Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-12-03

| taoe ruey De inNlfed. and demand created
| which wlll cause the rstentlOn ai home OF A.
least 60 much OF the productions OF orr nm
ana Insxhssstibie gold hearing reIds as rnay
| De sndicient for purposes of Giro CuIs.on I; l.
unr-aeonsole 10 eaPeet return 20 sound
currency so long as the Government 5y con
un uILE % issue IrredsemRhIe noes, Nils the
Shannrls OF circulation with deprera,ed pa
per. NotviihstanoIDr COZ mage by our ruints
since l-iS OF eieht hundred and seyenty-fpur
mIIIioBs o; dsllars. the people are nc n strsng-
Ell 10 ihe currency when was dssl lgusd for
'h~ir nse snd benent. ana specimens o. the
precious metals bearing the national dsyic =
are s-ldS N seen. except wheI prod n "a 10
e. a. y the interest excited by tbeir novelty
IL o. pr. eiated paper Is 10 o. continued a. tue
pt rnanent currency OF the country. and ali our
coin ~ 10 become a mere article Of trSfte AND
speculation, 20 the enhAncement Iu price Of
ali maj is indispensable 70 ne comfort OF tne
people, ~ would be vise economy 70 abolish
our mints, thus saving me nstion me care and
tNtv nse incident 70 Eucn seiablIshmeuls, and
lei ali our precious metals t. exported lu bull
ION Ihe time bss come, however, when .he
npl' nj ano National Banks should ba
required 20 take the most efielsnr step. and
MAKE ali necessary arrangements for q re
sumption OF specie payments az the earlles-
praelcst!e peitoJ. Specie payments having
beer once resumed ~ it4 Government and
tanks. all noes or bills OF paper issued hy
either OF a les denomination than :wenfy dol
lars - onld by Law te excluded from circuIs-
uop, so mat TIE people may have -he benefit
and conNehIepce OF gold ano silver currsnry
which, 10 all their business transactions viii
oe Uniform In vslue ar heme and abroad
livery msD Of properly or indu stry. every
man who desires 10 preserve wha, ne honestly
possesses, or 10 obtain what ne can honestly
earn. bas direct interest In MAINTAINING q safe
circulating M dium-such q medium as shall
be resi- ana substantiaI, not liable 10 vior. -
with opinions, not subject 10 oe oIowI IN or
blown down by the breath OF speculation. bur
20 be nade stable and secure. A disordered
currency is one Of the creates; poIiticai evils
IL underuiDes the virtues necessary Tor the
support OF The social sytrm, and en- courages
propensiiies destructive of its happiness; in
wars against industry, frug alIty, and economy
and u fosters the evil spirits OF extrayarapce
and speculation" IL has been asserted by or
OF our profound and most gifted statesmen, that
''of all The contrivances for cheating the labor
ing classes OF man kind, none has been more
enectual than thar which deludes them win
paper money This IS the most eHectual of in
yentions to fertilize the rich mans fields by
the swt At OF the poor mans brew. Ordinary
tyranny, oppression. excessive taxation-tbeee
bear lightly on the happiness OF the mass OF
the community compared with a fraudulent
currency, and the robberies committed by de-
preciated paper. Our own history mas recorded
for our iDsu uction enough, and more than
enouth OF the demoralIzing tendency, the in
Justice, and the into,erable oppression on ths
virtuous and well disposed of a degraded
paper currency, authorized by law or IN any
way countsnanced by Government, Ii is
one OF the most successful devices, in times OF
peace or war, expansions or revulsiops, 10
accomplish the transfer Of all the precious
metals from the great mass Of the people into
the hanos OF the few, where they are boarded
IN secret places or deposited in strong boxes
under bolts and bars, while the people are left
70 endure all the incop ven fence. sacrifice and
generalization res ulting from the use OF de-
preciated and worthless paper money
he condition OF our finan ces and the opera
lions OF our revenue system set forth and
fully explained in the able and instructive re-
port OF the Secretary OF the Treasury. On the
JUN OF June, 1866, the public debt amounted
10 S2,9s3,425,s79; the Goth of June las IL was
S2,os,l9s,2l5, showing reduction during the
nscal year OF sol. .226,S6&. During the fiscal
year ending June "a, l-67, the receipts were
,0l0, and the expenditures 93ie 72e. 100
leaving an available surplus of sI4a go $50
III H. estimated that the receipts TOR tue fiscal
year ending June 81, 1865, will be Ssi7,l ,92S
ard thar rhe expenditures will reach the sum
of s3fi,26s 226, leaving in the Treasury a sur
plus OF S2l,-S2.7t2. For the fiscal year ending
June ~. ls69, n is estima ated that the receipts
VIII amount 10 S3SI I,OOO.0OO, and that the ex-
penditures will be S]72. 1000, Showing An
excess OF sa,0W-o0O in favor Of the Govern
melt.
The attention OF Congress is earnestly in
vited 10 the necessity OF thorough revision OF
oor revenue system. Our internal revenue
law and impost sy stem should be so adj ustedas
10 b. ar most heavily on articles OF luxury. leay-
ing he necessaries OF life as free from TAXATION
as may be consistent with the real wants OF the
Government, economically adm inistered Tax
anon would not then fall unduly on the man
OF moderate means; and while none would be
entirely exempt from assessment all, In pro-
portion to their pecuniary abilities, would
contribute toward the support of the State
A modification OF the internal revenue system,
by large reduction in the number of articles
now subject 10 tax, would De followed by re
suits equally advantageous to the citizens sn q
the Government Ii would render the law
less expensive and mere certain, remove OBJ
suuction TO industry, lessen the temptations
10 evade the law, dim inish the violations and
frauds perpetrated upon its provisions, make
lts operations less inQuisitorial, and greatly
reduce in numbers the army of tax -eatherers
created oy the system, who stake from The
mouth OF honest labor the bread t has earned,
RetrenchDent reform, and economy. shsuld
oe carried lnio every branch Of the public ser
vice, That the expenditures of the Government
may be reduced and the people relieved from
oppressive TAXATION; a sound currency should
he restored, snd the public faith In regard 10
the national debt sacredly observed. The ac-
compiishment OF these important results, to-
getf er with the restoration of the Union OF he
States upon the principles OF the Constitution
would inspire confidence home and abroad
IN the stability of our insti, utions and bring 70
the nation prosperity, peace, aud good
The report OF the Secretary Of War Cd iafs
rim eNhlblts the operations OF the army ana OF
the several Bureaus OF The War Department
Inc aegree ate strength OF our military force,
on the 3Uth OF September last, was J6.3i5. The
total estimate for military appropriations is
Sf7,l24,9u7, including deficiency IN last years
appropriation Of sl36UO.Uo0. The payments at
the Treasury on account of the service OF the
War Department from January 10 October
%. le67-t period OF ten nmontns-amouutedt 10
-lNH. -Uf. .Ob. The expenses Of tie military
tablisnment, well as the numbers of the
army, are now three times great as they
nave ever been in time OF peace: while the dls-
cretionary power IL vested in the Executive TO
add millions TO this expenditure by an increase
OF The army 10 the max Imum strength allowed
by the law.
The comprehensive report OF the Secretary
OF the Interior furnishes interesting in forma.
tIon in reference TO the important branches OF
the public service connected with his Depart
ment.
The menacing attitude OF some of the war
like bands OF Indians inhabiting the district of
country between the Arkans as and Platte riy-
eTs, and ,porions Of Dakota Territory. re-
Quired the pres,nce Of a large militsry force
in that region. Instieated by real or imaei.
nary grlev van ces khe Indians occasionally com
mitied acts OF barbarous violence upon emf
grants andourf ron tier settlements bpt general
Indian war has been providentially Syerted,
The Commissioners under the act Of 2Oth JLiy.
1857, were invested with full power to adjust
existisg difficulties, negotiate treaties with
the disaffected bands. and select for them res-
ervatioDs remote from the travelled routes be-.
tween the Mississippi and the Pacific. They
entered without delay upon the execution OF
their trust, but have not yet made any omcial
report OF their proceedings. 1t 10 OF vital I'M
portance that our distant Territories should
be exempt from Indian outbreaks, and that the
construction Of the Pacific Railroad. an object
OF national importance, should not be inter-
rupted BY hostile uibee. Thee objects, rs
well a. the material interests and the moral
and intellectual Improvement Of the Indians
can be most ehectually secured BY copceatra-