The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1862-12-04

/ States.
During the last year there mas nc
only been no change OF our PFeVlou
relations with the Independent STATE
LOT nnr continent but more friendly sci
r ,;,nop,s than have been heretofore ex
; istino are believed to be entertained b
those neighbors whose safety and prog
ress are SO intimately connected wit
our own. This statement especially ap
pliesto Mexico, Costa Rica, Nlcaragdi
Honduras, Peru, and Chill The com
mission under the convention with tn
IRrpnblic of New Granada closed III
session without having audited ant
passed upon al the claims which WEI
submitted to it. a proposition is pend
mo 10 revive the convention That Il
may DC able to do more complete jas
tice. The commission between the
United States and the Republic o.
Costa Rlca has completed It's tab9f'
and submitted its report.
have favored the project OF connect
ling the United States with Europe by
an atlantic telegraph, and similar
project to extend the telegraph from
San Francisco t. connect by Pacltlc
telegraph wire with the wire that is
bein@ extended across the Russian en-
,jre. The Territories OF the United
States, with unimportant exceptions,
have remained undis,nrbed by the civl
var, aud they are exhibiting such ev-
ldence Of prosperity a. justlties an ok
recitation that some Of them will soon
,e in a condition to be org 4nlzed as
states and be constitutionally admitted
into tue Federal Union.
The immense mineral resources OF
.ome of these Territories ought t. b.
developed AZ rapidly as possible. Ev'
~ step in that direction would have
i tendency to improve the revenue IT
.hc Government and diminish the bur
lens Of the people.
1t is worthy of your serious c"nSlder1
ion whetherso extraordinary meas
ures to promote that end caanut be
adopted. The measures which Sug-
res itself as most likely to be effective
: a scientific exploration OF the mine
al regions in those Territories, with
view 10 the publication Of It's results
e home and IN foreign countries -
eSalts which cannot fail to be ausplc
Gus.
The condition Of the finances will
lain your most diligent consideration,
he vtsg expenditures accidental TO
the military and naval operations re-
quired for the suppression OF the
'cbe lion have hitherto been met with
, promptitude and certainty unusual
in similar circumstances, and the pub
nc or dit has been fully maintained.
The new commercial treaty between
the United States and the Sultan OF
Turkey has been carried into execution.
A commercial aud consular, treaty
has been ncgotiatep, subject to the
Senate's consent, with Liberia, and a
similar negotiation j. now pond'ng
With the Republic of Hayi. A con-
,iderabie Improvement of the national
commorc is expected to result from
these measures. Our relations with
Great Britain, France, Spain, Portugal
Russia, Prussia, Denmark Sweden
and Austria the Netherlands Italy.
Rome, and the other Europen States,
remain undesturbed. Very favorable
relations also continue to be maintaind
with Turkey, Morocco, China and
Japan.
Tho c,ntinuauca of the war however and
the incre lsed di disbursements made necessary
by the au ymented forces in the Il ID de
mand Your best reflection as to the best mode
of providing the necessary revenue wi hour Il.
Jury to business. and with the least possible
burdens upon labor The suspension of specie
payment by the banks, soon after the COM
of y0nr last session. mad large is
sues OF United ) ates notes unavoidable. In
40 other way could the Iavment of the troops
and other Just demands b. so econom cally or
A. well provided for. The judcious legislation
of con u 80 securing The TeceIv bln'y III these
notes for loans and interna duties, aud making
hem legal tender for other debts. has made
them universal currency, and has satisfied, PAL
itlly, q least and tor The time, tn loug felt
HaHt OF >. uniform circulating medium saving
therehv 10 tile people immense sums iDdlscount
and exchange A return To specie payments,
however AT the earliest pg Rod compatib e, with
A due regard to all interests, shonld be kept in
view.
uctuations in the value Of currency are all
ways uiurious, and 10 reduce theSr huctCation
t. the lowest possible point, will ALWAYS be as
lending purpose in wise legislation Prompt
and ctrraiu cVnveTtibility into c.in is generally
acknowledged 10 be the best and sHre+t 70 ainst
Them. aud it is extremely doubtful whether u
of UniCed Sta'es notes, payable IN
"uin aud sufficiently ia-ge for the wa4is OF the
people. eau b. peFmsncnily, usetul'y aud safely
Is the.e any other medium which
The NECESSARY provision tu5 rive pub c wants
can ne made, and rhe great advantages of rat"
and uniform currency secured
know of none which promises certain
result, aud at The same time so ulObjectiona~
be ~ he organization of banking associa .
ions under a gen, raj &c; of Congress we'll
guarded III it's provisions. TO such as>ocia-
'!ons The Government mgh' furnish ci' cuiaIng
nutes oD he security Of Uni ed States bond
icpnsi' ed IN the treasury T"ese ! otes pres
AIRED under The supervision of proper officers
nripg uuiform in appeal ance, and security and
convertible always with coin w9uG At once
sIOterr labor against the evils of vicious cur
rucy, and 'acilate commerce b. cheap AUD
ana safe exchanges. A moderate reservation
from the interest on the bonds, would c0mprn
safe The United States for the preparation and
distribution of the noes, and general Snpef
Iisiom OF the system. would gh'en the burdeI
. that part nf the public deDt emp dyed aS ~e>
cnnty. The public credit, moreover. wo Id b.
0ieatiy improvep and The negotiation of new
cans, greatly facitaIed XIV the steady market
tenaat fol government bonds, which she
tdor uL of 'he proposed ~ stem would create
l. IL All additional Recommendation OF the
measure OF considerable weight in my iudg
menr, thai il would reconcile as Jar as possible
All existing interests by The opportunity c +
tered to existing institutions for secured uui
f7rnI national circulation. stccied, and unse
rsd row issued by III m
] he receipts into the treasury from al. bu
aus, Including loans and balances trnm che
see ding year, for the fiscal year ending o
lie 3Jth OF June, 1862 were:
Customs 40 058 497 81
Direct Tax 1895 1851 rs
Public lands ACKNOWLEDGEMENTS. 1852 33l 63
;,cellaueous- 93l 7S9 81
Loans IN all forms. 526. 692 36U 81
Balance from last year 25I OBS