Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-12-03

Aole ulBIAtlou 10 DOln Iuese countries
from the United States.
The new commercial treaty between the I
United States aud the Sultan Of Turkey has
been carried into execution.
A commercial and consular treaty has /
been negotiated, subject 10 the SeuAte's 4
consent, with Liberia; aud a similar nego-
tiatiOn is now pending with the republic
of Hayti. A considerable Improvement of /
the national commerce Is expected to result |
from these measures.
Our relations With Great Britain, France,
Spain. Portugal, Russia, Prussia, Denmark, |
Sweden, Austria, the Netherlands, Italy. |
remain undisturbed. Very favorable Fela- |
tons also continue to be maintained with
Turkey, Morocco, China, and Japan.
During the last year there has not only
been no change of our previous relations
with the independent states Of our own
continent, but more friendly sentiments
| than have heretofore existed, are believed
to be entertained by theseneighbors, whose
safety and progress are 80 intimately con-
nected With our own. This statement e..
!, pecially applies to Mexico, Nicaragua,
Costa Rica, Honduras Pera aud Chill.
4 The commission under the convention
with tho republic Of New GrepBda closed
its session, without having audited md
passed upon, all the claims which were
Il submitted 70 1t. A proposition Is pending
10 revive the convention, that it may be
Il able 10 do more complete justice. The
i joint commission between the United States
and tue republic of Costa Rica has COM
pleted its labors aud submitted its report.
il have favored the project for connecting
the Uuited States with Europe by an At
lantic telegraph, and similar project TO
extend the telegraph from San Francisco,
to connect by Pacific telegraph with tue
II line which is being extended across the
Russian empire.
The Territories of the United States, with
unimportant exceptions, have remained
uudisturbed by the civil war: and they
are exhibiting such evidence of prosperity
as justifes an expectation that some of
them will soon soon be in condition TO be
81 organized as States, and be constitution
ally admitted into the federal Union.
, The immense mineral resources OF some
I OF those Territories ought to be developed
as rapidly as possible. Every step in that
: direction would have a tendency to i'm.
) prove the revenues of the government, and
diminish the burdens of the people. II is
/ worthy of your serious consideration
E whether some extraordinary measures to
4 promote that end cannot be adopted. The
: means which suggests itself as most likely
!. 70 be effective, ia scientific exploration
] of the mineral regions in those Territories
G with view to the publication of its re.
I suits at home and in foreign countries
: results which cannot fail to be suspicious.
t The condition of the finances will claim
}, your most diligent consideration. The
b vast expenditure incident to the military
: aud naval operations required for the sup
i preston of the rebellion, have hitherto
e been met with Il promptitude, aud certain
}. ~, unusuat IN similar circumstances and
i the public credit has been fully maintained
e The continuance Of The war, however, and
! the Increased disbursements made neces
: sary by the augmented forces now in the
J. Geld, demand your best reflections as to the
e best modes of providing the necessary
Q revenue, without injury TO business, AuC
with the least possible burdens upon
e labor.
n The suspension of specie payments by The
banks, at the commencement of your last SEES
If sion made large issues of United States uotel
e unavoidable. In no other way could thu
i payment of the troops, and the satisfaction
q of other just demands, DO SO economically
e or so well provided for. The judicious le
: gislation of Congress, securing the receiy
ability of these notes for loans and interna
e duties, and making them a legal tender fol
: other debts, has made them an universal
s currency, and has satisfied, partially, a
least, aud for the time, the long felt wan
If of an uniform circulating medium, SAYING
d thereby to the people, immense sums il
It discounts and exchanges. iH sf
L Areturn to specie payments, however
d at tue earliest period compatible with dut
u regard to all interests concerned, SHOULD
ever be kept in view. Fluctuations In thu
. value of currency are always injurious, anC
II 10 reduce these fluctuations to the lowest
II possible point will. always be a Ieadiur
i purpose in wise legislation. ConVertibility
- prompt and certain couyertibiIity into coin
e is generally acknowledged to be ithe bes
b aud surest safeguard against them; and II
e is extremely doubtful whether circulation
e of United State notes, payable in coin, and
d sufficiently large for the wants of the PEG
n pie, can be permanently, usefully and safe.
10 ~ maintained. .4-gt. II ~
8 Is there, then, any other mode in which
9 the necessary provision for the public want.
e can be made, and the great advantages oil
: a safe and uniform currency secured I
: know of none which promises so Ger
tain results, and is, at the same time, so
9 uuObjectionable, as the organization OF
{ banking associations, under a general act
4 Of Congress, well guarded 10 lis provisions.
J. To such associations the government might
Q furnish circulating notes, on. the security
8 of United States bonds deposited In the
. treasury. These notes, prepared under the
j supervision of proper officers, being uni.
form IN appearance and security, and con.
7 yertible always into coin, would at once
: protect labor against the evils of vicious
currency, and facilitate commerce by chea D
and safe exchanges. slus..s a
E A moderate reservation from the interest
, on the bonds would compensate the United
States for the,preparation aud distribution
, of the notes, and general supervision of
the system, aud would tighten the burden
, of that part of the public debt employed as
securities. The public credit, moreover,
would be greatly improved, and the nego-
} tiatiou Of new loans greatly facilitated by
r the steady market demand for government
li.aAl. -.i.i.l. -.