The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-08-27
TO THE Pc OPLE OF
THE UNITED sTATER

~ act OF Congress- aPSroY Cd June So iss the 6ecs-
tay Of he Treasury authorized % issue an amosnt -
exceeding two hundred mInons dollars In rreesssg
Note, bearing Interest OF rate not exceeding eaa
treo tenths por oertun rodeemAble three yoars
from date, and 20 exchange the for lawful uossT,
The Secretary Is farther authorized 70 convert the ssa
into boIdS, bearing interest ~ rate not exceeding
per centum, ARls In Coin. In pursuance sge-
riJ thus erred oer TO tho Peep ofhe Unise6
States Treasury Notes desonb IN my sdYorsemeaf,
| dated July %, 1894. Irrrt
The rrumstRnces under which this loan Is asked foC
and your aid invoked, though Offering widely from ne
existing ststo Of sGairs three year, as aa
equal onoouras and security. Time while prosne
that the struggo for national unity exceed IN durn~
ton and severity worst ancpatons, has tested ~
national strength and developed the national
extent Rllko unexpected and remarkable, eroins
equal asionishment at home ana abroad ThFoe yeaEs q
have burdOned you with dobt which, but three yoarn
sinoe would have seemed beyond your ability 10 mrce
Yet the accumulated wealth and productive enerses 80
The raron havepOycd 70 be that has been borna
with comparative ease, and pessOiu future would hAraA
feel s veyht As price paid for national existence aad
the preservation ot feo nsuHgns docs not deserve
| moments consideration. iif
Thus far 'he Aas beou supported aud carried 80
only could have BEEN BY people resolved at wnateyv
cost Of blood and treasure, to transmit uulmpacd n
POs'ery, the system Of free govcrnmont bcqueatcd -
them BY tho great who framed g. This deliberate
Themselves. Il has shown thGt In less than centefy
naon has aisen' unsurpassed In Vigor and exhsuess
In resources able 70 conduct through series OF yers
| WAf"h Us most rsanue scale, snc nndhs hsed wsea
e"'O,' "a ~ ,He -
armies In tho field facing apparently apPruach-
ing period q utter exhaustion but s struggiing
fOrco the greater and more desperate and 6ea
came a, seea the ne., ,nh AZ a orsl s,a
suuma,iON such in nay deliberate Judgment, /. tss
present condition OF the great contest for civil liberty h
which ytu arc now engaged.
Up present moment you have readily and cheos-
fully Ano dod tho means necessary 70 support yp1r Qev~
esnent In this prot-sctod struggle. II s sonr Yea
procA med IL, and you have sustSiued against tato
every Wtero with pst'ioe devotion unsurpassed In thA
worlds history .at .1sl1
Iho secnTos Orered arc sneh as should o1mmSrd yeur
roHy eonhd,ncc' Auon ehor1 has ooen mAao % saSAs
| pVo'' 'Na IN oui n"1OnA SEoal' DOtn ~ hemo ane
eSO"l A 90 Wo na'o S'Asu no .Vi'lsn as' Sas- see
s'A'nHiN" own ule~is navy 'hhs ptOtee a"e0aee'
to cur wents. They Ae ye' ample 70 meet uose o. tee
Prestnt QUO tne fntuie' y sun remains lor pAtftouo
people 70 iprnsh Tue heVNWs supply IheoraVe moo "he
are hEhng our battles Ny land ana sea must pe teo hno
clothed munitions OF war Of all kinds must be Furnished
or the war nuat end In defeat and disgrace This u not
the time for any lover Of his country TO Inquire ss " TIN
state Of tho money maEket, or ask whether he oan 10
nyest his surplus capital 10 yield him larger return.
No return md no profit can be desirable followed -
nstoba dissolution national disgrace. Present prsat
destruction. No investment cAn be SO surely prs-
table that which tends 10 insure the national eK-
istence.
lam encouraged IN the belief that by tho recent ieea
ilon OF Ccperess our fuAueas Ns.11. 20, Z, :
sour der snd more stable Cat,n ~ F.'ea upva
A. i",s.,.t," - F'eaou' e0ss"es.
=, 49,, - :. 10y 49,, -',s. - - se-s ees'oe
-, - y, 80 ~ -, =, 20 = " leNo.sep
| -. =, -, - - w :, - - - - =, = -, ,s - =, '-e..ute- ~
| .,., 80 N ~ r'''''' 'Nf'' " way tAvT-
,'Hl'. 'lVa PV'e''sa TO acquire sudden wesh hap1
leo 70 'V spoculAAoa consequent increase of pricess
ana violent hue'uaton. The Temsdyt to bo found onF
in controlling the necessity which begets the eva.
th'Io We have fsit the need Of moro extensive ana
vigorous tsSston Severe comment has been made sees
what seemed 10 HAM, an undue dmldity and tArdnsas
Of aciion the part OF Congress, In this regard. I
deem but Just 10 say that very great msapprvhsu a.
sion has existed, ana perhaps stu exists, upon lhis
point. Loysatnrs, like all othoSs, have much % lea nd
IN u condition Of aftars. An entirely new system
to be devised and that system Iunst necessarily b
The sooth Of time and experience. II Is not strange
that arst efforts should have proved inpcr,eot ssd "a
Adequate To lay heavy burdens on great and pat ~
otto people In such manner as 10 10 equal and a. n
oeeaslan tho least amount Of suffering annoyanos,
relures time and caution, ami vast labor; aud Nith
AL these experience is neefl 20 test the yalae OF tie
sysien, and correct is errors. Such has bsen the
work which Congress was csiel upon 10 perform
sn happy 20 say thai daily results proving the In
teFnh Revenue at 10 exceed in efficiency the most
sn1nine expectations OF Ia sutors. In the month of
june, 1855 yielded about ouF aud half millions
o' a'ua,'' NAle u 1pondng month Of this year
.''a9hsd @1at uitecn millions under tie same law.
Lhief We new law which went into operation the Arst
u-y ol lh' present mouth, TIC rTeasary not unife
Ha,nHy receives ono million IN day As inc and esPe-
f'enee eAae te o1l'eEa Guy eyed h eoeosnS the rive
,rus, s. laliiou per sly win h loSnd nc rule, Sna
D