Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1864-12-08


to that end the Government must, 10 every way MAKE
manifest that t neither ueeds uor desigus 10 Impose In
voluntary military service upOn those who come from otnsi
! laDds To cast their lot ia our country.
The nnansia alf ire Of the Government have been sue
cessiuy administered during the past year Tho leglsa
ton Of the st session Of Congress has benehcialy AZ
ctsd the revenues although sufficient time has not yet
elapsed experiences The u effect OF several OF the pro-
visions of the acts OF Congress imposing increased taxation
bass ~ arra lta sgned by theecreary OF the Treasury
including Ionl and the balance In tina Treasury on inc
first day Of Jay, 1868. were 62i ana tne
ass oSe ioi 50 kssi"s 6..uoa 10 tho Treasury
shown war nnte, Of $96.746 s06.73
DeducI from sheae amouutS tho amount o. tne Prnopal
OF the public drbt aud tue amount OF aauos Ia
tulion therefor and the acu cab ourrations OF tho
| Tcea,ury werei r-ceps, 1854 076 6A657i disourse-
usnts sees % l0s7.s6 which leaves each balance In
| the Treasury 0 &iss4l66e1.
uf the rec, io,s toers Wera derived from customs
SI02 3I6 I5e 99 from lands, 1888 29 from direct
| t-x-s 3475 64596i from internal revenue $iUST4i,
1874 10 from miscellaneous sources, 3 Dill 4iS ~ and
applied 70 actual expenditures including former
balance, @623,s43,9 29l 10
hire were dspusaed for the civil service. $27 sos,
500 40 fr pensions AID Iodans, 81 $50 " Tor the
War Department, 1890 79l e42 81; for the Navy Do.
Dntm Mt as 1893 292 ~ for interest OF the public debt
$53655 AL 69maklDg "a aggregate OF Voa 60
aud leaving balance 10 the Aressury OF
| al Def re stated
For the actual receipts and disbursements for the first
ard the estimated receipts and disbursements for
me three reanns quarters o. me sa1ron. S Sssa
fer You 20 tue report Of the Secretary of the Treasury
with him ia the opinion that the proportion Oh
moneys required to meet the expenses equent upon
the war derived from taxation should DO still further IN
creased and earnestly py yuur attention 70 THIS SUD
sc TO the end that there msy be such additional egsa
zion shall % required 70 meet the ast expectations Of
The public debt on bs let day Of last by
the books OF the Treasury amounted to s $50 4es AZ
Prob tby should the war continue for another year that
Emount IA ~ bo increased by far from five hundred mil
lions Held ii for the uost part by our own people
il has become substantial braDch OF national though prl-
vate property For obvious easona. the more nearly THIS
property can be dsrbu cd among all the people the bet
ter To favor Buoh general distribution greater induce
mants to become might, perhaps vii good elect
and thoutinury presented to aone ofmted mesns
4 with this view suggest whether il might be both com
aHd pedirnt for Congress TO provd that limited
amount Of some future issue Of lie securities might be
held By any bona 6de purchaser exempt from axs"n ana
from seizure for debt un6er such restrictions and ma.
tons might be necessary TO guard against abuse OF 80
mpoTaat privilege This would enape every pTadent per-
son ssds sna annuity against possible day OF want
Privileges Ike these would render the pesses ion OF such
securities to the amount limited most desirable 10 every
person email who might DO able 70 save enough
for tho purpose The great advantage OF citizens beng
creditors as well as debtors with relation TO the public
debt Ia curious Men readily perceive that they cannot
be much oppressed by debt which they owe TO them
| selves,
The public debt on the frst day Of July last although
somewhat exceeding the estimate Of the Secretary OF the
Treasury TO Congress at the commencement Of the
session. falls short OF the estimate oil that oncor nade
10 the precedog December 60 s proba7le amoant AZ
The beanDiDg o. ths year BY the sum of 90 995 G9g 81
This fact exhibits satisfactory condition and conduct OF
/ the operations Of the TreaGury.
The national banking system Is proving to be acceptable
to capitalists and to the people On the twentyth day
of November FIVE hundred and eighty four national banks
had been organized considerable number Of which We're
conversions from State banks Changes from State sys
TENS TO the national systems ara rapidly taking place. and
ii hoped that very socn there viii be ig the United
States banks OF not authorised by Congress- and
bank note circulation not secured BY the Government
That the Government and the people will derive great
benefit from this change IN the banking systems oil the
country can hardly be questioned The national system
will create reabe and permanent influence 10 support
Of the national cret and protect the people against losses
the Of paper money Whether or not any further
essation advisable for the suppression OF State bank
issues viii be for Congress- TO determine 1t seems quite
clear that the Treasury cannot be satisfactorily conducted
uness the Government exercise restraining power
over the bsDk note circulation OF the untry
The report Of the Secretary Of War and The accompany
ing documents will detail the campaigns Of the armies 10 the
m snce the date Of the last annual message aud slso the
noera ne Of the several Administrative bureaus Of the
War Depar nent during the ast yaS II will also specify
the deemed essential fr the national defence,
and to keep up and supply the requisite military force
The report If the rtary OF Tne Navy presents
or benve and satisfactory exhibit Of the affairs of that
department aid Of the naval service 1t is subject Of
cong Uuton aud audable pride to our countymen that
navy OF auch vast proportions has been organized in
brief period, and conducted with 40 much efficiency and
| success.
under construction The lat Of December 1884 shows
total q 67I vessels Carrying a6l0 guns aod Of $40 BOB
tons being Increase during the year. and above all
losses in shpwreck 10 battle OF 90 vessels 1877 guOa
and 40 AT tcus The total number Of az this time
the avail service, including ftssrs, Ia about $1,000.
There have been captured By tho navy during th year
4 vessels and tho WI e number Of naval captures since
Do.nltiea commenced 379 Of which 267 stesmsrs.
The gross prucoecs arrg from tue SALE ri Condemned
prize op thus far reported, amount 70 396 250 81.
large amount If such is st under adjudication
| and yet to be repored
T6e total expenditure Of tho Navy Department Of every
description, including the cost IL the immense fqusdrons
that have been called into stncc from TIL ~ Msreh
1851 TO the let OF November 1864 33 647 262 25
Your favorable consideration il iagied the various
recommendations Of the Secretary Of the Navy, especially
rega navy yard and suitable establishment for the
construction and rptr Of iron vesse and the machinery
and sTDsure for chips TO which reference made
Ia mr. last annual message
Your attention as invited to the views expressed in
the report 10 relation the legislation u congress Its
last session 10 respect 70 prize our inland waters
coroiay concur 10 the mendsoD OF the SecFe-
y to The propety Of creating the new rank Of vice
admiral 10 our naval service
Your attention invited 70 The report OF the Postmaster
General Tor detailed account OF the operations add foam
cisl condition Of ihs Post Office Department
amounted to 24Sa 22 zs and the expenditures aH' to
pig 644Lse ~ NE ezee's SPeuditure' over receipts
Tho prlsented By tie Postssar General on the
subject Of special grsots By the Government in aid Of the
e,tabishmentM lines OF mail steamships and
the policy he recommends for the development OF increased
comm rca Intercourse with adjacent and neghborins
countii>s should receive the careful confederation Of
Congress.
It's Of noteworthy interest that the seady expansion Of
population, mprUv menf and governmental institutions
over The aud u0occuped portions Of country