The Rock Island daily Argus. [volume] (Rock Island, Ill.) 1872-1873, 1872-12-03

great NUMBERS, and though most OF them
are able to bear the expense incident to
locopotion, there are some who through
accident or otherwise became penuiless
aud have no friends at home able to se-
cure theiu. Persons in this situatian
must either perish, cast themselves upon
the charity of of foreigners, or be relieved
as the private charge of onr own officers
who usually, even with the most benevo-
leht dispositions, have nothing to spare
for such purposes Should the authority
and appropriation asked for be given,
care will be taken to carry the beni6cenca
of congress into effect so that it shall not
be unnecessarily or unworthlly bestowed.
THE TREASURY.
The money received and carried into
the Treasury during the fiscal year end
ing June 10th, 1872, were, from customs
$2l6, $40, 2S6.77, from sales of public
lands 81 575.7I4 10; from internal reye-
nue. Sl30, 642, l77,72. from tax on nation
al bank circulation, &c., Sc, ,523. .376 SO;
from Pacific railroad company $749, SOL,
ST; from customs, fHes, &s.. q, 1885, 442-
"a; from fees, consular, patents, lands,
&c, 2,284 ,095. 90; from miscellaneous
sources "a, 4l2, ,254.7I. Total ordinary
receipts 1864, ,694, 2299l From premi-
ums ON sales of coin $9,4l2, ,637.65. To-
tai net receipts 1914, LOG, S37,56. Balance
il the Treasury June Both, 1871, $l09,
935,70; including $lS,228 35 received
from unavailable, total available cash
S4S4 ,042, 573.I5. The expenditures by
warrants during the same period were for
civil expenses $l6, ,lS9. .079, 70; foreign
interests $lS,409, 1863 H. Indians ST.
065, 726. 81; pensions $2S, 533, ,402 10; for
military establishments, including tortifi-
cations. river and harbor i'm
provemeets and arsenals, $35, 1872, ,557.20;
for naval establishments, including yes
sells and machinery and improvements at
navy yards, $2I ,249, ,809. 80 for miscel
laneous civil, including public buildings,
light houses and collecting the revenue,
$42, 95S, 329 0S ihteres: on the public
debt, SLY, 357, ,S3972 Total, exclusive
of principal and premium on public debt,
1910, ,559, 1851. For premium OF bonds
purchased, 81. 95S, 766 70; for redemp-
ton of the public debt, 500, $50, 253 54;
total, $l06, ,0lS, $50 80. Total net dis
bursements, S377.475, ,2l6 q. Balance
10 Treasury, June 3Oth, 1872, SIS 564,
1856 94. Total, $4S4 4,O42, ,573l5.
From the foregoing statement 1t ap-
pears that the net reduction Of the prin-
cipal OF the debt during the fiscal year
ending June Both, 1872, was s99, ,960,
253, 81. The source of the reduction Is
as follows: Net ordinary receipts dur
ing the year, 1884. .694, 229, 81 ; net ordin-
ary expenditures, including interest on
the public debt, $27O, 559, 695 81 total,
I $94, ,i34, 52400. Add the amount of
receipts from premium on sales of gold
Z in ayl1 o4 skE. t1r rad k.anla
purchased, $2,454, ,47089 Add the
amount OF a redueuon of the cash bal
ance at the close of the year accompanied
/ with sale at the commencement OF the
/ year, 1887. 34S. 65. Total, $9g, 900, 252. 54
! This statement treats solely of the
principal of the public debt by the month
( ly 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 according on the day of pubii-
cation the reduction was $40 054 449, %.
The source of this reduction is as follows:
Reduction in principal account $99, ESQ.,
003. "a reduction in unpaid interest
account S3, $50, 952 90 +; total $l03, 290,
$50 80 Reduction in cash on hand
S2,746, 465 % total 800, 544, 1928.
On the basis of the last table the state
ments show reduction Of the public
debt from the Ist of March 1869, to the
present time as follows From March
lst, 1869, TO March lSt, 1870, SS7, ,l34,-
7S2. 81 from March lst, 1870, to March
lst, 1871, $Il7, ,6l9 $50, 25 from Mach
LIST, 1871, to March lst, 1872, S94, S95,-
34S 81 from March lst, 1872, to No
vember lst, 1872, eight months, $64,-
LOAF, 237 "a; total. $363, 696, 999 81.
With the great reduction of taxation
by the acts OF Congress at the last ses-
sion the expenditure of the government
IN collecting the revenue will pe much
reduced for the next fiscal year. 1t is
very doubtful, however, whether any
further reduction of so vexatious a bur
then upon any people will be practicable
for the present At all events as a
measure oil Justice to the holders Of the
national certificates OF Indebtedness |
would recommend that no more legisla-
ton be had apon this subject unless it be
to correct errors of omission or commIs-
sion in the present laws until sufficient
time has elapsed to prove that IL can be
doue and still have sufficient revenue to
meet the current expenses of the govern-
ment, paying interest on the public debt
and provide for the sinking funds estao
lIshed by law. The preservation of our
national credit is Of the highest import
ance Next in Importance to this comes
solemn duty to provide national cur
rency of fixed and unvarying value as
compared with gold, as soon as practical
BILE, having due regard for the interests
of the debtor class and the viclsSitudes
Of trade, and convertible into gold at par.
WAR DEPARTMENT
The report Of the Secretary of War
shows the expenditures of the War De
partment for the fiscal year ending june
30th, 1871, to be $33, 7q9, ,99l.S2, and
for the fiscal year ending June 90th,
1872, to be $35, 3T2, ,f57 20, showing a
reduction in favor of the last fiscal year OF
$42T. .SS4 e. The estimates for military
appropriations for the next fiscal year
ending June 30th, 1872, are s33, sol, ,3TS.-
rs. The estimates OF the chief of engi
neers are submitted separately for FORTH
cation and harbor improvements aud fol
public buildings and grounds and the
Washington aqueduct.
: The affairs of the Freedman 5 BureaJ
have all been transferred to the Wal
Department and regulations have beer
7 put into execution for the speedy pay
/ ment of bounty, pay, &c, due coloreC
r soldiers properly coming under tha
bureau.
All war accounts for money and pro
perty prior TO 1871 have been examined
q and transmitted to the treasury for fna
3 settlement
e During the fiscal year there has bee
) paid for transportation on railroad
, Sl30,000 of which $50, ,S57 was over tn
t Pacific railroads for transportation b
+ water $626,3 ,372 50, and by stage S4S. 81 5,
e S4, and for the purchase of transports
. tior animals, wagons. hire oS teamster.
n &C., 1921, $50 IA. About $210 coo hav
y been collected from southern railroad
e during the year, leaving about $4,000,
J. 900 still due
% The Quartermaster has examined an
is transmitted to the accounting officers fo
20 settlement $50, 6l7 272 of claims by 10y,
J. citizens for quartermaster stores take
i during the war. Subsistence supplies I
'r the amount Of Ss 9o4, SIP have been il
10 Tndsans