Brownlow's Knoxville Whig, and rebel ventilator. [volume] (Knoxville, Tenn.) 1863-1866, 1864-08-10
NUMBER 30.

the money markel, or ask yheifeF be eau
- irtess bis surplus capital - to yield hin
larger rptaFn. No return aud DO pToEt
can be desirable " IoIiowed b. national dis-
eoIafion Or national diSgYaee
Present profit thus acqnlscf IS bar the
precursor Of faiare asd speedy ,essrnctiga
No inFeg1essBs 1ahs 20 Yroaaatjs ~ that
esiebtead q iseass tse aa;iar,at ssssssasz
) An ts9esgeepf ~ 0ss fs:.s{ sxss be the
recent lexfsIaff0n ~ Cod ssaAs 80 49,,
may soon be pIneed ngen soslnder and
aors stable fDoling The preseal doFa,ged
condition u the enrYsney j impaialiic IN a
great degree to tbe dlsiarbanees arising
Ifem the sithdrawal of necessary checks
oftsn isctitabie in time or war when the
expendisurcs must largsiy exceed aay pos
siblc supply 81 coin.
The opportunities tbes present 10 acquire
sudden wealth have Ied 70 vicious -Detula-
ton, consequent ipercase OF prfres, AL
violen, fuctuati0h The remedy Is 70 De
found only IN controlling tie ncetsaiiy which
bogets the evil Hitherto We have isit the
nusd Of mere extensive aud yigorSrs taxa
ton. Severe comment has been mai.s pm
what SEEMED 10 many timidity and iilrdi-
ness Uf action on the part Of Congress in
this regard | deesa il but iass 10 say that
very great misapprehepsion has existed
a0d perhaps still exists, upon this poiat.
Legislators, like al Others, have much %
learn in new condition of afIair1 Au en.
tirely new system was 20 be devised. and
that system NUT necessarily be the growth
Of time and experience Ii is not strange
that the first efforts should have proved i'm
perfect and inadequate. To lay heavy bur
dcns on great and patriotic people in such
manner as to be equal and SO "A 20 oeea-
sion the least amount OF suffering or annoy
ance reqHircs time and caution and vast
labor and with all these experience Is need
fal 70 test the, value Of the system aud cor
rect Is errors.
Such has been the work thai Congress
was called upon to peforIn | ata happy 10
say that daily results are provoking the In
tefnal Revenue act TO exceed in efficiency
the most sanguine expectations ofits authors.
For the month Of June. 1858. II Welded
about e 500 900, while the corresponding
nloath OF this year returned abogt $1,000
COZ under the same law, which went into
operation on the first day Of ths present
month"; the Treasury frequently receives
81 900 goo in single day.
As time and experience enable the officers
eInpIoyed ia collecting the revenue 70 en-
foree the strength IL the provisions Of the
new law | trust that fniAi8a eer day
viii he found The rule and DOT the exce,5
ton still much space i unaeGbtssily left
Tor improvement in the law and is sslmip
ielsatioH As 8 great aosGuHt s,f neSesssry
Information Is required, The proper s5nrccs
Of 'revRnue, and the most effective nltssIe Of
obtaining i are best developed in the execu
tion Of tbs existing laws, aud ] bave caused
Eaeasures to Be initiated which vii, II fs be.
iiexed, e'faess Congress so O. iaspreFs and
enlarge the system as. when taken ia con
nection with the revenue from eastt,fus altd
other searces, 20 afford an ample and secure
basis for the national credit
Only en- such basis aad on stesagT and
vigoreas restraint upon the scurrenev. csn n
remedy be found tor existing. evils. Such
restraint can only be exercised vi rn the
Government is farnishe.l with meaas 20
provide for ita necessities Bat without The
aid % y patFioaic people the arm OF the gov.
oPnIneRt is pewsriesz Tor this or sny osaer
desirable end. The denomination oi The
notes proposed to be issued ranging f.on
$50 % 50 900, place these securities within
the reach of ali who are tiis1 osesi 10 ailtl.eir
country.
For their redemption the faith. and hon.
or, aud property OF the country are sssieusnly
pledged A speeessfdi issue to this eamtest
now believed 70 be near at hand. VT. large
iy enhance their value to the hel.itrs. and
peace once restored, all burdens caa be
tightly borne. He who selfsbly withholds
his aid in the hope of turning BIS ayaisable
means 70 greater Immediate profit IS speeu-
iating upon bis eonntrys mistorsanes, and
may End what seems 20 be present gain
leads 10 future loss. / appeal, tAeseiure,
with confidence 70 = loyalaHd patriotic poo
pie, and invoke the effort of al VIC love
their country, and desire for is glorious ia.
ture, 10 aid the Government in sustaining
iss credit. and placing that credit upon a
stable foundation.
w r. FessgSDKS,
Secretary az the TreaSurv