Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1862-12-03

puoilc ctedit moreover would be greatly
improved and the negotiation Of new
loans greatly facilitated by the steady
market demand Tor government bonds
winch the adoption Of iae prope.ed svs-
ten would crea'e. 1t is an additional
redommen ation Of the measure OF con
siderable weight in IN, judgment tina, it
Wenid reconcile as tar as possible exist
ing Interests by tic opportunity offered
+ 10 e1atlng institutions TO reorganize un-
der the act substituting only the secured,
UNIFORM. natural circulation far The Local
I aad various circnlstions now Issued.
] TIE PUBLIC RgroRls.
lie Pres dent then gives summary
OF the reports Of The Stcretarie. Of w ar
and the Navy, All say-, though lengthy
these a. e only brief abstracts. He saws
there is decided improvement Ia the
financial condition OF tho Post Office
deaartment, compared with preceding
years.
Inc Secretary Of the Interior reports
that public lands have ceased TO he a
source OF revenue. Speaking Of Indian
affairs, he saws:
submit for your special considers.
ton whether our Indian system shall
not be remodeled.
AMENDING THg CONSTITUTION.
lie then suggests amendments 10 the
Constitution. Congress concnrring, 10 be
proposed TO the legislatures or conven-
tons Of the several States, which, If rat,
med by thrce-fourths OF the said Le,i.
Is.ure>, are to be valid as parts of The
Constitution.
The frs: article proposes that all
States abplishing slavery before Janua.
r. Isl, 1900, sha receive com mpensat,on
from the United States.
The second provides that all slave.
freed by the chances Of war any time
before the end OF the rebellion shall be
forever free, but ali owners who have
not been di.loval shall be compensated,
The third provides ,ha. Congress may
appropriate money, ana cther.isc pro
vide, for coloniz'ng free coorel pe,sops.
with their consent, It any place withon
tn, | nltcd states. Tue President
discusses these articles at some length.
and asks If thus, for common object,
siava property is 10 be sacrificed, is it not
Just 1t be done IT a common eharrn. and |
II with less money, or more elsiiv. we
can preserve the benefits Of the Union
i'r this means, than We can by the war
alone, is i not economical to 10 it The
proposed emancipation would shorten
tins war, perpetHatc peace insure the
increase IN popuiation, anl proportona
by the wealth OF the country.
The President then SAYS the plan con
sistinr Of these articles is recommended:
not hit that the restoration o1 the ma,
tional authority would be accepted with
ont its adoptloc, nor will the war or the
proceeding under the proclamation of
Sept. 2-l he STAYED because Of tic recon-
Of thi, plan 1t, timely
"A aloption, doubt not, would bring res
toratian, and thereby STAY both; and
notwithstanding tuis plal, tie recon-
that Congress provide IS law
for compeusating any State which mal
adopt the emancipation before tins plan
shall have been acted upon, is hereby
earnestly renewed. This plan is hereby
recommended as a means, not III conciu-
sion Of, but in lltion to, all others Tor
restoring and pres .rving the naeional an
thoritv through the Union The subicc,
IS presented exclusively in its economical
aspect; the plan is proposed as a perma-
nplt constitutional law.
PACIFIC i. h. AHD ILLINOIS snIp CANAL.
He suggests the earliest construction
Of the Pacific Railroads; also the fayera-
bic action Of Coa@rcs OIL projects for the
OF the grea: canals in New
! Iork, Illinois, aud Michis can.
COMPENSATED EMANCIPATION.
Tie President refer, 10 his compen-
satci emancipation proclamation Of Sep
tembcr 22l He says that the portion
Of the earth occupied BY the people Of
the I. $ is well adapted to be the home
Of some national family, but not for two
or more.
In my inaugural address | briefly
pointed ont the total inalequacy Of dis
union as remedy for differences be-
tween the people Of two sections. did
SO in language which cannot improve.
speaking We cannot separate
we cannot remove our respective sections
from each other, nor build an impossible
wall between them.
In conclusion the President SAYS:
The dogmas Of the quiet past are nal-
e1natc to the stormy present. The oc-
ca>ion is piled high with difficulty, and
we must rise with the occasion The |
fcry trial through which we pass will |
light rs down in honor or dishonor to
the latest generation. We say that we
are for the Union. The world will not
forget that we say this. We do know
Row to save the Union. In giving free
dom to the slave We ensure freedom to
the free. Honorable alike in what we |
give and what we receive, we shall noblv, |
safely or mcanly lose the last best hope Of
the earth. Other means may succeed |
this could not fail; the way is plain,
peaceful, generous, Just, and which, If
followed, the world will forever applaud,
and God must forever bless.