Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1872-12-05

Balance in Treasury, June 30, 1871. 100, 935, 705.5g
-tsE s4H -----
Total available ash.................. 1884, .2, 57Sl5
Net expenditures by warrants dur
ing the same period, we're:
For civil expenses ....,.. a.. .....,,.. 8 l6,lS9, 079.7 40
For foreign interest ...... :. 1S,409,, 1863. Ia
!ndianS. 7,165,7&.S2
For military establishment, includ-
ing Notifications, river and harbor
improvements and arsenal,.......... s5,s72,l57.@
For naval, including vessels and ma
chinery and improvements at navy
yards-.;;-.-..-..-.:........ si,2ia,soe.se
public buildings. lighthouses and
collecting the evenue.......,.... ,32o,O s
Interest ON the public debt. ll7,357, SS7. "a
Total, exclusive Of principal and
premium on public debt....,..,. s210. $50. Cos al
For premium on bonds purchased. 4,95S,764.7s
For redemption OF the public debt. 99,96l ,245.54
Total..."""...."--."-......... slos,9 1s, 52o.ao
Total net disbursements ............. 1877, Az, a1a.21
Balance in Treasury, June 30, 1872. los, IS,599.4O
Total...".-".......--. ............ s4s4, O42, 57s.l is
From the foregoing statement it APP
pears that the net reduction of the
principal of the debt, during tho fiscal
year, ending June Both 1872, was &c.,
66O,55S 81. The ource of the reduc.
ton is as follows:
Net ordinary receipts during the
year, 1854, 694,229 OIL net ordinary cx-
penditures, including interest on the
public debt, $270559,695 81. Total:
$94,l34,534 co. Receipts from prem-
iums on the sales Of gold, in excess Of
premiums paid on bonds purchased,
$2,454,470 SO add the amount of reduce
ton of the cash balance at the close of
the year, accompanied with the sales
at the commencement of the year.
$338,34S Go. Total: $99.96O.253 b.
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 it was on
the day of publication the reduction
was $l00,544,49l %. The source of this
reduction is as follows: Reduction in
principal account $99, 900, 0O3 A.; re-
duction in unpaid interest account 49,
33O,952 SO. Total : $lO3, 290,956 30. Re
duction in cash on bend 81, 1886 %.
Total $l00,544,49l %. On the basis Of
the last table, the statements show a
reduction Of the public debt, from the
LIST of March, 1869, to the present time,
as follows: From March LIST 1869, to
March LIST 1870, $S7,134, 72S "a; from
March lst 1870 to March 1st 1871, $1l7,
61S,63O2 5; from March LIST 1871 to
March lst 1872, $94,S95, 34S 81; from
March LIST 1872 to November LIST 1872,
eight months, $64,Ol7,237 81. Total:
$3.50, COG, 1893 SIR
With the great reduction of taxes BY
the acts of Congress at it's last session,
the expenditure Of the government on
collecting the revenue will be much re-
duccd for the next fiscal year. 1t is
very doubtful. however, whether any
further reduction of SO vcxatious a
burthen upon any people wild be prac-
teal for the present. At all events, as
a measurc of justice TO the holders Of
the Nations certificates Of indebted
ness, l would recommend that no more
legislation be had upon this subject,
unless 1T be to correct errors of omis-
sion 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 interest on the public debt, and
provide for the sinking fund establish
ed by law. IS
The preservation of our national
credit is of the highest Importance
Next in Importance to this, comes a
solemn duty to provide a national cur
rency Of fixed and unvarying value, as
compared with gold, and as soon as
practicable. having due REGARD for the
interests of the debtor class and the vi
cissitudes Of trade and commerce, and
convertible into gold ut par.
WAR DEPARTMENT..
The report of the Secretary of the
War Department shows the expendi-
lures of the War Department for the
fiscal year ending June 3Oth, 1872 to
be $35,372,l57 20, showing a reduction
in favor of the last fiscal year of 49,
7S3,462. The estimates for military
appropriations for the next fiscal year
ending June Both, 1872, are s33, SOL
37S.7S. The estimates of the Chief of
Engineers are submitted separately
For the Notifications of rivers and
harbor improvements, and for public
buildings and grounds, and the Wash
ington aqueduct, and the affairs OF the
Freedmen's Bureau have all been trans
ferred to the War Department, and
regulations have been put into execu-
ton for the speedy pay of bounty, pay,
&C., due colored soldiers properly
coming under that bureau. Ali war
accounts for money and property prior
to 1871, have been examined and trans
mitted 10 the Treasury for final settle
ment. Daring the fiscal year there
has been paid for transportation on
railroads $l,300,OO0, of which $SO,S57
was over the Pacific Railroad. For
transportation by water, 1926, 1882,
and by stage $4S,975,S4, and for the
purchase and transportation of ami
mails, wagons, hire Of teamsters, &C.,
&C., 1926, J0,64. About $4,000 have
been collected from Southern railroads
during the year. leaving about $4,000
600 still due. The Quartermasfer has
examined and transmitted to the ac-
counting officers fer settlement, $780,
1922 of claims by loyal citizens for
quartermaster's stores taken during the
war. Subsisting supplies to the amount
OF $S,9OA,Sl2 have been issued to the
Indians. The annual average mean
strength of the army was 24,2l0 white,
and 2,494 colored soldiers. The total
deaths for the year reported were 367
white and "a colored.
The distribution OF the medical and
surgical history Of the war is yet to be
ordered by Congrese. There exists an
absolute necessity fora medical corps
of the full number established by
act of Congress July 2Sth, 1866 there
being nov 80 vacancies, and the
number of successful candidates rare
ly exceeds eight or ten in any one
year.
II RIVER AMI HARBoR.
improvements have been carried on
with energy and economy, tho many
are only partially completed. The re-
suits have saved to commerce many
times the amount expended. The in-
OF commerce, with greater
of channels, greater security in
navigation, aud the saving of time,
adds much to the wealth of the coun-
try, and increases the wealth of The
The bridge across the Mississippi
at Rock Island, has been com
and the proper site has been
determined upon for the bridge at La
Crosse.
The able and exhaustive report made
by the Commission appointed TO in
vestigate the Sutro TUNNEL, has been
transmitted TO Congress. The obser-
and report OF the Signal Office