Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1864-12-13


essay 10 guard against abuse Of 90 iupor.
tsnt privilege. This would enable pru.
dent persons TO set aside Q small annuity
against possible day Of want. Privileges
like these would render the possession Of
such securities, to tbe amount limited, most
desirable to every person Of small means
who might be atls to save enough for the
purpose.
L he great advantage Of citizens being
creditors ss we'll 90 debtors, With relstiou 10
the public debt. Is obvious. Men readily
pereeive that they esnnss be much on
| selves
The public debt, on ~ frst day OF JaTv
last, although somswhE exceeding the. -.
mates OF the seeretsfy If the treassrv
MADE TO congress ct the COMM encement os
the last sessrnn, fans short of the estimatee
OF tnat othcer made 10 The preceding D.
oeuoer. as to ito probable suount at the
oeginnIng OF this year, BY the sum of $a.-
995. 80. This fact exhibit. a sst;sfsc.
tory eenditson and condus. Of the OPERA
tions Of the treasury.
TIE NATIONAL BANKING sYsrEr.
The national banking system is proving
to be sccsptsble to capitalists aud 70 tbs
people. 90 the 25tb of November ave
hundred and eighty four national baoka
bad been organized.s considerable humber
OF which were conversions from state banks
Changes from the state system to the ma
tonai system are rapidly taking rlaoe and
IL - nopeo tnat very soon there will be IN.
the Coiteo States no bank Of issue author
izeo oy congress, 10 bank note circulation
NOT secured BY the government. That the
government and the peopIe will da,iya
general benefit from this change in r..
banking system Of the cquntry. can hardJv
be questi' ned. The national system nil.
create reliable and permanent influence
IN support If the national credit. and nro-
tee: the people against losses in the use Of
paper money. Whether or not anv for-
the- legislation is adyisabTs for the sun.
pressiop Of state bank issues, it will be fsr
congress to determine. IL seems omit,
clear that the treasury cannot be satis.ac-
torily Conducted unless the Roye-ument
can exercise Q restraining power over the
kank note circulation Of the country.
REPORT OF THE SECRETARY OF WAR.
The report Of the secretary Of war and
the accompanying documents will detail the
campaigns of the armies 10 the field sinoe
the date Of the last sBnusi message. aod
also the operations Of the several admInis-
traiive bereaHs during the last wear. Fl
will aho specify the measures deemed sa-
Genital for the national defence. and 40
keep and supply the requisite mihtarv
force.
Ths report Of the secretary Of the psvv
! presents comprehensive and satixfaotnrx
exhibit Of the affairs Of that decartment
and the naval service. Ii iss subisct Of
congratulatiou and laudable pride II our
eoun rymen that navy Of such vast uro.
portions has been organized and eoodoa..
ed 9Th such efficiency aud success. The
general exhibit of the navy, including YES.
sells under construction on the lst Of De-,
csmber, 1854, shows q total of GIL vessels.
carrying 4,6lO guns. and Of SIC, 396 iona
being 90 actual increass during the yerP
over end ABOVE all bsses by shipvrecka
or in battle. Of 80 vessels, 167 guns, and
A, 1876 tons. The total number Of men Ar
this time in the naval service, ineIudino
officers, is about 81, 900.
There have been captured BY the navy
during the year 324 vessels, and the who'll
number captured since hosnlities com
menced is 300. Of which 267 are steam,
ers The gross proceeds arising from the
sale OF condemned prize property thus far
reported amounts to Sl4 396, $50 81. A
lage amount of such proceeds is still under
adjudication and yet to be reported.
T6e total expenditures Of the paw de-
partuent, OF every description, including
the cost OK the immense squad ons thai
nave been called into existencs from ths
4th OF March, 1861. to the lst Of Noveu-
Der 1864. are $238, 647. 262 IS.
| f. l.
70 the SarloHs Recommendations Of the sec
rotary OF the navy. especially 10 regard :.
hayward and G suitable estabIiahman,
Tor the construction aud repair of iyun vss-
seis ana the machinery an sTnature foI
our ships to which rsfsreDce was made Ia
| my last annual message. Your attention
| is also invited to the views expressed In IN.
report in relation to the legislation of aeu
gress at the last session 10 respect to prize.
in oar inland waters. / cordially conan.
IN the recommendation of the secretary 4.
to the proPriety Of creating The nav fsnI
Of vice admiral 10 our BsvAl service.
Tsa PosEOFaes DEPARTMENT, 80
Your attention 10 invited 70 the repsre
oil the postmaster general foP q detailsd
account Of the operations aAd financial eos .
ditiOn Of the pOstof6cs department.. TIE
postal revenues Tor the year ending jane
Both, 1864, amGuDted $l2, 438, 253 rs, AND
the expenditures to $l2, GA. 7S6 2O.-ths
excess OF expenditures over receipts being
$2Oo. COZ q The views presented By ths
p stRaSter general on the sutject Of special
grants By the government in aid Of the
establishments Vt new lines Of ocean nail
steamships, and the policy be rscoumsnds
for the Development of increased eomuer-
I al ur1K "a
b1ring countries, thOuld receive the care
full consideration ct congress.
| EEVAD2,
The organization and admission OF ths
STATE oil Nevada have been complsted in
conformity With the laws. aud thus our
exec lent eystem is firmly established In
the mountains which ones seemtd barren
! and uninhsbitabie WaGts between the At
laDtic states and those which have grown
up on the coast Of the Pa-i6c ooesu.
7HE 5ElE110zIEs.
The territories Of the United States az,
generally In condition Of prosperity and
rapid gIoWit. Idaho and Eontank hv
rea''ne OF their great distances ard the ia
tTe9phop OF Communication with thea, ~
Indian hOsti6ties, have been onis nsitisIIy
organized, bat il ie understood that thess
difficulties are about TO disappear. which
will permit their geserDDsnts, like tboss
OF others, to 60 into speedy aud fall opera
| tim.
Ii Hof noteworthy Interest that The
steady expansion Of population and iu-
proyemeDt 10 governmental institutions
over the new and uIoosppied portions Of
our country have scarcely ben checked.
much less impedsd or destroyed, By our
great civil war, which ct frst glance would
sssm q have sbsorbed sImott the sntirs
energies Of the nation. 49,. -.
su ExPOEI or nm sEaz1ARI or Tzz Isrraioa.
As Intimately eonneetsd With and pro.
motive of this material growth Of tbs "a.
tioa, | ask the attention Of congress to the