The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1862-12-05

: me Others, nor Ms willing rs j
think ibsff interesj demands. ! be-
tlieve, however, that the opinitn is
improving, and that ere long thcr'
will be an augmented and consider
liable emigration 10 both these coun
triee from The United States.
COMMERCIAL RELATINNs.
The relations OF the United
Estates with Great Britain, France,
Spain aud Portugal, Russia, Prussia
Denmark Sweden, and Austria, the
Netherlands, italy, Rome, and the
other European states remain undis.
tnrbcd. A new treaty has been
made with Turkey and one is pend
ing with Liberia and IIayti. More
friendly relations than ever. exist
with Mexico, Costa kica, Nicarau
qua, Honduras, Peru and Chila
\ OCEANIC TELEGRAM.
! [Tho President favors the Atlantic
Telegraph projcct.] f
t1 THE TERRITORIES.
The territories Of the United
i, States with unimportant exceptions,
. have remained undisturbed by The
civil war, and they are exhibiting
such evidence Of prosperity as iusti'
. fies an expectation that some OF them
will soon he in a condition 10 be cr-
ganized into states, and be constitu.
ltionally admitted into the Federal
, Union. The immense mineral re,
sources Of some of these territories,
ought to be developed as rapidly as
rrssil 10.
Every step in that direction would
have tendency to improve TIE rev.
enues Of government, aud diminis h
g, the burdens of the people.
|, 1t is worthy OF your serious con
siderations whether some extraordi-
nary measures TO promote that end
cannot be adopted. The measure
|. which suggests itself as most like.
|, lIy to he effective is scientific ex.
ploration Of the mineral regions in
| these territories with view to the
. publication Of its results at home
and in foreign countries; results
a which cannot fail to be auspicious
,rtrr UIN Axrro
The condition of the finances will
claim your most diligent considera
ltion. The st expenditures, incl
idert TO the military and naval ope
raiions required for the suppression
Of the rebellion, have hitherto been
met with promptiiude and certain
[, ty unusually in similar circumstan
ces. and the public credit has been
, fully maintained. The continuance
of the war. however, and the in.
. creased d sbursements made neces
sary, demand your best r, Elections
: as to the best modes OF providing the
: necessary revenno, uilho ut injury
: to business, and with the least pos.
sible burdens upon labor. The sus.
pension OF epecie payment hv the
banks made large Issues OF United
States notes avoidable. In nc
other way could the payment OF the
troops and the satisfaction Of otl.el
! just demands be so economically OF
, as well provided 'or. The juiciouf
: legislation OF Congress, securing the
ceivsbility OF these notes fr loans
and internal dnties, and making
them a legal tender for other debts,
has made them O universal curren
cy and has tieliyd-partially at
least, md for the iime-the long fel,
: want Of circulating medium, saw
ing thereby to the people immense
sums in discount and excha g.
A turn o spocie paymeat, how,
over, at the earliest perio compati.
BILE with due regard to all interests
should ever be kept in view. Fluc.
tuatons in the value OF currency arc
always injurious, and to reduce these
fluctuations, to the lowest possible
point, will always be leading pur.
pose in wiz legislation Promp
ana converlibility into coin is gen
} orally acknowledged to be the beet
and surest against them. and it is
Extremely doubtful whether a circu'
llatinn of tho IT,itoJ Stotao ma, no
payable in coin and sufficiently
largo for the wants OF the people
can be permanently useful and safe
lly msin,ained. Is there any other
mode in which the necessary provis
ion for the public wants can be made
and the great advantages of safe
and uniform currency secured2 !
know of none which promises t0
. certain results, and at the samS
time so unohj"otior able, as the or,
I gsniz .tion OF banking associations
under general act OF Congress
well guarded in i's provisions.
To such associations tho govern
= ment might furnish circulating notes
r on the security OF United States
. b 'nds, deposited in the treasury
: Thee iotes prepared under the su
1 iiperyision oi proper officers, being
0 uniform in appearance and security
i and convertible always into coin
would at once protect labor agains
Ia