New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-12-06

lanu w ,hc Treasnry viii Law before you full ard de-
iIej report of the receipts and disbursements Oh tbe
last fiscal year. Of the first quarter OF rne prese.a nsg
year OF the probable receipts ana expenditures ior tnc
hor three quarters and the estimates I0r tue year io
having the 3OtE OF June, lsb6. might cohtent m!sen
with reference to that report, III When YOU WIZ nid
III An. Inflammation required for your deliberations ana
decision But tine paramount Importance o inc 5ulJset
so presses itself my own mind that cannot D 10,
before you views OF the measures "n. i ~
1nircd for tine good character, and mSnt almost snY
ior The existence Of this people The lie OF kepuDhc
lies certainly in the energy. virtue ana lDtegeh'o o.
ia oitixens: bet II Is equally true that eood revenue
sys,eu IA the life Of an organized Government; meet
Won III q time when the nation h0s 'oIuh'iy vuiueu
itsolf with debt unprecedented III our ahnis. us'
40 10 I; omonnt il fades away into nothing wheh COM
nared with the countless blessings mat wiz DE con-
trred uron our country and upon man Dy the pese'a
tion OF the nations life. Now, on the hst oecahlon -
tho meeting OF Congress since tue return OF peace,
| II il of The utmost importance 10 luuuSWap
mat policv which shall at once DC Pu. III 'uotioD,
and which shall commend itself 10 tbO'" DO conc aler
ms for its continuance we must an az n,is ,rof
than the complete eiiaeemen oi the hnanch evis 'n'
necessarily followed state Of civil war we must en-
dcayor 10 apply the earliest remedy to the deranscu
state OF The currency, and not SHRINK IRON uo''Hi"s,
,ocv which without being oppressive To the people,
sbsll Immediately begin to effect reduction oi lho
debt and If persisted in. discharge 1t fIliy "i'hih
definitely fixed number Of years.
IT is orr first duty To prepare III earnest ioI our re-
coycrv from The eyeg.ncreasiBg evils oi AL rfedeelme
CURRENCY without n sudden rcyuson aud YET wilholt
nntimely procrastinat0n For mat end We must sn,
| in our respective positions. prepare the way. h"ld
II the duty Of the Eyeontiyo TO insist upon rneahty
the expenditures; and a spaTing economy - ltseh
great national resource othc banks TO when hntbor
y has been given 10 issue notes secured oy oonhs OF
the United States nny require the greatest NODE
alton and prudence, and the law mnsi be rlsldy q,
forced when It's limits are exceeded we nhF' '"cn
one III M counsel our active and cnierprising conn
trymen to be constantly on their guard. to hguoAte
debts contracted In paper currency ahI py SonuuoaR
business NJ nearly possible on system o. cnh pr!
meuts or short credits ~ hold themselves prepared 10
return To the standard OF goa and SILVER 10 ma our
fellow canus in the prudent management ~ tnsit
monetary alnirs the duty dcyoycS on ~ To diminish
bv Law the amount Of pepper money now IN clrcuianh
Five wears ago The banknUic circulation ot the country
amounted To not much more than two hundred millions
now the circulation. bank ana national exceed! seven
hundred millions. The simp,e statement Of the met
recommends more strongly than any words ot mlne
could do the necessity OF our restraining TINS cAphh
lion The gradual reduction o. the currency ~ the
only measure that save the business os the country
from disastrous caamcs; aud this can be- almost u''
perccutbly accom- lshcd hy gradually iuHling me ma
tionnl circulation IN securities that may be inudc ~.
, decmahlo II the pleasure Of the Government.
oar debt i. douby scoure-hrst In The actual Wea'h
and still Creaer uneycOped resources oi TIE country
and In the character OF our Institutions me mos
Intelligent observers among political economist have
not failed to remark that the public debt OF county ].
safe bon proportion ~ its people ne feci thit i' Htp1
oil republic is the safest Of all oar history cohLIh-
and establishes thc theory, and H. hrmy believe dS
tined 20 give it q sill moe signal iiuaifitioh' hc
secret Of thi, sup roiIty springs not merely rom we
fact that in republic the national obligations are on,
ihuied more widely through countless numbers IN al
of u has TIE chAIhcifT 90
lava Hero al men contribute Ia TIE pubic welfare
fui bcar their shar. o. tie public burdens pnnns
the war under the Impulses Oi nairottn, the men 81
The great body 81 The people, without regard 10 th,if
own comparitiye want 0l wealth. throngrd 10 our
armie. and fed our fleets Of var and hcd ihsuseN
ready o. offer their lives Tor tAe pnlnc good Now DO
/ Z. cir turn the property and Income ot re country
shonI bear their just proportion ~ Tue burden oi Tex
,ion while In our iupo-t system through means ."
which increased vitality - no d"nia' Impaired 10 ~
the Industrial Interests Of abe nation tho dpt e. shor
e 20 aIinsisr a. % lsl mo-t heavily IN articles OF
luxury leaving Tie ncctsnfci ui e az if'" iIpm taN
ton tie absolute wants Of the "oyetnmcn'. ce'non
e cnllv administered. viii justify. No favored chri
should demand freedom from assessment, ana in9 taxes
should be ~ distrhu,esns rot % iall undny on tut
. poor hat rather on To accumulated Wcath OF me
country We shOuli olk M the national det Jst ~
n .-unt as national be- ling bat ms lcltl burden
on the indnsrT Of tho count =, TO be discharged Wild
. out unnecessary delay.
the expenditure. 'or the bsoal year ending the Oih 81
june rc. viii exceed the receipts slls lsiH5 " /,
grai ms however. t. state that ~ - also estimated
thn The revenue or The year ending tie JOth Of june
. lls,5. viii exceed the expenditures IN toe sum 81
sll1,G-2,-ls. This amount. much o. may l.,
drem,d snicieni for The purposc may be applied 10 The
reduction Of the public debt, which. Oh The 3st day ri
October i,C5 was 2,l0 ~ 40 Lycry reduction wal
diminish the total amount 90 interest 10 be- raii aud "a
enlarge tho Of .i Huher reductions, until the
whole shall he lquiiIed; and TIL viii De- iTor
the estimate oi the Secretary OF The Treasury. may be
accomplished by annual paymcuts even within period
not exceeding thirty years. have NTH that shall
do al this within reasonable time; that. We have
amazed the Worll Dy The suppression OF NNll war
which was thought 10 be- beyond the control o. any
Government shall equally show the superiority Of
insiutous by the prompt and faithful discharge Of
l our national obligations.
r Tho Department Of Agriculture. Under lie present
direction. Is accomplishing much IN developing and
utilizing the vast agricultural capabilities of tue conn
Try and for Information respecting the details OF rs
mnnngemsnt reference j. made 10 the annual report OF
= the Commissioner.
have dwelt tins fully on our domestic affairs be-
cause ~ their trnnsccndcnt importance. Under any
circumstances our great extent Of territory and yi-
ETY. OF climate producing almost everything that IL
necessary FOR the wants and even the comforts OF
make sngniary independent ~ the varying policy
of foreign powers and protect against every tempta
ton 10 cniancing alinnccs." while nj the present
Lent tho rc.,tab. hnent of harmony and The strength
that comes from harmony, will be orr best security
against nations who feel power ard forget right"
For my so II has been aud II vii! be my constant aim
10 promote peace aud amity with oil foreign nations
and powers; and have every reason Ia believe that
they all without exception, are animated hy the same
disposition. our relations with the Emperor Of
China. recent IN their origin most friendly
Our commerce with his domnlons Is receiving REV 10
yeopnents: and i II very pleasing 10 find that the
Government IL that great Empire mGBifcsts satislc
ton with onr policy, aud reposes just confidence in
the fairness which mark intercourse. The un.
broken harmony between the United States and the
Emperor of Russia II receiving support from All
enterprise designed IL carry Geographic lines
the continent az ,s. through biz dominons. and
connect ~ with all Europe hy channel OF inter
course. Our commerce with South America is about to
receive announcement by direct line OF mail steam.
ships TO the rising Empire % Brazil The distinguished
party Of men OF science who have recently left
nv 10 make scientific exploration of the natural his.
tory and rivers aud mountain ranges o that region
have received from the Emperor that generous welcome
which 10 have been expected from his constant
friendship for tho United States aud his wellkuown
zeal in promoting the advancement OF knowledge A
hope IA entertained that commerce with the rich
aud popnlous COMMITTEES thar border the Mediterranean
sea may be largely Increased Nothing viii be- want.
ing on the part OF this Government ~ extend the pro-
lection Of our nag the enterprise Of fellow ciii
zens. We receive from The Powers in that region