The Carolina Spartan. [volume] (Spartanburg, S.C.) 1852-1896, 1864-10-20
755 1853 80 6ss 63l $50 5l7 49, 337 Ala 347 BIG 26

us to take in the exigencies of the coun-
try.
"The people, think, will appreciate our
action, and approved what duty required
'nd patriotism demanded; hu. wi ether APP
proved by all or not, ours is the rcsponsi
| o,!ity; and We leave it to The calm juig-
ncLt OF that public opinion which it goes
nut to meet, and which, filed tn Just
! appreciation of the success OF our struggling
cause, will determine justly upon the meas
urcs which We have taken, financially, To-
| maintain it,"
Congress has provided that the expenses
~ the Government are to be paid in rreasu
iry notes and certificates of Indebtedness
tesssisgisix Psr cent interest, ,payabss7,w,
years after the ratification OF "a treaty oi
| peace, am free iroT taxation. These Ger
| t'ticatcs are intcnC I'd To reduce the volume
og the currency, and are the most valuatc
means of payment offered by the Govern
| mcnt.
We cannot too strongly urge upon all
creditors oi tie Government, a- II measure
ior their own interest, and .o sustain the
credit Of the currency to- take these ccrtiti
Gates Tor all surplu>es beyord waa; their
necessities may require In treasury note>
accumu!ating III the hauds OF the capital
lists and others being invested in tie pur-
chase of the non taxable six per cent bonds
| provided 10 bc sold for the rcdcmption oi
these n"'cs, the currency will De rcduc",
! To the acidai Business want> OF the country.
~ credit Restored. prices lowered, the cx-
! pcnSos o! the Government econonized, tax
] diminished fh.. fin al
a.tz'd ~ .i,nc of war, such as We have been
"A cus!cnrd TO Ia time of peace May we
npt "l.h rrlson. confidence and hope, ap--
rvai 20 each Individual. ard To all glasses
90 ii" ca'"".ul''y, - u tie in accomplish
l:S ti;s m i desirable result.
/ - part # tHjs address, We append let.
/ ter from Hie Secretary ui the Treasury, ad
I dressed IL the commissioners. giving the
most concise view Of the conditinn oi the
/ 2'N ''nU.r1i. aud The exposition OF the rea
s"us whic:, niiucaccd the action of the
! tunN chtiDn.
| TREASURY DEPARTMENT, G. S. A.,
Richmond, Sept. 3, 1861
To the Cjmmissioncrs pi prices iur the sew
eral States, assembled IN Convention AT
| Montgomery, Ala:
! The Secretary ol War having requested
Il general convention OF the commissioners
oi the several Sta cs, tn consider the prac
ticabihty aud cxpcdIency ot u..Iior'n sched
! uies oi prices avail niyseit oI the occasion
to offer you, with great respect aud defer
ence, some remarks upon the Important
suiJec; that Is 10 engage your attention.
! / he condition oi He currency, and the
emOarrassnents resulting from its derangs
mcnt. are we'll kmcwn u all When gold
sc Is at tacn'y i"r one as compared with
uca>u y notes. everybody unuerstands that
| The cur "hry Is deprrcIatcu; aud when II Ii
sriu that tLr GoNetnneht supplies are pur
chiScd with IhIs deprecated currency, We
ali understand as well that the cxpend-
lures must necessarily b; heavy But ;hcs.
evils should not be allowed To 20 iurthcr-
he ability OF the Government to Conduc
! The war to. Il successful issue, and the hap
| pincss and welfare "i our people after The
| wal shall have terminated. are too deeply
involved And IN the functions comterrcd
upon you by Congress seems to reside, uu
der existing laws, the only power capable
ut 'nicrposinS check TO the progress ol
depreciation.
Looking them to the dignity of your of
hcc, and the ivoment"us results depending
upon your action, | have thought II my du
ty 10 communicate TO you every il iorma-
t'on poss sscd 10y this deiar mcnt that may
AID your jud .ment in the discharge OF your
Inn ortant duties.
O.c active cause OF The depreciation is
d.StruSt oi the Govcrnu cut securities and
1 will enduvcr to show that this disffus
as wlthou; rcaspnabc foundation. ~
! The entire public debt, funded aid uu4-