Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1872-12-10

The source of the reduction is as follows
Net ordinary receipts during the year.
1864 ,69i, ,229.9l; net ordinary expenses,
including interest on public debt, $210..
$50, ,695.9l. Total, S94, 1874, ,534.00. AL.
ditonal amount received from premium
on sales of gold in excess of the premium
paid on bonds purchased, S2.454.370.S9
additional amount of reduction OF cash
balances at The close of the year, accom-.
pansd with The same at the commence
ment OF the year, S3,37l ,3j8.65. Total,
500 960, ,253.54. 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 rs aseertained OH the day
of publication, the reduction was, $780,.
54f. 1928. The source of this reduction
was as follows:
Reduction in principal account, s9g,95O,O355i
Reduction In unpaid interest account, S,S3O,so!W
Total, sIOs s,2so, ,as6.5O
Reduction in cash on hand, 2,aG,l6532
Total, slO0,5 i0i.25
On The basis OF the last table the State.
meuts show reduction oil the public debt
from March 1st, 1869, to March lst, 1870,
$S7, ,t34 1872 81; from March lst, 1870. 10
March 1st, 1871, Sly 1919. 9.63026; from
March lst, 1871. TO March 1st, 1872. $9I,.
S95, 3iS.95; from March lsl, 1872, TO Nov.
lst, 1872, (cight months) $64,0F ,237, 81;
total, 1868, COG, ,999.S7. With the great
reduction Of taxation by Congress ut IT'S
last session, the expenditure Of the gov
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 meas
ure ~ Justice to the holders OF the M.
TONS certificates of indebtedness, would
recommend that 40 more legislation he
| had on the subject, unless it he 10 correct
orrols of omission and 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
expenses OF the government, pay interest
on the public debt and provide for the
sinking fund established by law The
preservation of our national credit is OF
The highest Importance.
Next in Importance 10 this comes
solemn duty to provide
NATIONAL CURRENCY
Of fixed. unvarying value Us compared
with gold as soon as practicable, having
due regard for the interests Of the debtor
class and the vicissitudes of trade and
commerce, convertible into gold at par.
wAR DEPARTMENT.
The report of the Secretary Of War
shows the expenditures OF tho War De-
pariment OF the fiscal year ending June 30,
ISL, to be S35, ,799, ,99l.S2, and for the
year ending June 80, 1872, to be S35,372,.
l57 20, leaving reduction in favor OF the
last fiscal year Of 1927 ,S3iG2. The es,i-
mates for military appropriations for the
next fiscal year ending June 80, 1873, are
S33, sol, ,37S.7S. The estimates of tho
Chict of Engineer are submitted separ-
ately Tor Notifications, river. and harbor
| improvements, and for public buildings
and grounds ana the Washington aquo-
duet.
FRBEDMENs BUREAU.
The affairs Of the Frcedmen's Bureau
have all been transferred TO the War De.
partment, and regulations have been pat
into execution for the speedy payment OF
bounty, pay, &c, due Colored soldiers
property coming under that bureau. All
the war accounts for money and property
prior to 1871, have been examined and
transmitted To the Treasury Tor final set.
tlement.
| COST OF TRANSPORTATION.
During the fiscal year there has been
paid for transportation on railroads. ST..
800. 900, of which $500, ZOO was over the
Pacific railroads; for transportation ~
water, S626, 1882 and by stage, SIS, 975.-
| ST. and Tor the purchase of transportation
animals, wagons, hire Of teamsters, &c,
1924 ,Gj0.64. About 1870, 900 have been
collected from Southern railroads during
the year of the amount of $4,000 900 still
due.
! QUARTRRMAsTER'S DEPARTMENT.
The Quartermaster has examined and
transmitted TO the accounting officer for
settlement 1867, 1872 of claims by loyal
citizens for quartcrmaster's stores taken
during the war. Subsistence supplies to
the amount of 1890, ,4Sl.20 have been is.
sued TO Indians.
THE ARsIY-SUGGEsTIoNS.
The annual average mean strength of
the army was 24, l0l white and :, ,494 col.
ored soldiers. The total deaths for the
year reported were 367 white and 81 col
ored
The distribution OF the medical and sur.
gical history of The war is yet to be or
dered by Congress.
There exists an absolute necessity ier u
medical corps of the full number estab.
lished by act of Congress of July 2Sth.
1866 there being now 80 vacancies, and
the number of successful candidates rare.
ly exceeds s or 10 in any one year.
RIVER AND HARBoR IMPROVEMENTS.
The river and harbor improvements
have been carried on with energy and
economy. Though many are only parti-
ally completed the results have saved to
commerce many times the amount eXpend-
ed. The increase of commerce, with
greater depth Of channels, greater secur-
ity In navigation, and of the saving OF
time. adds millions to the wealth of the
country and increases the resources of the
government.
The bridge across the Mi ssippi river
at Rock Island, has been completed. and
the proper site has been determined upon
for the bridge at Lacrosse.
THE sUTRo TUNNEL.
The able and expansive report made by
the commissioner appointed to investigate
the Sutro Tunnel has been transmitted 10
Congress.
SIGNAL OFFICE REPORT.
The observations and reports of the sig
nal Office has been continued. Stations
have been maintained at each of the prn-
cipal Lake seaports and river cities. Ten
additional stations have been established