Washington telegraph., 1864-06-15

lOr Us to know that every avenue Of nc
gotlation is closed against US; that our
enemy is making renewed and strenuous
efforts for our destruction, and that the
sole resource for us, as q people secure
in the justice Of our cause, and holding
our liberties to he more precious than
all other earthly possessions, is to com
bine and apply every available element
Of their defense and preservation.
On the subject Of the exchange Of
prisoners, greatly regret to be unable
to give you satisfactory information
The government Of the United States,
while persisting in failure To execute
the terms of the cartel, make occasional
deliveries Of prisoners, and then sus>
pend action without apparent cause. j
confess my inability to comprehend their
policy or purpose. The prisoners held
by US, in spite Of humane care, arc per
ishing from the inevitable effects Of inn
prisOnment and homc-sickncss produced
by the hopelessness Of release from con-
fincmcnt. The spectacle Of their suffer
ing ausments our longing desire 70 re-
lieve from similar trials our own brave
mon, who have spent SO many weary
months in cruel and useless imprison-
The delivery after q suspension Of some
weeks, has just been resumed 10y the
enemy; but as they give no assurance
Of intent to carry out the cartel an in
tcrruption Of the exchange may occur
at any moment.
The reports of the depattmcniS. here
with submitted, are referred to for iuli
information in relation TO the matters
appertaining to each There are two Of
them on which | deem it necessary to
make special remark.
The report Of the Secretary Of the
Treasury states facts iustifyng tho CON
clusion that tile law passed at tic last
session for the purpose Of withdrawing
from circulation the large excess Of
treasury notes heretofore issued, has
had the desired effect; and that by the
lst July the amount in circulation will
have been reduced to a sum not exceed
ing 100000, 600 1t is believed to be
OF primary Importance that no further
issue Of notes should take place, and
that the use Of the credit Of the govern
mcnt should be restricted to the two
other modes provided by Congress, viz:
the sale Of bonds ard the issue Of GER
tiiicatcs bearing interest, for the price
Of supplies purchased within our limits
The law, as it now stands, authorizes
the issue by the Treasury Of new notes
the extent Of two thirds of tho amount
received under It's provisions The cs-
timatc Of the amount funded under the
law is shown to be 100000, 900. and if
two thirds Of this sum DC re-issucd, we
shall have an edition Of 5000, ,O00, ,0G1 ID
our circulation, believed 10 be already
ample for the business Of the country.
The addition of this large sum TO thu
volume Of the currency would be at
tended by disastrous effects, auG would
produce the speedy recurrence Of the
evils from which The funding law has
rescued the country. If our arms arc
crowned with the success which we have
SO much reason to hope, we may well
expect that this war cannot be prelomg-
cd beyond the current year and nothing
would 50 much rctard tho bcncliccnt
influence OF peace on all the interests of
our country as the existence Of great
mass Of currency not rcdccmaL,c in
coin. With our vast resources, the cir
culation, ircstrictcd 10 its present vol
ume, would DC easily manageable, and
by gradual absorption in tic payment
Of public dues, would give place to the
precious metals, tic only basis ol cur
rcncy adapted tO commerce with fprcign
countries. in our present circumstan-
ccs know Of 10 mode Of providing for
public wants which would entail sacri
fees SO great as fresh issue Of Treas
ury notes and ! trust yon will concur
in uc propriety Of abs ,lutcly forbidding
any incrsasc Of those now in circulation
Officers have been appointed aud DIS
patched to the Trans Mississippi States,
and the necessary measures taken for the
execution Of the laws enacted to obviate
delays in administering the Treasury anl
other Executive Departments 10 these
States; but sufficient time has not elapsed
to ascertain The results.
| In relation to the most important Of all
subjects ut tic present time, the efficiency
of our armies in the field, it il gratifying
to assure you that the discipline aud i'll
struciion Of the troops have kept pace
with the Improvement in material and
equipment. We have reason 10 congra
tulatc ourselves Oh the results of the leg
islatioa on this subject, and on tie iu-
creased administrative energy in the
different b1reaux of the War Department,
and may not unrcasonably indulge antici-
pations Of commensurate success III the
ensuing campaign.
| The Organization of reserve is 10 Pc
grcss, aud it is hoped they will be valu-
able in aiI'rling local protection withc ut
requiring details aud detachmen;s from
active force.
Among the recommendations contained
in the report Of the Secretary OF War,
your attention is specially invited to those
in which legislation is suggested on the
following subjects, viz:
| The tenure of Off ;e of the general ohi-
GERS 10 the provisional army, and a proper
discrimination in compensation OF the diff
fareut grades;
The provision rcqui cd 10 aid Of invalid
officers who have resigned in consequence
of wounds or sickness contracted wDile Ia
service.