Indiana American., 1868-12-18
[WHOLE NO. 36i.


ported IN buliton,
The time has come when the govern,
ment and Ns,iosal Banks should be- te-
quifcd 10 take the mott efficient steps, and
make all necessary arrangements for the
resumption OF specie pay nent. Let specie
payment once be earnestly inaugutsted by
the government end banks, and the value
OF the paper circulation would dirsctly sp.
proximato a specie standard. Specie pay.
ment having been resumed by the govern.
ment aud banks, all notes or bills OF paper
issued by either Of less demon ipatiop
than twenty dollars, should, by Law, be
excluded from circulation. 10 that the
people may have the benefit aud con.
ysnience ofgold and silver currency, which
Ia all their business ifansaetions, will be
Every man Of pspefr or Industry. every
man who desires TO preserve what he hon.
estly possesses. or 90 obtain what ho can
honestly earn, has direct interest 10
maintaining n safe circulating medium,
such medium IN shall be real and sub.
stantial, not liable TO yibraie with opin.
ions, not subject to be blown up or blown
down Ly the brutes Of speculation, but IL
Is TO be made secure.
a disoiderod currency Is one Of the
greatest Of political evils; Il undermines
the virtues necessary for the support OF the
social system and encourages propeaslies
destructive Of It's happiness IL wars
against industry, irugaliiy aud economy,
aud il fosters the evil spirit Of extrayag-
anca .nl snao,ln,,oa 4, has kaa, a.sa.
ted by one Of our profound aud most gilt.
ed statesmen that Of oil The contriyanees
for cheating the lahoring classes OF man
kind, mono has been more efiectu ual than
that which deludes them with paper mon.
ey This Is the most eifectusl Of fin,en-
tions 10 iertilize the rich mans fields by
the sweat Of the poor mans brow. Or
binary tyranny, oppression and excessive
taxation bear lightly on the happiness Of
the mass Of the community, compared with
a fraudulent currency and tbs robber'i les
committed by deprecated paper. Our
own history has recorded for our insiruc-
tion enough, and more Than enough, Of
the demoralizing tendency. the injustice
aud the intolerable oppression on the vir-
tuous and we'll disposed, OF a degraded
paper currency, authorized by law or any
way countenanced by the government.
lt Is one Of the most successful devices
Ia times Of pence or war, OF expansion or
revolutions, TO accomplish the transfer Of
all the precious metals from the grea, mass
Of the people iuto the hands OF the few,
where they are hearded in secret places,
or deposited under bolts aud bars, while
the people are eft to endure all the inccn.
yeuieuees, sacrifices aud generalization
resulting from iho'u use OF deprecated and
worthless poper.
DEPARTMENT OF THE INTERIOR.
The Secretary of the Interior, Ia his
report, gives valuable information in re-
ference TO the interests confined to the
supervision Of his Department, aud re-
views the operations Of the Land Office,
Pension Office, Patent Office and the In
dim Bureau.
During the fiscal year ending June 30,
1865, 6,6J5,700 acres Of pubic land were
disposed of. The entire cash receipts Of
the General Land Office for the same
period were 81 ,632 l45, being greater by
S28i,SS2 than the amount realized from
the same sources during the previous year.
The entries under the Homestead Law
cover 2,32S, ,923 acres. nearly one fourth
of which was taken under the act Of June
2lst, 1866, which applies only TO the
States Of Alabama, Mississippi, Louisi-
ana, Arkansas aud Florida.
Ga the 30th Of June, 1868. 100, 9,643
names we've borne on the pension rolls,
and during the year ending on that day
the total amount paid for pensions, includ-
ing the expense Of disbursement was s2i,
OlO,9s2, being s5,39l OPS greater than
that expended for like purposes during
the preceding year.
During the year ending the 30th Of
September last, the expenses OF the Patent
Office exceeded the receipts by Sill, in
cluding reissues and designs. 1883 pa
tents were Issued.
Treaties with various Indian tribes have
been concluded, and will be submitted to
the Senate for its constitutional action. |
cordially sanction the stipulations which
provide for reserving lands for the vsrious
tribes, where they may be encouraged TO
abandon their nomadic habits, aud engage
in agricultural and industrial pursuits
This policy, inaugurated many years
since, has met with signal success, wher-
over il has been pursued in good faith,
and with becoming liberality, By the Uni.
ted States. The necessity for extending
il as far as practicable in our relations
with the aboriginal population, is greater
now than ut any preceding period. While
we furnish subsistence aud instruction. to
the Indiass, aud guarantee the undistur-
bed enjoyment OF their treaty rights, We
should habitually insist upon the faithful
observance Of their agreement TO remain
within their respective reservations. This
is the only mode by which collisions with
other tribes, and with the whites, eau be
avoided, and the safety Of our frontier SGT.
dement's secured.
The companies constructing the railway
from Omaha to Sacramento have been
most energetically engaged in prosecuting
the work, and il is believed tbs, the limo
will be completed before the expiration Of
the next fiscal year. The six per cent,
bonds issued TO these companies amount
ed, on the 5th inst, TO S4i ,537 900, aud
additional work had been performed to
the extent Of So 200 600,
The Secretary OF the Interior, in Au.
gust last invited my attention 10 the re-
port of government Director Of the Un-
ION Pacific Railroad Company, wao had
been specially Instructed to examine the
location, construction and equipment Of