The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1872-12-06

mails exchanged with European coun-
tries exceeded eight hundred and
twenty TONS The cost of the trans
Atlantic mail steamship service, was
Y22O,3O0. The total OF the United
States ocean steamship service inelud-
ing the amount paid to the subsidized
lines OF mail steamers, was 81 OF ,Q20.
our postal communications with all
parts of the civilized world have been
placed upon the most advantageous
footing by the improved postal con-
Vehtions and arrangements recently
concluded with the leading CONNER
eiai countries of Europe and America;
ana the gratifying statement is made
that with the conclusion of a satisfae-
tory convention with France, agreed to
by the head of theFrench postal depart
ment, subject to the approval of the
minister of finance, little remains TO
De accomplished by treaty for some
time to come.
THE CARRYING TRADE.
The report of the secretary OF the
treasury will show an alarming falling
off in our carrying trade for the last
ten or twelve years, and even for the
past year. do not believe that pub
lie treasure can be better expended in
the interest of the whole people than
In trying to recover this trade. An
expenditure Of five million dollars per
annum for the next five years, if it
would restore to us our proportion of
the carrying trado of the world. would
be protltably expended. The price of
labor in Europe has been so much en-
HANGED within the last few years that
the cost OF building and operating
ocean steamers in the United States is
not so much greater than in Europe
that believe the time has arrived for
congress TO take this subject into seri-
Gus consideration.
NATIONAL RECEIPTS AND. ENPENDI-
TCRES.
The money received and carried
into the treasury during the fiscal
year ending June 30, 1872, were !:
From customs, S216,370,2 S6; from
sales OF public lands, SS,575, ia |:
from internal revenue, $13O,642, III;
from tax on national bank circula-
ton, &c, 1928, 1896; from Pacific
railroad company, S749, S61; from
custom fines, &C., $l13, 644, pa from
fees-consular, patent, land, &C.,
2,2S4 ,O93 from miscellaneous sour
ces, S4,4l2,255; total ordinary re-
ceipts, 1854, 1854, 229 from premium
on sales OF coin. $9,4I2.637; total
net receipts, $374,1O7, 1897. Balance
in treasury June 30, 1871, S1O9,935,-
705, including S1S.222,S35 receipts
from unavailable sources; total
available cash, S4S4, 042, 573. The
net expenditures during the same
period were: for civil expenses,
SIT, 1S9, OJ9; for foreign interest,
SIS, 4O9, 1863; Indians, ST,065, 72S +;
pensions, S24,533, 402; for military
establishment, including fortifica-
tons, river and harbor improve
ments and arsenals, S35, 372,I5I for
naval establishments, including YES
sells and machinery, and improve
ments at navy yards, $2I, 249, 800
for miscellaneous civil Purposes, in
Guiding public buildings, light
houses, and collecting the revenue,
81, sos, 329 interest on public debt,
Sll9,357 $40; total exclusive OF
principal and premium on public
debt, S270, 559, 69j; for premium on
bonds purchased, S4,958, 200 for re-
demption of the debt, S99, 500, 253
total, Sl06,9lS, 500; total net dis
bursements, S397.477, 2l6; balance
in treasury June 80, 1872, SlSJ, 6I3,-
$50 total, $4S4, 042, 573.
THE PUBLIC DEBT.
From the foregoing statement il
appears that the net reduction OF
the principal of the debt during the
fiscal year ending June 30, 1872, was
S99, 1850, 253. The source of this re-
duction is as follows: Net ordinary
receipts during the year, 1854, 694,
229 net ordinary expenditures, in
Gliding interest on the public debt,
S2To, $50 ,695 excess of receipts over
expenditures, S94,l34, 534. Add the
amount received from premiums on
sales of gold, III excess of the pre-
MUM paid on bonds purchased,
S2,454,4 40, and the amount of the
reduction of the cash balance at the
close of the year, accompanied with
| same at the commencement of the
year-S3, 81 ,34S- and the total is
$99, 800, 253. This statement treats
solely of the principal of the public
debt. By the monthly statement of
the public debt, which adds togeth-
or the principal and interest due
and unpaid, and interest accrued to
date, and deducts the cash in the
| treasury, as shown on the day OF
publication, the reduction was
$lOO, 544, 49l. The source of this re-
duction is as follows: Reduction in
| principal account, 1880, O03. "a :
reduction in unpaid interest ac-
count, s., $780, 72.9 90 total, SOB, 29O,-
BOO. 80; reduction in cash Oh hand,
S2,746, 1922 total, 500, 544, 491. 80.
On the basis of the last report, the
statements show reduction of the
public debt from the first of March,
1869, as follows: From March j,
1869, to March 1, 1870, SS7,I34,7 1872,
"a from March l, 1870, to March /.
1871 Sl27, 619, 636.25; from March
1871 to March l, 1872, S94,S95. 34S.-
"a from March l, 1872, toJ Novem-
Der L, 1872, eight months S74O47-
231.S4 total, S363, 696, $685..
TIRE TAXES. VIZ
With the great reduction of tax
alton by the acts OF congress at it's
last session, the expenditure of the
government i'll collecting the reye-
nue. will be much reduced for the
next fiscal year. 1t is very doubt
ul, however, whether any further
reduction of Sc VeXatious a burden
upon our people will be practicable
for the present. At all events. as n
measure of justice to the holders of
the nations certificates of indebted
ness, L would recommend that no
more legislation be had on this SUBJ
Ject, unless 1t be to correct errors of
omission or commission in the pres
emit laws, until sufficient time has
elapsed to prove that it can be done
and still leave sufficient revenue to
meet the current expenses of gov.
eminent, pay interest on the public
debt, and provide for the sinking
fund established by law. The pres
ervatlon of our national credit is of
the highest Importance. Next IN
Importance to this, comes q solemn
duty to provide q national currency
that shall have a fixed value as
compared with gold, and as soon as
practicable, having due regard for
the Interests of the debtor class and
the vicissitudes of trade and com.
merce be convertible into gold. at
par.
THE WAR DEPARTMENT.
The report of the secretary of war
shows the expenditures of the war
department for the fiscal year ending
June 80, 1871, to be $50, 799, 99l. so,
and for the fiscal year ending June
30, 1872, TO be S35, 372, I57, 20. show
ing reduction in favor of the last
fiscal year of S427, 83462. The esti-
mates for military appropriations
for the next fiscal year ending June
30, 1873, are $50, sol 1873.
The affairs of the Freedmen's Bu-
reau have all been transferred to the
war department, and regulations |
have been put into execution for the |
speedy payment of bounty, pay, &c,
due colored soldiers, and properly |
coming under that bureau.
During the fiscal year there have