The sun. [volume] (New York [N.Y.]) 1833-1916, 1864-12-07
THE NEW YORK SUN.
WEDNESDAY MoRNlNG De-. :, 1864.
The Prcrideul,s NIessnRe.

the Presidents MESSAGE. Although our Chief
MsgiHtraio confines himscif 70 the u,orest state.
ments Of the condition 81 public affairs, he still
reveals sufficient TO show that tho future pol 81
bis administration will be In accordance with It's
previous history, ercsp, far ss foreign
relations arc concerned. On this subject the
President indicates . more hostile attitude sgainst
those foreign nstions from whom the Conteierates
have received Aid and comfort during the present
war. The people will no doubt sustain this
postion, and European nations may b. warned
In timo against any interference with matters that
concern Va more nearly than ihemselves. Inc
President In speaking fthe recent eoc'inn' om-
p.oys language similar to thu, already msde use Of
IN our article upon the sIbJcct lie says
mo candidate for any oEoe whatever, high or
low, has vcn,urel b. scek votes on tho svJwal that
he was for giving up the Union. There has bean
much impugnng Of motives, and much heated
c1ntroversy AZ " tho proper means and best mode
OF advancing the Union cause, but In the distinct
isno q Uaion Or No Union, Tho politicians have
shown tLrit Instructive knowledge that there is no
diversity Of opinion among the people"
This statement warrants rs in assuming thst the
Prcaidont will continue 10 admuis,er the dutios u
his Office with due regard b. the interests Of tho
nation, uninaueuccd by the ultra polisciAns who
"'utA NphNliit' nun hhhh NiA' i''AhFfA tiH-
loyal, or Gesirous Of obtaining hum.llating peace
upon terms thu, would lmporil The future welfare
81 our country. The continents Expressed by the
President upon ths subject will 20 much towards
inducing the Democracy 10 support those measures
Of public policy which the people have
endorsed by ro-olecting Mr. LINCOLN, and
We shall he surprised II the present CongrcSs docs
not pas an amendment 10 the Constitution, .boish-
ing slavery within the territory Of ,he unitod
States.
Our financial Affairs appear 10 be in hcI,er cor
diton then the mos. san.ruino Istro, could have
hoped. but we cannot perceive how this position ia
% 10 improved by ,hs issue Of public securities,
that will DO exempted from taxation. or not liable
W seizure for debts contracted by the parties hold
ing them. We do not boeve Congress or tho
people will venture upon any such Quixotc
mode Of raising money until all other
methods have boon exhausted. We have no doubt
that the capitalists require somo inducements ter
loaning their funds 10 the Government, Tut VIC Sc
NO advantage in giving money lenders the special
privileges contempatsd In the suggestions OF tic
Secretary Of tho Treasury, and endorsed by q q
President. Millions u money have already been
procured upon tho faith Of tho nation, and that
faith is still comparatively sound. When money
can no longer BE- raised upon "promiGes to pay"
we have plenty Of revenue 70 fall back upon for
the security OF creditor wacl every dollar q
revenue has been pledged, we cal pawn our
"rcal estate" aud finally resort TO tho "non-
liability for deb. Bonds," ~ a dortars-
ton that We havo reached condition
Of financial embarrassment, when Reputation
becomes tho ouly sword that will cut the Goriian
knot Of our difficulties. Bat we have no 'cl-- II
such conclusion. The public debt IL ovnci
mainly by the people, and tho people will be- pItr.
otto enough 10 wat Tor their money until tho
sources OF the Nation can bo moro fully developed.
Beyond the Mlsssappi River lays a vast tori .ogy,
which, IN fow years. will be peoplol by those
whose industry win so Increase our Ntlon1l
wealth, that very little taxation will more than
suffice TO pay OIL tho few thousand millions this
war will cost US.
The closing paragraphs OF the Presdenrs mes
slTl. although devoted W a consideration II the
question Of pearA 10 not present anything new On
the subject In reitcratng his former declarations
and ro-adlrm!ug tho Emancipation Proclamation,
Mr.. LIsooLS dohres T. be understood as willing 10
leave the door open for al persons 10 ontcr tue
Union, upon terms which ho considers more favor
ole than any llkely ~ bo offered in future II ID
significant, that the prca.den! DOES SPEAK q tho
return Of States to thoir allegiance, nor does he say
anything about tho reconstruction Of Union
which cannot again exist on It's trmer basis u,
desires TO deal with tho units prcicrring to avail
the eourIe Of events before committing himself /,
any defined policy concerning the territorial pos
sessions ola people at present ruled by dospou
leaders. Time will show the wisdom Of this policy
Mcanvhilc 5nFREAs Is "msrching on" GRANT 1
shedding on" and other events are assisting il
convincing tie Confederate, that Our countr,
mus. and shall DO Preserved"