The New York Herald Newspaper, December 7, 1864, Page 5

NEW YORK HERALD, WEDNESDAY, DEUEMBER 7, 1864, SS ee . SITY Se enneenenmnnste ree! r) a8 om wey ry AAT eT Ty. 12 pae4 + hin aa j * IML etfoot ag ret the. limit of reasonable necessity, From! the resalte | has not ‘Bad the effict rather vo ,/imit than incresne the | f coin, rerardicen of st’ {"inry inflicted mpan the | be provided for, In fram. « te , © _~ —— pecomsa.parable. “ , E iE BUD CE T Airing ine erent ypare Ab eouqegron of tbe (et fh fperlecce, “ad well ag trom al tue TD | ptanainy thy appar eee tat tT Hy.OF esirable. 00h sig geened wie eee | setnion einer T s being provided for, bow Dy the act of £UKUs, 18A1, | formatted "received, the Beoretary te weth Coo. | Bins perentiy Jarge civen’ M wpe ebould de indtenee m f ir ee a jar the | io wed Under the authority o: the warwn's acts o Congress, | jar cal . eMoris Of all good Tr bY a power of Bubstivusion, Under the ced that much revenue was uot collected eaves oes andaatalads dint tanita in see.aR ey | patrivaic .eoromanity, acd im |e uate Oh all wood | prone wervar ee men were me und the tut ESI LT REPRE ° se borv excluded feam thik | 8 {tavertear execution of the law, aud more tl Citizeus Invoked to Chonteract em av'echs pata Tine 3, pee hg Aye cgro si nutes radeoms fraudulent evasion of its provin Time and effort | 80ned no ai embarrasamient in she ne | A law providing for the exam \!8FY -punistapent | required. Jt was, bowever, four’ m CONTINUED FLOM FIRST PAGE tstimaie. TOS amsutt Bf ROPE EY Oo se em hoped eecedy these nie tuk prentdograny | ime, This cau be acycanted for only, won | 4, nw providion for the, axa Hsohiight tend w | pond thele operation tore tine, the as feet ey to NO. ate ihe whole amount converted to | 2nd’ the coufiient. exuectations of ‘bo eho framed It | @itioa that lar.e wmovnte are carefully hed b : Vindicai, if i¢ could’ wot protect, the PU rikbta la | had been and were yet under the prose Bad wuthority to borr yw, om the credit of tho tbat dave le 3126°804,900.) be reared, In the meaaitine, uo effort shoud be ward | terrae exmuicing their couteencn ie de ot eery tnd should be, so far as py “ébe War-Tepartment, sud the neo uctry, prov iaton orn yw, $12 900.) ae oor value at the impetus given to trade of every ae- ot whalever succes meet weltwre nad been aiforus wee foxy slaty a AD get a ed aes enn 20h o Perfect fh, us tar as possible, and uo experiment + : imaretus given ¢ on Hut whatever success 1lzbt & ( ; Tuite tet ths act of siaicl Be Jed, eo ninch of | | Stated in Loo sual form, Dy tring the acteal receipts, | inc:eane iis eficency, af which tare ia.a reasonsble | BUDGE 07 te Tiree ne anced umount of tec aiatiog tm coi, OF qupervision, ‘Zhe’ urresy - ‘$42,500.000 advertised previcusty to Suud 39, 1604, 08 | and exyeaduuees of tbe firnt quarter as a disttact baste of | hove Of Succubs, & od ue Nett uatrids Tubing meiiivm, AGL8 of prices teuds. hropertionuiely iA Ml ebyious tee 0 jon eee ee 8 had uot been awarded to b . $52,499,100 | Calcuiatiun, tbo result ie tbe sac In connescion with the subjcct of increased taxation, in the carne direction, Febeving, however, that with tbe | licemmand a price 7 oars Je to the volume of eurrepey Ly ctave fT vorivus forme of credit, the whole | wity arises. fron , was witt | for customs dutt ry felt bimgelt com poncing the o the meamime 19. allow toa they bad been. onder military Hection of maid aot anth f Mua current year ending seplembsr 20, 1864, : Quarter of tho crrene ya by abo bouks of wae dreasu’ | RA the vecessity of providing additwnebsevenue from | LAree atvition, f ry, were os ytows: ordinary sovrees, the Secretary caenot bus call astention ~ of e i From customs. ‘of Cougress to on? pablic domain, and more especially to) BMVULA far ex d the d der the act of much as had mot becu sup paid into wheTressury, viz...... diivder tbe act of June 30, 15 extreme » great embarrasement, After moth com eidoration, wover, a keries Of ra d Aeverot ageore have been & " ve ew 1ced operations under the lavt bet polot. Vent is Ro recent thas no enticient time haw relindle opnow e in. nowever, of tae the hopes which may Liwe coopidercom@ reveote to the from this sonra wr& realized or not, Receipts from all sources excepting loans. 94,054,987 73 tho ‘Treasury July 1, 1864... 18,842,583 | For tbe three remaining quarters, end. ing cathe 30th of June, 1665, ihe esti- TOtal....cevceeeeee mates a . RECEIPTS AND EXPENDITORES FOR 1883, From enstome + $51,000,000 00 ment of the receipts aod expenditures, esti. | Internal revonue.. . 203,000,000 00 tual, for the vear ending Jue 39, 1863, will | Lands .. 30.000 00 show how this balonee in the Treasury ig obtained, and | Miscelianeous source: + 15,090,000 00 ‘the increase of the pubsic debt durjng the year, viz:— MENT 10a reney. In (tho opinion of the On ageuming office upon tae Stn day of July lost, tho’| pledge ehowid not be violated; a Secretary found b's condition pecu! enbaress- | could only be vindicated hy one of 4 ing. ‘The cash balance in the Treasury was, oR } ties whieh justify @ nation in temp tha 1st of July, belore stated, $15.8 tigations m order 40 preserve the unpaid requisitions on the 5th were the amount of cortilicates of imdebtedne: Was $11,796,000, ‘Loe daily expend: dat less toan (wo and a qua gh : that portion of ouner ly Le ree a raneuee ole From inde, hat partion of It bounding yn’ tha peocious aud je t Mary Fels hue _ f Pe cn cone Spars siti ty og pom wearin metals, wbloa. bs. the policy of the government, has Dees a i coplege Wi are open: nek es who foreign exchange I @o not pre asu'y, with the bess rod a m.tre- As : : roserved to the uation, Te cau dd tittle, however, od © ent com- mand for duties © rts and t oF deemed and caveehed, and which the Secre- From joternal revenue. these 7 pooud interes! notes unde the act of June 30, 1804, and 7 * ~ ® : wed 4 1886 points to what bas beru heretofure so ably set forth A he ect of Jui oy er rent on @ large portion of tbe p ¢ debt £0 r Gar preg, Sathbeized “00 ‘voninaa by. motawisi 0 From miscellaneous sources. by bis predecessor. The szricuitural region has, hrough | eved te that amonnt to @ email extent. Lui the | far jdentiesl that ose we acpenvent nen the other, The | ap vnds placed at the dip3oral of the apgg REEF BPI Ra. of Jane GO) 88.» 290 eee 1 |, Yosal receipts hive enor asice of" the’ tecasatena tae. elena to | neo ty of tue hour Lett wim Ho chica, and te will uow | laws enthrt-tng the "knue or Secret WY for that purpose was, however, 90 limited Jeo seseneee affurd.a direct revenue, t be the opinions ned to stute the coudition of financial allxirs whicd, | tm coin, specifically p.edged the rex <eoperations cn a eagh basis werecut of the Total avaliable resources under laws au- an Add balance in Treasury Ju aciadal 3 to the good elects of this Iawe | 1 Bis judgment. rondared such action imuerative. ear tha, Calman Gaek ‘inthe OFAN 8 Oe te opauboatorey thortv aie baa pe apt ate or pational potat of view, (0)| SSCRRTARY YEK@KNOKN’'S RMUARRAsSMEMB—THE GOVERN | the collection of those duties im ovalerred by this provision of the stasate has been at is not probabie that any expression of those onicions would tend to eifect any material change or movitications., Possibly, had the strucgie which the nation t” vow engaged Deea foraseen oF apprehended, Congress might have deemed it prudent not to adopt a system which renders so large & portion of the public domain unayuilsbis as a basis of credit, either by way of pledve of its proceeds or an appropria tion of these proceeds permanently to the creation of & Fo this may be ¥_postpoung wer to ai 08 Thy | i 814.000, | standing | given noone an could pot be war for such @ millious. The | crease of the p ntinuance of Lue bof time w@ wonld involve the in debt to the point it hes already at | b RECEIPTS. TOIL, . 00000 cocesssese + -$269,030,000 00 | sinking fund tor the ultimate redemption of the public riion of unpaid itioos was for pay to the | tained, or the possible payment of interest in colo to am | covernme: Estimated, Ad Total receints trom ordinary sources, ac- Sedt. “In either aspect tuat domain might bava been | *7MY, nd the Secretary wag obiized to look torward to | amount bey a the ability of duticw on Imports toxnpply. | the inc adwantages of gw@ting to market From eustoms.., 102,316,152 99 tual acd estimated, wilh balance on mado to render material sid: but !t may still fairly | &% increase frora the wame quarter of over iifty millions | Ts will be noticed, however, that our annual coin F & considerabie supply of the oourts reterred Lands.....+ a 658,383 29 hand July 1, 1864... 4 }63,354,947 73 | be questioned whether and to what extenr suet hag | OP the Int of September, Thus situated be could | now oxceeds § 6.000,000 jould the wddition Wo would compenaaie acy ef ; by the govera- Miecelianeous ...-.5 5,64 7,511,488 10 | The expenditares for thy rter, not been aifurded by (he iaducements olered to an iormi- | BOF avoid serutiniziwg, with some auxiety. his | required for the expenditures of the prevent fiscal | ment in that directina, A yo rules ané 4 = 75.648 06 ing Sepiem ber 50, 1804,were as follows: — gration which is daily augmenting the resources and probable means of meeting these most pressing | year pe raved upon bonds bearing interest in regulations ae received, together with thors reiting + 17,699,713 59 109,741,134 10 | Civil servico., $8,712,422 51 | power of the.repudlic, With regurd to fis mineral lands | cl‘!ms upon the ‘Trensary, and also providi'« | coin, aud tho revenne from customs not exceot the oett- | abandoved lands, homes and tenemeuga providing tow oor the additional daily expeoditares. He could | mate predicated upon the receipes of the first quarter, | the care and employment of ‘reodmen sand tor the par - The see 4,935,179 BL veces 286900288 62 - 85,292,916 49 the question fg f ved from this embarassment. These are sti!l the property of the nation, and may be disposed nowhere but to the receipts from ordinary sour of as Cougross shall determine, That they should yield | 804 to the power to borrow money unter existing lnw! f the cole | Srom cusioms be could expect uo substantial aid, aod Pensions and indians. War Department . Navy Department it i& quite manivest that resort must soou be hed to some | chase of products, are appended to thitt repert. other source of sinply, or recourse must he bad to the | Secretary has great satisi@otion in startrg that all ox irities of adiflerent chacacter, It could peures convecred with executing the ee. ernl ects re sa, $160,250 ,460 it Total... 092,717 44 Add bslance Jaly 1, 1863.....+.-.. 6,329,044 20 6,820,044 21, | Interest on puvlic debt. 19,921,994 48 | @ revenue to the owner independent untaeaionianan —————— — —— | Interal advantages derived froin individual enter- Ube rovurus for the first quarter of toe yald etand oo a | stricting commercial intercourse bawe beet much more Agerogate. .....-$161,563,500 35 965,961,761 63 Tots!, exclusive of principal of public prise im extracting the precicus motaig would | Sow thet, beyond the revenue pledged to pay the ine } ch is payaole | thon jaid by fees arising under tue reguiatwans beretofore ks Bslimated receipts Pal eee a ee (++ +$353,061,861 31 | geerm to admit of no dispute. On the one hand it may bo terest upon bonds Issued, nd to be issued during the | vaine sbonld be giv adopted, {rom loans. 694,000,009 00 Gi8,114.884 92 | For the three remaiving quarters the es+ eaid that to soll thei absolutely ts wo part with am une | )° 4, comporatively little wesistance could be derived nigh rate of interest, or their » OMS HUNDRED $1,000 nowns arinerne. Toupee peshtilt Sebbieiniay timated expenditures, based upon appro- equalied and inexbaustable sonroe of wealth and power, | fon this source, meot should be recared py ® 8 Hen upon reveune. While the Secrotary bas creat pleasure in stating thas, Total .......2+--$755, 598,500 35 884,076,646 67 priations and estimated deilciencies, Ube control of which should always remain ia toe bands With regard to Internal revenue, the Secretary | In view of the serions consideration presented by this | 80 feras his personal knowledge exiends anc £0 far as Be ‘ EXPENDITURES. are:— of the government. On ‘otber, tuat all attemprs | felt more encouraged, Congress had wisely pro | question, whether as allectivg the market value of | 18 informed airs of this department have becom Estimaved, Artual, — | For tho civil sorvies . $26,852,489 47 | hitherto te realize any consuierable amount of revenue | Vitel for @ tare increase of internal coin or the ability of ernmont to moot its 1d duriug the past your, Bor civil service.. $04,27,511 62 2,755,699 46 | For peosions 6.516.595 72 | from xny system of rents bas proved unguccessiul, Ik ts | DY .® jaw which went into operation apecitic Interest, should the war continue, {ram the reve- ci arred of w puoful charsatar, involw~ Persions & Indians, 7,940,314 8L 7,517,030 97 617.479, 984 to be hoped that Congress may be abe to devise sure | 1st day of , Vader former laws the amount recelrad | nun now sie appropr: ted te that pu the | ing a possible joss to the governmont amt sending War Pepartment.,. 985,479 511 1b 690,791,592 97 169,920, 644 mode by which these lands may be made | bad been steaciiy increasing during the three precoding Ary is forced’ to the conclusion that we ehould im | to excite suspicion ag to the iotegrity Of some Navy Vepartinent. 112.7 9.156-60 $6.783.292 17 | For interest on public debi 71,889,160 70 | avoilabio to an extent in some inet moasare provor. Ds, and io the nth of Juue had reacned vory wre rety, for the toart, upon securities bour- | porson or persona employed im Cia | its ope- Jusecest en debt... . 69,165,130 38 63,695 421 69 een | tiomate to” their yearly production, ‘Tbe question y ‘fteen millions of doliars Tho ary cont: | jng inteest in currency, convertible iuto bonds. t ravion Om toe oth of June Inst air. P. Bail Platts te me Ue i Total of expenditures, actual and esti- fe one involving” a knowlodgo of the sunject | 2eatly hoped thay tor July and the eu Interest of whieh ta pe © iv colo, Notes bearing an ref Clerk end Saperivtendent of the Lesa bran Total... +++. $1,099,731,960 42 805.234.087 56 Ce ern «soe 81245,720,195 75 | which the Secretary does rot vow possoss, and requiring: would reach, if it did nt excoed, the daily ff incrensod aie of interest, payable in currency, redeama. | Covnected with the Secretary's oflico, addressed a lever Dedvot estimated. 350,000,000 00 Thes ‘nates weiude’a'l unoxpended appropriations | anamonnt of study and reflect! D rhos far he bua | ree quarters of a million; but this nope, M realized, | bie in three or five years, and convertible at maturiy | 19 tho Secrotary wating thatone hundred beads. par. ir see from former yeurs. and there may be deducted, ad a | been unable to bestow, The #tvention % ‘id still leave Dim with «very largo da: | into five wwenty di#, would bo preferable, in the judg. | tally prepared for iesne under tbe acts of July 17 an@ otal 9.731.060 42 probable rnexpended batanee at the close of the year, | Vited Co a paper on that ant iieney, 10 weet which, im part, he might issue | mentor the Secretary, 19 any other form of security, | Augunt 6, 1:61, Of $1,000 each, were missing, und Do traee sraafaweec . $6. 338.539 83 18,942,553 71. | $350.900.000, leaving the tots! smonot,aciual and esti- | of the Secretary whieh gecom: ; ritieates a Ide btadiioas wo paplic ‘editors. | Te atlong dates, the interest of whica ig payable ta of see val Me fost. 6, ey were a baeee ey ‘atime’ anaes “Ol, S50: " | nec 995,729 13: u ering pera t was dosirahle, however, to ayold, could other moans | currency at sk wont en ye, wad | 3430) 400 juclusive, and were a part of owe 3 pated, for, the oursene year $809,720 .139-76.” Deuuetine | repayiepialeniive pera. | bo ioand eT Mitgamiainorentie 4 | gand transmitted by thr Nationa, Bank Note Corspany om From actual receipts Trom loans. pagoct balance on hand July 1, 1864. it RAPANLISIENT OF A SINKING FUND. | The act of Febru sry 1862. provides tbat the coin , received for duties on iinports shail. after paying interest | on bonds and notes be anproprinied to the purchase of | one per centum of the public debt, 19 bo set apart with ite accruing fiercest as a si-king ftmnd, ae the Secretory miyot, from time to time, direct. Ait experience bas proved that tn. time’ of war, when expenditures must largely exceed receipts from ordinary and larve sums are borrowed ip each year, the | Res, from the total of expenditures, actual and estimaced, in $512.274,188 02. Tie DEFICNENCT, If Congress shoulé adopt the measures for increasing the internal revenue at an early dry. the Seoretary be lieves there mav be adied to the receipts trom that source $50.000,000, which being deducted, there would remain to be provided $49%,574,138 02. THR POPEO DERT. ‘The pudlic debt, matured and maturing during the increasivg the amount of those securities. He | in the end involve a much Wo recourse to the power con‘erred t Vf 1664, to put an addivional t notes Bou the market, and eve} THe #ETEN THIRTY NOTRA, the 26th of September, 1863, In bis letter to The seven-thirty notes authorized by the act of June | the Secrevary Mr. Bayley states:—"'! have ovhausted nd row offered to. the public. present as many | all the resources at my command in endvavor' y come FIxty millions in subsuite ¢a# auy form of currency security, noiting a | 10 find them, and nothing is loft for me five per couts Issned under ths act of diareh 3, 1863, | high rato of interest with convertibility, At the pertod | to report the facts,” A. strict inquiry a> to ee Waich had coon destroyed or were renty to be destroyed. | of their maturity it mav be contidentiy beliaved that | the ‘acts connected with the affair was iminadiately Flushed as the money market was with circulation sui | the conntry will have been reetored to watate of socart- | fostituied, but no light was obtained jurther saan be clawtly at least to meet the saity of busi | ty and peace with ail disturbing elements quieted, and | Show that, on the 20th of September previous, air. ho was anxions, {{ powible, to avoid | resourens incronsed and ineroasing, its strength con- | Bulley sent tbe bends in an open basket, with » weight doubifal an expedient, Th prospect. of | firmed. and b wo ab 1 its obligations | placed on them, by two messengers, one of whom wae d eo prosy firmed. and with ample ability to meet all obligation ae olininte Cnustantohed character, to the Rog there wiii re ‘shows the amount received (rom Joans applied to. the sorvice of the yoar end- ing June 30, 1804... 244.6 oa The stutement may be more intelligl- Dle in auotuer form, as (ollows:— Actual expenditures tor tiie fiscal year....$865,234,087 66 Deduct recetpts from ordinary sources an balance from preceding year 205,981,762 65 509,272,996 21 Balanve provided from loan’ a) year, is us before stated, $163,353,320 09. From this | attempt to establieh a sinking fund mvariably fails, Ibis, | 5” fervice of the your. 609,272,826 21 | Ty ve. ueduoten, as: likes to bo provided for by wow | la fact,simply berrowior to iend aes For thie reason, | Nezotiating a lown fu the ordiuary way was by no means | {rom ite ordinary resources. ally pe A peor ilt pes certificates of Indebtedness, 375,000,000, Add this eum | No vttempt to carry ont ibis provision bas yet been mare. | jAtering, s9 tne noticg fora toan of thirty tive mil: THR NATIONAL BANKS. Palin oe shee ee ee Te eee iy stated, be a by 88, $75,000,000. Bo ebamus ty, Aching, however, when the present | lidus advertised on the 23d of June bad been witkdrawa | In the report of the Comptroller of the Currency will | received the coupon be y Site twenty bonds, act Feb. 25,1862. ( } to the balance te be provided for the ex Lm raha d Benteelayt tie : y having ro-son tobe. | be found statements of the number of nationn! bunks | objected to taking charge of them on the ground thes $821,557,283 31 Practional curreucy exceeding amouvt re- there was no plice in the office where they could be safely kept, and requested that they mignt be takem back to the loan branch, where there were cond: safes, unnatural condition of ailaira may ve expected to term} nate, it is well to consider whether rome legisiation, port divures of the year, viz-—$482,374,188 02, and it kes the whole amount to be previded from loane {be taken on terms witich | orgavized since his last annual report, the States and © Interest of the government Lo accept. | Territories wherein organizad, the amount of capital paid m oemed....seeeeee --e0% 2 5 | $570,727.608 11. Bntas this would include so moch of | poning for a timo the operation of tho provision referred ‘ix percent bonds, act July 17,1861..... 30,565,875 45 | The exiating public dobt t mn ‘oding | to, and desiznating m board of officers as commigsion- | Uader theso circumstunces tue Secretary thougnt it ad- | in, circulation, and bonds deposiied. The statement ex- atte consulta ‘Ten forty bonds, act March 3, 1504 79,331 000 00 | Soreimentes ianued withia the yoar vie $09,303.90 09, | ra Of tbe sinting uod, under prover regulationg, may Visuble, 1m order to meet growing emergoucies, to | hibits a large’ and rapid increase, and demonstrates the | 37. Bailey was gent for, ant el tat consented arrow vpol yon or m b the ypul wf th Ti a e pon bonds or not, and aut d_ bythe | popularity of the syatem. The rapid and extensive con- | toe oe tT, PRO Pee pack and deposited. fa not be advisable—their duties to commence at such time this sum is to be deducted from the amount to bo ob- ‘Ewonty yoars six per conts, act March 3, i various acts referred to, ‘itty miltions of dollars | version of State iustitutions of established character, oon. WBEB.c.e ween seen ue 42.141.771 05 | tained by loans, viz:—$57 wing t as the Secretary of the Trexsury may designate, Such coo! SON ists oven, sok Vob. 28, i862."-* 44,e50,sa1 46 | bed by Loans, vi2:—$670.727 508 11. showing, the pro. | 08 te ear etary Ac lent chow tuar the provisea forse | o tee banks in tho citles of’ New York, Puitsdetphin and | Gucted through a long series of years by mea of | the safe in his oMice, ane ttey ware scons “Une year five por cent uotes, ach March 3, $a82 314 188 Oe WhO aden age ng 260 480 40, | alvtcing food ie pot iurended to rveaain @ dead letter upon | Boston ,and met the represootatives of'a largo number of | recognized financial ability, into banks organized | carrie? pecs i A oe lg ree ye a new ‘ sz- 44,520,000 00 | SMa ‘mae tivo public debt om gule-1:165,'$2.223,003, | the statute book. When pence shall retura, and with it | tueso wativutions in New York, for tbe purpose of ellect- | under the new system, | could not, bave taken ee ee | ae ae oe + | 677 51, sub‘sct to such incresse as may be occasioned | the power to render that provision effective, should any | 1x that object. ‘The result proved, however, that not- | place unless after full and careful consideration as to | course of the day places Po oa coset > Lil 7 152,864,800 00 | OFT Faicounress not mrovide for additional covonue, or | further aid bo necessary, the Secrstery would respect. | withstanding a professed, and, as the Socretary was oon- | its safety and superior advantages. If it should mained. as was -oaage er lee by he ae should the income from ordinary sources fall short of | fully suggest whether euch income as may viuced, a reat desire to ald the government, these tasti- | be aaid that perhaps these advantages may be rather to | tor. They were called i Aer eee te bon 15,000,000 00 | fhe estimates submitted. received “irom the public domain, trom sale or | tutions were not apie to fornish the ansstings reyulred thoge individually interested than to the community at Ce a a TT saate i [ad ee hoe roe eakuaeaie upon the terms which, under existing provisions of | large, the reply i that @ single uniform currency, pos- ried as above suspicion, and nothing has mes pe of reuta and royalty, may not be beneficially appropriated to the same purpose. DEFICIENCY TO WR PROVIDED FOR, ae law, the Secretary felt authorized to accept. He had | sessing the same value throughout the whole country, other alternative than to issue legal tender | has been too jong a general object of desire to bave its mount, or again to advertise fr | importance questioned. If to this great and obvious ESTIMATED RECEIPTS AND RXPENDITURES FOR THE FISCAL RAR. Any estimate which may be made of the probable re- is amount redeemed.....+..+++ seeee 4,008,758 35 . aes —-—. transpired to elucidate the matter or to furnishany tm + +$730,642,410 97 bonds, dications as to what has become of the missin, Whole xmount..ss.s. “Hae ‘Bicka peseatinparpannente t0l Thad, exclusive af | notes to x very Lanz Of whica mount there was applied tore. ae oe ae eee rrabiatee pr Ei byrne tomieto Tins | the receipts co git See Soarclnithe etanarsanblow- f Joan, and he bad no hesitation on, 29 pret course should | good be added ithe benets to government 10 ite fuancial a Td fess Teter ager fencer atanl “ ® ment of public debt. ro oe 4 a ing are to bi idod, viz:—For the fiscal yeor endin, e adopter coordingly on tl tI July issned | operations, of being freed from uncerta! an ‘ - Sowhicn agicred, W iocron sppicadi'to 5 64 | Mone irezmtogiee Fema ugbenges te amit at Suke''38° haa" ga00 fet-on it; or te “Gpoat vest | }aponis for a national Ioan under the act or June 30; | embarrexnanls arising trom e currency over which i¢ | Seu nd SHAUN S00 PASSO coral aan pation wee *. -sgpenditures. vevee 618,144 : : ‘ ending J i9,621005 17—total, $1,040,- , upon notes payable im three years, with semi-annual | can exercise 00 covtrol. the advantage of any sys- . Deduot balance Juiy 1, i304. ~ Or b12 588 11 | Tevente may be calculated with reasonable certainty, it | SouinK, oune 8, ikea, Sand.cal Mb Ui total, $1040 | tovereat at 73.10 per ceotum per abaua, 1a lawiul mouey. | tem whlch will eflect these objects can admit of made of the Janvery CF aang We defer on is impossible to anticipate what the exigencies of war may require. Oa the one hand this may call for in- crossed effort, and on the other it may be confidently boped that tbe creat struggie is near jts termination, and tus, consequently, the estimate now submitted will prove iar beyoud the wants of the year, While any balance Jat 1864, $560,003. | He incurred a considerable expei m advertising this | no debate, ‘The Secretary was not among the 8 dea She Treeeary yaly, ty eee loan, believing that 1 should be as widely diffused and | first to approve the plan adonted by Congress, Additional logistation of $480,285,325 26. It will be a8 generally understood ag possible, and offered jiberal | aod which me to be receiving the popular observed that this balance is predicated apon contincen- | ‘ducements to stimulate the offorts of corporations | sanction. Time and observation of its effects have, ho: clea whieh may not ecour, end calculations which may | #14 individuals to dispoge of | the notes. Hie | ever, convinced him that the aystem, If not witndat de, deceptive. It woul f ‘ore, to limit | Success, thoug whit he for or contem. | fect, is bused npoo sound principles, and is entit prove deceptive. It would be unsafe. therefore, to limit | OC pag bsen such as mot to diminisa hia | the benedt of a fair trial, and it is quite apparont that te ‘These would be known by their numbers, Ivstrictions were given to watch carefully for these coupons, bas pothing further hus been elicited. No other steps bave deen taken, as none appeared likely te be attended with any effect. | Witb this exception Tam not aware that aay Tose has occurred in the department. 188 02, it leaves @ bi @ to be provided for by * Balance applied to the servico of the year.$590,272 326 21 : ‘The public a Stated Oy my"pres ‘ ie’ a8 atal my Ndeonesor in Bs report of December, $1,098,763,181 37 aah SNOT Qoubt remains, however, it would be unaufe to assume AE vag ts a Bie forrepab z = - 's of calculation than one predicated upon | 8° Closely provisions to made by Congress for OPERATIONS OF THE MINK {ato'the Treasury previous to July any otber basis of alan Meeting the expenditures of this and the succeeding | ConGdence in the disposition and ability of the people to | good to bo hoped cannot be fully realized 80 long as an- a Se : 1868, for which evidence of debt the existing stato of affairs. The receipts for the year ero rai Aion of th Felieve the wants of thelr government.” A serions obsta. | other syatom ab war with the great objects to be attained | , Tor the detalied operations 1 bok ending June 30, 1866, are estimated as follov Years. To raiso @ large portion of the amount necessary | [140 greater euocess has been, the Secretary believes, | shalt continue 19 exist unchecked and uncontrolied, | Drauches I resvootfully refer to. ‘the report of the Super were subsequently issued... 23,782,423 20 to meet theee authorized expenditures. tt 1 obvi ~ Amount of debt July 1. 1863 . +1,122,575,604 67 ‘Add amount of loans applied to actual ex- _ “penditures, as above, und balance * tho Treasury July 1, 1864............ 618,114,884 92 From customs Totercal duties. paren dieak of the Mint, The total value of the deposited at the Mint and branches duriog the last year was $24,027,803 47, of which $23,986,039 92 was in Roe poasale 68 te uve. Deeeens, ses deo Site there remain le $24,012,741 49. The coinage for the year was-—in gold ecou! ich bi the amount of other desirable national securities pr While, therefore. the Secretary would not advise the recourse was to be bad to loava which have been enting more, fara Op: | cannelon of unfciendly or severe measures, likely to iy 10 part negotiated, The necessities of former shave | 'Dg UI Ted to (ine expedients, anit ts.apparent poodersy diver- bashile| Suber De % oth, Prculmubecenaey bar wan fy the business Ne te Sotintty ied form: -esen' requi A convic- | w ons are go favorable that t oni sity of forms which our securities present. As the debt | Teauiine Li aoe a onnt of susnended requisitioas— | eyatem will woo replace all of & merely local cbarac- Tk aives the amount of pubtic debt Juiy inrenses from year to year, borrowing become more - iitea. srersesewectens 15740,000, 489 49 Aifoutt Benbarvansed as tne caantry Is with brasymunse | Se? Mee stain ieacived’ to foe "all the meana’ er hi | hesiux logwntios sould oe hed ha wil eet diner tmnt | cont, $91,040,088; gold Darn, $2.893,403 31; allvor RECEIFTA YROM 301SCRLLANEUS SOURCES. aoa en oat evcomrole it in mantfent wnat { command to pay so touch at least ag was ‘other circulation than that issued under | S49 21410; silver bars, $301,872 90; cents, $403) due to our brave soldiers, who were suffor- | national authority, at the earliest possible moment, Yotal coinage. $25,206,636 30. The number of Ci ba ‘The very large comparative receipts from miscellaneous @ources require cxpianation. ‘They are accounted for as follows, viz:— ‘From captured and abandoned property... $2,146,715 09 Premium on gold ebipped from San Fran- wll denominations coined was 46,983,396, Of this oo! $3.560,436 40 fm 48,114,276 pleces was at Philadel $1,876,377 04 tn gold and silver bara at New York. The Branch Mint at Denver hes confined its sonseuges i varee cm v 4 oot Te cae pe ustihed Uy abertate Decestiy. tog from the long delsy in satisfying their TUR WORK OF THE TREASURER AND HB ASAIBTANTR, To thrust our securities upon the market in such nmounts | just ola Dut till continuing to serve their of the Troasury as it ls not able to boar, and to retain no check up. | Country unflixching courage and noncomplaining | during the past year you are respectfully reterred to the stock jobhing combinations, must exercise n disastrous tion. To effet this object he was compelled to re- | report of the Treasurer. The labors of that officer are effect upon public cradit, and operate injurievoly upon | Doon the whelesinount of fi cent no:es which had | larg 4 fucreased by. the numbar of depoatorieg which large numbers who have heretoture savested their me«8 cancelled, amounting ia the whole «© more than | beve been designated under the act to provide a na itherally. ‘and. confdingly In government issuer. The eighty miliens of dollars, aud even slightly to exceed | tional currency. The labors of the Treasurer, and deoretery snot aominaral tbat in the opinion of many ver. thatsum, sfore fully to accomplish his purpose, the | also of the Assistant Treasurers fa the principal cities Ree eee t with foanoisl matters a recourse shoal’ | Secretary resolved to aval! himself of the wish expressed | aud the depositories designated under the aot of August be bad to foreien markets, and in two ects of Covgi won y officers and soldiers, through the paymasters, | 6, 1546. are necessarily proportionate to the vast oe oad hich Ieeaill in forces authority bar been giveo © | %, OMfor, to euch as desired to receive them, sovea- | ainounte passing through thetr bands, and the pecuniary negotiate a foreiga loan. This, tf practicable at av on | thirty er of smal! denominations. was | responsibilities of some are such as few men, whose terma which the Secretary could feel justified tw Scent ‘atiled to fnd that these noles were readiiy | character and capacity would Justify go Important a | efforts now making may prove suecessful so far jg, would fu bis spinton, at the preset time aq, URGE taken (io payment to @ farge amount, our gal- | trust, are willing to assume. Necessarily oblized to sur- | obviate In great part the difficuities_reterred he #0 incoasiderable in amour tbat ee var aan in many instances not only ving | round themselves with a large number of assistants, tor | question of title to the proposed site of the branch miné merely temporary, aud would@fiord an | them wit alscrity, Dut expressed thoir satisfaction at | whore care and integrity they must be answerable and | ®t Nevada, authorized by Congress, has intervened thane relief. Our bonds pve already, | being able to aid thei try by loaning money to the | to rive honds in amounts that few private fortunes wonld | Provent any further ateps from beisg taken toward tte toa consideranle amount, been sought for 9 ‘ond, and to | government, The whole amount of notes thus disposed of | meet, a high decree of courage is required to endure the | establishment, aod no further steps can be taken aotid that extent the home market has been ‘clieved and exceeded twenty millions of dollars, and the Secretary | perplexities and incer the bazards of such an oftice, in | Congress shall vave perfected the title, As 5000 ag Strengtbened, Communication with pe is now | bus great satisfaction in statiog his belief that the dis- | view of these facts, and of the much better compensa- | prover information can be obtsived, the nme 4 sere ened regular, intelligence yy uracamitted +o |, posal thos made was not oniy.e relief to the Treasury, | tion rosdily paid to such men for Inbore much lighter, | moneuren will be taken for the establishment of « rapidly, business { Titles are Fo abup*2t, that foreign but proved a benefit to the recipients, in affording them and responsibilities far less important, I cannot but | miut at Dalles City, Oregon, ia pursuance of the act of SAIPkatd arn atewetes our Own doors, Ja demand abroad | safe and valuable investment and an easy mode of trans- | recommend that the salaries of the Treasurer and of the | July 4, 1864. Proliminary examinations and reports saree Mmmost at the moment ay euppiied withont | mitting funds to their families, To meet other pressing | Assistant Treasurers, and some of the designated 1e- | have been ordered relative te e now ballding for the injarious delay. To effect a toroig/a" wontd not, as it | demands the Secretary egain offered to public competi- | positories, be incraased within the current year, The | mint at San Francisco, authorized by the act of July 8, has seemed to the Secretary, ¢° much if atall tothe | tion bonds leaned under the act of March 3, 1863, am unt. Assistant Treasurer at New York, baving been compelied | 1564. ae eto tof tales unions: painted By efforts apd | ing to about $2,000,000. This ofter was moat favorably | by ill health to resign, after long and most vsoful aud ‘THR COAST SURVRY, faducements which onr fiaang? condition hus not Feceived, the bida reading noarly $70,000,000, and the | boucrable sorvice, it becane necessary to find a person | ASI preceding yours, the great value of the coast called for, and thongh a Anin advantage mig! whole ameunt olfered being taken at a preminm of four | qual! of business aud financial | survey is constantly impressed upoo tho government, a;ned In tbe power to romp! in some degree the tite of | per crotum aud upward, the treasury receiving, premium | alluirs, b: and acknowledged ability, | While te operations upon the Northern coast have beam Foreign. exchenge by. th m to bo | inchiled, the sum of $23,179,614 32. to discharge the duties of that moat important poattion, | Continged without interruption, details. of its officers drawn against a8 oocnsiy Hight require, The possible Subsequently, on the Ist of October, the Secretary ad. | This the Secretary found to be extremely di/icult, prinet- | have continued to be furnished to the army as@ beneibabenee to be vee haa not seomed suflicient to | Vortised for aucther loan of forty millicns upon’ five. | pally becauso the great pecuniary risk deterred men who | Avy, who have rendered service of import- counterbalance other, opposing considerations, Thig | tweuty bonds, i--ued under the act of June 30, 1864, | had anything to ose, whilofthe compens.tion allowed by | ance in the conduct of the war, contributed: tation bas been abl "sus far to conduct a dymeatic war | At ihe time of this ofr the movey market was in a | law was much lower than is customarily paid for similar yuccoss of varions military.and naval or unpiaealaded ny ‘Studo and cost without appealing fer | feverish condition, atising from violent fluctuations in | but far ivierior service. jot only upom the coast, but in the interior, fae any igen. It was chosen to demonstrate | gold rd other canses. and serious doubte were enter Tho office was most reluctantly oecupted by the pres- equently toatiled by the officers incommacd. The ite power to puta nn, insurrection by ita own atrengtl, | tained whether acceptable offers would be made | ent incumbent, who relinquished an bonorsble postion, lighthonses aud bnoys in charge of tbe Lighthouse ava turaeh tence for doubt of tts entire ability vo | Under these circumstances, and with the hope of | with # much bigter saiary, a6 tbe ureeut solicitation of | bave been maintained xt their recogo! do £0. ithe ‘domestic or foreign foo. The people of | a"ecting favorably the market price of certificates of | the Secretary, purely from @ sense of patriotism, Im excellence, Some suggestions are m ‘oe Tinnteg ta? ave felt a jnst pride in their position | indebtedness, which had become somewhat depressed | pelled by the same honorable feeling, the Assistant | tending to render the system stil! more efficient, to carry torere igor In the judgment of the Secretary, it | by the large amoont to which the issve bad been | treasurer St. Louts consented to withdraw his resig- | Oot which estimates have been submitted. The restore way, Wan doubted whethor the national credit abroad | peresaarily increased. the Secretary decided to receive | nation, which had been tendered to the Department, | tion of lights injured or destroyed by the rebels haw Hee 0 strengthened and sustained by the fact that | one fourth of the subscription im these securities. The | Not ouly justice, but the best interests of the govern | been proceeded with as rapidly ag tbe territory has beam ia Pn vesimonts in our securities have not been sought | result waa that, notwithstanding the anticipated failure | ment, require that such compensation be paid to all | brought within the control of the United States forces: (eFeVand whether we have not found 2 pecuniary ad- | of this loan, bide were received amounting to nearly | public officers as will enable them to discharge | and it Is believed that the same unbroken octain whieh oy ge in elt reljence; but bowever this ¥ important trusts freed from the harassing cares and | Was exhibited before the war will soon be re-established ft seemed to the Secretery that even if anxieties attendant upon inadequate incomes, and be bane dood ye tee ee: REPORTH REACTS. Pension: 4 Iw \ The War Department, Navy Department.... Interest on public debs. to iting, refining, wssaying and stamping Db The aanibater caret thus stasped was S63, of the Of $386,329 97. The coat of, transportation trom wer ‘Mint 10 the seaboard, soupled with the: éim varbed Creng ted the Indiana on the route, bave Bifucted: ab likelffto remain toexpondea 8s 1112,461,896 15 2,716.542 11 sarees « eecces sees e $47,521,488 10 ‘The Secretary is of the opinion that not over 000,000 vam be safely caleulsted upon as likely to accruo from similar sources during the current year. FINANCIAL OPXRATIONS ABROAD. ‘The item of *‘premium on goid sbipped from San Fran- ‘gisoo to London’’ may also roquire further explanation, ‘In Maroh, 1868, it became necessary to transmis a con- ‘giderabie amonat of funds to London for o speci pose, for which ab appropriation had been made ‘grees; and it was thooght savisable to deposit a certain ‘amount of our securities with emineot London ‘Decker. againet which bills might be drawn. Five-twenty » -pends'te the amount of ten millions were accordingly placed in the hands of two distinguisbed citizens, to » ‘whose care the negotiation was committed. The vego- @iation failed, and she ton miliions were returned to the ‘Preasury ond disposed of, It was thought advisable that the amonnt of four millions ebould remein, and that ex- * -qhange shoud be drawn against it aod tbe bonds dis- of t rs the close of the year....... Deduct estimated receipts from ordipary sources, $396,000, there will remain to be provided for by loans $422,256.005. To thia should be added for , redemption of excess of Certificates of indebtedness $47,365,000, makiog the whole amount to be provided for by loans $46: 621,006, Assuming the correctness of these estimates, the whole debt on the first day of July, 1864, would be found by i the foregoing amount of $422.256,005 to the esti- mat t on July 1, 1865, $2,228,064,677, giving $2,045,320,652 asibe umount of the debtat the close the next fiscal yoar, ‘This calculation is made on the same basis of receipts as assumed for tha current year. It is quite probs , in. the judgment of the Commis- sioner of Internal Kevenue, tbat $300,000,000 may be received im evotber year from that source, without the additional legislation suggested by him. Should thie supposition be verified, and che new taxes proposed for this year be laid and continued, an #ddi- tional fifty milHons micht be expected from internal revenue, Ibe secretary bas, bowever, thought it wiser to aa $300,000,000 as all that would probably be reaiized. It will be observed that the actual receipts from ordl- ry sources for the last fiscal year varied materialiy from the estimates, particulerly irom customs and fn- ternal revenue, This variation is imputuble, Part, to the legislation of Congress at ite last session, fnoreasing largely the rates of duty on foreign and do- mestic articles. Jt is apprehended, however, that simi- lar results will not follow for the residue of tne present year in both these particulars. ‘Tbe increase of duties on imports under the act of June 20, 1864, has already bad the effect to decrease importa tions to a considerable extent, and the same effect will ve likely to contiaue. So that, estimating the rec-Ipts of the three remathing quarters by those of the first in tne y Id Congress think it advis- abie, ober they may be canceled. Exchanye hav- fng been drawn, it becume necessary to provide tunds to meot the bills at_msturity, which was accomplished by abipments of gold from California, EOTMATED EXPENDITURMS FOR THR CURRENT FIBCAL TRAR. The expenditares for the current anal year were est!- mated in the last report of the Secrerary as follows, [timated balance of former appropris- averaging to the government af 50,000,000 4 | Tent of former experience, it will pot be safe to caiga. | “ined to attempt the negotiation of a foreign loa, | tion less than one per centum, ‘These negotiations bi ing @ Just proportion to the nature and amount of oo as 27'973.104 81 et apa merenue. frost’ custome mach exceeding 48 Lime Wik uNprop'tlous. ded the dificnlies ettonding | offrded gatisiactory evidence not only Of the ability of | vices The diiheulty. of loadequate compensation hina | , The Secretary refers with satisfaction to the reports of For pensions and Ind! 9,631,203 73 | $70,.0o09 tor the current year. In the judgment of the #Ucb & negotiation, while exchange was subject to rapil | the people to furnish, at a hort notice, such surps as | occasioned much embarrassment ip other operations of tho heads of the several bureaus and officers aq exhibi- 636,204,127 77 | Secreta cnsgflisadvantage in a finapcial point of vie -and violent fluctuations ujum any saie terms appeared | may be required, but of the entire confidence felt in tue | this department. Many persons of experience and | ' ue bo at oe devotv i the Amount of labor performed, War Departmen' Wor the Wer Dace 142,618,755 40 | ia more than Trrulye afforded *] almost insurmountabla — Whatever risk was to be | national securities. After nearly four years of amost | skill, and who could readily command higher pay io “< arbalanced er aa Sonmques with few exceptions, bestowed cheerfally and assidu- Yor the Navy Department. ablic 85,387,077 15 | domestic industry increased rever | incurred must necessarily fall upon the government. He | expensive and wasting war, the means to continue it seen | similar employments elsewhere, have resigned their «Tor intorest on tho p —————— | from that source. Rice Fewer. | thought it wiser therefore to walt notil eveuts should | apparootly undim'nished, ‘while the sterrrination “te. | places io the department. These places it has been fourd | Ously. Ap increase of force ie required in the bureaus of Aggregate... rans $1,151,815 089 86 From internal revenue @ diterent snd far more f{ya; | HAve more fully demonstrated the tnovitably favorabie | prosecute it with vigor to the end is unabated. extremely difficult to fill, although there har been ne | tbe Second Third Auditor and the Becond Dedectiog as likely to remam bie result may be anticipated, It will be notiog this result of the contest ia which the nation is engaged, In some particulars the Secretary bag found himeelf | reason t9 complain of a lack of canta for employ. | ler, to prev vast scoumalation of Dasiness, injurious ded on the 30th of June, 1864. 000,000 00 | instead of $77,109,708 69 there was received (anime | Which time ne bolioves to be near at band, rather thas | embarrassed by tho restrictive provisions of the act of | ment. But i the vast and complicated affnire of the to claimants aud embarrassing to the government. ‘THR NRW YORK CUSTOM HOUSE. at an carly dey, | Treasury Department many persons are required pos- necessary. | seswing a high order of ability, derived both from study The lease of the premises vow occupied as & custom house in New York wili expire on the first day of Mag next, but may, uoder the provisions of the contrags of lease, be purchased by the government for one milion ef dollars, if notice to that effect is given tbree- months be- pen meer the vast 7 9 ee resi eareea MOO ™ | levchch mt montnot he preeng yaay into, | afora ow omrarary rented ‘love. which | Huztet yeh moultating et eo ‘were eatimated in the aggregate at. 206,886,539 93 | $37,640,787 9f | The new law, which went fre marine, | miedt be attended with evils In bia judgment a wide jon should be entrasted | and experience, and without whose aid those ailairs Leaving to be provided by loans. . 644,978,549 98 | on the ist o@WIY Jams, largely incrensing, gmount of | B Yi |, Bustain ¢ | to the officer charged with the daty of necotiating loans, | could not be well and speedily transacted. Such persons miler character, | altbough itflil probably fail to produce ”¢OUm time to come any burden which the war is likely to im. | in order that be my be enabled to avoid unexpected diffi- | caonot be exp to remain in the public service, and eran peceasart! ae co pan eacerianel with regard to | revenue 0d for, may, if not matert{ 2A€e4: (> | pose, the Secretary bas deferred qn undertaking which | culties occasioned conditions of the money | be content with a compensation too small for the datiy nded Caeoeas, ‘and ujon estimates from the | gother wa the special income tax rage L ithe Jo'nt | geemed to bim ao doudttul of success and £0 anestionable ible duty must necen, | wane of themselves and fermnilies, when solicited fore ite termination. Tbe premises are suitable and» com au ¢ departments, whicd, in. time Of war, must be | rosolati; A aN 1864, be sufey~ exrnneed ci coe Yo tte It may be added to these considerations ‘and the people ean | cepted in other situations, and justly and even liberally | ve@ient for custom house purposes, and of greater value Hiable to great uncertainty. Additional information | the Tethers 1,000, should od bye ee Aa that to bave the OD OnF public debt p.yable wt | bave no other r mm ite le, therefore, the Secretary docs vot | Shao the sum named. ifthe purchase ie tobe made the enables me to state the probable expenditures witha | try be foding (ane htona i tm ig | Dome. and to cur own rather than to a foreign people, discharge than may be ‘ound in the eetabdlisnea charac- d feels aa'strongly a@ ony one the | Secretary should be seusonably authorized to. give the produce so Arge an increx@ 10 | are advantages tho value and Importavce of which can | ter of the individual charged with wo iimportfut @ trust, | necessity of atrict economy, he is compelled to state this | Stipulated notice, and the necessary appropriation made ‘pear approseh to accuracy, as corrected , by inciuding so | unde?'e nace othe acta Balance of former A ats bape eg thee extra, uoder the net veo that, Aen anata hardly be too highly estimated. whoever he may be. ‘The discretion thas coufided | condition of things for the consideration of Congress, before the adjournment of Congress, This pare Table to bo used during the your, those made as the lest | toca, 1 $15 b00,000 may » ém ected {Tom It 1a anotber THE GRERYMA(KS AFLOAT, sbould, im the’ opinion of ‘the ‘Recretary, lciude PREVENTION OF BHCOGLING. chase has been heretofore recommended ie twe peo ‘session of Congress. the additional amounts calied ior tO | ®t without tbe sid din! jo The whole amount of pational circulation not bear. | the power of imcreasing the currency. To no in The bigh rates of duties on imports imposed by recent | cessive reports io that recommendation the Secre b abio nddition to the cir- | Jaws afford such temptation to smuggting, aod such | try fully concurs, In closing this report the Sei Moet probable jes and. red cial {come tax clan and, reducing. the balance oF Wa % fog f{oterest, exclusive of fractional currency and | dividual wovld ony cone Suetyended a eeriations Ae er ube year. ag | Set this amount is not, sd onght not to be, entiafac- ; from nded during tbe first quarter, woul fecis thas he not but follow the imple of bis pred cessor ja gratefully acknowledging obligation he te under to the aasistant secretaries and other officers ef the Treasury Department, not only for the choertalness. and devotion with which their own peculiar duties have been discharged, but for the kiadners and zeal with whieh they bave strives to lighten his labore and enable him to sustsin, however imperfectly, the weight fe most onerous and embarraseing position, . Pe SENDEN, Seoretary of the Treasary. Hon, Haxwina. Hawtin, Vice President of the Unite@® States and President of the Senate, tory. Rotes issued = by national ks, limited | culation, !n any form, be more objectionable thun to the | facilities are presented for successful attempts to evade mounts 0xpe! ad erittee hundred cillions ‘at east should, be | to tour hundred millions of dollars, nbject to alight oc. | present bead of the Irearurr Nepartment, and uo | the revenie inns by the extent and nature of our sea. geom necessary — The estimate is as follows, viz-— the Sourcen tod deen codes ta whichhinie most aoe | cacioual Increase from the fifty mitlious held in reserve | one would resort to such « moastre, when the circula- | Coast, and more especially of oUF froasier. that the ne- ‘aetual unexpended balnnces as above. . $350 ,337,060 23 sicahio result can be obained, and the report ef the for the payment of tempory deposia Of five per cent | tion wns adequate to the wante of business, with more | cesity of strenuous efforte to prevent and punish + 625,915,741 Y Commissioner of Interns Rever te referred te (or be Interest ring notes, thare were outstanding om the | reluctance. Nor does ho believe that a patriotic poopio, | Ollences of this kind js impressed npon the department 110,047,459 "| views on this ferpertansboten, 86 well an for teas walus 1st of November last $120,519,110, To & considerable | struggling for national existence and possessed of am- | witb di ily increasing force, The atteotion of Uongress 574 | Ble enggestione hoc nciretarence to the seme geaseal | OxteRt there notes bave been, and will continue to be, | ple means, wourt compel bim to adopt & mersure no | {8 perticularly invited to go much of the report of the 590 subject sf cen Used As currency. Those with coupons bavo been found | fraught with injarious consequences as an issue of | Commissiover of Chatoms as reiaies to this very im. 9,152 particularly ohjectionabie, Although withdrawn to | paper moncy beyond the limit ao prescribed. The ques. | portant mubect. The act to prevent smureling, Sete E aerer win atane oe ® Cortain extent, while the intersct was maturing, | ton, however, would be one for that people to decide. | for other purposes,” approved June 27 © Secretory wij venture, with great deference, to | they a: iable to be periodically rushed wv They have provounced for a continuance of the war, | important provisions, which, if properly enforced, will, remark, thut in bigiudgment & commission, property | the market. Jn consideration of this featuse @ | until its creat obvects shall have been accompiiehod, in Prove bicbly eficientk Suiticy constituted, for thepurpose of inquiring as to protitabie | iarge amonnt—viz, about ninety milliote of the | unmistaksbie ter It te for them further to determine | bowover, for all the preparation pecessury to carry sources of revenue snd devising improvements in the | original iseue of $150,000,000 of these coupon notes— | whether the necessory means shall ba furotshed by way | all of hi modes of its collecwo, might. in a country of such varied | have been withdrawn and destroyed, nd their place oo | of loan, and the circnintion bo restrained within aaie | been afforded production, and i & people of such diverse indus- | cupied by notes payable in three years beering interest | limits; or whether they wiil prefer to endorse the evils | limivary tospection has been made by the Comm exioner, trial purauit, efit much Information which wonld | *t mix per ceotum. compounded semionouaily. Ubis Ie | of exordicant prices, with a loss of credit in tbe present, | under Inetruction from th , along our ry wiiioe ‘aot’ of March 2, a7s,o12 64 | MALTIRLY tain tho deliborations of Cougress and | polioved to be the beet form of interest hearing legal | and a dedt of nec'iless maznitnds eutaiied upon the ‘aud frontier lines, and the rosuit of bs ob- O61, add prior thereto... eee eee es me ighten it% lavos upon a subject Bo Dew to legisia- | tender notes, aa being more I:kciy to be withdraw aud ) future, Their foancial officer can ouly submit to their | Kervati os joaés to the conviction that preoarations . ‘40,082,485 84 sh! hrimglented on this coutinent, As, however, a | beid vntil maturity sagan Investment, Of these, $15 000,- | decision, and act as tho necessities of the occasion may | oo @ tir scale ave in progress for extonsive and ‘Tout EET et Mbit reeo! Mt er poining to this end did bot meet tn issued under the act of Mar «} demand, But the Secretary confidently believes that, | systema: « operations in smuggiiog across our porthern a. ee ct citaat ee oil ibe deh of Proval of Corres at its inst session, the Secretary did | 1563, and about $99,000,000 ander the aot o} 30, 1864. and norttestera borders, To prevent, or even to check, hepMtbe amount et certificates outst being mood | tondieentivy ead he bee bey ont ere interest bearing 0 retions, an increase of preventive force will be ovomber, 1864, war 298 53,000. to bear, it would Gnsuve hone aod he bern unable to adopt other | on the 224 of November inst <eary, wd moans #hould He placed at the farger amount than the market drcurities as avail | foge-tion ant ® ey ‘Prachalve appropriations... The Up The very large house at the Academy Inst nigtt was another evidence of how much tbe opera of Dew Sebastiano bas become popular, It was the Sfth Bight of ite performance; yet there wae ao cimi- notion in the attendance, The audience was If anything more fashionable aod distinguished thaw usual, The music and the artists mot wich very warm appreciation throuzhout The duet, O Pausia 1 in the third act, way encored. So slso was the deliebeta ‘at tho clowe of Which all the fodming from past events, and recent domonstrasions, thare can be Hittin ques'ton what the public voice will be | these o i tivo i x D It 8 the province 0} To that | apon the terms which may be offered to thove who are | sme parpere. After much | What prorortion of these ma NgreKs to indicate snd dotermine department for that porpore, to be ex- tsion of his opinions hereto. | tion to the circulation I am unable tod job muNver AS Lhe exigency may requir not be wise to calculate upon th $7) 000,000. , fore express’ in another plice—to which doder the ¢ir- | extent, whatever ft may be, Hbuie to the vite vest their me ov 1 y report Dommissiouer and f septetty arth a THE RRSOCRCES FOR THF the current oat | tary fools cblived to sey that he gees no other rosodro® | gion, and In A Util greater degree suttaic, An increase Of | terme euMiciently tveral. If our pablic debe : ays welcome, and In which Zucadt ‘The avaiable probahis resour r0.071,001 99 | (Or, TAREE the udditional revenue so neceswary to the | priogs and depres values, neersserily he targe, and requira a long ours of years | @xpedient, but necessary; ant the ayprepriat! a for that of emiuentiy suited to her tae may then be stated as followss...... § Oareee Be | PAtlonaicredit thsa those pointed out by the comm! THE NATIONAL RANK CORRPNCY, for it# Hiquidation, ts wide defusion fe toomt daait-bie, | object should algo be increased 90 as Lo mect tue wants of | be given. M phar Aepebes + ayy SAbISS 84 | nionar, Ho is aware of the great dificaities atierdiog | | The amount oF bills ieued to the national Banke, ae ap- | Such advantages should be oflered as will Induce all who | the bervice. Brooklyn neighbors will be treated je CET fe Se, 4 & | too erliection of the duties proposed, and (eeis all | pears from the books of the Comptre! the Currency, | bave anything to spare beyond tiv tk required (or COMMERCIAL INTERCOTRAT WITH REORL eraTes, pe me ‘eources. See yelor9 a6 | the forces of the objections heretofore made to | was. up tothe gad or November inclusive, § >,160.21% | their own support or ue to tnvest that surplus, OF & p The ect aporeved July 2, 1864, eutived “An act in ar . 95 pi 8i079 8B | thelr imposition. |e nevertheless Believes that a tax ua | AB these banks have absorbed cxpiial, which mirth ort | tion of it, ta the nati owt securitian. © These aitvantaces | addition to the several acts Concersing commercial Direc tee of indebted “ “ 09} tovreoo, th the leaf or unmaautactured, if itcau beens | erwiee have been invested ja Stare corporsie institu. | can only be found in an increased rate of interea!, cn ex- | etorvourse Between loyal and iusurrectionary States, | Trinity church, will take place to day at noon, gad the Cortifical “A bus ——— ~~ | futeod, is the only mode DY which @ duty on thé article | tons, and in many instances have token tho place of | emption from podlic burthons, and security of posses. | aud to provide for the o Liou of captured and abao- | bo repeated on Thursday evening, The Sircoaiiaiastt 2942-980 04 | can be'collected fairy and equally, and through woick am | thoad inatitutions by congerrion. these fawver canoot be | ahon. What limit should bo fxed. in either of these par. | doved property, and the prevention of frauds im States | ee pdb aes 4 sees eee adequate amount of revenue can be obiained from it. He | regarded fs 0 much vduition to the body of | touiare it is for the praction, experience and wisdom of irrection,”” modified Ia several iuporturt | occasion of this festival t@ the completion of tho new 4 preexisting IAws upon the sais subject. | ehancel organ, which will be exhibited by Dy, Cutler, of the act of July 14, Ts6l, a8 author! Total ....++ To this Rbould be # 1566. ded halances, Jus S64, 850,000,000 00 | Heiteves alco that oer rm igh & tax OU Anles would probsdly | currency. + 18,842,508 TL | fail of eolwetion to some extent, yet, by anviying wh | that tue Lehow | Congress to aacertain aud delormine Tetnrne on filo at the depart nm the Lat THE PREMIEM ON € hole cireul State baw cy 4) re ros tival will tok ape of & rouBical lecture, te ‘Balance’ of cash J nnn | piri ent rvles, reqairing frequent periodioal return, | of Javuary, 1864, war ; 2, While the whole cir. The experience of tho few pac the President to permit com: jal rela! are | pen ea teavee OMT 13 | verified by ontn, coupled with the powar to oom | Ctiatlon Of eae ‘bain tert Diy Of Jul’, 1864, re | felled to convince (ho tweet carctes Fectionsry States nod Sections was repeniel, eccapt | tedelivered by Rev. DR Vinton, and f'iuserated witm { TOR TOROU OT or by lonma...+ 690,797 exbibit o: books of acconat, 1t might become a turnet to the Interval Revenne Bureau, ava wuich em- | eror may be tho effect of a redundant cironiation u in certain epecied eases, ‘The rules and. reguia- | selections (rom diferees atyles Of music sung by ike 3 Which deductogied jor by loans «620,727,608 11] large and important itom of tevenue faw titling exceptions, ail of these inst! | the price of coin, other causes bavo tons With regard t commercial jetercourse. m choirs of Trinity church, the Holy Trinity, Rrootivn, sud Balance 10 oe rnrved. as proposed RVINOW OF THR INCOWE TAR, | Of the rebellions Stav And more deieterisus lofuence. In th Adopted have been modified nccordiryty the Church of the Advent, New York. Tho second part af, Laka opel Pot t ‘The Secrotary would ‘urther suggest, whether the fn- | $126.196,008 72. The di tom ik $45.12 Gaya the price of this article rose (rom about $1 6010 | rather largely extanded the powers and ree o} the ‘eativel wil consist of a concert of seared muaia, 4 millions: et te te vauel CF come tax abonld not be collected upon all, without ox. | which, deducted from $65, 14 . ton $2 86 in paper for one dollar in_ specie, an sequently \ ‘thie department by vlacing to | selected irom Handel, Mendelssohn, Hayden and Bach. by the ( oO gr0,ra7,c08 11, | meio, me the Taw as ite opens the door i Innainere. | ae the amount of Incrense’sn Novembor 22, 15% foll in as short a period to $1 87, and then ncnin rose as | houses and tenements in insurr > seat nn CatI08 Ye aa ied‘ tho patie a ble ‘rauda; and, io a young and grow IDs country, tho vart Op the supposition rhat the cireniation of Tapidiy t0 $2 60, aod all witbout any assignable couse | jurpores of oceupation and Jease, aud The Funeral of Galen M, Osborne. ' loans oe 7 88,363,820 00 Majority of incomes are emMall, while Al partichvate alike | Has ot been enlarged aince July, the subsequent return®, | traceable to aw inctease vr decroare in the cirou- | reeting that provision should bem Onwaco, Deo, 6, 1864, ‘ 180 of public aebt ai the fa vo biertings of good government. The adoption of a | thougd incomplete, would teud rather to show Adiminu- | lation ef paper money, oF an expansion oF con. | otherwise for the omploy ment aod e is . 492,974,188 02 ‘c. Augmenting the rate of taxation upoo Incomes as | tion since that date, Arguing from the fact that the Doles | traetion of cred!i or other similar jniluence om | persons within the lings of Natio Balen FL Osborne, former!y army correspo dont of the os ty aft ey rise in amount, though uneqant in one Renee, Canwest | OF State baoke have almost Ceaeod to he current in some | toe market tending (9 occagion a fluctuation ko violent, | within Raid ineurrectiouary States (ormeriy held a New Yous Huauo, was buriod’bore this Atierneon wits debt “Leavy Taaition, to the iisbituios het d ol Mee jon to the liabilities before stated, it | be congidered oppressive or unjust, inasmuch 4 the | of the Northwestern States, It may well be doubted | 12 ts quite apparent that the folution of the problen become free”? This clause is row [NAtioned that the seven thirty notes, vow called | ability to pay increnros in much more than arithmetical | whother, nn tor The tiratestieae of the Ta anthorizing | beaded tn tbe wapateiotie and celmiasl efforts of specu | placing ali euch, perscce wader the protection of thia | Masonle Bonors, pos lores Particlony sa, Tare tse ef 1801, sad tho one year Liye por cual leual | proportions wa the amount of iereusy oC Iucoue exceeds Danks, the estadisamons of shove iostthublons | iatora, wud provaDiy of secret enemies, 1 reine the prieq ” Kinet, srough whieh shalt general woinre @ to 7 yery large aitendapce of Pegs + . ays \ .