Union County star and Lewisburg chronicle. [volume] (Lewisburg, Pa.) 1859-1864, 1864-08-09
TO THE PEOPLE OF THE UNITED
STATES.
TREASURY DEPARTMENT,
Washington, July 25, 1864.

Washington, July 20, 1864.
BY an &C; Of Congress, approved June
80, 1864, the Secretary of the Treasury is
authcrlz d to issue an amount not exceed.
Jog tvo hundred millions Of dollar. in
Treasury notes, bearing interest at rate
not exceeding seven aud .hree-ten;hs per
( centum, redeemsble after three years from
date, and to exchange the same for lawful
money. The Secretary is further author
ICED to convert the same into boEds, bearing
iuteges, at rate not exceeding six per
cen,um, payable in coin. la pursuance
of the authority thus conferred, now oifer
to the people of the Uuiied States Treasu-
~ Notes, as described il 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 eq1al encouras cement and securi-
II, Time, while proving ,ha,the struggle
for natiosai Uaity was to exceed IL durs-
ton and severity on. wo.s, autiOipatious,
ha: tested the national strength, and de-
velCped the national resources, to su extent
alike unexpected and remarkable, exciting
equal astonisbnent At home and abroad.
Tnree years Of war have burdenei you
With a debt which, but three years since,
would have seemed beyond your ability to
meet. Yet the accumulated wealth and
productive energies Of the nation have
proved TO be 60 vast that it has been borne
With comparative ease, and a peaceful fu-
,ure would hardly feel its weight. As a
price paid for national existence, and the
Preservation Of free Institutions, it does
not deserve . moments consideration.
Thus far the war has been supported
and carried on, as il only could have been,
by people resolved, a: whatever cost of
blood aud treasure, to transmit, unim-
paired, to posterity, the system Of free
government begueathed to them By the
gres, men vbo framed it. This deliberate
and PATRIOTS resolve has developed power
surprising even to themselves. 1t has
shown that in less than century nation
has arisen, unsurpassed in vigor, and ex.
haust!ess 10 resources, able to conduct,
through series Of years, var On its mos:
gigantic scale, and finding itself, when
near its close, almost unimpaired 10 all the
material elements Of power. It has, q,
the present moment, great armies 10 the
field, facing an enemy apparently spproa-
ching period of utter exhaustion, but
still sirue Cling with force the greater and
more desperate as it sees, and because i,
sees, tie near spproach Of 6ual and fatal
consumma,ion. Such, 10 my deliberate
judgment, is the present condition Of the
great contest for civil liberty in which
you are now engaged.
Up to tie present moment you have
readily and cheerfully afforded the means
necessary to support your government in
this pro,racted struggle. 1t is your war.
You proclaimed it, and you have sustained
i, against traitors everywhere, with a pa
trio,ic devotion unsurpassed in the worlds
history.
The securities offered are such as should
command your ready confidence. Much
effort has been made to shake public faith
in our national credit, both at home aud
abroad. As yet We have asked Go foreign
aid. Calm aud 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 q patriotic people to furnish the need
ful supply. The brave men who are fight
iog our battles BY laud and sea mus, 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 bis country to
inquire as to the STATE Of the money mar
ket, or ask whether be can SO inves, his
surplus capital as to yield him larger re-
turn. No return, and 20 profit, can be
desirable, if followed BY national dissolu-
ton, or national disgrace. Presen, profit,
thus acquired, is but the precursor Of fu-
ture and speedy destruction. No invest
mens can be so surely profitable as that
which tends to insure the national exis-
tence.
/ am encouraged in the belief thst BY
the recent legislation Of Congress our
finances may soon be placed upon . soun-
der and more stable footing. The present
derasged condition Of the currency is i'm.
pLtable, in . great degree, to disturbances
srising from the Withdrawal Of necessary
checks, often inevitable in time of war,
when expenditures must largely exceed
my possible supply Of coin. The oppor-
Iunities thus presented to acquire sudden
wealth have led to vicious speculation, q
increase in prices, and violent
1uctustion. The remedy is to be found
,nly in controlling the necessity which
oegets the evil. Hitherto We have felt
be need of more extensive and vigorous
axation. Severe comment has been made
,pon what seemed to many sn undue tim
dity and tsrdinsss Of sctior, on the part
'f Congress, in this regard. l deem Isl