, 1870-12-06

and the 1pcch6tlC ats hAFt been cftenutd sod
a, Aoooutd or enriottIy and rad. ca1y coauged
without great trjory " BUSH. Is ank labor, auA
ser1tu Us cdnsequent iess . oa reveuue-
1nK FUNDING scasNx.
10 rcinpu the national debt ~ authorized hJ the
ae1 scpstvea Jnls II 157t. 4 pt,:sr'n Ut tae p.-
pst nAs heen mthutae u.e'j. sad The cFsparas"n
a!asofAei- Opportunity a11set, 1osu may pt uf-
!eted. A11 ootda de tv-t=d ~ttnnns aeaay. faA--
" mne" ss rs, .ne wnr 4, Europe sud c"n-tquenr De.
a!ttn IaF uinnty tnak+ Il d 1uht11I NAe1'lss and
~ pr cent bhbdt vii, be taxed, Il s'a7nA IN 20.
w..e 70 anthorze the t..ue II? 800 oao' ~
Of ; per ctnt. The Interest can b. ryt1 quarterly
VIII OUT sttnnEehience- and the1ee,r. lcspect-
fuhF rec IL nt MI snas tas l,au ect Dc 20 nodtaed
serls1asead Of seni-ap.uai11. stuuId,aese rscotn-
mel Loa'ions oe approved BY conETessr Is .. great
importance that IN tEt authorizing tie sh 4n4ea
be psase,i Without dtlsJ-
THE EtEgtSa system.
Since the dist Of lull rne currency balance IN
the Treasury has be- uhosnal1y large. The ACT
Of JulJ t.. 1870. axthottzrg an tuctHase Of Satoa-
nj k~nk n1tes, imposed upon the Secret1 7 Ut the
Treasury the apty Of ProghltnK fuf the 'eietnpt01
o. squ.i saiounts Of snsn present eefudcstes-
1ue, botn Of coin snn currency nade 1t nv dn:y
% receive a suu suf1ci- ut 70 enable iht iep.rt-
saf',te enI TO eea e1sornsl, M mssns. Haapiy ns
besn s nnfsso sol5 sa~ssea s. sae acsanal.stans
y
be. 80, 1s:a, lie Nallonai BaEka PAID III interest
the tum Of &, l726s. II ts ez1ltn4ied rhat nt
this tum Ia O ui1,1ons tuots we're paAl 70 pnFs'e
paltef. cannot doubt that the Practice Of paying
iutetea eIrcet upoo balances cue from one Rvv-
e11nent 10 anosherrt Is MEANS By. whicn la'xs
amoGns q sssrai ars - 9 M
ctsl centres, tending 70 intlFe business severely.
The proupce OF The bank Is 70 loan money: and
itais ard develop business Ia the ne!znbothcod Of
its LOCATION A# N 4tte4 Of fxct, under tue pres
ent fystem The oanks ar- nRehctea hF which CSC
there 10 be loaned on cali and used Tor apecaia-
tlve purposes. Complaints are made IRON N
parts OF tse Country = :: bills Of Sss.oas. ba.ss
no longer ut fur c1feuasiJn. AS many
new banks are toan to be o!Kanlzs0,
respect ttully Recommended that al appsopna ioa
be made aEdsn hority gtFtu 10 issue ne< otl3
upon such papef ana n ruch FORM As n y be de-
q mpto,eF Of the Currency IN III, Fepo Ut 13as.
rec1NmendA j the esAsolts. ulenl of HI agency ID
tee ctts9t sew fo1k, under the control Of taa
The aubs' nuce of this FtconmeLtat 1u seems 70
NE mol onlJ penper. hut Lecs ssar5- The exneIss
stnpll be poEte bE the hanSs- Cnupf Win th,a-
rrconmeudatuu, take ,Lis occa.,Sn to say tn, It
the bsnktnx >s.fern nt the ctuutTT aopsaEs TO bo
we'll mansRra ana TO answer reAs nan1y the puF-
pste for which It wis e>taaiisnest. Il IL no,
doubt, tIue that Treasury nut,s Tepress ming
an equal amount ot tbs publ c deos
21sheut iute1es sre the most ecooumiu i ettru.-
dpp tor tue government. but 1t sh0u d 1t couai-
eted that tie barktuK fns1,iutio. VI the codutrT
arc aReuc,ta oy which business IL ss'a1!shtsi And
sasn g. ,e ulas@ of
tnG The demands ~ business: bur, when tue de-
nauds arc nsRear, concessions sh.ad he made
npou the gJould tnat tue p.osr.r1t, Of business
I. mare iusortapt than the me:e sar1ax OF tn-
rerest as1slDC from tue calculation o. Treasury
notta.
Excluding feticpos:t. the "'noaut q! god and
alser d.rs Il eli al the MI.t anu 10 = ssFA
'ss 10. TIE coanare tor TIC : " mAe 81 .t:sall,
an. saeva'9~ " g ID and atlve: o.rs slammed
W. wss 81 ionures, fns 1sf 81,
prepared tn tnss department. and submit I'd At
TIT: a*t & sslpn, aut 10 tile Aecompanylug Feport
1e III, "a 80 and
has t1iAce been snhuts'ea to tut csGsctssn Of a
lasre nRa h'r Of pssc tcal aud kclent'dc men.
Congress. During tEe year several Branch Mints
ana AasaF Offices basc been vitttsd aAd e1Au-
,Ssa =, VI s hnox ~ ano sd n e rss; unn
ani y III require Eli all appropriation tor tho
commencement Of busuess. Provision should be
made Ter the redemption Of bto4Za AID other
tokeua tssueu BY the government
EHK REFbK1 OF TnK COMMISSIONS OF ArstSG sfA-
I!sIicS. ..
fer the gear 1862 has beeu piote since The clo&a
Of Tue sesson il, J1ir List, AMI tnal lor me year
ls1o will b. made rut!bR sHe ~iuier- Tne cou-
nbuznce VI the wask sppea.A ~ ne latter Of
hAIlGbal lnpU.tatce.
l
| The proportion Of American vessels engaged IN
foreign ttsti has not tucteastl relatively tsnftnt
me aMEonsn :msse ans nsen " nGsa' aa r. r.
Of the Cu!ted Stah :. amounting II The agSft lzhse
IL u.ou0 tons. The total 1vuusse enxaEe.l 70
tisot. e1aeita a. ~ Aae po1ss " Naa u1.. ~
| tea s,but. 1as iaE1ene*c aum ataAseoI teus lts
lsts. 70 o,sst.tuv tous " lssV' t'at t!e eoS s.oa
o. AmrIM ~ ssnhaxs IsMan.s a. ~ !ss.t ~ ~
en-: ~ - ~ ~ nn @ s..s
- ~ ~ - ~ ,s i; ;o1, -. ~ Iii a..
ma ,hs ~ r.v'vni ~ ASa.n,.sn Ss cnnmrIrs
su'e "e ie'i'a' " nr.s.s.t. .oA4s'
LIGHTHOUSES. n ,,. .,..,
~. ~ .An =, ~ ,sn @ mrsn t,,s -an ~ a1I,n
,en Q. TIE nitn sse1t Ct soe It o, ,o Ja'! y
~. ...r sr.,iu" 1ne. ~ ~. H.. 1,s.,s,,n1
49,. al sor +. nv n" ~, a..,,,, = - r.. . ~ !.
sa.y. - ~'N ~e''1~>' - 49, s'~~~-
| The yerort or ,he snna.,n.~rrsr, n, tho roas,
,snn -. snG L.si ~. ~ ;nS Gr"s
NM ~ ssst .1e p'os's na1e oasns 'oe 'As
~, ~ shssfsn1A1:sS ets =. . Or G1ons IN EoSn.
IN tes nss. ns5 ~ o:tan. 49, fefal .tsHna se.
lsentn cohcelulhG tot ah.puttatt"a VI m=schan
a:se ttHM tr,1ts VI ~ p Htaslnn u ct fata ON
ptne ~ ian unMsa nAs ssao1s ape a'seneu w -
~ @ hhe Mau.oxi'n " .neA ~ lat PHI ot "
r. ;etn.s ,,.rns s"e rtp''st1sa - 'ne ~. as
nn,rn,es en,,n,.au 1n,v ~ c .es ps.s
pfT.rs. oftt'> 81 nu:s ~. 80 81 tory v! -
n. ,sso:a1ishs VIZ m a'an: a.stnM 10 1ons'ess: !
v.,,t In. wttn.h. % s,.,,,y,, <uneau,ss arsI az
~ s.i ..1, ~. 1.nnr,
nt ;nte.io1 rt,,s snsi, hsyr ~ .,,e ar.urr,,,.,.t
~, ,n',o,,',sn - 49,. ,,sr ~. ~ ~ - ~ ~
w., sm MI ,hut IN 20 -, ~. I'm, III H.. w.
a,,sr, ,thrr ", h III. rnttw,x. H..rcut, IL nr ia
Evv. enr. VII: ort asu6t tts E uet .resc .sss III
,nIn ~ r.i,ntrr ~ xt,,s,,on ~ ire .r,.,. NJ, IA
hnr me r,mtn', m ,sn",S trx. pivrn ,ne su,
- r. ,rr 1y. .r.,,n,, Al ina. ,,c.,, r,nn. l.. =,
s ~ th'n. .hst IN. tn.as r.n ~ ~ ir1r 1."ircr
: ''e ~ %A'A- 'ss rs.s-r,,, ,,sr.r sxr.s =;
rnc opn,oet,st:oa IL, n. sx:rn = a, ce,,c,in
e tac cnstofa< 1eEeaue. aa.,et t9e sct aplsuse
sly, ~ aoa'ta,a 10 sntn sIhs ~ my De .teeist
stosat9, r., sa.ns's Mas. x, anu Ah1 Expe1
tneE Has ~ ~ =. ~ " II IL uaA s.,s .aoun y sn51nrlta
~ nc es ", rnp.op,an In wy "e n,r"si
csreii s. IN he T+t asnr, po.eu ,a
I employed tnvest,gat1n1 th: expenses of Il
e cEsssm aou:es ol Ias So9hs'! .ot me pufpsss
e ss:, natlak = a. SO 10 w tner reduction Or i
i ~ sns tneans s3ne hayiig *M !
aeei. @ ont y W. ,s,,1 y ssens ot npossep!s
ne ;xs 1 mah ~ anpiansaSa Flo
J, 49, ~ lsse. s!T ~ al'toptA inn VAS
lue aAe u ~ ". asnusa III eaoltlou 70 :.
. Icy 80 .n .A"'a1 ~ - app.'esne M W - :,
~ ta'o, Is,c', ;ta,m ins ~
ine ;n ao.as a.. ss lon ~ nxte ao
:et!n III tn ne II! ~ ma,s NJ ,ssn ~ vs. :;
tatss,t. a icr fna ~ eeap ardtow 1n M ~
- Isl. were :, an rt1re 1nrnsss :.
| "a "a
80 * ~ -, ~ se ~ pet cetL f.ofn -
.6 ~, &C., ~ =. ~ ., u,a aot a. eeo
" 90 ~ r.. tsa! aul tat tel8Ptas't
= ~ AM ..st,, taaaa . "as auca tss aattef
Il !uE s3ssea! u aaaes T. n - =. tue pFess
70 Gmt al the pEncpH importing ctl
: o. rue couLuy, y neeess4if 70 empt
IS aMfgG lolce 1o1 me pioseenaa oi *nafFea a.
u ~atef llnea "ltaln u ne13 susn c!ties. - ~
,e nef&SeIJ 70 Rhald sFAinst ensuER!!GH sae pr.
of eLte otlen q ssseslsi oiaesls np.n hLa a1oul
steamers anu otael vessels iur ft!ox ia1ae qua
Ut n!es Q! SgGs' VILE SoE Ea9so ~ al'taa39ine sos
ta1gtea- itia a!:o appasENA taak W. e1teaai
r line Of ccast 90 'ne at1a.uc sna fas..e UceaE
y - and Gull OF Mexico. eselI "ne5e 4usnentos
p0rtunltea 1of she tntfodnetluh OF Kpo1s th vto
% TIN Of tue revenue i4F5. requires sne Presence
Large number Of sk!sini and sfostFor perso1
x The arquhtttDn u1 Aiasf&. the tstahltHnrnent-
~ ~ Iute lor ports Of ettty for The accommodation
. pu0neee ~ fA1tTo!s NC sEeaEerA Oh the Nosi
eEn lf0ntltf, 2G1 materially TO I