New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-07-11

T
uent, and the action Which Congress would seem
,lled upon 10 take the extra session TO meet the
pressing wants Of commerce.
Your committee are deeply impressed with the TACT
hat The development Of commercial atd ludust'ldi
resources has occuped very ubordinste Face among
'h. objects which, for quarter ot century or hors,
have eHgrOfsed the attention o. tie Governments alCi
ltroHgh il cam OF he expected ~ the present condl-
ion of tie country, that 'hese iesonces hond now
Il iD al Absorb III. interest, 1t Is gratifying 10 Know
HAT the Pfeident has given expression 10 40 eaet
del that Ill n influence which lis Authorization
exercise in favor OF TIER promotion should be e1-
tended at & { EARL II moment.
In proof of the Asi neple Of our conn ertal ana IT.
dusti interests, IT. is only requiite ~ point 10 tie
great prominence viii 10 las been gwen 10 our nc
pro iy reaty with Canada, and The treail~- WIN
la M AID China in com ection WIN c lct 'h.t
ot er and vastly greater markets for highly lFgAaoe
recilr Ell trade have reuiired mimprOv,d. lhd'td,
il reo,ires bn sul eri j eXa instiDn 81 tbe progress
wi lea he leading nat Ius have made to show DO" We
have sIiIe ed by uur tegi-,t 10 pioDUt~ me
development Of our comment ] and Industrial re,
rour e. aud no mach Otner iiOrs al-o nave tGlerth
irpm their Inability TO make progress WINE we Lave
teen e, hgeni OF irHI. Mt
Comuere j. raid 20 be The lever OF the world PRO
cres-. With freedom of trade We .Atenc individual
liberty and ciyL,N1n. And M The liberty oi man, TO
the 1re.iest extent vi ich l. capable OF MAINTAINING,
copdn es 10 bis ,evIiu in the rcnle OF hunsbHy, 20
tie liberty Of commerce prouoes ~ gIo"'1 a.I e1,
our Il vi and relious eedOm that We IRE ibdebeh
upder Providence for e.fnl carer M ma ~
Il i. 10 tb IL commercial freedom IN Ike nn e., iha'
England and France, aud o. be euh htened naion are
IL debted for their ii, zson, their Liberties, anu Their
proyr.rs in science, literature, and art
Your commit e. conrder tbe eXte,icn Of commercial
inter, ourse through g'eaer iryedom OF u7de 10 10
ou- q tie hishsi Objects WIN can my wy AZ
tsrtlon Of phanthroIiss, stalefuen snd economists
lila q, Is lrei ageucy wlib We can rely upon i"r
mi ing the material interests Of naiionr ~ ndys"iIe
b DIS Ii is the chief source OF ttore ilenGly alliances
4 as.R nd HsF Ill
avers war; pfomutes sindly ohcos, and extends - III
Ain religion, science, liioriure, aud srt throughout
| tLe whole earth -, IN
Our commerce at Il tine s Characterized by fall-
ing OF in import- Of luxaIes ard the more cos lab
nee derease in exports Il cotton, MI Increase ~ e.
10 f. If lood and the 6Iulaion OF balances OF 'raoe
IN our favor - imuors OF tie pre- ions lne'als-%hA
vivl Of trade in those Northwestern States where
Tile PAPER mOuev syrtcln, cri Piled by tie inrnrec-
ton "a bieh ha. Overrnn States upon whose deits
the currency WIS based, IL seHy giving way be- ore
tie suUTli-s If moey Of real value flowing In 10 us
from, California and Europe.
KsJ Uouey being the instrument Of trade and com
merce ever, dollar thus added 40 the currency gives
nee 10 sibsia prices or values IN the Hiio o. IRON
TWENTY-FIVE TO one hundred more, In proporiin TO
ii q a tyiiy Of j. crrula iOu; aDdthe eAi Northwest
ha,inp been f. some line econol binR, remb 'rrased
by ycious q onriaTy ~ STEM, may nov De oousi1eeu,
with Ills improved currency, in petition b. resume
AT an eay date is coming Autumn, tht oomiLe'tlAl
atiyiiy 80 con. eniil 10 tyr enterpiising people.
In all OF or psrs Of the country uOt embA Oy
he ipsurleits tleue IL Of W. atl exist IA pou'lOn,
. i monetary rysem which II being duly strength
ebed and j. grali ying 10 ob efNe That we supplies
NJ th, precious ueal tUuiug 70 rs from Europe are
nat rrerig by thar witbdrawAl any very serious in
eopve, fence In tie money market Of that rart o. q
world bot appsrenily bring odi, ~ u pro' ehh Wy
ke,t in stoe Tor this emergency part OF to'e giSL
arcun al hiUns of ire isurS' which have Tor twelve
wears been drawn from he mines
Your comunue- consider that bese acfes'ions TO orr
stock OF the precious metals are yrTy tell4le ttll-
tionr to oar we4lth-requird 10 Jhce our cnfrcu'!
upon Il par with the mo'ey OF other euutnes, or I"
sustain ~ bu.uett ahairs uTon losing OF The great
e.t r..seiLle eirinry BeyoBd or above that Am'uu,
tie ex,ort II q ese rnetalr w exchange for 9th r
comm ditie. we Vie in tire same light that we would
tie export Of any aricle oi tfuot'
10 view of The ca dangers to re sprreftnded from
goyeurelt paIer cauenry, Nlirh bistol be taught
M 20 avoi We would eXrrrs. az earf est hoe hHi'N
p,liots viii unite their etors 10 avert ouch caain-
ity from hereafter lal'iuR uiOu the country.
In relation TO u future course OF mofesry AFFAIRS,
we wuu advi.e that he Of security sno ted
by the New-York banks on the 2ist Of November as
be- adopted by IL banks Of every diy every Sta G,
Whenever circumstances may rquiie extra precfu-
fj,n, This measure is well cilculiied 20 haf lopu-
lar arpIeheus OF. by cnSi eng tie peo le that lie
so only of real m. ney be made Equal 80 All thetr
wsns while by iis eXtensiDn TO The BANKING inrhn'
lions Of the cOphtIy, We ght fecure w." adNah'hgN
o. a safe currency, without any oeutniLAlion OF moHe
NE percent condition Of the currency affords m
dnlie evidence Of the ailiiy Of the country 20 SIS
tain the eXpeud demanded Of Government III the
scppres-ioI Of The iusuTeciiOn; for We Lhve sub
stani bt,is in Ills suppl Of real money upon which
10 build The credit Of The Government, to al amount
wi lob can oul, be estimated approximately, With
a,ne ,llowan,e for altered circumstances, by The va.
amount OF The investments which we Lave made IN
various III dertsk q DUNG past years.
Your committee have not therefore, tie slightest
doubt Of the ability II Government 10 suppress the
resurrection. whether it cost two hupdei hons or
fv. bundled milliots and we are satisfied thsi, IN
their efforts 10 20, tDy are bow sud al copihne
u b.. sustained by the patriotism II tie geo ei VIII
la tbo-e States vii "a bave been overfun by the n-ur-
gents here is growing de-ire TO get nd OF us1ra-
Iou wlch is reen .ciDg the w@si eIGes oi Tie worst
governments that have ever eAlsteo'
Your conn ttee feel il TO /. no Lees duty thsn
privilege 10 offer Their humble cOngraiua ions 10 tLer
fell ~ linens upon The ,oliey which bas been pro-
cLiued By the President in 1, mes,age 70 ongres',
and toy tie Secretary VI the Treasury In bis report
We have IL this policy Of prompt and adeqnste az
Icion Of the artual sources Of the cu'try 10 the
snppfe=s OF 81 the itsurrectiOnary movement every
object thst tie highest aspirations II pain tim and OF
CON nercial and inddttI interest could dslre, while
oar venerable military chietan, and the officers aud
the men Of army and navy posaess the eGtie con
fdence OF the pc Pile. Hearty support OF the Govern.
mert, ever the duty Of gcod citizen, ennbo, tie too
deeply Impressed upon the minds Of us all IN this crisis
To sustain the Government, 70 preserve our indus
4 resOufCe, AID 10 maintain our ade and cOuI-
N, roe, q re the great objects ~ witch. relying
upon the aid oi Divine Providence best energies
are to be devoted ski perseverance, self-deniol and
paiience are needed now throughout the ram6citOns
Of nda try and OF business, no less than the battle
held.
Your COMMITTEES cannot ref1in from giving express
sion 20 he heartfelt graitude due 10 the peoIe Of the
Iyal States aIo uu, ernlly entertained toward them,
for at heroic devotion to the Union Which they di
play ia filling the army aud navy, IN self-dtDyi"g
ecOnomy, AID ~ rnsh 10 the Government every
as,tance, wleter material or intellectual for putting
down The l. sare ton. IL il the economy Of the peo 10