The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-06-03

Lcttcr from TIC secretary OIL tnc 1EcusurS-
Tho Secretary Of tho Treasury, In replying to al
invitation from tho Boston merchants to visit that
oily, makes tho following remarks upon the ma
tion6l finances: -, \,
need not assure you. gentlcmcn, that il alall
bSmy Earnest purpose to continue to 30 admins
tor my oico as 10 juatify tho confidence you have
sowSSer IL S tSst eA our monthly statemcnts for In;
rest Of tho proscnt and tho carly part Of the
no1t fiscal year will ;bo as satisfactory a., ms as they
;nst1ons or bpuntieB TO soldiers, prcparat tions
.ior,h threatening Indian wnr, oyon il the war
iself should be avoided, and worry liberal appropr
ntons OF aimaeollanooiis character will cause un-
usually heavy drafts to DO made upon the treasury;
while, on tho other hand, the general failure OF
crop lost year. slow progress in tho restoration OF
the Southern statos to their proper relations with
tho Federal Government, tho dulness .of trade
cfeas6 Of production. and purity or tliH natural
seaeton Tlioll always follows periods OF loScite-
mept and sPeoa!alio,MtSgethST With reduced tag
retaFd Ietqrn 70 specie payments, and with large
md rs branches or diyisons, will prevent for O.
brief sess9n o. reduction OF the public dDbt! and
may; iSnaer q somPoray ncfoasS Hf # i un
abilityto novsE agun in tho right direction
Eat nm early day. On Tho contrary, belivo that
this checkto our progress viii load to improve
efficiency I'M their execution; hasten tho repre-
sentation in Congress- OF the Southern States, aud
secure greater economy in al branches OF tho,pub-
81 Sonic surprise. may exist that I hayo not for
sSme months past reduced The circulation Of Uni
tod States notes RctordinE t6 tho auth5tity CON
c fir fnrrhq npoh mS by CongEsss, apg. ap Inference
nsnbjqpf 9i a9ntfsel las Undergone aaIange.
lul efmit me to shyi therefore, thntI am Ms much
1pttsuaded ns over Of tho importance of inn barly
rot nrnto sPeols :pnymspts,r and OF areduotipn pf
th!eurreney, means Of eleck.ng extraydGanoe
AID and o. increasing ptodhqtion,
without Thith I'll, efforts to frest brS perTanbnily
: specie sta will be etnaL What tho
country ibeeds,ip order thAt spSoio pSy Eents may
iaooutodpis IN inoreaseot industry and 1re tora7
tton OF quf fonier habits of economy As people,
among buraelyeH,! wo must earn moro and apand
fesa ~ n our trade with foreign nations, VIC must
sFlt m5fe 9f buy less Any difateht PRESCRIPTION
s aHaeks CONTRACT irWt tend TO bring
peseT, doubted, Sat have nevertheless saspdndod
IsdUoion Of tho neircu ofr United State
nntes. for tho fSpovnB reasons. ,soither Of
1yyshfct would perhaps hnro justifedmy coursd, and
which have had more or loss existence III de-
,fafmininE IT, ;;:ie, ':.laD+ -! !: ,:''.--i..
>. y $lcSs 81 majority OF the a'spbeI
j lsat were Gd verse to iniMediatq coItrac
tion, and hAse not felt pt Hbert to placo myseK
7tn praeheA opposition. TO the .inwrmakinB branch
ITof tho Government. ,yithout;whoso support must
~; Second There have exlstod for some months
!; nnst anxious forebolings OF financial troubles,
- end while thcy continued have been apprehcn.
G nd u tS
pretod might produce panic in tho comm ercal
\ oit,os, which, extending over the country and bez
Sond the specqintlye intefcsts would injuriously
ahect legitimate business md tile roronue depend
ant upon II. =: - - r..,:y:. :: :.i,;s ia'. :
-, Vlrd-lJ1rQe QmOQutB OF iltcrastcloariln nOtn1