Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1858-04-28
PUBLISHED DAILY AND TRl-WEEkLY BY
EDGAR s;SOWDEN.
ALEXANDRIA,:
WEDNESDAY MORNING. APRIL 2s, 1855
Treasury Notes.

The rumor that "the Executive has deter
mined TO ask Congress to authorize new
loan to the amount of thirty millions of do!-
lars. and to fund the twenty millions Of trea-
sury notes recently authorized to be issued"
according to the Washington union IS un-
founded That paper says:-"lnere Is 10
intention of asking for conversion of the
temporary loan, represented by the treasury
notes issued, and t. be issued, into perma-
nent loan, represented by government bonds.
Although the falling off in the revenues Of the
government during the lastsix months, as COM
pared with the figures for the same period in
preceding years, has been prodgious partly
from the reduction Of the tariff, but chiefly from
the late paralysis of business and pressure IN
the money markets of the world; yetit Is gene
rally conceded that this paralysis cannot last
and is already in r great degree oVercome.-
There can be no doubt that the business OF
the country will soon resume It's wouteu
buoyancy, and that the revenues OF the gov
eminent will at some early day swell again
10 their usual volume. There is certainly
ing the twenty-million loan from ten pora-
~ into permanent one. We are sure that
we hazard little in saying that the other
branch of the surmise is equally unwarrant-
ed. We believe that. OF the twenty millions
of treasury notes already authorized, only
about eight millions are outstanding. A
larger sum than eight millions has indeed
been issued but the excess. over aud above
this sum. have been redeemed; and the de-
partment has yet in reserve, and available,
about twelve millions Of treasury notes, Tor
use in aid of the now augmenting current
revenues produced by the tariff"
The Union adds I'VE understand that
the Secretary has made call upon bis col
Leagues of the cabinet to know what will
probably be the amount Of their respective
drafts upon him for the two next quarters,
extending from July to December. The de-
sired responses have not yet been made and
probably will not be ready for week OF two
20 come. The Secretary, therefore, is lot IN
possession Of the information as yet, himseii,
upon which to found an opinion as 20 ~heth-
es it will be prudent to call tor authority to
issue al additional 81 cunt OF treasury notes.
Che statement that there will be any call AT
ell is premature; much more So, that the
call will he for the SUN of thirty millions.
Per Contra, "Ion," the Washington CORES
pondept of the Baltimore Sun, generally well
posted on such matters, writes:-"The rumor
that the Executive will apply to Congress for
a loan Of thirty million, 10 addition to the is'
sue of twenty million, of treasury notes.
which are t. be funded, gathers strength
and consistency and will probably be yer, fed
hy a message to Congress within the wees
A. the application will give rise to much dis
cussion, and action will be lOug delayed, The
application cannot be made too soon.
SYheD the treasury notes were applied Tor
it was MT thought certain that there "ouiu
he occasion for their use. and il was believed
that they would be net in the course of the
gear, from the accruipg resenue. IL seems
that while the revenue hss not equalieo the
expectations, the expenditures promise to be
greater than was estimated"