, 1863-01-20

adequate provision 1or tne 1a!stns Of money
keen them within due Limits, must soou pro-
aucc disastrous consequences, and tho mat.
ter appcars to me SO important, that fcel
1,ound to aJail myself Of the occasion to ask
tic special attention Of Congress to 1t.
:. That Congress Las the power to Teg9ia1ee
the currancy Of the country, can hardly admit
Of doubt, and that o judlcions measure 70 PFC
rent the deterioration Of this currency. hy
reasonable tax on bank currency, or otuer-
Wiee, Is needed, seems equally clear:
Independent Of this general consideration,
itwonld be unjust to the People , AZ .asgs gs;x e
lego Of circulation, from their Just proportion
N no order ft to raise money By way Of loans,
most early and most cheaply: 1t Is clearly
necessary to gys every Roesinda and snppGas 70
currency, on which taxes, subscriptions to
loans, and all other ordinary public debts may
be paid, is almost, If not quite; Indispensable.
Such currency can be furnished by banking
associations, authorized under genera act
| the beginning Of tile present session. ~.
| The securing Of tAIs circulation BY the
pledge Of U. s. bonds, as herein suggested,
roufdstillfarthcrf facilitate loans BY increasing
the present, md causing fnture demand for
s'fn fn zen eSa9ei Il nsnctus1 financial enbarrass
! uents Of the government, md Of tho greater
| embarrassment soon to come If the necessary
| means Of relief are not afforded, 7 feel that
should not perform my duty bye simple an
| luton, which PROPOSES relief only By inczeas-
Ing the circulation; without expressing my
earnest desire thAt measures, such IN 8ub-
stance as those haye just referred to, ,may re-
ceivc the carly sanction Of Congress-.
By such measures, In my opinion, VIII pay
rnent be most certainly secured not only to
the army and navy but to all honest creditors
Of the government and satisfactory provision
mndc for future demands on the Treasury: :.
a. L1SooLH;
| The joint resolution authorizing the issue Of
| 500, ,O00 600 United States Treasury notes be,
came law to-day, and upon nf1ea1nlng that
fact. the Secretary Of the Treasury immedi.
ateiT placel to the credit Of the several pay'
masters, An aggregate amount: sufficient to
pay the whole army and unEyof the United
Etates. Fifty-three paymasters have a oS been
supplied with sunls ranging from $oo,0Vo tt
$7,450, ,0o0-this last named amount was SEN
. to Charles g. Leonard, Louisville, KY, ami
$3.50, COO to n. ". Brown, st. !Louisi S6U,
eco to San Francisco; S250, 600 to lndianapo
lis and tho same amount to st. Pau; Slo0,NJ
Kansas the remainder vas 1aEniSnea nian a.i
NJ The t senate in executive session to~dsy con
. trmed the nomination Of J. II. Peritt Ha,
+ rington Of Oregon, to be Superintendent e.
. Indian Affairs in Oregon; ken}aml4 SiEI
> SON, Indian Agent Of same State: Ephrar
. Longiear, Postmaster at Lansing, Michigan
r Illinois; Daniel II. Whitney, Postmaster
!, Green Bay, Wisconsin.
. It is stated on the authority Of GcneE
s Sumner, United States Treasurer, that Il
hooEs IN his Office show the amount Of ol
9es,ova A. nofcs @ absorbed now ayeruge $500 0,
= ner 1ay. ~
is The Presidents message accompanying b
j. annroyal Of he one hundred million dolla
# Treasurv Note bIll. was referred to II
70 t,,a ,a111 Honae }ha as;onrnment took place pen