The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1864-12-15

both cxptdent and comp lont fJf Cou-
grcss TO provide that limited amolit Of
some iutare issue OF p0,Hc seeuriits
might We htld by any bona fds purchaser
oScmpttt0m taxation AID IRON s, n
fn- dobt, under such resui.tions and limi-
t,'i3n rs might be necessary Ia gu rd
a iiust abuse o! so importt nj u Iri,il e.
fns would enable u'cnt pefsvns 20
set aside small annuity against posi-
bic day Of want. Privileges like these
would render the ppsscssioE Jf soch se-
curites ~ III amount limited, mort de-
sirab.c to every person Of small means,
who might be abe to save enough for the
pnrrcsci The great advantage Of eiti-
I ms being creditors as wcll rs debtors.
" .th relation to the public debt, is obvi-
Jus; mcn readily prcccive that they can
not b, much oppressed by debt which
they owe to themselves,
The public debt on the first day Of July
last, Olthuugh somewhat exec, ding tho
estimate vi the $ crttary Of the Treasury,
made ~ Congress Vt the commencement
Ol the last session, fulls short Of tho esti.
mate OF that fhcer made in the prcced.
ing ID 'ccmbcr, as to its probable amount
at the beginning ol this year, BY tho sum
luf $685. ,079 80. The first exhibits
a satisfactory condition and con.
duct OF tho operations Of the Treasury
Thc national banking system is proviif.
to be acceptable 10 capitalist aud to the
people. On the 2jth o: November, bS4
national banks ha been organiz d, n con
sid rubls number OF which ,ve cpnvci-
sions from Stac bank. Changes frum
the State system g. the national system
are rapidly taking Ilacc, aud II is hoped
that v ry soon there will be in tbs
United States no bank OF issue not All.
thIriE d by Congress, aud no bank nVte
circulation ut secured by tho Govern
/ mcut. That III Government and the
people will der W general boncft front
this change in the banking system OF the
county en- hardly be questioned. The
national sy item " Il croate a reliable and
! p rmNncnt iuilu nee in support OF the
lnational credit, aud protect the people
against losses in the use Of paper money.
, Whether or not any further Legislation is
. hty sable for the sup preston Of Stats
4 nank issue, il will be for Congress to ja.
1 t'rmine. II seems quito clear that tae
2 Treasury cHunot be satisfactorily con.
h duoted unless the Government eau tx.
!. crclse restraining power over the bank
?. note circulation OF the country.
), The report of the Secretary Gf War,
f., aud the accompanying documents, will
Il detail the campaigns Ol the uruies in tho
ii I'D since the dals of the last annual
r message, and also the operations OF the
several administrative bureaus of tho
War Department during the last year,
1t will also specify the measures deemed
essential for the na' iOnll defense aud to
q. keep up and supply the required military
, lOrc'
The report Of the Secretary ofthe Navy
+. presents comprehensive aud sniisTac.
II ory exhibit OF ile affairs OF that Depart.
- mrnt and ol the naval service. II /.
subject of coagratulalion aud l,ujibls
=, pride to our cuun'rymcn th.t a navy of
such vast proportions has been otsanizrd
!, in 50 bric! y riod aud Conducted with 81
much efficiency aud success The gen-
I, ernl xhibt OF the navyj including the
vessels under construction, on the ist of
A Dee, 1864, shows a total OF 67l vessels,
;, carrying 4,6l0 guns, aud 5lO,S95 tons,
being an actual increase during the yea,
! ov,r aud above all losses by ship.w rock
: or in battle, OF SO vessels. l67 guns aud
;, ~, AT tons. tn total number uf men
at THIS time in the naval service, Includ.
ing officers, is about 5l,Oeo, There has
been captured by the navy during tho
: yea, 32i vessels, and the whole numbvr
= pf naval cipturcs since hostilitics COM
: menced Is 800 Of which 267 are stcam-
u crs. ... ..t .v
The gross proceeds arising from tn,
" sale OF condemncd prize property thus ar
, reported, amount 10 Sl4,396 ,25O 5l.-
/ 4 e s.sl. \. al
:, under adjudication and yet to be report:
;, ed. ,.-l
,fi The total Expenditures Of the Navy
m Del artment vt every Ioj, iItion, incIud-
~ ing The cost ut the immense squudrops
10 that have been called into existence,
- from the Ilh of March, 1861, to the lat uf
N November, 1864, are 1895 ,637 ,26l 50.
3 Your favorable consideration is invited
70 to the various rccomme ndatiuns of the
n Secretary ofthe Navy, and especially Id
>. regard to Navy Yard, nnd suitable es-
,t tablishmelt fJr the construclibn and re-
n, pair vi iron vessels and tie machinery
8 aud armament OF our ships, to which re.
m ference WIS made in my last animal
,c message. Your attention is also invited
h to tho vItws expressed in the report, in
AZ relation to the legislation Of Congress, az
It's last Fcssion, In respect 10 prizes on
our inland waters. cordially concur IN
" the recommendation OF the Seer tary ID
70 to the propricty OF creating a new rank
u Vice. Admiral IN our naval service. ..
y. Your attention is invited to tho report
Ia of the Postmaster General, for detailed
IL account OF the operations aud financial
N condition Of tho Postoficc Department.
II hn al InF
A June 80 h, 1864, amounted to SI2,43S :
a. 252 10, aud the expenditures to Sl2, 2,6A4,-
~ 1856 20, the excess Of expenditures ovet
n. receipts being S206,652 ~. The views
! presented by the Postmaster General on
the subj ct Of special grants by tho Gov
, ernment in aid ol the establishment of n
n. new line of ocean mail Steamships, ana
I. oI the policy he recommends lor the de.
!, yclOpmtmt OF iaeressed Commercial in.
Il tercOurSe with adj cent independent
n, neighboring countries, should receive the
=, careful consid ration OF Congress.
~ Ii il is OF noteworthy interest that the
l. steudy expansion of population, improve:
~ lnent AMI governmental institutions over
l. the new and unoceupied portions OF our.
country have scarcely been checked,
much less impedcd or {, stroyed by our
Q great civil war, which, at first glance,
~ would seem to have ubsorbed almost tho
le entire energies OF the ha,inn. = .ed.
> The orsanzation and admission Of the
\ State OF Nevada has been compelled III
= conformity with law and thus our excel:
lent system 10 firmly established in the
e mountains which once seemed a bartea
:, aud uaiuhabituble waste betweeh the
y Atlantic Slutes and those which, have
e grown up on the coast OF the Paciiic
Ocean. Tho territories OF the United