US Presidency
1864

Your favorable consideration is invited to the various recommendations of the Secretary of the Navy, especially in regard to a navy-yard and suitable establishment for the construction and repair of iron vessels and the machinery and armature for our ships, to which reference was made in my last annual message. Your attention is also invited to the views expressed in the report in relation to the legislation of Congress at its last session in respect to prize on our inland waters. I cordially concur in the recommendation of the Secretary as to the propriety of creating the new rank of vice admiral in our naval service. Your attention is invited to the report of the Postmaster-General for a detailed account of the operations and financial condition of the Post-Office Department. The postal revenues for the year ending June 30, 1864, amounted to $ 12,438,253.78 and the expenditures to $ 12,644,786.20, the excess of expenditures over receipts being $ 206,652.42.