Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1864-12-16

ada through the United States, asgel as the resaIa
tion Of mposts which were temporarily established
by the reciprocity treaty Of the 9th Of June, 1884,
desire, however, to be understood while making
this statement that the colonial authorities of Cam
ada are not deemed to be Intentionally unjust or
friendly towards the United States. bnt on the con-
rary; there IS every to expect that with the
approval of the Imperial Government they will take
the necessary measures to prevent new inearsiens
across the borders
II The act passed at the last session for the eneour
agement ofemigration, has, so far was possible,
been put into operation. 1t seems to lIeed amend
ment which viii enable the officers of the Govern
ment to prevent the practice Of frauds against the
emigrants while on their way and their arrival IN
the ports, as to them free choice of avo
cations and places of settlement. "A liberal dspo-
sition towards this great national policy is manfes
ted by most tthe European States, and ought to be
especially on our part by giving the emigrants efec
tive national protection y regard our eTngrants as
one of the principal replenishng streams which are
apportioned by Providence to repair the rayages of
internal andits wastes of national strength and
health All that is necessary Is TO secure the flow of
that strea'in its present fnilness and TO that end
the Government must in every way make it manifest
that il neither needs nor designs to impose invonn
tary military services upon these who come from 9th
| er lands TO east their lot in our country.
/ The financial affairs of the Government have been
unnecessarily administered during the past year. The
Legislation of the last session of Congress has bene
ficatly affected the revenues, although sufficient
time has not yet elapsed to experience the full ef
feet of several ofthe provisions the acts Of Con
gress imposing increased taxation. es
The receipts during the year from all sources up
on the basis of warrants signed by the Secretary Of
| the Treasury including loans and the balance the
Treasury on the first day OF July, 1865 were Sl,394
796.007.62
| /, And the aggregate disbursements upon the same
basis were 056. 101 49, leaving balance the
Treasury as shown BY warrants, Of s96 789 9o5 78.
Deduc from these amounts the amount OF the prln-
opaI Of the public debt redeemed, and the amount
of Issues in substitution therefor, and the actual
| cash operations of the Treasury we're :-Receipts,
1854 676. .646. 57 disbursements. Ss65, ,234 0S7 S.
which leaves cash balaneein the Treasury OF SIS,
642, ,55871
fthe receipts there we're derived from customs
S102, BIG, 152. 80 From lands S5SS, ,333. 29 from
direct taxes, S475,64896 from internal revenue,
500, TAI ,l34.10 from miscellaneous sources SAT-,
ST. AS. 10 and from loans applied actual expen
dtures including former balances S623 443, ,929. f3
There were dsbursed for the civil service S27 505
500 49, for pensions and Indians S7,517 ,9309I, for
the War Department $3.50, ,7el e4297, for the Navy
Department s75 292 II, for interest of the pub
Tic debt, S53, ,6S5, 42I6s making an aggregate Of
SS65, 234 ,O87SG and leaving balance in the Irea-
sury Of SIS $40, ,55S7 II, as before stated.
For the actual receipts and disbursements for the
first quarter and the estimated receipts and dis
bursements for the three remaining quarters OF the
current fiscal year and The general operations OF the
Treasury IN detail, refer you to the Report Of the
Secretary of the Treasury.
| eoucar with him In the opinion that the oropor
ton of moneys required 10 meet the expenses conse
duent upon the war derived from taxation, should be
still further increased and earnestly invite your
attenlop te this sgbleet, to the end that there may
meet the just expectations Of the Secretary.
The public debt the 1st day Of July last, as ap-
pears hy the books of the treasury united to
billion seven hundred and forty millions, six hun
dred and etT5thousand four hundred and eighty
nine doilars and eighty nine cents $50 49,
49.1 Probably should the war continue for another
II 4 -. .-.1t ts ~ f.-N
five hundred millions. Held as it is for the most
| part by our own people, it has become branch OF
national though private property For obvious rea-
sons the more nearly this property can be distbq-
ted among all the people the better 10 favor such
general distribution greater inducements to become
owners might perhaps effect, and without injury, be
presented to persons of limited means With this
view suggest whetherit might not be both eompe-
tent and expedient for Congress to provide that
limited amount of some future issue OF public secu-
rites might be held by any bona tide purchaser ex-
empt from taxation and from seizure for debt under
such restrictions and limitations might be neces
sary to guard against abuse OF so important PRIV
lepe This would enable every prudent person 10
set aside q small annuity against possible day OF
want. Privileges ike these would render the pos
session Of such securities TO the amount limited,
most desirable to every person of small means who
might be able to save enough for the purpose. The
great advantage of citizens being creditors well
debtors with relation to the public debt is obvious.
| Men readily perceive that they cannot be much OPP
pressed BY debt which they owe themselves
The public debt on the first day OF July last, al
though somewhat exceeding the estimate of the
Secretary Of the Treasury made to congress at the
commencement of the last session. falls short of the
estimate Of that officer made IN the preceding De
cember, to Its probable amount at the beginning
of this year by the sum Of $685. 09T3l. This fact
Eexhbits satisfactory condition and conduct of the
operations of the Treasury.
| The National banking system Is proving to be ac-
ceptable to capitalists and to the people On the
| -. 20 IL E.~l 4 loo.,
ORGANIZED a considerable number Of which were con
versions from State banks Changes from the State
systems to the National systems are rapidly taking
place and it is hoped that very soon there will be in
the United States no banks OF issue not authorized
by Congress- and no bank note circulation not Sc
cured BY the Government.
Thatfhe Government and the people will derive
great benefit from this change in the banking system
of the country can hardly be questioned. The Ma
tional system will create reliable and permanent
influence in support of the National credit and pro-
tect the people against losses in paper money
Whether or not any further legislation IS advisable
for the suppressing Of State bank issues 1t will be for
Congress to determine. 1t seems to be quite clear
that the Treasury carno be satisfactorily conducted
unless the Government can exercise restraining
power over the bank note circulation OF the country
The Report the Secretary of War andthe accom-
panyng documents viii detail the campaigns OF the
armies in the field since the date OF the last annual
message and also the operations OF the several ad-
ministratiYe bueaus Of the War Department during
the last year. It win also specify the measures
deemed necessary for the National defence, and to
keep up and supply the requisite military force.
The report Of the Secretary of the Navy presents
comprehensive and satisfactory exhibit of the af
fairs Of that Department, and OF the naval service
Itis subject Of congratuation and laudabe prideto
our countrynen that navy ofsuch vast proportions
has been organized in so brief period and conduc-
ted with So much efficiency and success.
The general exhibit of the navy, including vessels
under construction, ON the 1st Of December. 1864
shows total of six hundred and seventy one vessels
carrying four thousand six hundred and ten guns,
and of 51039G tons, being actual increase during
the year over and above all losses by shipwreck or
in battle of SO vessels, l67 guns, and 4; ;247 tons
The total number of men at.this time in the naval
service including officers, is about fifty one thousand
: There have been captured by the navy during the
thro hrndred uassala anl thn