The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1864-11-10
OUR TERMS.
THE SITUATION.

National affairs have Of late greatly
improved. A no period since the be
ginning Of The war have our foreign re
laliohs been as satisfactory as now
The belief that the Government had the
ability end was not TO be cajoled or in.
Inundated from its exercise, to suppress
this rebellion, had long gained ground
throughout Europe, and now generally
prevails; insuring their moral influence
and guaranteeing against any direct or
indirect interference in our struggle -
France, indeed, has taken advantage Of
our domestic difficulties, to plnnta young
scion Of one OF tie enete monarchies Of
Europe, upon the soil Of Republican
Mexico This action is in direct con.
travenlon Of our settled policy, and can
not but be regarded as an insult to us,
which, when eircumstan es favor. must
aud shall be avenged AS no sacrifices
are deemed Too great to insure the con
tinued unity Of this Republic. so no eff.
fort will be waning TO Gust from author-
lily and cxpel from the country all for
eigners who attempt to circumscribe our
boundaries and intorpose against the far
Their extension of our Republican instilu.
tons. All such efforts will prove abor.
tive, for destiny las assigned this North
Americas continent to Republicauism.
iaregard to our finances 100, our sit.
7ualien has greatly improved. It is true
our National debt, including bonds, three
year notes, U. S. Treasury notes of all
kinds and unpaid acquisitions up TO tie
3lst Of October last, amounted TO So.
OH, O99,5l5, yet Government credit is
sound and improving Our elaborate
internal Revenue law, though inopera.
tive in fact as 10 one great source Of rev.
notwithstanding boverages-is now
yielding over SlG,0oO.oOO per month;
and when in full operation, it is thought
will aggregate 395o.OOO,OOo per year;
while the Customs though paid 10 coin
have yielded large excess over the cur-
rent demands for interest on the gov.
eminent bonds, the salaries of our Tor.
eign Ministers, and the sinking fund
The amount Of coin required to meet the
yearly interest on lhe Government bonds,
was, October 3lst, $50 ,G46 ,GO4, aud the
amount of currency demanded to pay
the interes, on all ether liabilities was
Ss8,G870O2 Besides the 1861 no 100
drawing interest in coin and the 1884,.
O99,9l5, bearing interest in currency,
there was $47l, $50 ,Gs8, which draws
no interest, being in'.he shape of cur
rency, and therefore, loan without in
teresi by the people TO the Government.
The rapid reorganization of State Banks
into National Banks, is tending to cur.
tail the aggregate of currency anOst and
proportionately enhances the voluo Of the
residue. National Banks cOunot issue
over copper cent of currency, while tho
charters oil many state Banks, permitted
the issue Of currency equal 10 three times
The amount Of capital stock, The aggre.
gate revenue for the year ending 3Olh
June last, was S2Ol,Cl574s 90, while
for the current year it viii approximate
$85o,oo0 COOS sum sufficient TO pay
tho interest on the public debt, the cur.
rent ordinary expenses Of the Govern
ment and about fourth Of the war cx'
penscs.
In n military point Of view, we have
cause to congratulate ourselves Of tho
substantial progress we have made du.
ring this Summers campaigns in subdu.
ing the rebellion. Sherman has adyon.
ced over two hundred miles further
Southwark, and now holds Atlanta, the
mos! valuable except Richmond of all
their cities. The attempt Of Hood to
sever his commandments been rrus.
tatOd. A succession ofsOnguinOry bOt
ties end series Of briliorl victories
bOye lakcn place IN tue Valley Of Viz