The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1865-04-15

| brilliant. that the embarrassments which
change in the business Of the country n,....
bring about will be but temporary. and ~"
| indications are now decided that. hv ~
time reconstruction is fairly commSncsI
enterprise wilt be quickened into new liz
and with its integrity established, the onl.,
drawback upon the national prosnor;.y
and the only stain upon the national ~
cntcheon removed, the great Republic vi,
move forward again uponits career of nrosa
perlty and honor, scarcely staggered ~
such struggle with gigantic rebellion Z.
would have broken any other nation I'M.
| fragments.
You win perceive by the statement, :,
| the condition Of III. treasury on the 49,
.tant, that the Government circn,.,;".s
has not been diminished. Whether. M -
what extent. this circulation will be ~
duced, depends upon circumstances fhst
cannot be clearly fore~-en. Z have hasr
snd still am of the opinion tina. it must -
curtatled. before return to specie nav
ments can be effected /; bit it Cannon he ~.
nled that the course OF he market for ~.
past month has been sucn as to justifya
reconsideration OF the opinions. whios
have been so generally entertained in %.
gard to the imitation OF the currency. rho
increased demand tor money, which i. ~
result Of the diminution of indiviAm.1
credits, may not have been fully estimaesd.
and 1t may turn out that no conside,shs,
reduction of paper circulation will be needs
ed for the restoration Of the specie M.
At all events. the Government will hsvs
the desired object can be obtained within
reasonable time without Il.
That any valuable interests are 10 4.
permanently injured by return 70 snecis
payments Is hardly creditable, and ~.
not out think that your approximations OF
disaster to the manufacturing interests Of
Pennsylvania, as the result OF it, are with.
out reasonable foundation.
The general tariff policy is, Iapprehsnd.
sion OF 1t, therefore, at the present time. Il
unnecessary. That the present tariff need
revision 10 undoubtedly true. This revia.
lon 1t will receive by the commission hich
10 to be appointed to revise the revenue
laws, from whose labors anticipate ~
best results. The necessities of the Cav.
eminent Will give to our manufactures
interests al the protection they uill 9.
qutre to shield them from destructive lpr.
eign condpetition and before the cloee Of
the present Administration I confidentlv
expect to sec these interests more proense.
Gus than they ever have been. Whit r..
Communications shall make to ConSres.
upon the tariff question am not nov 81
pared TO say. I expect to be able to indofss
eu9 DiA Snss on1l! Oe prepared Oy the com.
MISSION, and shall be disappointed il this
bill does not harmonic our FOREIGN ana in.
ternal duties. and produce . revenue Milton
shall be sufficient to meet the interest on
the public debt, and gradually reduce the
principal. without being oppressive to the
people.
In conclusion permit me to say that Isee
no cause for encouragement in the present
or prospective condition OF the countrv.-
Our national debt il large, but our national
resources are sufficient to carry it without
While IL would be fool-
ish to call 1t . national blessing, 1t may 30
so managed 40 not to be national calsmi.
"; and in the worst view that can be taken
OF II, It Is small matter in comparison
with the inestimable value Of the Union.
In the maintenance Of which Il has hem
created. 8 N
am, very truly, yours. d
II. MccuLLocH.