Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1863-01-23
Payment Of TFoops-Aezsags Of President Lin


Saylasns o. 4Foops-AaessaSe o. President Lin
colu.
WAsursorox. Jan.19
TO he SenaIs and House Of RepTest 'astyes:
have signed the joint resolution to pro-
vide for tie immediate payment Of the Army
and Navy Of the United States. passed by the
House on tie I4th, and by the Senate On The
18Th
Tie joint resolu; ion Is a simple authority
amoutiag, howcyer, under tie existing cir
euInstaHces, to direction 10 the Secretary Of
the Treasury 10 make an additional issue Of
SLOT, 600 600 e United States Notes, ir 50
much money Is needed for the Pay n,eul Ct tLe
the Army aud Nary.
Ny approval Is given in order that every
proper facility may be offered FOR tie prompt
discharge Of all Arrears Of pay due our soldiers
and sailors, and while giving this approval.
however, tbiuk il my du;y 10 express my sin-
cere regret that ii has been found necessary to
authorize 50 large an additional issue Of thu
United States notes. when this circulation
and tlat o, 4he Suspended banks, together
have btcome already 50 rcdInant TO Increase
lie prizes te5oud the real value thereby, aug
uiei1ing the cost o. living, TO the injury Of Ia
Der. and the e.,st Of supplies to the injury o
the ellola country.
II seems very plain that the continued issue
Of United States uoies without any check 10
the Issues Of suspended banks, and without all
couate provisions fer the raising OF money by
loans aud for funding the issue so as to keep
/ within due limits, must soon produce disas-
troGs conSaq aquenceS; ard this matter appears
10 ne 50 important that I feel bound TO avail
myself Of the occasion to ask the special atten-
/ tinn Of Congress toit.
! Congrrss has the power 10 re-..:.i.-,z yse cur
rency Of the ccgn,ry can hardly adsnit oI
-!e.;bJ, a.nd that ju6icious measure to prevent
deterioration of this carreuey by a reason abe
I toxalion Of bark calculation or otherwise i,
/ needed seems equally clear.
i Independently of their general consideration
ii would be unjust to the people at large ID
exempt banks enjoying the special privilege o
circulation, from their just proportion Of th9
/ public bnrdens.
in orltr to raise money by way ofloan'
most easily and eheapIy, il is clearly necessafy
10 give every possible support to the plhIit
credit TO that end, and uniform currency il
which taxes, subscriptions 20 loans. and al
o'htr ordinary public debts may be paid, i
lmost. if not quite. Indispensable.
ssceh currency oe furnished by bank
ing associat ous authorized under genera
act Of Congress, as suggested N the beginnina
Of the present session. The Securing OF Til
j circ,,ls ion by the pledge Of U. S. Bonds, a
Dcypin suggested, would still further facilitate
% sAa' and causing future demand for sucl
bonds
In view of the ac:ual financial embarfass
monts Of the Government, and OF the greater
embarrassment sure to come if the necessary
means OF relief are not ofercd. feel that
should not performsny duty by simple an
(nvuncenlent Of my approval ofthe JOINT rfso
lution, which pro-tsses relief only Increasing
Tie circulation. without expressing ny earn
est desire that measures. snch in substance "a
those l have just referred 70, may receive th
carly saunction Of Congress.
By such measures. in my opinion, win pay
mcut be most certainly sceured, no: only to tE
Army and Nary, but TO all honest creditor
Of the Government and satisfactory provision
made for future demands on the Treas ~.
i. LINCOLN.