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The Daily Dispatch: December 8, 1862., [Electronic resource], Report of the Yankee Secretary of the Navy. (search)
interests and rights, but also by reason of the fact that recent intelligence indicates that still other vessels of a similar character are being fitted out in British ports to depredate upon our commerce." He says, further, that the Department has dispatched vessels to effect the capture of the "290," and there is now quite a fleet on the ocean engaged in pursuing her. The amount of expenditures for the year ending June 30, 1862, is represented by the Secretary to have been $42,200,529.96. The amount expended includes the payment for the construction of fifty-two steamers; the purchase, alterations, and armament of one hundred and seventy-five steamers and sailing vessels; all the charter money paid by the Department, together with all the increased expenses incident to the enlarged navy. The amount appropriated for the current fiscal year ending June 30, 1863, is $52,804,359.07. The estimates submitted for the fiscal year ending June 30, 1864, amount to $68,257,255.01.