, 1863-12-26

THE TERRITORIES.
The condition of the several organized Territories
isgcneTaly satisfactory, although the noian disturb
ances in New Mexico have not been entirely sup
pressed The mineral resources of Colorado Neva-
da, Idaho, New Mexico and Arizona are proving far
richer than was heretofore understood | lay before
you communication on this subject from the Gov
ernor Of New Mexico.
EMIGRATION.
again submit to your consideration the exped-
ency Of establishing system for the encouragement
Of emigration. Although this source of National
wealth is again flowing with greater freedom than for
several years before the nsurrecton occurred, there
is still great deficiency Of lsborers in fields Of in
dustry, especially agriculture and our mnes AS well
Of iron and coal as Of the precious metals While
the demand for labor is thus increased here tens
thousands of persons destitute of remuneratiye oc-
cupatiOn, are thronging foreign Consulates and
offering to emigrate to the United States if essential
but cheap assistance be afforded them It is easy
to that under the sharp discipline of civil war the
nation is beginning a new life. This novel offer de-
mands the aid ana ought to receive the attention and
support OF the Government.
THE NATIONAL FINANCES.
The operations of the Treasury during
the last year have been successfully con-
Quoted. The enactment by Congress Of a
National banking law has proved valuable
support Of the Government credt-and the
general legislation in relation to loan, has
fully answered the expectations of its found
ers. Some amendments may be required to
existing laws but no change in their princi-
pies or general scope is believed to be need
ed. Since these measures have been in op-
GRAFTON all demands on the Treasury, inclu-
ding the payments Of the army and the ma
Wy, have been promptly met and fully salts
fed. No considerable body of troops, it is
believed, were ever more promptly provided
and more literally and punctually paid; and
it may be added that by no people were the
burdens incident to a great war ever more
cheerfully borne. The receipts during the
year from all sources, including loans, and
the balance in the treasury at its commence
ment, were $901, 1,125,674 Sc. The aggre-
gate disbursements, $895,796,630 60 leay-
ing balance on the 7th of July, 1868, of
$5,329,O44 2l. Of the receipts, there
were derived from customs 9,059, ,642 40;
from internal revenue, $37,640,787 90;
from direct taxes, $1,485, l03 81; from
lands $l67 ,627 27; from miscellaneous
sources, $50 O,466, 1853 90; and from loans,
$776,682,36l 57-making the aggregate Of
S9Ol l25,674 S. OF the disbursements
there were S2,320,039 % for pensions, &C.;
$4,216,720 SO for interest on public debt =;
S247 ,298, ,465 OIL for the War Department ;
S50,922,986 OIL for the Navy Department
S63, 3,2l1, 100 27 for payment of temporary
debt; and $181,086,635 OF for the pay
ment of temporary debt; and S18l ,086,
635 OF for the payment of the funded debt
making an aggregate of 1895, ,766, $50 65,
and leaving balance in the treasury Of
$5,329,O44 "a. But the payment of the
funded and temporary debt having been
made from moneys borrowed during the
year, must be regarded as merely nominal
payments, and the moneys borrowed to make
them as merely nominal receipts. The
amount of Sl8l,086,635 OF should there
fore be deducted both from the receipts and
disbursements. This being done, there re-
mains as actual receipts, $7l4,709, ,995 So,
leaving balance as already stated
The receipts OIL dieb,srscrueuts for the
first quarter, and the estimated receipts and
disbursements for the remaining three quar-
ters Of the current fiscal year of 1864. will
be shown in detail by the report of the
Secretary of the Treasury, to which | invite
your attention. 1t is sufficient to say here
that it is not believed that the actual re-
suits will exhibit a state of the finances less
favorable to the country than the estimates
Of that officer heretofore submitted, while it
is confidently expected that at the close Of
the year both disbursements and debts will
be found very considerably less than has
been anticipated
THE WAR DEPARTMENT.
The report of the Secretary of War is a
document of great interest It consists of
first the military operations of the year,
detailed in the report of the GeneraI-in-
Chief; second, the organization of colored
persons into the war service third, the ex-
change Of prisoners, fully set forth in the
letter Of General Hitchcock fourth, the op-
erations under the Act for enrolling and
calling out the National forces, detailed in
the report of the Provost Marshal General ;
fifth the organization of the Invalid corps,
sixth, the operations of the several Depart
ments Of the Quartermaster General, Com
missary General, Paymaster General, Chief
of Ordnance, and Surgeon General 1t has
appeared impossible to make a summary of
this vouminous report, except such as would
be too extended for this place, and hence
content myself in referring your attention to
the report itself
THE NAVY DEPARTMENT.
The duties devolying on the naval branch
of the service during the year, and through
out the whole of this unhappy cont est have
been discharged with a fidelity energy
and success. The blockade has been con-
stantly increasing in efficiency as the navy
has expanded; yet, on so long a line, it has
so far been impossible to entirely suppress
Illicit trade. From returns at the Navy
Department, it appears that more than 1000
vessels have been captured since the black
ade was instituted and that the value of
the prizes sent in for adjudication, amounts
to over $13,000,000. The naval force of
the United States consists at this time of
55S vessels completed and in course Of com
pletion, and of these IS are iron clads-ar-
mored steamers. The events of the war
give an increased interest and importance
to the navy, which will probably extend be-
yond the war itself The armored vessels
in our navy completed and in service, or
which are under contract and approaching
completion, are believed to exceed in num-
Der those Of any other power; but while
these NAV he relied unOn for barbor i co,no