Year: 1865

in our midst engaged in business, who refuse
and endeavor to depreciate the certificate of
Indebtedness now being issued by the City
Council of Augusta as medium of circulation
for the accommodation of the public On the
part of some, this course of conduct is doubt.
less actuatcd by determination to wiring I'M.
lawful gam from everything that can be made
to subserye the purposes Of speculation; while
others ore acting ignorantly IN the belief that
no paper issues are good. To both of these
classes consider it incumbent upon me tv
address few words.


The city of Augusta is to day as amply able
to meet every dollar Of her liabilities, as at any
time previous to the war. During the war her
current expenses were pail as they arose.
Her financial credit in every emergency has
been preserved untarnishcd and lit is not to
be supposed for moment by any one who is
sufficiently intelligent to comprehend the posi-
tion of affairs, that now when the contest is
over, and our people are about to enter upon
wbatawe believe to be new career of pros
perity and peace, she will fail to comply: with
cve:y obligation she has assumed or may as,
sumo in the future. lIcr assets arc of the
most substantial character; having value at all
times aud under all circumstances These
assets arc real estate and stocks, Of which lat.
ter the principal portion is a RAILROAD now in
full aud successful operation its entire length.
In addition, tile taxes will be 80 arranged as
to guarantee the discharge Of all liability.
The digest of the city is now undergoing re
vision, aud holders of demands against the
city may rest assured that no loss will be sus-
tanned by them


The municipal government of the city is
allowed b7 the military authorities, who will
also permit the levyiag Of a tax sufficient to
defray the expenses Of the city. The military
authorities do not object to tile issue and cir.
culation of the bills n6w under notice


All persons who receive licences from the
City Council of Augusta to transact any busi-
ness whatever, such as Vendue Masters and
others, will be required to receive these ccrtif.
Gates Of indebtedness for the amount expressed
on the face, or their licenses will be revoked.
1t is probable that for some time to come
there will be much Inconvenience among
the people for want of a sound circulating
medium. The currency Of tue United States
cannot Immediately get into the hand of the
people for all their purposes. These issues Of
the City Council, based as they are upon sccu-
rites Of certain value, must be as good as any
issue can possibly be, and there is, therefore,
no valid reason why they should not be re
ceived by our own people, aAd by all others
who have business dealings with Augusta,
with cheerfulness and for all they express. It
will not be long before those who are now
seeking to depreciate them, will be anxious to
obtain them for the payment Of their taxes.


The City of Augusta has always maintained
inviolate her character for financial probity,
and she will continue to maintain that reputa-
ton so far; as these obligations are concerned.
She has never repudiated her liabilities, and
she is not now in situation to render it nee
essary for her to do so.


I therefore trust there will be no further at
tempt to dspreciate the bills of the City Coun.
ell, aud should there be such attempt made
Ly unprihcipled spectators in the lfe.blood
Of community, that it will be frowned down
by al. classes.


ROBERT Ii. May,


Mayor of City Of Augusta.