Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-08-12

~ say lHdt very bioaN n''o"PP'S""H7'
has existed, and perhaps still exists, upon
this point Legislators, like all others,
have much to learn in a new condition
Of affairs. An entirely new system was
to be devised, and that system must neN
cessarily be the growth of time and ex-
perience. II is not strange that first Ell
forts should have proved imperfect and
inadequate. To lay heavy burdens on
a great and patriotic people in such
manner as to be equal, and as to occa-
sion the least amount of suffering or an
noyance, requires time and caution, and
vast labor; and, with all these, expert
ence is needful TO test the value of the
system, and correct its errors. Such has
been the work which Congress was call
ed upon to perform. am happy o
say daily results are proving the
Internal Revenue Act to exceed in eff
cheney the most sanguine expectations
of its authors. In the month of June,
1868, it yielded about four and one-half
millions of dollars, while the correspond
ing month of this year returned about
fifteen millions, under the same law
Under the new law, which went into OPP
Grafton on the first day of the present
month, the Treasury n o unfrequently
receives one million in day. AS time
and experience enable the officers en-
poyed in collecting the revenue to en-
force the stringent provisions of the law,
trust that million per day will be
found the rule and not the exception
Still, much space is undoubtedly left for
Improvement in the law, a d in its adj
'ministration, as greater amount Of ne
cessary information S acquired. The
proper sources of revenue, and the most
effective modes Of obtaining it, are best
developed in execution of existing
laws. And / have caused measures to
be initiated which will, it is believed, en-
able Congress so to improve and enlarge
the system as, when taken in connection
with the revenue from customs, d
other sources, TO afford an ample d
secure basis for the national credit
Only on such basis, and in a steady
and vigorous restraint upon currency,
can a remedy be found for existing evils.
Such restraint a only be exercised
when the government is furnished with
means to provide t r its necessities
But without the aid of patriotic people,
any government is powerless, for this or
any other desirable end.
The denominations Of the notes pro-
posed to be issued, ranging from fifty to
five thousand dollars, place these secur-
tiles within the reach of all who are dis
posed to d their country. For their
redemption the faith and honor and pro-
perry of that country are solemnly pied
ged. A successful issue to this contest,
now believed to be near at hand, will
largely enhance their value TO the hold
Ier; and peace once restored, all burdens
can be lightly borne. He who selfshly
wthholds his aid in h hope of turning
his available means to greater immediate
profit, is specializing upon h S country's
misfortunes, and may find that W a t
seems to be present gain leads only TO
future loss. | appeal, therefore, with
confidence to a loyal and patriotic people,
and invoke h efforts of all who love
their country, and desire for it a glorious
future, to d their government in sus-
tanning its credit, and placing that credit
upon stable foundation.
W. p. FEssENDEN,
Secretary 0fHe Treasury.