Delaware State journal and statesman., 1864-12-09

W nApVVt 'ha' win the hpPFONhl ot tuN lMPt
rial Government, they will take the ueccssar
3 measures to prevent new incursions across I'll
border
The act passed at the last session for the OF
couragement Of emigration has, so far as posi-
= BILE, been put into operation. IL seems to nee
amendment, which will enable officers OF III
government to prevent this practice Of fraud
against the immigrants while on their W0y an
on their arrival in the ports, 80 as to seour
them here a free choice Of avooations and place
OF settlement A liberal disposition toward
;. this great national policy is manifested by mos
of the European States, aud ought te be recip
roeAled on our part by giving the Immigrant
effective national protection.
regard our emgrants as one of the principa
replenishing streams which are appointed by
Providence to repair the ravsges Of interna
war and its waste Of national strength anC
wealth. ALI that is necessary is to secure the
How Of that stream In its present fullness, aud
10 that end the Government must in every wal
make II manifest that II neither needs nor do.
signs 10 impose involuntary military service
upon those who come from other lands to casI
their lot in sur country.
The financial affairs OF the Government have
been successfully administered during tho last
year. iasl'|
The legislation of the last session Of Con-
grsss has benefcially effected the revenue, al
though sufficient time has not yet elapsed to
experience the full effect Of several of tho pro-
visions Of the acts Of Congress imposing ucrea-
sed taxation.
The receipts during the year from all sources
upon the basis Of warrants signed by the Seoro-
tary Of the Treasury including lOaps and the
| balance in the Treasury on the LIST day Of July,
1868, were 81 ,394, 706, 007, SO, and the aggre-
gate disbursements upon the same loans were
1925, O56, l0l, 89 leaving balance in the
treasury as shown by warrant OF 500, 739, ,905 T3.
Deduct from these amounts the amount Of the
principal of the public debt redeemed aud the
amount Of issues in tpbsttution therefor, aud
the actual cash operations of the treasury wero,
receipts, 1854, ,OTG GAG 81; disbursements, $780,
2a4, ,0o7 SO, which leaves q cash balance in the
treasury Of $lS,S42, ,558,T1. or the receipts
there we're derived from customs sl02, ,3l6, l62,-
g9i from lands, $566, 832, 30; from direct taxes,
$4I6,o4o 90, from internal revenue, SlO9,74l
l34, 10 from miscellaneous sources S475ll,-
44S, 10, aud from loans applied to actual expen-
ditures, including former balance, $823, 49,
wv, l3 There were disbursed for the civil SER
vice, s27 sos, 500, ,46 for pensions and Indiaus
$7.6l7, $50 97i for the War Department, 690.-
I9l, s42, ~ for lhe Navy Department, $50
1888 292, II for interest on the public deLt,
800, $50 42l ,69, making an aggregate OF solo,
2S4 OS7, sO, and leaving balance in the Trea-
sury oil $lS 842, ,5bS H. as before stated, for TIE
L6iua! receipts and disbursements for the first
quarter, aud the eslimRted receipts aud die
bursemen's for the three remaining quarters of
the current fiscal year, and the general opera
tions of the treasury in detail refer you to the
report Of the Secretary Of tho Treasury. cou-
cur With him ip the opinion that the proportion
OF moneys required 70 meet the expenses
consequent upon the war, derived fFom taxation,
should be still further increased, and earnestly !
invite your attention 10 this subject, to the end
that there may be such additional legislation as
shall be required to meet the just expectations
Of tbs Secretary.
The public debt on the hrst Of July last, as !
appears by the books OF the Treasury, amount
cd 10 one billion, seven hundred and ninety |
thousand, tour hundred and eighty-nine dollars
ind forty.nine cents. Probably, should the war
continue for another year. that amount will be
Increased by not far from Ave hundred millions
Held. as it is for The most phrt, by our own
people, 1t has become n substantial branch Of
national though private property. For obvious
reasons, the more nearly this property eau be
distributed among all the people the bettr. To
favor suob general distribution greater induce
mebts to become owners might, perhaps, with
good effect, and without injury, 30 presented to
persons Of limited means.
With this view, Isuggost whether il might not
be both competent and expedient for Congress
TO provide TINT limited amount Of some future
issue Of public securities might be held by any
bona hde purchaser exempt from taxation and
iroTG seizure for debt under such restrictions and
limitations as night be necessary TO guard
against abuse Of 50 important privilege This
would enable every prudent person to set aside
a small annuity against possible day OF want.
Privileges like these would render the posses
Ion Of sach securities, TO the amount limited,
most desirable TO every person Of small means
who might be able to save enough for the pur-
pose. The great advantage Of citizens being
creditnrg as we'll as debtors with relation to tho
public debt, Is obvious Men readily perceive
that they cannot be much oppressed by debt
which they owe to themselves.
The public debt on the first day July last,
although somewhat exceeding the estimate Of
The Secretary of the Treasury made to Congress
NJ the commencement Of the last session. falls
short Of the estimate Of that officer, made in the
preceding December, as to its probable amount
At the beginning Of this year by the sum of
%, ,995. 81. This fact exhibits satisfactory
condition and conduct Of the operations of the
treasury.
The National Banking system is proving to
DO acceptable to capitalists and to the people,
)n the Goth day of November, Eve hundred and
Eighty four National Banks had been organized,
considerable number Of which were CONVEX
lions from State banks. Changes from the State
yBtems to the National system are rapidly
aking place, and it is hoped that very sooa
here will be 10 the pnited States no banks Of
issue not authorized by Congress, and no bank
iote circulation not secured by the Government
aThat the Government and the people will de-
i've great benefit from this change 10 the bank
ng systems Of the country can hardly be ques-
Toned. The National system will create q .
'eiabe and permanent influence n support of
he national credit, and protect the people
IgAinst losses in the issue Of paper money
Whether or not any further legislation is adYisa-
ile for the suppression Of State bank Issues, il
Fill be for Congress to determine. |
II seems quite clear that the Treasury cannot :
70 satisfactorily conducted unless the Govern /,
nent can exercise restraining power over the ,
,Ruk note circulation Of the country.
The report of the Secretary Of War and the
documents will detail the cam.
inigns Of the armies in the field since the date
4 the last annual message, and also the opera :
ions OF the several administrative bureaus of
be War Department during the last year. II =
viii also specify the measures deemed essential !.
or the national defence and to keep up aud !.
upply the requisite military force I
The report Of tho Secretary Of the Navy pre-
ehts comprehensive and satisfactory exhibit
f the affairs Of that Department and Of the
aval service. ltis subject of congratulation
md audAble pride to our countrymen that q :
ayy Of such vast proportions has been organi- !
cd in so brief period and conducted with no
luch efficiency aud SUCCESS
The general exhibit Of the Navy, including ! !
esses under construction, on the LIST Of De- \
ember, 1864, shows a total Of 07l vessels, car.
ylng 6Bl0 guns, and of 6l0, 1896 tons, being an
clual increase during the year, over and above
II losses by shipwre6k aud battle OF eighty '
hree vessels, lG7 guns, and AZ, 1876 tons.
The total number Of men at this time in tho
ayai service, including officers ia about hfty- :,
M Ihnnann1. Where hnYn hann enhlnrnl LIZ =