Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-12-08


Bay andPuget's Sound Agricultural Com
panies IN Oregon, and are now proceeding
to. the execution of the trust assigned to
them.
| In view of the insecurity oflife In the re-
gion adjacent to the Canadian border, by
recent assaults and depredations, commit
| ted by inimical and desperate, persons who
are harbored there, 1t has been thought
proper to give notice that, after the expira-
tion of six months, the previous condition
ally stipulated time in the existing rela-
| tions with Great Britain, the United States
must hold themselves at liberty to increase
their naval armament upon the lakes, II
they should find that proceeding necessary.
The condition of the border will necessari-
ly come into consideration in connection
with the question of continuing or modify
ing the rights of travel from Canada
through the United States, as well asithe
regulation of imports which were Temporal
rily established by the reciprocity treaty of
| the fifth of June. 1854. desire. however
to be understood, while making this state
ment, that the colonial authorities are not
deemed to be Intentionally unjust or UNI
friendly towards the United States, but on
the contrary there is every reason to expect
that with the approval of the imperial Gov
ernment they will take the necessary meas
ures to prevent new incursions across the
| border. -.,-... ,.......-.. .,..
The act passed at the last session for the
encouragement of emigration has, as far as
was possible, been put into operation. L.
seems to need an amendment which will
enable the officers of the Government to pre-
vent the practice of frauds against the i'm
migrants while on their way, and on their
arrival in our ports, so as to secure them
here free choice of ayocations and places
of settlement. A liberal disposition to-
wards this great national policy is manifest
ed by most of the European States, and
ought to be reciprocated onour part by Civ
ing the immigrants effective national pro-
lection. regard our emigrants as one of
the principal replenishing streams which
are appointed by Providence to repair the
ravages of internal war, and its wastes OF
national strength and health. All that is
necessary is to secure the flow of that
stream in its present fullness, and to that
end the. Government must in every way
make it manifest that it neither needs nor
designs to impose involuntary service upon
those who come from other lands to cast
their lot in our country.
The financial affairs of the Government
have been successfully administered. Du-
ring the last year the reQuisition of the last
session of Congress has materially affected
the revenue, although sufficient. time has
not yet elapsed to experience the full 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 and the balance in the Treasury on the
1st day of July, 1863, were $l,394, 79G,007 G2
and the aggregate disbursements upon the
same basis were Sl.20S,05G, 10l 80, leaving a
balance in the Treasury, rs shown by war
rants, S06, 739905 73. Deduct from these
amounts the amount of the principal of the
public debt redeemed, and the amount OF
issues in substitution therefor, and the ac-
tual cash operations Of the Treasury were,
receipts, SSS4076,646 II, and disbursements
$S65, 0S7 SO, which leaves a cash balance
in the Treasury of $lS342,56S 81. OF the
receipts. there were derived from customs,
$l023lG,152 30; from lands, $5SS, 1888 20;
from direct taxes, $475 64S. $50; from inter-
national revenue, Sl09.7ll,lS4 10; from mis-
ccllaneous sources, $f7,5ll,4i3 10; from
loans applied to accumulated expenditure,
including former balance, S623,443,929 73.
There were disbursed for civil service,
S27505, 590.4G; for Pensions and Indians,
S7.5l7, ,93097; for the War Department $780,
70l,S4297; for the Navy Department SS5,-
733, 29279; for the interest on the public debt
Sj3,GS5,42l 60 making an aggregate of
1866, ,23I0S7.SG and leaving a balance in the
Treasury of $lS,S4255S.7l, as before stated.
For the actual receipts and disbursements
Tor the first quarter. and the estimated re-
ceipts and disbursements for the three re-
naming quarters of the fiscal year and the
general business of the Treasury in detail
| refcryOu to the report of the Secretary of
the Treasury. | concur with him in the
opinion that the proportion of the moneys
required to meet the expenses concurrent
upon the war, derived from taxation, should
be still further increased, and earnestly in
vitc your attention to this subject, to the end
that there may be such additional legislation
as shall be required to meet the just expecta-
tiODs of the Secretary. The public debt on
the first day OF July last as appears by the
b oks of the Treasury, amounted to one
billion, seven hundred and forty thousand
millions six hundred and ninety thousand
four hundred and eighty-nine dollars and
forty-nine cents. Probably, should the
war continue for another year, that amount
may be increased by not far from five hun
dred millions. Held as it is, for the most
| part, by our own people, it has been sub
stantial branch of national, though private
property. For obvious reasons, the more
equally this property can be distributed
among all the people, the better. To favor
such general distribution, greater induce
ments TO become owners might, perhaps,
with good effect and without Injury, bepre-
sented to persons Oflimited means. With this
view, suggest whether itmig Int not be botl
eXpedient and competent for Congress TO
provide that a limited amount OF some future
issue of public securities might be held by
any bona .fde purchaser exempt from taxa
ton and from seizure for debt, under such
restrictions and limitations as might be nee
essary to guard against abuse of so impor-
tant q privilege. This would enable pru-
dent persons to set aside small annuity
against possible day of want. Privileges
like these would render the possession of
such securities to the amount limited, most
desirable to every person of small means,
who might be able to save enough for the
purpose. The great advantage of citizens
being creditors as well as debtors, with re-
lation to the public debt, is obvious; men
readily perceive that they cannot be much
oppressed by a debt which they owe to
themselves.
The public debt on the first 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 in the preceding De-
cember, as to its probable amount at the
beginning of thisyear by the sum OF SO, $685.
079.33. The first exhibits satisfactory
condition and conduct of the operations of
the Treasury. The national banking sys-
tenn is proving to be acceptable to capital
lists and to the people. On the 25th of No
vember 5S4 National Banks had been or