commencing on July 1st, 1862, and ending on June 30th, 1863, no reliable estimate can be made. It is earnestly to be hoped, and in the judgment of the Secretary, not without sufficient grounds, that the present war may be brought to an auspicious termination. before midsummer. In that event, the provision of revenue by taxation, which he has recommended, will amply suffice for all financial exigencies without resort to additional loans; and not only so, but will enable the government to begin at once the reduction of the existing debt. It is the part of wisdom, however, to be prepared for all eventualities, and the Secretary therefore submits the estimates of the several departments, for the fiscal year 1863, based on the supposed continuance of the war, as follows: The estimated expenditures are: For the civil list, including For the fiscal year 1862, under laws to be enacted.... ... 200,000,000.00 For the fiscal year, 1863, also under laws to be enacted.... 379,531,245.51 Making an aggregate.... 654,980,920.51 The total may be stated in round numbers at......... $655,000,000 It only remains in order to complete the view of the financial situation, to submit a statement of the public debt as it was on the first days of July, 1860 and 1861, and will be according to the estimates now presented at the same date in each of the years of 186 and 1863. The statement, in brief, is as lows: fol The cial condition of the country. That i imposes considerable burdens is not to be denied or disguised. It is consoling to know that the energies and resources of the people are not insufficient for them. The public debt on the 1st of July, 1863, if the war be protracted until that time, on the scale of expenses contemplated by the estimates, will be in round numbers $900,000,000. The amount of the public debt in the year 1816, (after the close of the war of 1812) was $127,334,933,74, and in twenty years was, paid off by the people. country, even if the loyal States only are regarded, can sustain and pay off in thirty years the debt to which rebellion now exposes us, with hardly greater proportional contributions from increased and increasing resources than that debt made necessary." I have quoted from the secretary's report on the subject of finances, in the then state of the country, in his own words mostly, as he was a ripe scholar as well as an able lawyer, and used apt words only in conveying his thoughts upon an intricate subject, that Congress and the people might understand it. In his office, screened from the public gaze, unattended by these appendages and trappings pertaining to the operations of the army in the field, he matured a plan of finance, which in the main was adopted by Congress, and which enabled the government to re-establish its authority in all the States, and without which, the rebel lion in all probability would have been a success. When the attack on Fort Sumter was made, the entire military force at the disposal of the Government was sixteen thousand and six regulars, and it was employed principally to keep in check the Indians in the west, and many officers and men composing this little army were from the States in rebellion and were in sympathy with it. PROMINENT CITIZENS OF NEW YORK. MARVELL W. COOPER, appraiser of the Port of New York, a well known merchant, trustee of the Citizen's Savings Bank, and Ex-President of the New England Society of New York, was born in Windsor County, Vt., of good old New England lineage, dating back for more than two and a half centuries. In 1636, John Cooper, the ancestor of the Cooper family of Croydon, N. H., came here from England when eighteen years of age and located at Cambridge, Mass., with his mother and stepfather. Soon after attaining his majority, he married Anna Sparhawk, also a native of England, and daughter of Deacon Nathaniel Sparhawk, of Cambridge. He was selectman of the town for forty-four years, from 1646 to 1690, and town clerk for thirteen years, from 1669 to 1681. He was a deacon of the church from 1688 until his death, which took place August 22, 1691. His son, Samuel, followed in the footsteps of his distinguished sire, and inheriting the family homestead became a deacon and selectman. It may be noted that through a long line of ancestors unbroken for two hundred and fifty years each generation has been entrusted by its fellow citizens with positions of responsibility and public trust. Selectmen, tax collectors, tithingmen, deacons, school commissioners, treasurers, assessors, etc., appear after the names of the Coopers from the earliest records, and the old honest blood has never been besmirched with suspicion. In direct descent we have: First, John, who came from England, Deacon Samuel, born in Cambridge, Mass.; the second Deacon Samuel, third who moved to Grafton, Mass.; Deacon John, the second of that name, fourth, who went to Croydon; Barnabas who came to Rochester, Vt., fifth, and Phineas Sanger, his son, the father of the subject of this article, sixth. The latter was born in Croydon, N. H., in 1796, and in May, 1819, married Harriet Foster, a daughter of Major Rufus Foster, a brave soldier of the revolution, who was taken prisoner by the British and confined in the notorious Wall |