New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-01-15
TREAsuRY DEPARTMENT, Jan. II. 80.

Che Secretary OF the Treasury Was io"u " wv
Senate on Tuesday:
TREASURY DEPARTMENT, Jan. II, 1864
SIR: On receiving from you copies OF senate opt res
o,ntion NO and House Joint resolution No 10 relating
20 bounties with your letter inquirng whether there
are any considerations arising from the condition ot Tie
Treasury which will make the passage OF ei'ner reso
zion dangerous particularly nexpedlent at the present
time and also requesting suCh suggestions Win regard
10 any modification OF either resolution OF 10 INC "hOe
subject matter as may occur TO me- 9aaresseu mote
70 the Secretary of War asking for such Information rs
20 the amount which will probably be required inr me
payment Of the bOuntie proposed the PERIODS al "Sh
The money will be wanted and the proportion OF the
whole amount likely TO be derived from commutationor
drafted would enable me to make proper reply
20 YOUR lester.
IT Understood that $4,000 volunteers have been
DO enlisted from the armies in the hed Tweny9ne
million dollars woud be required ior the whole bounty 10 that
number 10000 would De required for the nstsines
falling due the first year.
There two other classes OF volunteers beside "hA' ac
l. Those who volunteer to I'll MP old regiments.
"2. Recruits for Organizations.
To those who go into reeirents $500 bounty IS a..
lowed by General Circular No 98 bu TO now Tecra' ohy
tie sum Of 100 payable under the act OF JAY i0oI
The Department has abored to eonhne the volunteering
to veterans and to filling up The Old regm.a 80, e w."
organizations authorized before the present system WIS
sdsp ssi .. FL vor.e, for old regiment. or new
organizations cannot at present with suy certainty DC &C.
tmated But Ia most Of the States vigorous Efforts are peig
made BY executive aud muricpI Authorities TO nj up 'o
Brom thus statement II appears that s2looo0 GOO will
robably be wanted for bountics TO veterans Inc SUN
likely To required for recruits 10 Ill Up old regiments
Is not stated but II the number be assumed as equal
so the number Of veterans expected to reenst, the
amount required for their bouniics viii be Slo'30WJ
III one hundred thousand are thus obtained, ana
Che remainder OF the three hundred thousand me.
called fOr be filed up by volunteers OF new organize
tons the further sum OF S2O,OOoOOO VIII DC needed.
The addition. therefore, OF three hundred tn0usal9
volunteers 10 the Army as veterans, recruits Tor OH
regiments and recruits for new organizations WI r.
Sure appropriations for DountieS 10 the amount q CIV
But II understand the Secretary OF ar eorrectH,
the sum Of 81 coo 900 includes goo the Dos
of 500 10 each man. allowed by law 70 vi IeoI
,enfinc colored alike whether volunteers or dfateu
inep So too tho estimate OF sl2 'JVVVV iVT IccitHs
10 Old regiments includes SJVCOVO OF usuai ovuules
while the sum OF so COO coo ior two hundIeu hops.u
,Sruit for new organizations is wholly made up OF IKE
Dounties ees .,o,,a ,.,oro-
recruits and v thousand recruits for od Regiments DC
rrc. tho whole arount required under existing laws
in order 10 the raising Of the same nnupet ol iv y
SEQ $50 600 OF which sum about S4ovVooVV "ii " 40
ftired during the present wear.
tbse srTres TO be correct reply TO your in
ourtes that do not think that there are any cons
lions arising from the condition OK tle lIeasu.s VIM.
will make the passage OF either Iesoiu''o" u"4s "
Particularly iaoxpedlent -. A.. ur oaa;
must not omit however, 10 observe Vhal az! "u.. .
tons to the appropriations demanded by EXISTING est,
mates enhance the difficulty Of obtaining the vast sums
required 10 satisfy them. -, .,
The frst duty OF the Republic 10 its soldiers and sail
is Pro~ payments ana sers supplies
exceed the probability Of certain provision
The estimates heretofore submitted require rom
loans for tho last seven months OF the nscal year e4
la59 2l6 40 or $50 81 OT9 month Ii vigor and de-
slon and earnestness in the work Of suppressng the
Rebellion shall be attended with marked progress
toward its contamination, these large sums, and the
additional sums required for b0unties can probably be
obtained AT reasonable rates. ~
But the whole OF these additional sums wen as
every other amount added to expenditure beyond est
mates should be raised by taxation. NO uncertainty
can be safely allowed 10 attend the question OF prompt
payment Delay of payment, and doubts as 10 It's GER
fanty chill the ardOr of the best soldiers create ssa
isfacton in the minds OF dealers with the Government
enhance prices Of supplies and Invite deterioration "
their quality ,.--,.. -. ,,s ~,
accompany any report that may Do made OF e Tesoiu
tons referred To 1t with resolution pedgng the
faith of Congress 10 raise by taxation beyond ihe
slsI 5a 800 IS heretofore estimated as the proportion
Of this wears disbursements be provided In this mode
every dollar which may be appropriated beyond the
estimates submitted az the commencement OF tesso
All considerations o. prudence and economy require
this legislation. IL will be impossible 10 raise large
sums By loans much longer unless large sums are also
raised by taxation ia the report submitted ~ Congress
~ the Of the session. yentured 20 say
II is hardly too much-perhaps hardly enough-to say
that dollar raised for extraordinary expenditures
or reduction debt worth in the increased value
Of national securities and increased facilities for The
Negotiation Of ndispe nsabc loans Reelection and
observation since have satisfied that under pres
ent circumstances the remark il undeIstateInenJ Of
the truth. Yours. very respectfully,
:. T.. CHASE Secretary OF the Treasury.
The Hon W. y. FEssESDES. Chairman Committee OF
Finance United States Senate.
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