Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1872-12-04
that it shall not be unnecessarily or unwor-
thily bestowed

OPERATIONS OF The TREASURY DEPARTMENT.
The moneys received and conveyed into the
treasury during the fiscal year ending June 80
1872. We're: From customs S2l6 $40. 286 II;
from sales Of public lands. 81 SIS IA 10
fro internal revenue, Sl30 642, HIP
from -aE on national bank circulation, etc..
SO ,523 1876 80. from Pdcifc Railway Com
paules. S74g.N6I 81; from customs, fines,
ETC.. 81 l36 1921: from fees, consular
patent, land. etc. 3 2S4 O95 %; from mis-
celane lus sources. 81 Alp 254.7l total
ordinary Tecei pts, 6i.694 22J 81 from
premiums on sales Or cDin. 8 Alp ,637. 65
total net receipts. S374.1O6 S67 Sc. Balance
in the Treasury June 80, 1871, 500, 93j,-
rs 80, including Sl8, 228.3 5 received from
: un vtilabie." Total available cash, $751;
OI2 573 Is.
The net expenditure by warrants during
the same period we're for civil expenses.
$40 ls9. Oj9.70, for foreign intercourse.
@I.S39 500 "A; Indians, g. O6I 1882
pensions. SIS j33 400 76 ; for military es-
adjustments, Including Notifications. river
and harhor improvements and arsenals,
~3j.312 1920; for naval establishments,
including vessels and machinery and i'm
provements at navy yards, 81, 249 SU9.99 !;
TER miscellaneous, civil, including public
bli'dtug-. Iisl houses and collecting revenue
: - 9jN 324 o.: interest on the public debt.
SIl7,3j7 .e3J p. I, tai, exclusive princi-
pa ard premium on public debt, $40 o59,-
t9j. for premium on bonds purchased,
50 gjS -GJ.-G: for redemption of public
debt. SO 900 2j3. 81 Total SlOG 91S 205-
80. Total net disburse ments, 1917 ,478 2 To-
q. Balance in the Treasury June 80, 1879,
SIS-5G4,3 $50 o. Total. $484 042 573.1
From Tire foregoing statement it appears
that the net reduction OF the principal of
the debt during the fiscal year ending June
30. 1872. was so $50. 253 81 The source
of the reduction is as follows Net ordinary
receipts during the year, 1854 60 ,229. 81 {;
uet ordinary eXpenditures, including interest
% the public debt. 500, $50 .G9j.9l; total,
F S94.I34. j34. Add amount received from
/ premium on sales If gold in excess of the
I bonds purchased, 81 asa, $40 80. Add
amount of the reduction OF cash balance at
4 the close OF the year accompanied with the
same 1T the commencement of the year,
S3..7I.34S.G %; total 500 900 2j3 81. This
! state cut treats solely OF the principal of
public debt. Bv the monthly statement of the
I public debt. which adds together the princI-
rai and interest due and unpaid and inter
est accrued TO date due and deduct5 the cash
n the Treasury as ascertained on the day OF
/ publication, the re iucLon was 500. 544
1 4gl - The source of this reduction was
rs follows: Reduction in principal account.
T 500 90. OO3.54; reduction in unpaid interest
ice unit, g 1870 $50 9j; total, SOB 300. :
! 9j5 So reduction in cash on hand, s., 746-
1922: total, 500, 544.49I2S On the
! BASIS of the last table the statements show a
reduction Of the public debt from the first
af March, 1869, T. March /. 1870, SS7. l34,-
/ T~2S4; rom March l. 1870, t. March l.
/ 1871. SIl7.OI9. $50 .; from March l. 1871,
. To- Alarcl f. 1872. ~94,S95.34S "a: from
March [. 1872, to November /, 1872 (eigh
unuthsJ, SO4,O47 257.S4; total, 1868 $685.
\ 800 81.
With the great reduction of taxation by
/ the acts Of Congress at it's last session, the
expenditure of the Government in collecting
I the revenue Will be much reduced for the
nex- fiscal year. It 5 very doubtful, how
I ever. whether any further reduction Of 80
I ytxttIous burthen upon any people will be
pracIca1le for the present. At all events,
a. measure Of Justice TO the holders OF
the n5tlyu's cestihcates OF Indebtedness,
would Itc .mueud tIat no more legislation
p had oa thl~ subject unless 1t be to correct
errors Ut ous sipn or Commission in the
present Laws un-u a suth ent time has
4 ~ Ell to prove at it can b. done and still
j Wa -gtiI .lcuJ revenue u meet the current
eNpsn- 90! government, pay interest On the
. ruHltc d-b aud provide Tor the sinking fund
.s-ab I-lei py law. The preservation Of our
/ ustlYual credit j. Of The highest importance.
I Next b. importance 10 this comes a so Tenn
lI.y d r.asiIc 4 national currency Of fixed.
.aviry - yt.I- as cjmptreI with gold. and
y, SOON a- rr4ct cable having due regard fOI
4. rEe Interests 0f the debtor class ana the
vIeIssitules ot trade anu commerce convert
'n.F into -J.4 AZ par.
TUE WAR DEPARTMENT.
The report OF The Secretary IT War shows
-be expenditures o. the War Dep lrtment for
Y he fi-ctl year ending June 80, 1871, to b
\ IS 7yJ g9l So and FIR the t--al year end
ing Jane 30, 1872 10 he S35 372. Isl. 20
/ leaving reelection IN favor Of the lass ti,cB
i YEAR oil S427 81 % The estimates for mi +.
Itarv apprOfr arlOnz for the n"xt fiscal veal
ending June 80. 1874. are S33 sol ,37S,78
I The estimates OF the Chief of Engineers are
submitted ser a-ately for Qualifications, river,
and har5or improvement and for public
/ bulldogs and grounds, and the Washington
aqleduct
The affairs Of the Feedman's Bureau hav,
all been transferred 70 the War Department
and e-ultIJns have been put into execution
lor tie SPECIFY payments o. bounty. pay, etc
due ColOred soldiers property coming
under THAT ureiu. all the war accounts Tor
money and properly prior to 1871, hav,
b. cn examined and transplanted TO the Treas
year there has been paid for transportation
on rair add ! 300 600, Of which $500 ,S5-
yas over the Pacific railroads. Fur trans
po-rri,n hy water 5000 81 and by stag,
$500 s T. and Tor the purchase OF transpor
tatIOu unIu1's. wagons, hire OF teamsters
&c, g. 1924 6jO,G4 About 1870 0Ol
have been collected irOm Southern raj road
during be year ; Of the amount Of 81, 600 oct
still due. the QIartermas5er has examine,
and transmitted to the accounting officers fol
sediment 1907 ,I72,72 Of claims by loya
lcrt.z ms for quartermaster stores taken dur
ny the war. Subsistence supplies to tn,
amaunt Of 80, O48 y have been issued t,
the Indians.
MILITARY DETAILS.
The annual average mean strength OF tn
army was 24.IOI white and 2494 colore,
soldiers. TIE total deaths Tor the year re
ported were 367 white and 81 cOlored. Tn
distribution OF tie Ne Iical and Surgica
History Of the War is yet to be ordered b,
Congress. There exists an b-olute necessity
for a medical corps OF the full number estah
Isl ed by act Of congress Of July %, 1866
there being now 50 vacancies, and the mum
ter Of successful candidates rarely exceed
eight or ten in any one year.
RIVER AND HARB1R IMPROVEMENTS.
The river and harbor improvements bav
been carried on with energy and economy
Though many are only partially completed
the results have saved to commerce many
times the amount expended. The increas,
OF commerce, with greater depth of chan
ues, greater security in navigation, OF tn
saving OF time, adds millions TO the weaIt
OF the country and increase the res ources {
the Government. The bridge across tn
n s-irsipPi river at Rock Island has bee
completed, and the proper site has bee
determined upon for the bridge at Lacrosse
sUTRO TUNNEL.
The abe ana extensive report made b
I+I.. al