The dollar weekly bulletin. [volume] (Maysville, Ky.) 1862-1864, 1862-12-04
SYNOPSIS OF THE PRESIDENTS
-.-l-- MESSAGE.
By Telegraph.

place during the last year is herewith sub
mitted in compliance with the request to
that effect. Ii the condition of our rela-
ticns with other nations is less gratifying
than formerly, it is certainly more satisfac-
tory than a nation so unhappily distracted
might have reasonably apprchended. A
blockade of three thousand miles of sea-
coast could not be established and vigorously
enforced in season Of great commercial
activity like the present, without commit
ting occasional mistakes and inficting
unintentional injuries upon foreign nations
and subjects. In clear cases of these kinds,
l have as far as possible heard and redress
sed the complaints BY friendly powers
There is, however a large and augmenting
number of doubtful cases upon which the
Government is unable to agree with the
Governm ents whose protection is demanded
by the claimants.
There are more cases in which the Uni
ted States their citizens suffer wrongs
from the naval or military authorities of
foreign nations, which the Government of
these States are not at once prepared to re-
dress / have proposed to some of the for
cign States, interested, mutual conventions,
TO examine and adjust such complaints
This has been made especially to Great
Britain, Franco, Spain and Prussia. In each
case it has been favorably received; but not
yet formally adopted.
Applications have been made to me by
many free Americans Of African descent to
favor their emigration with view to such
colonaton rs was contemplated in the re-
cent act of Congress. 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 protes-
ted against the sending of such colonies to
their respective territories. Under these
circumstances l have declined to move any
such colony to any State without first OBJ
tanning the consent of its Governmen with
an agreement on its part TO receive and pro
tect such emigrants in all their rights as free
men, 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
the Senate, to favor the voluntary emigra-
ton Of portions of that class to their respec-
tive territories upon conditions which shall
be equal just and humane.
Liberia and Havti are yet the only coun-
tries to which coionists of the African de-
scent from here could 90, with certainty of
being received and adopted as citizens, and
regret TO say that such persons contempla-
ting colonization do not seem so willing to
emigrate to these countries as to some 9TH
ers, nor willing as | think their interest de-
mands. | believe. however, that the opin-
ion is i'm proving, and that ere long there will
be an augmented and considerable emigra-
ton TO both these countries.
Our relations with European States re-
main undisturbed, and with States of our
continent have improved, especially Next
CO, Costa Rico, &c.
H. D. 1 =
ect, the Atlantic Telegraph, and of extern
ding the Pacific line to connect with tn
being extended across the Russian Empire;
thinks the mineral resources of the terrific
ries ought to be developed as rapidly as pos
sIble. Every step in that direction would
have tendency to improve the revenues.
1t Is worthy Of serious consideration wheth-
er some extraordinary measure to promote
that end can not be adopted. The means
which suggest itself as most likely to be eff
fective is scientific exploration.
The naval operations required for the
suppress, ion of the rebellion have hitherto
been met with promptitude and certainty
unusual IN similar circnm stances, and the
public credit has been fully maintained.
The continuance of the war, however,
and the increased disbursements made nee
essary, demand your best reflections as to
revenue. The suspension of specie pay
ment by banks made large issues of United
States notes unavoidable. In no other way
could the payment of the troops and the
satisfaction of other just demands be so eco
nomically or as well provided for. 1t is ex-
tremely doubtful whether circulation of
United States notes, payable in coin and
suffi ciently large for the wants of the peo-
pie, 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 the great advantages of a safe
and uniform currency secured. l know Of
none which promises certain results, and
at the same time SO unobjectionable as the
organization of banking associations under
a general act of Congress, we'll guarded in
its provisions. To such associations the Gov
ernment might furnish circulating notes on
the security of the United States bonds, de- /
posted in the Treasury. These notes, prepar
ed under the supervision of proper officers.
being uniform in appearance and security,
and convertible always into coin. would at
once protect labor against the evils of vic
ious currency and facilitate commerce by
cheap and safe exchange. A moderate res
ervation from the interest on the bords
would compensate the United States for the
and distribution of the notes,
and general supervision Of the system
would Tighten the burden of that part OF the
public debt employed as security.
The public credit, moreover. would
be greatly improved, and the negotiation of
new loans greatly facilitated by the steady
market demand for Government bonds,
which the adoption of the proposed system
y ould create. 1. is an additional recon-
II endation of the measure, of considerable
weight in my judgment. that it would rec
'ncile, as far as possible; and existing inter-
'sts by the opportunity offered to existing
nstitutions to re-organize under the act,