The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1877-12-05
rhe TrensnrY Report.


We received yesterday through the
Surveyor Of the Port, who was charged
with their distribution, an official copy
ofthe annual report Of the Secretary Of
tbe Treasury. It is too long for repro.
lpetIon in our columns. Few would read
tif We published it, Notwithstanding the
nrtihit 1t is altogether the mosL import.
ant report submitted TO Congress and
copcrru4 every body's welfare. AS Ham.
let long ago said, however, so say most
people we are "ill at these numbers"-
ve haze no taste for tigures even though
they mtyconceru our bread and meat.
TheSecrptary announces that the pub
lie debt:o ,he United States was reduced
during the year ending June Both last,
SO8IO, O,j7LG9, and he estimates the re.
Laclion ior the year ending next June
gOth, at :33O6o. .356,2S.
Thus in two years we have, or will
have, reduction of over SG$, 100000, and
4 consequent saving in interest Of $780,
OOO Oaly few years ago we were pay.
ins SliOOOO,OOO OF interest OIL the public
debt, but gradually this annual outlay
hp been reduced until it Is now only
about :95OOO,OOO, and still declining.
Tae better the credit OF the government
the more it can save in the way Of
interest, as was shown in the recent re-
,Iempllon Of per cent bonds by the sale
OF per cerlB. BY the substitution Of
:lS,O0O,0OO Of Al per cents and $50, ,OOO,-
900 Of 4 per cents during the year, for
39Gj,OOO,OOO Of 6 per cents, aclean saving
Of &,7T7j,OOO in the way Of interest was
effected, Thus demonstrating anew the
we'll known Truth that honesty Is the best
policy for governments as well as indi-
yiduaIs.
The total receipts Of the government
for the fiscal year were S2G9 ,OOO, $50 G2,
and II is really a matter of curiosity to
trace the sources from whence all this
vast sum was derived. To begin with,
sl3O,95G,l ,l9S OF came from duties col.
lecIe, on articles imported from abroad
into this country. Then follows SllS,.
63OiO7 So from internal revenue.
Internal revenue" is something
that the people Of Wheeling are
large contributors to, especially this
year, as Collector Duval informs us that
our cigar manufacturers will turn out
about 36,OOO,OOO cigars, as against o5,-
100000 last year, on which they will pay
great many thousands Of dollars, Our
tar also in the way Of beer and ale will
not be,mall, although we are not able to
Stale it in precise figures.
When General GoiF made his memora.
bic Court House speech, in lhls city, at
the close Of last years guberuatorial
campaign, he offered quite reward for
asisht OF the oppressed individual whom
the government was killing, according to
the Democratic orators, with domestic
tax. Such an individual, said the Gen.
eral, must heavy drinker, an immense
smoker or au extraordinary chewsr of
tobacco, or else he must draw innumera-
bic checks on the banks, for in no other
way could he be oppressed with U. S.
domestic tax. Those who will take the
trouble TO consult the Secretary's report
a. to whence comes the Government rev.
enue wall see that the General was en-
tireIy correct.
More than nine tenth Of the $3.50, ,OcO,-
900 Of revenue was collected from Gus
toms, internal revenue, tax on circulation
anil deposits Of National banks, profits
on coinage, and sales of public lands. OF
this two hundred and sixty-niue millions
We spent over y millions for pen
aions, over 81 millions for the military
establishment, including river and har.
bor improvements, and arsenals, over IA
millions for tho expenses Of the Naval