CR 1186 Duke University Libraries Report of the s Conf Pam #386 KEPOHT * €aker of the HouH of Reprtsentatives : Sir : I have the honor to subrait the following report of the condi- tion of this Department on the iBt of October, 1864. The last state- ments submitted to Congress we^e up to the let of April, 1864. The receipts into the Treasury for th/j two quarters ending on the 1st of October, are as follows : Four per cent, registered boade, Act 17th February, 1864, $13,333,500 no Six percent, bonds and stock. Act 23d March, 1863, 280,200 00 Four per cent, bonds and stock, Act 33d March, '63, 3,500 00 Slight per cent, bonds and stock, Act 28th Feb., '6 1 , 7,600 00 Six per cent, bonds and stock, twelfth section Act 17th February, 1864, 388,000 00 Six per cent, bonds five hundred million loan, Act 17th February, 1864, 14,481,650 GO Six per cent, bonds, eighteenth section Act 17th February, 1864, 495,200 00 Four per cent, call certificates, seventh section Act 17th February, 1864, 20,973,160 GO Seven per cent, bonds, Act 20th February, 18G3, 2,700 00 Six per cent, certificates of indebtedness, Act 17th February, 1864, 1,739,100 00 Tax on old issues redeemed, 14,440,566 85 Carriedforward, §66,165,176 85 Brought forward, $66,165,176 85 Repayments by disbursing officers, 20,115,830 51 Treasury notes, binder Act 17th February, 1S64, 277,570,950 50 War tax, 42,294,314 46 Sequestration, 1,238,732 75 Customs, . , 59,004 33 Export duty, ' 4,320 12 Overseers' exemption and tax on non-combatants, 30,5(U) 00 Miscellaneous receipts, 321,783 13 Coin seized by authority of Secretary of War, 1,653,200 OO Premium on loans, 4,S22,249 36 Soldiers' tax, 908,622 22 Patent fund, 8C6 1 6 S415,191,550 39 The expenditures during the eame period are as follows: War Department, 246,367,442 94 Kavy Department, ' 15,554,802 28 Customs 28,585 43 Civil, miscellaneous and foreign intercourse, 10,427,674 94 §272,378,505 53 Public debt — for payment of interest, 10,772,883 11 Public debt — for payment of principal, 331,787,444 00 §614,938,832 70 The balance in the Treasury on Ist April, 1S64, ^as, §308,282,722 19 The amount received since is, 415,191,550 39 $7;i3,474,272 58 Deduct amount of expenditures, 614,938,832 70 The balance in the. Treasury is, . §11)8.435,439 88, This balance is made up as folio „ , . Treasury notes (new issue) and specie, $22,053,200 81 Treasury notes (old issue) to be cancelled, 80,382,239 07 $108,435,439 83 The public debt on the tst of October, 1864, -R'as as follows: Funded debt. Total issue of bonds and stocks, " $363,416,150 00 Total issue of call certificates, 197,578,370 00 Total issue of certificates of indebtedness, 19,010,000 00 Carried forward, $580,004,520 00 Brought forward, $580,004,320 00 Total issue of produce certificates, Act April 21, 1862, 3,600,000 00 Amount of 7.30 interest notes, -wbicli have assumed the character of permanent bonds, 99,954,900 00 $683,459, 420 00 Reduced by amount redeemed, to wit : Act May 16, 18G1, principal, $ 297,600 00 Act August 19, 1861, principal, 1,267,700 00 Call certificates, Act December 24, 1851, six per cent., 70,729,030 00 Call certificates. Act March 23, 1863, five per cent., 70,000,000 00 Call certificates, Act March 23, 1863, four per cent., 1,825,000 00 144,119,330 OC $539,340,090 00 Uafundcd debt. Amount 8.65 interest notes outstanding, 516,050 OC Total issue treasury notes — old issue, $973,281,863 50 Reduced by amount called in for cancellation, 649,047,945 50 S24,S33,918 OC, Total issue treasury notes — new issue, 283,830,150 00 l,M7,97n,2(i8 ()!) The estimates submitted by the vorious departments for the sup- port of the Government for the Six months fr^jm 1st January to Ist July, 1865, are as follows : Legislative, $ 375,000 00 Executive office, 47,845 4G ^Treasury Department, 4,626,350 00 War Department, 402,912,206 23 Navy Department, 14,005,134 75 Post-office Department, 294,349 93 State Department, 63,355 00 Department of Justice, 715,074 26 Miacellaneous, 15,000,000 00 Aggregate, $438,0 39,315 73 The balances of appropriations not drawn on the 1st of October, 1864, are as follows: Civil and miscellaneous, ■'^.- $97,871,764 13 Carried forward, $97,871,764 13 Brought forward, $97,871,764 13 Wab Department, 612,260,280 09 Customs, 247,309 33 Navy Department, 33,785,764 80 $744,165,118 95 The expenditures were estimated hy my predecessor for the three months from 1st April to Ist July at $ I 62,000,000. At this rate the expenditures for the six months shouid have been $324,000,000 00 To this amount must be added the debts then stated to be in arrear, which do not appear to have been reduced, the actual expenditures be- ing $284,251,386 80, 75,000,000 00 $399,000,000 Ot) Deduct amount paid, 284,251,386 00 $114,748,614 00 Add the estimated expenditures from 1st October, to 1st January, 1SG5, $162,000,000 00 This exhibits a total of $276,748,614 00 yet to be charged against existing appropriations. This amount deducted from the balance of appropriations undrawn, Tiz : $744,165,1 18 95, leaves the following amount from past appro- priations applicable to the expenditures of the six months from the 1st of January to the 1st of July, 1865, $467,416,504. The preceding tables of the public debt, derived from the books of the Register, present an aggregate of $1,147,970,208. The following summary includes the results of the taxation and funding of the. old i?sues, which do not yet appear on the books of the Register, and ex- hibits the state of the debt with more precision. Funded debt, October 1st: $539,3*0,090 Bonds, four per cent., to be issued for the old cur- \ rency, funded, viz: East of the Mississippi, $250,000,000 West of the Mlsbissippi, 30,000,000 280,000,000 $819,340,090 Deduct amount of four per cent, bonds, receivable in payment of taxes, 81,000,000 Total of funded debt, $738,340,090 Unfunded debt: Treasury notes outstanding, $324,233,918 Carried forward, $324,233,918 Brought forward, $324,233,918 Deduct amount funded in trans-Missis- sippi Department, 30,000,000 $294,233,913 Deduct tax, 33J per cent., 98,077,973 196,155,945 Treasury notes, under act 17th Feh- ruary, lo64, " 233,880,150 This sum is liable to a further reduction for the following items of debt included in the Register's accounts, but still in the treasury, riz : treasury notes, (new issue,) $22,053,200 Bonds, 6 per cent. 500 million loan, 27,564,150 Bonds, 8 per cent. 100 million loan, 3,000,000 Certificates of indebtedness, 17,270,900 Call certificates 4 per cent., 22,106,840 $1,218,376,185 V 91,995,090 Total debt, October Ist, 1SC4, $1,126,38 1,095 A table of the public debt on the 1st of April, 1864, prepared on the same principle, shows it to have been as follows : Funded debt, $523,530,670 Bonds, four per cent., for currency funded, 280,000,000 Total funded debt, April 1st, $303,530,670 Unfunded debt : Treasury notes, amount outstanding by the Register's accounts, $505,792,103 Deduct amount funded in Trans-Missis- sippi department, 30,000,000 475,792,103 Deduct tax of 33i per cent., 158,597,363 317,194,735 Total debt, April Ist, 1864, $1,120,725,405 Which compared with the sum of debt similarly ascertained on the Ist October, $1,218,376,185, shows an augmentation of $97,650,780 in the six months from 1st April to Ist October, 1864. This addition to our indebtedness is smaller than might have been apprehended, yet is greater than if the currency had risen in value, and thereby the expenditures had been reduced; and the large amount of taxes paid had contributed exclusively to the relief of the Treasury. The foreign debt, consisting of a single item, is omitted ; the whole amount being unuer ,£2,200,000 is adequately provided for by the cotton owned by the Government, even at sixpence per pound ; the quantity beini; about 250, 000 bales. The expenditures of the current quarter, it is assumed, will bo met from the following resources, viz : Treasury notes : amount unexpended of the propor- tion applicable to the payment of expenditures, $80,000,000 Taxes: amount to be received for the last quarter of 186-1, estimated at 35,000,000 Bonds, certificates of indebtedness and loans on hypothecation of bonds, 47,000,000 Si 62,000,000 The certificates of indebtedness provided by the act of 17th Feb- urary, 1SC4, did not prove as favorite an investment as was antici- pated, and the amount of these securities, taken in payment by public creditors up to 1st October, is about i$2,000,000 only. From the sale of bonds and loans on hypothecation of bonds, about !^45,00t),()()0 was raised, and from the new issue of treasury notes ^283,000,000. The large and rapid issue of treasury notes is the more to bo re- p:rettcd from the failure of the measures relied upon to sustain thoir value and reduce expenditures. The new notes are received by the public at a value scarcely any higher than the old, and, as a conso- •juencc, the expenses have not declined. The currency demands the immediate and the gravest considera'ion of Congress. Unless a uniform and stable value can be given to the treasury notes, the effort to carry on the war through ilieir instru- mentality, must of necessity be abandoned. Acquiescence in its deplorable depreciation, is to court the ruin to which it leads. One hundred and thirty-five dollars in currency, the price obtained for one hundred dollars in six per cent, bonds, is equal to six dollars only in specie; and to sell the bonds at this rate is in reality to dispose of them at ninety-four per cGnt. discount; or in other words, to give a Ijond for one hundred dollars in consideration of the loan of six dol- .iars. There is not a man of property in the country who would not pre- fer any fair measure of taxation, rather than procure a temporary and •.treacherous prosperity by the sale of mortgages on his estate at this ruinous rate. The depreciation of the currency, proceeding from redundancy, and •the want of confidence in its ultimate redemption, can only be corrected 'oy 'measures that shall both diminish its volume and sustain the •public confidence. The measures adopted by Congress to reduce the currency, did not combine these essential elements of success. Those who had taken the old notes, relying on the good faith of the Government, on finding them suddenly deprived of one-third of their nominal value, became alarmed and received the new notes under strong apprehensions of a repetition of the measure. At the time, too, that the currency act provided for a circulation exceeding four hundred millions of dollars, it circumscribed and reduced the demand for the notes, by making the four per cent, bonds, receivable in the payment of taxes. By the 1st day of August !$ 170,000,000 of the new notes had already been issued, and less than ^10,000,00.) sufficed for the payment of the taxes collected at that date. Depreciation commenced at once, and proceeded at so rapid a rate that by the 1st day of October, gold was selling at twenty-five dollars for one. The neces.sity of providing a speedy and efficient remedy for this condition of things is obvious. The bonds have to be sold for this currency ; the taxes must be collected in it, and hence all the means of the Government for the purchase of supplies will consist of this medium. Admitting that the :nnount which may bo raised from, these sources, is nominally equnl to the estimated expenditures, there is yet no secarity against such a further decline in the value of the notes as will disappoint present calculations, and add enormously to the accumulation of the public dobt. The time, therefore, seems to have arrived when Congress should take measures to restore and sus- tain the currency, or mvike provision for its honorable redemption, and resort to the use of specie an'l bank-note's. The adoption of tiie last alternative, it is feared, would produce great embarrassment in the community, and the impossibility of obtaining an adequate supply of spjcie and bank-notes for the wants of the Govern tnent, would create the necessity for a systom of universal impressments, followed by incalculable suffering and distress. That the Government must be supplied with sufficient means to carry on the war, all arc agr:!ed. Our enemy offers us no terras short of unconditional surrender of life, liberty and property, and no choice is left us, even if we were disposed to hesitate, which Ave are not, but to continue the war. The adoption, therefore, of a perma- nent and efficient system of finance is indispensable to the full devel- opment and unconstrained use of our resources. The return to specie payments being for the present impracticable, the enquiry is whether it is possible to restore ivnd maintain the value of the treas- ury notes as a currency. The accomplishment of this end is of such vast importance, that it i^, of all others, that to which the resources of the country should be devoted and applied. Were it possible to an- ticipate the productions of future years of peace, and convert them into money for immediate use the expediency of resorting to such a measure could not be doubted. May not a near approach to it be made by devoting a portion of those future productions to the purpose of imparting to the treasury notes a high and stable value ? I submit that this may be done, and re.spectfully propose a plan for its accom- plishment. It is an act pledging the faith of the Government against the issue of treasury notes beyond the amount authorised by the act of 17th February, 1864 ; exempting the notes from taxation ; providing for" the application of twenty per cent of the taxes annually to the reduction of that amount until peace be declared or the outstanding sum be reduced to 1$ 1 50,000,000; continuing the tax in kind after the war, and appropriating an ascertained proportion thereof annually to the redemn - tion or payment of the circulation, until the whole shall be retired. 8 I propose that the redemption shall be made from the tithes of cotton, wheat and corn, at prices fixed by the act, namely : cotton at fifty cents per pound, wheat at four dollars per bushel, and corn at two dollars per bushel ; that the notes be received after the war, from all persons liable to the tax in kind, in commutation of their tithes ; and that the Secretary of the Treasury be authorised to issue cer- tificates in exchange for treasury notes, bearing six per cent, interest, secured and redeemable in the same manner and on the same terms as the notes themselves, free from taxation and receivable after the war in payment of the tax in kind ; and that all notes, received into the treasury for these certificates, be cancelled. The effect of this measure would be that, at present prices, the en- tire population would be interested in exchanging their productions for treasury notes. They would constitute not only a safe currency, but a profitable investment, for in the ratio of ten dollars for one, as com- pared with specie, the produce obtained in payment at the close of the war, would cost the following prices, viz : cotton five cents per pound, wheat forty cents per bushel and corn twenty cents. These nominally low prices would not operate to the prejudice of the agriculturalist, for his tax, being in kind, would neither be increased nor diminished by the price. It is true he would have a collateral interest in common with tax payers generally, (for of course all in- terests will be taxed,) in the redemption of the notes at a moderate rate. In this respect his interest would be protected by the prices stipulated by the act, which are not too low for a time of peace. But if they were, a full compensation would accrue to the tax payer in the immediate enhancement of the notes and consequent reduction of expenses. And the producer would find a complete indemnity in the sale of a bushel of corn now at four dollars, and the application o f the money to the payment of a tax hereafter of two bushels. In suggesting the three articles of cotton, wheat and corn, as a specific pledge for the redemption of the currency, no immunity from their full proportion of taxation is intended to be implied, in respect of other objects of the tax in kind, or any subjects of taxation whatsoever. These are only assigned to this particular ofiSce or func- , tion because of their peculiar adaptation thereto. The following is an estimate of the resources to be thus applied, viz : wheat, twenty-five million bushels ; Indian corn, two hundred million bushels, and cotton, two million bales. A tax of ten per cent, would yield as follows : Wheat, two million five hundred thousand bushels at four dollars, $10,000,000 Indian corn, twenty million bushels at two dollars, 40,000,000 Cotton, two hundred thousand bales, at $200 per bale, 40,000,000 $90,000,000 This amount applied annually would redeem the notes outstanding in four or five years. The credit due to this estimate may be inferred from the following summary of the crops of the Confederate States before the war, taken from the United i^tatea census of 18G0 : so -3 I.. •oniBA ii;,ox "X -yi •£ 70 •£ CO X, -^ 00 ■:-i •<** a ao -' '•• >• ^- ~ '~ — •*'-•<« — o ' -. «^ M^ ^I^ O Tl ~ -^ •!< O |-~ r: 30 5 ^ ,^' 5' ZJ ,^ ^' 2 ~' ~' S" ~' ~^ f^ ■^l •^, ~ ~ ■'^ * — ^- — "-^ "^ f~ " 5 'j- 2J tr !r *" '"■' r"' -' '■'i ^ ■^'' 5 X Cl ^5 X c «r n -O O Ol .T -J. 2 "' r: ^ 3S '- '^ - 3^ f^ ^ -^ '-' '»"_■-<_ S-4 >0 CO^ Tj. o 1^ -^ CC i-f S-1 CO T, 'r ~ ~'' ~'' >- ~" — ?f I- d" 1-' -^ IL '-' 2 .S; v' -' t ~ T - C-. JC X • 8 n iB_i^ _. ". 7, 't "•. - -. ^, - '^^ ^, o I- **-—■'— """ 'O Ci O ») *r3 1"^ r— < Of »^ •spqsng _ •-. O o> ~ M ^^ L.T ci -^ •£ -^ I-) 1-^ o a M f- i~ 1.1 X fcS « eo -r "S" Ci 2S S '-"^ H' ■^i' -^* w ^" o i-T o" •* oi • an IV A o -1- -f :•» X X M r< ri -M r^ — -). icj M n o T« — eo CO ~ ;^ ic •^ ■^ i-^ X_ O :c ra X 71 — 1 o ^ ■<«< C-J cc 5C ■<*•" c^' cT i-T ^ |C ,C ^' ci" — " o" r-" I— 'J" 1— X ■— r— 1 »-< 1.1 ■>> M t~ — 00 — ^xco r-^xxoura: •spqsng 3-0 — COt^rJXCOMXM— -^ •-1^ l~ :0 O -^ Tf » M ?! -M X X lO 5»" ri 1 -f ■^' -m' — ' ^i c^' •^' o" ::i ^f h-' M T X -t< n t^ 01 O lO o r> ■M .— t^ ■M O C^ O •^ C5 ■^ ?5 ^1 00 ■'»< ri !?1 1-1 rH kO t^ -^ o I 8 :j •oniBA 0000000-0 030C ■^_ x_^ o_ o_ rj_ O C-_ X rj C- X ■* ?^ O* -m" Ti' x" o" — ' m" -ji' tr" e^ co" x" O* rroXtr'CO — — XOJ; — — S-J •-■? — -^^ CO I - -f t-l "l* O ■M -»•_ X I'^ ~ o' o' -^ o' c^ "*' CO co' •71" CI t— ■* n T I— ■ •<»> X t^ ■* nqSiOAV o~ 0000^000000 oc -r; -I o -? O ri ;; —< o -^ X 'J* o' '.o '.'5 o" o* CI >-•;* o' c-r tcT t— ' "o" o" o>oooe-^rj.•; c: n — M ^ -^ -r I.-; o o iM X CO — ?; o i~ o -r X o o o •n* cj Tj> c; o .-I ci o" co' — ' •^T rf o' Ti' 1-' c oi'-flT <-< t o o X o -o 01 — C> .-- rl CO l^ w". IM t— ^ 01 C^ ■&^ -5 'cf^J -7 1 3 2 i I 5 § .i: = = ?^.:s..o g 5 if = gj 10 The leading details of this plan or measure to reassure the public cf the safety of the currency, and the redemption of it in full, will consist of the ratio in which the selected staples should be com- bined, and of the provision necessary to equalize the value of the postponed and preceding instalments. The combination of the staples as recommended in this report is 1-9 of wheat, 4-9 of corn, and 4-9 of cotton. The scheme recommended in another plice, for the purpose of harmonizing the value of the successive instalments, is the substitution of certificates, bearing interest, for the currency, set apart by the holders, in cor^mutation of the tax, or to purchase the tithes. After the most careful investigation I am satisfied that the measure may be successfully reduced to practice. Under the operation of this system a sure appreciation of the cur- rency may confidently be expected. All will discern the advantage to arise from the acquisition of treasury notes at present prices, and even foreign capital may be expected to absorb a part, for, at the rate of ten dollars for one dollar of specie, the cost of cotton would be reduced to five cents per pound. Confidence may be expected to return ; for those who dread repudiation, and those who would regard the return to specie payments with equal alarm, would both be en- couraged and assured. In imparting increaeeil value and security to the treasury notes, greater reliance in the value of the fanded debt would be inspired, for the expenditures would bo reduced and the accumulation of debt be retarded. The currency debt being provided for, the total remainder, to-wit: the funded debt, would be as already stated, §738,310,090 And if to this sum be added the amount of bonds to be sold before the 1st January, which may be esti- mated at about, 40,000,000 The total sum of interest-bearing debt on the 1st of January, I8G5, will be, $778,340,090 The value of the real and personal property in the Confederate States in !860 according to the United States census, taken at specie value, was, $5,202,166,107 Notwithstanding the waste- and desolation of the war, and the amount of property in the enemy's lines, the subjects of taxation under the act of 17th February, 1864, according to the returns made to the commissioners by the assessors, under the act of 19th August, ISO I, is as follows, viz: Property employed in agriculture: Specie value, $2,900,758,777 Currency valued, at $5 for $1, $14,503,793,890 Other property : Specie value, 1,450,379,379 Currency valued at $7 for $1, 10,152,655,653 Specie value, $4,351,138,156 Currency value, ==,,=-— $24,656,449,543 11 . There is an element of our national wealth, taken singly, that exhibits, in a striking view, the amplitude of our resources to meet our wants. I refer to the great staple of cotton. The nett proceeds of one bale exported and sold in England at the present price is about two hundred dollars in gold ; and at the rate of ten dollars in cur- rency for one dollar in gold, this is equal to two thousand dollars; and to four billions dollars for the two millions of bales estimated to bo still in the country ; a sum more than five times as great as the funded debt. The impossibility of realising the full benefit of this resource under existing circumstances is admitted; but the statement exhibits the abundance of our means; and every effort should be made to apply this great element of wealth and power to the purpo^-e of arresting the progress of depreciation, and retarding the accumulation •of debt. I propose an additional duty of five cents per pound on the exporta- tion of cotton and tobacco and the duplication of the duties on im- ports; payment to be made in coupons of the five hundred million loan, sterling exchange and specie, as now provided by law. The price of cotton in Liverpool being about sixty cents per pound, the deduction of five cents for the tax would hardly have an apy>icci^b]e effect upon its value in currency. The duty would fall chiefly on the foreign consumer, or be taken from the profits of the exporter; and an important financinl advantage would be obtained at a moderate expeni>e to the country. The increased duty on iuiports would be a small tax on this lucrative trade. If paid by the importer, it would be free from all objecrion ; and if by the consumer, his ability to bear it is abundantly proven by the high price paid for goods. These measures would enhance the value and enlarge the demand for the five hundred million loan. The expenditures for the six months, from the 1st of January to the 1st of July, I8G0, with an improved currency, may be safely esti- mated at a maximum of ^3'-)0,UUl),()Ull ; and for the twelve months at, $6(JU,UUU,0l)0 To, this amount must be added for the redemption of notes as proposed, the sum of, 60, 000, 000 And for the estimated amount of floating" debt, ll'i,000,000 ^774,0(U),\IOO To meet these demands upon the Treasury, I propose the following scheme of taxation and loans, viz : 1. Taxation, including the tax in kind, $360,000,000 2. Sale of bonds of the 500-milIion loan and cer- tificates of indebtedness, 409,000,000 3. Import and export dues and miscellaneous re- ceipts, 5,000,000 $774,000,000 12 To raise the amount proposed by taxation, I^recommend the repeal of 80 much of the act amending the act of 17th February, 18G4, a3 ■will leave the property and income tax in full operation, without the ' abatements no)/f allowed, viz: Section 1, paragraph 1, of the amend- atory act of 14th June, 1S64, which provides that the value of the tax in kind shall be deducted from the ad valorem tax on agricultural property ; and section 8, paragraph 2, of the same act, which pro- vides that the property tax shall be deducted from the income tax. By this change the desired amount of revenue will bo secured, and the prominent inequalities of taxation, now the subject of complaint, will be redressed. The tax in kind being ten per cent., and its value in currency, • $145,0011,1)1)0, it follows that the productions taxed amounted in value to Sl,45!),()>)0,000 ; and the assessed value of the property from which these productions are derived being $2,900,758,778 40, it is apparent that the gross income of $1,450,000,000 is equal to fifty per cent, of the assessed value of the property. Hence, an a'gricul- tural estate of the value of $100,000, subject to an ad valorem tax of ^5,000, yielded a gross income of $50,000. The tithe of this in- come ($5,000) paid the property tax, and left undiminished $45,000 of income. This result was the consequence of valuing the property for taxation in specie, and the productions received in payment of the tax in currency. Had the property been valued in the medium in which the tax was payable, the assessment would have been at least $500,000, and the tax $25,000; or had the articles received in kind been valued, as the property was, in specie, the payment would not have exceeded $2,000, and $3,000 more of tax would have been received in currency. The inequality of taxation that resulted is made conspicuous by a comparison with investments made in Government securities. The same sum of $100,000, in eight per cent, bonds, yielding $8,000 per annum interest, paid $5,000 tax, and left a clear income of only $3,000. Capital invested in banking presents a contrast equally striking. One of the banks in Richmond, which is referred to as an example only, on a capital of $2,336,000, paid $424,400 taaes, the specie being assessed at eighteen times the value of 1860; and the amount distributed among the stockholders as income was $268,641). On $100,000 consequently, thus invested, the tax was $18,000, and the income $1 1,600. These inequalities give rise to grave complaints, whilst any amount of taxation equitably distributed ■would doubtless be cheerfully met. The collection of a large sum in taxes is essential to the reform of the currency, and the country is in a condition the most favorable to bear the burden. The abundance of money, and high price of every species of property and supplies, would render the payment easy and free from embarrassment. The treasury will derive little aid from this source in the present year. The tax on the currency brought no • revenue, operating only as a reduction of the circulation The other taxes, with comparatively little exception, will be received in four per cent, bonds. The taxes upon property and income respectively, are, 13 to some extent, nominal only ; the ad valorem tax on property engaged in agriculture being discharged by the credit of the tax in kind, and the income tax on other property diminished by the -whcle sum of the ad valorem tax. These abatements, and the payments in four per cent, bonds, result in reducing the revenue from taxation (exclusive of the soldiers' tax) to about !$40,OU(),()()0. The accompanying able report of the Commissioner of Taxes is referred to for much valuable and interesting information on this im- portant subject. Computing the property of the country at the present estimated value, the following is the existing rate of taxation, viz : Value of real and personal property in currency, rated at five to seven times the valuation of 1860, $24,666,449,551 Total amount of taxes, including the tax in kind, and the soldiers' tax, $287,000,000 which is at the rate of one'and one-sixth per cent. With this estimate of the resources of the Confederacy, the taxes proposed for the ensuing year cannot be deemed excessive. The sum of §360,000,000, reduced into specie at twenty dollars for one dollar, is only $1S,1>0U,000 ; and this amount, applied to the values of 1860, Tiz : $4,351,138,157, is at the rate of less than one-half of one per cent. And if the calculation is made in currency, viz : $360,000,01)0, upon an assessment of $24,656,449,551, it would amount to one and a half per cent. And when it is remembered that with the payment of the taxes quarterly, a measure ■which I strongly recommend, less than one-fourth of the currency will suffice for the quarter's tax, and the amount collected in any one quarter will be restored to the circula- tion before another becomes payable, it is apparent that the resources of the country are ample to meet the proposed increase of taxes. It may be objected that the several measures combined will unduly reduce the circulation, and expose the country to the evils of a declin- ing and insufficicient currency. The reply to this objection is, that the evils predicated are, to some extent, inseparable from the reduction of the currency and the improvement of its value. Any measures that are successful in effecting the desired reform must, of necessity, be fol- lowed by the trials that attend upon such a transition. If Congress does not interpose, and by some such measures as 1 have ventured to recommend, restore the currency, gradually, judiciously, and by means of voluntary action, it will assuredly rectify itself by some violent and disastrous convulsion. The developments attending the execution of the Currency Act of February 17, 1864, reveal clearly that the great body of the cir- culation is hehl in moderate sums by persons of limited means, in all classes of the population. The deposits held by the banks, large as they are in the aggregate, proved to be the accumulations of individual depositors in all parts of the country. The report of the depositaries, appointed for funding the old notes show that soldiers, soldiers' families and the poor generally, have been the 14 heaviest sufferers by the tax on the currency and its depreciation. In view of the large stake of the poorer classes of society in the currency, the responsibility of fixing the value and establishing the security of the notes, assumes the gravity of a sacred duty. The soldier, and all who are forced to the immediate use of their money, are without the chance of redress for the loss they sustain by the depreciation, whereas the capitalist has it in his power to indemnify himself, and even reap a profit by investing in public bonds. The measures proposed may be expected to correct this inequality, and give to those who claim our sympathy a mortgage upon our future supplies for bread at fair prices, and when the war is over the country will eRJoy the satisfaction of having protected its defenders from want. If the proposed reform should be followed by a general and large decline in prices, the result would be hailed with the liveliest satis- faction, except by those whose imprudent investments have con- tributed to the derangement we desire to correct. No improvement of the currency can be expected that will not be attended by an im- mediate decline of prices. It will, therefore, be idle to say that the reform of the currency is desired, if we are willing that existing prices should be continued, and to shrink from measures that will be attended by the results indicated, is *o oppose the reform of the currency. The time for hesitation is past, and one of two alternatives must be adopted. Measures should be taken, without delay, to revive confidence in the treasurv notes and uphold their value, or a tax payable in specie and the notes of solvent banks be resorted to. In the most favorable light in which the notes can be regarded, the purchasing quality does not exceed one to seven or eight, as compared with specie ; and the bonds are even lower in value, being sold at the rate of one hundred dollars in bonds for six dollars in specie. To continue such exchanges, if, indeed, for any length of time it were possible, would be ruinous. But my conviction is, that it is isipossiblc to persevere, and unless prompt and decided measures of reform ere adopted, the progress of depreciation will be accelerated, and our embarrassments become insurmountable. I would, there- fore, earnestly urge upon Congress the necessity of acting with dis- patch, and, by the adoption of vigorous and decided measures, restore the value of the currency and avert the calamity with which we are threatened. To remove apprehensions of our ability to bear with convenience the increased taxation recommended, it will suffice to call attention to the amount of taxes paid this year. The total amount of taxes is estimated at $374,188,414 But from this sura must be deducted the credit given for the tax in kind and the income tax, viz : 138,787,245 Leaving as the amount of taxes actually paid, $245,401,109 To this amount must be added the tax on treasury notes of thirty-three and a third per cent. ; and Carried forward, $-245,4Ul,169 15 Brought forward, _ ^ $245,401,169 as the four per cent, bonds have declined in ralue to $66.66 per $100, the tax, in efiect, included the ■whole sum of issues, except in so far as the bonds were used at par in the payment of taxes, viz : Total issue, $797,792,000 Less estimated amount of four per cent, bonds receivable in payment of taxes, 89,000,000 $:n8,792,000 $708,792,000 at thirty-three and a thiid per cent., 236,264,000 Sum of taxation actually borne by the people in 1864, $481,665,163 Of this sum there was received in aid of the Treasury, viz : Tax in kind, valued at $145,527,431 Tax paid in currency, . 40,000,000 $185,527,431 It is now proposed to raise $360,000,000, which will bring into the Treasury an excess over last year of 174,472,569 $360,000,000 whilst the sum of taxation to be met by the people will be $12 1,6 65,- 169 less than last year. T would respectfully recommend that all Government bonds and stocks, and loans of every description to the Government, be declared free from taxation, except upon the income derived therefrom ; and that the income tax be at the same rate and subject to the same con- ditions as other income taxes. The policy of this measure is cbvious. Under existing laws, except in the case of the five hundred million loan and the certificates of indebtedness, the income derived from Government securities, is nearly all taken back in the form of taxa- tion. One effect is to drive the bonds abroad and create a foreign debt that will be found oppressive on the return of peace, and an- other is to raise a preference for other investments over Government securities. Many investments yield a larger income than simple interest, and are capable of bearing the tax ; but the interest on Government loans being limited, and not susceptible of augmenta- tion, the tax of five per cent, absorbs nearly the entire income. In the case of the four. per cent, bonds the whole would be taken, and when it is remembered that this rate of interest is low, and that the loan was in a measure compulsory, this class of public creditors seem particularly entitled to the consideration of Congress. Tender re- gard for the just claims of those who, confiding in the honor and good faith of the Government, responded to its calls for pecuniary aid will be attended by no loss, since they who deal the most honorably with the creditor invariably borrow on the best and most economical terms. 16 I would particularly call attention to a class of creditors now lend- ing their money to the Treasury at four cent, interest, on the hypothe- cation of the six per cent, non-taxable bonis. It is obviously the interest of Government to exempt these loans from taxation, in like manner with the bonds they represent. The tax also upon the banks deserves, in a particular manner, the careful consideration of Congress. It would be a conspicuous wrong to constrain these institutions to wind up their affairs, and a serious loss, both to the public and the Government to deprive the country of the support to be drawn from the concentrated capital they possess. This, I think, must eventually be the effect of the present tax if con- tinued, and I recommend a modification of the law, such, in ray opinion, as will give the desired relief, and leave the revenue undi- minished. The assets of the banks represent the following interests: 1. The capital belonging to the stockholders. 2. The surplus fund also belonging to the stockholders. 3. The deposits belonging to their customers. 4. The outstanding circulation belonging. to the bill holders. The following plan of taxation is proposed : 1. That the ad valorem tax be laid upon the sura of the capital and surplus profits, being the total property of the stockholders expressed in currency. 2. That deposits be free from taxation, as consisting of treasury notes only, a tax upon which reacts upon the Government. 3. That a tax of twenty-five per cent, be laid upon the notes of the bank, payable in specie and treasury notes, the former in the propor- tion that the specie held by the bank, bears to the sum of the outstand- ing notes ; provided, that all bill holders, presenting their notes at the bank and making affidavit that the notes were, on the day of the passage of the act, the property of loyal citizens or aliens in amity with the Confederate States, shall be taxed five per cent, only, and in the same proportions as to specie and treasury notes. And that it be made the duty of the bank to record the notes thus presented, with the names of the persons holding the same, and to collect and pay the tax, and to report to the proper officer for sequestration, as in the hands of the enemy, all notes not presented for record and taxation under the provisions of the act.- Tho circulation of the banks on the Ist of January, 1859, was as follows, and there is no reason to suppose that it is now any less : Virginia, $10,349,342 North Carolina, 6,202,626 Georgia, 11,687,582 South Carolina, 9,170,333 Alabama, 6,651,117 Louisiana, 9,094,(i09 Mississippi, 169,400 Tennessee, 6,472,822 $59,797,231 17 If limited to the five first named States, the tax would still operate on a sum of forty-three million dollars ; and if the returns shall ex- hibit a smaller amount than this, the residue would be brought under sequestration, and contribute more largly than the tax to the relief of the treasury. The courts having decided that, under the act of 15th February, 1862, section twenty-seven, the four per cent, bonds, issued under the act of 17th February, 18G4, to reduce the currency, are receiva- ble in payment of property sold under the sequestration laws, I would respectfully call the attention of Congress to the subject. This can- not have been the iutention, and as no other bonds are thus applied, but such as are under par, I recommend the repeal of that provision of the law. I would also direct the attention of Congress to the 7.30 notes. The payment of interest is attended with the risk of frauds, and the regulations adopted for the security of tbe treasury are found incon- venient to the public. For these reasons it is desirable to change the form of these obligations, and I recommend that authority be given to insue six per cent, coupon bonds in exchange for the notes. This measure would effect a saving in interest of one million three hun- dred thousand dollars annually, which sum capitalised is equal to a reduction of neafly twenty million dollars of the principal of the debt. In the act of June 1 4,- 1804, to increase the compensation of the heads of the several executive departments, and other officers and clerks of the Government, the terms used have been decided not to include the Commissioner of Taxes, and the heads of the other bu- reaus of the Treasury Department, it is not supposed to have been the intention of Congress to deny these officers the relief extended to others, and I suggest the early passage of an act to bring them within the meaning and entitle them to the benefits of the act of Ist June. The third section of the act ** to organiz.o forces to serve during the war," approved 17th February, 18C4, authorizes the Secretary of the Treasury to issue bonds for the p^yraent of the bounty pro- vided by the act, but omits to fix a time for the payment of the b'ond^ ; and I respectfully recommend that the act be amended in that particular. I have the honor to report that the agency of the Treasury in the trans Mississippi department has been organized and put in operation, after a protracteil debiy occasioned by the difficulty of communication. The same cause has retarded the receipts therefrom of statements ex- hibiting the result of the funding and of its other operations. Sup- plies of the new issue of treasury notes, of bonds and certificates of indebtedness, have been sent to that department, and there is every grounil to believe that order and efficieucy will soon take place, and the difficulties and enibarras::ment8 hitherto experienced there be re- moved. The reports of the Chiefs of the Produce Loan Bureau and of tho Treasury Note Bureau will be submitted to Congress in a separate communication. 0. A. TRENHOLM, 2 Secretary of Treasury. ptEP^ o m? or THE C0M311SSI0NER OF TAXES. Office of Commissioner of Taxes, > Richmond, October 2 S, 1864. ), Hon. G. A. Trenholm, Secretary of the Treasury : Sir : I have the honor to refer you to the tables hereto attached",, showing the estimated sum which will be realized for the year 1864. from the tax laws now in force in each of the States in the Confeder- acy in which it is practicable to collect taxes. The process by which these estimates have been arrived at will be seen by reference to the attached statements. By reference to table marked A, it will be seen that the total amount is $145,527,431 34. These estimates are pre- dicated upon the returns of war-tax assessments for the year ISGI. The original assessments thus taken have been increased twenty per centum, to cover such objects of taxation as were not taxable under the act of 19th August, 1861, but which are included in the general terras " real, personal and mixed of every kind and description," as employed in the act of 17th February, 1861. To this estimate has been added the estimated value of gold and silver plate, jewels, jewelry and watches, in each State, the tax upon which is ten per cent. — five per cent, more than that levied upon the other objects of taxation. Deductions have been made for regions occupied by the public enemy, and destruction of crops, &c., and these are based upon such meagre information as could be derived from my knowledge of the foothold of the enemy in the several States, and from such general items of information con- nected therew ith as would influence the allowance of per centage. In arriving at the amount of tax above stated, certain deductions^ have been allowed on account of property employed in agriculture- and the credit required by law upon the income tax, where the prop- erty and effects producing the income have been taxed. It is esti- mated that at least two-thirds of the property of the Confederate States is employed in. agriculture, and that the income tax for the 20 jear 1864 Tsill be diminished at least ten per cent, by the deduction, on account of ad valorem tax. The estimate of all other taxes (under the act of 24th of April, 1363, rs amended and approved 17th February, 1864,) is based upon the collections as already returned to this office. This is done in tho absence of the assessment lists, ^Vhich should form the proper basis for all estimates of this character, as they alone can furnish reliable data. These lists have been returned very lute, and in many cases they have not bet^ returned at all, and the clerical force is not sulficient for their examination, even if the clerks were permitted to remain at their duties. It is superfluous for me to say that a large number of my cleiks have been in the field for weeks past, and that prior to that time they '.vere subject to constant calls during the summer, and were cut a month at a time on some occasions, consequently the lists have not been examined as they should have been. The soldiers' fund tax, by the terms of the law, is one-fifth of all other taxes imposed upon subjects of taxation for the year 1864, and includes property employed in agriculture, without any deduction on account of tithes paid. By statement B, herewith, it will be seen that the amount of taxes actually collected and reported to this office is 1$ 1 18,845,744 57. This includes the tax of 1863, and what has been collected and re- ported under the act of 17th February, 1864, and amendments, and the soldiers' tax act. It is impossible at this time to segregate the amount collected under each law, much less to state in what propor- tions it is derived from the many sources or subjects of taxation. It will not be possible to do this, or to approximate the amounts, until the lists have been received and examined, full returns made from all the States, and the books of this office for the tax year shall have been fully made up and completed. The taxes for this year, from the best information I can obtain, will all, or nearly so, be collected by the 1st of January, except, of course, the income and such other taxes of the year as are not payable till 1865. I have endeavored to estimate the probable proportions of the tax of this year which will be collected in four per cent, certificates and currency. Inasmuch as it is to the interest of the tax-payer to use the four per cents in payment of his taxes, it is presumed that he will do so in every case in which they are receivable, and that no currency will be used when the certificates will answer the same purpose. By the terms of the law, as before stated, the soldiers' fund tax must be paid in currency of the new issue, ar.d the estimated amount of this tax in all the States is $45,653,693 73. Then the tax on coin, bullion, foreign exchange, &c., must be paid in coin, or treasury notes of the new issue, or of the old at a reduc- tion of one-third. "What the amount of this tax will be, I have not the most remote means of ascertaining. Besides, it is impossible to conjecture what proportion of it will be paid in coin, or what in cur- rency, at the commutation value of coin. The presumption is, how- ever, that much the greater portion will be paid in currency. Then, as a mere guess, I would say that $l(),n0O,OUU additional will be paid 21 in currency, making $55,6o3,693 73, and after deducting this sum from the whole amount of estimated taxes for the year 1864, there remains $.i9,873,737 61, which will be paid in four per cent, cer- tificates. It is impracticable to say or e^en to approximate with any degree of certainty the proportions which the different interests of the com- munity will pay of the estimated taxes for this year. After full returns shall have been received, and the books of the office are made up, something satisfactory on this subject may be arrived at. I can state, I think, with tolerable accuracy, from investigations on the subject, that the agricultural interest, in addition to the tithe, will pay about one-third of the money tax, or $48,5t)9, 1 43 78. The tithe estimated at the valuation placed upon it in 1863, (the market yalue in Confederate currency hi the neighborhood where. assessed,) will probably be equal to the money tax, say $145,527,431 o4. The value of the property from which tithes are to be collected is esti- mated to be two-thirds of the value of the whole amount of property taxed under the act of 17th February, 1864, say $2,900,758,778 40. This is the estimated value of the property employed in agriculture, from which the tithe is to be collected, upon the basis of valuation of 1861, which may be regarded as a specie basis. It is estimated that this class of property has appreciated at least five-fold in Confederate currency, and by multiplying the specie value by five, the result is $14,503,793,892, its present value in currency. I beg leave to refer to some of the inequalities in the present tax laws. The tax on gold and silver coin, moneys held abroad, and for- eign credits, is five per cent, on the amount, to be paid in specie, or in currency at the rate of eighteen dollars in currency for one dollar in coin. All property (including cotton, tobacco, land and slaves not purchased since the 1st day of January, 1862) is to be assessed art its value in 1860, or upon a specie basis, and the tax on this is only five per cent., to be paid in currency. Here exists a very great inequality. A tract of land worth § 10,000 in coin in 1860, and pre- sumed to be worth the same now, only pays !§500 in Confederate notes or four per cent, certificates, whereas $10,000 in gold coin pays $500 in coin or its equivalent in Confederate notes, at the rate of eighteen for one, which is $9,000. Paragraph three, section four, act of 17th February, 1864, which levies a tax of twenty-five per cent, additional in certain cases, has been construed by the Attorney General only to include corporations and joint stock companies; and that simple companies or co-partner- ships and single owners of manufacturing establishments are exempt from the tax. If the .company is not a Joint stock company, it is held that the act does not embrace it, no matter how great its profits may be. It appears to me that Congress did not intend that the large num- ber of co-partnership and individual owners of manufacturing estab- lishments should escape this tax. Suppose two cotton mills in the same county, as frequently occurs. The one is owned by a joint stock com- pany and the other by a simple co-partnership or by a single Individ- ual. Their profits may be equal, or those of the simple co-partner- ship or indiviJual may greatly exceed those of the joint stock com- pany; yet the one is heavily tared upon its profits while the other pays nothing. This inequality, I think, should be remedied by an amendment. The present general scheme of taxation, I think a good one, and, with a few alterations, will work well and satisfactorily to the public, and produce a large amount of revenue. In all the legislation of Congress upon the subject of taxes, the agricultural interest has been too much favored. It is not so much the amount as the inequality of taxes which produces discontent and murmurings among the tax- payers. The acts of Congress now in force would raise a very large amount of revenue but for the allowance of credits, whereby one tax is cancelled by another. Thus, the farmer is assessed upon all his property and then allowed a credit upon his property tax to the amount of the value of his tithes. Other classes are taxed upon their prop- erty and allowed to deduct the ad valorem from the tax on the income derived from such property. This multiplies labor and expense without increasing the revenue. Tax-payers complain of two heavy taxes, when in effect there is only one, for the excess of income above th^e ad valorem tax is all that is subject to income tax. I would, therefore, respectfully recommend that all these credits be abolished, and that property be taxed on the basis of ISGO, as it is now. Let the tax be required in specie or its equivalent in Confede- rate notes, at the option of the tax-payer. Let the law taxing busi- ness avocations and professions, and the income of every person, partnership and corporation remain as it is, amending as above sug- gested. The merchant will then pay his property tax, his business tax, and his income tax, and the farmer and planter will pay his property tax ; and his tithes, according to existing provisions, will be an equivalent for and received in full satisfaction of the tax on income derived from his property employed in agriculture. All this may be effected by simply repealing those clauses wbich allow the value of the tithe to be credited upon the ad valorem tax on property employed in agriculture, and the ad valorem tax on property not so employed to be credited upon the income tax derived from sucli iproperty. In my opinion, as little change in the law as practicable •should ba made. Tax laws should be free from doubt and pcmanent, •and, at the same time, simple. It would be very difficult, however, >to devise a simple scheme of taxation in view of the great multiplicity • of objects to be taxed. The present one, though complicated, is now jpretty well understood by the officers, and, in most cases, works har- rmoniously. Frequent changes produce confusion, dissatisfaction in the public mind, and great delay and additional expense in the assess- ment and collection of taxes. The amendments of the last session of Congress have thrown back the business Sitvcral months, and in view of the necessary alteration of established forms, &c.,has caused very great additional expense. But for such alterations, collections would have commencecl under the act of ITth February promptly on the 1st of June, and by this time wpuld very likely be nearly advanced to com- pletion. Should the credits before referred to be repealed, and all property and effects be valued upon the specie basis, and the tax required in specie, or its value in currency, it would be necessary to reduce the rate per centum of taxation to one or two per cent., perhaps, accord- ing to the amount it might be desirable to raise by taxation. I regret my inability to report to Congress a larger amount of col- lections. The causes have been already partially alluded to. Besides the delay occasioned by the amendments to the law, change of forms, etc., my office has had to contend with many diflBcultics and disadvan- tages growing out of a multiplicity of ' causes. By reason of restrictions imposed in the law, it has been difHcult from the start to secure competent clerks. By the thirty-ninth section of the assessment act, no one could be appointed for duty in this oilice who was under forty years of age, unless he had been discharged from military service by reason of physical disability incurred therein, or found unfit for such service by a competent board of surgeons. Physical disability was therefore made a qualification by law for an appointment in this office, and the consequence is, that some of the worthy, and otherwise fiithful and competent gentlemen, serving therein as clerks, are frequently unable to attend to their duties. Kearly all belong to the local forces, and those who are sufficiently healthy have frequently been called away from their duties to the field, and, since the oth of May, have been absent most of the time from that date to the present. It is extremely difficult to find competent persons, above the age of forty-five, willing to accept these positions. Under the most favorable circumstances it is difficult to procure the stationery and printing necessary to supply the immense number of forms, lists and tax books for assessing and collecting the taxes, and after these had been procured, at great labor and expense, such alter- ations were made in the laws as necessitated corresponding changes in the forms, and much of the work had to be done over again. Then ihjcs printers, postoffice clerks, etc., were called out at the most critical juncture, and for a long time it was impossible to have any printing or binding executed, or to transmit the documents after they w\^re printed to th.e various State collectors for distribution. And thus the distribution of forms, and the dissemination of the various and neces- sary instructions were retarded, and officers at remote points were long left in ignorance as to their duties under the law. Contracts were made in Richmond with parties to furnish the tax digests for those States in which they could not be procured, and these books would long since have been completed and sent away, but for the fact that the contractors have lost their printers and binders, who have been placed in the field, and, consequently, the work is now sus- pended. I am powerless to devise a remedy, and, as much as I regret the delay, it will be seen that I am in nowise responsible for it. And, unless Congress should devise the means of preventing such inter- 2-1 ruptions in future, the functions of this office, I fear, will be paralyzed, if not suspended. Owing to the diflicultv of communication with the trans-Missis- sippi department, since the fall of Vicksburg, but little is known as to the condition or projrress of the tax business in that department. Eut ample instructions have long since been sent to Judge Gray, the agent of the department, by which full control is placed in his hands, of the operations on that side, and the State collectors are directed to report to him, and he is directed to forward to this bureau periodical reports of their actings and doings. Since the recapture, by our forces, of the town of Washington, N. C, the counties of Hyde and Beaufort having again fallen within our lines, the assessors and collectors for those counties were proceeding to enforce collections ; but, in consequence of the ruin and destruction of property during the long occupancy of those regions by the enemy, several earnest remonstrances, from highly respectable sources, were addressed to the department, against the collection of taxes in those counties, and asking a suspension of assessments and collections till after the meeting of Congress. In accordance with directions from the department, I ordered the suspension asked till thirty days after the meeting of Congress, in order that measures for the relief of the people of those counties might be considered by that body. A suspension of collections was likewise ordered in certain portions of Culpeper county, Virginia, for similar reasons. The attention of Congress is respectfully called to the subject. I am confident that the whole expense of assessing and 'collecting the taxes, including stationery, printing, books, etc., as well as the expenses of this bureau, will not exceed one per centum. 1 make this Statement with much pride and pleasure, because I doubt if ever, in any country, before, public or private dues have been collected at such an economical rate. This fact attests the patriotism of the tax officers, many of whom serve the Government in that capacity for less than no compensation, because their expenses while employed in the discharge of their duties greatly exceed their income. The average salary of a collector is, say, $2,()()l) in currency, which, rated at its value in coin, or at its capacity to purchase the necessa- ries of life, is less than %\U{), Before closing, I bog leave to call the attention of Congress to a subject which deeply concerns many of our collectors, and to recom- mend action for their relief. 1 refer to the subject of counterfeit treasury notes received in payment of taxes. The act of thirtieth January, 18G4, entitled "An act to extend the provisions of an act in relation to the receipt of counteifeit treasury notes," etc., relieved them up to the first day of January, 1864, but no further, I would respectfully recommend the passage of a similar act, extending relief to the first day of January, 1865. Kespectfully submitted, THOMPSON ALLAN, Commissioner. 2a Alabama. Total value of real and personal property in the State of Alabamfi, subject to taxation under the act of February 1 7th, 186i, on the basis of valuation established by said act: Estimated by returns of assessments under act of August 19th, 1861, $459,732,117 41 To which add twenty per centum for assessments of property not sub- ject to taxation under said act, but now taxable, (estimated,) 91,946,423 44 551,678.540 85 Estimated tax thereon at 5 per cent., 27,583.927 04 Jewelry and watches, (say $1,- 50U,000,) 5 per cent, additional, 75,000 00 27,658,927,04 Deduct on account partial occupa- tion by public enemy, say 10 per cent., 2,765,892 70 Estimated amount of property tax, under act February 17, 18G4, 24,893,034 34 Deduct on account credit tax in kind, say two-thirds, $16,595,356 22 Deduct on account credit income tax 10 per cent., 2,489,303 43 19,084,659 65 Estimated nett proceeds property tax, 5,808,374 63 Estimated amount of all other taxes, (under act 24th April, 1863,) less estimated amount assessed un- der first section of said act, now repealed, 6,000,000 00 Estimated amount of 30 per cent, tax, section 6, act June 14, 1864, nominal, 200,000 00 Aggregate amount of taxes for 1864, acts April 2 1, 1863, February 11, 18i;4, June 14, 1864, 12,008,374 69 Soldiers'' Fu7id Tax — One-fifth of $24,893,034 34 $4,978,606 86 One-fifth of 6,000,000 00 1,200,000 00 One-fifth of 200,000 00 40,UOO 00 6,218,606 86 Total, $18,326,981 55 26 Arkansas. Total value of real and personal prop3rty in the State of Arkansas, subject to taxation under the act of frth February, 1864, on the basis of valuation established by said act : Estimated by returns of assessments under act of August 19, 1861, $122,579,117 00* To which add 20 per centum for assessments of property not subjected to taxation under said act, but now taxable, (esti- mated,) 24,515,823 00 147,094,940 00 Estimated tax thereon at o per cent., 7,354,747 00 Jewelry and watches, ( say ^$500,000,) 5 per cent, addi- tional, 25,000 00 7,379,747 00 Deduct on account of partial oc- cupation by public enemy, say CO per cent., 4,427,848 0!) Estimated amount of property tax under act of February 17, 1864, 2,951,899 00 Deduct on account credit tax in kind, say two-thirds, 1,967,933 00 Deduct on account credit income tax, say 10 per cent., 295,189 00 2,263,122 00 Estimated nett proceeds property tax, 688,777 00 Estimated amount of all other taxes under Act 24th April, 1863, less estimated amount assessed un- der first section of said act, now repealed, 1,500,000 00 Estimated amount of 30 per cent, tax, section 6, act June 14, 1864, nominal, 20,000 00 Aggregate amount of taxes for 1864, acts April 24, 1863, February 17, 1864, June 14, 1864, 2,208,777 00 Carried forward, $2,208,777 00 *Eight counties not assessed. Brought forward, $2,208,777 no Soldiers' Fund Tax — One-fifth of $3,951,899 00 $590,379 00 One-fifth of 1,500,000 00 300,(00 00 One-fifth of 20,000 00 4,000 00 894,379 ('( Total, $3,103,156 i:ti Florida. Total value of real and personal property in the State of Florida, subject to taxation under the act of February 17th, 186 1, on the basis of valuation establibhed by said act : Estimated by returns of assessments under act of August 19th, 1861, $49,480,561 00 To which add 20 per centum for assessments of property not subject to taxation under said act, but now taxable, ( esti- mated,) 9,896,112 00 59,376,673 ("i Estimated tax thereon at 5 per cent., 2,963,833 Qo Jewelry and watches, (say $300,000,) 5 per cent, addi- tional, 15,000 00 2,983,833 65 Deduct on account of partial oc- cupation by public enemy, say 12 per cent., 358,060 03 Estimated amount of property tax, under act of February 17, 1864, 2,625,773 62 Deduct on account credit tax in kind, say two-thirds, 1,750,515 74 Deduct on account credit income tax, gay 10 per cent., 262,577 CG 2,013,093 10 Estimated nett proceeds property tax, 612,680 52 Carried forward, ' $612,680 52 28 Brouglit forwani, ' $G12,680 52 Estimated Hruount of all other taxes under act 24th, April, 1863, less estimated amount assessed un- first section of said act, now repealed, 1,000,01)0 00 Estimated amount of 3i) per cent, tax, section G, act June 14, 1864, nominal, 25,000 0() Aggregate amount of taxes for 1S6-/, acts April 24, 1863, February 11, 1864, June 14, 1864, 1,637,680 o. Soldiers^ Fund Tax — One-6fth of S2, 625,773 62 $525,154 72 One-fifth of 1,000,000 00 200,000 00 One-fifth of 25,000 UO 5,000 00 730,154 72 Total, $2,367,835 24 rEORGIA. Total value of real and pergonal property in the State of Georgia subject to taxation under the act of February 17, 1864, on the basis of valuation established by said act: Estimated by returns of assessments under act of August 19; 1861, !$564,173,946 82 To which add twenty per centum for assessments cf property not subject to taxation under said act, but now taxable, (esti- mated,) 112,834,789 36 $677,008,736 18 Estimated tax thereon at five per cent., 33,850,436 80 Jewelry and watches, (-ay $2,- 500,000,) five per cent, addi- tional, 125,000 00 $33,975,436 80 Deduct on account partial occu- pation by public enemy, say five per cent., 1,698,771 84 Estimated amount of property tax, under act February 17, 1864, $32,276,664 96 Carried forward, $32,276,664 96 29 Brought forward, $32,276,664 96 Deduct on account credit tax in kind, say two-thirds, S21, 517,776 64 Deduct on ac- count creditin- con:e tax, eay ten per cent. 3,227,666 49 24,745,413 13 Estimated nett proceeds property tax, 7,531,221 83 Estimated amount of all other taxes, under act April 24, 1SC3, less estimated amount assessed undx?r first section of said act, now repealed, 15,000,000 00 Estimated amount of thirty per cent, tax, section six, act June 14, 1864, nominal, 300,000 00 A^'gregate amount of taxes for 18G4, acts April 24, 1863, February 11, 1864, June 14, 1864, $22,831,221 83 Soldiers^ Fund Tax — One-fifth of $32,276,664 96, $6,455,332 99 One fifth of 16,000,000 00, 3,000,1)00 00 One-fifth of 300,000 00, 60,000 00 9,515,332 99 Total, $32,346,554 82 Louisiana. Total value of real and personal property in the State of Louisiana puVject to taxation under the act of Feb'-uary 17, 1864, on the basis of valuation established by said act^, estimated by return^ of assessments under act of August 19, 1861, $534,921,329 01 To which add twenty per centum for assessments ol property not subject to taxation under said act, but now taxable, (esti- mated,) 106.984,265 80 $641,005,594 81 Estimated tnx thereon at five per cent., w $32,1195,279 74 Jewelry and watches, (say $2,- 000,(100,) five per cent, addi- tional, 100,000 00 Carried forward, $32,195,279 71 30 Brought forward, $32,195,279 74 ]_)educt on account partial occu- pation by public enemy, say fifty per cent., 16,097,639 87 Estimated amount of property tax, under act of February 17, 1804, 16,097,639 87 Deduct on account credit tax in kind, say two-thirds, $10,731,759 90 Deduct on ac- count credit in- come tax, say ten per cent., 1,609,763 98 SI ^.34 1,523 88 Estimated nett proceeds property tax, $3,756,115 99 Estimated amount of all other taxes under act 24th April, 18G3, less estimated amount assessed under first section of said act, now repealed, 4,000,000 00 Estimated amount of thirty per cent, tax, section six, act June 14, 1864, nominal, 50,000 00 Aggregate amount of taxes for 1SG4, acts April 24, 1863, February 11, 1864, June 14,1864, $7,806,115 99 Soldiers^ Fund Tax — One-fifth of $16,097,639 87, $3,219,527 97 ()ne-fifth of 4,000,000 00, 800,000 00 One-fifth of 50,000 00, 10,000 00 4,029,527 9' Total, $11,835,643 96 Mississippi. Total value of real and personal property in the State of Mississippi subject to taxation under the act of February 17, 1864, on the basis of valuation established by said act, estimated by returns of assessments under act of August 19, 1861, $447,616,073 00 To which add twenty per centum for assessments of property not subject to taxation under said act, but now taxable, (esti- mated,) 89,523,214 00 $537,139,237 00 31 Estimated tax thereon at five per cent., $26,856,964 35 Jewelry and watches, (say §1,- UOO,UOO,) five per cent., addi- - tional, 50,000,000 $26,900,964 35 Deduct on account partial occu- pation by public enemy, say , fifty per cent., 13,453,482 17 Estimated amount of property tax, act February 17, 1864, $13,453,482 18 Deduct on account credit tax in kind, say two-thirds, $8,968,988 12 Deduct on account credit income tax, say ten per cent., 1,345,348 21 10,314,336 33 Estimated nett proceeds property tax, $3,139,145 85 Estimated amount of all other taxes under act 24th April, 1863, less estimated amount assessed un- der first section of said act, now repealed, 2,000,000 00 Estimated amount of thirty per cent, tax, section six, act June 14, 186 J, nominal, 50,000 00 Aggregate amount of taxes for 1864, acts April 24, 1863, February 17, I8G4, June 14, 1861, $5,189,145 85 Soldiers' Fund Tax — One-fifth of $13,453,482 18, $2,690,696 43 One-fifth of 2,0U0,000 00, 400,000 00 One-fifth of 50,000 00, 10,000 00 3,100,696 43 Total, $8,289,842 25 North Carolina. Total value of real and personal property in the State of North Caro- lina subject to taxation, under the act of February 17, 1864, on the basis of valuation established by said act : Estimated by returns of assessments under act August 19, 1861, $286,406,625 00 Carried forward, $286,406,625 00 32 Brought forward, $28G,l''6,22o 00 To which add 20 per centum for assessments of property not subject to taxation under said act, but now taxable, (esti- mated,) 1 57,281,125 00 343,G86,7.)0 00 Estimated tax thereon at 5 per cent., 17,184,337 50 Jewelry an?a'vy Department, 14,005,134 75 State Department, 63,355 00 Department of Justice, 715,074 26 Postoffice Department, 294,349 93 ^liscellaneaus, 15,000,000 00 Aggregate, $488,039 , 315 73 TfiEASURY Department, ) Begkkr's Office, Oct. 24, 1864. \ C. T. JONES, i. Acting Register. HOUSE OF REPRESENTATIVES. House of Representatives, ; Chrk's office, October 15, 1864. \ lion. G. A. Trenholm, Secretary of the Treasury : Sir : I have the honor to submit the following estimates for appro- priations which will be required for the House of Representatives, for the six months ending June 30th, 1865, viz : Compensation and mileage of members and delegates of the House of Representatives, two hundred thousand dollars, $200,000 Compensation of officers, etc., of the House of Repre- sentatives, ten thousand dollars, 10,000 Contingent expenses of the House of Representatives, forty thousand dollars, 40,000 Total, $250, 000 Very Respectfully, A. R. LAMAR, Ckrk, 45 SENATE. OpricE Sergeant- AT- Arms, C. S. Senite, > Rkhnumd, October 24, 1864. J Hon. O. A. Trenholm, Secretary of the Treasury : Sir: I respectfully submit the following estimate, showing the amount required for the expenditure of the Senate of the Confederate States, for the six months ending June 30, 1865, to-wit: For compensation andlaileage of Senators, $97,000 For pay of officers and clerks of the Senate, 14,000 For incidental and contingent expenses of the Senate, 14,000 Total, $125,000 Very respectfully, your obedient servant, L. H. FITZ HUGH, Sergeant-at-ArmSf C. S. Senate, J EXECUTIVE OFFICE. Confederate States op America, Executive office^ Richmond, V»., Oct. 19, 1864. Son. Secretary of the Treasury : Sir : I have the honor to submit the following estimate for trans- mission to Congress : To meet the '' telegraphic and contingent expenses of the Execu- tive Department," for the six months beginning January 1, and end- ing June 30, 1865, there, will be required an appropriation of ($30,000) thirty thousand dollars. Very respectfully, your obedient servant, BURTON N. HARRISON. Disbursing Agent. COMPENSATION OF THE PRIVATE SECRETARY OF THE VICE PRESIDENT. The salary of this officer was established by the act approved Octo- ber IS, 1862, at $1,000 per annum. The act approved January 30, 1864, increased it one hundred per cent., or to $2,000. (See, in connection, act approved February 17, 1864, chapter 53, page 199.) This increase expires on the 1st of January, 1865. The amount • 46 standing to the credit of the appropriation for his compensation is $879 54, \vhile the amount due him is $1,500, to December 31, 1S64. The deficiency to be provided for, is, accordingly, $020 46 Estimate for six months, ending June 30, 1S65, 500 00 ' Total requiredioO ,ki,^..,,„. ?^'>2«^i^ \aiw0AB ,»i«abu «at«i9ffn^ Mf* TREASURY DEPARTMENT. t ESTIMATE of appropriations under the control of the Treasury JDepartmtnty required from January 1st to June 30, 1865. Compensation of the Secretary of the Treasury, Assistant Secretary, Comptroller, Auditors, Treasurer and Register, and olerks and messengers in the Treasury Department, $670,000 Incidental and contingent expenses of the Treasury De- partment, 200,030 Payment of the principal, under loan of August 19, 1861, due July 1. 1865, 1,449,600 Rent of executive buildings and President's house, 45,000 Deficiency in same appropriation for the half year ending December 31, 1864, 20,000 Compensation of the agent of the Treasury Department, ^3t of the Mississippi river, and auditor and comp- troller, and clerks and messengers in their bureaus, 30,000 Incidental and contingent expenses of the treasury ser vice west of the Mississippi river, 50,000** Travelling and other expenses incidental to detection of -; ^ persons engaged in preparing and passing forged treas- ury notes, 10,000 Salary, cierk-hire and other expenses, agent of Erlanger loan in Paris, ; ^ '^r. eviJi ^i^'^zl 10,000 Transmission of C. S. funds, .rruf'^f Yvf^vdi t- 120,000 ■Compensation of officers, incidental and contingent ex- penses, including wages of workmen, pay of laborers, if necessary for mints and independent treasury, 50,000 Redemption of 1-40 £3,000,000 principal, 7 per cent. foreign loan, due September 1 , 1865, £75,000, a $4.85, 363,750 Erecting staircase in the building occupied by the treas- ury department, connecting first and second floors, 2,000 Engraving and printing treasury notes, 1, GOO, 000 Total, J. Jtj'^, m .J. % '$4,620,350 '^ 1^ »i G. A. TRENHOLM, ^ o< to , J0t»3 ''■ Secretary of Treasury. 47 WAR DEPARTMENT AND P03T0FFICE DEPARTMENTS. These estimates are filed with the Department reports. NAVY DEPARTMENT. [No. 1.] ESTIMATE of the amount required for the compensation of the Sec- retary of the Navy, clerks, and messengers in his oJicCy from the 1st of Jatiuary to tlie 30/A of June, ISiJo. For salary of the Secretary of the Navy, iacluding increase author- ized by the act of June 14th, 1864, $4,500 For salary of chief clerk also corresponding clerk anddis- bursing agent, including increase authorized by the act of June 14th, 1864, 2,100 For salaries of twelve clerks and two draftsmen, including increase authorized by the act of June 1 4th, 1861, at $2,000 each, 28,000 For salary of messenger, including increase authorized by the act of June 14th, 1864, 1,000 $35,600 Thirty-five thousand six hundred dollars. S. R. MALLORY, Secretary of the Navy. C. S. Navy DkpartiMent, Richmond, 'Oct. 12, 1864. [No. 2.] ESTIMATE of the amount required for thi Incidental ayid Contin- ' gent Expenses of the Nwy Department from the 1st of January to the S{)th of June, 1865. For fuel, lights, stationery, telegrams, postage, farniture, and labor, $15,000 $15,1)00 Fifteen thousand dollars. C. S NaVF DEPAftTMENT, Richmond, Oct. 12. 1864. S. R. MALLORY, ^ Secretary of the Navy. 48 [No. 3.] ESTIMATE of amount required under the head of Pay of the Navy, for the the half year ending on the SUM day of June, 1865. - b i^-S -e 5 ss. • — a »-. For whom reqair«d. ■^•s •^§ . a H &a5? fe-2 § V 2 V * «• * J a -< < -<^ < 4 Admirals, Sfl.noo $24,000 00 $12,000 00 10 Captaioi, 4.700 47.«00 00 23.500 00 SI Commanders, 3.700 114,700 00 67,350 «'0 100 First LicuteDantR, 2.834 283,400 00 141,700 00 25 Second Lieutenants, 1.SI5 45.375 00 22.687 50 20 Masters in line of promotion, 1.665 33,300 00 16.650 00 13 Paymasteri, .^.225 ss.roo 00 14.350 00 40 Assistant Pajmasters, 1.875 75.000 DO 37,500 00 22 Surgeons, 3,175 69.850 00 34.925 00 15 Passed Assistant Surgeons, 1,950 29.250 00 14,675 00 SO Assistant Surgeons, 1,515 45,450 00 22,725 00 1 Engineer in Chief, .'{.000 3,000 00 1,500 00 12 Chief Engineers, 2.960 35.520 00 17,760 00 2(t Passed Midshipman, 1,550 31.000 00 15,500 00 lor. Acting Midshipmen, 600 53.000 00 26,500 00 50 First Assistant Engineers, 1.800 90,000 00 45,000 00 160 Second Assistant Kngineers, 1,600 240.000 00 120,0'0 00 150 Third Assistant Engineers, 1.400 210,000 00 105,000 00 10 Boatswains, 1,725 17,250 00 8,625 00 20 Gunners, 1.725 34.500 00 17.250 00 20 Carpenters, 1,725 34,500 00 17,250 00 6 8 ail -makers, 1,725 10,350 00 6,175 00 i $777,623 50 Commutations for fuel and quarters to officers, included. For pay of 5,000 seamen, ordinary seamen, firemen, coal-heavers, landsmen, and boys, at $288 perannum, 720,000 00 For contingencies not otherwise estimated, say 10 per cent., 149,702 35 Total amount required for pay of the nayy for half year ending 30th of June. 1865, $1,647,384 7i NoTB. — As there will be in the treasury on the 1st of January next a balance of former appropriations for "pay of the nary" of about one million of dollars, the sum of six hundred and forty seven thousand three hundred and eighty-four dollars and seventy five cents of th» •Stimate only will bo required. Respectfblly submitted, JAMRS A. SEMPLB. Pajfmailer C. S. If., in charge. Natt DiPAnrviyr, October 19, 1864. 8. R. Mallort, Secretary of $h« Navy. \ 49 [No. 4.] ESTIMA TE of amount required under the head of Provuions, Clothing and Contingencies in Paymasters^ Department ^ for half year ending on the 50th day of June, 1865: Fob what Pubposi. For the subsistence of 5,000 men for the six months, on« ration per day, 5,000 for 181 days, For contingencies in Paymasters' Department, as for freight, rents, cooperage, etoragc, lights, Ac, Vor dififer«nce between cost and issu ing price of clothing, for men, Add for contingencies that cannot be estimated for, say 10 per cent.. Total amount required for provisions, clothing and contingencies in Pay- masters' Department, for half year ending June 30, 1865, No. of KatioDB. 906,000 Average cost of Ration. $3 25 Amount. $2,941,250 00 75.250 00 440,000 00 845,650 00 Amoant. $8,802,160 00 Respeetfallj sabmitted, Office Provisions and Clothing, October \2, 1864. I^AVr Department, October 12, 1864. JAMES A. SEMPLE, Paymaster C. H. N., in charge. S. R. MALLORY, Secretary of Navy. [No 5.] ESTIMATE of the Amount required under the head of Ordnance and Ordnance IStores for the Navy, from January \si to June 30, 1865. For cannon, 200,000 For gun-carriages and equipments, 100,000 For projectiles of all kinds, 700,000 For lal oratory and other stores, 60,000 For cannon and musket powder and saltpetre, 150,000 For pay of mechanics, laborers, &c., 600,000 For improvements and repairing buildings at Richmond, Charlotte, Columbia, Augusta and Selma, 200,000 For machinery, tools, &c., 200,000 For expenses naval powder mill, Colambia, 30,000 Carried forward, $2,230,000 50 Brought forward, $2,230,000 For contingent expenses, including freight and transport- ation, hire of agents, teams, wagons and horses, rent of store-houses, machinery, &c., and for fuel, lights, postage and stationery, 100,000 $2,330,00(1 Twenty-three hundred and thirty thousand dollars. C. S. Navt Department, Office of Ordnance and Hydrography, October 12, 1864. Navy Departmv:nt, October 12, 1864. JOHN M. BROOKE, Commander in Charge. S. R. MALLORY, Secretary of the Navy. [No. 6. J ESTIMATE of the Amount required for the C&nsP action of Iron-Clad Vessels in the Confederate States, including ainAint necessary to com- plete those now under construction, from the \st of January to the 50th of June, 1865. For construction of iron-clad vessels in the Confederate States, V • * • r. .a Four millions of dollars. C. S. Navy Department, Rich7nond, Oct. 12, 1864. 4,000,000 $4,(100,000 S. R. MALLORY, Secretary of the Navy. ESTIMATE of the Amount required for repairs of Vessels from (he ]st of January to the 3()/A of June, 1865. For repairs of vessels, Four hundred thousand dollars. C. S. Navy Department, Richmond, Oct. 12, 1864. 400,000 $400,000 S. R. MALLORY, Secretary of the Navy. 51. [No. 8.J ESTIMATE of the Amount required fur the Equipment and Stores of Vessels, including wear and tear, from January 1st 'to January S')t?i, 1865, inclusive. For the equipment and stores of vessels, $600,000 . (Six hundred thousand dollars.) Respectfully submitted. S. S. LEE, Cajttain in Charge Office of Orders and Detail. RiCH.MOND, Va. eth October, 1864. ' ' S. R. MALLORY, V?Tr» ' T ■ V fr » Secretary of the Navy. Navt Department, liichmond, Oct. 12, 1864, [No. 9.] ESTIMATE of the amount required under the head of ** Contingent Enu- mirated,'" froin January ist to June SOth, 1865, inclusive, for the fol- 1^ :.. V ...■- . ,-.ik\. ^Ki'i^ ««rvu^MV «atYb«i.oj? V lowing piirposes, viz T "•»V ••H wwwl »m^»#n-o Freight and transportation, printing and stationery, advertising, models and drawings, repair of fire engines and hose, maintenance of horses and oxen and drawing teams, carts, lumber wheels and the pur- chase and repair of working tools, postjige-on public letters, fuel, oil and candles for navy yards and shore stations, pay of watchmen and incidental labor not chargeable to other appropriations, wharfage, dockage and rent, travelling expenses of officers and others under orders, funeral expenses, store and office rent, commissions and pay of navy agents and clerks, pay of naval storekeepers and clerks, flags, awnings and packing boxes, books for libraries of vessels, provisions and other expenses of recruiting, apprehending deserters, per diem pay of persons attending courts martial, courts of inquiry and other services authorized by law, pay of judge advocates, pilotage and ton- nage of vessels, and assistance to vessels in distress, and for bills of health and for quarantine expenses. For contingent enumerated, $800,000 (Eight hundred thousand dollars.) Respectfully submitted, S. S. LEE, Captain in charge office Orders and Detail. RrrnMONn, Va., October 6, 1864. ^^^ ^ S. R. MALLORY, " * Secretary of the Navy. Navy Department, ) , Rkhmaiid, October 12, 1864. J 51 [No. 10.] ESTIMA TE of the amount required for fuel for steamers, stations and navy yards from January \st to June 3()/A, 1865, inclusive : Fuel for steamers, stations and navy yards, $500,000 (Fire hundred thousand dollars.) Respectfully submitted, S. S. LEE, Captain in charge office of Orders and Detail. Richmond, Va., October 6, 1864. S. R. MALLORY, Secretary of the Navy. Navt Department, ) Richmond, October 21, 1864. ) [No. 11.] ESTIMATE for. Sub-marine Batteries from January Ist to June SOth, 1865, inclusive : For sub-marine batteries, $500,000 (Five hundred thousand dollars.) Respectfully submitted, S. S. LEE, Captain in charge ojice of Orders and Iktail. Richmond, Va., October 6, 1864. S. R. MALLORY, Secretary of the Navy. Navy Department, ) , Richmond, October 12, 1864. J [No. 12.] ESTIMATES of the amount required for Medical Supplies and Surgeons* Necessaries from the 1st of January to the 50th of June, 1865. For hospitals and hospital supplies at Richmond, Wilmington, Charleston, Savannah, Mobile, Columbus, St. Marks, Halifax and Selma, $150,000 For the purchase of medicineB, medical supplies and sur- gical instruments, 200,000 Carried forward, $S50,000 \ \ 5S Broaght forward, $350,000 For contingencies, pay of travelling agents, employees, transportation expenses, &c., 25,000 $375 ,000 (Three hundred and seventj-five thousand dollars.) C, S. Navy Department, Office Medicine and Surgery, Richmond, October 6, 1864. Navy Dkpastment, Richmond, October 12, 1864. W. A. W. SPOTSWOOD, Surgeon in charge. S. R. MALLORY, Secretary of the Navy. Recapitulation OF ESTIMATES of the Navy Department for six month, from the 1st of January to the 30/A of June, 1865, inclusive : [No. 1.] Estimate of the amount required for the compensa- tion of the " Secretary of the Navy, clerks and messengers in his oflSce," $35,600 00 [No. 2.] Estimate of the amount required for " Incidental and Contingent expenses of the Navy Department," 15,000 00 I No. 3.] Estimate of the amount required under the head of *' Pay of the Navy," 647,384 7o [No. 4.] Estimate of the amount required under the head of ♦• Provisions and Clothing," 3,802,150 00 [No. 5.] Estimate of the amount required under the head of "Ordnance and Ordnance Stores." 2,330,000 00 [No. 6.] Estimate of the amount required for the '* Construe- ^ tion of Ironclad vessels," 4,000,000 00 Carried forT^ard, $10,830,154 75 54 Brought forward, $10,830,134 75 [No. 7.] Estimate of the amount required for *' Repairs of . Vessels," ;,; 400,000 00 [No. 8.] Estimate of the amount required for " Equipments and Stores of A'^essels," . 600,000 00 [No. 9.] Estimate of the amount required under the head of *' Contingent Enumerated," 800,000 00 ^i^\\->y [No. 10.] Estimate of the amount required under the head of '♦* Fuel for Steamers, Navj-yards and Stations." 500,000 00 [No. 11.] Estimate of the amount required for " Submarine Batteries," 500,000 00 [No. 12.] Estimate of the amount required for Medical Supplies and Surgeon's Necessaries, 375,000 00 $14,005,134 75 Fourteen million five thousand one hundred and thirty-four dollars and seventy-five cents. S. R. MALLORY, Secretary of Navy. Navv Department, October 12, 1864. STATE DEPARTMENT. APPROPRIATIONS required by the Department of State for the six niantfis ending June 30, 1865 : For Foreign Intercourse — Salaries of five Commissioners, $30,000 00 and three Secretaries, 5,400 00 $35,400 00 (References: Secret acts Provisional Congress, 13 and 27 February, 1861, Nos. 7 and 39, and act of August 30, 1861, eh. 25 ) Carried forward, $35,400 00 \ 55 Brought forward, Salaries of 5 Corcmercial Agent, [Act of 15 March, ISGl, ch. 44.] Incidental and contingent expenses of For- eign intercourse, For salary of Secretary of State. [Act of 21 Feb., 1861, ch. 6, and of 14 June, 1864, chap 45,] For salary of chief clerk. [Act of 7 March, 1861, chap. 3), of 13 October, 1863, ch. 47, and of 14 June, 1864, ch. 45,] For salary of 3 clerks, [Same references,] For conapensation of disbursing officer, [Act of May 16, 1861, ch. 21, and of 13 Octo- ber, 1862, ch. 47. J For salary of one messenger, [Act of March 7, 180'1, ch. 30, of 13 October, 1862, ch. 47, and of 14 June, 1864, ch. 45,] For pay of one laborer, [same references, and ch. 49, of 29 April, 1863, and ch. 45 of 14 June, 1864,) $35,400 00 6,150 00 7,500 00 $49,0:0 OO' $4,500 00 2,000 00 6,000 00 100 00 1,000 00 705 00 $14,305 00 P. BENJAMIN, Secretary of State. DEPARTMENT OF JUSTICE. Confederate States of America, ^ Department of Justice, v Richmond, Va., Oct. 12, 1864. ) To the President : Sir : I have the honor to submit the following estimates of expen- tlitures for this Department, from the 1st day of January, 1865, to the 30th of June, 1865, inclusive: 1. For compensation of Attorney General, Assistant Attorney Gen- eral, clerks and messenger, 2. For incidental and contingent expenses of Department, 3. For a law library for the Department, 4. For salaries of Judges and Attorneys, and incidental and contingent expenses of courts, 5. For salaries of three Commissioners under the Seques- ti^tion act, for clerk hire, and incidental expenses of the board, 15.000 6,000 10,000 80,000 5,000 56 6. For salaries of Governor and Commissioner of Indian Affairs, of Secretary, and of Judges, Attorney, and Marshal of Arizona Territory, 5,000 7. For contingent expenses of said Territory, to be ex- pended by the Governor, 500 8. For compensation of Superintendent of Public Print- ing, clerks, and messenger in his office, 9,650 9. For printing, binding, and ruling for the several Ex- ecutive Departments, 150,000 10. For printing, binding, and ruling for both Houses of Congress, including the printing of the La^s in the authorized form, and the Journals of Congress, 80,000 1 1. For the publication. and printing of the Acts and Res- olutions of Congress in the newspapers, 50,000 12. For the purchase of paper for the several Executive Departments and Congress, $300,000 Very respectfully, Your obedient servant, GEO. DAVIS, Attorney General. Confederate States of America, ^ Department of Justice^ ^ Richmond, Va., Oct. 19, 1864. ) To the Secretary of the Treasury .* Sir: Since the estimates of the 12th inst., for the expenditures of this Department, were sent to the Secretary of the Treasury, I have ascertained that there will be a deficiency in the appropriation for the period ending 3 1st December, 1864. I have, therefore, the honor to submit the following estimates to supply the deficiency for the year ending Slst December, 1864: For compensation of Attorney General, Assistant Attorney General, clerks and messenger, 1,129 79 For compensation of Superintendent of Public Printing, cleiks and messenger, $2,794 47 Very respectfully. Your obedient servant, GEO. DAVIS, Attorney General, p6RmaliP€« pH8.5