Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1842-12-09

- - ~ ''IN -
million Of the appropriations of the pres
ent year, is asked by The Secretary, yet
that in the sum is proposed 10 DO ia.
cIuded 400 900 dollars for the purchase
Of clothing, which, when oGce expond'
ed, will be annually reinbursed by the
sale Of clothes and thus constitute a per,
petual fund, without any new appropria.
ton to the same object. To this may
also be added fifty thousand dollars, ask.
ed 10 cover the arrearages oil past years
and about 100000 dollars in order 10
maintain a competent squadron on tho
coast ofA(rlca; all Of which, when de-.
Quoted, will reduce The expenditures
nearly within the limits Of those Of the
present year. While however, the ex.
Penses will remain nearly the same as
Of the antecadent year, it is proposed TO
add greatly to the operations Of the
Marine, and 10 lieu OF only % ships In
commission, and but little in the way Of
building. 10 keep, with the same oxpen-
dlture, d vessels eloat, and to build l2
ships Of small class.
1t will appear from the report Of the
Postmaster General that the great point
which. for several years, has been so
much desired, has, during The current
year, been fully accomplished The
expenditures of the Department for tho
current yea:, have been brought within
lis income without lessening its general
usefulness. There has been an increase
OF revenue equal TO 6 $1,000 dollars for
the year 1912 owe that Of lS4l. with,
out, as t: is believed, any addition hay.
ing been made to the number OF letters
and newspapers transmitted through tho
mails. The Post Office laws have been
honest y adminlste red, and fidelity has
been observed in accounting for u pay.
ing over by The sObordinales Of the De.
partment, the moneys which have been
received. For the details of the ser.
vice, | refer you 10 the report.
aatler myself that the exhibition
thus made Of the condition Of the public
administration, will serve to convince
you THAI every proper aItenilon has been
paid to the interests Of the country by
those who have been called to the heads
oGthe different Departments. The reduc.
lion in The annual expenditures of the
Government already accomplished, fur.
nishes q sure evidence that economy in
the application Of the public moneys, is
regarded as e paramount duty.
Al pcace with all the worId-the per-
sQnaI liberty OF the citizen sacredIy
maintained, and his rights secured IN.
der political institutions deriving all
their authority from the immediate
sanction orthe ~people-wilh a soil fer
tile almost beyond example, and coun'
try pleased with every diversity of cIi'
mate and production, what remains 10
be done in order to advance the happi-
ness and prosperity Of such a people?-
Under ordinary circumstances this en-.
quiry could readily be answered. The
best that probably could be done for q
people inhabiiing such a country, would
be to forlily their peace and security in
the prosecution Of their various pursuits
by guarding them against danger from
without, and violence from within. The
rest, Tor The greater part, might be left
to their W energy and enterprise
The chief embarrassments which at tho
moment exhibit themselves, have arisen.
from Uver.Action; and the most difficult
task which remains 10 be accomplished,
is that Of correcting and overcoming its
effects. Between the years 1888 ard
1888, additions were made TO back is,
sues in the form ofnotes designed for Cir
cuIaslon, 10 an extent enormously great.
The question scented TO be, moi how the
best currency could be provided, but in
what manner the greatest amount Of pa.
per money could be put in circulation.
Thus a vast amount Of what was called
money-since, for the time being, il
answered the purposes Of ~money-are
thrown upon the country; On over issue
which was attended as a necessary con.
sequence, by on extravngaut increase
OF all articleso OF propsrly, the spread Of
a specializing mania all over the Coun'
try, & has finally ended 10 indebtedness
on The part Of States and individuals, the
prosiration Of public and private credit
a depreciation IN the market value Of
real and personal estate, and has left
largo districts Of country almost entire
ly without any circulating medium
10 view Of the fact that in 1890, the
whole bank note circulation within the
United States amounted TO but 60,323,.
S98 dollars according to tho treasury
statements, and that an addition had
been made there Of the enormous sum
Of 100000 in seven years, (the circa.
Iallon the lst days OF January 1887, be.
ing stated at lac, 1875 1901 aided by the
great facilities afforded in obtaining
loans from European capitalists, who
were seized with the same speculative
mania which nrpyniIed in the IT Ctaias