White Cloud Kansas chief. [volume] (White Cloud, Kan.) 1857-1872, 1865-12-14

-, T., -, "a. On my own mind ,tso
eaniio. bnt lay before you nv vie-, mat
hIeas1es "hch are required for the r,os ~ the
ac' anu m'sn. almost say, for The s,;, .nar-
OF ,ms peopl'. The life of Republice eiEistence Esc
'a'nl! IN tne energy. virtae. and in,.lI;see Ger
revenue system is the life f an os NN good
ernmenf. meet you at a time ~ Gov.
tion has voluntarily hardened irssIr .'e IA
unprecedented IN our annals. Va, 'aa debt
an ourt, it fades away into potbf,-, as is its
pared with the countless blessinys ~ snen CON-
conferred upon our country and u,.. 80 VIII be
the preservation Of the nations l;f. man oy
the first occasion of the meetipo q, s.'oH'on
since the return of peace, it ia of ~ ngress
importance to inaugura.e Just rnl;.r 4,noss
shall at once be put in motion. and -; Hmcb
commend Itself to those who come asa.aa S,aa
its continuance. We must aim n, ro,I:io as io'
thaa the complete effacement of the e. iess
evils that necessarily followed st,,s ~
war. We must endeavor to apply The - rVb
remedy to the deranged state of the cr,.. ess
and not shrink from devising a policy ny
without being oppressive to the Ne. Mo sT|,,
Immediately begin to effect rejue,iopp p'e' snai
debt, and, if persisted in, discb,rr roo :, " we
wits.in a definitely fxed number os - iali!
II is our first duty to prepare in es,ns,.
our recovery from the ever-rncressin, sr;,, 20.
an irredeenable currency, sithout s,,i'H Is
vulsion. aud yet without untimelv nroc.'..; re
ton. For that end, we must, each ;''h'- ;n a
srective positions, prepare the vay. ItoT,
ths duty Of the Executive to insis. r,a. nO'a
gality in the expenditures; and sn.r;. Iu-
omy is itself great national resource otox
banks to which authority has been given - 'ae
sue notes secured by bonds of the un;.hT
States, we may require the greatest modsr,,;e.
and prudence, and the law must he r;g;p.
forced when its limits are exceeded WE W
each one OF US, counsel our active and sn.a,
prising countrymen to be constantly on ~.
guard. to liquidate debts contracted in a n. .nelt
currency, and by conducting business az rsa',r
as possible on system OF cash pavran,,
snort credits, to hold themselves prepared =.
return to the standard of gold and sIrs, T0
aid our ieiiow-citizens in the prudent map,cs
men' OF their monetary affairs, the duty d.
VoiVes on ns to diminish by law the amourt a,
paper money now in circulation. Five wear, aSa
the oanS note circulation of the country amount.
ed to not much more than two hundred rsir
ions; now the circulation, bank and ra,;on,i r.,'
exceeds seven hundred millions. The s;m",
statement Of the fact recommends ~
strongly than any word. OF mine could do ,re
necessity of our restraining this exn,D,;on
The gradual reduction If the currency !, ~.
only measure that can save the business Of ,be
country from disastrous calamities: and n,
can be almost imperceptibly accomnlis,sa h,
gradually funding the national circula,iop !,
securities that may be made redeemable AZ ,ba
pleasure of the Government. '
Our debt is doubly secure-6rst in the ,c,n,r
wealth ard still greater undereloped resou-ces
oil the country; and next in the character of
our institutions. The most intelligent observ,
ers among political economists have not f,;Ic5
to remark, that the public debt of n coup,rv !,
safe in proportion rs its people are free. ib,.
the debt ofa Republic is the safes, Of ali On,
history confirms and establishes the theory .rJ
is, firmly believe, destined to give IL s,;II
more signal illustration. The secret Of hi,
superiority springs not merely from the fact that
in Republic the national obligations are dis.
tributed more widely through countless numbers
in all classes of society; il has its root in The
of our laws. Here all men con,ribu,c
to the public welfare, and bear their fair share
Of the public burdens. During the war, uu1or
the impulses of patriotism, the men Of the
great body Of the people, without regard to
their own comparative want of wealth. thruns.
ed to our armies and filled our fleets Of var,
and held themselves ready to offer their lives
property and income of the country shouldbesr
Lheir just proportion of the burden of taxation.
while in our imp0st system, through means Of
which increased vitality is incidentally irpar,.
ed to all the industrial interests o. the nation,
the duties should be so adjusted as to fall most
heavily on articles of luxury. leaving the nee.
essaries Of life as free from taxa ton as the alb
solute wants Of the Government, economically
administered, will Justify. No favored class
should demand freedom from assessment, and
the taxes sbonld lie so distributed as not to fall
unduly on the poor, but rather on the accumu
lated wealth of the country. We should look
1t the National debt just as it is-not as a Ma.
iional blessing, bus as heavy burden on the
Industry OF the country, TO be discharged with
but unnecessary delay.
1t is estimated by the Secretary Of the Trea.
'ury, that the expenditures TOR the fiscal wear
ending the Both of June, 1866, will exceed the
'ece pts Sll2 ,9F. |. is gratifying how
ever, to state that it is al-o estimated that the
revenue tor the year ending the 30th Of June,
lebs, viii exceed the expenditures in the sun
'f f,6s2.elS This amount, or SO much as
may be deemed sufficient for the purpose, NAV
'e applied TO the reduction of the public debt.
which, ON the 3lst day of October, l-65. was
g2,I40, ,e54,750. Every reduction will Gimin-
Sh the total amount OF int, rest to be paij, and
70 enlarge the means Of still further reductions,
lntii the whole sum shall be liquidatcd; ard
his, as will be seen from the estimates Of the
secretary OF the Treasury, may be accomplish
ID by annual payments even within perind
lot exceeding thirty years. | have faith that
We shall do all this. within 4 reasonable time;
hat, as We have amazed the world by the sup
ression of civil war which was thought tOse
,eyond the control OF any Government. 50 We
hall equally show the superiority of our in.ti-
utions by the prompt and faithful discharged
ur national obligations.
The Department of Agriculture, under iis
resent direction, is accomplishing much IN
developing and utilizing the vast agricultural
capabilities of the country; and for information
expecting the details of-its management, rel
'rence IS made to the annual report OF the
! have dwelt thus fully on our domestic al
airs because of their transcendent importance.
Jnder any circumstances, our great extent Oh
erritory and variety of climate, producing al
lost everything that is necessary for the wants.
nd even the comforts of man, make US singe'
lrly independent of the varying policy oil fo'-
ign Powers, and protect US against every
.mptation to entangIing alliances" whileas
he present moment the re establishment Oh
armony, and the strength that comes rO~
armony, will be our best security against ma
ons Who feel power and forget right" 70,
lyself, it has been and will be my constant
i'm 10 prom te peace and amity with all ioI.
ign nations and Powers; and | have ever!
,ason 10 believe that they all, without e1eeP
on, are animated by the same disposition.
Our relations with the Emperor OF China. ~
cent in their origin, are most friendly. w,
r.fA L "a
svelopments; and it is very pleasing 70 pna
lat the Government of that great EmPIe
anifests satisfaction with our policy, ana
'ses just confidence in the fairness Hni'A
asks our intercourse.
The unbroken harmony between the Uni.e"