The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1864-12-07


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0 0reee taxea. ACKNOWLEDGEMENTS. I7fe8
1ssa usssllsueues k1fsses$
And hoa loans applied TO aetaal sxpsndip - -
ssssA inesading Aansr bai.ncs-........ a 4lssp
i There we're disbuned:
lcf tie eiviI services ~ sAs "a
g. Iss,ssss - md IsdIans 76l5Iso
Dor the Navy Department nt............. S1sa ~
so~ interest on tbs public debt 5assaTn
nakias = aerss.pssf $50 sszS1
And Issvtag balance IN the Treasury Of ls,A2Ss i
- before stated. For the actasl recdipt,
md disbursements for the 6ist aaarte
and TIE sstimated RECIPES ssd disturse
menis for the three remaining quartsts o.
the current fiscal year and the genera
operations Of the treasury in detail
rfsr yoa to the report Of he Score
tary cf the Treasury. / concur with him
IN tss opinion thst the proportion II 1the
monses required to meet The expenses
eonsequent upon the var, derived fSom
taxation. should be ssill further iscreaSsd.
asd ! earnestly invite yoar astsst;oa o
this ssbject, 70 the end that there NAY b
such additional lsgislstion - shsH Be h.
CURED - meet the just expectations OF
COO Secretary. The public debt on the
6rss day Of July last, Is appears BY the
books Of The Treasury, a@oastsd 70 one
billion seven hundred and forty thousand
millions six huadred and nine'y thousand
four hundrsd and eighty.pins dollars and
forty-nine cents. Probably should tie
var continue for apother year that amount
may be increased BY ncs ar from 6vs
hundred millions. Held q il is for tho
mos, part By our own peerle. it has BE-
come q substantial branch of national
though private property For obvious
reasons the more nesrIy this property car
be distributed among oil the people the
better. To favor such general ioetitu,idns
greater inducements to become owners.
might. perhaps, with good effect, With.
ou. injury bs presented 70 persons oflim.
tied means. @
With there views l sugsest whether il
might not be both expedisnt and compe.
tent for ,Cong-ess to provide that lia5is-
ed amouat Of some future issue Of public
seouritiss night bs held b. auy boss de
purchaser exempt from taxation and from
seizare for debt, With auch rsstrictiona
and Limitations ~ might b necessary to
guard against sbuse OF 30 important .
privilege. This wsuid soabls providss
persons 70 set aside ANAL ssnuity against
possible day Of want Privileges like
these would render the possession of such
securities TO the amosnt limited more de-
sirable to every person Of small means ~ho
might be able TO save enough for the pgr-
pose. Tho sdvsntage Of citizens beitv
creditors. - we'll ~ dsbtors With relation
to the public debt 10 obvious. hen read
lily perceive that they cannos be much op-
pressed BY debt which they owe to them
solves.
The public debt on tho LEI dsy Of Ju,T
last, although somewhat exceeding .he
estimate Of the Secretary Of the Treasury,
made TO Congress 1t the commence ment
OF last session. falls short OF the estimate
of that ofhcer made in the preceding De. !
cember - to its probable amount at this.
the beginning Of the year, By the sam Of
IS, ,995.o79.33. This fact exhibits . sat-
condition of the conduct of the
operations Of the Treasury. The National
Banking system 10 proving to Be accepta-
BILE to capitalists and TO the people. On
the 18th of November i've hundred and
eighty four National Banks had been or
ganized, considerable number Of which
we're conversions from State Banks II
Chaugee from the State systsm to the
National system are rapidly iaking place. |
sod is is boped shas very coon there win
be in the United States 20 bank of issue
no* authorised b. Congress. aud no bank
soss eircuiAtiou not secsred BY the Gov
essDsst. T..st the Government and the
people viii derive general beoe6t frou
this change in the banking sys,en u The
country, can hardly be questioned. 9ae /
Nssiosal syssem will create eonvenisuti |
sod psrmacea' institutions in support Of
shs Nsticas' {, die aud prolses the psopls
agsinst H. > io the use Of paper money |
Whether or sos AS f'wth9 lsgisaasioa l. !
advisable for the suppression OF Sts.s |
Baak issass IL will b fof Congress 70 Ls
termine. II seems quite clear char t.,e
Treasury cannot Be eatisiaci ,rlly cos aaaa. |
Su ~UsOsS VIC 0Uvusut0eut cal e4Q1Fyfs |
restraining power over tks bsak nsac Dir |
cuisiion Of the colntry. Yta4
OF the report of the Seofc,aufpf War.
the accompanying docditea. sill detail
the campaigns Of the arh sh the Esd
since the date Of the lsst II SuAl message.
and alsU.the operations m thcseveral ad.
mlnistrssiys bureaus of the War Depsrt
meut during tie last year. It viii also
specify the measures deemed essential for
the national defense. or 10 keep and %
supply the requisite military force.
Sac sepori Of the Secretary OF the Na,-
W PRESENTS ! comprehensive and satis(ss-
tory exhibit Of the aG4iu of tl,As Depart.
meot end of the naval service. It is !
suhject of cougras1iktfen and hudable
pride TO our eountrymen that . navy 81
sseh ssAs proportions kas been. ersaaiseu
10 - brisf apericd, lasd conducted Win
- aash sfkcisssy and pssosss. Tbs -.
sral axAihit Of she navJ, iDcisdisg vssssls
sadsr osastssotiea On he Grst 81 D,ssel.
bet, 1884. shous 1 toksl or GIL vessels,
casvsiDe 4,t10 guns and 6l0. see eesj,
being an astsal iaossaSe durisa he s1jjr
II ovsr Aad abovs al losses, 81 shipaysek
~ I. / t. bs,sls cf eighsy y-shsss sssssis, lei