Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1872-12-12

For civil expenses. .......,.,...S 10, lS9,Ui9.TU
For foreign interests ,......... IL, IVY 5o9.l4
Indians 1905, 1882
Pensions ................... Is, 533, 402. 76
For military establishments, in
Guiding fortifcations, river
and harbor Improvements and
srsenals. Observation-Disclosures. 3o,3fZ, lonZU
For naval establishments, in
Guiding vessels and machinery
ard improvements at navy
yard, .............., Il, -i5, SoJ.JJ
For miscellaneous civil expendl-
lures, including public build
iugs, lighthouses and collect
ing the revenues. ............ 4Z,9oS, 3z9.Uo
Interest on the public debit. 1857 ,S39.I2
Total, inclusive of principal on
public debt. .,..'........... 27O, $50 ,695,9l
observation-disclosures. 1858, 1861
debt, Naturalization. 80, 960, 2O35 "a
Total observation-disclosures OS 9lS. 500. 80
Total net disbursements. 377, AIS ,2l6.2l
Balance in the treasury June
3oth, 1872 ................... 1864, 1864
Total. 1881 ,042, 573.15
PUBLIC DEBT.
From the foregoing statement 1t appears
that the net reduction OF the prIncl-
pal of the debt during the fiscal year ending
June 30 1872, was 500 800, 253.4.
Tho source of the reduction is as follows:
Net ordinary receipts during the 900 =,
yesr.......... ...... s3G4 694 900. 81
Net ordinary expenditures, In
Guiding interest on public debt 2T0, 5o9, 69o. III
Total. Observation-Disclosures. s9I, 1874, 534,0 90
Add the amount of receipts from
the premium on the sales of
gold in excess of the premium
paid on bonds purchased So. 81 454, 41OS9
Add amount of the reduction of
the cash balance at the close
of the yel IT, accompanied with
sale at the commencement OF
the 1891, 34S. IS
Total. ............. 800. S99, you, 253 "a
This statement treats solely OF the principal
of the public debt. By the monthly state
ment of the public debt which adds together
the principal and interest due and unpaid,
and interest accrued to date, duo
and deducts the cash IN the Treasury as
recorded on day of publication, the reduction
was 500, 544 49l 2S. The source of this reduc
ton is as follows:
Reduction in principal account s $500, 003 "a
Reduction in unpaid int. acct. $3.50, 95296
Total .S103, 900, $50 50
Reduction in cash on hand. 2,746, 465 %
Total. $780, 544 ,491 IS
On the basis of the last table the statements
show reduction of the public debt from the
1st of March, 1869, to the present time as fol
lows:
From March 1.t, 1869, to March
From March LIST, 1870, to March
From March 1st. 1871, to March
LIST, 1872. ................... 94,S95, 34S "a
From March 1st, 1872, to No
vember LIST, 1872, MONTHS. 64,O47, 81
Total. ....,...- ......... 1905, o9o,3J o.
With the great reduction OF taxation by the
acts of Congress at its last session, the eX-
pendlture OF the government in collecting the
revenue will be much reduced for the next fis-
cal year. 1t is very doubtful, however.
whether any further reduction OF so
yexatious a burden upon any people
will be practicable for the present
At all events, AS a measure of justice to the
holders of the nations certificates of lndcbt-
edncSs. | would recommend that no more
legislation be had upon this subject, unless It
be 70 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 the interest
on the public debt, and provide Tor the sinking
fund established by law The preservation OF
our national credit is OF great importance.
Next
duty to provide a national currency OF fixed
ugvarving value as compared with gold, and
as soon as practical. having due regard for the
interests of the debtor class and the vlcissl-
tudes of trade and commerce, and convertible
into gold at par
THE WAR DEPARTMENT.
The report of tho Secretary Of War shows
the expenditures OF the War Department, for
the fiscal year ending June 30th, 1871, TO be
.,- -ln ~ n ,,,l f,,t tti,tfr
june 30th, 1872, TO be S35. 372 1920, showing
a reduction in favor of the last fiscal year OF
s427 S34. g. Estimates for military apprOprla-
tons for the next fiscal year ending June 80,
1873, are s33, sol .37S7S. The estimates OF the
chief Of engineers are submitted separately,
for iortihcstious and river and harbor improve
ments, and for public buildings aud grounds,
and the Washington acqueduct The affairs OF
the freedmeu's bureau, have all been trars-
ferred H. the War Department, and reSula-
tons have been put into execution for the
speedy payment of bounty pay, &c. due
10 cOlOred soldiers properly coming
under that bureau. All war accounts TOR
money and property prior to 1871 have been
examined and transmitted To the Treasury Tor
final settlement. During the fiscal year there
has been paid for transportation on railroads.
$3.50 UOQ ufwhch. $50, S51 was over the Faclhc
railroads. For transportation by water So
2G3 75l and by stays 81 S97, 5SA, ana Tor the
purchase Of transportation animals, wagons,
arc If tGaWstgrs, &c,, 81 100 uuf' ABOUT
$50 GOO have been collected tom southern
railroads during the year, leaving ABOUT sd
O0O 600 stiil cue.
The Quartermaster has examined and trans
fnittgd To the accounting ofhta for settlement
sS6 III. 2q2 Of claim. by loyal citizens tor
Ouarfrrmastar's stores taken during th" war.
SnbSl,tiug supplies 20 the alAnLt ot Se-aet,-
So have been issued 10 indians. The annual
average mean strength Of tne army was 242lg
. q ia. p. ~