Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1864-08-25
TREASURY DEPARTMENT, G. s. A.,
Richmond, Aug. 5, 1864.
To HIS E1eellency Governor Bonham:


Richmond, Aug. 5, 1864.
To HIS Ezeellency Govsrnor B0nham:
DEAR E1a: Your very kind and encouraging letter
of the 30h ultimo was received yesterday If il shall
prove to be my happy fortune through the Divine bes
sing to contribute in any degree to the welfare OF my
country shall be than compensated for all the
bors and anxieties to which [ have appointed
Expressions of confidence and good will the part OF
my fellow clIzans such you have been good enough
to convey to me, ere mCst grateful aid encouraging.
regard tie Treasury of The Confederate Sates 0sI
peculiarly the Treasury of the people, and there is 10th
ing ln the power of man that would restore it
to condition of ease and prosperity the universal
ano generous sapport of people. There nothing
present circums ances to inspire aar On the
contrary every motive for confidence. An all pervodng
cause OF embarrassment AID distress has been the chNr
acter of egs!a ion. However pa RIO cay intend
ed, it is Lot TO be denied that the adopted by
Congress for the reform OF the CucreSe h4d Tie DUa
py effect Of Inspiring the public mind 1ith Eeel =
fear aud d.srusI to tie that w0ad uttlala
ly be pUrsu>d 10 relation that part the pu bic debt
that is represented 0y tde 7 easury Noes. A@.se-
nenelons OF ultimate reputation cTep5 like al pc
vadiug poison into the minds OF the people, anu
greatly crcumscrbed aud diminished the purchasing
power OF tbs NUtts
There wele many distinguished and patrotic rueu 10
Congress wro earuestH believed that he great, i 10
he soia, evil Of the cUrIe-cy be found il
duudancy AMI reasoning from this premise
1ey lnrIred tnat sjondng rsduc ION Of
large volume Ot the DurcbAslDg III wJuld prCduc,
imutd redUc IL te prlc~ of ali sllcaJ.t
mod ties. OlheIs q Il CpluOn, d,d
oeevlJg that The purchasing pJwcr ed Value IF hes
noIea had critical scnstVe deptDdtnce up0n tue
coDfteuce and good will OF ih~se were Called uJ04
10 exchange lnotr 81 Stance Tor them, Insisted thlt
reduction ot be quan lty by any measure LAT DIS VI
cd he c,s fdence of lie pope IN ne goOd al OF the
GOVefneuC would iead 10 universal Ci3tEu55 alI St
gTc-ttr depreciation.
he maj 1r.ty VAS unhappily found to4 be ct the f8
op!ulon, aDd II ms. now be unVsrsaiy ad altted,
think Tat the p0Hcy that prevailed erIJ4tOds,
queuces precisely eucn a5 had baen pTeJlcteu
ny those Opposed II. he lmmcnor reduction g.
&C ID by ol 33 q r:er eVed upon the
rtny, It'd by tue process vi mqul5ory fuudl1g, pre-
due We lode thsrt upon tle P.ic-s oi lies
Eve g boas riga utd, lazus', lev Issue OF noes
cha The las, and resting Tor their
support crcuiatiAg mediam upon the sam piedges
8h uad eLdtd Ia disappointment b ore.
haJ is the til ;aity have TO en1cu1ter,
[ thick every candld person must allow, and Ecaun0
refran from lnduigIng he hope hat new and SCUM G!
pulley 1l gOveIn our III uTe legislation. ihe patriot
Congress IS net 10 be ca,ied IN question:
We u liberty douot their Willingness reDJunce any
poicy tnat may be pGoVea by eAporence to be eron-
cous and macnitvous Oar peofe, at tue same time,
oud be sient SID IN lhls rtspecf the patriotic
cinzons Of the geat ard suf.tlRy Common wealth OF
VI glnla have gel nUble Example.
On up Arrival in Richmond l found that the Com
nssloners cf prices had fixed lie scuedu9 rats Tor
wheat and com $40 and $Z4 per bush1
9ctl EGiY, lunll5 U!
iue tee, l1g OF dsnppon ilent aud aarm VIA which
Was pred b. clICauotanc ,yuu easily imagine
ils pulL!u eng "ha, h0WeFef, eJou changed LoE oLe
of renewed c0nhuence aud 40 ~ tbs farmers OF Viz
g,pia. Pubic meetings neld l. The agricultural
uuuutfes ions adopted boldly aVoWIng in
possibility tanning the poniic fIJh Ii toe Gov
ernlDtnt orced by ice people pay sacn pr
tor suppiles aUd pAlri0tcaHy Insisting upon Iaduc-
on vi and4rd rates and their JsGment upon
basis sufficiently io@ TO Inspire confidence Ii
Fh,f fn1
st I'll o-d and reduced the SC dule .lces TO @71a for
1ueat lor the month Il August and s. oepGem
Wis aud mJre patrl0lc course was never pacsued
by aDy peopie, aud would respectfully appeal you
as the Chiti Magistrate OF Our gallant and p2trouc
ate. 10 Suggest aud encouCag5 similar meetings. and
ttsoiu 1ions on the p4l5 Vi people. have al
abldlng couidence tnaU general aud well estap-
osned belief the lntenLon OF Congress- under
90 circumstances OF temptation or trial, to shrink
from tne obseEvanle Oh the most rigid good taltU
10 the money dealtgs OF Inc GoVegnnens VIII enable Us
10 overcome all our financial difficulties. That such
Sht ir real ion cannot doubt; but this datermn-
alton should be encouraged aad supported by tbs puo
declaration OF people, EXPRESSIVE OF their own esO
Lutte will to foster the credit OF tue Government bY Cne
esta bllsnmen5 OF oH prices, and by th patriotic cup
port of lis treasury. WnaeVec dharer OF opinlu,
may eXs ed the past or whatever errors may o.
supposed 10 nave been cJmmLted, may De bu.i led
| 10 a COMMON grave. We are naklUg new s.art Ill
nGncies and onder clrcustancts py no m5aus ul-
| favorable Or dIScUuragDg.
| YLe expeDdIture5 the Government ere OF two
casses-thoge incurred abroad, aud these incurred
home. La respec, u tue h8t, there has hitherto been
little tmo4rraesmen tnere any IedsJu to tx
pecL greater difficulty The uIare. Ouf fcreg1 sup
| Plies viii probably be procured without Making aug
addition 10 the public dcot Inc malice Ot our ots
having raised the prce IT cotton 30I per pound
Eurouean markets, Wnlt LUe depreciation dt
| iency ena 1les toe Guy hVmG =
| IS &C ually I'd. 1t palDy n4t IL b.
iii fi .uit TO draw from eneu!es and trum tb@
com piacent spectators vi War it-
vi supplying all toleIgn tn:a would ieaTG
us only do4ea.c 4oot TO deal WILD, and @boo
is sderld thai a that Is asked u our pcot and
ali thai ih3 u VerAment Called Upo1 10 pa! IJF, %
simpy tnrlr surplus productions anI ter StV;eS III
lraUe por haulcaI aDd other aDO5, Nh"
can dvuot aoLty tlc pc lie 10 bear thS uGf1A-
"a Ii thcy gave ali ina eK. u Without cJMptuel
lou, tOey "Uuid aok las" 40 more Liz lrf surplus
aud would be no Doorec ioc gltt. Hon, thvu cau
their coLdlliou be lnuu1 y receiving .1e moucy
AL the buos of GC4erAneua IN place OF recevlng
| uotnIng?
hope my dear sir, tha& you will agree with me- 10
the opnions eeni1.eu1s have PIE g. and may
nm win me l. the cflrL EVe LeR ui d .s u1t>,u-
m,nsc o thc puolic scu upon Li4a ara 10 iC
of uur national affairs.
do no. think that planters and f4rmefs shcud aiont
be c. cd upon favor Ct over Pf'c1s -
MaDulactu -s, railroad cmDaBles aud every Ste"I III
0i tba country shpud contribute 70 Iol7 1ei'in
Let US cOu eut on sevts win mod5rae prices an Keep
down The pooi dtoi aud 10 ~ tAto' i'S ''o "s
prices swe he pu lc Du aud Gls .uE ouT o""
ndruce la The vi ue ano Ge EesJucces OF the GdV-
ernmenC.
remain, dear sir,
Yours, with great respect
e. A. TRENHOLM.