Holmes County farmer. [volume] (Millersburg, Ohio) 1857-1926, 1865-12-14
REPORTS.
REPORT OF THE SECRETARY OF TIE TREA.
sURY.
WASHINGTON, Dec. 8.

policy will be 10 make money scarce and to
diminish the prosperity Of the country.
The Secretary earnestly urges reduction
of the currency. lie reviews the cause OF
/ the present imitation of the currency and
states that the country is far in advance in
real wealth of what it was in 1857, when the
last severe financial crisis occurred. The
people arc comparatively free from debt,
and the banks arc regarded as generally
solvent.
The papcr circulation of the United States
on the 81 st of October last was $734,2lS,
03S,2
On the 3Oth of last September the de-
posits of the National Banks were SjI4,
100, 1874. Their loans, including investments
in United States securities, amounted to
$Sl3 3,04j, 600.
The Secretary recommends that Congress
declare that compound interest notes shall
cease to be II legal tender from the day of
their maturity, and that the Secretary be
authorized, at his discretion, to sell United
States bonds bearing interest at a rate not
exceeding per cent, and redeemable and
payable at such period as may be conduc-
tive to the interest of the Government for
the purpose Of retiring compound interest
notes, and United States notes.
The statement Of the public debt on the
3lst of October, 1868, was $40, S54, 7jO. -
Receipts for the year ending june 30th,
1865, estimated, will be 1896 000, 600; csti-
mated expenditures, S2S3,4l7,lSl.SS lie
recommends a revision of the Revenue sys-
tenn, to accomodate the changed condition
Of the country, and regards the reciprocity
treaty with Canada, which expires on the
18th of March next, as embarrassing to the
arrangement of revenue.
The attention Of Congress was called to
the subject of our mineral lands
The working of the marine hospital sys-
tenn is not regarded as satisfactory. Perm
anent authority should be given to the De-
partment to sell such hospitals rs are not
needed
On the 3lst of October last l,GOl banks
had been organized under the National
Banking system. The Comptroller recon-
mends several amendments One is that
banks be compelled to redeem their notes at
one of the three cities PHILADELPHIA, New
York or Boston 1t is heartily endorsed by
the Secretary. He regards the establish
ment of the National Banking system as
one Of the greatest achievements Of the age
aud not probable that the increase in circu-
lation by law be required
REPORT OF TIE SECRETARY OF WAR.
The Secretary of War reports that our
military force amounted on the 1T of Nav
to ,OOU,5l men. 1t is reduce to 10000
men, and 100000 have been discharged and
paid off in six months.
The military appropriations of the last
Congress amounted to S5l6, 100000. He
asks Of this Congress less than thlty.four
millions.
MIR. Stanton remarks that the war has
m iIln 1 = "a N pf ynf ,nI b,,
OF the railroad and the telegraph now dc
termines the time required to raise an army
III the United States. The rebel armies,
which surrendered at the close of the rebel
lion, numbered Ia, 223 men, of whom Lee
had left only -, ,S05 in his final surrender,
and Dick Taylor had $1,000, the largest
rebel force surrendered by any one General
REPORT OF THE SECRETARY OF TIE NAVY.
She Secretary of the Navy states in his
report that the steamers bought from the
merchant service for war purposes have been
| to great extent returned to their former
pursuits. lie reviews the scr, ices Of the
| different squadronS, and saws that immcdi.
dately after the fall OF Fort Fisher and
Wilmington, measures were taken for the
reduction of the navy, which have contnu.
ed until at the present time there are actu.
ally in commission at home and abroad but
one hundred and seventeen vessels, of all
descriptions and this number will probably
! be further reduced as soon AS domestic trOu-
| bles were over The Foreign squadronS
were re.establi>hcd, which are considered
sufficient for the encouragement of our com
mcrce.
Thilty-two officers proved traitors when
the war began. Their places have been
filled trea the merchant service, aud it is
recommended that appointments from their
number be added to the Navy.
Since the 4th of March 1861, AS vessels
had been purchased, at 4 cost Of 5 Is, 800,
l6Sl. OF these, thrce-fourths have been
sold for 50, G2l 800
The Secretary suggests thorough survey
o! the islands on the Pacific coast
The history of the Sea King, alias Shen-
andoah, is given, ltrehects no credit up
on the neutrality ofEneland.
The enlargement of the Boston and New
York Navy Yards is urged, and the com
plction ofthc yard at Mare Island, on the
Pacific; also the re- building of yards at Nor
iolk and Pensacola. League Island is re
commended as site for building yard for
the ironcadS As to the healthiness of
iron -clads, statistics show that they are
equal, it not superior to ordinary vessels
The Secretary recommends the appointment
of one half n.idshipmen from enlisted ap-
prentices, and the remainder from Congress
-iona districts The number of vessels cap
iured and sent Court ioradj djudcation from
May LIST, 1861, to the close Of the rebellion
was l5l, while the number captured and
destroyed was | ,5O4. The gross price of
the property captured since the blockade,
prior to November last, is $2l ,S09, ,543; cx-
penses, 81, GIG, 223. The estimate for the
year ending June 30th, 1864, is SOB, 9S2,-
457. The expenses ofthe Navy Department
since the commencement of the war have
been but 0 $40 per cent Of the expenditures
Of the government during the same time.
GEN. GRANTS REPORT.
In submitting his report Lieut. Gen,
Grant says he was impressed from an early
period of the rebellion, with the idea that
active and continuous operations Of all the
troops that could be brought into the field,
regardless OF season and weather, were nee
essary to the success ofour armies East and
West, acting without concert like balkly
team, no two ever pulling together, enabling
the enemy to use to great advantage his in
terror line of communication and it was
questioned whether our numeral strength
and resources were not more than balanced
by his advantages and superior POSITION
Convinced that no peace could be obtained
until the military power OF the rebellion had
been entirely broken, | determined first to