, 1864-01-17
THE IIOUNTIES TO VOLUN-
TEERS.


On Wednesday last, while the joint resolu:
ton to continue the bounties of volunteers
was pending In the Senate, Mr.. Fessenden
cent the following letter to tic Chair to be
read for the Information OF the Senate:
TREASURY DErArrNEsr, Jan. II, 1864.
stn-On receiving from you copies Of Sen
ate joint resolution No. Q and House joint
resolution No. 1G, relating to bounties, with
your letter inquiting " whether there arc any
the Treasury which VIII make tho passage Of
either resolution dangerous or particularly In
cxpcdient ut the present time, and also re-
questiDg auch suggestions with regard to any
modification Of either resolution or to the
Whole subject matter as may occur to me-
addressed q note to the Secretary Of War,
asking Tor such Information as to the amount
which will probably be required for the pay
ment Of the bounties proposed, the periods ut
which the money will be wanted, and the
proportion Of the whole amount likely to be
derived for Communication for drafted men, as
would enable me To make a proper reply to
your letter.
The Secretary OF War In answer to my note
says: :. :.
ha nesa sas hsye % hen bee eE may be enlisted TSm
dollars would be required for the whole
bounty to TINT number; SO, 500. 600 wonld be
required for the lnstallnents FILLING due the
hret year.
besides what arc called veterans:
~. Those who volunteer to I'LL up old
@s. Recruits for new organizations.
To those who 60 into into old regiments
$500 is allowed by general circular No. Ds;
but to new recruits only the sum Of 800,
payable under the net Of July, 1861.
"The Department has labored to contlne
tue volunteering to yetcrnns and to filling up
the old regiments. 4 few new organizations
were authorized before the present system
was adopted.
1.-THE humber thnt will volunteer for old
present, with my certainty, be estimated
But In most OF the States vigorous efforts
nTc being made By executive and municipal
authorities to I'll up the whole quota"
From this statement it appears TINT So1,-
000, eco will probably be wanted for bountics
to veterans. The sum likely to be required
for recruits to I'll up old regiments IS not
stated; but If the number be assumed as
equal to tho number Of veterans expected to
rc-crllst, the nmo1nt required for their boun-
thousand men are thus obtained, and the re-
mninder of the three hundred Thousand mcn
called for be filled up by volunteers for new
organizations, the further sum Of e, ,000, 900
viii beneGded.
The addition, therefore, Of three hundred
AHOubAuO fuIuALECIB ~ lssa AEluy Us FckGfl06.
recruits for old regiments, and recruits for
new organizations, will require appsopria-
lions tor bountics to the amount Of $780,
49,
Tut, If understand The Secretary Of War
correctly. the sum Of $2l 100000 includes
allowed by Jaw to all recruits, excepting col.
cred alike, whether. volunteers or drafted
lIcp. So, too, tho. cstfmatcs Of SIS, ,150. 900
for recruits to old regiments includes Is co.,
eco Of usual bountics; while tho sum Of So
000, COO for two hundred thousand recruits for
new organizations Is wholly made up OF like
bouuties.
II. therefore, the estimate of ilfty thousand
vcterun recruits mud ffty thousand recruits
for old regiments bo correct, the whole
amount required under existing laws in or
dcr r to tho Rising Of tie same number Of men,
IL SEQ, ib0, ,0C0. Of which sum about $4,000.
Geo will be required during the present year.
Taking these figures to % correct reply
TO your inquiries that do not think there
arc any consideratlons arising from the con-
dtt{on Of tue Treasury which will make tho
passage Of either resolution dangerous or par.
mnst not omit, however, to observe TINT
any additions to tho appropriations demand
ed by existing catlmate6 enhance the difficult
T. ofobtainsnF the vast sums required to sat-
:: Tho inst duty Of the Republic To It's soldiers
and sailors Is prompt payment md surs sup.
plies. Payments cannot be prompt nor SUP
piles aure II appropriations exceed the prob
ability Of certain provision.
The estimates heretofore submitted require
rom loans Of the Inst seyeu months Of tho fs-
cal year 1904, $35ea, eeG, $50, or ,07o a
month. Hvigor and decision and eurncstpess
In tho work Of suppressing the rebellion shall
be attended with marked progress toward It's
consummation, these large sums, and the nd
dfuonal sums required for bounties, can prob
ably be obtained ut reasonable rates.
But the whole of these additional sums, as
well Us every other amount added to expcn-
ditures beyond estimates, shossld be raised by
taxation. No uncertainty can be safely a.
ment, Delay of payment, and doubts as to
Its certainty, chill the ardor OF the best
soldiers, create dissatisfaction In the minds
Of dealers with the Government, enhance
PRICES Of supplies, md invite deterioration Of
trust, therefore, that the Committee On
Finance will accompany any report that m.y
be made Of the resolutions referred to 1t with
some resolutions p1edging the faith Of Con-
srees to raise by taxation, beyond the 616l,-
56s ECO IS, heretofore estimated Us the pro-
\ portion Of this years. disbursements to be
provided in this mode, every dollar which
may be appropriated beyond the estimates
submitted at the commencement Of the ses-
sion. -: ia - =. '.-.s..
All considerations Of prudence and econo-
my require this legislation: 1t will be i'm
possible to raise larger sums by loans much
longer unless large sums are also raised by
taxation.'. In the report submitted to Con-.
gross at the commencement Of the session,
Tenturcd to say, It is hardly too much
perhaps hardly enongh-to say that every
dollar raised for extraordinary expenditures
or reduction Of debt Is worth two In the In
creased facilities 10, the negotiation Of indls-
peneab1e loans" Reflection aud observation
since have eatIsded NC that under our pre-
sent circumstances the remark ia an uudor-
statement Of the truth.
J. Yours, very respectfully, 8. P. CHASE,
Secretary Of the Treasury.
Hon. ". P. TEssESDEN, .
Chairman Committee Of Finance United
States Senate.
Mr.. Jacob B. Herrick, founder of the
wellkuown firm Of Jacob B: Herrick d Sons,