The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1872-12-07


selves upgS ,h- cDattt} ct tar.Iencr>, or be
relieved NJ thr pr,Nrtc crrrg' al ur o~n
Officers, who usually, evor "lrIt 'hc most
benty lent disp s,tiuhs, na.r no hlng to
spare lur such purposes. Sauuid he author
lty aud appropcla'.o on asked Tor he made,
care Will be made ~ carry The bCultctnce
of Compress into effect thai it shall not be
unnecessarily or unworyhly bestowed.
The money received and carried into the
Treasury during the fiscal year ending June
80, 1872, were:
RECEIPTS.
Prom customs. SalG31O 2S67,
From sulc- Of pablic lands .......... 25757l4l9
From Internal Revenue. ............. 1S0.6f2 MA
From tax on National Bank circulation,
From tactic Railroad Companies. 749s6ls7
From Customs, fines etc.............. 1,136, 4423
From tees, on uar patent land, etc. 924, U95 %
FROM miscellaneous sources. 4,4l2.254
Total ordinary reccpts.. ...... E. 1854 60, 229 81
From premium on sale. Of con........ 9,412, 63765
Totanet re cpts.,...... 1914, lot, 1886
tincud!ns Is, @2.s35 from nnavaila-
BILE sources. ......... ............ 1O9 1886 7O559
Total available cash asa O4a 57315
The net expenditures BY warrants during the same
wear nere:
EXPENDITURES.
For civil expenses. Is S9T97O
indians 49,. ........ ................ SoS57sssa
Pensions ........:.... % 533 4O176
For military establishments. including
iortilCatons, river and haibor i'm
proycments, and ar,enaIs ........... s53,a,l57aO
For naval establishments including YES
!. seis and machinery and improvements
For m.Gcilancou. civil including pub ''''''''
lie buildings, light houses, and col
lecting the revenue ...... 4a95S. s290s
Interest on the public dcbt......... 1lf357,S33.72
Total. exclusive of prihcipal and
premiurn on the public debt. $a7055g, G95.9l
For premium ON bonds purchased....S 4.95S, 746.76
For redemption OF the public debit. 9396O, 953.5i
Total ............... .... SlO6 9lS, $40 30
Total net disbursements $317 AIS 96 81
Balance in Tie Treasury June -. ls,a. lO65t3 356 81
Tolai Observation-Disclosures. Oaa, 57315
REDUCTION or THE DEBT.
From toe foregoing statement il appears
that 'hc not reduction OF the principal OF
dl ht, dur,!g the fiscal wear ending June 80,
1872, was S9y,Gb0, 253 81. The source Of the
reduction is as follows:
Net ordil aty receipts during the year 1851 60, 2g o.
Net Ordinary expenditures, includingln
ieEc>t on the pubic dcbt........... 270,5j96959l
baiancc....,...... ............... 9i,l3 ,52i 90
Add amount OF receipts from pre- MUM
on sales OF gOiu IN excess OF The pre-
Add amount o: II reduction o.! The cash
bAldlcc a. the close ut the yea, accom-
panied Win the sale al The commence
meht OF rhe year ................. a3;3is.G5
Io'ai'' .....'............. 1880 1854
This statement treats solely of the prin-
cipa "t Tie public debt. BY the monthly
statement # the public debt, which adds
together TIE principal ard intercsl due and
unpaid, and Interest uccrAcd 10 date dCe,and
deducts The cash III The Treasury. as accord
ing on The day oi publication, tine reduction
was @!JD, 1i4 1923
ia" s9uIce OF this reduction is as follows
Reduction IN principal accOuHt......S 99,9OO,OO3A
Reduction IL unpaid interest account. $3.50 y5?g6
Total ............. ............. SOB $50 956 so
reduction Ia cash on hand. ........, 21i6 1862
Total ACKNOWLEDGEMENTS loo5H, 49l2s
On nc bas:. Of the last liable, the statements show
production OF the public debt from the lst of March,
lHO', TO the present time as follows:
From MarCH l. 1853. to March l. 1870. sST 1874 1924
From March /, le1C, to March l. 1871. ll1,6lgG3U25
Prom Nh ch l. ISL. TO March l, 1s72.. "a s95 34s9i
From March !, lst2, 10 Nov. |, 1874,
"&h' acknowledgements. ........ GlOi',2s7a
500, 500, 9J9e7
With the great reduction OF taxation, by
I! acts OF Congress at is late session, the
expenditure Of the Government in collect
-.'N ''4I - NVh Lc VIII tC nuCu ICuuCeu LOT
tn neXt fiscal year. 1t is very doubtful
however, whether any further reduction OF
50 NcX9tl0us burden upon any people will
be nrHCtlcable for the present. AT ali events,
a. measure OF justice to the holders of the
naNon's certificates Of Indebtedness, would
r'commcnd that no more legislation be had
u. Oh TINS subject, unless 1T be to correct
errors vi OMISSION OF commission IN the
rt">'hl laws. until u sufficient time has
cNpevl 10 prove THAI 1t can be cone and
HNh Ita|e su1llcicIt revenue to meet the
current expenses of the Government, pay
l"j,!cst ou tie public debt, and provide for
III sinking fund established by law. The
Nf"N,N lpn OF our uatiun's credit i, O, the
Li. best Importance.
NrAt Ia importance to this comes d sol
emu duty To- provide National Currency of
NXed, unvaIy!ng value as compared with
so'u and Us soon as practicable having due
regard Tor 'he interests Of the debtor class
ana The yiclSsiud,s OF trade an commerce,
am convertible into gold at par
ne report 81 the 5, creary OF War shows
the Expenditures OF tue War Department
ior me- fiscal year ending June 30, 1871, TO
d. $50, S9,99l 50 and for the fiscal year
{, "na June 50 1872, to be $35,312, 1920,
aa wing reduction IN favor of the last hs
ca year OF $i4tN3lG9. The estimates for
Nh'aA appropriations for the next fiscal
car ending June 80, 1913, are $33,sOl,3ls,.
he estmot' 4 thc Chief OF Engineers
e'r Nnbmittcd separately for iortifCa,ions
I.v,r an la,bog Improvements, ard for
u.1lc buildings and grounds, and the
W. AingtOn Nqucduct
&c affairs ct the Treedmen's Bureau
la" III been transferred TO the War De-.
p6rme"t and regulations have been nut
mt execution Tor the speedy payment of
byU y, pay, etc, due the Colored soldiers.
rialtrly coming under that Bureau. All
q. "ar acc runts ior money and property
pr'' TO 1871 have been examined and
IL, emitted Ia HE TREASURY for Hpo, ,,,,i,