Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1847-12-17

chase OF me lanQS upon WHICH H0 hau oClACu,
but that no assignee or purchaser could thus
use such warrant or certificate in payment of
any lands that had not been offered at public |
sale. Under this decision, the warrant or GER
tfcate is of more value to the soldier and vol
unteer than to the purchaser; and there is an
additional motive to retain the warrant or GER
tifcate Instructions have also been ISSUED by
this department to the various registers and re-
ceivers of land offices, that they cannot be-
come the purchasers of these warrants or GER
tifcstes, or any other land scrip; nor must
they become agents for the sale, deposlte, or
exchange of the same; but conflne themselves,
as far as these warrants or certhcates are con-
cerned, exclusively to receiving the same,
when offered for location, as prescribed by law
The public revenue would thus be augmented,
and just and liberal policy adopted, II the
settlers upon the lands within the prescribed
limits of the Milwaukee and Rock River canal
were permitted to purchase there settlements
at the usual minimum price per acre: and such
modification of the existing law Tor the benefit
of these meritorous settlers, as we'll as with
view to augment the revenue, is recommended
to the favorable consideration OF Congress.
The recommendation contained in my last
report for the establishment of ports OF entry
in Oregon, and the extension there of our re-
venue laws, is again respectfully presented to
the consideration of Congress, together with
donations of farms to settlers and emgrants,
and the grant of a school section IN the centre
of every quarter of a township, which would
bring the school house. within point not ex
ceeding mile and'a half in distance from the
most remote inhabitant OF such quarter town.
ship.
This measure, as regards the additional
school sections. would be highly beneficial In
all the new States and Territories. In Oregon,
as a general rule, the lands are much less val
liable than those in the great valley of the
west; and important as it is to all our great
interests, and especially as connected with our
commerce with Asia and the western coast of
America, that Oregon should be rapidly settled
with large population, these measures would
be attended with the most happy results
Such a system, whilst it would strengthen the
detachment to the Union of the inhabitants Of
that distant region, would rapidly augment its
settlement and population, and bring back, in
ample return to the. government for the adop-
ton of a policy so Just and liberal.
Table D contains a full statement of all the
treasury notes paid under the act of the 10th
of August last, amounting, on the first of the
present month, to the sum of $33 ,067 O6.
Table f exhibits the amount of the public
, debt and interest paid from 1st December, 1916,
to 1st December, 1917, including the reim-
bursement of treasury notes under acts prior
to the act of 22d July, 1885, under act of 28th
January, 1917, amounting in principal to the
sum of 50 ,O46, 511 IS, and in interest to ST.
433,85O 30.
Table F, hereto annexed, shows the public
debt due on the LIST December, 1916, $45 ,659, =
659 40; the amount of the debt due on the 4th
March, 1915, S17,7S8,799 60; leaving the
! balance, being the debt incurred since the 4th
t March, 1915, $27, 87O,859 10. The same ia
bic exhibits the reduction of the debt due on
the 4th March, 1915, by payments made since
} that date, to SIG ,476,O1O IS.
Table G exhibits the amount available on
the Jst October 1847. of the loans of 1916
t and 1S47-being of the loan of 1916, then a.
, valuable, 81 $4,000 So; and of the loan of
1S47, S4,636, 1894 ; and of the aggregate of
both, Sc, 285 ,294 55
Table Fl shows the amount available on the
LIST December, 1917, Of the loans of 1916
and 1847-beng of the former then available
$9O2,95O 55, and of the latter SO ,299 1878, and
of the aggregate of both 81 1902 S2S SIS.
, Table I exhibits statement of treasury
notes under act of 22d July, 1876, issued in
exchange for specie deposited in l847, amoun-
ting to S965,75O.
Table K exhibits a statement of per cent,
treasury notes in exchange for specie deposi-
ted to the credit of the Treasurer of the Uni
ted States under act of 28th January, 1917,
amounting to SIS, 469 800.
Table L exhibits the amount of treasury
! notes issued at 2-5 per cent, interest, in ex-
change for specie, under act of 28th January,
1917, amounting to $471 900
p Table NJ exhibits the reimbursement OF
treasury notes monthly, from 1st December.
1910, to the LIST December, 1917, amounting
to 1921, 791 &c.
Table IF gives the items in detail of the
debt of the United States due on the 18th March
D 1915.
Table n shows the transfers made to New
s Orleans in specie from the LIST January, 1917
r to the 1st December, 1917, being $S,6I6,517
r 30
: Table X gives the amount of treasury notes
: paid in for public lands during the 4th quar-.
: ter OF 1916, and the 1st, ID, and Sd quarters
: of 1917.
= Table XIX exhibits the amount of treasury
s notes paid in for duties from LIST December
= 1916, to LIST December, 1847 including the a
j. mount OF $10l 800 paid into the custom-h house
O IN April last, at par-being the month in which
j. the loan for SIS 100000 was negotiated frou
Y which Congress will observe the gradual ap
+ probation of these notes in the market, ant
l. their partial discontnuance for that time ir
n revenue payments, and subsequent renewal O
" the payments of treasury notes for duties.
l. Table exhibits separately the monthly is
l. sue of treasury notes from 1st January, 1847
IS to the 3Oth November, 1847, inclusive, unde
Il the acts of July %, 1916, and Of 28th Janua
l. ry, 1847-being under the formt act 50, 1874,
= 100, and under the latter S17,762,95O, and il
e The aggregate of both $40, 557 ,O5O
j. Table @ exhibits the yearly payments OF
f, account of the principal and interest of thu
% public debt from 1871 to 1847, both inclusive
;e amounting in the whole 10 the sum of $483,
IS 800, 498 10.
l. This table is the recorded evidence of tn
l. will and the ability of the American Union Il
If discharge all its obligations, the amount o
l. debt now due being S45 $3.50, $50 4O-a sun
n less than one-tenth of the amount of principa
e and interest of the public debt which we hav
Is already paid. These payments were mad
e with uniform punctuality; and commencin!
l. with heavy amounts at periods when our pop
l. ulahon was greatly less than one-ffth of it
e present numbers, and when its ability to NEE
l. It's engagements was even in a smaller proper
e ton
If 1t is impossible for any American citizen Il
V regard this evidence of the honor and GOO
+ ta''h OF his country with any other feeling
4 Al