Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1864-08-18
TO THt. PEOPLE Or THE UNITED
STATES.
Treasury DEPARTMENT.. !
July rs, 1861. (

authorized to issue an amount not
exceeding two hundred millions Of dollars
in Treasury notes. bearing interest at
rate not exceeding seven and tLree-tenths
per centum. redeemable after three years
from date. and to exchange the same for
lawful money. The Secretary is further
authorized to convert the same into bon.ls.
bearing interest at rate not exceeding
six per centum. payable in coin. In
pursuance Of the authority thus conferred.
[ now offer to the people of the United
States Treasury notes as described in my
advertisement dated July 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
to afford eqnal encouragement anil
security. Time. while proving that the
struggle for national unity was to exceed
in duration and severity our worst
anticipations, has tested The national
strength. and developed the national
resources. to an extent alike unexpected
and remarkable, exciting equal astonish
mennt at home and abroad. Three years
Of war have burdened you with a debt
which. but three years since, would have
seemed beyond your ability to meet.
Yet the accumulated wealth and pro-
ductive energies of the nation have proved
to be so vast that IL has been borne with
comparative ease, and a peaceful future
woHld hardly feel its weight. As price
nd ho
preservation of free institutions, it does
not deserve a moments consideration,
Thus Ear the war has been supported
and carried on, as it only could hsve
been. By people resolved, at whatever
cost of blood and treasure, to transmit,
unimpaircd, to posterity. the system of
free government bequeathed to them by
the great men who framed it. This
deliberate and patriotic resolve has
developed a power surprising even To
themselves. 1t has shown that in less than
a 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 I'M
impaired in all the material elements OF
power. 1t has. at the present moment.
great armies in the field, facing an enemy
apparently approaching a.period of uttel
exhaustion. but still struggling with a
force the greater and more desperate as it
sees, and because it sees, the near ap.
proach of a final and fatal contamination.
Such. in my deliberate judgment. is the
present condition of the great contest for
civil liberty in which you are now en-
gagged.
Up to the present moment you have
readily and cheerfully afforded the means
necessary to support your government III
this protracted struggle. 1t is your war.
You proclaimed it. and you have sustain
ell it against traitors everywhere. with a
patriotic devotion unsurpassed in the
worlds history.
The securities offered are such as should
command your ready confidence. Much
effort has been male to shake public faith
in our national credit. both at home aud
aproad. AS yet we have asked no foreign
aid. Calm and self reliant. our own
means have thus far proved adequate to
our wants. They are yet ample to meet
those of the present and the future. 1t
still remains for patriotic people to
lnrnish the needful supply. The brave
men who are fighting our battles 10y land
aud sea must be fed and clothed
munitions Of war Of all kinds must be
furnished. or the war must end in defeat
and disgrace. This is not the time for
any lover of his country to inquire as to
the state of the money market. or ask
whether he can so invest his surplus
capital as 10 yield him a larger return
No return, and no profit. can be desirable.
] if followed by national dissolution, or ma
tional disgrace. Present profit, thus
acquitted, is but the precursor Of future and
speedy destruction. No investment can
be so surely profitable as that which tends
to insure the national e-.,,s.ence.
am encouraged in the belief that 10y
The recSSnt legislation of Congress ou
finances may soon be placed upon {
sounder and more stable footing. The
present deranged condition Of the currenc,
is imputable, in great degree, tc
disturbances arising from the withdrawal
of necessary checks. often inevitable ir
time of war, when expenditures mus,
largely exceed any possible supply o
coin. The opportunities thus presented
10 acquire sudden wealth have led tc
vicious speculation. a 'nsequent increase
in prices. and violent huctnation. Til,
remedy is to be found only in controlling
the necessity which begets the evil
Hitherto we have felt the need of NOR,
extensive and vigorous taxation. Sever,
comment has been made upon wha
seemed to many an undue tinidity AM
tardiness Of action, on the part of Con
gress. in this regard. | deem it but jus
to say that very great Misrepresentation
has existed, and perhaps still exists, upor
this point. Legislators, like oil others
have much to learn in o new condition o
affairs. An entirely new system was tc
be devised. and that system must ncces
sarily be the growth of time ant
experience. 1t is not strange that frs
efforts shorld have proved imperfect an,
inadequate. To lay heavy burdens on ,
great and patriotic people in such 1
manner as to be equal and as to occasion
the least amount OF suffering or annoyance
requires time and canton. and vast labor
and, with all these. experience is needfnl