The Cass County Republican. [volume] (Dowagiac, Mich.) 18??-1880, 1862-12-04

Liberia ana daytl are yet the only
countries to which colonists of African
descent from here could go with cer
tainty of being received and adopted
as citizens, and regret to say that
such persons, contemplating colonial
ton, do not seem So willing to emf
crate to these countries as to some 9TH
ers. nor so willing as / think their in
terest demands. believe, however,
that the opinion is improving, and that,
ere long, there will be an augmented
and considerable emigration 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 commercial aud consular treaty has
been negotiated, subject to the Sem
ate's consent, with Liberia, and SIM
liar negotiation is now pending with
the Republic of IIayti. A considera-
bic Improvement of the national COM
merce is expected to result from these
measures. Our relations with great
Britain, France, Spain Portugal, Rus
STA, Prussia, Denmark, Sweden, and
Austria, the Netherlands, Italy, Rome,
and the other European States, remain
undisturbed. Very favorable relations
also continue to be maintained with
Turkey, Morocco, China and Japan.
During the last year there has not only been no
change of previous relations with the lndepen-
dent States of Continent but more friendly
sentiments than have been heretofore existing are
believed TO be entertained by those neighbors
whose safety and progress are so intimately con-
nected with our own: This statement especially
applies to Mexico, Costa Rica Nicaragua Hon
duras, Peru and Chill. The commission under the
convention with the Republic of New Grenada
closed its session without having audited and
passed upon all the claims which are submitted to
1t. proposition is pending to revive the conven-
ton that it may be able to do complete justice.
The commission between the United States and the
Republic of Costa Rica has completed its labors
and submitted its report.
have favored the project of connecting the
United States with Europe by Atlantic tele-
graph, and similar project to extend the tele-
| graph from San Francisco to connect by Pacific
telegraph wire with wire that is being extended
| across the Russian empire.
| The Territories of the United States, with unim.
portant exceptions, haye remained undisturbed by
the civil war, and they are exhibiting such evil
dence of prosperity as justiics expression that
some of them will soon be in condition to be or
ganized as States and be constitutonally admitted
INTO the Federal Union.
| The immense mineral resources of some of these
Territories ought to be developed as rapidly as pos
sible Every step in that direction would have 6
| tendency 10 Improve the revenue OF the Govern
ment and diminish the burdens of the people.
| Ii Is worthy OF your serious consideration wheth
| er some extraordinary measures to promote that
end cannot be adopted. The measure which sug
gests itself most likely to be effective is scient
nc exploration of the mineral regions in those Ter
ritories. with view to the publication of its re-
suits ut home and in foreign cOuntrieS-results that
| cannot fail to be suspicious.
| The condition of the finances will claim your
most dlligent consideration. The vast expendi
lures incidental to the military and naval opera
tons required for the suppression of the rebellion
have hitherto been met with a promptitude anC
certainty unusual in similar circumstances and tn,
public credit has been fully maintained.
The continuance of the war, however, and the
increased disbursements made necessary by tn,
lnaugurated force now in the field, demand YOU
best reflection to the best mode of providing tn,
necessary revenue without injury to business, ant
with the least possible burdens upon labor. Tit
suspension OF specie payment by the banks, sooi
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 other just demands be 50 economically or a
well provided for. The judicious legislation o
Congress securing the receivability of these note
for loans and internal duties, and making them
tcuucr iOT Ot0eT ueOlS, mas mdue tDem uni
versal currency, and has satisfied partially eas
and for the time, the long-felt want of a uniform
circulating medium, saving thereby to the peOpl
immense sums in discount and exchange. A re
turn to specie payments, however, at the earlies
period compatible, with a due regard to all inter
ests, should be kept in view.
Fluctuations in the value of currency are AWAY
injurious, and to reduce these fluctuations to tn
lowest possible point, will always be a leading pur
pose in wise legislation. Prompt and certain con
variability into coin is generally acknowledged t
be the best and surest against Them and it is ex
tremely doubtful whether circulation of tn
United States notes. payable in coin, and sufficient
ly large for the wants of the people, be perma
nently, usefnly and safely maintained. Is Their
any other medium which the necessary provision
tor the public wants can be made, and the great ad
vantages OF safe and uniform currency secured
know OF none which promises so certain results
and at the same time SO UNDERSTANDABLE as the or
II ganizaton of banking associations under genera
act of Congress well guarded in its provisions
sucn associations the Government might fur
nish circulating notes the security of United
States bonds deposited in the treasury. Thes
notes prepared under the supervision of proper of
hcers being uniform in appearance, and securit,
and convertible always with coin, would at one
protect labor against the evils of vicious curren
cy, and facilitate commerce by cheap and safe ex
changes. A moderate reservation from the inter
eSs9son the bonds would COM nsate tn
united States for the preservation and distri
Duflon OF the notes, and general supervision
, of the system, would tighten the burden of tina
part OF the public debt employed as security. Tn
public credit, moreover, would be greatly improves
and the negotiation of loans greatly facilitate
, by the steady market demand for government
bonds, which the adoption of the proposed syster
would create. Ii is an additional recommendatio
Of the measure, of considerable weight in my juds
ment that it would reconcile as far as possible a
existing interests by the opportunity offered {
existing institutions for secured uniform nations