Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1862-12-02
Evening and Midnight Reports.
synopsis of the Proslaenvs message

year 10 herewith submitted, In compliance will
request to that effect If the condition of ou
relations with other nations is Less gratifying
than formerly, 1t Is certainly more satisfactor!
than a nation 80 unhappily distracted nigh
have reasonably apprehended A blockade O.
three thousand miles Of seaooast could not b.
established and vigorously enforced In seasoI
of great commercial activity like the present
without committing occasional mistakes ant
infctipg unintentional injuries npon foreign
nations and subjects. In clear cases OF
these kinds / have, go far as possible
heard and redreased complaints by friendly
powers. There Is, however, o large and aug.
menting number OF doubtful cases upon whict
the Government is unable to agree with thu
Governments whose protection is demanded By
the claimants. There are, moreover, many
cases in which the United States or their clti
gems suffer wrongs from the naval or military
authorities Of foreign nations, which the Gov
ernment of these States are not at once pre-
pared to redress. ] have proposed to some Of
the foreign States interested, mutual conven.
tions to examine and adjust such complaints
This has been made especially to Great Britain
France, Spain and Prussia. In each case 1t hal
been kindly received, but not yet formally
adopted.
Applications have been made to me by many
tE60 nuCtlCdub VI hiElChu uebUbut 10 IAVOI
their emigration with view to such colonza.
ton as was contemplated In recent acts of Con
gress. Other parties, at home and abroad
some from interested and other motives, have
suggested similar measures, while on the Other
hand, several Of the Spanish American
Republics have protested against the
sending Of such colonies to their re-
Spective territories. Under these circum
stances, have declined to move any such
colony to any State without first obtaining the
consent of its Government, with an agreement
on itS part to receive end protect such emf
grants In all their rights as freemen, and have
at the same time offered to the several States
situated In the tropics, or having colonies there
TO negotiate with them, subject TO the advice
and consent Of tho Senate, to favor
the voluntary emigration Of portions oi
that class to their respective terrific.
fies, upon conditions which shall be
equal, just and humane. Liberia and Haytl
are yet the only countries TO which colonisss oi
African descent from here could 20, with Ger.
tainty of being received and adopted as cltl
zens; and regret to say that such persons con.
| templating colonization do notaeem 30 willing
TO emigrate to these Countries as TO some
others, nor so willing as I think their interest
demands. Ibelieve, however, that the opinion
is improving, and that ere long there will be
an augmented and considerable emigration to
both these countries
Our relations with European States remain
undisturbed, and with the States of our conti-
nent they have improved, especially Mexico,
Costa Rios, eto.
The President favors the project of the
Atlantic telegraph. and extending the Pacific
line to connect with that being extended across
the Russian Empire. He thinks the mineral
resources of our territories ought to be devel
oped as rapidly as possible. Every step in
that direction would have tendency to i'm
prove the revenues. It is worthy OF serious
| consideration, whether come extraordinary
measures to promote that end cannot be adopt
ed. The means which suggests i!gelf as NOSE
likely to be effective, Ia aciensifo exploration
The vast expenditures incident to the mill
tsry ard naval operations required for the
suppression Of the rebellion, have hitherto
been met with promptitude and certainty
unusual In similar circumstances, and the pub
lie credit has been fully maintained The
continuance Of the war, however, and the in.
creased disbursements made necessary, de-.
mand your best reflections as to the best
modes Of providing the necessary revenue.
The suspension OF specie payment by the
banks made large lseues of United States
notes unavoidable. In no other way could the
payment of the troops and the satisfaction Of
other just demands be so economically or as
| we'll provided for.
Ii Is extremely doubtful whether q circulation
of United States notes payable in coin, aud suf.
fclently large for the wants Of the people, can
be permanently usefully and safely maintained.
Is there any other mode In which the necessary
provision for the public wants can be made, and
| tho adUan nf in nd
currency seoured2 know of none which prom
ises 30 certain results, and at the same time 80
| unobjectionable, as the Organization Of banking
associations under general act of Congress,
we'll guarded in its provisions, To such aaso
Citations the Governments might furnish crcu
lating notes on the security of United States
bonds deposited In the Treasury. These notes,
prepared under the supervision Of proper ofics7s,
being uniform in appearance and security, con.
vertible always into coin, would at once protect
labor against the evils of vicious currency,
and facilitate commerce BY cheap and safe OK.
changes. A moderate reservation from the In.
terest on the bonds would compensate the United
States, for the preparation and distribution Of
She notes, and general supervision Of the sys-
TEN, and would tighten the burden Of that part
of the public debt employed as security. The
public credit, moreover, would be greatly i'm
proved, and tue negotiation Of new loans great
ly facilitated by the steady market demand for
Government bonds which the adoption Of the
proposed system would create.
IL 10 On additional recon mendalion of the
measure, Of considerable weight, in my judg.
ment, that IL would reconcile 90 far as possible
Gil existing interests Dy the opportunity offered
10 existing institutions 10 reorganlse under the
acs' supsututlng only tne secured uniform Ma
tlonai circulation ior tne local and various cir
cuianon now issued. .
| Inc PRESIDENT shen gives summary from