The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1864-09-14
Another Letter fssn ss.ls.slg nerkdm

Another Letter ffsla sss1e.a,g hsHkolm.
The Savannah News publishes the toll
lowing letter from Mr.. Trenholm. Secreta-
~ Of the Treasury, to a gentleman Of that
city:
Richmond, August 9Th, 1854.
Mr. DEAR Sig ~ have received your
letter Of the 4th inst. and read il with
great interest. Our views have been gen.
orally Of accord upon the subject Of The e.
nances, and ! would willingly follow now
the course you recommend. il il were pos
sible. But il is not; the recent measures
Of Congress are but partially accomplished;
and to arrest them half way. and attempt
to substitute others. woul, lead to conei.
,isn of things approaching financial ansr.
chy. Until the regular session OF Gen.
gress, nothing can be done in the way OF
Legislation Tor the redress Of present ills
shall do all in my power by prudent
administration of existing laws to sustain
the credit Of the Government. until Goa.
gress assemblies. And having given to
their measures patieHt, fair aud deliberate
trial, l shall perhaps be listened to then
with more attention, in suggesting Bea.
sures Of refarm. For what may take place
In the meantime am in no way respon.i.
BILE. But our difficulties ought not to be
aggravated by this short delay and they
can became 50 only in one vay. viz: BY
the people advancing the price Of supple,
upon the Government. The chief outlay
now is for wheat. corn, fodder and mca,
wooden and Gotten goods; and railroad
transportation. For these the Government
deals with the planters. the manufactures
and the railrsad companies. Nearly all It's
foreign supplies are now imported through
is own agencies, and adds bot li.tle either
10 the circulation or the funded debt.
For the home purchases enumerated, ans
all other domestic expenditures. it is esti.
mated that the outlay will not exceed three
hundred millions from the Is, Of July 10
the 5lst December. provided that price,
are not advanced beyond those Of last year
These expenditures are thus under the al
most absolute control of those three inter
ests- And Of these the planters are III,
chief in number. importance and iniseace
They hold the entire supply Of food fsr lh'
soldier in the 6eld anti his family at hone
Will they advance the price II f.nd ant
with IA ABUNDANT harvest: | hspe m,
believe they will not.
BE that Is il NAY, IL is = risk that ~
been deliberately undertakes BY Congress
IN the arrangements ot The tws bills. an
upon them the responsibility rests. IN
Virginia planters hass neby dome thei
duty. 10 halding public meetings and %
posing any advance Of the schedule price
for their productions; and Ne must hop
that their brethren 10 ether States sil M
tispl,ys smaller share Of satrisiisn an
wisdom. There is no class SO deeply con
eerned - themselys. IN keeping dDwn tn
expenses Of the Government. They ar
the great property holder, Of The eountry
and upon then must al last rest the che
bsr,hes Of II. public debt. yhe.. can b
no escape irsm its .ltiaats piymeat eve
now the bonds of the Co.ersment 10 i'm
uenss Sums ars daily esssiHg isto III
hands Of foreigners. ssi essinr mors an
mDre under the pr.teotiss Ut inlernatisps
obligations. AID ear pssple are thus blind
II allowing the saly descriytisa Of sseuri
~ that vIll nsiaisiI is present vslss .
the rstars.af voscs 10 pass irto the hsnd
&c strangers, shiis ,hsy themselves q
eEpioyire tie lsrx. .ss psid ihrs ny u
Go,erasest fer t-sestis predictions.
initiate marc sas gore the prices u. oil q
scripiisR, sf ptnpertY. saiy 70 fad the
supposed game sept away by the rsiss'
deciiae that ~ill follow the retsrn Of pesc'
RI The planters uw their true ihterss
they would be fifst to insist spon low pr
ses ant prudent expenditures. And III