, 1863-02-19

and management Of our finances on which the
opinion Of the Commissioner of Internal
.Reyenuei5 valuable. He maintains that there
is no reason for believing that the continuance
of the war will swell the public debt to 3,oo,,
cOO, 600 until we are FIR advanced into the last
half of 1854. This sim, large as it appears,
he regards relatively to the increased num-
bers, wealth and productive power OF the
people, Us less than the debt was which We
owed Mt tho close Of the Revolution or Of the
war Of 1879, equal to debt only Of two hun,
d1ed millions in 1858, and Of five hundred
million in 1915. He adds that the capacity OF
the same population to produce real wealth,
articles Of subsistence and common utility 10
twice as great In 1868 as in 1916, and that upon
the tlay Of the restoration Of the Union our
will rise to three hundred millions: Allow
ing one hundred millions for current cxpcns-
IS, and one hundred md twenty millions for
for interest, there remains eighty millions for
the payment Of principal, which will insure
the liquidation Of the public debt in less than
Il cotton be produced by free labor, We can
monopolize the markets Of the world, III
crease the product in twenty years to ten
millions Of bales annually. Subject the crop
to taIe Of from two to four cents per pound
and defy competition, thus deriving in the
the first year IF peaceful labor from thirty to
fifty millions Of dollars, which may be aug
mentcd IN twenty years one hundred per
cent.
It is predicted that the annual returns from
our mines will reach four hundred millions
by 1875.
WHAT VIE CAN AND MIST DO.
Tie use of our vast resources, a cheerful
view at the future, the provision of those
things which wise forecast dictates, the prose-
cution Of the war With all onr energy until
the rebellion is ovcrthrown and the employ
ment If all means to that end, the object of
the war being as ever, the restoration Ut the
Union. are urged cloaucntly; and the arst,-
ment for emancipation is stated il d succinct
| and strong form.
TIE PRESIDENTS POWER TO SUSPEND HADEAs
CORPUS.
Tha paper concludes with an argument with
respect to the powers and responsibilities of
| the President. He is linble to Impeachment,
| but until impeaclcd ht remains President.
"as well in reference to those acts about
which men differ, as in regard to those con-
cerIing which there is q substantial agree
| n1ent; as he is the head Of the Government,
and the first officer Of the nation; as it Is lis
duty to see that the laws are executed; as he
is or should be consequently and necessarily
| In possession of all Information concerning
| the domestic and foreign affairs and relations
| Of the country; as his power to act constant
! ly and Immediately never ceases; as his ca
| pacity TO act is not dependent upon terms or
| sessions of tribunals or bodics; and as there
Is, except the President, no tribunal, judge,
or magistrate in the land that has at all times
| lite NECESSARY information under the constitu-
tion concerning the public welfare, and the
necessary continuing constitutional capacity
| to do what the public safety may demand, SO
| in the President alone Is vested the great all
thoEity, in the name Of and for the protection
Of the people, to suspend the habeas corpus,
whenever the public safety may require it,
This right gives him no more power than he
has as Commander-in-C Chief Of the army, md
although reasonable apprehension of tyr:,n'
ny is no doubt wise, there is no wisdom in thu
denial, By 4 free people, of those powers thai
arc essential to the public welfare
MORE PATH IN RCLERs AND PEOPLE.
The concluding paragraph is as follows:
There eaonld be faith IN the rulers and faith ii
the people. The nation has all the capacities ,yhc!
come from: Elk centuries Of progress IN Euglan'
thrown III the present convulsous.it it will reappea
when peace returns Tue evil that is crushed, tn
tyranny TINT ia removed, will never again disturb
the peace Or reliant the progress Of the lind. TIL
| people will hate tyranny more than ever hefotc
| nof1 +f>-, 1,, Sl,o13a