The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1864-12-14

in the ports, so as to secure them here, free
choice of avocations aud places Of settle
ment. A liberal disposition towards this
great National policy is manifested by most
of the European States, and ought to be,
especially on our part, Of giving the emf
grants effective national protection. | regard
our emigrants as one of the principal re-
plenishing streams which are appointed By
Providence to repair she ravages OF internal
var, and its wastes of national strength and
health. All that is necessary to secure the
flow of that stream in it's present fullness
to that end the Government must every
where make il manifest, that It neither needs
nor designs to impose involuntary military
service upon those who cume from other
lands to cast their lot in country.
FINANCIAL AFFAIRS.
The financial affairs of the Government
have been successfully administefed.
! During the last year the legislation of the
/ last session of Congress has beneficially
/ effected the revenue, although sufficient time
has not yet elapsed to experiences the full
1 effect of several of the provisions of the Acts
of Congress imposing increased taxation.
The receipts during the year from all
sources upon the basis of warrants signed
by the Secretary of the Treasury. including
loans, aud the balance in the Treasury on
the lst day of July, 1868, were 81 394, 796.-
00I 62, ard the aggregate disbursements
upon the same basis we're 81 ,29S 056, I0l 80
leaving balanse in the Treasury, as shown
by warrants. of 500 734, 905 73. Deduct
from these amounts the amounts of the
principal of the public deot redeemed and
the amount of issues in substitution there
for. aud the actual cash operations Of the
Treasury we're:
Receipts 1854, ,076 GAG 81; Disbursements
2S- 4 az ~
balance In the Treasury SIS 8+2 55S II. o
the receipis there were derive from custom
S102.3I6 l52 %. From lao3s. 1888 332.
20 from direct sqxes S475 6+S 96; fr,m
Internal revenue, SI09 ~ l34 10 from
mi4Cellaneaus sources. 81 5lt, ,4iS 10 ano
from loans. applied to actlai expenditures
including former balauces. S523 443 929 Is.
There we're disbursed for ths eivi! service
S275 0j5 99f 46 for pensions and Indians
81 5l7 go 81: for the War Department
$500 i9l S42 81; for the Navy Department
S15 S33.29t II for interest on the publ
iebt S53 6S5 42l So. making au aggregate
of 1865. % 0S7 SO. and leaving a balance
in the Treasury of Sl6. .842 ,55S IL, as before
stated.
Fer the actual receipts and dis5urs emen,s
from the first quarter. and the estimated re
ceipts and disbursements for the three re
maining quarters Of the current fiscal year
and the general operations of the Treasury
in detail. | refer ypu to the report Of tn
Secretary of the Treasury. [ concur vi
him in the opinion that the proportion @.
moneys required To meet tie expenses con
eequent upon the war, ,der,vej FROM taxation
shJuli be still further Increased. ADD
earnesdy invite your attention t. tai- sub
ject to the end that there NAV ~ sueb
additional legislation as shall be requir-d
meet ,he just expectations If tae Secretary.
TIE NATIONAL DEBT
The public debt un the first day of Jnl
LAST, as appears by the books of tue Sscre
tary of the Treasury, amounted to ore bI.
liun seven hundred and forty millions
SIX huodred and ninety thousand four hun
hundred and eighty-nine dollars and forty
nine cents. Probably, should the var con
tlnue another year. that amount may b
increased by not far from FIVE hundred mil
llans Held as it is for the most part, by
our own people. it has become Il substantial
branch Jf national, though private, property
For Obvious reasons the more nearly thi,
property can be distributed among the peo-
pie the better To favor such general dis
tribu5inn. greater inducements to becOm,
owners might, perhaps with gOoi effect ana
without injury, be presented to persons o
liLated means.
With thi. view suggest whether it nigh
not DO both competent aud expe dient fJr
Congress IL provide that limited amounf
of some future issue nt public securitie
might be held by any bona .tfde pureha-er
exempt from taxation and iruJn seizure frr
debt Under such restrictions and imits
tieOs a. might be necessary e. guard again,t
abuse of 20 important privilege. Tai
would enable every prudent person to set
aside small annuity against possible day
of want.
Privileges like these would render the pos
sessson OF such securities to toe amount lion
tied, most desirable to every person of small
means who might be able To save enongh for
the pnrepss. Tue great advantage Of citi-
zens being creditors as well as debtors with
relation TO the public debt. is Obvious. They
readily preceive that they cannot be much
oppressed by debt which they owe t.
themselves
The public debt on the lst day Of July
last, although somewhat exceeding the es
innate of the Secretary of the Treasury
made to Congress at the commencement Of
the last session. falls short of the estimate
of that officer made 10 the proceeding De-
cember as to the probable auount at the be-
ginning Of this year by the sum of So, ,995,
007 81.
This fact shs satisfactory condition aud
conduct of the operations of the Treasury.
The national Bankiag system is proving to
be acceptable to capitalists and 20 the people
On the 18th dav o. November Eve hundred
ani eighty four National Baaks had been or
ganizsd. a c nsiieraDle number oi which were
c1Bees-ious from the Sate Backs. Changes
lrom tie STATE sys,-ns 10 tBs National sys
rsn are capiiiy tahiog pace, and It Is
a9ped ibss very g19n theFe wil be ia tbe
Oaited States ny Banks uf i7sus not aaEhori-
zed IS Congress. aGd uo bank note cIreuia-
tian sct secursi Is the G,Vernment. That
be G1gerrmeaI aud ne people wil derive
ETeas hea-h5 iru m this change In The bank
seg systems ot tie country can hardly be
questioned. Toe batiooal system will create
enabls and permanent influence in support
r u nr.1 RI,