Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1872-12-06

revenue, Z,90S, 329.Uo; interest," ON the pup
lie debt, SIT, 357, S39.72. Total, exclusive o.
principal and premium on public debt, $270,
559, 695 81; for premium on bonds purchased
Sc, 95S, 766.76; for redemption of the public
debt, 800, 960, 253. 81; total, S106,9lS, $50 80
total net disbursements, THAT'S, PIG 81; bal
ance in Treasury, June 50, 1872, $106, 564, $780,
"a; total, $484, Oh, 573. 10.
From the foregoing statement it appears
that the net reduction of the principal Of
the debt during the fiscal year ending June
80, 1872, was 500, 800, 253 81. The source OF
the reduction is as follows: Net ordinary
receipts during the year, 1864, 694 ,229. 81; mel
ordinary expenditures, including interest on
public debt, $270, $50, 695.91; total, 1914,
134, 534. Add amount of receipts
from premium on sales of gold, in
excess of the premiums paid on
bonds purchased, 81, 454, 470.S9; add amount
of reduction of the cash balance at the close
of the year, accompanied with the sales at
the commencement of the year. S., 81, 34S. 65
total, 500, 1850, 1858. 81. This statement treats
solely of the principal of the public debt.
By the monthly statement of the public
debt, which adds together the principal and
interest due and unpaid and the interest &C.
crued to date due, and deducts the cash in
the Treasury, on the day of pub
The source of this reduction is as follows
Reduction in principal account, 500, 1850, 0O9.-
81 reduction in unpaid interest account,
Sc, 33O, 952 90; total, 103, 200, $50 95. Reduc-
tion in cash on hand: S2,746, 465. %; total,
$lO0, 544 ,491.26. On the basis of the last
table the statements show 3 reduction of
the public debt from the LIST of March, 1869,
to the present time as follows From
March 1, 1869, to March 1, 1870, S87, 1874, 1872
"a: from March 1, 1870, to March l, 1871,
1919, 63O25; from March /, 1871, to
March 1, 1872, 1914, sos, 34S "a from March
/, 1872, to November /, 1872, eight months,
1854 ,047 ,237. S4. Total, 1868 SOC, 999.s7. With
the great reduction of taxation by
the acts of Congress at its last last
eminent in collecting the revenue will
be much reduced for the next fiscal year. 1t
is very doubtful, however, whether any
further reduction of SO vexatious bur then
upon any people will be practicable for the
present. At all events, as measure of JUS
tice to the holders of the nations certificates
of Indebtedness, would recommend that
no more legislation be had on the subject,
unless it be to correct errors OF omission or
commission in the present laws, until suffi-
cient time has elapsed to prove that it can
be done and still leave sufficient revenue to
meet the current expenses of the Govern
ment, pay interest on the public debt, and
provide for the sinking fund established by
law. The preservation of our national
Cr6U1b Is OIL GuG lHlpUfbduCC. NcAb
in Importance to this comes solemn duty
to provide national currency of fixed, I'M
varying value as compared with gold,
as soon as practicable, having due regard for
the interests of the debtor class and the vi
cissitudes of trade and commerce, and con-
vertible into gold at par.
The report of the Secretary of War shows
the expenditures of the War Department
for the fiscal year ending June 80, 1871, to
ho fnrt q H.
ing June 80, 1872, to be $35, &c.,
1920 showing reduction in favor
of the last fiscal year of 1927, 1874 60.
The estimates for military appropriations
for the fiscal year ending June 80, 1874, are
So, $3.50, 49,, S79. The estimates of the
Chief of Engineers are submit
ted separately for fGrtc1ti9 on
public buildings and grounds, and the
Washington aqueduct. The affairs
of the Freedmen's Bureau have
all been transferred to the War De-
partment, and regulations have been put
into execution for the speedy payment of
bounty, pay, ETC., due colored soldiers,
properly coming under that bureau. All
to 1871, have been examined and transmitted
to the Treasury for final settlement.
During the fiscal year there has been paid
for transportation on railroads 81. 800, 900. of
which $50, 857 was over the Pacific railroads;
for transportation by water, $6e6, 1882,
and by stage, $4S, 1854, and for the pur
chase of transportation animals. wagons,
hire of teamsters, ETC., ETC., 1924 ,650.64.
About $4,000 have been collected from
Southern railroads during the year, leaving
about 50, 900, 600 still due.
The Quartermaster has examined and
to the Accounting officer for
settlement 1867, 172.72 of claims by loyal
citizens for quartermaster's extras taken
during the war. Subsisting supplies to the
amount of $500, 812 have been issued to
Indians. The annual average mean strength
of the army was "a, 210 white and 2, 494 col
ored soldiers The total deaths for the
year reported were 367 white and "a colored.
The distribution of the medical and sur
gical history of the war is yet to be ordered
by Congress. There exists an absolute ne
cessity for medical corps of the full num-
Der established by act of Congress of July
2Sth, 1867, there being now SO vacancies,
and the number of successful candidates
rarely exceeds 8or 10 in any one year.
The river and harbor improvements have
been carried on with energy and economy,
though many are only partially completed.
The results have saved to commerce many
times the amount expended. The increase
of commerce, with greater depths OF chan
nels, greater security in navigation, and the
the country and increases the resources of
the Government.
The bridge across the Mississippi River at
Rock Island has been completed, and the
proper site has been determined upon for the
bridge at La Crosse.
The able and exhaustive report made by
the Commission appointed to investigate the
Sutro Tunnel has been transmitted to Con-
gress.
oF %ho ;ory1o oil
Office have been continued. Stations have
been maintained at each of the prin-
cipal lake, sea port and river
cities. Ten additional stations have
been established in the United States,
and arrangements have been made for ex-
change of reports with Canada, and SINH
lar exchange of observations is contem-
plated with the West India Islands.
The favorable attention of Congress is in
vited to the following recommendations OF
the Secretary of War: A discontinuance of
the appointment of extra Lieutenants to
serve as Adiutants and Quartermasters; the
adoption of code providing specific pen
alties for well-deined offenses SO that the
inequality of sentences adjudged by court
martial may be adjusted; the consolidation
of accounts under which expenditures are
made, as a measure of economy; reappro'
priation of the money for the construction
of a depot at San Antonio, the title to the
site being now perfected; a special act pfacc
ing the cemetery at the City OF Mexico on
the same basis as other national cemeteries;
authority to purchase sites for military
posts in Texas; the appointment OF Comn rs
sary Sergeants from non-commlssloned ON
GERS as a measure for securing the better
care and protection of supplies; an appro:.
priation of the catalogues and tables of
the anatomical section of the army medi.
cal museum: appropriation of
the amount for the manufac-
ture of breech-loading arms, Should
the selection be SO delayed by the board OF
officers as to leave the former appropriations
unexpended at the close of the fiscal year !;
the sale ofssuch arsenals east of the Missis-
sippi as can be spared, and the proceeds ap-