Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1872-12-03


ton, Sc, G,523sss 50
Pacific Railroad Companies .4os6l 81
Commissions, lines, &C., l.l35,44s "a
fees, consulates, patents, &c, 2s+,Go w
miscellaneous sources, 4,4i2,2oi IL
Total ordinary receipts, 364, go, 229 81
From premiums on sales OF coin 9,il2 G37 65
Total net receipts 37l,lo1 81 %
Balance i'll the treasury June 50, ISL,
including SIS, 50 received from
'uuavailable" lo9,s}5 iU %
Total available cash l,o42 j13 Il
EXrE.piluHts.
For Civil Expenses, sI6,ls9 oj9 70
' Foreign intercourse l,o3S319 4
Indians, 1,Wll2s :!
Pensions . 5}3 402 g
Military fstab!is nInenI. l.eiajIbg
Qualifications, River and Harbor
Improvements and Arsenals. jJ,G1Z 10. 20
Nayal Establishment, Including
Vessels and Machinery, and i'm
provements at Navy Yards, 2l,l 1850 80
Miscellaneous Civil, including
rublic Buildings, Lighthouses,
collecting Revenue, ISIS ,329 q.
Interest on Public Deo', I'll ,351,s $50 q
Total, exclusive Of Principal and
Premium o. Public Debt, go a59,o91 81
For Premium oil Bond purchased, 1926 10
g Redemption Of Public Debt 99,gfO2o3 81
fetal for Debt. lo69ls $40 so
Total Net Disbursements 3,1t.s,2i1 81
Balance in the Treasury Jane
| 50, l-1Z isJoi 511 VI
Total 4si ,0l2 5.3 10
From the foregoing statement it appears
that the net reduction of the principal of the
debt during the fiscal year ending June so,
1872 was 500 go, 253.54.
The sources Of the reduction as follows
Net Ordinary Receipts during the
wear, 1854 Gti ,1l9 81
Net Ordinary Expenditures inc,ud-
ing interest on the Public Debt 2i05a9.GD 81
Total amount Receipts over
Expenditures, 9,l2l ,j3t ~
Add amount received from premi-
uIns on sales of Gold in excess ct
premiums paid on Bonds pur-
chased, 41I SO 50
Add amount of Reduction OF Cash
balance at the close Of the year,
It's compared tn the same ut
the commencement OF the year, sS.l,sis CO
Total $3.50 253 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
interest accrued TO date, due, and deducts the
cash in the treasury as ascertained on the
day of publication. The reduction was $780,
5i4, 1928. The source Of this reduction
was AS follows
Reduction in Principal Accounts, s09,95O,oO3 81
Unpaid Interest Ac-
counts $3.50 952 90
Total lO3 200 $50 SO
Reduction in Casu On hand, 2,74G,4G5 p
Total, $780, 44,4gl IS
On the basis of the last table the statement
shows reduction of the public debt:
From March /, 1899 10 March l. 1870, sszl3a,5s2 81
- ~
1872, teight months) 64,O47 ,237 81
Tctnl. s363 o96 ,o99 81
With the great reduction of taxation by the
acts of Congress at its last session, the ex-
pendtures Of the government in collecting
the revenue will be much reduced for the
next fiscal year. 1t is very doubtful, how
ever, whether any further reduction of so
yeXatious burthen upon any people will be
practicable for the present. At ali events, as
measure of justice to the holders of the ma
TONS certificates of Indebtedness, would re-
commend that no more legislation be had on
this subject, unless it be to correct errors of
omission or commission in the present
laws, until sufficient time has elapsed
to prove that it can be done and still
leave sufficient revenue to meet the
current expenses of the government, pay in
terest on the public debt, and provide for the
sinking fund established by law. The pres
eryation of our national credit is of the high
est importance. Next in importance to this
comes n solemn duty to provide national
currency of fixed, unvarying value compared
with gold, as soon as practicable, having due
regard for the interests of the debtor class
and the vcissltudes Of trade and commerce,
convertible into gold at par.
WAR DEPARTMENT..
The report OF the Secretary of War shows the
expenditures of the war department for the fis-
cal year ending June 30th, 1871, to be S35, 799,
9slso and for the fiscal year ending June
s0th, ls7e, to be $50. s72, l57 20, leaving re-
duction in favor Of the last fiscal year OF
sf27. s34.62. The estimates for military APP
ps0pfIations for the next fiscal year ending
June Goth, 1874, are S33, sol ,37S.7S The
estimates Of the Chief Of Engineers are sub
mittsd separately for Notifications rivers
and i-afl,Jr Improvements, and for public
buildings. grounds and the Washington ac-
.e1uct- The affairs Ci the FreedneB's BG-
Iean have al been transferred 10 ihe War De-
pzrfngef', and ~ equations have been pa. into
execution ior speedy payment Of bounty pay,
&c.. e-e coiofed sol9isrs properly coming
unlsr thai ttrssa. All tie war accounts fgr
me8sy All properly yri0r 10 1911, have been
exzra4nssl. zni tFaD8ssisted 70 the uess1ry .or
Aaai seirlssnsSs- D2fisg toe Aseal gear t;ssr =
LA teen pad isT ifsEspor,atSoa Oh rsslrssds
81 ms S9. ri - i4lesg Ss1tJs III vac cssr tie
/. Rslszs Tss3rDS3. i0F ,sxssyqrl2sj0s by water
s6zg .31.-5z, sl9 " tisgs So ,9T5-ss. snS fYr
sts y4reiAsss ~ i'aBfposssfaga. apiuals
psgSssse i.1fs u lsAasstess. A., 81, aezs
TN til
At1gS ss-@ mn ha9s besu cg9ieeteg tfoaa
ss8as2ssE rssarSa9s egr,RS tae year. ~ ths
sas-s1f ID ~ sDpJ, y31 sasli DOE, the quarter.
sz2ssst t.ss ezaMsas5 sfsd transmitted H. tGs
sttlsy eEseer tor seti.Yfss1t s$GT, ~ n q
esz..1s ~ lpgsi eliizsns igf g2sftsrmas.srs
.tDf re. ts<kn listing TX var sabsisteDpe
sappi.es - the s1ssBns u ss1 ,Dse u have
seen ssts.eI 70 iAs loGisns Tie annual ay-
erzye, mean ssssggsa ~ ibs army vac u lDl
shire and Z}3s e9l9ys4 s9liisrs. The total
3eaEAa f3r he yess rsyosied psrs 5g7 white
Aal e coIered. Ths dlsinbHison II die
medical aaJ surgical hssiDfy Of tse war is ys,
% 10 ordered iy Congress There exi,ts an
aFsoiute necessity for medical c9rps " the
luli number established ~ an act u Congress
OF July =, 1866, there being now % yscan-
ces, and the number Of successful candidates
rarely exceeds or 10 any one year. The riy-
or and hsrbor improvements have been carried
on with energy and economy. Though many
are only partially completed, the result. have