The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-12-10
THE CURRENCY.

In regard to the currency the fresiuent IL
iterates substantially the views expressed IL
his last message. The question OF the rca
value of the paper currency as opposed t
metallic currency is carefully examined, ant
the necessity is shown OF making the green
back convertible into specie. Legislation on
this subject is urgently required. None Du
the bondholders receive payment IN com; Inc
soldier, the sailor, the farmer, the public ser
want the artisan, the mechanic and laborer
receive nothing but deprecated paper. Line
only lust plan is to restore the currency to the
specie standard. The President shows the
production and export OF gold, and the amount
now current in bank, and that there are s3OO,
100000 in gold not accounted ior, ano
probably this is all in the country. Inls
shows that we can get back to specie pay
ments: but not while the government anu
the banks continue to issue irredeemabie notes.
II we are not to have specie currency, let the
mints be abolished and all our specie oX2or ted.
When tho government and the banks res'lm
specie payments all notes OF either, OF less than
$40 should be Withdrawn from circulation, SO
as to give the people q uniform currency-at
al tines uniform, stable and secure.
DEPARTMENT OF THE INTERIOR.
| During the year ending June 3O 1865,
G Cos 600 acres of puolic land were dis ?osed Of,
the cash receipts being 81 ,632 745. On the 9Oth
June the pension rolls bore 1G9, G4S names, the
amount paid for pensions during the year be-
ing s24 010.9S2 The patent Office report shows
that Il. 1853 patents were issued during the
year.
THE INDIAN WAR.
The President is cordially in favor OF the
proposed Indian treaties, rcscrying lands to be
occupied by the various tribes. This policy
met with signal success years ago, and is more
necessary than ever before. But, in return for
what the Indians receive, they should be made
to remain within their reservations. Ihis IS
the only way in which war can be avoi dcd.
THE PACIFIC RAILROADS.
The railroad from Omaha to Sacramento is
expected to be completed before the expir alton
OF the next fiscal year. The amount OF bonds
issued to the companies is s41, ,937, 600.
THE ARMY AND NAVY.
The strength of tho army on September 80,
was $4,000 men, which will be reduced by
January to 43 600. Tbe President hopes that
Congress will sanction the reduction in the in
fantry force, and the retrenchment recom-
mended by General Grant. The estimate o.
the War Department for the year ending Juno
80, 1869, was ST., ,124, ,7O7, but the expenditure
so far shows that the cost for the whole year
will be in excess of s93 OOO 600, ifno red lctions
are made.
in the navy 9 considerable reduction has
beon effected. There are R vessels, carrying
Iii guns. in the six squadrons which ara estaD-
lished in different parts Of the world. The
total number of vessels in the navy is 2O6,
mounting 1743 guns. E;ghty-ono vessels are
in use. The number of enlisted mon in the
service is S00O moro thorough survey OF
the North Pacific Ocean is advised. The naval
pension fund.- moioty Of The proceeds Of the
sale of prizes during the war-amounts to
s14, 900 900. The expenditures of the Depart
ment during the last fiscal year were $40,
100, 1884, and the estimate for the ensuing year
$40, $685. 414.
THE POSTAL SERVICE.
The restoration Of postal service i'll the
Southern States, and the opening of new
routes, has made necessary deficiency appro-
priation of s741, ,44G. The restored and new
routes amount within the last two years, to
4s7, 900 miles.
FOREIGN RELATIONS.
The President says that the mediation
of tho United States between Brazil and
Paraguay has been without effect, and de-
tails the circumstance attending the con-
troversy bctM cen MIR. Washburn and President
Lopez as involving the right of asylum. Lo-
pez charged Mr.. Washburn with completely
in insurrection and treason. According to the
statement of tho latter two United States citi
zens attached to the legation were seized and
imprisoned and tortured by Lopez. Mr.. Bic.
Mahon. the successor of MIR. Washburn, ha;
been ordered to investigate the whole subject
attended by a proper naval force to sustain
suci demands as the occasion may require
and to yindicate the rights of the United States
citizens referred to, and of any others who
may be exposed to danger in the theatre o
war;
Negotiations are pending with view to the
survey and construction Of ship canal across
tho Isthmus OF Darien, aud the result IL lopct
to be submitted during the present session
The President has boon Obliged to ask for cX
plauation and satisfaction for national injur.c:
committed by the President OF Hayti. The
unhappy condition of tie entiro West Indies
except Cuba aid Porto Rico, has been followed
by profound popular conviction in favor
republican governments and an entire desire
to secure them. The attempt, however, to es
tabllsh republics meets with many obstacles
growing out of the old habits OF dependence OF
European monarchical powers.
While We have, says the President, professet
a decided ulwillingness that any part OF thu
continent, or Of it's adjacent islands, should b'
made theatre for new establishment Of mo
narchcal power, too little has been done by III
on the other hand to attach the communities
by which we are surrounded to our own coun
try, or to lend even moral support to th'
efforts they so constantly make 10 secure re
publican institutions for themselves. Our re
cent and present example may check the growth
of free principles, and make these commu
mites dead government which coasiGnI
to military dominion States which arc IL
tegra parts oil our EniolI, and Which, while
resisting any attempt by other nations t'
-, 4, inn