Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1872-12-04

/ perfectly, or procure for the occasion
the services of employees in foreign
business houses, or the interpreters Ia
other foreign ministers.
renew the recommendations made on
a previous occas on 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 depart
ment Of state is charged by law or GUS
tom.
OF DISTRESSED CITIZENS ABROAD
Congress, from the beginning of the
government, has wisely made provision
for the relief of distressed seamen in for
eiSn countries. No similar provision,
however, has hitherto been made for the
relief Of distressed citizens abroad other
than seamen. 1t is understood to be
customary with other governments to
authorize consuls to extend such relief
to their citizens or subjects in certain
cases. a similar authority and an ap-
preparation 10 carry IL into effect are
commended, in case of citizens of the
United States. destitute or sick under
such circumstances. 1t i we'll known
that such citizens resort to foreign couu-
tries in great numbers, though most of
them are able to bear the expense Incl
dent to lOcOmotion. There are some
who, through accident or otherwise. be-
come penniless, and have no friends at
home able to succor them.
Persons In this situation must either
perish or east themselves upon the
charity of foreigners or be returned at
the private charge OF our own officers,
who usually, even with the most benev-
olent dispositions have nothing 10 spare,
were such the purposes. Should the
authority and appropriation he made
care will be taken To carry the be-
~nihcence OF Congress into effect that il
be not unnec ssarily or unwOTthily be-
slowed.
THE FINANCEs-RECEIPTs AND EX-
PENDITUREs.
The money received and carried in
to the Treasury during the fiscal year
ending June 80, 1872, were: from
customs, S2l6. $40, 2S6 "a; from sales
of public lands, S2,575.71 10; from
internal revenue, $3.50, 642, III -
from tax on national bank circula-
ton, etc, Sc. 523. 396 80; from Pacific
railroad companies, $780, SCI 81; from
customs, fines, etc., 81. 1876, 432 81
from fees, consular, patents, land.
ETC.. 50, 2S4, 095 90; from miscellane-
Gus sources, S4,4l2.2 54 al. Total, or
binary receipts, 1854. 994, 229 81 from
premium on sales of coin, 50, 4l2.6 37-
65. Total net receipts, 1914, LOG, SS7 Sc
Balance i'm Treasury, June 80, 1871,
sos, 935. 705 50, including SIS 2S 81
received from unavailable snuTces.-
Total available cash, S4S4, 042, 5T3 IS.
The net expenditures by warrants
during the same period were for civ
il expenses, SIG, 1S9. O59 20: for foreign
interests, SIS, 4O9. 500 Il; Indians. ST.
O65. 72S 50; pensions, SIS, 0S3, 402 76
for military establishment, including
Qualifications, river and harbOr i'm
p'Ovements and arsenals, S35. $50, 49,
20; for naval establishments. inelud-
ing vessels and machinery and i'm
provements at navy yards. $50, 249,
500 SO; for miscellaneous civil, in
Guiding public buildings, light houses
and collecting the revenue, So. 95S.-
329 0S interest on the public debt,
Sill. 1851, S39 70; total, exclusive OF
PRINCIPAL and interest on public debt,
$50, $50, 695 81 /; for premium on bonds
purchased 81, 95S, 266 IS; for redemp-
ton of the public debt, 50, 996 OBS, 354,
total, Sl66, 9lS, $50 30; total net dis.
bursements, 1877, AS. PIG 81; balance
in Treasury, June so, 1872, SIS. 564,-
256 "a; total, S4S4 ,O42, 573 Is.
From the foregoing statement it ap,
pears that the net reduction of the
principal of the debt during the fiscal
year ending June 80, 1872. was S99,
$50, 253 Ga. The source of this reduc.
ton is as follows: Net ordinary re.
ceipts during the year, S36, 1853, 229 81
net ordinary expenditures, including
interest on the public debt, S270. $50,
695 81; total, $94, l34, 534-00 Add ann
of receipts from premium on sales o
gold in excess of the premiums paiC
on bonds purchased. 81, 454, 470.S9
add the amount of the reduction o
the cash balance at the close Of tn
year, accompanied with the same q
the commencement of the wear, So,
81, 1856; total 800, $3.50, 25G "a. Thi
statement treats solely of the pr1nci
pal of the public debt. By the month
ly statement of the public deqt, whiel
adds together the principal and inter
est due and unpaid and interest &C
crued to date, due, and deduct tn
cash In the treasury, as according oil
the day Of publication the reduction
was 500, 544. 49l. is. The source o
this reduction is a. follows: Reduc
ton in principal account. 500 $50, 05S.
"a; reduction in unpaid interest &C
G. unit, $3.50. 952 Sc total, Sl03, $50.
$50 so: reduction in cash on hand
81, T46, 465. %; total, 500, 5i4. I91. %
On tine basis of the last table tn.
statements show n reduction of tn
public debt from the Ist of March
1869, to the present time as fOllOws:-
From March /, 1869, TO March l. 1870
SS7, l34, 7S0.S4; from March /. 1870. L
March l. 1871, $ll7. 679, $50. 25; from
March l, 1871, tn March l, 1872, S94,
S95 .34S. "a; from March l, 1872, to No
vember /, 1882. eight months, $64, 047
2S7 81; total $3.50. Sc, 999.S7.
With the great reduction of taxation
by the acts Of congress al its last session
the expenditure of the government II
collecting the revenue will be much re
dueed for the next fiscal year. It is YER
doubtful, however, whether any turtle
reduction of so vexatious a burden upOl
any people will be practicable for tn
present. At all events, as a measure @
Justice to the holders of the nations Ger
tihcates ofindebsedness, l would recon
mend that no more legislation be had Of
this subject, unless il be 10 correct error
of omission or commission in the presen
laws, until sufficient time has elapsed {
prove that il can be done and still leav
sufficient revenue to meet the curren
expenses of the government, pay th
interest on the public debt. and provid
for the sinking fund established by law
The preservation of our national credi
is of the highest importance. Next il
importance to this ome a solemn dut.
to provide a national currency of
fixed, u~nvarying value as compared " III
gold, and as Don as practicable, havin.
due regard for the interests Ofthe debtO
class and the vicissitudes of trade an
commerce, and convertible into gold a
par.
WAR DEPARTMENT.
The report of the Secretary of Wa
shows the expenditures of b War DE
partmeui for the fiscal rear ending Jun
80, 1871, to be sS5, 799, 99I 81; aud for th
fscal year ending June 80, 1872, To b
SS5. 372 I5T 20, showing a reduction il
favor OF the last fiscal yearof 1927, S34 z
The estimates for military appropriation
for the next fiscal year, ending June 81
1874, are s.. $50, 1877 IS. The estimates G
the chief of engineers are submitte'
separately for for Qualifications, river an
harbor improvements, and for publ
buildings and grounds, and the Wash
ingtou aQueduet. The affairs Of tn
freedmen's bur eau have all been tram
ferred to the War Department, and ID
regulations have been put into execution
for the speedy payment of bounty du
eolorad soldiers. prODerly coming unde