Evansville daily journal. (Evansville, Ind.) 1863-1866, 1864-08-08
To lhe People OF the United States.

July 70, 1904
By an act of Congress, approved June
80, 1864, the Secretary Of the Treasury
is authorized 10 issue an amount not ex-
| ceeding two hundred millions Of dollars
in Treasury notes, bearing interest At
rate not exceeding seven and three
tenths per eentum, redeemable after
three years from date, and TO exchange
the same for lawful money The Secre-
sary is further authorized 10 convert the
same into bonds, bearing interest at
rate not excesding.siK per eenlun, pay
able in coin
Ia pursuance OF the authority thus
conferred, | nov offer 10 the people Of
the United States Treasury notes as de-
scribed IN my advertisement dated JAY
25, 1864.
The circumstances under which this
loan is asked for, and your aid invoked,
though differing widely from the existing
state of affairs three years ago, are such
as afford equal encouragement aud Sc
eurity Time, while proving that the
| struggle Tor national unity waste exceed
in duration and severity our worst anti
| cipations, has tested the national strength
and developed the national resources, 10
an extent alike unexpected aud remark
able, exciting equal astOnishment at
home and abroad Three years Of war
have burdened you with u debt which,
but three years since, would have seemed
beyond your ability to meet Yet the
accumulated Sealih and productive en-
ergies Of the nation have proved TO be
so vast that il has been borne 9Th CON-
parative ease, and peaceful future
/ would hardly feel its weight As price
I paid for national existence, aud the pres
/ ervation Of free institutions, il does not
/ deserve q moments consideration.
/ Thus far the war has been supported
aud carried on, as 1t only could have
been, by people resolved, at whatever
/ cost Of blood and treasure, to transmit,
| uuimpaired, TO posterity, the system Of
Government bequeathed TO them hy the
men who framed it, This deliberate
and patriotic resolve has developed a
power surprising even to themselves. It
has shown that in less than century
nation has arisen, unsurpassed in vigor
and exhaustless in resources, able to
conduct, through series Of years, war
on its most gigantic scale, and finding
itself, when near its close, almost unim-
paired in all the material elements Of
power 1t has, st the present moment,
great armies in the field, facing an enc
my apparently approaching a period Of
utter exhaustion, but still struggling
with force the greater and more despe-
rate as it sees, and because it sees the
near approach OF final and fatal con-
summation. Such, in my deliberate
Judgment, is the present condition Of the
great contest for civil liberty in which
you are now engaged
Up to the present moment vou have
readily and cheerfully afforded the means
necessary to support your Government
in this protraeted struggle. II is your
war. You proclaimed 1t, and you have
sustained it against traitors everywhere,
. with patriotic devotion unsurpassed
! in the worlds history
, The securities offered are such a:
> should command your ready confidence,
Much effort has been made to shake pub
; lie faith in our national credit, both a
: home and abroad As yet we have asked
no foreign aid Calm and selfreliant
our own means have thus far proved ad
!, eauats to our wants They are yet am
pie to meet those Of the present aud tht
fature Ii still remains for patFiotil
PEOPLE to furnish the needful supply
| The brave men who are lighting our bat
ties By land and sea must be fed an;
clothed, munitions of war Of all kind
must be furnished, or the war must en-.
l. Tk.- -
h time for any lover Of his country to ia
ouire as to the state of the money mar
ket, or ask whether he can so invest hi
k surplus capital as to yield him a large
n return No return, and no profit, cal
/ be desirable If followed by national dis
?, solution or national disgrace. Presen
. profit, thus acquired, is out the precur
( sor Of future and speedy destruction
> No investment can be so surely profta
: bic as that which tends to insure the ns
tional existence.
. an encouraged in the belief that b
= the recent legislation of Congress on
:, finances may soon be placed upon
: sounder and more stable footing Th
: present deranged condition of the cur
= rency Is imputable, in great degree, t
!. disturbances arising from the withdrAEs
;. of necessary checks, often inevitable i
time of war, when expenditures mu;
= largely exceed any supply of coin. Th
opertunities thus presented 20 acquir
: sudden wealth have led to vicious specT
os lation, consequent increase of prieet
:. and violent huctuation The remedy
"A to be found only in controlling the neee
zifv whiph hauatS tho avil Hitherto "
= have felt the need Of more extensive an
!. vigorous taxation. Severe comment Ia
d. been made upon what seemed to mau
4. sn undue timidity and hardness of actio
D on the part of Congress, in this regarI
tn deem it but just to say that very gre'
misapprehension has existed, and pc
hsps still exists, upon this point Leg