Evansville daily journal. (Evansville, Ind.) 1863-1866, 1864-08-08

lators, ike all others, have much to
learn IN new condition of affairs An
entirely new system was to be devised
and thA: system must necessarily be tbs
growth of time and experience. Il IS
not strange that FIRST efforts shou'
have proved imperfect aud Inadequate
To lay heavy burdens on q great and
patriotic people in such a manner as to
be equal, and as to occasion the least
amount Of suffering and annoyance, re
quires time and caution, and vast labor.
and, with al these, experience is neediul
to test the value of the system and cor
rect its errors Such has been the wo. K
which Congress was called upon to per
form / am happy to say that daily results
are proving the Internal Revenue act 10
exceed in efficiency the most sanguine
expectations of its authors. In the
month Of June, 1868, it yielded about
four and hall millions Of dollars, while
the corresponding month Of this year
returned about fifteen millions under the
same Law. Under the present Law.
which went into operation on the 6rst
day OF the present month, the Treasury
not nnfrequently receives one million 10
a day AS time and experience enable
the officers employed in collecting the
reEenee 10 enforce the stringent provis-
ions of the new law, trust that mil
hon per day will be found the rule and
not the exception. Still, much space is
undoubtedly left for improvement in the
law, and in its administration, as a great
er amount Of necessary information is
acquired. The proper sources of reve-
nue., and the most effective modes of OBJ I
tanning it, are best developed in the exc.
cutiOn OF existing laws And | have
caused measures 20 be initiated which
will, II is believed, enable Congress so
70 improve and enlarge 'the system
as, when taken in connexion with the
revenue from customs and other sources,
10 afford an ample and secure basis for
the national credit Only on such
basis, and in steady and vigorous re-
straint upon currency, can be remedy
for existing evils. Snch restraint can
only be exercised when the Government
is furnished with means TO provide for
its necessities But without the aid Of a
patriotic people any Government is pow
erless for this or any other desirable
end.
The denominations Of the notes pro-
posed TO be issued, ranging from iity TO
five thousand dollars, place these seeari-
ties within the reach of all who are dis
posed TO aid their country. For their
redemption the faith and honor and prop
erty OF that country are solemuly pledg.
ed. 4 successful issue to this contest,
now believed to be near at hand, will
largely enhance their value to the hold
er; and peace once restored all burdens
can be lightly borne. He who sel6shly
withholds his aid in the hope Of tarniug
his available means TO greater immedi
ate profit, IS specializing upon his ooun-
trY's misfortunes, and may find that
what seems to be present gain leads only
to future loss appeal therefore with
confidence to loyal and patriotic peo-
pie, aud invoke the efforts Of ali who
love their country, and desire for il
glorious future. to aid their Government
IN sustaining its credit, aud placing that
credit Gpon stable foundation
W. p FEssESDEx,
Secretary Of the Treasury.