Decatur Eagle, Volume 11, Number 42, Decatur, Adams County, 24 January 1868 — Page 1

MBLISHED EVERY FRIDAY, BY A. J. HILL, editor and proprietor.

OFFICE.—-On Second Street, in the ' • econd story of Dorwiu & Brother’s new . brick building. Terms of Subscription. One copy, one year, in advance. $1.50 If paid within the year, 2.00 If paid after the year has expired 2.j 0 delivered by carrier twen-ty-five cents additional will be charged, paper will be discontinued until all arrerages are paid, except at the option of the publisher. Rates of Advertising. One column, one year, s<lo.oo I One-half column, one year, 35,00 I One-fourth column, one year, 20.011 £«®“Less than one-fourth column, pro- ! portional rates will be charged. Legal AdvertisingOne squarg |tße space of ten lines brevfe?pone insertion, ' $2,00 Each subsequent insertion, 50 B®*No advertisement will be considered less than one square; over one i •qnare will be counted and charged as . two; over two as thre». Ac. notices fifteen cents a line for each insertion. and Educational Notices or Advertisements, may be contracted for ‘at lower rates, by application at the office. and Marriages published • s news—free. fT” — ; —- * OFnciAL DIRECTORY. District Officers. — Ron. Rob’t Lowry,Circuit Judge. | f. W. Wilson, Circuit. Prosecuting Att’y. I Hon. J. W. Borden. .. Com. Pions Judge:| J. S. Daily, Com. Pleas Prosocut’g Att’y. ; County Officers. Seymour Worden, Auditor. [ A.’J. Hill Clerk, i Tess“ Niblick,Treasurer. | M. V. B. Simcokc, . Recorder. I James Stoons JrSheriff.; Henry C. Peterson, Surveyor. Stm. C. Bollman, .... SchooTExaminer. Conrad Reinking,j Jacob Snrff, I. . . . Commissioners. Josiah Crawford, I Town Officers. Henry B Knoff,Clerk. D. J. Spcncei,Trensurer. William Baker, . . T7TTT7 . '. . Marshall. John King Jr., j David King, I . Trustees. David Showers, .1 Township officers. Fvtox.—J. H. Blokoy, Trimto"; B. Looker and George D. Hackett, Justices; i Wm. May, Assessor. Root.—John Christen. Trustee; Jacob, Rettenberg -m l Henry Filling, Justices; Lyman Hart, Assessor. Paßßtr.—John Rupright, Trustee; Abrahnra Mango’d and John Archbold, Justices; Jacob Yeager, Assessor. Ktr-gr,»Tlf.—Jonathan Bowers. Tims- I tee; S. B. Rearers and James Ward, Justices; John Hpwer._4ssessp_r_ W isxrxoTox.—John Meibe’-s. Trustee' Jacob W. Grim and Samuel Merryman, Justices; Harlo Mann. Assessor. St. Mlav’s.—Edward McLeec!. ’’’»•>«. ! tee; S. B. Morris Samuel Smith and Wil- i Ham Comer, Justices; Samuel Tecpie, Assessor. BtnriSßs:.—Samuel Eley, Trustee; C. M. Fran"? and Lemuel R. Williams, Justices; ChristianJJoffman. Assessor. , Me vang.—Juseo'i R. AFHn-, Trustee; I Robert Me'Bu--’- and D. M. Kerr, Justi- i yes; Robert E. Smith. Assessor. Fttuxen.—So’omon ShuV: Trn«t«o; Lot I French and Vin-’ent D. Bell, Justices; Alonzo Sheldon, Assessor. IlAßTronn.—Alexander Balds. Trustee; Benjam’n Runyan and Martin Kizer. Sen.. Justices; John Christman. Assessor. Wabash.—O. H,. Hill. Trustee: Fmnnnel Conkle and James Nelson, Justices; David McDonald, Assessor-. Jkvvkrsov.—Jonathan Kel’r Jr..T"'isJustus Kellv and John Fetters, Justices; Wm. Ketchum. Assessor. Time of Holding Courts. Circuit Court..—On th» Fourth Monday in April, anil the First Monday in November, of each year. Common Pleas Coßbt.—-On the Second Monday in January, the Second Monday in May and the Second Monday in September, of each year. Commissioners Court.—On the First Monday in March, the First Monday in i June, the First Monday in September, | and the First. Monday in December, of each year. CHURCH DIRECTORY. ~, St. Mary’s (Catholic.) —Services ev- ’ ery Sabbath at 8 o’clock and 10 o’clock, ■ A. M. Sabbath School or instruction in ! Catechism, at 1J o’clock, P. M.; Vespers at 2 o'clock P. M. Rev. J. Wcrahoff, Pastor. Methodist.—‘Services every Sabbath, at 10} o’clock A. M. and 7 o'clock P. M. ' Sabbath School at. 9 o'clock A. M. Rev. ■ D. N. Shackleford, Pastor. Presbyterian.—-Services at 10-J o’- I clock A. AL, and 7 o'clock F. M. Sab- ; bath School at 2 o’clock P. M. Rev. A. i B. Lowes, Pastor. ■ I DRUGS. DORWIN & -DEALERS INDings, Medicines, Chemicals, Toilet and Fancy .Articles, Sponges, Brushes and Perfumer*!. Coal Oil and Lamps, Patent .Tledicenes, tfc. DECA TUR,INDIANA. | Physicians’ Prescriptions carefully compounded, and orders answered with •ar« and dispatch. Farmers and Physi•isni from the country will find our Stock of Medicines complete, warranted (Maine, and of th; beet quality.

The Decatur Eagle.

Vol. 11.

gnmßMKMuwii ■■ ■■! lAJiai—!ATTORNEYS. JAS. C. nRAVYAX. HOMER J. RANSOM 1 BRANYAN & RANSOM, Attorneys at Lev, Claim & Insurance t gentsAlso, Notaries Public, DECATUR, INDIANA, References.—Hon. John U. Petit!, { Wabash, Ind.. Wm. H. Trammel, Esq., j ! Hon. I. R. Coffro'h. First National Bank, | ('apt. U. I). Cole, Huntington, Ind., Hon. IIL B. Soyler; In linnwpolis; Ind. — —J—i Rls*J.C.Branyan is Deputy ProsocutitiiJ Attorney 1 he.iJeer, -A.ttorn.ey a t ILaw, DECA TUR, TUDTAUA. Wil] practice his profession anywhere in Indiana or Ohio. OFFICE.—V, ith Pr. Sorg, overSpen-j cer & Meibers’ Hardware Store. JAMES R. BOBOJ Attorney at JLaw, i DECATUUR, rND TAKA. I Draws Deeds, Mortgages and Con- ! tracts. Redeems Land and p,ivs Taxes - ; OFFlCE—Opposite tiie Auditor's Os- ; lILt vlllnfitf. | D. : A ttor'i ey a t I-anv, Claim & Heal Estate Agent,' DECAT'AR, INDIANA. Wifi practice law in Adams and adj jolnipp? cf UTitirs; sccuro Pciisnons ptt! J i other claims ftpoioEt the Government; ; i buv and soli Rrai Estate; examine titles ! and pc.y taxes, and other business th v j hflininr to Real Estate Agency. Ie it i also a Notnrv Public, and is nrena r ed to ' draw De'ds, Mortgages and other irstru- I m‘'ntsof WYpinn-. vlflnlVf I REAL ESTAT£AGENTS, j JOIES K. BOBOg! LICENSEIJ R-AL ESTATE AGENT, ' " DECATUR. INDIANA X.® VP land, several Town Lc’s, and a large quantity of wild land for sale. If you want to buy a good farm or wild‘land he will sell it to you. If yon want, vour land., sold he will sell i t for you. No sale, no charge. ~ vin r ,fjr I PHYSSCiANS. F. A. JEIXEFiS Physician and Surgeon, j OFFICE—On Second Street, over A. I Crabbs & Co’s Hardware Store. vßnlotf. j LTcUBTiSSJ Physician & Surgenn,, DECATUR, :::::::: INDIANA. • Having permanently located in this ; j place, offers his professions! services to I I the neople of Decatur am’ a-ieiinty. Office in Houston's Block. . Resid-••ncr- ' at’ho Burt.Hanse. vllnfifi | ANDREW’~SOBG, j ' Physician and W VfNt TFSZ, LTB OFFICE—On Second Street overSpe”-- . -cer & Meibers’ Hardware Store. vßn,t‘Bf ' y"'L.'Jb U I 'V u "*’ w ''' ' ■*-' .iw ,■ A...XOpperative ft DKNT IS T , DECATUR, a ::::::: INDIANA. ! All work neatly executed and war-1 ranted to give satisfaction. Call and ! examine specimens’."' OFFICE-With Dr. Jell off, over ! Crabbs & Co’s Hardware store, vl Infill MIESSE HOTSE, Third Nt., Opposite the Unirt. Hov-se, nHC,iTiise, iji'et., I. J, MIESSE. Proprietor. . In connection with this 7 House there l is a Stage run .to-and’ from Decatur .and j i Monroeville, daily, which connects w:»h I ( trains running bath ways. vllu'ltf. ; MON R 0 E VII.LE, IN DIANA. | L. I ; — :o: ’ — j This Hous'? is. prepared to accommodate'the travelling public in the best style, and at reasonable rates. navlltf. |M STET EMM , A.FSWEMAV, Proprietor. I ’>s'. ' Iddin Street, near the I'uMic Squttre'. FifiSiT irAE.rE, f.VIDt. vllnllyl. • EIEDE3ON HOUSE On liarr. between Cd’imbia and Main Sts. FORT WAYNE, IND. ELI KEARNS, . Proprietor. Office of Auburn and Decatur Stage lines. Also good stabling in connection with the House. t vllnllyl. MAYER HOUSE? J. LESMAN, Proprietor. Corner Calhoun and Wayne Sts., FOUT WAYNE, vllnllvl. Indiana. monroevTilFexchange. MONROEVILLE, IND. E. G. COVERDALEProprietor. to:— Mr. Coverdale is also a Notary Public, Real Estate and Insurance Agent. ' vllnllyl.

DECATUR, IXD., FRIJ3AY, JA.X. 24, 1868.

SPEECH OF W. TIIOS. HENDRICKS, Delivered before the Demcratic State Convention, at Indianapolis, Jan. 8,18158. Gentlemen of the Convention: After the close of the war, and after the passions excited by the assassination of the President had sprung up an <.r.?nest desire for reconciliation, harmony, and a restored Union.— ■ The feeling was general—almost! universal. In the North it prevailed because the people were satisfied with the results’ of the ( war in the suppression of the re- . bellion, and because the disbanded armies breathed among the masses the spirit of generosity and kindness. It- prevailed in the South, because the people at onco admitted their.entire defeat, and the destrnclion of their military force by a superior power; they entirely aquieseed in the results of the war, yielded obedience to law and resp ;ct to the authority of the United States, and in the midst of their destitution directed their feeble energies toward providing ’ ! for immediate wants, and keeping ; gaunt famine from the land. The arm ,' had done all it could ; ' —the rebellion was suppressed—- ; and it only remained for wise and ; humane statesmanship to take ad- ( ■ vantage of the auspicious period I to place the Government again up- i lon its constitutional foundation. ■ I and our country'in its earner of J | prosperity and greatness. To a I person of ordinary understanding I I it seemed ]>la;n that the first work I I was to restore the Southern States in their practical relations to the | Government of the United States, j Mr. Ijmcoiirhad said the effect of ; ThFwitr wrr-rto’TristTrrty H tical relations," and Congress had declared its object to be to main- i tain the Constitution, and “preserve the Union with all the dignity, equality and rights of the several States unimpaired.” Then assuredly it only remained to se cure the fruits ofthe great contest, a maintained constitution and a ' I preserved Union. President John- i i son, acting upon this sentiment,. ; i and availing himself of the favor- | able condition ofthe popular mind ! ! adopted the policy which Mr. Lin- I i noln had decided upon, even to i ! the vcry-lftttgttftge ofhis-prosdama-; ; lion, (as appears by 7 General i Grant's testimony bef-.He the Con- : grcssional Committee,) and ap- ] [pointed provisional governors in | the Southern states, and gave such ( instructions as lie nece.s- [ i sai'V and prudent. There is no express authority in the constitution for that pro- ; ceeding, but it was supposed to be ; jushimd by the provision that “the United States shall gmirmity to [ every States in this Union a re-! publican form of government.” The ilnty imposed upon the United States by tii-is provision, ear- r rics wi;h it the power’ to preserve . the State government from des - [ [ traction, and to.do what may be ; ! necessary to enable the people to ! I maintain their Slate, governments . ia the ancient- relations to the U-\ nited Slates. But the power is not given to tine United States to make State governments, or to Control: I the people in flint work. To ere-; ate States and to fashion their governments belongs to the people,; an I to them only. So tar as the President may have I I gone beyond the necessity of the [ case, his proclamations are to be . ; regarde-.l as Suggestions and ad- ■ ! vice to the people, and not condi- i ; fions mid rales presented. But j I the people of all the Southern; ! Stotes adopted his recommenda-1 : tions. They elected delegates to ! | conventions; constitutions were I inade, submitted, voted upon and [ ratified. Then what had been but recom- [ l mendation by the President, be ; | came parts of their State const! i tutions. AH that had been demanded of the south, was fully and cheerfully done. The constitu tional amendment abolishing slavery, was ratified —in each State eon- j stitntion slavery was prohibited— ! their deTit contracted in the rebel!- i ion was repudiated—the right of secession was expressly and in the ■ most solemn manner abandoned,: and their several ordinances of | secession were repudiated and I declared invalid. These constitutions were aproved and ratified according -to the forms always respected—and were acceptible to the people, both North and Sou th.— The entire Democracy, and I believe a majority of the Republicans were satisfied with their provisions. and rejoiced that our afflairs approached a speedy and fortunate adjustment. Peace, order, and obedience to law everywhere prevailed to an exlent that surprised the most hope

Ifal in view of the convulsions. I through which the country had' jlist passed. Returning confidence j . stimulated industry and enterprise, i tra le and commerce were finding ' their former channels; and North- i cm capital sought Investment in the; inviting fiel Is of the South. The > S ates were again in harmony with , the Union, and hope and kindness! animate 1 the people. Sneh was! the condition of our country when ■ ; on the firsf Aftfeday'bf December,. , 1853, the Thirty-ninth Congress j i convened. That Congress is now I dead, but the evil which it did lives j ; after it. From the 4th day of December, 1865 till the -Ith dav of March, 18(>7—fifteen months—-it.was a! frightful power.ignoring all con-! stitntional restraints respecting no ; law but its own will, and devising i its schemes in secret, conclave, it[ introduced discord for harmony,! hatred forkindness, and promoted i the interest of party at the peril ofj ; tlie country. Is any man so bold as ' to say that the condition of our’ j country is now as encouraging, as : when that Congress convened? Labor seeks employment and com-! ' plaints-of its heavy btirdefe; whilst! i capital, disturbed and distrustful' j seeks safety in retirement. j' That- Congress commenced its| work in January, 1866, upon the . fr 'edmen’s bui'caafwhich it estab ; lished over the President’s veto, at a cost of many millions to the i people, basing its support upon : the proposition that the negro, be- [ cause of the degradation brought upon him by slavery, was unfit and ! disqualified to. take care of himself j and therefore must have placed | over him public officers to super [ vise his contracts, and control his ; cood iet, and closed its work in ; March, 1867, by placing in his j-lwftfte-the ge*--•ernment, and endowing him with the legal capacity of demolishing and reconstructing States, and determining their condition in the American Union. Mas inconsist-1 enev ever so barefaced 7 Was in-1 suit to popular judgement ever so! defiant ? It was very plain that all! ’ tiie interest of the country calle 11 I for the immediate admission ofj ! tiie Southern Siatee to representa-; ; tion ; that financial prosi.>erity and! j public safety both demanded it;! i yet, for two years it has been deI nied, and the country held in its : disturbed enndition, untii, by milii tary force, the ten States could be [ placed und A r the control and govI erdment of tiie negroes. Tiie ne- ; gr-.ms have been organized into ; leagues, and 'nave became bound ;by o.Tt'.is, so that that thev are | now controlled by special and favored interests- Sectional finesse [ and capital wi'l hereafter govern - tiie South, and thus ten agricltural ! States he brought to the support of I the protective oolicy, whefebj’ onej third of the labor ofthe men who hold the plow will be for thebenei fit of the meii who own the looms. Mil! tary go vern■ nents have been . established, costing the people untold millions, that by their force .1 and power,.white men might be ■ disfranchised and negroes enfran- ■ c’lioe-l; and all this that political , po-.yer inay be retained—that special mid favored interest may be promoted, and that the. rich may ; bo made richer, whereby the poor ; are.miv.lo poorer. Is it strange that in tiie midst of such evils, tiie [ voice o f the people should come .up like the sounding sea demandi ing a change ? We need not be de- ! ceived by the assurance, that this isTestoration—that quiet will fol- ; low, and peace be perpetual—- | that prosperity will attend it, and ; thedmppTioss of the people be so- [ cured. It is reyolutiofh when, by I military force—-a proceeding un- [ known to our history, to our conj stitntion, ajid to our laws, you un- ! dertake to place the inferior above j the superior race. It is destruc-: j tive revolution, showing itself in ; pillaging bands of negroes, in burning houses, and outrages upon women. This is not to be charged altogether to our vicious legislation, but in part to the- wicked man, who for bad purposes, have ; sought to array the black> against ; tiie white race. As far back as the I tail of 1865, General Grant report- ; ed to tiie President that agents of [ tiie freedmen’s bureau were excit- ! ing widespread among the negroes : with the expectation of a division |of the lands. Disapointed in that expectation, and in their ignorance supposing freedom to be unrestrained license, they make the war of barbarians fcr the gratifica • tion of their passions, upon the property and persons of the people. Whatever may have been the sympathies of the North on the question of freedom from slavery, yon need not think they will be with the negro in this horrible contest now imminent; for when I the Northern man sees the mother and children escaping from the;

burning home that has sheltered and protected them ; when he hears the scream of beauty and innocence I i ia the flight from pursuing lust, if lie ever venerated a mother, or I loved a sister of wife, his heart and j hand will be for the pale faced wo- j I man and child of his own race.— i ; Whetever may have been the sym- i [ paties of the North for the negro | i in the claim made on his behalf for j ■ civil rights, just and generous men |wl irt’Tr ii ’-vitii liorro r from tliecon -7 j grcssional policy that places the | white race under the power and ! government of tiie negroes, and seeks to establish ten negro States in the Union. It is not, and will - not be accepted as a ; Tiie pride and honor of the race ! I that raised this country to its great 1 i eminence will not permit it. The i demand is for the repeal of the ob- ; i noxious laws. The grand children of the hero ?s ! i who fought at the Cowpens, and: ’ at Jamestown, and atNew Orleans, i ' ean not-be made -tiie branded serfs j ’ and bondman of tiie negroes. We j will not see them thus degraded— ; I they shall not tints serve. Out-, I side the Constitution, in defiance j ; of its provisions, and by military j j force this great wrong has been : j done; and within the Constitution, ■ j and by the might of the people, it; ■ will be undone. The men who de- j ; pend upon their daily labor for [ ! the support of their families : the j m.m. who cultivate the fields and i rejoice when the yellow grain | bends its head to the reaper; the | men engagedin useful and honest, trade and commerce; indeed a.l, men. who are interested in the prosperity of the country, should see to it that it is undone at once; for there can be no stabilTTy in our finances, no sure and reliable value i to rniTr products and coiriinodltiesjl ■■ and—no--ass ureii—reward-«4--labor?-! until reconciliation, harmony, and union rest, once more upon the sol-! id rock of the C instituti on. Have ; you considered the pretext for the , radical loolicy ? It ia found in the I -preamble to t-lie act of the 2d .of I March last, that in the ten rebel I States tliere are no “legal” State ! governments—yet the strongest j appeal to Northern prejudice and I passion has been that those States I rejected the Constitutional amend- > ment of reconstruction of 1866, and therefore a harsher policy iihonld be adopted. But if triose S tates’have no higM State governments how can their legislatures ratify a constitutional amendment ? If illegal, can she legally help to j change the Constitution ofthe Uni- ; ted States ? If their legislature she ; competent to ratify a constitutional amendment may they not elect United States Senators ? But Congress did declare, in the preamble to the resolution admitting Ten-1 nes.see to represeiition. as a reason | for ajlowing the representation, i that that State had ratified"the Con- j stitutionnl amendment abolishing: slavery; .vet such ratification was | made After iier ordinance of seces- j sion, after her inhabitants had i made flagrant war upon tiie United | States, and before any pretended j net of restoration by Congress.— I If ordinances of secession, and war j did destroy State government, ho wj could Tennessee ratifv the amend-; ment ? If tiie ten States now governed by five generals and their armies have no legal State-govern-ments how was the amendment aboltahing slavery adopted ? Without counting some of these States i it was not ratified by a sufficient j number of States to make it a part i of tiie constitution. Three-four ths i of the States'must ratify to enact | an amendment. I believe it was; ratified, and is.a part of the Con- i stitntion, because, I believe all the' States of the. Union had legal State ; governments, and that ordinances of secession could not, and war; did not, take any of the States out; of the Union. How far is this doctrine of negro [ equality to extend ’? I believe some j persons think they may force it up- [ on other States and refuse it in In- j diana. I can not reconcile such a i position with sentiments of justice, | and honor. Surely the negroes ofj the north are more intelligent and | more nearly qualified for citizenship than those of the South, unless indeed the tendency of slavery has been to enlighten and elevate.

A prominent gentleman of the radical party, in a recent speech in Ohio, said that if the Republicans of that State insisted upon negro suffrage in tiie South, and refused it at home, they would stand naked and exposed to the scorn of the world. But we are not left in doubt in relation to the purpose of the party leaders. The Thirtyninth Congress conferred suffrage upon the negroes in the District of Columbia by almost a party vote —and tiie present Congress has already twice passed the bill making the negro competent to hold any

office, and to sit on the juries in I that District. It passed by a vote too large to be overcome by the Presidents Veto, and will become a law. The District of Columbia was notin the rebellion, and it belongs to the whole nation. The black popula : tion is now so numerous that they I will probably be able to carry the j election in Washington City, and ■the people visiting the Federal capbltal will transact their district bus 7 iness with negro officials, and if brought into court, bo tried by negro jurors. No hatred of the re- - billion, nor desire to punish rebels : can be invoked in support or jus- ; tification of this proceeding; it ; stands upon the bold ground that I Congress, and the party that sup ports Congress, believe the negro I entitled to equality, and therefore !he should vote and hold office, sit ! upon tiie juries and preside in the •courts in our national capital.— I The last vote, passing the bill was ! within tiie last month : and if it was ; right and proper for the Republii can delegation in Congress from i Indiana to vote for the measure. [ can it be wrong to support it at jhome ? j Our troubles to dav. political and [ financial, are attributable to the ; fact that reconstruction and resto- ; ration, have been delayed and de- ; nied. so that the negro might be [ clothed with the political power of | ten- States, not because he was | loved, but because political power ; in his hands could be controlled j and used for parti- purposes, and i to promote special and local interests, in which the body of the people do not share. Then let us reverse this action. Let us once more have a united and harmonious [ country, and government admini’s- | tefelT for the-benefit of the whole The man is too stupid or too dishonest to merit the confidence of j the people, who now tell them this j would restore “red-lianded’rebels” [to power. Since 1862 it lias been and now is the statute law of Congress, that no man shall be a mem-

her of Congress, or bold any office under the United States, who engaged in, or gave aid to the rebellion. Next in importance as affecting the welfare of the people are the questions tiiat relate to our public delft; to our systems of taxation, and to our currency. Those questions will be dispassionately con- [ sidered by the people, and decided i in accordance with their interest, ; and as becomes their honor. : ! The treasury statement of December 1, 1867, shows the public debt on that day to have been as follows: i Debt bearing coin in- | terest, $1,840,367,891 80 I Debt bearing currency interest, 379,292,450 90 ; MatureO debt, not presented for payment 14,178,363 83 ; Debt bearing no interest; , 405,543,857 05 ■ Total debt, $2,639,382,572 68 There was then in the treasury of coin and currency, 3138,176,- ! 820 93. ; What sum should be added for | our unliquidated debt it is not pos- ; sible now to say. and I will not undertake any estimate. I believe it has not bejih estimated in the Treasury Department. Tiie interest paid on the debt for the quarter ending September 30,1867, was ; 338,515,640 T7, For the present j fiscal year, at the same amount for i each quarter, it will be 3154,062.1561 88.

The rtceipts into the Treasury i from all sources during the year j ending June 30, 18-67, were $490,I 634,010 27. ; Os that sum there ware I from customs, $176,417,810 88 ; From direct tax. 4,200,233 70 j From internal revenue, 266,927,537 43 ; Duringqnartcr ending I Sept., 30, '67, the receipts frofn customs were at the rate per | annum; $192,327,630 44 i From direct, tax, 2,588,283 32 ! From internal revenue, 215,136,109 96 | And from these sour- ! ccs, from the lands * miscellaneous sources, nt the rate per ; annum, $484,647,714 48 During quarter ending Sept. 30, ’67, the expenditures have been at the rate per annum, $393,076,904 72 Os that sum the expenditures of the War Department have been at the rate per annum, $122,148,227 40

Upon this statement a prominent feature that attracts attention is tiie fact that there is loocked up in the treasury, 3138,176,820 93. Os that sum about one hundred million is in gold and silver. When the public expenditures in currency are so large as at present, it is not unreasonable that there should accumulate in the Treasury thirty-eight million dollaars — but when, to meet the interest on

the public debt, the salaries of our foreign Ministers, and other coin demands upon the Treaasury, expenditures are made during the year of about one hundred and fifty million dollars, it is most unreasonable that the accumulations of gold and silver should remain for many months at above one hundred millions; and it is an evil that is felt in all the veins and arteries of our business and trade. This is an evil, the origin of which must be ascertained and removed , for had that hundred million been available to the business of the country, we would not experience the present paralysis.

Ko. 42.

It is as if one-sixth of the blood were taken from a man’s body, and ho were required to perform as much labor as befor. Some have supposed the Secretary of the Treasury responsible but that view is not just, for he cau not aj void this result, under existing i laws, without the exercise of danI'gerous powers. Under existing ; laws the duties on imports bring I into the Treasury, in coin, from j one hundred and seventy-six to one hundred and ninety millions per annum. The Secretary can not make it less, for ho must collect the fixed rates upon all goods brought through our ports. When in the Treasury, the coin can be paid out only according to law. To pay the interest, and other coin demands upon the Treasury according to law, there is required from one hundred and forty-two to one hundred and fifty millions. Thus there is constantly acccumulating in the Treasury at the rate ; of twenty-six to forty millions pet j annum. Some suppose the Secre- | tary should dispose of the accumulations by public sale; a most objectionable mode, distracting to legitimate commerce, disturbing values, and dangerous to the integrity of the public service. The remedy is a plain one; it is to re turn to the policy of Andrew Jackson ; to collect from the people only so much money as is required for an economical administration of the government. During the last six years a shameful advantage has been taken of the people, whilst their attention was attracted to the prosecution ofthe war, and the political questions attending its close. Uudcr the pretense of raising revenue, the tariff has been so adjusted as to tax imported goods at fluorous rates, and thus enable our manufacturers to charge corresponding rates, and realize cruel profits from the consumers. The result has been to fill the treasury with gold and silver to excess,' and to paralize western trade, industry and enterprise; and all this that capital invested in manufactures might have unequal and unjust returns. It was passed on the 2d of March last, and is found on pages 196, 7 and 8 of the pamphlet laws of Congress. At that time the gold accumulations were about one hundred million, and tiie Secrecary was being severely censured on that account, yet the title to the act was to “provide Lacre/ised revenue from imported wool, and for other purposes.”— To conciliate the wool growers, the first section imposes a duty on foreign wool of ten to twelve cents per pound, and from ten to eleven cents ad valorem, aeeordingto the quality; but to compensate the manufacturer, the second section imposes a duty of six cents per sqaure yard and in addition thereto thirty-five per eent. atl valorem, on women’s andchildren’s dressgoods composed wholly or in part of wool, and valued at not exceeding twenty cents per square yard.— That has been the lav during the past summer and fail, while gold has been above forty per cent, premium, and has added to the accumulations in the treasury, and added largely to the profits of tiie persons engaged in manufacturing such goods in this country ; hut what lias been the effect upon the mechanic and farmer in Indiana who has bought for his family ?— Suppose the square yard to cost at the custom house in New York sixteen cents —wbat will it cost the consumer in Indiana? Specific tax 6 cfs. A l valorem duty * 5 60-100 Premium on gold at 40 ata,, 4 40-100 Making 16 eta. Tfe~tax and the premium on the gold iii which it is paid just equal the cost of the goods, and it comes into the importer’s house in New York costing him thirtytwo cents. He adds his profit and the retail dealer charges a profit, and it costs the farmer or mechanic in Indiana above forty cents.— Is not the remedy a plain one? Stop the excessive flow into the treasury and the accummulation there, by reducing the duty, and thus cheapening the goods to the consumer.

The report of the Secretary of the Treasury shows the fact that for the year ending June 30, last, the expenditures for the War Department were §95,224.415 63, and during the first quarter of this fiscal year 830,537,066 85—being at the rate of 8122,148,227 40 per annum—and showing an increase of expenditure over last year at the rate of about 827.000,000, which I suppose is a part of tbs