The post. [volume] (Middleburg, Snyder County, Pa.) 1864-1883, 1870-12-08
The Treasury Department.

The Treasury Department.
/ After President Grants message, in
winch the various dcpnrtmen'sl re.
p,rls pass in kaleidoscope review, the
document possessing the must inter
tst Tor the country ~ large. as well ~
the tirancier and the Statesman, will
be the annual rcp"rl of Secretary oi
the Treasury Boutwell,. Party differ
cnces hinge on the subject Of which
II treats. aah now that oil diriIin !
| lines aud debuahe isSups are diSsolv-
in, before tie enforced progress o.
the opposition, there are considerations
which attach unusual Importance to thi.
rxhibit Of the money bags and 6oan-
clal policy Of the Ainini-irati n.
With the ri.id adherence to rcoDr-
my and conscientious collections OF
revenues which have characterized the
Government ever since General Grau,
assumed the Presidential chair. none
other that o favorable statement Of
the financial cond,tiu2 Vas to have
been expected. Those magnificent
monthly cancellations Of the national
Indebtedness which have soothed our
heavily taxed people and made them
content sine. March 4, 1869, form al
expoeutisl index to the report Of Mr.
Boutwell,. The receipts Of The fiscal
year ending with June lsst were SAIL.
25o, III and tho rXpendiiur's for the
same p-rlud $500 .653. $50, showing II
surplus of $lOl,6J .9l7, to be applied
TO tho reduction, oi the debt and the
crea ION of u sinking fund. under
the act Of February %. 1862 The
receipts Tor the first quarter Of the
present f'cal year have been Sllj-
l0l .23O, ani tho receipts OF tho re
n,~in'ng three quarters are estimated
~ $H4.0JJ,0J0. making q total Tor
the year OF $3.50. .lOl.230. The ex-
peuditures for the first quarter were
ss6. 1862 .920 Tor the rrm.in ny three
quarters they are es,im,tsd at S203,
5 600, making total tor the year
o. 81 )J,O62, 40. shoSins asirplns OF
probs' Q rec 'ipi- over expenditures Of
$50 ,o3S.3lO, sppiicatl' To the rednc-
ton OF the debt aud the cr-stioa Of
sinking fund.
Even with the law which went into
operation on the first oi Ottuber lat.
and shlch ~ materially reduced the
revenues aud lichrenr, the heavy
burden OF the Ia. .-rayrrs, VIZ will lr
a'le to wi,r Out SO, 90, $50, in
r'un'i Numbers. oi the pu,lc debt
during the pr"sent fiscal year. We
commend this fact To the Democracy
the croaiers 10 cur own party, and al
unbehever> in the financial stability
at the c"untry RepnbIicsn party
has abolished eighty milli N dol iars oi
taxes, and yet. in the very year this
act was manga aud put in pr,c-
trcs operation. Republican Admins
traton will abolish seventy million
al debt. ln the cont nplsIion oisuch
f.ures as these one can hardly r,-
IRAN fnm enthusiasm ant the Eai.
u,al American induul .cnce uf hyper
hule.
Ii is very prol able thst This ma .ni-
licfnt promise of Mr. Boutwell, will in-
spire aMill TURNER rcduction of tax.
"tion-s contingency he sppars /"
an'iclrs'e in hrs estimates OF the prob
''l- receipts and cxpendi,ur. for The
fiscal year ending with June, 1872
which he fixes respectively vt s39O,-|
$4,000, and $500 $3.50. .3l9, accordio.
% whrh 'hers ~,li be . surplus ii
slO,77s,6s9 applicable to the pay wru!
NJ the principal OF The debt in sLd'-
ti"n 10 payments made "a thsi ac'run'
through The sinking fund. Analysis
If the Expenditures hovever. deseL"rs
Iac's tending " sustain the 0pinio
that The balance will 10 larger than
appsr- from the shovr estimates
The war b~twern France nd Prus |
ia hes, IN MI sx'en, at p'svi".s
know. di'a'r.ged the isspo- sl' The
s"d rendered ougs,ory VI
I"i ortant sct Of Cong-e,a v,s: the
'unding bill of the lea, s~,sios. Tn
war loans forced upop the msrke,s of
London, Hamburg, end Fsstfort byi
sss'r~sHsAr-~