Evening Star Newspaper, December 3, 1867, Page 5

¥ inn curr but order bat PSSST earicg 8 lower rate of Interest pacht be rubdstituted for them, if tt noniad so Dappen that before their ma- rarity money Could be borrowed on more favorsble “ms. The act provides that United rates es of which it an‘horiz-d the isvee i derecetvable tm pcyment “of all claims ad deman: ne United Siates, of ery Kit@ whatsoever, xcept ruterest apo bonds and notes, which shall b- paid in coin It #* rot+s they sell Bot be receivable the bonds, for the very ob- “nat they were expected to be but y Creulation A provision that tended only 'o meet = tempo- gercy—shbould not be received for of the principal of bonds whic tecmabie for five years, would, if teen sdvoca ed and insisted been quite bkely to bave preven suc. The public jatgment bad not then been perverted by @° irred emuble currency, and & fon “het mic ed a jong-continued m ‘he specie standard would have apporters in Congress or among no) and understanding of Uongrese 3 + sumficienty indicated by the isygtsge of ‘De act, all doabts must be re- ved by s reference to toe debates while it sander coe weraticn. From these debates the issue of the legal-tender cted to b* limited to one han dred and fifty miltions. On this point one of ¢ Representatives from the State of New York spoke as follows ‘Then the whole secret of our financial suc- cess lies simply im borrowing five hundred militons, or rather in funding the floating in- cebiedness convertibly 1epreeented by the ‘Treacury notes, so that their issue need never vxceed that gutborized by this bill, and which 18 conceded to be the ex!reme limit consistent ith safety to private interest and public edit. Nobody bas proposed to rely upon this currency beyond that amount, but, on the contrary, the idea of any further similar issue bas deen expressly repudiated by every sup- porter of this pill. (me of the Representatives trom Massac! setts put to the distinguished Chairman of the ‘ommnttee cf Ways and Means the following uestion Let me asi the gentleman trom Pennsylva- pia whether he now expects in managing these financial matters te limit the amount of these notes to One hucdred millions Is that bis ex- pectation ?” To whicn que: ing reply “itoe. Lexpect tbat isthe maximam amount to be issued.” Later im the debate. the same distmguished genvlem: ed the following Iauguage When this question was discussed before, the distingarsbed gentleman trom Kentucky (Mr. Crittenden) asked me whether *t was the intention of expectation of the House to go on and issne more than one handred and fifty millions of Jegal-tender notes—a pertinent weston, Wich I saw the full force of at the e¢ 1 told bim that it Was my expectation bat no more would be issned by the Giovern- ment that they would be received and funded in the twenty-yerr bonds.” It a8 clear from these quotations, and the whole tenor of the debate. tast it was the in- tention of Congress thst one hundred and ff'y mitiioms should be the Limit of the legal tenger ren Intion. 1 that it was confidently ex- pected th cirenl@tios would soen be converted into the five-twenty bonds, known he bonds of 1-2, and which are Bow re- mable according t tenor. This ot {8 snfficientexpisnacion of the fact that provide that i+ for the ount to be dite One buudred and fifty ne int fiom he received tne follow- pal of the bonds ued was iim MiHODS, A PTOVision WMA” they should mot be reesvable ior the principal of five hundred wi figs oF bonds, to be insted under the same Bet, in which they wer expected cobe funded, nd which were nor to be sudject to the control ¢ Goveroment for five 8. Won!d cer- ta ply BAve been rege sould have been t £ assingalar neevssary, But tbis s pot al. The same centieman, who, as (Dairman of the Commitee of Ways and Meane. was the exp the views of the }ou-e @pon iMis question, in ng of these bone, Temarked as follow dolinr ins tiwer's safe unproductive, is & sore Gisturbance. Whe uid they invest in Used Steves loans nt six per cent. eemible ii: gold in twenty vears—the bes 1d Taget.Vatan ble permanent iavestmeat that a be desired. wid be bave recarced ‘ues? bonds a most able perimanen! to veeiment if he hadsup- hat they tb receered tm a depre- seated Currency tee oZpir ction of five vears from Gate! Agsin, h said Bet witows orpbans are imierestec and in tears lest irestaie sbonid de badly invested. I pity bo Ob WhO bus mopey imyested in the United Sates bonds peyable im cold in twenty years, Wik meres! cemi-gunusliy In these debaies very Hitie was said upon the sutmect of the payment of the principal of 4be bonds. @ppsremt.y tor the redeon that m One suppesed bat (hey would or coaldte ped im auythung else than m the heretofore Tecognized constitutional reney of the county The sume may be said in regard to the debaves upon the bills authorizing subse- Quent seues The acts of March 3, 1563, and March “Gt, are the only acts which state expressiy that the bonds to be iseued under chem sbail be payable in com: and thts pro- ’ B these Rete. if not dental, attracted no atiention ®t the time. either im Congress or win the — papiic Under the former Act seventy-five millions of twenty-yeare x Per cent. bonds (part of those knewn as ponds of I=!) were issued, and under the ta nc! nearly two bun- dred millions of five per cent. bonds, known as t jes: und the fac at these six per bonds bave bo higher reputation han other bonds of the same class that five per cen bond- never were a popular Urity, aNd have, im the marker, watil very ly. ecar Pr ed 4 vain~ corre sponding with the six per cent five twentie-. Snows conchasively that dealers ia Govern. mes! seeurttte ike people generally, bave HOt regarded th ov) con as placiag themon 3 dittere: as toohe kind of money im which they 2 to be paid. from tae bonds jer acte comtaining Mosuen provis. There w bg tn che condition of the country when ac's were passed that re. qvired an anos ‘OVIS:ON, 1h OFder thatthe t authorize hein might be success. wily seg Reed: om the rary, -h* national credit was bever then (ian xt periods when other fonm bills were possed: nor was there any totumation by ai umber of Congress, ROT We itever th the officers of tne Tressery Deparmeo ‘he bonds author- teed oy them were of & ditferent character trom those issued under ovher acts. It is un- Tesscuable tos uppose ha’ || vras the intention ot Congress ta: the bond. suthorrzed by the acs oft February . PO). and June Ba, iss, a cat-\ender notes, white by the set* of March 3, 1=<, d be paid only in coin OUS t#SuFS Of DOUdS. con<UTUting ue RanCLsl funded deb’. sand upon the same footing, Ané all should be paid in coi, if any are se paid. National Cebts are subject to the moral law of (be nations. Whenever there t= no expres- =10n to the contrary. coin payments tn such Obligations are honorably implied. Th policy of the Government of tne United regard to the payment of i's deb: uniform aud consisient. Prior to February 25. Inez, there was in tbe United States no jawful money but specie. consequently its ‘Tressury notes. and its bonds previously issued. were payable in the same currency. DSubsequenily si! interest-bearing notes were made payable in lawful money, but no change ‘Was made in the form of the oblization of the bond: Tons the sevenjand three tenth notes issued after (DM! date, tbe five per cent. nowes, and (Be compoun int-res’ notes, were made payable in lawte! money. while the bonds not beipg #0 made payabie huve ever heen recog. nized by Covgtess, by the Treasury Depart. ment. and by pe &. payable on: Cow These ditto = of secarities were negotiated with is distinc! underetand- ivg—an unde iiug wRich i= as binding wpon ihe honor ct the nation as if it were ex- pheiuy stated in the siarutes. It ietrne that ibe bouds, and bole. converiinle into Donds ts- Sued afer the passage of (he first legal.tender set. were paid for in a depreciated currency.aod Were therefore, in fact, sold at @ sunt: but iC ot DOC denied tha’ they were sold taurly. and thet every one had ampi+ opportasiry to sub. sertbe for (bem. Agencivs were established. and sobecriptions solicited, inewery part of liberal subscriptions were they the country * of loyalty. T epreciated curr ‘be subscribers. The sold @t the bighest price tna: could be ob! ior them—not chiefly to the capitalists of the <ties, Dut (© men Of MOlerate Means through- oUt he CouBtry. who Subseribed for them. not for speculation, but to ard (be Governm ite struggle witb & gigantic rebellion: & -ugnafieamt fact that. with rare exceptions, complaints bey were soid at a ais- aieome from those who, doubtful of the of the conflict, de 4 tO invest in How would the Government of the { nive@ States stend before the world —how Would itetand $9 tbe estimation of its own propie, if it sLOwd decline to pay, according to agreement. the money it borrowed wi iis Very existence wi perit, and withou! which { could pot have prosecuted the on the ground that the Ie: rites at lees than their value! bout if he Lomor of the nauion were not in- volved im the quescop, the inquiry arises, in we bat sbali the bonds ve paid if mot im cota? Dome five Luncred and titteen millions of five- twenty DORGS are DOW redeemable according to (heir tenor. No ope certainiy would p! pose tbat some of them shall be called tn id ina carrenc: the do. all remain redeemed auial the (u"2emsy shail be more de- preciated by addins & 418 volume or appre- cimted by contraction, The Bhiders of there bonds stabd oo the same foo ing: if any are to be psid before maturity iu a depreciated cur. Teuey, the wDole should be #0 paid. and in a currency of equal value. But the Goverament bas po United Siaies notes ia tae Treasury, Bnd as the snmus' receipteare Stier to Bemucn in excess of the: ares, and as a pew lean to reise money tor \he pur- pore of violating au agreement Under which 8 previons loan was jottated would be im- Practieable, there be no way im which been propoved, except bY patting tie printing Propo:ed. presses agaim ai work. issuing more prom- ises, Which must themselyes eventually be paid in eoiry converted into coin bonds, or re- pudiated. ‘TRis process of making money seems ameasyore. but our own experience, And the experience of every other nation that bas tried it, prove it to be neither nor profitable. bear tothe volume to which they would be Sdded. Itis pot too much to say, that an ad- ditional issue of five Dundred millions of United States notes would reduce the seve hundred millions of paper mosey now in cir- culation to one-balf their present value; 80 that a legal-tender note or a National Bank note, now worth seventy per cent. in coin, | would rot be worth more than thirty-five per cent. even if the apprehension of further is- sues did not place it on a par with confederate notes st the collapse of the rebellion. The bonds would of course decline in vaiue with the curreney in which id be payabie. Cap any one seriously p! thus to depre. ciate, if not to render valueless, the money and securities of the le! Can any one, know- ig the effect wBich such au issue would have upon the Government bouds, upon the cur- rency now afloat, upon business, upor credit, upon the public morals, seriously advocate such & measure, not as & matter of necessity but to anticipate yment of depis due many years hence ‘be statement of the Se ition exposes its wickedness. When airly considered, it cannot fail to be stamped with universal condemnation. It isa sition that the people of the United States, whe | | own four-nftis of the national obligaions, shall, by their own deliberate act, rob and Tuin themselves, and at the same time cover the nation with inexpressibie and ineffaceable disgrace. 1n opposition to all such expedients for pay- ipg, or rather for getting rid of, the public debt, is the upright, world honored economical policy of paying every obligation of the Gov- eTpment according to the understanding with which 1: was created—the policy of apprecia- tung the paper dollar until it shall represent & dollar in coin, of giving stability to business and assurance to enterprise, and wiping from the country the reproach that rests upon it by Tesson of the low price of its securit an the great marts of the world. That this is the policy which will be sustamed by the people and their representatives, the Secretary bas the fullest confidence. They may hereafter be nations, which.ignoring their honorary obliga. toms, may look to theirown statutes for the measures of their liabilities. [fthereshail be such nations, the Republic of the United ‘States will not be found among them. It has | essentially suffered by the actual repudiation of some of the States and the virtual repudiation of others: it is still suffering from the same cause, | although more than a quarter of a century has elapsed sinee this stigma was fixed wpen American credit. It ts suffering also | be inct that Massachusetts and Ualifor- | one, of all the States, have continued to psy the isteresten their bonds in coin. But although it has suffered. and is =till suffer- mg, from tbe bad faith or false ecenomy of some of its members, its own financial honor is unsuilied. It has committed the mistake { making its inconvertible promises a legal ader. botit has never taken HS own legislation to lessen im the hauds of the holders tbe value of its securities or vio- late its engagements by covert repudiation. in the darkest Bours of the rebellion st tal- ered votin the observance of its contrac’ Sbail 1 falter pow when ils ability to pay five t&xaton, cannot be questioned? Tha importance of the restoration of the Southern States tothe.r proper retations with Federal Gowernmen! csuno” veoverrstimated public faith not all that is Feqn cid benith. We need, in addition to the vpeted country—untted in fact @s well as in pame. it may not be im this report to discuss the measures regarded by bim as best caleulatrd io bring about this most deeirabie result, This however, be feels it to be bis duty to say, as be substantially said in in is Iasi year's report, wat the q on of reconstrnction. as & purely financial tion, is, 1m bis judgmeat, second in im- ¢ upon to consi: South bave for many years cons large portion of our «xporix. Bat for the cor- fev bela im that section st the close of the | F dellion. the foreign exchanges would have | military forces upon the frontier and in the &! Washington, was a general inter- | Southern States, can there be any good reason | Chauge of views, and also «seex for a basis for | why thereducti beeu so largely against the United Sates that & commercial revulsion would —— beep tmminent. if not unavoidable. ven these States, Iast year more than two- teirds of our exports consisted of their Productions, and it is the crop of the present yesr—smail though it may be—that ie to save Us from ruinous indebtedness to Europe. It is of the greatest moment, therefore, tnat the prod should be restored as rapidly as possible. Ue progress hes been mage in this direction during the past two years, and no real progress with sli tbe rights and privileges of other States ucder ‘he Gonstitation. The Secret iry does not allude to this subject for the parpose bis of calling the sttention of Congress to it is Wonece-sary. itis absorbing the publi t-ntion, nud the further action of Congress in relatio wiih intense solicitude. Upon the judicious settlement of it national prosperity. The views presented by the Seereiary, upon this subject Mm his last re- pert, are equslly appropriate at the preseut ime. ‘The Secriary proceeds to quote from his report for (he year 1665 in Tegard to taxation by the Srates of Government obligations, and ays the views thus expressed have onder- gone no change. but the exemption trom tax- ® ion of any Kid of property, by which <pe- cia! privileges are. or seem to be. granted to any class of citizens, is odious to the heavily- | burdened Masses in all countries. and ises- | + Local | ind no pecially so in a Kepublic like curs Toxes im sll (be States are heavy, mstier what the Inw may say upon the subject, no matter wha’ the contract may | have teen under which they were nezo- | and followed until the increase of business aud powcer tugs, apd vessels used ns barracks | fea to the creation of the office of Second and as coal barges, lsied. there is a general sentimeut among tx- payers that the exemption of Government bonds from local taxation i= not exactly right, and (hat it ought fo be in some way avoided in rucnre issues. The Secretary has no hesitation iy scmittmg teat D senument. The ever, as has bee: fact that if bonds to be bject to local tax, im States and counties and cities where taxes ‘ow, or im foreign countries, wher= they Would escapes taxation altogether. It is a mat- importance that the Government tro bonds ould be @ desirable investment in all parts of the country, and it is obvious that the Sates should be in some manner compensated | icr the right now denied of taxing them, as | other kinds of property are taxed. After giy- ing the subject carefal consideration, the Sec- retary can suggest no better way of doing it than by an tesue of bonds to be keown as the Consolidated Deb: of the United States, bearing six per cent. in- terest, and having twenty years to rup, into which all other obligations of the Government shall as rapidly as possible | be converted;—one-sixth part of the interes at each semi-annual payment to be reserved | by the Gover; paid over to the State, according to their population. By this | means, all the bonds, wherever held, wonld be taxed alike, and a general distribution of them be secured. State taxes, inclading the levies for the county and municipal purposes, bow, a5 a general thing, exceed one per cent. but when the debts incurred for the paym of bounties are paid (and in most of the Siates they are already in the process of rapia nction) and economy is agin practiced in the administration of State affairs. bis inut- rect asseesment will be quite likely to equal the tax assessed upon other property. If the debt to be funded shall amoant to #2,00).000,- 00, the AMount to be reserved and paid to the States annually would be $20,060,000, which would give to each of the States, in gold, as bearly as can now be estimated, the following sums, to be reduced of course with the reduc- lion of the debt Maine. $555,000.76, Massachusetts, #745, 575.43; New Hampshire, $191,411.17; Vermont, S186(26.09; Connecticut, s New York, #2.391,925.89; 466.92; Penney 449,559.58; Ince $179,909 52; LMinovs, 81,3 4% Lowa, 8493, 159 19: ; Missouri, $773,431.79: Kentneky, $709,0545; Tennessee, $651,147 55: Arkansas, £267,259.95; Louisiana, $434,540 77: Texas, $529,772.40: Alabama, $540,512 53; Mis- sissippl, 471.792 25; Georgia, $64,915 93: ids. $90,200 60; Sowth Ca 1B. $431,905 13; North Carolina, #°26,6% 25; Virginia, $730.- 662 at West Virgiwia, $249.055.i1: Maryland, sii Delaware, #65473 42; Kaceas, 156,- eH DraskA, KL7T16 56: California, #25, 733.14: Nevada. 324,013.73; Oregon, $46,000.76 total, S20. 600.000 The advantages (o be derived from ‘his plan are 80 obviows as not to require discussion. It | would secure, as bas been already stated, sach & disiribution of the bonds throughou: the Staves and counties and cities as could not be expected if local taxes should be imposed | wpop them. It would crea’e a bonds im States the people of which are justiy Tesponsibie for the debt, but whose early am complete restorstion to the Union 1s so desira- ble snd tmpor'ant, and would give to them needed sid in efforts 'o build up again their own prostrate crecit, 1t would pat an end to all discnssions spa doubrs in regard ‘oO the, Wind Of cutreucy tf Wolcir tae boads are of whose fature resources the present are but | ft: gener! , to issue sx per cent. gold-bearing bonds, to be | For the Navy Department vantage of ° the uttermost farthing. evea without oppras- | agement of 8 mavier of so surpass: frency apd the main- to restore the country to perfect finan. | . & oper for the Secretary | no te deplorable condition of ive power of the Southern States | jsit= | be made woul their political condition is | determined by their restoration to the (nion | to it will be watehed by the people jepende, in a great degree, the is In sympathy with this ieully im the way, how- Suggesied, arises from the enfter to be issued were very few would be nnd there would be | @ constant tendency to 6 concentration of them | 418.01; Raode | iy possidie remedy, the some cratral tains, of | Bpon co! a Worthy a pation whose resources, young as it is, fare sec yaa to those of oo @ her nation, and tional minis soboel, or, ad cheustte principles, al lalonten in jesiga Bad scope to te great min- » ing schools of Europe. "rhe tonae, the issue of which is th ot ‘The operations Gt ihe Uoast Sarvey bave | mended, would be six cents to the (Fovern- | been continued dur.ng the year with re v8 per cents to. the holders, which | CUstomed vigor, and progress has been made is as low a rate of interest as can ba expected £ Foy apatemiincten Tea eotimntde toe as the Unt" or rintions. Sorprereott te he Wakes Sips fey menny vente.) een “Fear have becm Prepared with & view to keeping up the work efficlentiy, on ‘he scale to which it bas been developed by the demands of navigation, 8rd accompany tocome. Of the practicability of converting tbe osistnn Sng coLlgMiets of the Government Into this consolidated debt atan early day, at no considerable expense, the Secretary enier- I i. ame “fally recommended Mor tee contecticm of the revenue from cu tas ore reepecful - thattbe act of March 3, 1365, beso amended | toms im the territory recently acquired from As to suthorize the Secretary of the Treasury | Russ ?, util nent arrangements shall | have been made by Congress, * special agent known as the Consolidated Debt of the United | of the Department Was dispatched im August ‘States, Baving twenty years to rap, and re- | Ja-t to Sitka, in gree! th the agent desig- le if it may be thought advisable | Mated by the State Depar early day, to be exchanged at par for an; | Jormal iransfer of the territory; and for the all other obligat ot the Government—one. | turther protection of the revenue, as well as ixth part of the interest on whict, in Meu of to obtain information ts guide tn the establich- other taxes. at each semi-annual payment, went of ports and collection distric's, the shall be reserved by the Government and paid | cuter “Lincoln” was ordered to extend her over io the States according to population. crurting limits to these possessious. An officer The Secretary estimates that the receipts 0! the service,familiar with the coast,accompa- and expenditures fer the three-quarters end- ied by several officers of the Coast Survey ing June 30, 1568, will be as follows was tent rom the Departinest with foie pn from il: structions, to take charge 0 vessel for Recetp Customs Ss nro00 Ub | cruise A’ general reconnoltsance of the const ‘Was ordered, including soundings, location of lights, and ascertainment of avaiiable chan- — ——— nels of commerce. Attention was also espe- F; $296,000,000 09 Ctally directed to subjects of scientific Inq: ‘The expenditures for the same period, ac- ere by the Smitnsopian Institution. cording to his estimates. will be— je steamer sailed late in July, and a full For the civil service. « 37,000,000 v9 «report of Ber operations is expected witnin a For pensions and in - 2,000,000 09 brief period. When recéived it will be For the War Department, in- promptly communicated to Congress, with el ) for bounties 100,000,000 00 | such information as the Department has been For the Navy Departme: ~ 22,000,000 00, xble to collect from other sources, and sugges- For the interest on the public | tions as to the creation of Collection districtx debt... . 114,000,000 00 | for customs and internal revenue. i | . The Revenue Marine leone at present of $295,000 forty-three versels, comprising twenty-five $205,000,000 0 | Steamers and cighteen ailing Fetsels, of which 5 3 timated seventeen of the former 8nd sixteen of the lat- seeramiccre eatuaienttpan. terare employed on the Atlantic coast, two of ditures of. 1,000,000 00 €&ch description on the Pacific, snd six steam- = = ore five hundred tons burden, on The receipts and expenditures for ihe next the (treat . 7 une 5 ‘as fol- The expenses of the Marine Hospital estab- Sees nt SENET I SN OE | ee continue quite large, notwithstand. from Castoms. «145,000,000 00 | ing persistent efforts to secure economy. The Internat Boh setae . '203,000000 00 | receipts from the tax are still found insuffi- 000 00 | provide tor the deficiency. ‘ofore, from renee . eccsuitsanedirsd ie public peeesey: Iris suggested that, in 351,000,000 09 S¢cordance with the example afforded by the The expenditures for the same period are military establishment, authority may be given estimated as follows | for the annual appropriation of 80 much of the For the civil service. $51,000,000 09 «© Proceeds of fines, penalties, and forfeitures For persions and Indi 36,000,000 09 «Under the custome laws as may euffice to meet For the War beparument, the deficiency unprovided for by the tax. ding £25,5(0,000 for bounties.. 120,000,000 00 | Efforts for the prevention and detection of 36,000,000 00 *Muggling have been actively continued du- For the interest on the public : | ring the year, with considerable success. ata debt .. 130,000,000 00 | comparatively moderate expense, and* with- out &ny charge upon the public treasary, tne | | | tment. to recetve the Miscellaneous sources. 372,000,000 00 | Proceeds of fines, penalties and forfeitures | having proved sufficient to sustain the charge Leaving « surplus of estimated | and pa: ae the Treasury a surplus of more receipts over estimated expen- than $3: 0,000, oe 000, | Quite a Jarge amount of stock of private cor- ape: ——- porations is held by the United States, in the foregoing estimates are made on the Cuttody of the Department, which is’a con- Pa, paints ot thei tecstpes and expendi. | stant source of embarrassment to the Govern- tures for the past nine months. The Secretary ment ard to the respective companies. Lt will is hopeful, however, that Congress will take be observed that they were acquired by sub- measures to largely reduce expenditnres in all ScTiption under special authority of iaw in aid branches of the service, sothat asteady reduc. of projects of interusi improvement. How tion of the debt may be continue ever proper and beneficia! such measures may Iu regard to the national debt, and themeces- | have been at the time of their inception, no sity of commencing at once the payment of i!, | EOOd purpore can now be subserved by longer the Secretary, in bis report of 1565, remarked: | Tetsining the interests thos acquired, @nd it is “We need not be anxions that fature gen- | reccommended that authority be conferred by erutions shall sbare the burden with us. Wars law for the sale of them are not at an end. aud posterity will have | From the ceportot the Third Auditor, t is enough to do to take care of the debts of their = 8) pP8rent that a change should be wade tp re- own creation * gard to the adjustment and settlement of the & Matter Of so grent importance ss this, War cidims tha’ come b re his Boreaa: that experiments are out of paaees ‘The plam, 4 period should be fixed within Which claims b-i'en path of experience is the only saie our | Should be presented, and tbat measures should » trend.” be adopted to perpetuste the te: in 118 of the grentest importance. inthe man | ses Of Claims thut are disaltc interest, | LOW, W that the right start should be mace. Nothing | Able, fraudulent clams are frequently » but revenue will sustain the national credit sted. and when, by a lapse and nothing ives than a fixed policy for the | be uiflicult, if rot impossible. to obiain te Teduction of the public debt will be likely to | Mony in regard to their ‘ne character, frand- prevent ig imerease.” | ulent claims will be quite likely to increase ‘The right start in the direction sugzested hag | it uurmbers sud amounts been made. Since the firet day ot September, Thr Depariment of State has referred to 4265, the debt pas been reduced $v5,1=5.191.45. | this Department, for consideration, the official Now. ifsuch % reduction could be made while | :cpett Cf the proceedings of “The Interoat the industry Of one-third part of the country, 3! Monetary Conference” held at Paris in Jane by reason Of the war and the unseriled state &be July of the present year, aud also the re- Of its politics: affairs, has been exceedingly port of Mr. Samuel B. Ruggles, the delegate Gepressed, and the other two-thirds have, by 1 that Conference from the United Sistes of no Means. exerted their fall productive power, America. This Conterence was diplomatic in if such reduction could be made, notwith. i's constitution. have beew formally called by staading the liberal miscellaneous appropris- the Government of France, by official invits ions by Congress, the payment of bounties, tons to 1nost of the civilized nations. Lis ub- and the great expense of maintaining large ject. a8 stated by the Minister of France sosuccessfally commenced | ulterior negotiation,” on the subject of a under the mo-t mauspiciour circumstances, Unified coinage for the use of the world. It scould not be continued steadily and without pears by the official report that th. Con- interruption until every dollar of itts extin- | frence, on a fall deliberation, bas agreed on guisbed! The Secretary indulges the hopethat such @ basis, whicB is now (ransmiited to tbe the policy which bas been inangarated,and diferent nations for their consideration and which, in his judgment, is so essential to the decision respectively. The matters taus pre- nauODAl credit, if not to the preservation of r. sented are of high monetary interest to the Publican institutions, will not be abandoned. | United States, and merit the attentive and Old debts are hard debts to pay. The longer | careful examination of its public authorities, they are continued the more odious do they be- | €xeculive and legislative. come. if the present generation should throw NE Sa aie ar the burden is debt upon the next, it will 5 5 be quite likely to be handed down from one REPORT OF THE SECRETARY OF generation to another—a perpetual, if not a THE NAVY. constantly increasing burden upon the During the year our naval force has been al- ple. Gur country is full ofenterprise and re. most exclusively employed on foreign stations sources. The debt will be lightened every ut litle remaiued tor it to perform in our yeur with great rapidsty by the increase of own Waters, and the general peace which has wealth and population. With a proper re. prevailed throughout the cts ilized world bas G@uction im the expenses of the Gsovernment, called for no interposition or active operations And with a revenue system adapted to the in- | on ovr part for ihe protection of our commerce dustry of the country and not oppressing it, abroad. The display of a uaval terce bas been the debt may be paid before the expiration of suflicient to suppress tbresiened difficuities, the present century The wisdom of a policy urd in every quarter American interests have which snail bring about such @ result is vin- been respected and Amerjenn rights obsei ved dicated in advance by the history of nations by commiercinl pations,and iulercowrse sud whose people are burdened with mberited rade have been fostered. And with no prospect of reliet for them- Duriog the year the aggregate naval terce selves or their posterity bas been reduced forty vessels aud four bun- The Secretary recommends that the Iaws re. dred aud eighty-two gues. The number of jating to the forrign and coastmg (rade shonid vessels iu commision has been reduced twelve, be so systematized that the rights and duties of nd ibe number on squadron service is tuir- ses whose interest are most directly teen less than at the dale of my last report. ted by them may be cleariy apparent. ‘Tbe jollowing is @ summary of the present ‘The Secretary recommends the reorganiza- condition of ue yessels of the navy Accounting Office~ of the Treasury _ Veaseis in squadron service, ai: U7 guMs Department, 60 2 to place this branch of the Apprentice ships. i. 62 gu Keceiving ships, public service under one responsible head, ©: 12) guns. Special and lake service, 3:51 guns, ing to whalsrems to have been designed Atiached to Naval Academy. it: lisguns, On in the original organization of the Departmen!. service at yards aud sia’ions, including yard ilguns. Total nuraber Comptroller, and subsequently to thatof Com. of vessels im ne, 109: guus. Iron-clid yes- missioner of Customs it 16 recommended sels Jaid up, 49: 10 guns. Iron-clad vyesseis ubat the office of Chief Comptroller ba created, vot compieted, 6: 22 guns. Steam vessels pot baving general supervision of the accounting completed, 32 guns. Sailing vessels not officers, and appellate jurisdiction from their completed, (old line-ot-ba/tle sbips,) “. Ovher decisions; to whieh should be transferred the versels Jaid up, repairing, fitting for sea, and duty of examining and countersigmiug w for sale, 07: * guns. Total number of vessels rants on the Treasury, and of collecting debts and guns, ~ “09 guns. due the Government, now constituting a part Eleyeu thoweand nine hundred men have of the duties of the FircstComptrolier: and that been employed in the naval aud coast survey the adjustmentof accounts pertaining to the | service during the year. customs be restored to the latter office. Admiral Farragut was jas! spring designa. | +The Secretary also renews the recommenda- ved ‘o command the European squadrow. He | tion contained in his last an: 1 report, of a | hoisted bis flag on the Franklin, at New York, reorganization of the Bureaus of the Depart. on the 17th of June, and departed trom Sandy ment, and mos? respectfully and earnestly | Hook on the 2th of that month. On the Ith solicits for it the favorable action of Congres of July he relieved Kear Admiral Goldsbo- ‘The compensation now paid is inadequate to | rough, at Cherbourg. the services performed, and simple justice to The reception of our distinguished naya' gentiemen of the ability and character of commander by the people at the different poris those employed in the Department, requires a be bas visited, and by the sovereigns and au- | iiberal addition to their present compensation. | thorities of Europe. bus been of a@ character Since the rates of compensation now allowed | gratifying to himself, and to the government | were established, the duties, labors, and re- and people of the United States. | spousibilities of the Bureaus have been largely Earnest appeals im behalf of the suffering increased, and the nec 'y expences of liy- | Cbristians in Crete have, from time to time, ing in Washington have been more than dou- been made to our naval officers, urging them | bled.” to.so tar depart from the principle of nox-in- | The report of the Direetor of the Mint con. | terference and that neutrality which the gov- | tains the usual information relative to the ernment of the United States has studiously | comnage for the past year. enjoined and observed, 4s to repair to that A valuable site for a branch mint in San- is/and aud convey to the shores of Greece the Francisco bas been purchased during the past women and children, Who were represented year, and an additional appropriation will be #8 houseless and destitute, the results of the required for the purpose of erecting a mint insurrection against the Turkish anthoritles. building complete in ail its appointments upon The effort was made, bat failed in consequence the Pacific coast of permission being refuced by the Turkish The Director of the Mint recommends the authorities, 1t could not be done without vio- Opening of the branch mint at New Orleans, jating the neutrality which we bad always upon en economical basis, for the coimage of observed, and, whatever may have been our nickel-copper pieces. The branch mint at symputhies, we could take no active measures Charlotte, North Caroliua, is being repaired wiih the insurrectionists without an injustice Sud placed in condition tor melting Aud assay- to the Turkish government, which had scrup- ing the precious metals. It will be uuneces- ulously respected our national integrity and sary ever to execute comage at Denver or refused recognitionof the rebels when other Charlotte, and the branch mints atthose points nations gave countenance. should be converted imto aseay offices, and ‘The Asiatic squadron is still under the com- thus expenses reduced. mand of Rear Admiral H. H. Bell. The Director also recommends the repeat of In consequence of the domestic troubles in | the coimage charge. the tax on bullion, aad the Japan, and to prevent interroption of our open- Tedem) tion of the cent coinage. ing commerce with ‘hat country, and especial- Ab &ppropriation of ten thousand dollars iy in consideration of the nations) importance ‘was made by Congress on the vst July, i866. of the recently established cemmunication to enable the Secretary of the Treasury to col- with Asia by the Pacific Mail Steamship Com- lect reliable statistical information concerning papy, one or more of the vessels of the Asiatic the gold and silver m: of the Western squadron is constently maintained m the States and Territories. Under the authority waters of Japan. | thus conferred upon this Department, Mr. j. American commerce in the East suffered Rosa Browne was appointed special commis. some detriment during our civil War, and oth. | sioner for the mineral regions west of the ers have profited by our misfortune. Prussia | Rocky Mountains. His prelimivary bas, within & few vears, become conspicuous Was submitted to Congress on the 8th of as ercantile Power in the East. Satling uary, 1867. The discricts of New Mexico, fing are seen in every port, | Colorado, Montana, Dakota. and Minnesota receiving freights at lower rates than are of- were assigned to Mr. James W.Taylor. whose tered by eitner American or British ships, and Teport was submitted on the I3thoi Febraary, | Germen merchants are securing a thriving 1867 No detailed information respecting our | business in that quarter. Apprehensions are mineral resources, the nature and extento’ | expreased that we are not destined to recover the mefalliferious veins, the mode and cost 0’ | the prestige of our former successful mercan- Working the mines, or the yield of builion, hag | tile marine in the China seas, unless it be by Previously appeared in an official form. Lit- | means of steam vessels built for that trade. tle was b Bof the local rujes and reguia. | Particulars are given of the unsuccessfal ex- ractical fect of federal legisia. | peditions against the pirates of Corea and For- | ticn on the subject of the mineral lands. Tre | mosa, Who murdered the crew and passengers value of the information contained iu these | of the American schooner Sherman and the ts Dave been attested in a marked degree | American bark Rover. by the public favor with which they have | The experience obtained demonstrated the been received throughout the Atlantic ang | inntility of such &n expedition against a savage Pacific States. evomy im a wild country, by sailors unaccas- | je the prospect is generally favorable, | tomed to ambuscades and bush life. No troo} aod an-ney of the mineral deposits | could bave exhibited more bravery, bui t! attested by indueputableevidence, the losssu,. | warfare was ove to which sailors are not tained inthe treatment of toe ores is Tepre- | saspted ‘ ® nied as @serious drawback to the Prosperity ‘The causes which rendered expedient the | Of this great int tinuance of @ distinct forcein the Gulf of | The ‘Speciat Gomtiissioner Tecomen ds, as(h ¢ government in A copsolication of the squadron ander mmodore Wirslow with that of Rear Ad- | Birei Palmer was therefore determined cpon in Aprfl, and, in pureoance of instructions then issued, the transfer was made on the 2d | of Mey. This transfer dis] of the last of equadrons which Our civil war bad calied intoexistence. it bad been retained 8 4 distinct force two years after All organized | Tesistance to the Government had ceased, consequence of the peculiar condition of af- fairs in the neighboring republic, and moi from Spy Gisturbance within owr own territory. date of the transfer. Kesr Admiral Palmer bos had command of the whole North tw Ppotot, west of tae Rocky Moun- | even ff pot Grrested wotil after tusir term of |B alence of yel bave been withdraw vailed to & crest extent the carrent wear »! the Guit and through & considerable poruon of the Weet Indes. Preceding aod attending the surrender of Vera Croz, great judgment and *xbibited by Commander Kor, mander stationed at that judgment, in concert with that of onr consul, the surrender of Vera Cruz witheut disaster or blood+hed is attributed. The paval statin at Port Roya! has been discontinued, and after shipping toother places most of the movable naval the remainder, and of the Point, bas been effected. Key West has been made (be principal depot tor supplies for (his arly in January the Kansas, Commander Wells, of the South Atlantic Squadron, left Montevideo tor & cruise on the west consi of Alriea. Tois vessel visited the Cape of Good Hope. St. Paul de Loapdo, Benguela, and Lit- tle Fish bay. No American slivers were beard | of at any of those poimts, and from English officers, met with along ‘he coast. and from the Governors of Loando and St. Helena, inform - ation direct was received that the shameful traffic had virtually ceased. The North Pacific ‘w fever, a nomber of the versels This disease has pre. Place. To bis good roperty, 2 sale of miidings at Bay Squadron remains to command ef Kear Admiral H. K. Toatcher. els have been employed the year in watching and protecting the per- sons and property of our countrymen, and the ‘Welfare and imierests of the United States in Mexico and on the isthmus, where war and id disturbances have threatening, or have to a great extent prevailed. They have aiso deen engaged in surveying and explori ocean, and ia visiting Possessions in the North. kawannua since her arrival in the Pacific bas been most of the time cruising among the Sandwich Islands, a locality of great and increasing mterest apd importance. In May she visited the French Frigate shoals and brought to Henolu!u twenti officers and crew of the Dantel ican whale ship which bad been wrecked Recently she has been engaged in examining and surveying the islands, reefs, and reported dangers which lie northwesterly Sandwich groupe towards Japan. Many of them have not been surveyed, nor their pos ed. “The acquisition of Roussion Amerie will call for more extensive operations on the part of this squadron, and, with ovr increasing commerce with Japan and China, and the rising impor- tance of the States on the Pacific. 2 more tbor- ongh exploration and suryey of the Nortn Pacific ocean is neceseary piormation ip regard t territory is wanted, © Admiral Thatc or More of our naval most important pointe, to and report in internal ¢ificulties the North Pacific T recently nequired seven of the ‘ood, an Amer- e newly-acquired ‘Was instructed to © amoung the detail in regard to the topegraphical and bydrographical condition of the coun! s barhore, production minted at so inte a ‘od that but little ewa be accomplished uatil Heved of the comn Squadron by Kes ohh A. Dobigren The continust f avd the republics of Ch Lot prosecu'ed he war berwe usdron and render ‘d itexpedient that the veseele should ri he coast snd by ices Admiral Dahi- ephred to furnish what. cur citizens needed, waicbed with intere ever aid an and which the Yhe cruise of the Mis ard ber return. and ct the M Francisco. sre tonomoh to Lerope sadnock to San i remarkable voyage: ken by turreted iron-clad ¥ encountered every vari-ty of weather, snd under ail circ to be staunch, re! The monitor typ le sea-goins of vessel has been ructed primarily for harbor defeuce, and contemplated that they wonld do more than move trom port to port on our own coast. These voyages demonstrate their abil- Ari of the world. and it is be- enced MAvAal officers that with jons above the water-, Lo way interfering with their efficiency in ac- tion, they will safely make the longest and t difficult voyages without convoy eam, turretted fron-clads, and fifteen-inch guks pave revolutionized naval wa: foreign governments, becoming sensible of this great change, are slowly but surely coming to the conclusion that turreted vessels and heavy ordnance are ecsential paris of an efficient Nghtng navy. Four new ve. ing the year ity w go to any aied for improvements dur} the current ssels have been iaunched dur. | te. S eoxionnian wo Hed the Mosholu, of 1,445 ‘on! New York, ou the 22d of December: the M. at Kittery, on the 3a of July; we Pusbmataha, 1,41 tons, at PBiladel pbia, on the thot July One, at Charlestown. netenka, 2.4% to: sand the Nantasker, on the 15th of Au- The stesm machinery is more vessels o) tention of th consiruction at present. found io be more serviceable and convenient tor general purposes, and tbe buildiag of four 4 Uifle larger than’ the } omple'ed jor seven but it is not the in- to commence their A smaller vessel is apiasket Ls been the Algoma. at Kittery; the Aias- at Charlesto wu. aud ihe Omx. at Philadelphia. ‘There are several vessets on uie stocks at the different yards, pon which work bas been wholly suspended, and in allot which some | portion Of the machinery Das been placed, ‘The experience of the last seven years Ras demonstrated the importauce of more exten- areas aud greater facilities at the navy ction aud repair of naval Our navy yards yards for the constr Vescels and theirmachinery. re too circumscribed tn (herr timits as weilas too deficient in (heir means to buiid and sus- tain a pavy which js at all commeusaraie with our position and ch More enlarged accommodations, Work required can be better, more reliably, Abd, 50 1ar a repairs omicaily executed, should be provided. Notwithstanding present deficiencies, and the uniipished condition of many of the shops and buildings, Congress omitted to make ap- | Proprmations for improvements in any of the Davy yards for the current vear. quence of this omission the e ¢d under that head for the ensvingjfi-cal year, which will close on the 30th of June, ind, are uecrssarily increased. The Naval Academy continues under the superiniendence of Vice-Admiral Some additional facilities are needed, both in the academic and s'eam department, tor whieh estimates have been submitted. ‘A further ¢ of land and the erection of additional | buildings arealso desirabl acter among nations. involved, more econ- mates presant- The department | of patural and experimental philosophy, pecially, needs enlarged and better accommo- dations, And the discipline of the academy woulda be much benefitied if all the oflicers conid live withia the gronnds of the tion instead of being compelled to occupy very indifierent quarters outside. Two con- ave been completed during the year ata moderate cost, and the erection of ten more is recommen ‘The graduating class the present year num- bered eighty-seven. ‘The naval apprentice system continaes to receive the speciul care sind atiention of the department. and the results been more satisfactory than could have been reasonably auuvipated at the time the enlist- ment of apprentice boys was revived, about three years since. as seamen does not cease with their transfer irom the apprentice ships to sea-golog vessels ‘Those in service on board our inen-of-war are being educated aud prepared for the higher du ties of seamanship, and such as identify them. ith the navy by twenty years’ service, become beneficiaries under the act of March 2, 1607, and are provided for in age. The anthorized annual number of appren- uces for admission to the Naval Acaaemy, though this year increased to ten, was selected without difficulty by competitive examination from thore who were eligible under the law, | overs, Who Were nominated from | the scbool-ship by members ot Con; passed the required examination. Atiention 1s agatt venient dwelling: thus far have of the results which were attained during the jon of the boys fer service commitied to the of the public lands were disposed of. This dary of Oregon wh: goniluence of Owyhee with Soake river, to }°66, are represented te have been one million that approprianions be made for the survey of cents. itis vited to the importance of legislation to improve the cendition ot our seamen, beth in the naval and mercantile ser- vice. The longer a seaman centinues in the navy the more valuable he be. wortby of consideration whether in lieu of the bounty now paid for the re-enlistment of those ‘who bave been honorably di addition thereto, 3m increased rate of monthly ‘wages may not be advan ry honorable dischsrge, so that for those who creditably serve their enlistments the in- ducement to continue in the navy will incrense | wuh their years of service, un! | they are entitled to retire upon half pay for | listment Of twenty or mere years a8 now provided by law, their compen. tation will be such that their half pay them 8 comfortable to accept it in lieu of a Additional legislation/ts also needed to retain | the services of those who voluntarily enlist. Punishment cannot now reach a deserter ex- cept by the tedious aud expensive process of a it is suggested that a more ‘way to deal with deserters be anc that they be by law req: full term of enlistment exciusiy, jtageously given for of such soldiers there are on the rolis the names of nine bundred and ninety-seven; of these, one bundred and nineteen were married repay the priacipal at no distant period prior to Ist Jenadry, isu. = fivally, when life, after an Prior to the rebellion the momber of pensioned at the Naval | court-martial. ‘wo dropped, trom variove causes, teaying on Union “Pacific Railroad Company bs xico crased when the aitempt to establish: \ to serve « of the time they may neve adsemien! themeriver, | CiRstes Was six een millions four Boedred and forty seven Rousgnd eight RanGred an¢ | wen - Mabbe ap oried Sravect.wmrual ® ocoliars and tweely4Wo Conta and im War cigbiecn millions rd ee red mm #8 is Bow pro’ sad that they be liable to trial by cow! enistmert bes expired io ——— {is alo recommended that for the purposes | Mity-six @oliare en: 7 " he naval service theage of sulisted perrous, | incloaes axpences ebureemen! c ‘oTm to at the time of enlistment, skull be During Whe year «1 — y~ to be thrir trae age, and thal persons who | there were Sdmiied cine buedred wn 7 Cecinred themeelves to deo! the requisite Jour epplications for bounty Ind warren A} not be discharged by any process of Tequiring one BucdFed And forty -rigd! thow. Court, eliber State or Federal oud nine hundred and sixty Seresof ined ww The act approved April 17, 12%. appropri- | eat sty them . 1762, te Bred thousand dotiars for testeng thr usr The pevsion set of July 14, © ourcieues 8s 8 fuel under marine boilers. co mprebensive aod Monificen! ever Made vy te series of experi ia hax been vy gOverDmeEnt fOr similar purposes. The he New York sna Boston Davy "Cministraten Of 16 prov.sions evinced the several eosentins ® very full ity entitled @ pre- maton gathered is given chief of the Purese ef Stenm Pmginesring. ‘The conciutwm arrived at ts that convent be lors of a right band sod one readers ence. comfett, health and safety are against fufteyer entirely and permaneruy Deipiews, the Ure of petroleum in steam vessels and ‘hat were rach recede! the maximam som Tae te oply advantage thus far shows is a not actin [ais regard has been wearily changed, very important reduction ip bulk ana weight one it would be difficelt to suggest 2 more of fuel carried fquiable rule (han that which now #7 ists, at- The nava! pension fund bas been increased | though if is subject to the snfirmaty of ait dUTIDE thegyear Ope Mullion two bundied smd general esactwment, and Ocessonsliy faile w@ lifty thow-Aod dollars, makmg the aggregate make full provision foran individual onse. at (be present time thirteen million dollars. The sci of Is62 wae enacted in reference to This amount having secrucd to the Uniied ‘be then existing war. it was confined to dis- eases contracted of wounds received in the pledged that it «ai milatary Or BAWAl service, and in the hae Of fund for the payment of pensions to the offi. duty, after March 4, 1661, and deaths resalung cers, senmen and marives who therefrom. Hostilities Rave ceased Seore- ted ‘to receive the same.” y Brew ubmite (bal ac amenamest tha: if the fund sball be more than sent, should be made excinding We allowance of @ tbe surplus spall be applied to the making of prnsion by reason of death, the result of dis- further provision for the Comfort of cisabled ease hereafter contracted, except upon the oc- officers, seamen and. marines. To partially currence of a future war. comply with this requiremen| March 2, 1567 sion in lieu o' the act of ‘The Secretary recommends ‘Ban amend provides for giving s cash pe Of the law as will exclude from its bene ~ home at the Naval Asylum to e Widow or children of an officer of the , thoee who have been twenty years ip the ser. srmy who shall die of disease nol contracted, vice, and @utborizes relief for a specified rime OT {fom & Cause pot Oocurring during war and to 'bose whe have been disabled after ten 10 the Hineot duty. The same provision should years’ enlistment. The benefit of this act has be applied 10 the navy, With such modifica- thus far been given to but sever persons, and lions @s the ardwous and peculiar character of though the number may be canarney the service may, in the opinion of Coagress, cTeared, it is probable that » portion require. Our jegisiauon will then be te Bar- tbe surplus will be used im this way. itis mony with that which preceded the enactment recommended, there‘ore, that the pension laws of & inw deemed expedient during a civti war applicable to the navy be revised, an which the country needed the services of imerease in the rates of pemsion be authorized ail ber sons, and offered (Be bighes( rewards to as the fund will warrant. The entire princi- (bose who, on the field or on the deck, pal of the tand was earned by the officers and ied their lives in saving ber from dishonor aaa men of the navy during tbe recent war, and it death | ls eminently proper that its benefits shoutd be ‘The applications for pensions. not withsiana. enjoyed by those whom the war bas deprived | ing they bave increased in number by Teasom of other support, as contemplated by the of the recem! mo@ifications of (he jaws, have staiute. In this revieion provision should been determined with the atmos: ch, en also be made for pensions for the admiral, der tbe supervision of the efficient tot tee vice-sdmiral, rear-admiral, commodore, and bureau. other grades. both of the line and staf. now Vur indiar relations have assumeds sew Wholly omitted. It may also be weillto con- Sud interesting Sepect. The steady aroronm Sider whether the family of @ person dying of emigration lo the grounds Reretoiore de- im the navy after & specitied time of serv: voted to the chase, and the rapid progress of should not derive some benefit from this sur- railroads pomting towards the Pacific aad plus fund, even though the death should not traversing the country over which the Indines have occurred im the strict “lime of duty.” from Ge immemorial bave roamed, impe- EXPENSES AND ESTINATES riovsly demand that the policy of comceatra- The avaiinbie resources of the department for Ung (DeM Upon Teservauons shoula, whenever the fiscal year ending June %, PrAacticabie, be adopted 1-67, were - $117,944.06 1 ed Damber of Indians is about Expenditures sees FLONL Ot thowetad. spreading trom Lame — Seperior tothe Pacific ocean. Those east ot toe Mississippi, with few exception mencement of the present fsc Teservations, so also @re the tribes im PORE OF. ....5» vorth of (be AFEamens, @nd those loc The appropriations for the curreat ween the western border of Arkansas ang year amount to.......... os the comptry known as the “lensed | — Treaties were pegotiawed Inst winter with ree Making the total available re- itoss tribes, a sources forthe fiscal yearendiog its constatutic June 3, 16 102,165 754-6) K@Od fntth executed Leaving & belance at the com. ene (rides will 0* pro- There wes enrried to the surplus waded With homer. where they will soo0 Be fund of the wry, on the Joub come sel Aming, &s they eve wiready September, 1-07, at the request SOupied the Labite of civ! lived life and become of ‘he departinent su¥ 65.009,.40) OF @iliar with Agricultural pursa They wali thea 5 ¢ {rom us littie beyond protec- NOD Bgsinel the smtsUsION of the whites. Leaving ayatiable for the corrent fis cal year om the faith ul performance of our elipaiato 2 - ‘The wnoctnpied country weet of the The ¢+\imates for the flecal yeareuding Tune | Suri? fh vastextent ‘oat barge r a, Int, are S2 follows: T properly telected. at pow remor fr: Piy of officers snd menof the grest lines Of trevel, may be roserre 3 210,659,960 & Geiriment ‘0 Bay public mterest Long bavy sme de of em gration witi reach them, they 5 TOIL O% CaN DY equitable arrangement wi the im navy luditos, be redoced (o th dumensions reqair- and repairs ed by the Wan's of ou agmeuiteral pop- wie iOB Ko cx on of the time or expen ti Whely 'o De requitec showld be vnffered to de. few! An object of euch surpacing importance. Tbe cos: Wil be very incoueiderable compared with ‘hat ofan [nding war Hac! a "ithe of our outsyin militaryoperations agawatthe lodiame coring the preseot year been honestly “ane yodlclouely applied to parposes of peace, the becessity Of a rerort to force would Dive been avoided. J: t+ more Bmmane and economical vo subets! Ludiane ‘han to fiett them ‘The necer=ities of the service regmires tht enperintenden: shonid b> immediately ap- pornted for each of the Terivories of Colorade, The reports of he chiefs of bareams, and of '“hhO; Mentana, and DakoWe a sate he commandant of the marine corps, COMIN (pdr were were cintecn thomeard her hubded led stauemenis of the operations of thar {ert Werte were sixteen thousand five Luni eVcral Geparunents during the year, withsug- SP4 fo'y seven pag mcr y te Fang ap longi, nie: eleven thotsand sx Bundred and fifty Toe cbiet of the Burean of Yerdsand Docks | EY (1155) patents (including reiesuce and Tepor's tbe expendiiures for improvements CP IEEE! nieak (Lath) Ghemeaiicks teas te tepaiis inthe several bavy paras during Oh-@ and {Wenly-four 24) applicadias were he last year, and explains in @eiail the esu- | >on ed: but parents bave not issued thereon, mates for the ensuing fiscal year for improye- 13 Tejon of the Bou-payment of the Anal ments. ‘The immense expenditures for con- {n7€* owsand four bundred and eighty six Siruction, repairs. and for machinery outside "eM Were filed ninety -six anplicauous tor the yord: during ihe rebellion, has shown the °)'cB°lOn were recived. and eighty-two @x- seotealiy sor eokixeter sae wanes ead ensions of patents were granted pogreg ce OB BAG Sepiember 30, 1466, am ments, where the work ts more reliably and two" Ramdred and orente se ae see fconcmicalty done. Nothing was appropri- bundred and seven dollars and eiguiy-nine €or, and (bo estimates are consequently lar- °eDts. ger than usual For the navy yard at Kiver in pis last annual repost the Secretary a@- ws 1s asked; for the Uhariestown yard, | Sind ‘he repeal fmm y “iis ior the Brooklyn yard,coobrit | PSE ibe Tigh: of appeal trom the Upmmis~ for the caie apd preservation of the property 4 Ot Of tae oh ne setgee ot th the Puiadelpnia yard. $c} noting SE SUPFeMe court of this Districi.. Subse- Ueug usted for permagent improvements, in| 9beRt Teflecion hs Confirmed tie ‘couvicuen Flew of tbe proposed removal of the yard to S1,1n0 4 Poca bmg snen_procemted. J+ague Isiaud: for the Washington yard the pica lc Raitrosd Company at the eaUAtrs amount to $426.15; for the Norfolk 42% Of the last aunual report had constracted $646,1 - Toad 6 & pomt 'Wenty-three miles west of i. whe ove bundredth meridian of longitude. be- 1WO bunered and seventy mules wes! from ital pout pear Omaha. Simor then the | uns accepied two bunared and tie Watede of Maw ang | Wenty miles, and the Government com i Seports thet during doe peer cove | UOueTs Are acw engaged in ex: mining euother enty-threr vessels Lave been equipped for wer- | “Ompiered section of Lwenuy-miles vice. twenty-three of which have been wholly mie en Sy lee aan and reversal others portially. wire rigged. The ™i!%, &0d tbe earthwork will be finished to clothing vayal laboratory PA PEDEAE..... : ine corps. goverument ropewali at Charlestown bas as | “Ux Punt the presen: year * tied the hemp rigging used in BPA usted ACcoURts With coptractors not y.e OIMEE iD its MAuutacture four (aud Uwenty-five tons of Remp. The | °!8¢*<,) mounts, accor fthe comparaive suength of wire aud , Lemp rope, auc the reports of commanders of WiTe-Tigeed Versels are so sutisfactory that the bureau recommends the erection of a ing and the purchase of suitable mach for the mManulactere of Wire rigging. The chief of the Bureau of Cousiraction snd | “88408 ‘be Det enruings.... Repair reporw that during the Inst year the TREATS —— work at ile uavy yards has been mainly con, OB "be 2 of Gomer Suse Goverenseas ‘ae fined to ithe repair of vessels, The chier ot °*P'*. Upon (ke report of the government the burean recommends that steps be taken {CMM Suners. & secon of twenty miles of for tbe proiessiomal education of naval con- Se a eee ae. Eee, structors ceTminating at poimt ninety-four mites dis Two officers and several men fave died of ppesstaventy ’ . yellow fever at Pensacols. Thecommandant of A ‘TPM upon this road. dated (ctober =. the Marine Corps renews the recommendation sthoovetbeeemlg wangeclergr lenny Lago ot lust year that mew barracks be erected at ommissiouers. They state that tt crosses the Washington. a board composed of officers. 5 S!tT® Nevada monntatns one ered one civil engineer, and master mechanic, afters | [ve miles from Sacramento. a: an elevation of thorough examination, having reported that it | ryeR \Rovssnd ana forty-two feet abeve the is not expedient toattempt to repair tnepresent “*®. From the point where it was then batit In closing this report, Secretary Welles says | © = -- icis gratifying to state that, while the Tedne. en as ae tion of vessels in commission has steadily pro- | Mile-posts ‘here are fifwen tunnels of an ag. gressed, and while our squadrons are limited | frerate length of Give thousand one hundred tothe smallest number of steamers, compat. | iin Smiy SIs feck Daring ihe past year about ible with the requirements of commerce, the | THY miles of road have been io progress of protection of our countrymen, aud the dignity | COmSruction: the grenier par: lying oo tbe and power of the nation, the Vigilance andec. | Susere and western siopesof the Sierra Ne- tivity of our Baval officers, wit eir si it x but Caicient commands, have been such — The net profit of the road over operating: cause our flag to be exhibited in almost every expenses (2 (thirty-two montis the large important pori on the globe: and it isa sati.- [em Of cue million five a any faction to kDow that the demonstration o: a [bousand «ix red and nineiy-six dollars paval force h&s everywhere been eufficien: to | “Rd {Wenty-nine cents (1.550.606 Bs cause it to be respected, and to give security , Stee yerennenggnosie: « business opsra- to the persons aud property of American citi- | WOP* (be company represent tuat they have And expenses Ww... = paid tothe United States Government tor ee axes, stamps, Ae, the sem of two bundred a and eighty-eigb! thous@nd co far. (S2.000 ) PORT OF THE ETARYOF THE — At the cute of the Inet annual report INTERIOR. Vion Pacific Railway pany, eastern ‘This report gives a comprebensive summary constructed ite road to Port dred and ‘ty -tive (125 Tom (be initial point jast fiscal year, in the branches of the public pervision of this Department. During the inst flecal year 7.041,114.50 acres quentity exceeds that disposed of during the previous year by ¥411,S00 acres. iy miles, completing the road for a distance ot Contracts have been entered into for survey- ‘bree Lundred and five milec from said initial ing snd marking the northern boundary of port. California, Mat portion of the eastern bor | The aggregate earnings of the company for lies due south of the tn mouths and fifteen days, trom (October Li, the wortbera tine of Nevada end the northern two bundred and (wenty-six thousand tour boundary of New Mexico. ltisrecommendea bundred and eighty-three dollars and C= the northern and eastern boundaries of Colo- same rado Territory and the northerm and eastern ment amounted boundaries of Nevada. eigbt thousand The report of the Commissioner evinces lars and forty-nine cen: great labor and research. He discusses with cem!. retained therefrom is bis accustomed ability many questions in con- terest paid by the nection with the landed interests of the United issued to the compan; Staves fifteen days, six The isst soldier of the Revoiution who was eighty-nine collars and fifty-three coats, on the pension rells at the date of the Inst A table ts submitted sho wing thal (heamonat pual report, has since died By special act retained by the United States Treasurer. from Congress two otber veterans of that war tbat due the company on the government buri- have been placed on the rolis at the rate of five ness, for the month of August inst is wearily hun¢red do}lars per an Of the'widows eight per cent. annum of the principal of i iets Fe Of wars sabsequent to the Revolution and tinued to the saute extent. The pay: : i ‘Widows and orphans of soldiers was one thou- woe compeny to be fully assured, «0 sand three hundred and ten at the close of Toad is being Dutit, co far oa the govermment is last fecal year. 5 copeerned. sumply by the tome of ite credi: for During the year there were added to the a term of years upon amplesecurity, xd with- pber of pensioners of ali classes thirty-six out me nctual expenditure of a single doilar thousand four hundred and eighty-two, there trom the public treasury. were seven tbousand nine hundred and thirty- Forty miles of the rond of the Central 3 the rolis, Sune 30, 1967. one hundred and fifty. . accepted since ‘he jest annens ort, & five tbowsand four benored Gad coventyuteer. | goveTEment Commissioners o> ham eursena ‘Tde total anDual amount of pensions of al | 1h EXAMi: iDg another seston Of CWen'y milem