mn OF July. four days earlier than tho
date already fixed for that pnrb2it 10 , , liz" p,
inoicafions there is more probaDy 9l slgni sAIen-
Som fban curtament of the time. Inc GeneIhl Appro
pria bills are in an % oer u,u oo Hills
and MANI principally Of private chaiactetJ are IN
committee 10 be reported But iew Oh 'ne, nOwSNst sns
viii be continued TO the next session OF Congress.
Commissioners De- amos estimates Oh the amount oi re-
cepts srom internal revenue Tor the hsca year enunS
June 90 1S,0 likely to be realized The receptsnP
10 this date are sla5SooOO ana e1VovVO hloIc W. ,h
less be rccoNedby the expiration OF the pItest % ~
There seems 10 be no question that $NO0DWO wiz pe
realized next month rom the income iaN , u o 20, tba
sources, making in al the sum total OF >l1ooo or 'ho
present fiscal year. , -, -, A..
Secretary kuhcsOn mas Nflllru 10 lht 'udtnt vi o
House Committee on Naval Affairs letter relative to
expenses for material officers, and men for the navA
service lie suggests that there can be no liked proper
ton between the number of officers and men IN Ino
service and the expenditure for material for necessary
purposes rs the latter is connected with the require
ments of construction, preservation, aud repair Oh w.
sells, Docks machinery, Sc The uneNpended ,i ~
appropiatlous is also disturbing element IN nasa cl
mates The allegation that there arc 100 many oiuclS
nm the service especially OF the higher grades ne eohs
ers unfonded and proceeds to demonstrate by ii'S a
hureS that the proportion OF officers 70 the s
of the shore service and 10 the existing nuhuef snu
classes OF vessels Is. he expresses H. aDou lsht
He points out that IL is not consohaht WIN our Ia' v.
be- considered great naval power that We should We IN
different to building ships aud creating naNa orgahka
ons that require length OF time. Merchant steamers
event as privateers, cannot he OF service as thN
are unable 10 carry heavy batteries or resse
the action OF heavy shot or she'll We must Oe Pie
pnred 10 meet hostile ships OF other nations with struo
urs equal power The removal navy yards andthe
dimnution To our naval station On the Atlantic coast
would be- he thinks, an act of'folly At the presen,
moment we need especially dry docks One AT Key Wes'
would save its cost IN single year. There Is not SUCK
not knee OF timber stored up IN process OF season
ing We need heavy ordnance and the great success oi
the I5nch guns none of which nave ever uuIs.
will Justify their Manufacture which requires naSn s
time lie remarks that nc present we are Nl.noue t"c
means of illustrating our principles or oi ehior'mS
foreign policy