The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1872-12-13
PROPOSED TRANSFER,

on q previous occasion OF the transfer to
the Department Of the Interior, to which
they seem more appropriately to belong.
of all the powers and duties IN relation
to the Territories, with which the De
partment Of State is now charged by law
or by custom.
AMERICANS ABROAD.
Congress, from the beginning of the
Government, has wisely made provision
for the relief Of distressed seameu in
foreign countries. No similar provision.
however, has hitherto been made for
the relief of citizens in distress abroad
other than seamen. It Is understood
to be customary with other Governments
to authorize COnsuls to extend such re-
lief to their citizens or subjects in GER
tain cases. A similar authority. and an
appropriation to carry it into effect, are
recommended in case of citizens of the
United States, or sick under such cir
cumstances. It is well known that such
citizens resort to foreign countries in
great numbers, though some of them are
able to bear the expenses incident to 10
cOmOtiOn. There are some, through
accident or otherwise, who become pen
niless, and have no friends at home able
to succor them. Persons in this situa-
ton must either perish, cast themselves
upon the charity of foreigners, or be
relieved at the private charge of our
own officers, who usually, with the most
benevolent disposition, have nothing to
spare for such purposes. Should the
authority and appropriation asked for be
granted, care will be taken to carry the
benefcence of Congress into effect, that
it shall not be unnecessarily or unworth-
lily bestowed.
THE TREASURY.
The money received and carried into
the Treasury during the fiscal year ending
June 80, 1872, were from customs $780,
$40, ,286. II; from sales of public lands,
50, $50, ,714.19; from internal revenue,
$13, 142, ,177. u; from tax on national bank
circulation, etc, So, ,523, 1876. 80 from
Pacific Railroad companies, S749, ,S61. 81;
from customs, fines, etc, 81, 136, 40. "a;
from fees, consular, patents, land, etc,
s., ,284, ,097. 90 from miscellaneous sour
ces, 81, ,412, ,254. II; total ordinary re-
ceipts, 1864, 1874, ,229. 81 from premium
on sales of coin, SO, ,412, ,637. IS; total
net receipts, 1914, LOG, i ,837. 56; balance in
Treasury June 80, 1871, $109, 935, 705,-
50, including 1882, ,228. So received from
unavailable; total available cash $484,-
062, ,572.15.
The net expenditure, by warrants
during the same period were for civil
expenses, $16, ,1S9, ,059. 70; for foreign in
terests, SIS, 1863, 400. IA Indians, 81, O65,-
8.82; pensions, $28, ,533, ,4O2. 76; for
military establishments, including forti-
ficatiOns, river and harbOrimprOvements
and arsenals, $35, ,378, 1920; for naval
establishments, including vessels and
improvements at the navy yards,
81, ,249, 800. 80; for miscellaneous, civil,
including public buildings, light
houses and collecting the revenue, 49,
958, ,329. .0S; interest on the public debt,
81, 1897, ,S39. Y total, exclusive of prin-
cipal and premium ON the public debt,
$270, 559, ,695. 81; for premium on bonds
purchased, 81, 958, 266. 76; ; for redemp-
ton of the public debt, 500, 960, ,253. 81
total, S1O6, 91S, $40. 80; total net dis
bursements, $377, ,47S, PIG 20; ; balance in
Treasury, June 80, 1872, $1S, ,564, ,456. 81;
total, $s484, O42, ,573.15. From the fore
going statement it appears that the net
reduction of the principal of the debt
during the fiscal year June 80, 1872, was
S99, $50, ,253. "a.
The source of this reduction is as fol-
lows: Net ordinary receipts during the
year, 1854, 694, ,229 81 net ordinary expen-
ditures, including the interterest on the
public debt, $27O, $50, sos. 81. Ttoal,
$941 ,134, ,534. Add amountreceived from
premium on the sales of gold, in excess of
the premium paid on bonds pur-
chased, 81, ,454, ,47O.S9; add the amount
OF the cash balance at the close of the
year, accompanied with the same at the
commencement of the year, 81, ,331, ,334.
Total 500, $50, 253, 81 This statement
treats solely of the principal of the
public debt. By the monthly statement
ii. 1-.T,+ !
the principal and interest due and un-
paid, and the interest accrued to date,
due, and deducts the cash in the Treas
ury, as accruing on the day of pulbica-
ton, the reduction was 800, 544, 491. %.
The source of this reduction is as fol-
lows Reduction in principal account,
500, $50, ,003 54; reduction in unpaid in
terest account 3, $50, 952. 96 total, $1O3,-
290, $685. so; reduction in cash ON hand,
81, TAG, ,465 %. Total 800, 544, 491 2S.
On the basis of the last table the state
ments show a reduction of the public
debt from March l, 1869, to the present
time as follows: From march l; 1869 to
March, l, 1870, S87, ,134, 1922 81 from
March l, 1870 to March 1, 1871 $117,-
619, 630.25; from March l, 1871 to
March 1, 1872, S94, ,895, ,348. "a; from
March l, 1872 to November, I, 1872,
eight months, $64, ,O47, ,237. 81. Total
1868, 696, ,999.87. With the great reduc-
ton of taxation, by act of Congress at
its last session, the expenditure of the
Government in collecting the revenue
Will be much reduced for the next fiscal
year. It IS very doubtful, however.
whether so vexatious a burthen upon
the people, viii be practicable at pres
ent at all events, as q measure of ius-
Zoo 10 I,r,I.l IS
tificates of Indebtedness, I would re-
commend that no more legislation be
had on this subject, unless it be to cor
rect errors of omission or commission
in the present laws, until sufficient time
has elapsed to prove that it can be done
to meet current expenses of the Gov
ernment, pay the interest on the public
debt and provide for the sinking fund
established by law. The preservation
of the national credit is of the highest
importance. Next in importance to
this, comes a solemn duty to provide
national currency of fixed unvarving
value, and as soon rs practicable. having
due regard for the interests of the
debtor class and the vicissitudes of
trade and commerce, and convertible
into gold at par.
The report of the Secretary of War
shows the expenditure of the War De
partment the fiscal year ending June 30,
1871, to be S35, 799, 991 80, and for the
year ending June 80, 1872, to be S35,-
372, 1920, showing a reduction IN favor
of the last year of S427, ,S3462; the es-
Inmates for military appropriations for
the next fiscal year ending June 80.
1874, are SD, ,SOI, ,37S, ia.
The estimates of the Chief of Engi-
neers are submitted separately. forti-
fications, rivers and harbor improve
ments, and for public building grounds