Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1862-12-05
TELEGRAPH C.
Synopsis of the Presidents
Message.

Synopsis of the President.
Message.
..- WASHINGTON, Dec. 9.
The following is a synopsis of the Presi
dents Message:
He says the correspondence touching for
eign affairs which has taken place during tn
last year is herewith submitted, in compliance
with the request to that effect The condi
ton of our relations with other nations is les
gratifying than formerly, though it is certainly
more satisfactory than nation so unhappily
distracted might have reasonably apprehend
ed. A blockade of three thousand miles o
sea-coast could not be established and vigor
ously enforced in season of great CONNER
cial activity, like the present, without com
hitting occasional mistakes, and inhictine
unintentional injustice upon foreign nation,
and subjects. In clear cases of this kind,
have, as far as possible, heard and redressed
complaints by friendly powers. There is
however, large and augmenting number Of
doubtful cases, upon which the Government
is unable to agree with the Governments
whose protection is demanded by the claim.
ants. There are, moreover, many cases in
which the United States, or her citizens, suf-
fer wrongs from the naval or military author
tiles Of foreign nations, which the Govern
ments of those nations are not at once
prepared to redress. have proposed to some
of the foreign States interested mutual con.
vention, to examine and adjust some of these
complaints. This proposition has been made
especially to Great Britain, France, Spain and
Dr,ccso Tn nh hoo Ispl1x
| received, but not yet formally adopted.
AFRICAN EMIGRATION.
Applications have been made to me by
many free Americans, of African descent, to
favor their emigration, with the view to such
colonization as was contemplated in recent
acts of Congress. Other parties, at home and
abroad, some from interested and other mo-
tives, have suggested similar measures, while
on the other hand, several of the Spanish
American Republics have protested against
the sending of such colonies to their respec-
tive territories. Under these circumstances,
have therefore declined to move any such col
onies to any State without first obtaining the
consent of its government, on its part to re-
ceive and protect such emigrants in all their
rights as frcemcn and have, at the same
time, offered to the several States situated in
the tropics, or having colonies there, to ne
gotiate with them subject, to the ad-
vice and consent of the Senate, to favor the
voluntary emigration of persons Of that class
to their respective territories, upon condition,
which shall be equally just and humane.
Liberia and Hayti are yet the only coun-
tries to which colonists of African descent
from here could go with the certainty of be.
ing received and adopted as citizens, and
regret to say that such persons contemplating
colonization do not seem so willing to emf
CRATE to these countries as to some others,
nor so willing, as I think, as their interest
demands. believe, however, that the opin-
ion is improving, and that there will be aug
mented a considerable emigration to both of
these countries. Our relations with Mexico
and European States remain undisturbed,
and with the States of our continent have i'm
proved, especially with Mexico, Costa RIGA,
&c.
SUNDRY SCIENTIFIC MEASURES.
The President is in favor of an Atlantic
Telegraph and of extending the Pacific line to
connect with that being extended across the
Russian Empire
He thinks the mineral resources of the ter
ritories ought to be developed as rapidly as
possible. Every step in that direction would
have tendency to improve the revenues. 1t
is worthy of serious consideration whether
some extraordinary measure to promote that
end cannot be adopted The means which
suggests itself most likely to be. effective is a
scientific exploration.
THE WAR EXPENDITURES.
The vast expenditures incident to the mill
tary and naval operations required for the
suppression of the rebellion has hitherto been
met with promptitude and certainty I'M
usual to similar circumstances, and the public
credit has been fully maintained. The con.
tinuance of the war, however, and the in
creased disbursements made necessary there
to demand your best reflection as to the best
modes of providing the necessary revenue
The suspension of specie payment by the
banks made large issues of United States
Notes unavoidable. In no other way could
the payment of the troops and the satisfaction
of the other just demands be as economically
or as well provided for.
It is extremely doubtful whether the circu-
lation of United States Notes, payable in coin
and sufficiently large for the wants of the peo-
pie, can be permanently, usefully and salts
factorially maintained. Is there any other
way in which the necessary provision for the
public wants can be made, and the great ad-
vantage of safe and uniform currency Sc
cured? s.,.
GENERAL BANKING PROJECT.
know of none which promises so certain,
and at the same time is so unobiectionable, as
the organization of banking associations I'M
der general act of Congress, well guarded
in its provisions. To such associations the
Government might furnish circulating notes,
on the security of U. S. bonds deposited
in the Treasury. These notes, prepared
under the supervision of proper officers, be-
ing uniform in appearance and security, and
convertible always into coin, would at once
protect labor against the evils of vicious cur
rency, and facilitate commerce by cheap and
safe exchanges. A moderate reservation from
the interest on the bonds would compensate
the United States for the preparation and dis
tribution of the notes. And under such
general act of Congress, we'll guarded in its
provisions, the Government might furnish to
such associations circulating notes on the
security of general supervision Of the sys-
tenn, and it 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 de-
mand for Government bonds which the adop-
ton of the proposed system would create.
1t is an additional recommendation of the
measure, Of considerable weight in my judy
II N = r