Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1863-12-16
Gbge6ela abbertiser,
Ply sIux1Ns, DuRIs0E q CO.
of the r~resiaent's Message.
klcAmoNn, Dc. s.

49, - - -
of the past year, remarking, that whilst our
successes have not equalled our expectations
We haze checked the tLemy tvdry"Lcr IN Ill
advance.
Our relations with foreign nations an. dls-
cus>ed at considerable length. Tue rreSe
dent regrets that there has been no Improve.
p,.ut since his. message il-:Jni.uary last, ana
that the conduct Of foreign nations Is less iln-
Partial and in some cases, has assumed q char
.cter positively unfriendly. Our Commits
sioners were sent abroad for the purpose OF
entering into the -gltiations proper to fix
The relative rights and obligations OF the
Confederate and United States, under treaties
entered into NTH foreign nations, priO to the
preparation which has taken place, but this
tender on our part was decliued. Hence, ss
we have been refused the benefit Of those
treaties, they certainly have ceased to oe
binding, and in the opinion OF the President
our relations with European nations are now
controlled exclusively by the general rules OF
the lag of nations.
Legislation upon the subject OF hnance ID
earnestly recommended. Although the mag
nitude and duration of the war was not at
first anticipated, still the resources OF the
country are so ample, and the spirit OF tne
,,eon|e are 20 devoted to its cause, that relief
r within our reach, The financial policy of
the government since its formation is discuss,
ed. and the President eontends that while the
provision of the permanent constitution IN re,
ference to direct taxation cannot De earned
iuto effect, the mode pointed out Is pam;
that it is the duty of Congress to execute The
general intent of the Constitution BY making
ihe tax uniform throughout the confederate
States. These considerations are greatly en-
forced by the reflection that an attempt to
annortion taxea amorg States, some OF which
ara wholly or. partially in the occupation OF
hostile forces, would subyert the whole lnten-
ton OF the tarmera Of the Constitution and be
nrnIucti,e of the most; revolving lpjustice,
i,,;ead of that Just correlation between taxa
.5,,n end representation. which 1t ~ their pur'
nosa 10 secure. With large portions OF some
Stats. occupied by the enemy, what justice
,ould there be in imposing on me remainder
IN. whole amoant of taxation OF the ehtire
State in proportion to its representation
What else would this be, in eEe;t, than to IN
crea.e the burden of those who are the eeav-
lat sufferers by .he w.r: and MAKE our own
liability to protect lhem from invaslon-as
we are bound,to do by tbs constitution
grounds for adding to their losses by an a.
tpmutea adherence to the letter, IN VOCATION
Of the spirit, of that instrument? No such
mn nose could have been entertained. aud no
such result contemplated by the trainers ci
IN. constitution. 1t may add weight 10 these
considerations if we reflect, that although the
c,, sti,ution provided it should go into opera
.,,u viii A representation temporarily dis
4ribu,ed among the States, it expressly or
GAINS. after providing for the census within
th,r.e Years Of his Temporary distribution, the
commemorative power is 10 endure until such
enumeration shall be mado. Will any one
arvue that becanse the census canaot be made
within a fixed period, the government must
=, the expiration CT that period must perish
tor the want vi Is representative body. In AIRY
aspect in ehieh the subject can be viewed,
TIE saline can be 5u. partially successful, and
the evil has reached such magnitude as To per
nit no other remedy than q compulsory re-
Guc:;on of the currency to the aniou't re-
o,ir,-d by the business OF tie Country. ln'S
r.duct,on should he accompanied by Tie pledge
that under no stress Of circumstances will
that amount be exceeded.
No possible mode o; using thu credit ri the
rovarI,meut can be az disssit0ns rs the on;
which distur5s the basis Of IL Exchanges. rem
d.ra impossible all calculations OF future value.
ou,,ue,ts in constantly increasing proportions
the price OF all commodities, and $" depreci'
.,.solGYed wages, salaries and incouc@, Ms
IN rrrder them insdeuuate TO bare sub ~'iStence.
II M these be added the still more fatal iIGu.
a,.,.. on the rsora,s and character OF the PEG
nie. to which | have already adYarsed. | a:n
uersus: ted you will concur in the. conclusion
that An iutiexible adherence to a limitation 'i
the currency at a fixed sum is all ii'dlspensa-
i1a element of any system of huauce Low To
I've adopted. Holders of the currency 10"
outstanding can only be protected in the re-
corcrv of their just claims by substituting ior
notes come other security. Ii the currency
is ,ct greatly and promptly reduced: the pres
m, state of imitation viii! not only continue ~
.xi,t, but By tn" very fact OF large amounts
thus made requisite in theconductot the war.
tbose prices will rearh rates stall more ex-
t-a,agsnt, and the whole system fall under
;ts own weight, rendering the redemption OF
:ssbt ;muossible, and destroying It's wsois
-.Ina s., the hands of the hol1er. If, ON the
.~ntrarr' the funded debt With interest Is Sc
cursd by adeeaa.e tsxation and substituted
snrshp outstandingeurrency, its entire amount
I'll he available to the holder, ard the gov
arnInSpt Will De III tuC
II. ,,.sond the reach of any possible c%ohtinc
.rncy, to prosecute the war to q successful
Ss,ns. il il therefore demanded as well by
,se ;utere., of the creditor as of the country
!. at barge, as evidences OF pubic debt outs'and-
inc in the shape Of treasury potes can be
converted into bonds bearing adequate i'll,
terest, with provision for taxation Sufficient
to ensure the p%unctu.l payment and final re-
demption of the whole debt.
he President recommend. to the consid-
.ra,;,, Of Congress the report of the .Secre
ssIy Of sha Treasury, and hopes it will engross
~ in The maaner best. adapted to attain the
important results which tie country antcl-
pates from its action. -
The President believes the army to DO in
al, r~esnects in better condition than at any
sr.y;ous period of the War. He recommends
sae restoration to the army ofall who are i'm
r-,.a,ly absent, putting an end to Sub titu-