Holmes County farmer. [volume] (Millersburg, Ohio) 1857-1926, 1862-12-11


voluntary emigration Of persons Of that
class to their respective territories, upon
conditions which shall be equal, just and
| humane.
Liberia and Hayti are, as yet, the only
countries 10 which colonists of African de-
scent from here could 90 with certainty Of
beiog received and adopted as citizens, and
| regret to say that such persons contem'
plating colonization, do not seem so willing
to migrate to those countries as TO some
others, nor so willing as think their in
terest demands. / believe, however, opin-
ion among thcm, in this respect, is improv-
ing, and that ere long there will be an aug
mented and considerable migration to both
these countries from the United States.
The new commercial treaty between the
United States and the Sultan of Turkey,
has been carried into execution. A COM
mercial and consular treaty has beeen me-
gotiated, subject to the Senate's consent,
with Liberia, and similar negotiation 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, Dem
mark, Sweden and Austria, the Neither
lands, Italy, Rome and tie other European
States, remain undsturbed. Very favor.
able relations also continue to he main.
tanned with Turkey, Morocco, China and
Japan.
During the last year there has not only
been no change in our previous relations
with the Independent States Of our own
continent, but more friendly sentiments
than have been heretofore existing are be-
icvcd to be entertained by these neighbors,
whose safety and,progrcss are so intimately
connected with our own. This statement
especially applies to Mexico, Costa Rica,
Nicaragua, Honduras, Peru and Chill.
The Commission under the Convention
with the Republic of New Granada closed
its session without having audited and
passed upon all the claims which we're
submitted to it. A proposition is pending
to revive the Convention, that it may be
able to do more complete justice.
The joint Commission between the
United States and the Republic oc Costa
Rica has completed its labors and submit.
ted its report.
ATLANTIC TELEGRAPH.
have favored the project of connecting
the United States with Europe by an At
lantic Telegraph, and a similar project to
extend the telegraph from San Francisco
10 connect by Pacific telegraph with the
line that is being extended across the
Russian Empire.
THE TERRITORIES.
The Territories of the United States,
with unimportant exceptions, have re-
NAMED undisturhed by civil war, and they
heve exhibited such evidence of prosperity
MS iustfes an expectation that some OF
them will soon be in condition TO be or
ganized as States, and he constiiutionally
admitted into the Federal Union. The
immense mineral resources of some of
. those Territories ought to be developed as
rapidly as possible. Every step in that
direction would have tendency TO i'm
prove the revenae of the Government and
diminish the burdens of the people.
1t is worthy your serious consideration
whether some extraordinary measures tc
promote that end cannot be adopted Th,
means which suggests itself as most likely
to be effective, is scientific exploration OF
the mineral regions in those Territories
with view of publication of its results at
home and in foreign countres-results
which cannot fail to be auspicious.
TIE NATIONAL FINANCES
The condition of the finances will claim
your most diligent consideration. The
vast expenditures incident to the military
and naval operations required for the sup
preston of the rebellion, have hitherto
been met by promptitude 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 neces-
sary by the augmented forces now in the
field, demand your bes, reflection rs to the
best modes of providing the necessary rev.
cnue without injury to business, and with
the least possible burdens upon labor
The suspension of specie payment by the
! banks soon after the commencement OF your
last session, made large issues of United
States notes unavoidable. In no other
way could the payment of the troops and
the satisfaction of other just demands be
: so economically or so well provided for
The udicious legislation of Congress Sc
; curing the receivablity of these notes fol
loans and internal duties, and making them
, n legal tender for other debts has made
them an universal currency, ard has sat sli
ed, partially a, least, and for the time, the
long felt want of an uniform circulating me
dum, saving thereby to the people i'm
mense sums in discounts and exchanges
A return to specie payments, however, al
: the earliest period compatible with due re-
y card to all interests concerned, should eye'
be kc,t in view. Fluctuations in the value
of currency are always injurious, and to re-
dace these fluctuations to the lowest posi-
BILE point will always be a leading purpose
in wise legislation. Converlibility, prompt
and certain converlibiity, into coin is gen
erally acknowledged to be the best an
surcst safeguard against them, and 1t II
extremely doubtful whether circulation o
, Uuited States notes, payable in coin, an'
o sufficiently large for the wants of the pso
b pie, can be permanently, uSeEully aud saie'I
; ,noinioip, Il