Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1865-04-10

|
which has been authorized by the Secretary of the
Treasury, will be read with interest:
Dear Sir:-Prom the moment of your entrance
on the performance of the duties of your present
Office newspaper correspondents have been most
proruse in furnishing information as to the policy
you had determined to adopt, and all of il has been
of character we'll calculated for producing in the
public mind the alarm that so obviously exists
| At one moment we have been assured that you had
arranged to bring about extensive importations of
gold, and that in the meantime large quantities
were to be held in reserve vi a view to checking
| any upward movements in its price. At.another
that greenbackS were being gradually withdrawn
| from circulation, and Tat you were entirely
confident in your ability soon to reduce the pre-
! MUM TO twenty, even if not to ten per cent. In
one thing nearly all have been well disposed to
unite and that has been that an early resumption
| was the cardinal point in your system of policy
and that it to be sought at whatsoever cost to
the capitalists or the workiDgmen of the country
Nothing, certainly, could nave been devised tina.
would have been better cal, ated for producing tie
almost universal panic of the fortnight through
! which we have just now passed.
For the first time in our history the Government
has made itself partner in the profits of all
mills mines, furnaces tanneres and workshops.
| As these have increased in number and in size,
| and as their owners have prohted, the internal
revenue has steadily grown until it has reached the
extraordinary amount Of nearly million dollars
per day. In the direction of a further increase,
and IN that direction alone, resumption might be
found. Now, however, We were TO be required to
move in one in which at every step We should
meet with factories that had been closed, furnaces
that had gone out Of blast, mines that had been
abandoned, capitalists and labOrers who had been
involved in common ruin, and thus deprived
of all power to contribute to the public revenue.
That way as was clearly seen, led to reputation
and not to resumption. That it should be in that
lira, rnpu n gppmaH
Incredible and yet, so positive and so persistent
had been the assertions Of the selEapponted pro-
INDICATORS of your decisions, that it seemed scarce
ly to be doubted that they have been accurately
expressed. Can it then be regarded as affording
cause for surprise that alarm had become almost
UNIVERSAL AS it seems to me, it cannot.
That there had been no real ground for it have
now, and with great pleasure, learned from your
self Most properly, you have desired that all
should appreciate the fact that ultimate resump-
ton was the point towards which the national ship
was to be steered, and that they themselves should
trim their sails for movement in the same direc-
ton; but you equally desired that all should un-
derstand your wish to be that the approach there
10 should be made gr Ilual as not to affect in
iuriously any OF those great interests upon whose
prosperity the Treasury tSelf so much depended
Not wishing in any Iacr 10 hasten it, you had
had no thought Of .upor. ne gold, nor had you in
any manner diminished the national circulation
Holding in your hands full power TO add to it, you
had seen no reason for 80 doin the rapid extern
sion of the national banking ystem having the
present effect of gradually increasing the general
circulation Feeling that in all the future the
Treasury must be dependent mainly on the inter-
nal revenue, you would gladly cooperate in the
effort to obtain from Congress such notifications in
the tariff as might be needed for enabling any o.
the great national industries to comply with the
demands of the Treasury without trenching upon
those proper profits to which alone could the nation
ever look for such extension of their operations
was needed for keeping the supply up TO the de-
maud of a constantly growing population, and CIV
ing TO the farmer larger and better market for
all his products.
Such, my dear sir, are, as + think, the views that
Won Yesterday expressed Could they be gene
rally heard they would, as l think, greatly quiet
the public mind. AS they cannot SO be heard,
would il not be we'll that they should so be read
All are anxious for light aud all would, am very
sure, be grateful for that whlcs you so readily
could give.
Excuse this trespass on your atteriion, and be-
lieve me, my dear sir, yours very truly,
HENRY G. CAREY.
Hon. H McCuIloch, Secretary Of the Treasury.
Philadelphia, March II, 1865.
Tvv,suRY DEPARTMENT, April 4, i3d5.-Dear
c;. Your favor Of the 9th ultrno wciid ave re-
ceived an earlier reply but for pressing oici du:
Ties have now only time TO remark hrica' that
am not responsible for what the ewspspPrS nay
have said about the financial policy shall aiOy as
Secretary Of the Treasury.
Amidst the great Greats that are .Tan5pir!ng II
| the limited States, overturning theories ana con-
founding the wisdom Of the Wisest, a Secretary oi
the TreasuF who should ayoT, OF even deternfn ,
definitely in his own mind, bis future policy, YOU'D
| he nropounc.d BOLD, rather than sensible MAJ
What shall aim 30 DO is 70 watch carefully the
prorress of the events that may be unable to con-
| troi aud endeavor so TO accommodate the ADMIN
itratiot Of tie Treasury to those events as 20 main
tain the credit Of the Government aud protect the
i interests Of The people.
In the brief address which made to the princi.
| ,ol officers of the Department on the b ultmn,
sid among other things, "my chief aim Will OF
course, BE- 70 provide the means to discharge tne