The public Treasury, which should only exist as a conduit conveying the people's tribute to its legitimate objects of expenditure, becomes a hoarding place for money needlessly withdrawn from trade and the people's use.

The great revival of trade, internal and foreign, will supply during the coming year its own instructions.

The custom-house should be a business office.

The importation of manufactured goods was at the same time reduced in an equal degree.

The external commerce of the United States has for many years been the subject of solicitude because of the outward drain of the precious metals it has caused.

For fully twenty years previous to 1877 the shipment of gold was constant and heavy.

It is believed that general prosperity, which has been so long anxiously looked for, is at last within our reach.

Our public credit has greatly improved, and is perhaps now stronger than ever before.

A currency worth less than it purports to be worth will in the end defraud not only creditors, but all who are engaged in legitimate business.

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

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

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 slaves in any named State.

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.