The Democratic press. (Eaton, Preble County, Ohio) 1860-1865, 1864-12-08

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rants. Of So. .7s9,sO6 "a. Deluet from 4
these atnounts the amount Of the principal
of the public debl redeemed, and tile amount =
Of issues in substitution therefore, an6 the
sctanl cash operations Of the Treasury
we're. Receipts s8Si,O76, GAG III diSburse'
raauts, 1855, ,234 ,0S7 SO, which leaves cash
balance in the Treasury,.f $ls.si2,5sSSJ SJl.ss
Tile Natioaal Dstt.
The public debt on the-frst day OF July
last, as appears by the booksofthe Treasury,
amounted TO one lillioa seven hundred and
forty million six hundred and ninety thoH-
sand four hundred and eighty n.ns dollars
and iorty.nne cents. Probably should tas
war continue for another year that an oant'
NAV be increased BY not far from 1--WE hun
dred millons. Held as it Is for the most
part bV our own people, it haa become
substantiai braneh oil national theagh Pr /,
xale nfbpeFtys For obgiopa reasons tAe
4 ore nearly this property eaH be llstfi.psea
among all the people the better. 10 iases
such general distribution greater Induce
ments to become owners might, perhaps,
with coed effect, and without injury, be Pre-
senLrl 10 perSons Of limited means VAIN
this view suggest whether it might not D"
both eypedient and comp.teut tor Congress
t. provide that a limited amour. si So%s
future issue o: the public securities nlgh.
pc he'd by any bona adc purchaser eSrnps
from taxation, and IRON seizure tor ueoS
under such restrictions and lmit"non 10
u iEht be necessary to guard sgaina' eoAf
Of so important privilege. inns WouS
enable prudent persons to set ASIDE YIN VII
Annuity against possible day OF WaHL
The public debt on the first day oil 1ni,
last, although somewhat exceeding NE e",-
mats,of the Sscretary Of the Treasury, mas
TO ConyrGjs at the commencement oi ins
last session. mlls short oil The estimate "t
tha. orice' made in the preceding Dsc'mocr
as to ts probable amount at the begianlhS
OF this year. by the sum Of 81 ,995, ,OIS Is
This fact Exhibits n satisfactory coneiuon
aud con 'al. Of the operations Of the LEA
surY,
r,,i National Bands.
The National bsnkipg system 10 proving
In boAcceptlble to eap,ta,ittE ara the Peo-
rlsa On the 25th ri November i've henarep
and Ashty.four Nsuonal Banks h'o Oeeh
urganizod, aconsiisra lie number Of which
wSrs convers; ons IRON State banks. -
Changes from the state syssem to he Ma
! tionsl system are speedily taking place, ana
1t IL hoped that very sJon there will be IN
tbe On. ted States no bank OF issue oot au'
thorired by Coz eresS, and NJ banL uOte cir
culltion not secured by the Government -
I ha, tho Government and the peopl- w'lt
derive general benefit from this change IN
the banking systemE OF the country. ear
hardly be Questioned. lhs national sys-
tenn will create IL reliable and permanent
influence in support of tn natiopal crrdi,,
ana pr .tect the people against losses in the
4 United States Of paper mSnsy Whether or
not any further lsgislation 10 advisable foi
the suppression Of State sank issues, it will
be for Congress 10 determine. 1t seems
quite clear that the treasury can not he
satisfac cen6uctrd unless the Govern
ment can exercise restraining power
over the bank nore citculal ioD OF the cum
try.
Military Matters.
The report Of the Secretary Of War IN |
the accompanying documents will dOtA'l
the campaigns Of the armies in the field
since the Gate Of the last annual message,
and also the operations OF the several I'D
minstratiVe bureaus OF the War nepart-
ment, during the las: year. II will also
specify the measures deemed essential for
the national drfince, aud to keep up and
supply the requisite mi litury force.
. o.. Tie arg.
The rrpar. OF the Secretary Of the Navy
presents u comprthensve and satisfactory
exhibit Of the affairs OF that Department,
and Of the naval service. 1t is a subject OF
congratulatitn and laudable pride 10 oar
sountrymen that a Navy Of suet vast pro.
portion has been organized i'll. ~ briel
period and conducted with 50 mugh cGi-
cheney and success.
Tie PoStcGce Department.
.Yonr attention is directed to the Report
Of the Postmaster Geacral for detailed
account Of the operations and financial
condition Of the POItnflice Department
The postal revenues for the year ending
June 30. 1864, amounted 10 $l2, ,438, 1853 18,
and the expenditures to 4l2,6it,7Ss 20, tho
excess Of expenditures over receipts being
$20s,G6a ~. r.... .. OIL.
! TTort;nunl ~, A. No.I D..1