The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1872-12-03

ing interest on the public debt, S270,559, Il
695.9l total, $041 ,345, $40 add amount
received from premium on salcs Of gold III
excess of the premium paid on bonds pur.
chased, $245, 437 ,0S0 Add the amount Of
the reduction Of the cash balance at the
close of the year, accompanied with the
same at the commencement Of the year,
$3.371 ,34S.65; total, $9.996, OPS, 1854. This
statement treats solely of the principal Of
the public debt By the monthly statement
of the pu olic debt, which adds together the
principal, interest due and unpaid, and in
terest accrued to date,n due, and deducts
the cash in the Treasury as ascertained on
the day.of publication. The reduction was
800, 544, 49l.2S. The source of this reduc
ton is as follows: Reduction in principal
account, $99,960,003,54; reduction in un.
paid interest account, $3.50, 95206; total,
$l03, 290,956 SO; reduction in cash on hand.
$2,746, 1862; total, 0,544, 49l.28. On
the basis of the last table the statements
show a reduction of the public debt from
the lst of March, 1869, to the present time
as follows:
From March l, 1862 to March /, 1870,
$87, 1874, 1924; from March l, 1870, to
March ,lS7l, SILT 6l9,630.26 from March
l, 1871, to March l, 1872, 1896, 34S. "a ;
from March l, 1872. to November l, 1872,
(eight months), $64047, 237S4. Total,
1868, 1896, 999.S7. With the great reduction
Of taxation by the acts of Congress, at it
last session, the expenditure Of the govern
ment in collecting the revenue will be much
reduced for the next fiscal year. 1t is very
Doubtful, however, whether so vexatious a
burthen upon any people will be practicable
for the present, at all events measure Of
al -, H. Ill 80 l.. =.
tfcates of Indebtedness.
| would recommend that no more legis-
lation be had on this subject unless il be
in the present law until sufficient time has
elapsed to prove that it can be done and
still leave sufficient revenue to meet cur.
rent expenses of government, pay interest
on the public debt, and provide for the
sinking fund established by law. The pre-.
servation of our national credit is of the
highest Importance. Next in Importance
to this comes solemn duty to provide a
note currency of fixed unvarying value as
compared with gold, and as soon as practi
cable, having due regard for the interests
of the debtor class and the vicissitudes of
trade and commerce, convertible into
gold, at par
The report of the Secretary of War shows
the expenditures of the War Department
for the 6scal year ending June 80, 1871. to
be S35, 799, 99l .S2, and for the fiscal year
ending June 80, 1872 to be S35,372, Isl. 20,
showing a redution in favor of the last
fiscal year of 1892 $500. The estimates
for military appropriations for the next
fiscal year, ending June 80, 1874, are $685..
sol, 37S.7S.
The estimates of the Chief Of Engineers
are submitted separately for forti6cation,
river and harbor improvements, and for
public buildings and grounds and the Wash
ington Aqueduct. Nf
The affairs of the Freedmen's Bureau
have all been transferred to the War De-
partment, and regulations have been put
into execution for the speedy payment of
bounty pay, &c, due colored soldiers pro
perly coming under that bureau. All war
accounts for money and property prior to
1871, have been examined and transmitted
to the Treasury for final settlement.
During the fiscal year there have been
paid for transportation on railroads 81 ,360,.
600, of which $S00,S57 was over the Pacific
railroads. For transportation by water
S626, 1882, and by stage $4S,975.S4, and
for the purchase of transportation for ami.
mails, wagons, hire of teamsters, &C., 1924.
650.64. About $4,000 have been collected
from southern railroads during the year,
leaving about &,000,0O0 still due. The
Quartermaster has examined and transmit
ted to the accounting officers for settle
ment 1867, 1872 Of claims by loyal citizens
for quartermasters' stores during the war.
Subsistence supplies to the amount of
$50, 048.l2 have been issued to Indians.
The annual average mean strength of
the army to date, l0l white and 2494 col
ored soldiers. The total cost "a for the
year reported were SO white and 81 col.
ored.
The distribution of the Medical and Sur.
gical History of the War is yet to be or.
dered by Congress. There exists an abso.
Lutte Necessity for medical corps of the
full number established by act of Congress
of July %, 1866. There beingnow fifty nine
vacancies, and the number Of successful
candidates rarely exceeds eight or ten in
any one year. Hsa44fa Ha3
The river and harbor Improvements have
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 increase
of commerce, with greater depths of chan.
nels, greater security in navigation and the
saving OF Time, auuS mllllOnS 10 Inc Weaitn
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 Commits
sioner, appointed to investigate the Sutra
tunnel, has been transmitted to Con.
gress. f6t,ass
The observations and reports of the Sig.
nal Office have been continued, and sta.
tons have been maintained at each of the
principal lake, sea polt and river cities
Ten additional stations have been estab.
lished in the United States, and arrange,
ments have been made for an exchange of
reports with Canada, and similar ex-
change of observations is contemplated
with the West India Islands.
The favorable attention of Congress is
invited TO the following recommendations
of the Secretary of War: A discontinuance
of the appointment Of extra lieutenants to
serve as adjutants and qaurter- masters the
abortion Of code providing specific pen