Sioux City register. [volume] (Sioux City, Iowa) 1858-1871, 1864-12-17

vantage, her former high career OF com.
merce and civilization.
Our very popular and estimable repre-.
sentative in Egypt. died in April last An
unpleasant alteration which arose between
the temporary incumbent Of the Office and
the Government Of the Pacha, resulted ip
. suspension of intercourse. This was
promptly corrected on the arrival Of the
arrival of the successor of the consulate
Our relations with Egypt, as we'll as our
relations with the Barbary Powers, are
entirely satisfactory.
The rebellion which has so long been in
progress ID China has at last been sup.
pressed, with the co operating good Offices
of this Government aud Of the other for
eigu Condmercisl States. The judicial con
sular establish nent has become very diff.
cult aud oaerous, and it will need legisla-
tive regulation to adopt it to the extension
of our commerce and to the more intimate
intercourse which has been instituted be.
tween the government and tine people Of
that vast empire. China seems to be ac-
ceptiug with hearty good will the conven-
tional laws which regulate commerce and
social intercourse.
The public debt on the frst day Of July
last, although somewhat exceeding the es-
Inmates of ,hs Secretary Of the Treasury,
made to Congress a. the commencement
of the last session, fall short of the esti.
mate of that officer made in the preceding
December.
The national bank system is proving to
be acceptable to capitalists and the people.
On the Goth Of November FIVE hundred and
eighty.four national banks had been organ
lied, and considerable number of which
were conversions from State Banks. Chan.
ges from the State system to the national
system are rapidly taking place and it is
hoped that very soon there will be in the
United States no bank Of issue not author
lied by Congress and 40 bank note circu.
lations not secured by the Government,
that the Government and the people will
derive general benefit from this change in
banking systems Of the country can hard,
| ly be questioned. The national system will
create reliable and permanent influence
in support Of the national credit and pro.
tect the people against losses in the use of
paper money. Whether or not any further
legislation is advisable for the suppression
Of State bank issues it will be for Con.
gress to determine.
1t seems quite clear tnat the treasury
can not be so salts tisfactorily conducted IN
less the Government can exercise strain
, ing power over the bank note circulation
OF tLe country.
The report of the Secretary of War and
the accompanying documents will detai ii
the campaigns of the armies in the field
since the date Of the last annual message,
and also the operations Of lhe several ad-
minuative bureaus Of the War Departme ut
during the last year. 1t will also specify
the measures deemed essential for the
national defense and to keep up and to
supply the requisite military force.
The report Of the Secretary of the Navy
presents q satisfactory exhibit of the affairs
of that department and Of the naval ser.
vice. 1t is a subject Of congratula,on
and laudable pride to our countrymen
that navp Of such vast proportions has
been organized in so brief period, and
conducted with so much efficiency and
success. The general exhibit Of the navy
including vessels under construction on
the first o: December, 1864. shows a total
of 6ll vessels, carrying 4,6l0 guns and
5lO,295 tvas, bsipg an actual increase
during the yeaf over and above all losses,
by shipwreot or in battle, of SO vessels,
l67 guns and 4o.427 tons. The total
number Of men, at this time, in the naval
service, including officers, is about 5lO,-
600. There have been captured by the
nnvy during the year 324 vessels, and the
whole number Of naval captures since hos.
til,ties commenced is 1900, of which 267
are steamers. The gross proceeds arising
from the sale of condemned prize proper
~ thus far reported amounts to $l4, $780,.
250,5l. A large amount Of such proceeds
is still under adjudication and yet to be
reported.
The total expenditures of the Navy De.
partment of every description, including
the cost of the immense squadyons that
have been called into existence from the
fourth Of March, 1861, to the first of No.
vember 1864, are seas, ,s47 ,262,35. Your
favorable consideration is invited TO the
various recommendations Of the Secretary
Of the Navy, and especially in regard to
navy yards and suitable establishments
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