y and design in fixing an
efficient military peace establishment did not afford an opportunity to
distinguish the aged and infirm on account of their past services nor
the wounded and disabled on account of their present sufferings. The
extent of the reduction, indeed, unavoidably involved the exclusion
of many meritorious officers of every rank from the service of their
country; and so equal as well as so numerous were the claims to
attention that a decision by the standard of comparative merit could
seldom be attained. Judged, however, in candor by a general standard of
positive merit, the Army Register will, it is believed, do honor to the
establishment, while the case of those officers whose names are not
included in it devolves with the strongest interest upon the legislative
authority for such provision as shall be deemed the best calculated to
give support and solace to the veteran and the invalid, to display the
beneficence as well as the justice of the Government, and to inspire a
martial zeal for the public service upon every future emergency.

Although the embarrassments arising from the want of an uniform national
currency have not been diminished since the adjournment of Congress,
great satisfaction has been derived in contemplating the revival of the
public credit and the efficiency of the public resources. The receipts
into the Treasury from the various branches of revenue during the nine
months ending on the 30th of September last have been estimated at
$12,500,000; the issues of Treasury notes of every denomination during
the same period amounted to the sum of $14,000,000, and there was also
obtained upon loan during the same period a sum of $9,000,000 of which
the sum of $6,000,000 was subscribed in cash and the sum of $3,000,000
in Treasury notes. With these means, added to the sum of $1,500,000,
being the balance of money in the Treasury on the 1st day of January,
there has been paid between the 1st of January and the 1st of October on
account of the appropriations of the preceding and of the present year
(exclusively of the amount of the Treasury notes subscribed to the loan
and of the amount redeemed in the payment of duties and taxes) the
aggregate sum of $33,500,000, leaving a balance then in the Treasury
estimated at the sum of $3,000,000. Independent, however, of the
arrearages due for military services and supplies, it is presumed that
a further sum of $5,000,000, including the interest on the