Brownlow's Knoxville Whig, and rebel ventilator. [volume] (Knoxville, Tenn.) 1863-1866, 1865-12-13

/ ~ r1ozzt han,
the complete placement of the financial evils that
necessarily follow state Of civil war. We p,nst
endeav Or to apply the earliest remedy 10 the de-
ranged state of the currency and not shrink from
devising policy which, without being oppressive
to the people shall immediately bagin 10 effect re
ducton of the debt and, if persisted in, discharge
it fully within definitely fixed number of years
1t Is our first duty to prepare in earnest for our
recovery from the ever increasing evils of an ire
deemable currency, without sudden revulsiOn, and
yet without uutimey procrastinatiOn. For that end
we must, each in our respective positions, prepare
the way. hold it the duty of the Executive to in
sist upon frugaity in the expenditures; and spar
ing economy is itself great national resource Of
the banks to which authority has been given to is
sue notes secured by bonds of the United States we
/ NAV require the greatest moderation and prudence
and the lew must be rigdly enforced when its lin
its are exceeded. We may, each one Of US counsel
our active and enterprising countrymen to be con-
stantly on their guard to quldate debts contracted
in paper currency, and by conducting business as
nearly as possible on system OF cash payments or
short credits to hold themselves prepared to return
to the standard of gold and silver. To and our TEL
/ low citizens in the prudent management of their
monetary affairs the duty devOvcs on rs TO dlmln-
/ isd by law the amount Of paper money now IN cir
culatOn. Five years ago the bank-n0Je circulation
of the country amounted to not more than two mil
/ lions: now the circulation, bank and national eX-
/ ceeds seven hundred millions The simple state
ment CT the fact recommends more strongly than
any words of mine could DO the necessity OF our re
straining this expansion. The gradual reduction OF
the currency is the only measure that can save the
business Of the country from disastrous Calamities
aud this can be almost imperceptibly accomplished
by gradually funding the national circulation il Sc
curIties that may be made redgsmable at the pleas
/ ure of the Government
/ Our debt IS doubly secuTe-irsJ IL the actual
wealth and still greater undeTeloped resources Ofthe
country; and next in the character Of our institu-
I,,ll
zeal economists have not failed TO remark that the
public debt Of country Is safe in proportion as its
people are free that the debt Of republic IS the
safest of all. Our history confirms and establishes
the theory and is, l firmly believe destined to give
1t still more signal illustration. The secret OF this
superiority springs not merely from the fact that in
aTepubhC the national obligations are distributed
more widely through the countless numbers in all
classes Of society it has its root in the character Of
our laws. Here all men contribute TO the public
welfare and bear their fair share OF the public bur
! dens. During the war, under the impulses Of pa
trIOtism, the men Of the great body OF the people
! without regard to their own comparative want of
wealth thrOnged TO our armies and filled our fleets
OF war, and held themselves ready to offer their
lives for the public good. Now, in their turn the
property and income of the country should bear
their just proportion of the burdens II taxation,
while in our ImpCSt system, through means of which
Increased vitality incidentally impaired to all the
industrial interests Of the nation the duties should
be so adjusted as to fall most heavily articles of
luxury leaving the necessaries Of life as free from
taxation as the absolute wants OF the Government
economically administered will Justify. No favor
cd class should demand freedom from assessment
and the taxes should be so distributed as not to fall
unduly on the poor, but rather on the accumulated
wealth Of the country. We should look at the ma
Lional debt Just it is-not Il national blessing
but as heavy burden on the industry Of The eoun-
try, to be discharged without unnecessary delay.
1t is estimated by the Secretary of the Treasury that
the expenditure tUT the fiscal year ending the 3uth Of
june 1866, will exceed the receipts Sll2,UaA glT. II Is
gratifying however to state that is also estimated that
the tor the year ending the 5Oh OF June 1861
viii exceed the expenditures in the Of ISIS
This amount, much may be deemed sufficient for
the purpose may he applied to the reduction Of the pub
lie debt, which, the 5ls day Of October, 1850
S27i0 sjf,75U Every reduction viii diminish the total
amount of interest to te paid, and enlarge the
Of still further reductions, until the whole shall be IU
dated and this, will be from the estimates of the
Secretary Of the Treasury, may be accomplished by
nual payments even within period not exceeding thirty
years. have faith that VIC shall do all TINS within
reasonable time that, nave amazed the world by
the suppression Of a civil which thought to be
beyond the control OF any government SO We shall
equally show the superiority OF cur institutions by the
prompt and faithful discharge of our national ohga-
tons
The Department yi Agriculture, under it, present III
recti0n, IS accomplishing much in developing and Uti
z the vast agricultural capabilities the country and
for information respecting the details Of its management
reference i made 90 the annual report Of lie Comms
/ SUueT.
have dwelt thu fully u our domestic affairs because
,r fbair fr7Tecls,t r,r,arrsrrt TDIs, l7,- rfrrr,
s-,rrg .,r ~a+ yt-.1t If TERRITORY ana .ri+, nr H
- Ireir ,7,l., e,rrsirS thu. s.. ,-.,,r- for
80 - -, ? -, a.. CON, I.,rt IT mo-, nj, - -;
~ irJsnordc7- If fine y7rvn.. r9lir[. If rg1 rt2
Iin T,rc rir - fine present ri.rrr. tho ra ..raR
Iit-'r ~ hs-r,rTr and the ,fr.7,r.Fl rJq+ ,s- f-
F,- ,r-TT h.. ,1r br-- ...r,rit,- a,,fn- ,s ,rl
tel ,-,r rf force RIGHT For myself +. ha- Ican
ar7 = ,gin IN, r1, constant aim bon r-.,,. r,.,,r aud
an,sf, with all foreign nation. ana T-vcrs and have
sy-v reason p, believe tla. they ALL without ry.rfior
arc ,-fl,.ri f- rbe .7r-c G7.n..i,fg, 0rr ra1irirS
nst friendly Our..rferca sgT.l his tIar.Trfl1S /. re-
rpico, nov rasIrnglcnts. and ID l., very rIa-srr IN
i-I +e- tho Governments OF fr-r af FrrT-e ra,rfra.+s
satisfaction with o1lr ruTlry and rrr.,4s =I-r Irrr
I in tro r-r,ass Tv,i.}, marks ,-r I'm -+-...rrsr
Tn ,r.f-l-rf f.r7or.v ra+.vr,r the r-r...t --r
80 y ,,.-- - Rust, :. -a.s...r. non, ..,-.. +,
r --[--f, i.sT,rsj ~ err, r.7zo,r-TT,sr f,ss go
,r4 nv IN nj Fu~nrs Nv n new 5-lrrrr n f-g
.,r~sa rr commerce viii south 4-a-fr- F. Frr. p.
-,.a-. cement Te a DIRECT line f ..E -ras-,-
Sims ~ H.. -5- 4r,rfEs ~ nr,-lf Tho rs.rs.r;sFsI
80 - men nf Science who ho,. re-srtl,- ri. Irr
--r-r "a, make 1 .errsa. ryrIo,s-i,- ~ -.s rsIr7i
-fs..r. . rivers ana r,..-.-..1. r - r,r r..-rr,
trr. T..,-gs ,. tH I-r-r.r. #-- ,-rr,r. reI-,rr.
which was I'd. nave been -yaa.fsE I'm r5s constant
friendship sgr the United States and his we'll Irg-71
zeal r- -.-.-,.ffr.. the sIg-ncr-r--- If s--r7I,r
hone Is entertained ghtt OUR mere. with TIC gf.E md
p1uu5c -guntrle lat border the Mediterranean So
NAV gc largely increased. Ngtliu- viii Be uautiu-. On
tho PAR. u this Government L tcqr the protection u
oar Gar over the outcY1risC Of gr fellow citizens We
receive from the Powers in thar --geu assurance If
goodwill and worthy ~ note rlr. special envoy
mas brgu I- se< If coincidence the death Of
( T.a.t IL