|Paper||Salt Lake Herald-Republican|
|Rights||No Copyright - United States (NoC-US)|
|Publisher||Digitized by J. Willard Marriott Library, University of Utah|
|Article Title||Latest News|
|Paper||Salt Lake Herald-Republican|
LATEST NEWS BY TELEGRAPH LAST NIGHT FOREIGN. Jo-jlf cavle. Tours. Th-- result re-sult of the fi-rhticj tef're Orksas was uLfaroraWe to the Freunh. The j iei't wing of the army of the Loire was I loubled up. The Prussians reached the railroad between Orieans and Tours, at Lacbaie!c. near Orleans. Saturday afternoon, and the traia with iTan,bc-tta cn board was fired upon there. Havana, o. French war vessels continue to cruise off the Cuban coast f-r the purpose of intercepting the German steamers from New Orleans. Ie Rodas leaves the island on the I-"th. He liberated the remaining four thousand negroes on emancipation day, leaving no black slaves on whom the government has claims. GENERAL. The Supply of Food in Pari-. Washington. 0. Representative Washburne, of W isconsin, has received a letter from his brother, minister to France, in which he says the people of Paris have provisions enough to hold out until the first of January. Logan for Senator. The elecion of General Loan to the United States Senate, from Illinois, in place of Yates, is regarded as certain. cer-tain. Of one hundred and .wemy-hve Republican members in the Illinois Legislature, eighty are claimed by Logan. The remainder will be divided between Governor Palmer, General Oglesby and Governor Koemer. The Return to Specie Payment Bill. Senator Sumner states that the object ob-ject of his bill introduced yesterday, but upon which he could not obtain action, is to stop the presses in the treasury department and prevent the future printing of L nited Slates currency cur-rency iu place of worn out notes. He believes this course will gradually contract con-tract the currency and bring about specie payments. Indian Attack. San F'rancisco, fi. Advices from Arizona report that a laree band of Apaches, fully armed, had attacked the settlement at Walnut Grove, on the llassayauipi river, and ran off eleven hundred head of cattle. Stcrctnry Boutw ell's Ri-porl. Washington, 0. The following are the principal points of the Secretary of the Treasury's report : The total reduction in the public debt from March 1st. lwl't, to Dee. 1st, l.sTU, was 1 '.i 1 . 104,763, and the reduction in the inieiest accunt is at the rate of over slu.iiuO.OoO per annum. an-num. The receipts for ihe first quarter quar-ter of the present fiscal year aggregate J 1 lo.lUl ; and the expenditure lbr the same period, including payments pay-ments on account of the sinking fund, is $S6, 062,920. The estimated receipts re-ceipts for the remainder of the present year are as follows: From customs, SI2S.UUO,0OU; internal revenue, $y$,-(.KJU.UUU; $y$,-(.KJU.UUU; pullie lands, 2,UU0,UuO ; miscellaneous, It'i.OOi i.OUi ) ; total, '14,UUO,0.jn. The c-tiuiated expenditures expen-ditures for the same period are iu the aggregate $20:;,5t.Ki,iXli, showing a balance applicable to the public debt, including, however, the amount payable paya-ble on account of the sinking fund, of over 5G2.0U0 000. t'pon this basis the Secretary submits sub-mits the c.-iiuKUe of receipts and ex penditures fer the year ending June 30th, showing tho total estima ted receipts at 320, 4IS, lion ; and the total estimated expenditures at S.'JUh,-639,W0O: S.'JUh,-639,W0O: showing, according to this estimate, a surplus applicable to payment pay-ment of the public debt, in addition to the sinking fund, of $IO,77S,i;so. An analysis of the expenditures discloses dis-closes a fact which tends to sustain the opinion that the balance will be considerably con-siderably larger than appears from the i former estimates ; and it may reasona- bly be anticipated that the total reduction re-duction of the public debt during the next fiscal year, including the payments pay-ments on account of the sinking fund, will be about titiy millions. Of the funding scheme the Secieo;-ry Secieo;-ry says, the war in riuiupe has rend-' cred it impracticable to fund the national debt as autboi ized by the art I of July. s7o. A portion of tho papir has been manufactured, and the 1 picparatiou of plates has been so far advanced that whenever favorable iv ca.-ion arrives, the bonds may be delivered without dolay. in as much as the war in Kurop.1, and the eon-e-Miient demand fur money, make it d.eibt-lui d.eibt-lui whether lour and i'uir and a hull pet : cent, bonds will be taken, it se. ui- to me wise to authorise an issue of tlinv j hundred mi lieus additional of bond-, fraritor interest of live per cen'. iin.T-est, iin.T-est, which can be paid tpiarterly without with-out ine-in enienee: anil therefore I respectfully recommend that the loan act be so modified that the payment ot the intere-t may be made quarterly in-s;e in-s;e id of semi-annually. ihe .cr..tary r.e'mmend an appropriation ap-propriation to be ninde and authority voi to i--ue new bibs to the national bat.ks. In p'aee el uru kh l Uelaeed currency. He saystl.e bankit g .;c;u f the country app-ar- to be we.l liian-a.-O'l. but on the whole the syst.-m of I mkiM should be only for the purine o: n.eetnig the demand ot bu:n. lkit when ;he-e .kmand- are urgent, a coiie----ton should Pe tua i--. U(kjii tie- croun l that ro-f.'ritf :n ba--.n-? is j tis-re i'.op rtant than tl. e Lucre saitic i of the interest ar.-:n - :r..:o the e;r; u-' la: : n ol tr .i-ury i. ees. T..e Jv.x-ri-i;.ry ::ci.:t u i-f :i.e cOi;ticn of our u.oi.:h:.nt u.a.- ,je. wi.i.-h. while . an therm J iota', t.'j:..:.-'. sh i) r- ) r!;...a:c .n -A;,---. If' nr.-. - i::.p-rta:iee ol e .l-l..:i -ii s'-.-i,:e :iie re- evil t i' Am. ri.iii c !!.:!. : I he iransrirTaiv-.n of -r.w !n b ril :Le S -.r- :a:y ;:,.r.k-. e.u be Mijc.y condueted. and is u;-po-eJ to r.jnrj the pr.. r-e: fav rat-. Tie eerelarv t-a.i.- aiieotloll to the ; n.-.--es-i:y f.-r an r'i.::."J:: m in the ' sal.iii - o:h rs in li e r.-t-ury De-, De-, :li::.ielll. .ill i 3-k- -si aJa;ti..!;&i sp-i sp-i loiul..,.. u .U f- .o.o.' lor 1 : -nieiu. He iavor- th ;.j j-oiritiu.' nt ol '"an; exixinirg boarl f r the cxindna'.v-n : of api liean:s r eh rkshirs iu his .::-1 .::-1 r.-irta-ent. tu: .. po-e? the idea that :y the tenure of : .-e the clerks should K- chacrea. be ievin that the )res:it syr.em :'urL:.s::-.s the test seeur::y the ' e. ur.try can Lave : : a: the t Us:uess o; i: vcrnmei." w; i : .-ii .':-:-:.: e pe:-. pe:-. formed. The repcet e-'-elui--s :.- f-.l. ws: 'The Financial I rost-ect. a. ".Lough I highly fav.rahi.e. is not su.h as to war-j war-j ran: important ehar.ges in the revenue j system, at the pre-ent stssieti of Con-I Con-I cress. But should the result, during 'the cominir year, mse: my cxt'i-eta-j tionf. it wili be possible at the Deeem-j Deeem-j ber session of the Fony-Sccc-ud Con-' Con-' gross to mcke aver., material reduction lin revenues, without impairing the ability of the government to make sa;-i sa;-i isfaetory payments of the public debt. The reduction already made has been I advantageous to the country, not ou:y in the particular? indicated. Uu in j other respects ol' hard y less imii -rt-i ance. There is much evd.'nc: that ' tends to show tiu; n. o;l.-i event. I since the conclusion of the war. ha-! ha-! contributed so much to the diliusien oi I Republican opinion, and the spread of j these opinions stimulates emigration from Europe, and at the same time-prepares time-prepares the way for the establishment on that continent of free institutions. Can there be my d-til.t that the policy of accepting tiie debt as permanent would retara emieoatiun from Europe, and especiiiiy of tne reading and reflecting causes ? bat-ever bat-ever argument may be deduce 1, or whatever theories may be advanced, the fact must ever remain, that a public pub-lic debt is a public evil: it is burdensome burden-some to the laboring cias-es, and it is. therefore, iu their interest to provide j tor the constant re.iuction ..f the existing exis-ting na'ioual debt. Tins poll y will not prevent such changes in the revenue system, from time to time, as wui equal ze the inevitable burdens uf our present condition, and within a comparatively compar-atively short period taxes may be removed remov-ed from many articles of pure ii.eessity. It is an occasion of satisfaction that no other nation ever passed through a great war with so light a shock io industry in-dustry and business. Speeiric information informa-tion and general intelligence, from various pans ef tne I niied Stat.-s show that all cla-ses. and especially the laboring classes, are in the enjoyment enjoy-ment of more than aveiage prosperity.