The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1867-07-23

the people hha tuo Iflhclplce " a Aa
tional constitution preserved.
The President on Monday, Of last
week, transmitted to the Senate a COM
munication covering copies Of orders,
opinions Of correspondence, &c, with
the district military commanders in car.
rying out the reconstruction acts, which
had been called for by a resolution Of
that body. In this document he says
II is exceedingly difficult at the pres
emit time to estimate the probable ex-
pense Of carrying into full effect the two
acts of March last and the bill which
passed the two Houses of Congress on
the 18th inst /: the existing Govern
ments Of ten States of the Union are to
be disposed Of and their entire machin-
cry is to be placed under the exclusive
control and authority Of the respective
District Commanders, the expendit
ures incident TO the administration OF
such Governments must necessarily be
incurred by the Federal Government.
1t il believed that in addition to the
81, 100, 900 already expended, an esti-
mate for the sum which viii be roquir-
cd for this purpose will not be less than
$l4, 000, 000-the aggregate amount OK
pended, prior TO the rebellion in the adj
ministrntion of their respective govern
ments by the ten States embraced IN
the provision Of those acts. The sum
expended would no doubt be consider
ably augmented if the machinery Of
these States is TO be operated by the
Federal Government, and would be
largely increased If the United States
by abolshing the existing State Coy
ernmcnts should become responsible foi
the liabilities incurred by them before
the rebellion in laudable efforts to deyel-
op their resources, and in noNise crea-
ted for iusurrectionary purposes.
The debts Of those States thus legiii-
mately incurred when accurately ascer-
tanned, will, it is believed, approximate
10 q hundred million OF dollars, and
they are held not only by our WI citi-
gems, among whom are residents of por-
tions ofthe country which have ever re-
NAMED loyal TO the Union, but by per
sons who are subjects Of foreign govern
ments. 1t is worthy Of the considera-
ton Of Congress and of the country
whether il tue Federal Government by
70 action were to assume such obliga-
tons, so large an addition would not Sc
riously impair the credit Of the nation.
or, on the other hand, whether the re-
fusal Of Congress to guarantee the pay
ments OF the debts Of those States, after
having abolished or displaced their
State governments, would not be view
cd as a violation Of good faith, and re-
pudiation by the National Legislature
Of tho liabilities which these States had
Justly and legally incurred.
Regarding the reception Of this prec-
ious document in the Senate the Tn.
bune's special has the following: The
Presidents message on the subject Of
Rebel debts gave rise to a very free ex-
preston Of opinion from both sides Of
/ Senate, and Democrats and Republicans
%concurred in pronouncing il an untime-
IL and uncalled- for document. No one
attempted to defeudit. Reverdy John
son regretted that it had been sent in.
He thought it indiscreet in the Presi-
don't to make such an attempt TO create
alarm and apprehension in the public
mind at the present time, on sneh 8
subject He pronouced the opinion
expressed unfounde1, and the reason.
ing fallacious. Mr.. Hendricks followed
IN a strain equally nncomplimentary t.
the President, andeyen Buckalew could
sec no Just grounds for the financial
fears Of his Ex~cellency The Demo
Gratis were evidently chagrined, and
did their best to cut the debate short
and get the Message ont Of sight
There were a dozen speeches made on
the subject, but all on one side. II bad
40 friends.