Mineral Point weekly tribune. (Mineral Point, Wis.) 1859-1868, 1862-12-10

| 2 similar negotiation is now r,en,!iny with ,be
Republic OF Hayti. 4 considerable jrnnrove-
iheaV OF the national commerce il expected
to result from these measures Onr relations
with Great Britain, Fraree Snain porta,sl
hassia- Prussia, Denmark, Sweden and Aus
/ trla, the Netherlands. Italy, Rome. and the
other European States, remain undisturhaa
very favorable relations also continue To he
maintained with Turkey, Morocco, China, and
Japan. ~no
OUR SEIGHBoRISG NATIONS
turing the last year there has not only
been no change Of our previous relations x;,s
tue Independent States of cur Continent D..
more friendly sent'meess 4shsn have been
heretofore existing are believed 10 b., enter
tanned by those ueighbors whose saf,tv and
progress are so intimately connected with our
own: This statement especially applies TO
! Mexico, Costa Rica, Nicaragua Honduras
/ feru and Chilli The commission updcr tho
convention with the Republic of New Granada
closed Its session without having audited and
passed upon all the claims which were sub
mtted TO it. a proposition is pendipr 10
| reFl1 the convention that it NAV be able 10
1 do more complete justice The commission
| between the United States and the Republic Of
/ costa hIca has completed its labors and soh
lnitted its report.
International Telegraph.
! | have favored the project of con,oot
ing the United States with Europe bv a,
Atlantic telegraph, and a similar proiec,
to extend the telegraph from San Fran
cisco to connect by Il Pacific telegram
"ire with the wire that is being extended
across the Russian empire
Oar Territories.
The Territories Of the United States
with unimportant exceptions, have remain
cd undisturbed by the civil war. and thew
1 are exhibiting such cvideace of prosperity
as Justiiles an expectation that some of
them viii soon be in a condition TO be orr
! gained as States aud be constitutionalIv
admitte into the Federal Union.
/ 1he immense mineral resources of some
OF these Territories ought to be deye!op-
Ell as rapidly as possible Every step IN
this direction would have a tendency to
improve the revenues Of the Govern
ment and diminish the burdens of the
people.
A Scientific Exploration
1t IS worthy of your serious considora-
! ton whether some extraordinary meas.
ufes1to promote that end cannot be adont
ed. The measure which suggests itself
as most likely to be effective is a sci.nti-
nc exploration of the mineral regions in
those Territories, with view to the nub-
iIcation of its results at home and in
foreign countries-results which cannot
tali to be ausspicious
National Finances.
The condition ofthe finances will claim
your most dIligeut consideration The
vast expenditures incidental to the milit-
airy ana naval operations required for the
suppression Of the rebellion have hithar-
I at
tainty unusual in similar circumstances.
and the public credit has been fully main
tained
TIE CURRENCY INFLATIoS
The continuance Of the war, however.
ana the increased disbursements made ne
cessary by the augmented forces no. in
the held, demand your best reflection as
TO the best mode OF providing the neces-
Safy revenue without injury TO business,
ana with the least possible burdens upon
iabor Inc suspension of specie payment
by the banks, soon after the commences
meht OF your last session, made large is
sues of United States notes unavoidable
In no other way could the payment of the
troops and other just demands he so eco
nomlcaiIy or as well provided for. The
JuGicious legislation of Congress securing
the recelvability of these notes for loans
anu internal duties, and making them a
legal tender for other debts, has made
them universal cUrfencv, and has satis6-
ed, partially at least and for the time the
long ieit want of a uniform circulating
medium, saving thereby to the people i'm
mense sums in discount and exchange
\ return to specie payments, however, at
the earliest period compatible, with due
regard To al interests, should be kept in
view
EVILS or FLUCTCAT1oy
Fluctuations in the value of currency
are always injurious, and to reduce these
fluctuations to the lowest possible point.
VIII always be a leading purpose in wise
legislation. Prompt and certain convert
ability into com is generally acknowleds-
ed to be the best and surcst against them
and 1t Is extremely doubtful whether cir
culation of United States notes. pavable
IN com, and sufficiently large for the wants
OF the people, caa he permanentiv useful
~ and safely maintained. Is there any
other medium which the necessary PROV
sion for the public wants can be made and
the great advantages Of safe, uniform
currency secured?
RE5lEDY PROPOSED
| know of none which PROMISES so cor
tam results, and at the same time 8. un-
, Objectionable as the organization OF bans
associations under general act Of Con
gress weil guarded in its provisions. To
such associations the Government might
furnish circulating notes on the security
of United States bonds deposited in the
treasury. These notes prepared under the
supervision of proper officers being uni
form in appearance, and security and con,
veFtible always with coin, would at once
, protect labor against the evils of n vici-
ous currency, AMI facilitate commerce by
cheap AND safe exchanges. A moderate
reservation from the interest ca the bonds
Evould compensate the United States for
the preparation and distribution of these
notes, and general supervision Of the
system would tighten that part Of the pub
lie debt employed as security The pub
he credit moreover, would be greatly i'm
proved, and the negotiation Of new loans
greatly facilitated by the ste ,dy market
demand for government bonds, which the
adoption of the proposed system would
create. 1t Is an additional reeommenda-
ton OF tho measure, of considerable i'm
portanee in my judgement, that it would
reconcile as FAR as possible all existing