Union County star and Lewisburg chronicle. [volume] (Lewisburg, Pa.) 1859-1864, 1862-12-02

| llDtflt ana n hlmilAT negotiation Is now ih nj
ing with the republic Of Hayti. A considerable
Improvement of the national commerce is eX
pected to result IRON these measures.
Our relations with Great Britain, France,
ISpain, Portugal Russia, Prussia. Denmark
Sweden, Austria the Netherlands, Italy, Rome,
and the other European States, remain undis
turbed. 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 our previous relations with the
independent States Of our own continent, but,
more friendly sentiments than have heret fore
existed, are believed to be entertained by these
neighbors, whose safety and progress are so
intimately connected with our own. his state
ment especially applies To Mexico, Nicaragua,
Costa Rica, Honduras, Peru and Chill
| The commission under the convention with
| the republic of New Grenada closed its session
without having audited and passed upon, ali
the claims which were submitted to it, A
proposition is pending to revive the conven-
tion, that it may be able to do more complete
Justice. The joint commission between the
United States aud the republic of Costa Rica
has completed its labOrs and submitted its re-
prot.
have favored the project for connecting the
United States with Europe 10y an Atlantic tele-
graph, and a similar project to extend the tele
graph to San Francisco, to connect by Pacific
telegraph with the line which is being extended
across the Russian empire.
| Ihe Territories OF the United states, with
unimportant exceptions, nave remained undls
turped by the civil war anu they are exhibit
ing such evidence Vi prosperity as Justines an
| expectation that some of them Will soon pe IN
a condition to be organized as States, and be
lConstltutlonally admitted into the Federal
| Union
| The immense mineral resources OF some OF
these Territories ought to be developed as rap
Idly as possible. Every step IN that direction
would have tendency to improve the revenue
OF the government, and diminish the burdens
OF the people. Ii Is worthy OF your serious
consideration whether some extraordinary nlea
sures to promote that end cannot be adopted
lhe means which suggests Itself AS most likely
TO be effective, Is scientific exploration OF the
mineral regions in those Territories, with a
view to the publication OF its results at home
and in foreign countries results which cannot
fall to be auspicious.
1he condition OF the finances will claim your
most dlllgent consideration. The vast expen-
ditufes incident to the military and naval op-
| eratlons required Tor the suppression oil The
rebellion, nave ihltherto been met with u
IPromptitude, and certainty, unusual In similar
| circumstances ana the Pupio creoit mas peeh
% tuny nAeu .,I H., ;is =, .no m",
,,sa1a a, anu ~, tha "a 1orass ,'a.s
IN ,h. f..1d d.manS vour b.S, r.d..ct;onS - ="
~, -, -, of nrvyd;ng ,h. ,,.r.s.,rr ~
enne without injury to business and with the
Ieast noss;hIe bnyd.1s mon LAIR
| The susnenson of snecie payments bv the
hanks Sonp aft.r tn, comu.nc.ment of vopr
last session. made large issus of United States
notes unavoidable. In no other way could the
| navment of the troops and the satisfa, tion of
| other inst demands he SO economically ar So
we'll proyided for. The iudcious legislation
of Congress. securing the receiyabIity of these
notes for Loans and internal duties. and makisg
them legal tender for other debts, has made
them universal currency and has satisfied
partially. at least, and for the time, the long
felt want of an uniform circulating medium
saving thereby to the people, immense sums In
discounts and exchange.
A return to specie payments, however, at the
earliest period compatible with due regard to
| all interests concerned, should ever be kept in
view. Fluctuations in the value OF currency
are always injurious, and to reduce these iuc-
tuations TO the lowest possible point will alwa,
| bs leading purpose in wise legislation. Con
yertib!Ity. prompt and certain conyertibllity
into coin. is generally acknowledged to be the
best and surest safeguard against them and il
is extremely doubtful whether circulation OF
United States notes, payable in coin, and suffi-
GENTLY large for the wants of the people, can
be permanently, usefulIy and safely main
tanned
Is there. then, any other mode in which the
necessary provision for the public wants can be
made. and the great advantages of a safe and
uniform currency secured,
know of none which proHises 70 certain
results and is at the same time 10 unobection
able. as the organization of banking associa