Charles City intelligencer. [volume] (Charles City, Floyd County, Iowa) 1864-1866, 1864-12-15

the Treasury, amounted to 81, 749, 800
4S9.49. Probably, should the war
continue, for another year, that amount
may be increased by not far from
$500, 100000. Held as it is for the
most part, by our own people, it has
become substantial branch of Ma
tional though private property. For
obvious reasons, the more nearly this
property can be distributed among all
the people, the better. To favor such
a general distribution, greater induce
ments to become owners might, per-
haps. with good effect and without in.
jury be presented to persons of limi-
ted means. With this view | suggest
whether it might not be both expedi-
ent and competent for Congress to
provide that q limited amount of
some future issues Of public securities
might be held by any bona 6de pur-
chaser exempt from taxation, from
seizure for debt, under such restric-
tons and limitations as might be nee
essary to guard against abuse of SO
important a privilege. This would
enable prudent persons to set aside a
small annuity against possible day
of want. Privileges like these would
render the possession of such securi-
ties, to the amount limited, most de.
sirable to every person of small means
who might be able to save enough for
the purpose. The great advantage OF
citizens being creditors as well as
debtors, with relation to the public
debt, is obvious. Men readily per-
ceive that they cannot be much op.
pressed by a debt which they owe
themselves.
The National Banking system is
proving to be acceptable to capitalists
and to the people. On the 25th Of No
vember, five hundred and eighty-foul
National Banks had been organized, a
considerable number of which were
conversions from State Banks. Chang
es from the State system to the Ma
tional system are rapidly taking
place, and it is hoped that very soon
there will be in the United States nc
bank of issue not authorized by Con.
ress, and no bank note circulation moi
secured by the Government. That the
Government and the people will de
rive general benefit from this change
in the banking systems of the country
can hardly be questioned. The Ma
tional system will create reliable
and permanent influence in support
of the national credit, and protect the
people against losses in the use of pa
per money. Whether or not any fur
Their Legislation is advisable for the
suppression Of State Bank issues, i
will be for Congress to determine. i
seems quite clear that the Treasury
cannot be satisfactorily conducted un
less the Government can exercise a
restraining power over the bank note
circulation of the country.
The general exhibition of the Navy
including vessels under construction
of the first of December, 1864, shows
a total of Gil vessels, carrying 4,6l0
guns. and $40, 1876 tons, being an nc
tual increase during the year over
and above all losses. by shpwreck Oh
in battle, of SO vessels, l67 guns, and
ADAPT tons. The total number OF
men at this time in the naval service
including officers, is about 81 1000
There have been captured by the ma
Wy during the year 324 vessels, and
the whole number Of naval captures
since hostilities commenced is 1900
\ Of which 267 are steamers. The grosl
proceeds arising from the sale of con.
demned prize property thus far report
ed amounts to $l4 1896, 250.5l. A large
amount of such proceeds is still under
adjudication and yet to be reported.
The postal revenue for the year end
ing June 30th, 1864, amounted to
$l2,43s,253.7S, and the expenditures
to $l2,644,7 1850. The excess of ex
penditurcs over receipts being S206,
652,42.
The organization and admission o
the State of Nevada has been compile,
ted, in conformity with the laws, and
thus our excellent system is firmly es
tablished in the mountains which once
seemed barren aud uDiphabitablc
waste, between the Atlantic States
and those which have grown up or
the coast of the Pacific Ocean.
The Territories of the United States
arc generally in a condition of pros
perity and rapid growth. Idaho and
Montana, by reason of their great dis
lance and the interrogation Of commu
nication with them by Indian hostili-
ties, have been only partially organic
ed, but it is understood that these diff.
fculties are about to disappear, which
will permit their Governments, like
those Of others, to 60 into speedy and
full operation.
The quantity of public land dispos
cd of during the five quarters ending
on the 30th of September last, was
4,22l,342 acres. Of which l,538,6l4
acres were entered under the Home
stead law. The remainder was loca
ted with military warrants and agri.
cultural scrip certified to States fol-
railroads and sold for cash. The casl
receipts from sales and location feet
was $l,Ol9,446. The income from
sales during the fiscal year ending
June 80, 1864. was So, 800,72l
against 500, GOT, 1896 receipts during
the preceding year.
The great enterprise of connecting
the Atlantic with the Pacific by rail
road and telegraph lines has been en-
tered upon with a vigor that gives
assurance of success. Notwithstand
ing the embarrassmcnts arising from
the prevailing high prices of materi
ais and labor, the route Of the mail
line of the road has been definitely 10
Gated for 100 miles westward from TIN
initial point at Omaha City, Nebraska
and a preliminary location of the Pa
cific Railroad of California has beer
made from Sacramento eastward Il
the great bend of Mucker river, il
Nevada.
There have been admitted to tn,
pension rolls during the year ending
| the Goth dav of June last. the names