Economy

The immense mineral resources of some of those Territories ought to be developed as rapidly as possible.

In my judgment it will be found impracticable in the present condition of the currency to make such a discrimination.

During the existing war it is peculiarly the duty of the National Government to secure to the people a sound circulating medium.

The currency of the District, should this act become a law will certainly and greatly deteriorate, to the serious injury of honest trade and honest labor.

In the mere financial or pecuniary view any member of Congress with the census tables and Treasury reports before him can readily see for himself how very soon the current expenditures of this war would purchase, at fair valuation, all the…

It is impossible to avoid this catastrophe unless we make provision this very day to meet the lawful demands on the public Treasury.

Under any form of government extravagance in expenditure must be the natural consequence when those who authorize the expenditure feel no responsibility in providing the means of payment.

Without this the Treasury will be exhausted before the 1st of January and the public credit will be seriously impaired.

The country itself, thus obtained, is of incalculable value in an agricultural and commercial point of view.

I can not, however, withhold the remark that its advantages contrasted with a bank of the United States, apart from the fact that a bank was esteemed as obnoxious to the public sentiment.

The issue of one note in redemption of another is not the payment of a debt.

The exports, too, from the United States to China constitute an interesting and growing part of the commerce of the country.

The importations into the United States from China are known to be large, having amounted in some years, as will be seen by the annexed tables, to $9,000,000.

An Empire supposed to contain 300,000,000 subjects, fertile in various rich products of the earth, not without the knowledge of letters and of many arts, and with large and expensive accommodations for internal intercourse and traffic, has…

I can not forego the occasion to urge its importance to the credit of the Government in a financial point of view.

The credit of the Government may be regarded as the very soul of the Government itself--a principle of vitality without which all its movements are languid and all its operations embarrassed.

I did not think that I could stand excused, much less justified, before the people of the United States, nor could I reconcile it to myself to recommend the imposition of additional taxes upon them without at the same time urging the…

Relating to the sale or exchange of Government drafts, etc.