Western sentinel. [volume] (Winston [i.e. Winston-Salem], N.C.) 1856-1886, 1864-10-27
nesa, endeavored to discharge his duty to
the gov ernmeut and the people.

|step in the reduction Of prices, by the es-
Establishment of uniform maximum sched-
ule, to sustain the credit of the currency,
the responsibility cf which each one of us
has deeply felt, but which necessity COM
PEELED us to take in the exigencies Of the
country.
The people think, will appreciate our
action. and approve what duty required
and patriotism demanded, but whether
approved by all or not, ours is the respon-
sibility and we leave it to the calm judg.
ment of that public opinion which it goes
out to meet, and which filled with a Just
appreciation of the success OF our strug
CLING cause, will determine justly upon
the measures which we have taken, finan-
cially, to sustain it,"
Congress has provided that the expen-
ses OF the government are to be paid i'll
Treasury notes, and certificates of indebt-
edness bearing six per cent. interest, pay
able two years after the ratification OF a
treaty OF peace, aud free from taxation.-
These certificates are intended to reduce
the volume OF the currency, and are the
most valuable means of payment offered
by the government. We canno: too
strongly urge upon all creditors of the
government, as = measure tor their own
interest, and TO sustain the credit OF the
currency, to take these certificates for all
snrpiuses beyond what their necessities
may require III Treasury notes accumn!-
ating in the hands of the capitalists and
others being invested in the purchase of
the non taxable six per cent. bonds pro-
viced to be sold tor the redemption OF
these notes, the currency will be reduced
to the actual business wants of the coIn-
try, its credit restored, prices lowered,
the expenses Of the government econoiniz-
ed, taxes diminished, and the blessing OF a
financial system realized in time Of war
times of peace. May We not with reason,
confidence and hope, appeal to each indi-
vidual, and to all classes OF the co,nnuni-
ty, to unite III accomplishing this most de-
sirable result. =.
AS part Of this address, We appeud
letter from the Secretary oi tho Treasury,
addressed to the Commissioners, giving
the uiost concise views Of the condition of
the government, and the best exposition
of the reasons which influenced the action
of the Convention za8 avsgaee
'as TREASURY Dept, C.S. AMERICA,
Richmond, Sept. 81, 1864. 4
To the Commissioners Of Prices of the sew.
eral States assembled in Convention at
Montgomery, Ala: ,a.o o@
The Secretary Of War having requested
q genera! convention Of the Commissioners
OF the several States, to consider the prac-
tica blity and expediency OF uniform
Schedules Of prices, avail myself of the
occasion to offer you, with great respect
ard Difference, some remarks upon the i'm
portant subject that is to engage your at
tention &*tsa s+@ii5 s*r-"s>s~ 1fs fs
The condition of the currency, and the
einearrass,nents resulting from it's derang G.
ment, are we'll known to ALL. When gold
sells for twenty for one as compared with
Treasury notes., every body understands
that the currency is deprecated: and
when it Is said that the government sup
plies are purchased with this deprecated
currency, we all understand as we'll that
the expenditures must necessarily be heav
y. But these evils should not be allowed
to go further. The ability of the governs
ment to conduct the war to successful
issue, and the happiness and welfare OF
our people after the war shall have ter
minated, are too deeply involved And
in the functions conferred upon you by
Congress, seems to reside, under existing
laws, the only power capable o. interpo-
sing a check to the progress cf deprecia-
Ino1.n~ tl,o.,. e, <l,o RI .-1... |