The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1868-12-16

medium, such medium as shall be real and
substantial, not liable to vibrate with opin-
ions; not subject to be blown up or blown
down by the breath of speculation, hut to
be made stable and secure. A disordered
currency is one of the greatest political evils.
1t undermines the virtues necessary for the
support of the social system, and encourages
prepcnsities destructive of its happiness; it
wars against industry, frugality and econo-
my, and it fosters the evil spirits of cxtrava-
gance and speculation. 1t has Gecn asserted
by one of our profound and most gifted
statesmen that OF all the cnntrivances for
cheating the laboring classes of mankind,
none has been more effectual than that
which tleludes them with paper money.
This is the most effectual invention to fer
tilize the rich mans fields by the sweat of the
poor mans brow. Ordinary tyranny, OPP
preston, excessive taxation, bear lightly
on the happiness of the mass of the commu-
nifty, compared with fraudulent currency,
and the robbcries committed by deprecated
paper. Our own history has recorded for
our instruction enough aud more than
enough of the demoralizing tendency-the
injustice and intolerable oppression ON the
virtuous and well disposed, by degraded
paper currency authorized by law, or in any
way countcnanced by the government. 1t
is one of the most successful devices in times
of peace or war of expansions or reyulsions
to accomplish the transfer of all the precious
metals from the great mass of the people into
the hands of the few, where they are boarded
in secret places or deposited under the bolts
and bars, while the people are left to endure
all the Inconvenience, sacrifice and demorali-
zation resulting from the use of deprecated
and worthless paper.
The Secretary of the Interior, in his report
gives valuable information in reference to
the interests confded to the supervision of
his department, and reviews the operations
of the land office, pension Office patent of
fee and Indian bureau. During the fiscal
year ending June 30tf, 1868. $685., 200 acres
of land were disposed Of The entire cash
receipts for the general land office for the
same period were $1,632745, being greater
by 1894 1888 than the amount realized from
the same sources during the previous year.
The entries under the homestead law cover
1928 923 acres, nearly one fourth of which
was taken under the act of June 21st, 1866,
which applies only to the States of Alaba-
ma, Mississippi, Louisiana, Arkansas and
Florida.
On the Both of June, 1868, one hundred
and sixty-ninc thousand SIX hundred and
forty three names were borne on the pension
rolls; and during the year ending ON that
day slie total amount paid for pensions, in
Guiding the expenses oe disbursement was
$24 ,010.9S2 being $5,391, OBS greater than
that expended for like purposes during the
preceding year.
During the year ending the 30th of Sep
| TENDER last, the expenses of the Patent or
| flee exceeded the receipts by one hundred
and seventy one dollars. And including all
issues and designs, fourteen thousand one
hundred and fifty-three patents were issued.
Treaties with various Indian tribes have
heen C included and will he submitted to the
Senate for its constitutional action. cor.
daily sanction the stipulations which pro-
vide for rescrying lands for various tribes,
where they may he encouraged to abandon
their noma,lic habits and engage in agricul-
tural and industrial pursuits. This policy,
inausuratcd many years since, has met with
signal success whenever it has been pursued
in good faith and with becoming liheralty
by the United States. The necessity Tor ex-
tending it as far as practicable in our rela-
tons with the aboriginal population is
greater now than at any preceding period.
|
tons to the Indians. and guarantee the un-
disturbed enjoyment of their treaty rights,
we should habitually insist upon the faith
full observance of their agreement to remain
within the respective reservations. This is
the only mode by which collisions with
other tribes and with the whites can be
avoided and the safety of our frontier settle
ments secured.
The companies constructing the railway
from Omaha to Sacramento, have been most
t encrgetically engaged in prosecuting the
work, and it is believed that the line will be
completed before the expiration of the next
fiscal year. The six per cent. bonds issued
to these companies amounted on the 9th in.
slant to $44, 1877 900, and additional work
l. had been performed to the extent of s., 200,
0G0 The Secretary of the Interior in An
gust last invited my attention to the report
of Government Director of the Union Pa
ciic Railroad Company. who had been spe
cially instructed to examine the location
construction and equipment of their road
submitted. for the opinion of the Attorne.
General, certain questions in regard to tn
authority of the executive which arose upOl
this :eport, and those which had, from tim
to time heen presented by the commissions
appointed to inspect each successive section
of the work. After carefully considerin,
the law of the case he affirmed the right n
the executive to order, if necessary, tho
rough revision of the entire road. Commits
sioners were thereupon appointed to exam
inc this and other lines, and have recent
submitted q statement of their in Qestigatior
of which the report of the Ser ;etary of til
Interior furnishes specific information.
The report of the Secretary of War cor
tains information Of interest and importanc
respecting the several bureaus of the Wa
Department and the operations of the arm
The strength of our military force on til
30th of september last, was 4S, 600 men, an
it 10 computed that by the LIST of Januar
next this number will be decreased to AZ, 00
1t is the opinion of the Secretary OF War thu
within the next year a considerable dimini
ton of t, ne infantry force may be made will
out detr' ment to the interests of the countr
! And in view of the great expense attendin
the mil itary peace establishment, and tt
absolute. necessity of retrenchment, whenev
it can b e applied it is haped that Congre
will san ction the reduction which his repo
recomln ends
While. in 1860, sixteen thousand TIM
hundred men cost the nation $l6,472,O0
the sum of SOS, $50 900 is estimated as nees
sary i0- the support of the army during IL
fiscal ear ending June goth, 1870. The {
timatt of the War Department for the Ia
two ifs cal years were. for 1877, S33.814 -46
and fol- 1868, $a5. 205, $50. The actual e
pendit 'urcs during the same periods WEI
respec lively: sos. as4 4f1 1928, ,648. II
I estims to suhn,ittpd in December last for n