, 1866-12-04
TIsE: TREASURY REPORT

1!st fep"rt Of the Secretary OF the
treasury, Which We insert complete, will be
scanEed pretty attentively by business men
ard the public generally. It Will be seen
lhat ~. McCulloch i'll adhcrcs to the
t.a"o'l-."" e1''""iat"h hr him in his Fort
na.nc Speech" and the report submitted
by Lin at the last session of Congress.
Alter enu:ncsatin:, tic many evils aud finan-
rial Generalization which must of necessity
grow out Of redundant md inconycrtible
currency, he suggests Eve remedies, which,
IN Ills opinion, will cause tho resumption Of
E!ctir payments as early ns July, 1865. The
reno dies proposed are:
!. Central redemption of the National
Bank currency.
= furtcilmcnt of the currency to the
legitimate demands OF trade.
3 Revision Of the tariff for the purpose Of
lar1nonizing it with the internal taxes on
all branches Of homc Industry.
i. The issue Of bonds, not having orcr
twenty years TO run, bearing interest 1T not
over tive per cent, and payable in England
Or Ge!H any.
S. The rehabilitation OF the Southern
States.
"TAe<c measures lcol to an increase Of
lah"r. and consequently Of production-to
tulG,ncrt Of the obligations OF the Govern
meat aud the Banks-to reduction Of the
public debt at the same time that taxes are
bc:rs equa!ized and lcssened = 10 lower
prices, and apparently harder, but really
tnrr;,. ,,symcn.s u;tho,t 4ha En.,,a;a1 49,,
lies which nsnal,v r,acodo ,osn.r,.,a.
after ,on- ncrI,,d nr srsnore,on sa5 A inn.
tjun., Accompnur;nr +hn -.ao-t 10 ~
,a,pd acconnt or ,,,o n~no.eas ana .a..,ss.
rs,,to f:oror,,,,,o,, c,~ t,.. 49, 80
J1.,. =, 1ux: >"A' ~A"'":'
IT.; c,-. -..,,o.:., .,,
!. .lu,.p,,s !. i,.,n,.-,, p:,I ;, >N - ""As
~, t,..,.;, - ,.' useo Nv
c..,.,..,,. rs "Au AA.u o'ss
-,,,,,,t .l,s w. s..S'...l1,; Au", nauAs
,,. ,n;. -, 60 ~ "
.,,, ,.,,5,..,,,,;or o,.nu e-....s1n. 4'u'as
,.,,s l.. =, 1r,,;..,' ~. a..1H1 o."Ns wno
MIN u,. ,1,nn,;,..., A.. ssas 'H..,
totI, t,,,t ti,,r f.,oro..s ae,.'a W.. 4a' ~
,,,,,,-. ar H.. .a,.,,.,.:.- -. -. 'se
s,,,,. :, mn III a,Sx'. te4 .aeo
7a..a.c - ps'eot 1l'
\. ~. nil, ao, 49,.
,oun,rv IN , n..,,h, caasss, ~ .ie
rrrr,ncr n,,st ,.a .... eonu1.Aou' ~, lag
c,;,ion, I.;,.. .''sN.,S a's - aei.-
o,..-r- 49,. ,.. -. A""a.ea' ana
,;r;,,,. a1.a.t sr"s. ~. r'M. .As p1ese"t eosl OIL
- ~. .u.. eIa1i9 I .lat u t"o
.,:s". S1 "as ~ DIV 'ns great
IT, ooa..aa.a, tA' eAn tne CURRENCY
rro,,,. - a neet 'uc aetual
;rd.,s,r;o1 ;sto..s. -. our
-,,,In,;,,;,oa .;soa w. - ~, n,"ost
n..,,,,1,,;a,, 49, 80. W 4et, out
r;,Id .,c ~ G'1st - o.1 luc
.A'oe, u'uc''eS sna iu'n'
T1,,,et ",s~ u1s p'i.t.oAaesif cApanoeo.
49, ,a,,., T.. mIss". s.u'.''on ny tnat OF tne
s.,...'., =. 1.s u'Aeieu.' w approximate
~ 'nn,,sa;a, ~sa,u .,a. " l!aes pur'a; season
~ - -, .rt. uSr ~. classes
49,, S'.a,;.,a 49,, t',ss W. LOU n'sn ana
,.'..,':.,. ous."es: eo"'n'enees
st.;,,.a .au t'A.sas''oos arc re-
~ t"e neua. "aots o1
-. .oasumG'' 'ucn pfooof1aohatcly large
uae"1 a1 " ,ne currency eau DC safely with
,.., ""N' 'uo .pe contraction pohcs Gao be
.e" "nnou. oe'ne detrimental to the
.ee " LUG nat'on' Under these cir
~, ,,aas aus Aeopie ioos 'or noth1ng else,
l.-es 'us.u1ee ~ pos't1on To meet It.
oro. p"s ,aa y, .ue A'ae.van people arc how
lr,,,c v,.nn.s NV, uo,',t ~ AoS oppression IN
~ s,,.',1a,;.,,s x.., usu asa'' , become buoy
1hr >s,,,;,r,r ,,;~, rna ~ s,,,: s'cs5 "ne on
,on,rac,;on noliey !, nn,s,,e., ~ 49, aea .ne
.x,,u, az ;r dv1, ,'noe ~a,,11 ,..a.'s,c as sas.e
,,u,c o., ,b,rn ,cact;nrN N,o,.,.,r,,.. .ay st..,.,.
.,.t ,r1,1', ..s A' o'"''ar A. ~ "
etr,,t o,1r in ,rnh la. ~,eo,....1A
r,a,',':.,..'.,. ~ ~ 1A6" l'ofott'oh.
supsl,tu.'u'' ,S's o. nse ieF cent bonds loF
"'.a.s - 'ssu'o "ou.o oe acecPiablc 10
1he masses. The English NAtforal debt, which
ispcfi'etual, only lmys an Interest of three
per cent, and there Is no reason vhv thc