Lewistown gazette. [volume] (Lewistown, Pa.) 1843-1944, 1864-12-14


nor successful during the last year than
they before that time in their efforts under favor
OF that privilege, to embroi our country IN foreign
The desire and determination of the govern
ment of the Maritime States to defeat that design
believed to be sincere and cannot be more
est than Nevertheless unforeseen political
difficulties have arisen. especially IN Brazilian and
British ports, and on the northern boundary Of the
United States which have required and are likely to
continue 10 require the practice Of constant vigilance
and just and conclIiatory spirit the part OF the
United States. as well as OF the nations concerned
and their governments.
Commissioners have been appointed under the
treaty of Great Britain the adjustment of the claims
of the Hudson Bay and Puget Sound Agricultural
Companies in Oregon. and are now proceeding to the
trust assigned to Them In view of the insecurity Of
life and properly the region adjacent to the Cana
dian border by reason Of recent assaults and depre
datious committed by inimca and desperate persons
who harbored there. it has been thought proper
TO give notice that after the of months,
the period condtonaly stipulated under the existing
arrangement with Great Britain, the United States
must hold themselves at liberty to increase their
val armament on the Lakes, If they shall find that
prG3eeeding necessary The condition of the border
VIII necessarily come into consideration
with the question of limiting modifying the rights
Oh TRANSIT roln canada through the United States, as
well as the regulation of imposts which were tempo
rary established by the reciprocity treaty of the 5th
june 1904 desire, however, to be understood while
ma9lng TINS statement, that the Colonial authorities
OF Canada are not deemed be Intentionally unjust
or anrendly towards the United States; but on the
contrary, there Is every expect that with
the approval of Her Maesty's Government they will
take the necessary measures to prevent new incur
slonS TO cross the borders.
The act passed at the last session for the encourage
rnent OF emigration has, far possible, been
put into operation.
1t seems to need amendment, which will enable the
omcers OF the government to prevent the practice of
frauds against the emigrautS their way and on
their arrival IN the ports, so as to secure them here
ree cholce OF avocatons and places of settlement.
liberal disposition towards this great National noii
cy manifested by most of the European States and
ought to be, especially part. of giving the
igrants effective national projection + regard our
einlgrants as of the principal replenishing
streams which are appointed by Providence to repair
he raVages OF internal war; and its wastes of national
StFan &c,
the now OF that stream in its present funess. and 10
that END the Government must everywhere make it
manifest that it neither needs designs to impose
tfnEount'ry military service upon those who come
The financial affairs of the Government have been
successfully administered
During the last year the legislation of the last ses-
son OF Congress has benehcay effected the
athough Suihclent time has not yet elapsed TO expe
rence the full effect of several of the provisions of
the Acts of Congress imposing increased taxation.
Inc receipts during the year from all sources upon
he oasis OF warrants signed by the Secretary of the
treasury, including loans, and the balance in the
treasury on the lst day of July 1853, 81 1885,
OOI o2, and the aggregate disbursements upon the
same basis were 81, ,29SU5610 SO, leaving balance in
the Treasury, shown by warrants. of Ts
Deduct from these amounts the amounts of the prn-
cpal of the public debt redeemed and the amount Of
issues substitution therefor and the actual cash OBJ
eratlons OF the Treasury were:
Receipts SSS4O76646 81; disbursements $685. 234 OS7-
So which leaves as the cash balance in the Treasury
SiSS4255S IL OF the receipts there derived
from customs S02316152 80 From lands. $5SS,332 20;
from direct taxes. $47564s Co. from internal revenue,
SlO9,I4l,lS4 lf from miscellaneous sources S4T5lI
44S TO- and from loans, applied to actual expenditures
including former balances. 1923, ,929 Is. There
for pensions and Indians 1871 $50 81; for the War
Department. S6S79l S42 9 for the Navy Department.
S5s3329I IL; for interest the public debt, S536S5
42l 6S, making an aggregate of 1865 234GS7 &c. and
leaving bal ance in the Treasury of SlS,S42,55s H.
before stated.
For the actual receipts and disbursements from the
first quarter and the estimated receipts and disburse
ments for the three remaining quarters of the current
fiscal year and the general operations of the Treasu
ry IN detail refer to the report of the Secretary
Of the Treasury. 1 concur with him in the opinion
that the proportion of moneys required to meet the
expenses consequent upon the war, derived from tax
aton should be still further increased and earnest
y invite your attention to this subject the end that
there may be such additional Legislation shall be
required to meet the just expectations of the Secre
The public debt the first day of July last as ap-
pears by the books of the Secretary of the Treasury
amounted TO one billion, seven hundred and forty
thousand millions six hundred and ninety thousand
four hundred and eightynne dollars and forty-nine
cents Probably, should the continue for another
year. that amount may be increased by not far from
five hundred millions. Held it is for the part
by our own people, it has become substantial branch
OF national though private property. For obvious
reasons the more nearly this property be dstrib
uted among all the people the better.
To favor such general distribution, greater in
uucehents 20 become owners might perhaps with
good effect and without injury, be presented to per-
whether it might not be both competent and expedi-
ent for Congress TO provide that a limited amount of
some future issue of public securities might be held
by any bona fde purchaser exempt from taxation and
for seizure for debt under such restrictions and mi-
tatons rs might be necessary to guard against abuse
of so important privilege This would enable every
prudent person to set aside small annuity against a
possible day of want Privileges like these would
render the possession OF such securities, to the
amount limited, most desirable to every person of
small means who might be able to have enough for
the purpose.
The Secretary reiterates his recommendations, and
TO them the attention of Congress is invited
The liberal provisions made by Congress for paying
pensions to invalid soldiers and sailors of the Repub
ic and TO the widows, orphans and dependent moth
ers of those who have fallen in battle or died of dis
lVaHi in he apf
the country, have been diligently administered.
The great advantage of citizens being creditors as
well as debtors with relation to the public debt
is obvious Men readily perceive that they cannot be
much oppressed by debt which they owe to them
selves.
The public debt the first day July last although
somewhat exceeding the estimate OF the Secretary
the Treasury made to Congress at the commence
of the last session, falls short of the estimate
that officer made in the preceding December, as to
its probable amount the beginning of this year by
sum of S39950eI 81 This fact exhibits satisfactory
condition and conduct of the operations of the Tres
sury-
The National banking system is proving TO be &C
ceptable to capitalists and TO the people On the 25th
day of November 5s4 National Banks bad been organ
lzed, a considerable number of which CONVEX
sions from State Banks Changes from State systems
TO the National system are rapidly taking place and
IT Is hoped that very there will be in the United
States no banks of issue not authorized by Congress
ana no note circulation not secured by the Govern
rive great benefit from this change IN the banking
system OF the country can hardly be questioned The
innenna " VIII create permanent and reliable
tect the people against losses in the use of paper
money. - - - F,'r
Hnether or not any further Legislation is ad ysable
for the suppression of State bank issues it will be fol
SongTess, 70 oetermlne Ii seems to be quite clea
that the Treasury cannot be satisfactorily conducted
unless the Government can exercise q restraininl
power over the hank circulation of the country
The report of the Secretary of War and the accom-
panying documents will detail the campaign of the
Armies in the field, since the date of the last annua
message, and also the operations of the several nd
ministrative bureaus Of the War Department during
the last year 1t Will also specify the measures deem
and supply the requisite military force.
The report of the Secretary OF the Navy presents
comprehensive and satisfactory exhibit of the Office,
of that Department and Of the naval service
1t is subject Of congratulatlon and laudabe prid
TO our countrymen that Navy of such vast proper
tOns has been organized in brief perled and con
Quoted with so much efficiency and success. Th
o. hihit of the navy dim