Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-12-03

| [notl be unnecessarily or unworthly bestowed
Tho Treasdry.
The money received and carried into the t-eas-
ury during the fiscal year ending June 80, lS'2;
were from customs SIT, 20 2e6.77; from sales Oh
public land $2,575, ,714.l9; from internal revenue
Sl36, ,42l III 20; from tax national bank cred-
laton, etc. ST, ,525 1886 80; from the Pacific hai-
| road companies S7is, SCI. 81; from customs-nnes,
ETC., Sl,I36, 442 "a from fees, consular, patent,
land, etc, s. 2S4 097 80; from miscellaneous sour
ces 81, ,4l2,25i7l fetal receipts 1854 s394 zz95
! From premium sales Of coin 50 4lZi6if so
Total net receipts 1874, ,1O6, ,SS7 So. Balance IN
Treasury, june 30, 1871 Sl0s ,935 7O559 including
Sis2, ,22S 30, receipted from unavailable. Total
available cash Sis4, ,GG2 572l 10.
! The net expenditures by warrants during the
same period were: For civil expenses Sl6 1885,
05SI0; for foreign interests Sls 1863 IA Iniafs
81 ,065 28S2; pensions SIS, ,539 4O2T6; tor military
establishments, including Qualifications river %iid
harbor improvements and Srsenals, So, ,3IS, l0zO;
| for the naval establishments including vessels
and machinery and improvements ct navy yaFds
SLIPS, Os99; for miscellaneous civil, including
public buildings, light houses and collecting the
revenue, $40, ,95S, ,329.0S; interest on the public
debt Sil7 1851 ,SS972. TOtal exclusive of principal
and premium on public debt S270, $50 695.9l. For
premium on bonds purchased S4,95s, ,26G76; for
| tai $lO6, ,9lS620.s0. Total net disbursements
S3I7, ,47S, ,2l620 balance in the treasury June 30,
1872, 81 ,S56 430, ,694: Total $4S4, ,042, ,573l5.
The Public Debt.
From the foregoing statement it appears that
the net reduction of the principal of the debt dH-
|
| 81. The source of this re duction Is as follows
Net ordinary receipts during the year, Si63, ,694,
$685. net ordinary expenditures, including IN
terest on the public debt, $270 $50 696Sl. Total,
| Sy4, ,l3i ,534 co. Add amount received from pre-
mium on sales Of geld in excess of the premium
/ Paid on bonds purchased S2i, ,644, ,7o0.ss And |
the amount of the reduction OF the cash bal Ence
at the close of the year, accompanied with same |
at the commencement year, 81 ,33l 344.65. To- !
| tai S99, 900, ,25354.
This statement treats solely of the principal of
| the public debt, by the monthly statement of |
| the public debt which adds together the princi |
] pal and interest due and unpaid, and the in |
| inerest accrued to date, due, and dedrcts the |
cash in the treasury, az according on the day |
Of publication, the redution was SlCo, ,644 491.2S
The source of this reduction is as follow 5; /
Reduction IN principal account S99,96O, ,OJ3.54; |
| reduction in unpaid interest account S3, $780, |
95296 Total S10S, ,290 $3.50. Reduction in cash
1 on hand S2,746 1882. Total S10O, ,544 1923.
| On the basis of the last table the statements |
show a reduction OF the public debt from the LIST |
| OF March, 1862 TO the present time IS follows |
| From March l, 1859, TO March l, 1870, Ss7, ,l34,-
| 1s2 ~; from March I, 1870, to March l, 1871, |
S1iT,619, ,63025; from March l. 1871, TO March ], |
1872, S94 895, ,3489i; from March /, 1872, to Nov.
l, 1872 eight months s6l,0H ,2S7.s4. Total 1885,
The Reduction OF faxes.
With the great reduction of taxation by acts of /
Congress at its last session, the expenditure OF |
the government in collecting the revenue will he
much reduced for the next fiscal year. 1t is very
doubtful, however, whether any further au ctiOn
| of SO yexatous buTthen upon any people will |
De pTdcIlcaOle Tor Il6 present. al ali events as
! measure of justice 10 the holders Of rational |
certificates OF Indebtedness, l would recommend /
that no more legislation be had on this subject,
unless ii be TO correct errors of omission or COM
mission in the present laws, until sufficient time
mad elapsed TO prove that 1t can be done to meet
the current expenses OF the government, pay the /
interest on the public debt and provide for the |
sinking fund established by law The pTeserva-
ton OF our national credit is Of the highest i'm
portance.
eWanted-A Sound Gu rrcney.
Next in importance to this comes solemn
duty 10 provide national currency Of fixed, IN
varying values compared with gcld and as
soon as practicable having due regard for the
interests of the debtor class and the vcissitudes
of trade and commerce. and convertible into gtl1 |
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, 70 be S35.TOs,-
9elS2 and for the nscal year ending june so,
1872, 10 be S35, ,S72 157.2j, showing reduction in
fSver of last year of Si27, ,S3i.62. The estimates
TOR military expenses for the next fiscal year
ending june so, 1914 are S35 S0l ,S7S. The esti-
mates of the Chief OF Engineers are submitted
separately for the fOrtilcatiOns river and harbOr
Improvements and for public buildings and the
Washington acqueduct.
FTeedmsn's Bureau.
The officers of the Freedmen's Bureau have
all been transferred 70 the War Department and
regulations have been put iBto execution for the |
speedy payment of the bounty, pay, ETC., due the
coiored soldiers Property coming under that
Bureau and all the war accounts for money and
property prior to 1871 haze been examined and
Transmitted 10 the Treasury for final settlement |
transportation
During the fiscal year there has been Paid for
transportation 10 TailrOs Is S1,3O0, 900 OF which
$50 S57 was over the Pacific railroad; for tTanspOr
tation by water 81 ,35Z and by stage 81 S97 ,5S4
and for the purchase OF transportation animals
wagons, hire of teamsters. etc, Ss2i, ,65o.6i.
Southern EsaslrOads- Royal Claims.
81 Eresn ~ r i
ern railroads during the year, leaving about 81
100000 still due.
The Quartermaster has examined and trans
mitted % the accounting officer for ST rttlemeDt |
S57 GI7 "a of claims by loyal citizens for quarter
masters stores taken during the war.
SubSistins supplies 10 the amount Of IS, ,904, ,sl2
have been issued 10 the Indians.
The eATmy-sedIeaI.
The annual average mean strength Of the army |
was 24,10l white and 2,i9i eolored soldiers. The
total deaths of soldiers tor the year reported we're
365 white and 81 coloTed.
The distribution Of the Medical and Surgic Al |
History of the War is vet TO he ordered by Con. |
gress There exists an absolute necessity for a
medical corps of the full number established by |
act OF Congress Of July q, 1866 there being now |
fifty y-nine vacancies and the number Of success
ful candidates rarely exceeds eight OF ten in any
one year.
Internal improvements.
The river and harbor improvements have been
carrie on with energy and economy. Though |
HsSnj only partially completed, the results
have saved 20 commerce many times the amount |
expended. The increase of commerce with
greater depth OF channels, greater security in |
ayigation and the saving OF time, adds millions
10 the wealth Of the country and increases the |
resources OF the Government.
The bridge across the Mississippi river at Rock
Island has been completed, and the proper site
has been determined upon for the bridge at La |
Crosse. The able and exhaustive report made by
the Commissioner appointed to investigate the
Sutro tunnel has been transmitted to Congress.
the Weather Bureau.
The observations and reports of the SigrsI Of |
ice have been continued. Stations have been |
maintained at each OF the principal lake, seaport
and river cities. Ten additional stations laye |
been established in the United States and ar |
rangements have been made for the exchange of |
reports with Canada, and similar exchange of
observations is contemplated with the West India
Islands.
recommendation Of the Secretary
of War.
The favorable attention OF Congress IS invited |
to the lOllOwing recommendations of the Secre-
tary of war: a disc0ntinuance of the appoint
rent OF IN extra lieutenant to serve as adiutant
and QuarteTmaster; the adoption OF a code urO-
viding the specific penalty of a Weil-defned Of
fense so that the inequality of sentences aIiudg-
ed by court martial may be adjustt d. the c0ns0l-
idatiOn OF the accounts under which eNpendi-
lures are made as means of economy; a reap
prnpriatiOn OF the money Tor the construction of
a depot at San Antonio, the title to the site be-
ing now perfected; special act placing the esm-
etry at the City Of Mexico on the same basis as
other national cemetTies; authority to purchase |
sites for military Iosis in Texas The appointment
OF comnlsSaTy sergeants from nOn-eom- |
misslOned officers measure for |
securing the better care and protection |
Of supplies; an appropriation for the |
catalogues. tables OF the anatomical section of |
the army and medical museum: a re-appropri- |
alton Of the amount for the manufacturing of |
breech-lOading arms, should the selection be so |
delayed by the board of officers as 10 leave the
former appropriations uneypended at the close |
of the fiscal year; the sale Of such arsenals east
OF the Mississippi as can be spared and the pro-
cccus applied TO the establishment OF one large
arsenal OF construction and repair upon the At |
lantie coast, and the purchase of q suitable site
tor proving and experimental ground for heavy |
ordnance; the abrOgation OF the laws which de-
prlSe inventors IN the United States from deTiv
ing any benefit from their inventions;
the repeal Of the law prohibiting promotions
IN the star corps; a continuance of the work
upon tue coast defeHces; the repeal of the act cf
July IS, lo66 taking from engineer soldiers the
per diem granted to other troops; limitation OF
time for the presentStl III of subsistence supplies
under the act OF July 4, 1866, and modification
IN the MODE OF the selection OF cadets for the |
military academy in order TO enhance the useful
ness OF the academy which is Impaired by reason
OF the laT ge amount Of time necessarily expend- !
Gu In giving new cadets thorough knowledge ot |
the mere elementary branches of learning which |