The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1862-12-11

rs tAe Organization Of banking associa-
tions under gcLeral act Of Congress
wr!! guarded in its provisions To sucl.
associations the Government might furr
lSh circulating notes on tue security oil
luited States bouds deposited in the
Treasury These Lotcs, prepared under
the supervision Of proper ,iFccrs, being
uniform in Appearance aud security, and
convertible AWAY, into coin. would at
once protect labor from the evils of vi,
cious currency, aul facilitate commerce
by cheap aud Sa:c exchanges 4 III ode
rate reservation :rulu the io:crest on the
bonds would compensate the United
S.at>' for the preparation and dstrlbu-
tlon OF tic uo'vs aud agencral superyi
sion tt the system, and would Ii ghten
the burden Of that part Of the public
debt employed as security. Tie public
credit, morc,yer wts!d .e greatly i'm
proved, and the negotiation Of new Loans
gre2tly facilitatcd, by'tlle steady market
tcwauI for Govcru,scN bonds, which
the adoption of the pFobdsrd system wu'd
create. It j. al additional rrcDmmen.
datjon e TIE nc; sure, CT considerable
weight in my Judgment, that it would
reconcile. as far Is r0s,jf,c. al cyj,tinr
Interests by the opportunity offered to
existing institutions 10 rcoyGauizc under
the act, substituting, cnlY tie secured
uniform nAt'on"! c'rcu!arlJr t>r The local
and r"rlouS c!rcn.otinrs, secured aui un.
secured, how Issued > tl,A
rr,-Ipr, AND ,.,,.i...tyf>-s
r., ,,irt. int, J.. r. -.,~.. g. ..
all .cnrco. =, .'n};,, r.,..s.,.4 !, ,..,ons
ry.,,, -. ,r...,t;,., 49, = ,,1
,.or e,.6i,'......, =, ..,., y,,.., -, ,-or,
e,>H s., ,I- ~. ~ r,i.,L ,,,,, so
UJe yy- 4. ,,,,. .,,,...l r.,m c.,.o.,s.
2l-.:,.:..;I -, fr.r. ...a d:r-cf ,av. from
IuIl;. '.;;- ~ - =. frl-.l u.iscpI-
!yncous sources, SyUl71J. 81; from loans
!. II forms, Sy-J.U41, so 81. Ike re.
-u:nucr. So, .CGJ -. WAS the ba,yLce
f:l.! i.>t y,,~.
lie G:sburs, :l,nt, Iuriao t,,a s.i,,.
rer;oL were. },.r t'oarrrs,ioual Tvcn.
ut:yc and judicial nrrnnsce s. y.!D uu9
g; for forcjuu i.t,7,'ur.u 81 1.y.-IJ,
81; "yr ;uisccI,a, ,oy> pynou. s. iurInijur
TIE n;n.s ,.,:.. ~r.t ,fF.a I,.G,inrr;ps
coj,,ct;on # r..t.;ra .~n ,.brr uE,
cla:.cg, SI4.I1yT-I 20; fir rxncusc5
rnGHr the interior D.r,r,n.pnt S%lC1 .
n>,J -. Under tlc War i, nartnlc",
snu1 HI;Q tD- q. Meadow tho %.vy H..
nar.,,ar. So az i>u 60. for ;n.ar,... IN
Tie rut,i. debt. sI3 luU.:ot Is: and for
r2v,. eat oT the noI,;o d.l, ! cln6inr
rcir.Irrsomen,s oy ,n,,. ,>,r,r, i,.,g !
r,le,,,,t;.r eof 1nf d.; ,i',. --n,,,;,,,
a., ,1,''ra.--,o - s,-n Nj "a -, .n7
1,.,,:-7. ot},,.,'o :. -, ,'r,..-,,,.,, -,
ti,Is+ G.~ - ,I,,r ,>ID of s13nI%
446 81 I, .l-nId ha ,.h-s,yr1 th:t tla
s,,, of sac u0c loY 90 n>,.,,3.1 t,r ,a.
in,burscmnnts ari ,r,;rnr,i.o or the
public dcLt, being Included also in the
loans made may be properly deducted
both from tie tcc.ipts ana expenditures,
leaving the aclua. receipts Tor the year
StST. T.1S>::ii-,ii'U7 and The expenditures
Sill .i4 IS Ii OthcI Information on
the subject tie finances viii be given
in the rc.ort of the Secretary Of the
Treasury, to whose statements and views
Invite your u4cst candid and coDsidcrate
attention.
the NAVY ASD wAr rzronrs.
& The reports Of the Secretaries of the
Navy aud War are herewith transmitted.
These reports, Though l,ngrl y, are scarce
" ic.c than brief aistracts OF the very
numerous and extensive transr ctiops
aud operations conducted through these
denarlmcnts. nor could give L summa
ry of them here upon any principle
which would adui, Of its being much