The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1872-12-13


ments to authorize Consuls to extend
such relief TO their citizens or sub
jccts in extreme cases. A similar au-
thority and an appropriation TO carry
il into effect are recommended in the
case Of citizens Of the United States
destitute or sick under such circum-
stances. 1t is well known that our
great numbers. Though most of
them are able to bear the expenses in
cident to the location. there are some
who through accident or otherwise
become pennilcss. and have not friends
at home able TO succor them. Per.
sons in this situation mnst either per-
isb, cast themselves upon the charity
Of foreigners, or be relieved at the
private charge of our own officers
who usually, even with the most be-
nevolent dispositions, have nothing to
spare for such purposes. Should the
authority and appropriation asked for
be granted, care will be taken TO carry
the rnuniicence of Congress into ef.
feet, and that it will not be unneces-
sarily or unworthily bestowed.
CONDITION OF THE TREASURY.
The moneys received and carried
into the Treasury during the fiscal
year ending June 80, 1872, were:
From customs, s21 ,637 OPS, ,677;
from sales Of public lands, s2,575,-
5l4 10: from internal revenue, $780,
642.177 73; from tax on National
Banks, &c, Sc. .523 .396 80; from the
Pacific Railroad Companies, S749,-
SCI 81; from customs, fines etc.
81 1876. .442 81; from fees Of Consuls,
! patents. lands, ETC., 50, ,234 ,095 90;
| from miscellaneous sources, "a .4l2,-
254 II; total OF ordinary receipts,
1864 GOA 223 81; from premiums OH
sales of coin, 50, ,412 .637 G5; total net
receipts, 1914 ,Oi6, S37 56; balance in
Treasury June Both, 1871. sic. $685.
7o5 10, inc uding 81 ,S22 .635 received
| from unavailable assets; total ayaila-
bic cash, S4S4 ,O42 ,573 Is.
The net expenditures by warrant,
drawn during the same period were:
For civil expenses, SIG, lS3, ,079 20;
for foreign interests, SIS, ,4O9, 1863 IA; !;
Indians, $7,0G5, ,726 ss; pensions,
S2S, ,533 .402 &c: military establish
ment, including fortifations, river,
harbor Improvements, and arsenals,
$31 ,537 ,2l5 72; for naval establish
ments, including vessels and machin-
cry aud improvements at the navy
yard. s21 .249, 500 09; for miscellaue-
Gus civil expenditures, including
public buildings, lighthouses. and
collecting the revenue S42 ,95S ,329 0S; +;
interest on public debt. s11S. .35S,-
$50 Y. Total. exclusive of prlnci-
pal and premium on public debt.
s270, $50 .695 81. For premium on
bonds purchased, 81 .95S. .766 &c; for
redemption OF the public debt $685.
915 $40. Total, s106, ,91S,52 30.
Total net disbursements S377 49,
ZIG 81. Balance in the Treasury
June 30th, 1872, s10S, ,564 ,356 81.
Total, $4s4 .042, ,563 Is.
REDUCTION OF THE PCBLIo DEBT.
From the foregoing statement it
appears that the net reduction of the
principal of the debt. during the fis-
cal year ending June 30th, 1872,
was s93 $3.50, ,253 81. The source OF
reduction is as follows: Net ordina-
ry receipts during the year, 1864,
694, ,229 81; net ordinary expendi-
lures, including interest on public
debt s270. sos, ,965 81. Difference,
s94. 1874 ,534. Add the amount of re-
ceipts from premiums on sales OF
gold in excess of premiums paid on
bonds purchased, So SAT ,0S9; add
amount of the cash balance at the
close of the year, accompanied with
the sale at the commencement of the
year. 1887 ,34s 65. Total, s99, ,960,
253 81.
This statement treats solely of the
principal of the Public Debt. By
the monthly statement of the Public
Debt, which adds together the prin-
cipal and interest due and unpaid
and interest accrued to date, and de-
duct the cash in the Treasury as re-
corded on the day of publication,
the reduction was s100. .544, ,591 2s.
The source of this reduction is as
follows: Reduction on principal ac-
counts, 500, $50 ,0O3 81; reduction on
unpaid interest account, s., ,430 ,057
Sc. Total, s1O3, 900 ,S565U. Reduc.
ton in cash on hand, S2,746 ,455 %,
Total, SIC, ,544 ,491 %. On the basis
of the last totals, the statements show
reduction of the Public Debt from
the 1st of March, 1869, to the pres
ent time, as follows: From March
/, 1869, to March l, 1870 SS7 ,347 ).
S2S A; from March 1, 1870 to March
1. 1871. Silt ,s19, $50 So; from March
1st, 1871, to March 1st, 1879, S94 ;
S45, ,34S o.; from March 1st, 1872, to
November 1st 1872, eight months
s64, DAT 1887 81. Total, $685., ,696,
800 81.
With the great reduction of taxa
ton by acts of Congress at its las
session the expenditures of the Gov
ernment in collecting the revenue
will be much reduced for the mex
fiscal year. It is very doubtful, how
ever, whether any further reduction
of 50 heavy burthen upon the peo
pie will be practicable for the pres
: ent. At all events, as a measure o
justice to holders of the Nations
certificates of indebtedness, / woulo
recommend that no more Legislation
be had upon this subject unless it b
to correct the errors of omission o.
commission in the present laws unit
sufficient time has elapsed to prov,
that it can be done and still leav,
sufficient revenue to meet current ex