The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1878-12-05


actual and estimated, s2Gl 100000 The expendi.
lures for the same period will be, actual and esti
mated, as follows For the quarter commencing
July l, 1878, actual expenditures S73 3A 57827;
aud for the remaining three quarters Of the year,
the expenditures are estimated at Sl66 1855 i26 73
making the total expenditures 1910 100000 and
leaving an estimated surplus revenue, for the year
ending June 80, 1879, Of SH4, 100000
The total reCeints dHrirr The next fiscal year,
| ending June 30 1881 p,t,"'sl'i according to eX.
| listing laws, v II U- $ ;idL'Il265 leaving a sur
| plus Of 828 ~ -; st ui tDul year.
In the foregoing statements OF expenditures, &C.
tual and estimated, no amount is allowed for the
sinking fund provided for by the set approved
February 26, 1862, which requires that one per
cent Of the entire debt OF the United States shall
| be purchased or paid within each fiscal year, TO
be set apart as sinking fund There has been,
however, a substantial compliance with the con-
| ditiOns Of the law. BY its terms, the public debt
| should have been reduced between 1862 and the
close Of the last fiscal year, S5l8 36l SO62S the aC'
| tual reduction Of the asCertained debt In that
period has been S7206i4739 81; being in excess Of
the reduction required by the sinking fund act
| Sl02 $50 03333.
The amount of the public debt, less cash in the
| Treasury November |, 1878, was S20A 200, ,9S3l8-
reduction since the same date last year, of $685.
| l506l7 49,
The progress made during the last year. in re.
funding the public debt at lower rates of interest
| Is very gratifying. The amount OF four per cent.
| DOuub bOlu u'lTlUB Lub DTtbtuL year DTlOT 10 NO
yember %, 1878, is slOO27O 900, and six per cent
| bonds, commonly known as tive.tWenties, to an
| equal amount have been, or will be redeemed as
| calls mature,
1t has been the policy of the Department to
place the four per cent, bonds within easy reach
of every citizen who desires to invest his savings
| whether small or great, in these securities. The
| Secretary OF the Treasury recommends that the
| law be SO modified, that small sums may be in
vested, and that through the postoficeB or other
| agents Of the (1OVnrnmpnt the frnngt ODOOTtunilV
may be given In all parts of the country for such
| investments.
The best mode suggested Is, that the De.
paTtment be authorized to issue certificates Of de.
| poslt, of the denomination Of ten dollars bearing
interest at the rate of 1865 per cent, per anDum
| and convertible at any time within one year after
their issue into the four per per cent. bonds au.
thorized by the refunding act, and to be issued
only In exchange for United States notes sentt the
| Treasury by mail or otherwise. Such a provision
| of law supported by suitable regulations, would
enable any person readily, without cost or risk to
convert his money into an Interest bearing secuIi
ty Of the United States, and the money so received
could be applied to the redemption Of six per cent
| bonds.
The coinage OF gold during the last fiscal year
was S52,70S9 $50, The coinage of silver dollars, un.
der the act passed February %, 1873, amounted on
the 23d of November, 1878, TO $40 84,5GO of which
amount 81 94 947 are in circulation, and the bal
anGe, Sl4 S296O3 is still the possession Of the Gov
| ernment.
| WIN views uuClhDR6Q WIN regard 10 tne ACT
under which the coinage OF silver proceeds, 1t has
been the purpose of the Secretary faithfully to
ecute the law and to afford fair trial to the meR
| sure.
In the present financial condition Of the country
am persuaded that the welfare Of legitimate bu
siness and industry of every description will be
best promoted by abBianing from all attempts to
make radical changes In the existing financial
legislation. LIE, 1t be understood that during the
coming year the business OF the country will be
undisturbed by governmental interference with
the laws affecting II, and we may confidently ex.
peCt that the resumption of specie payments
which will take place at the appointed time, will
be successfully and easily maintained, and that
1t will be followed by healthful and enduring
| revival Of business prosperity.
| Let the healing influence of time, the inherent
| energies of our people and the boundless re-
sources Of our country, have fair opportunity,
low,
THR ARMY.
The report of the snoretary Of War shows that
the army has been well and economically sup
piled, that our small force has been actively en-
ployed, and has faithfully performed all the ser
vice required of 1t. The morale Of the army has
improved; and the number of desertlons have
materially decreased during the year.
The Secretary recommends
l. That pension be granted to the widow Of
/
| who lost his life by yellow fever while in com
mand Of the steamer ~. NJ. Chambers" sent with
supplies for the relief Of the sufferers in the South
| from that disease
q The establishment Of the annuity scheme
for the benefit of the heirs Of deceased officers, as
suggested by the Psymaster General.
8. The adoption by Congress of a plan for the
publication Of the records of the War Of the Re-
| bellion, now being prepared for that purpose
l. The increase Of the extra per diem of sol
| dier.teaChers employed In post-Schools and the
| liberal appropriations for the erection Of build
| lngs for schools and libraries at the different
| posts.
5 The repeal or amendment ofthe act OF June IS,
| 1878, forbldding the "use Of the army aB q posse
cOmitdtuS or otherwise, for the purpose Of execut'
| ing the laws except In RHoh cases and under such
circumstances by the Constitution or by act OF
| Congress"
| 6. The passage OF joint resolution OF Congress
legalizing the issues OF rations, tents, and medi
cines which were made for the relief Of sufferers
| from yellow fever.
Z. This provision be made for the erection ofa
fre-proof building for the preservation Of certain
valuable records now constantly exposed to de-
| struCtiOn by fire,
THESE recommendations are all commended to
| your favorable consideration.
THE NAVY
The report Of the Secretary Of the Navy shows
that the navy has improved during the last fiscal
year. Work has been done on rs vessels ten Of
which have been thoroughly repaired, and made
ready for sea. Two Others are in rapid progress
| towards completion. The total expenditures Of
the year, including the amount appropriated for
the deficiencies Of the year. were 7,46S, ,892Oj.-
The actual expenses Chargeable to the year, ex.
elusive Of these deficiencies, were N3 306 9l4 90,
or G767 1899 18 less than those Of the previous year.
and 81 92S 774 less than the expenses, including
the deficiencies The estimates for the fiscal year
ending June &c. 1880, are VA 562 3Sl 45-exceeding
the appropriations OF the present year only S33,'
| 949.75; which excess is occasioned by the de-
| mands Of the Naval Academy and Marine Corps,
| as explained in the secretarys report. The ap'
| propliations for the present fiscal year are Sl4
52S, ,4Sl.70, which, in opinion of the Secretary will
be ample iol all the current expenses Of the Del
partment during the year. The amount drawn
from the Treasury from July to Nov, l. 1873, is
S3 74O 5i4.l4, OF which $40 09sO75 has been refund
ed, leaving as the expenditure for that period A
$685. 956S49, or $3.50 1924 less than the correspond
ing period Of the last fiscal year.
THE POSTAL SERVICE.
The report OF the Postmaster General embraces
detailed statement Of the operations Of the Post
office Department The expenditures Of that De-
partment for the fiscal year ended June 80, 1875
were s4 1866 ,OS449. The receipts, including sales
of stamps, money order business, and official
stamps were 500 bl6 95. The sum Of $500 436 90
Including in the foregoing statement Of eXpendi-
tures Ia chargeable 70 preceding years. 80 that the
actual expenditures for the fiscal year ended
June 30, 1873, are SS3,874647.60. The amount
drawn from the Treasury on appropriations, In
addition to the revenues Of the Department, was
S5So7 ,652S2. The expenditures for the fiscal year
ending June 80, 1880, are estimated at $50 81, ,9O0
and the receipts from ell sources at $50 664 023 90
leaving deficiency to be appropriated out Of the
Treasury Of S5 907 S7610. The report calls Atten.
ton to the fact that the compensation OF postmas.
ters and Of railroads for ing the mail is regu
lated by law, and that the failure Of Congress to
appropriate the amounts required for these pur-
poses does notrelieve the Government Of respOn-
sibility but necessarily increases the deficiency
bills which Congress will be called upon to pass
In providing for postal service the following
questions are presented Should Congress annu-
ally appropriate sum for its expenses largely in
nj ekd IL.