The Lansing state Republican. [volume] (Lansing, Mich.) 1855-1874, 1864-08-10

ment III Rome and abroad. Three Years OF
war have hurdencl You with debt which.
but three years Since. would have seemed
beyond yOlr aliltyto meet. lei the accu-
INFLATED wealth and productive energies OF
the nation have proved 20 he so vast that
il has been borne with comparative ease
and peacetuliuture would hardly feel its
weight. As price paid for national exis-
tence and the preservation of free institu-
lions. il does NOT deserve moments con-
sideratiou.
Thus far the war has been supported and
carried on. aS d. only could have been hy
people resolved NJ whatever cost Of blood
and treasure 10 transmit. unimpalred 10
pOsteuty. the system OF free government be-
QuealhOd 10 them 10y the great men who
framed il. This deliberate and patriotic re-
solve has developed a power surprising even
10 themselves. IL has shown that in less
than century a nation has arisen. unsur-
passed In Yigor. and eXhaustleSs ln re.Our-
ces. able 10 conduct through a series Of
years. war Ou It's most Gigantic scale and
finding itself when near its close. almost
unmpairel in all The material elements OF
power IL has. az the present moment
great armies in the field facing an enemy
apparently approaching period OF utter
exhaustion but still struggling with "a force
the greater anu more desperate a. IL sees,
aud because il sees. the near approach oI
final and fatal consGmmatiOn. such. in my
deliberate judgment. is the present conol-
ton OF the great contest for civil liberty in
which YOU are now engaged
Up 10 the present moment YOU have readI-
ly aud Cheerluily afforded the means necess-
AIRY 20 support Your government in this pro-
tractod struggle II is g0ur war, you pro
claimed il. and You have sustained il against
traitors everywhere. with a patriotic dey0-
ton unsurpassed in the worlds history.
The securities offered are such a should
command your ready coldonce. Much Of
fort has been made 10 shake public faith in
our national credit. both al home and
abroad. A. ye, We have asked no foreign
aid Calm and selt-rehaut, our own means
have thus Tar proved adequate TO our wants.
They are Yet ample 10 meet those of the
present and The future ID stin remains Tor
patriotic people 10 furnish the neediul
supply. The brave men Who are fighting
our battles by land and sea must Doe fed and
clothed. munitions of war of an kinds must
bee furnished. or the war must end IN defeat
and disgrace This j. not the time for any
lover Of his country 10 inquire as 10 the
state Of the money market. or ask whether
he can so invest his surplus capital a. 10
yield him "A larger return No return. and
no profit can he desirable. II followed 10y
national dissolution. or national disgrace.
Present profit, thus acquired. r. but the pre-
cursor of future and speedy distraction. No
investment can be SD surely profitable as
that which tends 20 insure the national cX-
istenCe.
/ am encouraged IN the belief that by The
recent legislation OF Congress. our finances
may soon be- placed upon a sOundcr and
more stable footing. The present deranged
condition Oi The currency Is lmputable. IN "a
degree 10 disturbances arising from the
withdrawal OF necessary checks often ncN-
liable in time Of War when expenditures
must largely exceed amy possible supply of
coin. Tie opportunities thus presented 10
acquire sudden wealth have led 20 vicious
speculation a consequent increase an prices,
aud violent lluctuation. The remedy Is 10
De found only in controlling the necessity
which bcgcts the evil Hitherto We have
lett the need If more extensive AMI vigorous
taxation. severe comment has been made
upon what seemed 20 many an undue tim
lIIty and tarlInes> oi action, on the part vi
OF Congress in tins regard. / deem 10 but
just 10 say that very great misapprehensl on
has existed. aud perhaps still exists, upon
b -f--AN
have much 10 learn in new condition Of
affairs. An entirely new system was 10 be
devised. and that system must necessarily
be the growth OF time and experience. II
il not strange that first efforts should prove
, imperfect aud inadequate To lay heavy
burdens on "a great and patriotic people IL
such "a manner as 10 be equal. ANA as 10 0c
casiOn the least amount of suffering or an
nOyance requires time and caution, anl
vast labor: and with al these experience
i. neediul 60 test the value of the system
and correct lis errors. such has been The
work which Congress was called upon "a
perform. ! aIn happy 90 say that daily re
suits are proving the Internal Revenue
Act 90 exceed in efficiency the most san
gulne expectations Of us authors In the
month OF june .lo63 10 yielded about four
and one half millions 81 dollars while the
corresponding month % TINS year returned
about fifteen millions. under The same law
. Under tie new law. which went into ope
ration on The first day OF The present month
the Treasury not unirequently receives one
million a day. IS time ami experience en-
. able the officers employed ln collecting The
revenue 20 enforce the stringent provisions
OF the new law / trust that million pc
day will be found tie rule and not the eX
ceptiOn. still. much space j. undoubtedly
left for Improvement in the law, anu ~ iu
administration. as a greater amount Oi nee
esary information j. acquired The prOpe
sources Of revenue. and The most effective
modes Of obtaining II. are best develope'
in the execution 0f existing laws. And
have caused measures 90 Doe initiated Whlcl
E viii. il is believed enable Congress 50 q
} improve and enlarge The system as, wheI
taken in connection with the revenue iron
customs and other sources o. afford an am
] pie and secure basis iOr Tie national credit
B Ouiy on such "a 0a isis and ln "a steady al'
vigorous restraint upon currency. can
remedy De found for existing evils. SUcl
restraint can only be- exercised when th
government is furnished with means 10 pro
, vide for lis necessities But without ~
! aid o. "A patriotic people any goTernmen
: j. pOwer.es- for this OF any other desirable
end
b The determinations ~ tie NOES proposes
10 be issued. ranging from Lity 70 i've tn0us
and dollars. place these securities witln
. tie reach Of al who are disposed % All
their country. For their redemption III
. faith and honor aud property o. that cOun
trv are sOlemBlv pledged. 4 successfu
issue 10 this contest. now believed 20 be nea
a. hand. VIII largely enhance their value q
? the holder: and peace once restored al
+ burdens can De lightly borne. He who sell
: ishly with0lds bis all IN The hope Ofturnin.
. his available means ~ greater immediate
! profit. is Specializing upon his cOuntrys MS
= fortunes. and may ln0 that what seems q
be present gain leads Only 20 future loss
- I appeal therefore, with confidence 70
- LOYAL and patriotic people. and invoke ID
efforts ~ all VINO love their country, an
p desire for il q glorious future. 10 aid the
government il sustaining lis credit an
placing that cTedit upon stable iouIda
r ton. ". 7. FESoENDEN.
. SacrsfQry Qf NE Treasury.