American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1864-08-03

An entirely new system was to be devils
ed, and that system must necessarily be
the growth of time and experience. 1t is
not strange that the first efforts should
have proved imperfect and inadequate
To lay heavy burdens on great and pa
triotic people in such manner as to be
equal and so as to occasion the least amount
Of suffering or annoyance, requires time
and caution, and vast labor and with all
these experience is needful to test the val
ue of the system and correct its errors.
Such has been the work that Congress
was called upon to perform. i am happy
to say that daily results are proving the
Internal Revenue act to exceed in efli-
cheney the most sanguine expectations of
its authors. For the month of June,
1863, it Welded about 81 SOC, 900, while
the corresponding month of this year re-
turned about SIS, 100000 under the same
law. Under the new law, which went
into operation on the lst day of the pres
ent month, the Treasury frequently re-
ceives 81 ,000,0 900 in single day.
= As the time and experience enable the
officers employed in collecting the revenue
to enforce the strength of the provisions OF
the new law, / trust that million per day
will be found the rule and not the excep-
ton. Still, much space is undoubtedly
left for improvement in the law and in its
administration. As greater amount of
necessary information is acquired the prop
er sources of revenue and the most effec-
tive mode of obtaining it are best devel-
oped in the execution Of the existing
laws, and | have caused measures to be
initiated which will it is believed, enable
Congress so to improve and enlarge the
system as, when taken in connection with
the revenue from customs and other sour
ces, to afford an ample and secure basis
for the national credit.
Only on such basis and on a steady
and vigorous restraint upon the currency,
can a remedy be found for existing evils.
Such restraint can only be exercised when
the Government is furnished with means
to provide for its necessities. But wiCh-
out the aid of a patriotic people, the arm
of the Government is powerless for this or
any other desirable end The denomina-
tion of the notes proposed to be issued
ranging from $50 to $4,000 place these
securities within the reach of all who are
disposed to aid their country
For their redemption the faith and hon
or and property of that country are sol
emnly pledged. A successful issue to
this contest, now believed to be near at
hand will largely enhance their value to
the holders; and peace once restored, all
burdens can be lightly borne. He who
selfshly withholds his aid in the hope of
turning his available means to greater i'm
mediate profit, is speculating upon his
countrys misfortunes, and may find what
seems to be present gain leads to future
loss. [ appeal, therefore, with confidence
to a loyal and patriotic people, and invoke
the effort of all who love their country,
and desire for its glorious future, to aid
their Government in sustaining its credit
and placing that creditupon astable found
alton.
w. p. FEssENDEN, Sec'y of the Treas'y.
ASSISTANT TREASURER.
Moses Taylor has been appointed Assis-
tant Treasurer at New York, to succeed
Mr.. Cisco, whose continued Ill l-health COM
pels him to retire from Office.