Shreveport news., 1864-06-07
The Shreveport Weekly News

for full information in relation to the
matters appertaining to. each. There
are two Of them on which l deem 1t
necessary to make special remark.
The report of the Secretary of the
Treasury states facts ,justitying the
conclusion that the law passed at the
last session for the purpose OF with
drawing from circulation the large
excess of Treasury notes heretofore
issued, has had the desired effect
and ,lrst by the LIST July the anoan,
III circulation will have been reduced
to Il sum not exceeding $500, ooo,0 900.
1t is believed to be of primary inn
portance that no further issue OF
notes should take place, and that the
use Of the credit Of the Government
should he restricted to the two other
modes provided by Congress, viz the
sale of bonds and the issue of certi.
fcatcs bearing interest. for the price
Of supplies purch based within our
limits. The law, as it now stands.
authorizes the Issue by tn. Treasury
of new notes to the extent Of two
thirds of the amount received under
its provisions. The estimate Of the
amount funded under the law, is
shown to bc 100000. 900, AID If
,wo-t thirds of this sum be rc-issued.
we shall have au addition of 5000
600, 00> to our circulation. believed
20 hc already ample for the business
oi' ,hr country. Tl. addition Of this
large sum to the volume OF the cur
rrucv would be attended by di~as-
trous effects, aud would produce the
speedy recurrence of the evils from
which The funding law has rescued
the country. If our arms are crowned
with the success which we have so
much reason 20 hope. we may we'll
expect that this war cannot he pro
longcI beyond t.!c current year. and
nothing would 80 much rc.ard III.
hcnriicent influence Of peace on all
III" interests Of orr country, as the
/ existence O, y great mass of curren-
| CIV no, redccmable in coin. With
/ uur vast resources, the circulation, If
restricted to its present volume, would
hr easily manageable. and by gra-
, dual absorption in payment of public
dues. woull give place to the pre-
ciouS metals, the only basis of cur
rencv adapted IL commerce with for
eiSn countries. In our presrat cir
cusnstauccs know of 10 mode OF
providing for the public wants Which
would entail sacrifices so great rs a
fresh issue o: Treasury notes. and |
trust that YOU viii concur in the pro-
pri",y of absolutely torbidding any
increase Of 'hos" now in circulation
Officers have been appointed and
diSpat ch"l 10 The Trans Mississippi
States, and the necessary measures
taken tor the execution o: the laws
enactrd 70 nbvia,r delays in admins
terin@ the Treasury and other Exc
eu'lve Departments in those States
but sufficient time has not elapsed Il
ascertain the results.
In relation 10 lhn most important
Of all subjects at the present time
the efficiency Of our armies in tn,
field. it is gratifying to assure yo,
that the discipline and instruction o
the troops have kept par" with tia.
Improvement in matcrini and equip
mcnt. We have reason TO conglat
: uiatc ourselves On the results of III,
legislation on this subject and o,
= The increased administrative enerc
, in the different burraux OF the Wa
Department, and may not unrca<on
ably indulge antlcirations OF com
m"uSuratc success il the ensuing
campaingu.
The organization of reserve is i.
progress. and il is hoped they will b.
valuable in at.ording local protcctio,
without requiring details and dctach
: menrs from active force.
Among the recommendation con
tainrd in The repor; Of the Sccretar,
OF War, Your attention is special,
= invited to those in which legisla,i, ),
is suggested on the following sub
jects, viz:
The tenure of office of the genera
officers in the provisional army. anc
; proper discrimination in compensa
ton of the different grades;
The provision required in aid O
invalid officers who have resigned i
consequence of wounds or sickness
While in service;
The amendment of the law whic
d"privcs officers in the field of tn
; privilege OF purchasing ration an
thus adds to their embarrassment, in
stead of comforting the benefit intend
: ed
The organization of the genera
staff of the army, in relation to whic
special message will shortly be nd