Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1864-12-09

limited amount Of some future issue Of public securities
might be held by any bona fde purchaser, exempt from
taxation and from seizure fr debt under such restc
tons and limitations Al might be necessary to gIard
against abuse Of so important privilege This would
against possible day Of want Privileges ike these
would render the possession Of such securities the
amount limited, most desirable to every person of small
means who might be able to save enough for this pur
pose The great advantage Of citizens being creditors
well as debtors with reation to the public debt Is oby
Gus Men readily perceive they cannot be much oppess
ed by debt which they owe TO themselves
The public debt on the drst of July last, although
somrvhat edng the spnate Of the Secretary Of the
Treasury made to Congress at the Of the
las session Of Congress falls short Of the estimate ofhat
officer made in the preceding December to its proba
bic amount Al the beginning Of this year by the sum OF
$500 500 73 This fact exhibits satisfactory condition
and conduct Of the operations Of the Treasury
The National Banking system Is promising 20 be ac-
oepahc TO capital and T. the people On the 9Th day
Of November 6Sl national banks had been organized
! considerable number Of which
State banks. Changes from State systems National
systems rapidly taking place and 1t Is hoped that very
there will he in the United States bankof issue
authorized by Coner and b,nk note circulation
not secured by the government That the government
and cope will derive great benefit nom this change in
the banking system of the country hardly be ques
toned The national system vi create reliable and
permanent influence In support OF the national credit
aud protect the people against loss In the Of paper
/ money Nhe'het OF not my iuIlh't esisaton Is az,
visable for the suppress Of state bank issues, It will
be for Congress to determine II quits clear that
the Treasury cannot be satisfactorily conducted unless
the government can exercise restraining power over the
bank note circulation Of the country.
The report OF the Secretary Of Wa aud the accompany
ing documents will detail the campaigns NJ the armies
In thu field date Of the last annual message and
also the operations II hhe several Administrative beau.
reaus OF the War Department during the last year 1t
viii also specify the measures Jeemed essential for the
national fence aud to keep up aud supply the requisite
military force.
The report Of the Seer tary Of the Navy presents a
comprehensive and satsfacoy exhibit u the affairs Of
that department th 5uAyal service. IL is subject
OF congratuation aud laudAbe pride 10 county that
anavy such va PROPORTIONS has been organ zed tn so
brief period ana conducted with much efficiency and
success The general exhibit ofhs navy in udns YES
sells under construction the FIRST Of Deueub 1864
sh total Of GIL vessels ing 6l0 guns and Of
bl0olb tons being an actual increase during the year.
vessels, 1877 guns and ~, ~ tons.
The total number II men at this time In the naval
vice including officers is alout oil GOO There have been
captured by the navy during the year 32i vessels, and
the whole lumber o naval captnTes since hosues COM
meucedis 1874, OF which 267 steamers The gfOss
proceeds arising hom the sale Of condemned prize prop
erty thus far reported am UNITS te Sl4 3s62lO o.
large amount Of such proceeds is still under adjudication
and yet to be ported.
every DESERT ton including the Of the immense
quadious that have been called into existence from the
An Of March 1861 TO the LIST Of November 1861 is
S23S 6l7262 IS Your favorable consideration is r..
que,ed 70 the various recommendations the Secretary
Of the Navy, especially in regard to Navy Yard AID
sui able establishment for the construct aud repairs
iron vessels and The machinery and armOt VI ships,
u which ree ence made "a my ast annual message
Your attention is also invited he views expressed in
the report in relation 10 the legislation Congress at i
last session in respec TO prizes inland
cordially ia the recommendation Of The secretary
10 the propriey OF creating the new rank OF Vice
! Admiral in our nava service
Your attention is invited to the report Of the Post
master General for detailed count II the operations
aud financial condiiian u the Post Office Depart eut
The pos al revenues FOR be year ending June ~ 1854
amounted tn 40 43S SO rs and the expe ditures Ia
ST. 6l47S6 ~ The VI ex eudures recci pts
being S2O5 6j2 A. The views presented by the 70 &
master Genera on he .uhject Of spect grants by the
government IN aid o. ths establishment NJ line OF
ocean mai steamships, and the policy he recommend,
for the dyrl pment Of nGi ea,ed cia Intercourse
with Hdjaceut aud ueg bori cruntries hould receive
Il u Of noteworthy interest hat the steady expansion
Of population, imp Ovemeut and governmental instu-
tons over The neT aud nnocouped Po uos II our eoun
ty have scarcely been checked less imp de de-
siroy by our great cv which al fret glance would
seem TO have AFFORDED almost tie entire energies OF the
natl n The ofgauza1ln aud admission Of the State nf
Nevada has been completed in conformity with law, and
thus excellent .yst,m "a firmly established in the
mountains which once seemed barren and lnhospabe
between the Atlantic States aud those which
grown up the coast Of the Pa ihc ocean.
The Territories Of the Union generally in condi-
tiun Of prosperity and rapid g'owth ldaho and Monta
ma by reason Of their great distance aud the nterup
ton of cunmuuica ion with them. by indian hostiities
have been ouy partially organized but It is understood
that III, difficulties about disappear which will
permit their governments like those Of the others go
into speedy AND full operation.
As intimately connected with and promltve OF this
mater al growth OF the nation ask the attention Of
Congress to he valuable Information and important
recommendati6n SEATING to the public lands Indian
affairs the Pacific Rsilroad And mineral discoveries
contained in the port Of the Sc retay Of the Interior
which is herewith Transmitted, and which report also
braces the subjects OF patents pensions and other topics
Of public interest pertaining TO his department.
The quantity uf public lands disposed Of during he FIVE
quarters ending 800 of september last 2 342
acres Of which 53S GA were entered under the
Homestead Law The remainder located with mill
tafy land variants agricultural scrip certified 70 etetes
for railroads aud sold for cash The cssh received from
sales aud location fees was SlOl9 i46 The in ONE
from sales during the fiscal year ending June 3d. 1854
L Sc 007 q, against 1856 or 81 eyed during
the preceding year. The spgtRate number Of acre
surveyed ling the year oeen equal to the quanti,
ed a AM IL Ia aptfl
p 900 QUO cies Of survey ed aud
The grea' enterprise Of connecting the Atlantic with
= the Pacific states by railways aud Telegraph lines ha
been entered upon viii yigor that gives assurance
Notwithstanding he embarrassments arising
>, from the prev ling hgt prices # material and la
The route Of the main la Of the road has been definite
E, " loca ed for one hundred miles from tn
AIRY loo alton Of The Pachc aoad Of Caornis has beer
made from Sacramento eastward to the great bend 0
y Tukee river IN Nevada
le Numerous discoveries Of gold silver and cluuaba
mnes have been AIDED 20 The many heretofore known
" aud the country occupied ty the sierra Nevada an
Rocky Mountains and tn sub rdinate auees now teen
with enterpfsug labor which is richly remunerave
is believed that the product Of the mines Of preciou
s. metals in that 'eg'n he's during the year reached,
N not exceeded, one hundred millions Ia vaue.
Of II recommended ia my last annual message tina
ie Indian system be remodeled Congress it,a
ID session. acting upon the daton, did proyd
il for reorganizing tie system ia California, and il is be
at eved that under the present organization the
meht Of the Indians there will be attended with
N able Much yet remains 10 be done to Iroyd
for the proper government Of the Indians in other part
AZ Of the country il for advancin
a. settler and u provide for the welfare Of the Indian
Of The Secretary reterates his recommendations and
lie them the attention II Congress is invited.
OF The liberal provisions made by Congress for payn
n pensions invalid soldiers and sailors Of the republic
nv and to tho widows orphans and dependent mothers
Of those who have fallen battle uied Of disease
~ uaced Of wounds received in the service Of the
country have been diligently administered. There hAv
e. been added the pension rolls during the endiu
II the 3Oh day Of June last the Of Is 10 nvai
rh soldiers and OF 27 disabled seamen making preseI
he number Of army invalid pensioners % 767 and Of nav
r invalid pensioners 7l2 or widows, orphans and moth
re ers % i9S have been placed army pension
l. and PAS the rolls The present number Of arm
"a pensions Of this class is 2 i33 and Of navy pension
an 1888 At the beginning u the year the number "
W. utionary pensioners ,430 Ony II OF them wer
soldiers Of whom Of them have since died The o,
n mander those who, under the law d., reoeiy
pensions because Of aonshp to revolutionary SOLDIER
O. During the ysaEndlpg the Both OF June 1874 1904
re GIG % have been paid pensioners Of all classes.
to cheerfuly commend TO your continued patrOnaR
IL the beneyoeni Institutions Of the District OF Coumb
n which have hitherto been established and fosteed b
m Congress- and respectfully refer for information
cerning hJ m, and relation 20 the Washington aqu'
duct, the Capitol aud other matts Of local interest,"
is the report OF the Secretary.
n The Agricultural Department, under the supery iso
ct OF its present energetic and fahfu head rapidly
mendng itself 10 the great and vital interest
a. ated to advance IL is peculiarly the peoples depart
mtnt, in which they feel more directly neerned than
on any other. commend II TO the cinnued attention an
vs. fostering Of Congress
IS The continues since the last annual message al
u the important lines and positions then occupied by
have heen amt