Smyrna times., 1862-12-04
The Presidents Message.

the Presidents Message was read in bot
Oranches-Senate and House. Though no
2s long as usual, we are unable to give it i
Fhis issue, and will therefore give a synor
SIS which VIC extract from the No,th inner
cGn:
1t Is document which deserves. rs
will undoubtedly command, immediate an,
general attention, its contents being ofgrea
and wide spread interest. 1t opens. AZ !,
customary, with a reference to our foreio,
relations, which, however, seem to be b,
no means assuring or pacific. Still tn,
President thinks that these foreign relation,
are more satisfactory than a nation so un.
happily distracted might reasonably have
appreherded. Perhaps the most significant
paragraph in this part of the Message is
that wherein it says that our troubles have
:" excited political ambitions and apprehen-
s'ons, which have produced profound agi-
tstion throughout the civilized world :" that
We have f'rborne takingpart in any con-
troversy between foreign States and between
parties or factious in such States: :" and that
We have attempted no propagandisln and
acknowledged no revolution" This nm
doubtedly points to the condition of affairs
IN Mexico, the ambition of France and
Spain as theze manifested, ana to the annre-
tensions of England respecting our vast
power az affecting her Canadian colonies.
In view Of the numerous complaints of
wrongs suffered by subjects of foreign GOV
ernments under the blockade, the President
suggested to Great Britain, France, Spain
and Prussia, mutual conventions to adiust
these, as well as the unsettled claims of our
citizens against those governments but al-
though the proposal has been kindly receiv-
Ell IN each case, it has not vet been formally
adopted This brief statement will show
that the ability which Mr.. Seward has
brought to the management of our FOREIGN
affairs in the present very delicate posture is
much creator than he has received credit
Tor. This proposition has placed all COM
pants from governments in such state
that their settlement will be likely to adjust
also many of our own old scores.
The President says of the prosperity and
progress of our territories, that some of them
VIII soon be in a condition to be organized
as states, and be cOnstitutionally admitted
INTO the Federal Union. This fully sustains
what we have already asserted and contend
III ior' and proves that the subject is one
demanding the prompt and energetic action
OF congress. Although the President does
not specify these territories, there can be no
uouot that he refers to Colorado and Ne |
orAska- In order to aid in the settlement
OIL oil the territories, he suggests thorough
scientific exploration of their mineral re-
sources.
On the subject of the National finances
'he message urges return to specie nav
ments at the earliest practicable period. and
the adoption of a general banking law. bv
winch all banking corporations would be
furnished with government circulating,
notes on the security ofU. S. bonds demos
tied IN the Treasury Department. This is
to be Mr.. Chase's plan for the
regulation of the National currency ON sucb
a basis as will secure its retention at tbo
counters Of the banks as well as of the sub-
treasures. The President urges that this
would tighten the burthen of that mart of
the public debt employed as securities for
'ne notes, and at the same time greatly fa-
ciiitate the negotiation of new loans bv tho
steady market demand for oovern,non.
bonds which the adoption of this svston,
would create. ''''i'
Inc actual receipts for the year were
SlS7, 7,7SS ,S2L97, and the actual ex,ondi
tares si74,744,7S8.I6. Of these disburso
lnepts the War Department absorbed s3o4
oos s4O7.36, and the Navy Department sI2
s's,'ss-59. For interest on the public
.1o'' - 'he payments were SI3,I0O,32445
y 'e'e"ue OF the POst-ofice Department
SHOWS curious state of affairs. II ia CO
being only $4,000 less tbon
was derived from all the States ofthe Union
lurilIg the previous year. In the somo
.'pe the expenditures of the department {
S nave been reduced s2,4sI 900; vet such '
LAS peen the reckless legislation of former !,
years that the department still shows an ~
nnal deficit of s2,ll2,sl4 80 81"
The remainder of the message is devo.oa !,
o compensative emancipation, and en'S"S ~
es q series of articles which the Pre.;dsa. i
proposes shall be adopted as amend,naua =
. the National Constitution designed - :
this in the slave States. : I
fh~s articles provide that vbeoev.rl