Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1862-12-02
ABSTRACT OF TiGE fRESI!
DENTS MECNAt7R.

The President says the correspondence
touching foreign affairs which has taken place
during the last year Is herewith submitted, in
compliance with the request 70 that effect II
the cohditioao of our relations is less gtatiiy-
ing than formerly, il is certainly more SAITH
factory THAI nation 20 HnhRppily distracted
might have reasonably apprebended A
blockade of 5000 mile Of sea coast could not
be established and vigorously enforced in a
season Of great commercial activity lika the
present without committing occasional mis-
takes, and inaicting unintentional injuries
upon foreign nations and subjects. In clear
cases, Of these kinds have, 80 far as possi-
BILE heard and redressed the complaints BY
friendly pevers There is, however, large
and aagmenting numbeF of dou btfu ldasssupon
upon which the Governmontis Unable 70 agree
with the Governments whose protection is
demanded u by tho claimants There are
more cases in which the United States or their
citizens suffer wrongs from the naval or mill
tary authorities Of foreign nations, which the
Government Of these States are not at once
prepared to redress | have proposed TO some
Of the foreign States interested mutual, con-
Ventions TO examine andl adjust such com
plaints. This has been made especially TO
Great Britain, France Spain and Prussia
In each case Il has been favorably received,
but not yet formally adopted ..aa.n /,
Applications have been made TO me by
many free Americans Of African descent 20
favor their emigration with view to sueb
colonization as was contemplated in the re-
cent acts of Congress. Other parties at home
and abroad, come from interested and other
motives have suggested similar measures,
while on the other hand several Of the Span
ish American republics have protested against
the sending Of such colonies TO their respec-
tive territories. Under these circumstances
| 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 and protect such iemigrants in
all their rights as freemen, and have at the
same time offered 10 the several States sitnat
ed in the tropics, or having colonies there, 70
negotiate with them, subject to the advice and
consent Of the Senate, to favor the voluntary
emigration Of portions Of that class to their
respective territories, upon conditions which
shall be equal, Just and humane q '-A'i"'s
/ Liberia and Hsyti are yet the only eoun
| tries to which coloniSts Of African descent
1 from here could 60 with certainty Of being re.
ceiyed and adopted as citizens and regret
10 say that such persons contemplating colon
izAtion do not seem so willing to emigrate to
these countries as to some others, nor willing
as think their interest demands. ] believe,
however, that the opinion is improving, and
that ere long there will be an augmented and
considerAble emigration to both these coun-
tries "' ' '- j"
Our relations with Ruropesn States remain
undisturbed, and with States Of our continent
have improved, especially Mexico, Costa Rica,
&c.
The President speaks Of favored project,
the Atlantic telegraph, and extending the Pa.
ei6c line to connect with that being extended
across the Russian Empire, thinks the mineral
resources Of the Territories ought TO be de-
veloped as rapidly a. possible. Every step in
that direction would have q tendency to i'm!
prove the revenues. 1t is worthy Of serious
consideration whether some extraordinary
measures 10 promote that end cannot be iadop-
ted The means which suggests itself as
most likely to be effective, is scientific ex-
ploration The vast expenditures incident to
the military and naval operations required for
the suppression of the rebellion, have hitherto
been met with prompttude and certainty
unusual in similar circumstances, and the
public credit has been fully maintained
! The continuance of the war, however, and
the increased disbursements made necessary,
demands your best reflections as to the best
modes Of providing the necessary revenue,
The snspensioh Of specie payment by the
banks made large issues OF United States
no;es unavoidable. In no other way could
the payment Of the troops and the satisfac-
ton OF other Just demands be so economically
or as well provided for Itis extremely doubt
ful whether circulation of United States
notes, payable In coin and sufficiently large
for the wants Of the people, can be perman-
emily, usefully and safely maintained.
Ia there any other mode in which the ne.
eessary provision for the public wants can be
made, and the great advantages Of a safe and
uniform currency secured ! know Of none
VI which promises 80 certain results, and, at the
same time, 50 unobjectionabls, ss the organiza-
Il ton OF banking associations pnder general
] act Of Congress, well guardedin its provislons.
: To such associations the Government might
: furnish circulating notes eon the security oi
/, United States bonds, deposited in the Trea.
] sury. These notes, prepared under the
supervision OF proper officers, being uniform
J IN appearance and security, and convertible
always in coin, would at once protect labor
lsgainst the evils Of vicious currency and
facilitate commerce BY cheap and safe exehan
gee A moderate reservation from the inter,
: est on the bohds would compensate the United
States for the preparation and diAtribntion Of
!. the notes, and q general Aupsryisien Of ths
system would tighten tbs, burden Of that par
Of the public debt employed Is security
9 The public credit moreover, would be greatly
Improved, and the negotiation Of new loaaI
greatly facilitated by the steady market de
mand for Government bonds, which the adop
tion Of the proposed system would create. I!
Il is an additional recommendation Of th,
. !. measure, Of considerable weight ia my iudR
J ! ment, that Il would reconcile, as far as posi-
DE, q! existing inlerealI BY thO opportpnil,