The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1864-11-16


would, ere this, have been driven from
our soil. When the recognition of the
CoDfederacy was refused BY Grea, Britain,
in the fall Of S62. the refusal was excused
on the ground that any action by Her Ma,
jesty's Government would have the effect
Of inhaming the passions of the belligerents
and OF preventing the return peace. tits
assumed that this opinion was sincerely en-
tertalned bnt the experience of two years
of unequalled carnage shows that it was
erroneous. and that the result was the re-
verse Of what the British ministry humane-
y desired. A contrary policy, a policy
just to US. policy dlverging from an un-
VARYING course Of concession to all the de-
mands of our enemies, is still within the
power Of Her Majesty's Government, and
would, it is fair to presume. be productive
OF consequences the opposite Of those which
have unfortunately followed its whole
course Of conduct from the commencement
OF the war to the present time. In word.
peace is impossible without Independence,
and it is not to be expected that the enemy
will anticipate neulrals in the recognition
Of that independence. When the history
Of this war shall be fully disclosed, the
calm judgment of the impartial publicist
will, for these reasons. be unable to absolve
the neutral nations OF Easaps from share
10 the moral responsibility ior the myriads
of human ives that have been uDnecessari-
ly sacrificed during its progress.
< The renewed instances IN which foreign
powers have gwen Us just cause Of com-
plant need not here be detailed. The ex-
tracts from the correspondence Of the State
Department, which accompany this mes
sage, will afford such further information
as can be given without detriment to the
public interest, and We must reserve for
The future such action rs may then be
deemed advisable to secure redress.
FINANCES.
i Your special attention is earnestly in
yited 10 the report Of the Secretary of the
Treasury, submitted 10 conformity witk
law. The facts therein disclosed are far
from discouraging, and demonstrate that.
with judicious legislation, we shall be ena-
bsd 10 meet all the ex,geDcies Of the war
frsm our abundant resources, and avoid, at
the same time, such an accumulation of
debt as would rerdsr at all doubtful cor
capacity to redeem il.
| The total receipts into the treasury for
. the two quarters ending on the S0lh Sep
tember. 1864, were s4l5.l9l,55o, whisk
sum added to the balance OF ssOS, ,ssa. TAT.
thatreuained in the Treasury on the ist
of April last, forms atotai OF s72s, ,474, ,27a.
Of this total, not far from half. that is 70
, say, s242, $50, ,ss7, have been applied to
, the extinction Of the public debt, while tho
total expenditures have been S27e,sT8, sos,
leaving balance in the treasury On the
LIST st October, 1864, of Sl0S, ,4S5, 40.
Il The total amount Of the public debt, -
exhibited on the books Of the Register Of
the Treasury. On the Isl October, 1864.
wass1 ,l47. $40. .20s, Of which s5S9, $40, ,ooe
we're founded debt, bearing interest, S5ss.
$50. l5O were treasury notes Of the new
issue. and the remsinder consisted Of the
former issue Of treasury notes which viii
be converted into other ferns Of dsbt, and
will cease 10 existas csrreacy on the slst
Of next month.
The report. however, explains tAat, in
consequence VI the sbseaee Of certain re-
turns irsn distant officers, the trss amount
Of the debt Is less, ~ about -tvsAty- sne
and half million. OF dollars, tAsa appears
on the books Of the kegis s4r. Aaa tAat the
total public debt on TIE krst IL laSt meath
Nay be'fsirly eensidstei to hAys Assn sl /.
6.ssi ,0e5.
The increase Of the public asbt isEis z
! the six mouths frss l1s lsi VI April 10 the
lst Of October, was syy .6tV, ygo, bsiss ra-
tbsr nsrs thsn sl 5000 900 per nesth. sod
IL viii BE- spparsui, oa a psrvsd II tke re-
port. that ths AssMeotsusn would hare
essn a,aiysd. sad = paeitivs rsdsetisn sf
, t,hs alsssnt wtald ba,e been effected, but
tfor certain defects IL The legisl atisn on the