Newspaper Page Text
t'fnoniclcitfnitincl.
0 {
iM:roii r
UK! KK 1 AH’. 01 IIIK 1 HEASI Iti
iKEA -t KY DWARTMEST, C. S. A,, I
ffo HMOMI. NoV. 7, IbC4. f
j .■; . i
S:p. 1 have the honor to übmi: toft follow* ;
report of the rendition ot this Ilepait
on the Ist of October, 18C4. The last j
j 4 !fin*: D submit: 1 to Cong rest were up to '
Ist ol'April, D* L The receipts into the |
' easury for the two quarters ending on the j
2 Oetohci, 1v64.l v 64. are its follow--:
Four per cent, registered
bonds, Act 17th February,
• J -C4, $13,253,500 00
j |«*r <•, nt. bond.! tind steel;
At tis ltd March, 180:', ' 2h0,200 00
i, ur per cent, bonds an.l
Hock. Act n;J March, laOX 3,500 00 |
d'F'bt per cent, bonds and
dock, Act _ th February,
1861, . 7,000 00 |
Fix per rent, bond3 and stock,
twelfth section Act 17th
February, 1864, 1188,000 00 ;
fcix-per cent, bouds five hun
dred million loan, Act I7ih
February, 1864, 11,1 1,060 (.0
Mi.x.?pi r cent. bonds sixteenth
section Act ITiIF February,
1804, ‘ ' 495,200 00
Tour per cent, call cortin
cates, seventh t- etfou A ;
17ill February, 1 IM, 20 470,160 00
F ven per cent, bonds, Act
20th February, 1803, 2,700 00
Fix per cent, certificates of
IndebtcdnetH, Act 17ta
. February, 1604, 1,730,100 00
Tax on old Li;ue redeemed, 14,440,666 00
]lnpayments by disbursing oIT
filers, 20,115,840 51
Treasury notes, under Act F. i ll
'February, 186 t, 277.570,950 50
'War tax, ' ' 42.294;311 46
Utqucstmtion, 1,258.732 75
Customs, 59,004 58
Export duty, 4,320 12
Overseers’ exemption arid tax
on non-combatants, 30,-500 00
Miscellaneous receipts, 821,783 13
Coin seined by iluthoiily of
Secretary ot War. 1,653,200 0(1
Premium ou loans, , d.822.249 36
ihrldiem' lax, on- ,622 22
Patent fund, 866 16
8 11.1,161.550 39 |
Tho expendiiiui a during the .-aioe period I
n v e as follows: ■ |
War Depart men I, 246,367.-142 91
Navy Department, r 5.554,802 28
CuaUims, .26,585 43
< ivil, lnisiellanec.-ii and for
ell'll intercourse. . 10.127,671 91
8272,278,505 50
Tnblic debt for payment of
interest. 10.772,883 II
Public dnV—for pay men lof
priucipal, 831,787,444 Oil
s6l 1,'.188.832 70
The balance in Uio Treasury
on Ist April, 1864, wa-i 25118.2-2:722 1 1
The amohnl received Mince is 415 161,550 39
. ~ i,474,272 58
'.Deduct amount of expendi
tures, 61 1,838,8 ;2 70
•The balance in the Tiva. iivy ia slos,i:F>. I-- .•<
This banee F made up a* follow.'.:
Treasury not -a (new ic-iie)
■ ami specie, x'22,053;’200 .81
Treasury note- (old i .-oie) to
be eaucelled, 1i6.382.239 07
• 8.108,155,489 88
I
The pohli debt on the Lit ol October, 1861,
WAS us follow-':
Fund d-e'uj,
Total issue of laoid.. and
stocks, : ’,63.-116,150 00
• Total issue of i ill ( efiiii ate >. 197.575.376 00
Total issue ol i'ci life ate:, ol
,y •iudebiedae. q 19,010,060 Oil
' Total issue of produce ■ -r'.in
cates, Act April 21’ 1862, 3..'>00,000 00
Aiuouut of 7,10 interest
notes, which hare ns-aiincd
the charm ter of p.-i man: :,i
bonds, '.19,951,900 00
Reduce I by amount rod; in
ed. to wit.: to t.d',420 0!)
Act May 16,
1861, prin
cipal, $ 297,600 00
Act Augc-i
. 19, 1861,
principal, 1,267,700 00
Call ceititi
cates, Act
December
24, 1861,
cent, 70,729.030 00
Cal! certiti-
rates, Act
March 28,
1883. ilii*
per rout , To.fiuO.OOO 00
Call certiti •
rate's. Ai t
March 28.
1803, four
per cent , 1,820,0ut) no
soar..Bifl,two uo
Unfunded debt
Amount 8..00 interest notes
outstanding, 518.050 00
Total i-: !1 ,»*
1' v e as u V y
notes old
issue. 8973,291.5C3 50
Seduced by
amo u n t
. called in
tor cancel
lation, 019,047,045 30*
Total issue i'rearurv notea—
uew i'-'ie, 283,880,150 00
1.147,970,208 00
The estimate, submitted by the various de
partments tor the support ii the p-ovcnim nt
lor the six months t,. ia 1-t ; t
•Tilly, 1565. are as tullov. M
Legislative, $ 375,000 00
Executive offlee, - (7,815 +0
Treasury Department, -!.02ti.3.'.0 00
War Department, t<>2.;>l 2 2t!(> 33
Navy Department, 11,0.'5.7;;1 77
I'ostuftice Department. -jot ::-»*.*• »j;;
Mate Department, pi,
Department ol J oat ice, . i:. u; l -jr,
Miscellaneous, la.miu.mm mi
Aggregate, - fi: * o:;.i.hi.> 7:;
Thu balance of appropriations not draw n on
' the Ist of October, In; 1, an-a- !.o! ays;
Civil and miscellaneous p)7..>,’[,ui| 13
War Deportment, id 2 1 -02*01 9
. r'nstoins, - i ~8;;
Navy Depaitincn:, 2"-.V-* ».T«-; *•>
* 8711.1ii0, 118 95
The expenditure wee estimated by my
predecessor tor the 11.: e un-ntbs from Ist
April to I t July at t?D-2.tvti oo At this
rate the expendituu* tor tr. ix months
should have l*oeu * ; -T 000,000 00
Tii this amount must be ad
ded (be debts then staled in
tie in arrear. wlri. h do uc:
appear have been re
duced, the a m>l iXj-elldi-
- '- 1 ■ ’ -e 75,006 000 00
$399,000 000 00
Deduct amount paid, 284,251,380 00
114,74 b 614 00
Add the estimated expendi
tures from Ist October to
Ist January, 1865', 162,000 000 00
This exhibit* a total of $270,748,614 00
yet to charged against exist
ing appropriations.
This amount deducted from the balance of
appropriations undre.wn, via : $744,165,118 95,
leaves the following amounts from past ap
propriations applicable to the expenditures of
the six months from first of January to the
Ist of July, 1865, $16.7416,504.
The preceding tables of the public debt, de
rived from the books of the Register, presents
an aggregate of $1,147,970,208. The follow
ing summary includes the results of the taxa
tion and funding of the old issues, which do
not yet ajipear on the books of the Register, and
exhibits the state of the debt with more preci
sion :
Funded debt, October Ist .$539,340,090
Bonds, four per cent, to be is
sued for the old currency, fund
ed, viz :
F of the Mississippi, $250,000,000
W. of the Mississippi, 30,000,000 _
♦ „ $819,340 090
Deduct amount of four per cent
bonds, receivable in payment
to taxes, $1,000,000
Total of funded debt, $788,340,090
Unfunded debt :
Treasury notes out
. standing 324,233,918
Deduct amount fun
ded in Trans Mis
sissippi Department, 30,000,000
$294,233,918
Deduct tax 88 1 per
cent, ' 98,077,973
Treasury notes, un
der the art 17th cf
Feb, 1864, 283,880 150
$1,218,376,185
This sum is liable to
a further reduction
for the following
items of debt in
cluded in the Re
gisters, but still in
the treasury, viz :
'i'reaa’y notes new
issue, $22,052,200
Bonds, 6 per ct. 500
million loan, 27,564,150
i Bonds « per ct. 100
million loan, 8,000,000
j Certificates of in
debtedness 17,270,24)0
| Fail certificates, 4
j per reiit, 22,106,840
91,995,000
Total debt, Ort. 1, 1864 $1,126,381,095
A table of the public debt on the Ist of
April, 1861, prepared on the same priuciple,
shows it to have been as follows :
Funded debt $523,530,670
Bonds, four per cent® for cur
rency funded, 280,000,000
i Total funded debt, April Ist, 803,530,670
Unfunded debt:
| Treasury notes,
i amount out
standing by
the Register’s
I accounts, $505,792,103
I Deduct amounts
funded in Trans
it! issixsippi De
partment, 30,000,000
475,792,103
Driblet tax ol 331
per rent, 158,507,368
4 317,101,73#
Total debt, April Ist, 18C4, $1,120,725,405
Which compared with the sum of debt similar
ly usc.etlained on Ist October, $1,218,376,183,
t-howing an augmentation of $97'G60,780 In the
ix mouth:- from Ist April to Is'. October, 1.864.
ibis n I iition to our indebtedness Is smaller
than might have been apprehended, yet is
greater than if the currency had value,
and thereby the expenditures had been re
din ed : and the large amount of taxes paid had
contributed exclusively to the relief of the
Treasury.
i’he foreign debt, consisting of a single item,
| is omitted ; the whole amount being under
1 $2.260,n0t), is adequately provided for by the
j colton owned by the Government, even at
sixpence per pound ; the quantity being about
i 256,000 bales.
The expenditures of the current quarter, it
’ is e r umed. will t>e met from the following re
] sources, viz :
: treasury notes : amount unex
pended of the proportion appli
! cable to the payment ofexpendi
t urea, ’ $80,000,000
j Taxes : amount to be received for
the last quarter of 1864, estima
ted it 35,000,000
Bands, certificates of indebtedness
and loans on hypothecgHon of
bonds, 47,000,000
$162,000,000
Tito cpvtifiv’fttps of in.it-li'eifoeaa, provided by
(lit- act oi 17lb February, 1864, did not prove
>ii lAvoritc an investment aa was andcipated,
■h i Bit; amount ot’ tbeee securities, taken in
I-ment by public creditors up to Ist October,
j is $2,000,6(16 only. From the sale of bonds
■and loans ou hypothecation of -bond!, about
: 1 000.000 war, rained, and from the new Issue
! ol treasury notes $283,000,000.
Tito lar;;0 and rapid issue of treasury notes is
iin- move to be regreted from the failure of the
measures relied upon to sustain their value and
j c l:toe expenditures. The new notes are re
vived by the public at a value scarcely, any
i tier tbn the old. and, as a consequence, tfo.
| expenses have not declined.
i'lt ' currency demands the immediate and
Mho gravest consideration ot Congress. Unless
.1 uniform aud stable value can be given to the
j Treasury notes, Iho effort to carry on the .war
through their instrumentality, must of necessi
v bo abandoned. Acquiescence in its de
piorablo depreciation, is to court the min to
which it leads. One hundred and thirty five
dollars in currency, the price obtained for one
hundred dollars in six per cent, bonds, is equal
to six dollars only in specie ; and to sell the
bonds at this rale is, in reality, to dispose of
diem at ninety-font per cent, discount ; or, iu
oilier words, to give a bond lor oud hundred
dollars, iu consideration of the loan of six dol-
Therejs not a man of property in the coun
try who would not prefer any fair measure of
taxation, rather than procure a temporary
and treacSerous prosperity by the sale of mort
geges on his estate at this ruinous rate.
Tito depreciation of thecurieucy, proceed
h ; from redundancy, and the want of confi
dence in its ultimate redemption, can only be
• one. ted by measures that, shall both diminish,
: volume and sustain the public confidence.
I '• measures adopted by Congress to reduce
t! ■-currency, did not combine these esseutial
elements oi success. Those who had taken
old notes, relying on the good faith ot the
i Government, on find ting them suddenly de
ptivedot one third of their nominal value,
be jitic alarmed, and received the new notes
j under strong apprehensions of ft repetition of
;t.c u'.case.re. At the time, too. that the cur
. ren, net. provided for a circulation exceeding
hundred millions of dollars, it circntn
vibed and reduced the demand for the notes,
;■ making the four per vent, bonds, receivable
;; the payment 6f flaxes. By the Ist day of
August $176,006,600 of the new notes had al
ready been issued, and less than $10,000,000
s: diced for the payment of taxes collected at
that date. Depreciation commenced at once,
and proceeded at so rapid a rate that by the Ist
day of October, gold was selling at twenty-five
d-diais for one.
The tsv.'r- -fly of providing a speedy and etfi-
I;a. remedy tor this condition of thing* is ob
vious, i fie bonds h;ie to iu- gold for this cur
rency ; the taxes mnst be collected in it a? > t
hence all the means ol the Government lor the
purchase of supplies will consist ot this welinw.
Admitting that the amount which may ha raised
from these sources, is nominally equal.to the
estimated expenditures, there is yet no secur
ity against such a further decline in the value
of the notes a3 will disappoint present calcula
tions, arid add enormously to the accumulation
of the public debt. The time, therefore, seems
ho have arrived when Congress should take
measures to restore and sustain the currency,
ot make provision lor its honorable redemption,
and resort to the use of specie and bank-notes.
The adoption of the last alternative, it is fenred.*
would produce greet embarrassment: in the
community, and the impossibility o? obtaining
an adequate supply of specie and bank notes
for the wants of the Government, would cre
ate the necessity for a system cf universal im
pressments, followed t-y incalculable suffering
and distress.
That the Government must be supplied with
sufficient means to carry on the war, aU are
agreed, Our enemy offers us no termsshort of
unconditional surrender of life, liberty and
property, and no choice is left us, even if we
were disposed to hesitate, which we are not,
but to continue the war. The adoption there
fore, of a permanent and effectual system ci fi
nance is indispensable to the full development
and unconstrained use of our resources. The
return to specie payment being for the present
impracticable, the enquiry is whether it is pos.
sible to restore and maintain ilie value ot the
treasury notes as a currenoy. The accomplish
ment of this end is of such vast importance,
that it is, of all others, that to which- the re
sources of the country should be devoted and
applied. Were it possible to anticipate the
productions of future yeats of peace, and con
vert them into money for immediate use. the
expediency of resorting to such a measure
could not be doubted. May not a near ap
proach to it he made by devoting a portion of
those future productions to the purpose of im
parting to the treasury notes a high and sta
ble value? I submit that this may be done,
and respectfully propose a plan for its accom-
plishment.
It is an act pledging'the faith of the Govern
ment against the issue of treasury notes beyond
the amount authorized by the net of 17th Feb
ruary, 18G4; exempting the notes from taxa
tion; providing for the application of twenty
per cent, of the taxes annually to the i eduction,
of that amount until peace be declared or the
outstanding sum be reduced to $150,000,000,
continuing the tax in kind after the war, and
appropriatingjan ascertained proportion thereof
annually to the redemption or payment of the
circulation, untii'tho whole shall be ii-Fred.
I propose that the redemption shall be made
from the tithes of cotton, wheat and corn, at
prices fixed by tin*act, namely: cotton at fifty
cents per pound, wheat ul four dollars per
bushel, and coin at two dollars per bushel;
that, the notes be received after the war, from
all persons liable to the tax in kia l ( in c on
mutation of their t ithes; and that the Secre
tary of the Treasury be authorized to issue
certificates in exc-bango for treasury notes, bear
ing per cent interest, secured and redeem
able in the same manner ami on the same terms
as the notes themselves, free from taxation
and receivable after the war in payment of
the lax in kiitd; and that irii not. s, received
into the treasury for these certificates, bo can
celled.
The effect of this measure would bo that, at
present prices, the entire population would be
interested in exchanging their productions for
treasury notes. They would constitute not
only a safe currency, but. a profitable invest
ment, lor in the ratio of ten dollars for one, as
compared with specie, the produce obtained in
payment at the close of the war, would cost 4lie
following prices, i ix: cotton five cents per
pound, wheat foity cents per bushel and corn
twenty cents. These nominally low prices
would not operate to the pmljmtice of Ike ag
ricuKurist, for his tax, being in kind, would
neither be increased nor diminished by tire
price. Jt is true lie would have a collateral
interest hi common with lax payers generally,
(tor of course all interest will be taxed,) in
the redemption of the notes at a moderate rate.
In this respect his interest would be pyoleeUd
by the prices stipulated by the ai t which are
not too low for a time of peace. But if they
were, a full compeinafioti would aCriee to the
taxpayer in the immediate enhancement of
the notes ami consequent reduction of expenses..
Afid the producer would find a complete in
demnity >a the sale of a bushel o! com now at
four dollars, &3‘l the application of the money
to the payment of a tax heiyailer of two bush
els. m
In snggesting ths three articles of cotton,
whtat and coin, as a specific pledge for the
redemption of the currency, no immunity from
their lull proportion of taxation is intended to
he implied, in respect, to other obi ets ut the
tax in kind, or uny subject of taxation what
soever. Those are only Assigned to this par
ticular ofii eor function because of their pc
culiar adaptation thereto.
Tile following is an estimate of Iho it.sources
to be thus applied, viz:’wheat, twenty five
million lmshels;' Indian coin, (wo hundred
million bushels, p.nd cotton, two million baba
A tax ot too per cent, would yield as fol
lows:
Wheat, two million five hundred
thousand bushels at' four dol
lars, $16,009,000
Indian corn,twenty million bush
e’sat two dollars, ' 40,000,006
Cotton, two hundred thousand
bales, at S2OO per bale 40,000,000
$90,600,000
This amount applied annually would redeem
the notes outstanding'in four or five years.
The credit due to t his estimate may ha itifeiiod
from the following nummary of the crops of
the Confederate States before she war, taken
from the census ot 18(50.
( ill Ut: i.s. ..".V.'SD AT ‘ .0 I.CS. I'Klt HA I.:: AN,. .31 CI:.: I'tH'M); \\ HKAT AT B>l P!CR BI'HHKt., AND Coii.N AT $2 i'K[t tit rttlttl,.'
L’ur. . j * Wmk\7. ~ ) ' * Corn? j
Wtati<B - ' ; - | Weight, j Value. .j , BusheU. | ] Buaheii- | VahiJn f Tbtri Value.
Virginia, | 12,727] 5,090,8001 2,545,4001 13,129,1 80 1 62,516,720] 38,360,7041 73,721,4081 131,783,528
.Noith Uuroiina, 145,51! 58,205,60(1] 29,163,800 4,743,706; 18,974,824 30,078,56 b 60,157,128 108,234,752
i ■simt!.Carolina, ! 353,413 i 11,365,200] 70,683,600 1,285,63 1| 5,142,524 15,065,606! 30,131,212 105,956,33d
! ‘ wore; a, '<01,840 280,736,001) 11(1,368,0001 2,544,913] 10,179,662 30,776,298! 61.552,586 2 12,! 00',238
I Alabama. 933,051 393,400,400 190,730,200 ■ 1,222,487i 4.889,948] 32,761,194 ' 65,522,388 267,143,534
Mississippi, 1-302,055 480,822,000 240,111,000 579,452 2,317,808 29,563,735: 59,127, 470 301,856,278
! ’‘'foriri«. 66,063 26,425,200 13,312,6001 2,80R| 11,232 2,824,538 5,619,076’ 18,813,908
I Louis--.;, i, 722,42 1 288,069,600 144,481,300 29,283 117,132 16,205,856] 32,411,712 177,013,644
415,2.81 166,112,400 83,056,200 1,164,273i 5,857.0921 16,521,593 33,043,186 121,956,478
Arkansas, 346,445 146.580,000 73.293,000 955,298 3,821,192; 17,758,6651 35,617,330 112,631,622
Tennessee, 212.019 84,807,600 42,403,800i 5,409,8631 21,039,452; 50,748,266| 101,496.532 165,539,784
Kentucky, 4 for: 1,636.800 8! 8,1 00 7,391,81 ij 29,579,244 64,043,6331 128,087,266 168,479,910
Missouri, 101 40,400 20,206] 4,227,586] 16,910,341 72,892,157] 115,784,314 162,714,858
5,185,645 2,074,258,000 $1,037, 129,0O4)| 42,989,2911 $ 171,952,16- i! 417,600,8041 $835,201 ,608 $2,041,282,573
ihe leading details of this plan or measure ;
t) r .-Mire tlit* public of the safety ot the cur- i
rein-;.’, end the redemption of it in full, will
cm- ■ id, the ratio in which the selected sta
ples should be combined, and of the provision
necessary to equalize the value of the post
poned nfid preceding instalments. The combi
nation of rh<j staples, as recommended in this
Co- tori. The {scheme recommended in another
place',-'Tor' the purpose of harmonizing the
val usewf-tfie ifqJoessive instalments, is the sub
stituiieTvei pertkicatea, bearing interest, for
me opart by the herders, in com*
mutation tax, or to purchase the
t’-thes. Aftr’rT'ge tacst careful investigation, I
am yitfißeOMliat tbfe measure may be success-
w.piactice.
I mi )¥ JvchjPQe l .M>iqu of this system, a sure
appreciaUon 61. the currency may confidently
be ex£#efe3. All Will discern the advantage
to ai;ise lsxrar tbe-atquisition of treasury notes
at pieaiia*,fujtef r and.eveii foreign capital may
ted tp,absorb a part, for, at the rate
of ten dolTars for one dollar of specie, the cost
ofTOtfbil*WoiVi(i "lie reduced to five eeuts per
pound**- - dJeUTideaee may be expected to return;
for ahodread repudiation, and those who
wouhjTregartl. tlTa return to specie payments
wi:h FqCai alar raj would both be encouraged
and SsetfrOfl.' Tn**imparting increased value
and jietHwi if to the treasury notes, greater re
liance in the value of the fnuded debt, would
be inaplrqd, for the expenditures would be«re
duceill and the accumulation of debt be re
tarded.
The Cusaseucy debt being provid-*
ed for, the t->tal remainder, to
wh; the funded debt, would be
n:< Sittftujf stated. $738,340,000
And if to this sum.be added the
aniaiTßt el bonds’ to be sold be
- 'the ist January, which
may be estimated at about 40,000,000
The total sum of,interest-bear
ingxlyUton Fhe.lstof January,
1865. will be $778,340,000
The Value cf >h£ f'bal and per-
BOnaf'pto'p'gf’ty’ in the Confed
• crate Hi atea, in 1.960, according
to aided Statc3 census,
taken at specie value, was $5,202,166,107
Nofwrthshmdihg the waste and desolation of
the wae f .jlnd* the amount of property in the
euespjyti Hues, the subjects of taxation under
theaeS-of 17th February, 1864, according to
the returns’ made tp the commissioners by the
assessors, under tljq act of 19th August, 1861,
is as fellows;, viz ;
Property .employed iu,ncriculture:
Specie ’Value/ $3,960,758,777
valued - '
at s.T'for s ! l,' $14,503,753,890
Otlw.y property :*
Specie.yglue, . . ,!,450,379,379
Currency 'valued
at $7 sot: $! ,' " 10,152,665,653
Specie value;. $4,351,138,166 :
Currency value, $24,656,440,543
ThereiS.au clement of our national wealth,
taken rfitg.ly;- that exhibits, in a striking view,
ihe amplitude of our resources to meet our
wants., I yyfov to the great staple of cotton.
The nett proceeds of one bale exported and
sold iu Fngland at. the present price is about
two 1: find red dollars in gold ; and at the rate
of ten.dollars in currency for one dollar in
gold, this js ;:i{V.;ri to two thousand dollars;
and toToiiv bfliiotis dollars for the two mil
lions dff ba'itff estimated to be still in the conn
fry, u sipn-uforedhan five times as great ns
tlit> flunk and debt, j The impossibility of reali
zing the full benefit of this resource under
o.vistkig cii'ei!tnsf|nees is admitted; but the
st.atcinerrf.' 5 xhibits the abundance of opr
means ; and every.-effort should, be made to
appiyitJiijf great filehieut of Wealth and power
to the. purpose ,of arresting tiie progress of
dt'pn diatioh - , and reiarding the accumulation
of debt. ft.
i piop»Sie an-additional duty of five cents
per pqund >.i) Jbe exportation of colton and
lobar to find’the dirolji'atiou of the duties on
impi)) 6; ; ji.-v laapl, («> be made in coupons of
the iiv‘;F>"l>bndi(‘i mi'ilion loan, sterling ex
cha!j;:;e fetid specie, as now provided by law..
The.price of cotton in Liverpool bring about
sixty VtmiH per jio'un 1, the deduction of five
cents'fiir’flio’tfiK Would hardly have an appre
ciabhi.clt.->et upon its value in currency. 'J he
duty would bill.clurfly on the foreign consu
mer, or be taken tiom the profits of the ex
porfa* 1 and an important financial advantage
vvouHl be cibtatficd p,t a moderate expense to
ll.c cisiutjy. The increased duty on’ imports
j a.small tax on this ' lucrative trade.
If p,tid hv ihe importer, it would be free from
ail objs’etlon ; and if by the iris
abiiii.rtfe’ichi' it is abundantly proven by the
high price paid for goods. TJipse measures
would, enhance the value and enlarge the de
mand lev the live hundred million loan.-
The expenditures for Ihe six
nionihs, from the first of
J.uimny, to the - fust of July,
1865.. vyitli an improved cur
eency, may be gifeiy estimated
at a maximum .of $300,090,000;
end for the twelve months at $600,000,000
To this ttmountsiiiut he added for
the .rgdfiU.iiiioti. of notes, as •
prop-bsed, the’bum of 60.000,000
Ami lor’the Fstimat-x! aiqount of
floating debt,’ 114,000,000
. • $774,000,060
To these demands upon the Treasury
I propose tlnx following scheme of taxation
anil loans, vs?
1. Taxation,.to-hiding the tax
in kjiiu t $360,000,(100
2. Silo of bonds of the 566 mil
lien.loan and eel tiiieates of iu
dehfchrtsa,. . 400.000,060
•3. impoit'.ml export dues and
miairdhtneoiis teceipls, 5,000,000
•-. ' $774,1*00,000
To va.F.e the amount proposed by fixation,
I tpco’iiiui*nj iiio lop.-.il of so mucli ol the
net amCi'ding Viie net of 17th of February,
1864. s vviil leave the property an>l income
j (Tv in hill operation, without the abatements
! now allowed, viz: Section 1, paragraph 1, of
tin? anVethlatory act of 14di .June, 1864, which
provides that thO value of tbetax in kind shall
be. dodtwtedffmni thcrad vatorem tax on agri
cuitiirftl .property: and section S, paragraph 2,
o: the same act,which provides that the property
tax i,ha’ll be deducted from the income tax. By
this change the choired amount of revenue will
be secured,.and tire prominent inequalities of
taxation, now the subject of complaint, will
be redressed. . .
The ia* in kind being ten per cent, and its
value in currency, $145,000,000, it follows that
the pi'odi.cliQPs taxed amounted in value to
$1,450 It; D; oed the assessed value of Ihe
properly from which these productions are de
rivt .l being $2,909,768,778.40, it is apparent
that Uic- press income of $1,450,000,000 is
equal to fifty per cent, of the assessed value of
the property, JTvne<\ an ngricultural estate
of the valve of Sri 00,000. nihjcct to an ad valo
rem hv:.,pf Fwjlild, yielded a gross income of
$-50,1100; The tithe of this income ($5,000)
paid the properly tax and left undiminished
s!s,i od.(s<'fof:onie. This result was the con
sequence of valuing the pr>>perty for taxation
j in t-pccisji foul tins proilnctions leceived in pay
meat c-K the tax, ip .curiency. Had the proper
ty bccn’vVuifd in the medium in which the
tax was'j->sy?;bi'e,'l he assessment would have
been at. least $50p,000, and the tax $25,000;
or hati the-’ai ticies received in kind been valu
ed, rt tUe-piopiirty was, in specie, the payment
would tbri base exceeded $2,000, and 53,000
more oflax would have been received in cur
rency.
The imffju'ahty of taxation that resnlted is
mat:* i onspicifoirs b ya comparison with invest
ment-: made in Government ceiutities.* The
] siunc-snpt o(. SIOO,OOO, in eight per cent, bonds
.yielding s-B.oil!hJ per. annum interest, paid S-5-
000 tax. arid foil a clear income of only $3-
OJii. Capital SnVested in bankiog, presents a
eoi.trastsinuaHy striking, ODe of the banks
in t. v-JiicU is refened to as an exam
ple only.'ov a capital of $2,336,000, paid 424-
biO {axes, the specie being assessed at eighteen
times the Value of 1860; and the amount distri
buted umong-tbe stockholders as income was
. ; --hN.’.4O. Ou SIOO,OOO conseanently. thus
] invested, the tax was $16)000, and the income
; 11,500. Tliece inequalities gave rise to grave
j complaints, whilst auy amount of taxation.
] equitably distributed, would doubtless be
[ chserinty met.
The collection of n large sum in Texas is!
essential to the reform id the currency, and >
the country is in a condition the mi st favora- !
ble to bear the burden. The abutidauce of,
money and high price ol every species ot prop’- j
erty and supnlie<. would render the payment !
easy and nee from embarrassment. Tire Treas
ury will derive little aid limn this source in
the present year. The tax on the currency
■brought no tevenue, operating only as a re.
duction of the ci) dilation. The other taxes,
with comparatively little exception, will be
received in four per cent bends. The taxes
upon propeity and income respectively, are,
to some extent, nominal ooiy:‘ t *he ad valorem
tax on property engaged in agriculture being
discharged* by "the credit of the tax in kind,
and the income tax on other property dimin
ished by the whole sura of the*nd valorem tax.
These abatements, and the payments in lour
per cent, bonds, results in reducing the revenue
from taxation (exclusive of the soldiers’ tax)
to about $10,000,000.
The accompanying able report of the Com
missioner of Taxes is referred to for ranch val
uableand interesting information ou this im
portantT subj eet.
Computing the property of the country at
the present estimated value, the following is
the existing rat i of taxation, viz:
Value ot real and personal
property iu currency, rated
at live to seven times the
valuation of 1860, 24.656,449,551
Total amount of taxes, inelu
*diag th etax in kind, ami
the soldiers’ tax 287,000 000
which is at the rate of one and one si*th per
cent.
With this estimate of the resources of the
Confederacy, the taxes proposed for Ihe ensu
ing year cannot bo deemed excessive. The
sum of $360,000,000, reduced into specie at
twenty dollars for one dollar, is only $18,060.-
000. and this amount, applied to the values of
viz: $4,351,167.157, is at the rate of less
"than one-hall' of one per cent. And if*the
calculation ii made in currency, viz: $360,600,-
066, upon an assessment of $24,656,449,551,
it would amount to one and a halt per cent. —
And when it is remembered that with the pay
ment of the taxes quarterly, a measure which 1
strongly recommend, less than one fourth of the
currency will suffice for the quarter’s tax, and
the amount collected in any one quarter will
be restored to the circulation before another
becomes payable, it is apparent that the re
sources of tho country are amplo to meet the
proposed increase of taxes.
It may be objected that the several meas
ures combined will unduly reduce the circula
tion, and expose the country to the evils of a
declining and insufficient currency. The reply
to this objection is, that the evils predicated
are to some extent, inseparable froin the re -
duction of the currency nnd.lho improvement
of its value. Auy measures that are successful
iu effecting the desired reform musfoot* ueces-'
sitv, be followed by the trials Unit attend upon
such a transition. If Congress does not in<*
impose, and by some such measures as 1 have
ventured to recommend, restore tile currency,
gradually, judiciously, and by means of volun
tary action, it will assuredly rectify itself by
some violent and disastrous convulsion.
The developments attending the execution
of the Currency Act of Februray 17, 1864 re
veal clearly that the great body of the circu
lation is held in iin derate sums by persons ol
limited means, in all classes of the papulation.
The deposits hold by the banks, large* as they,
are in the aggregate, proved to be the aceunin
lations of iudiykiu al depositors in all parts of
the country. The repo, tof the depositaries ap
pointed for funding the old notes show that
soldiers,.soldiers’ families and the poor goner
ally, have been the heaviest sufferers by the
tax oti the currency and its depreciation. In
view of the large stake of the poorer classes of
society in the currency, the responsibility o f
living the value and establishing the security
of tl(p-notes, assumes the gravity of a sacred
duty. The soldier, and all who are forced to
the immediate use of their money, are without
ihe chance of u dress for the loss they Hiistain
by the depreciation, whereas the ..apitaliin has
it hi his power; to -indemnify himself; and even
reap a profit by investing in public bonds.
The measures proposed may be expected to
correct this inequality, and give to those who
claim our sympathy n mortgage upon opr fu
ture supplies for bread qt tnr prices, and when
tho war is over Ihe country will enjoy the sat
isfaction of having prolecledjts delenders from
want. * ‘ ■
If the propose;! reform should bo followed
by a general upd large decline in prices, the
result would be hailed- with the )ivalient satis
faction, except by those whose imprudent in
vestments l'.ave contributed to the derange
ment we desire to correcK No improvement
of the currency nn be expected that will not.
be attended by an immediate decline of prices.
11, will, therefore, fie idle to fay that the re
form of the curiency is desired, if wo are will
ing that existing prices should be continued,
and to shrink from measures that will beat
tended by the result:-! indicated, ia to oppose
the reform of the currency'. Ibe time for hes
itation is past, and ope of two alternatives must
be adopted. Measures sho rid be taken, with
out delay, to revive confidence in tho treasury
notes and uphold their value, or a tax paya
ble in specie and the notes of solvent banks be
resorted to. In the mod favorable lighten
which the notes eat) be regards.l the purcha
sing quality docs not exceed one to seven or
eight, as compared with specie; and the bonds
are even lower in value, being sold at, the late
of one hundred dollars in bonds ter nix dollars
in specie. To continue such exchanges, if, in
deed, for any length, of time it- were possible,
would be ruinous. But my conviction ia, that
it, is impossible to persevere, and unices prorapT
and decided nieastit'cs of reform are adopted,
the progress of depreciation will be acca’tuated ,
and our emb.i.rassments become inpnrmounta- :
ble. I would, therefoTe, earnestly urge upon
Congress the necessity of acting with dispatch,
and, by Ihe adoption of vigorous and decided
measures, restore the value of the currency
and avert the calamity with which we are
threatened.
To remove apprehensions of our ability to
b'-ar with eoaveuiauee the increased taxation
recommended, it will softies to call attention
to the amount of inx s paid this year.
The total amount of taxes is es
timated at $374,183,414
Rot from this sum must he de
ducted tho credit given for the
tax in kind anil thuincom 1 ti.y,
viz 128,787,245
Leaving as the amount of taxes
actually paid .$245,401,169
To this amount must be added
the tax on treasury notes of
thirty three and a third per
cent ; andjas tho four; per cent,
bonds have declined in value
to $66 66 pei SIOO, (lie tax. in
fdxect, included the whole sum
of issues, except iu so far at
the bonds were lined at tar ju
the payment of taxes, viz :
Total issue $797,792,000
Less estimated am’t
t>f four per cent,
bonds receivable
in payment of tax
es 89,000,000
$768,792,000
$708,792,000 at thiriy-thn-e and
a third per cent-. 236,264,000
Sum of taxation actually borna
by the people in 1864 $481,605,169
Os thi3 S';nr there was received i:i aid of the
Treasury, viz :
Tax in kind valued at $145,527,431
Tax paid in currency 40,000,000
£185,52* ,431
It is now proposed to raise $360-
000.000, which wili bring into
the treasury an excess over last
year of 174,472 569
$360,000,000
whilst toe sum of taxation to be met by tha
people will lie $121,665,109 less than last year.
I would lespeetfullv recommend that all
Government bonds >tnd stocks, and loans of
every description to the Government, bo de
clared free from taxation, except upon the in
come derived therefrom; and that the income
tax be at the same rate and subject to the
same conditions as other income taxes. The pol
icy of this measure is obvious. Under exist
ing laws, except in the case of tha live hun
dred million loan and the certificates of in
debtedness, the income derived from fiotvin -
ment securities is nearly all taken back in the
form of taxation. One eft'aet is to drive the* 1
bouds abroad and create a. foreign debt that
will be found oppressive on the return of I
peace, and another is to raise a preference for j
other investments over Government securities
Many investments yield larger income than
simple interest, anil are capsule of bearing the
tax; but the interest on Government loans be
fog limited, and not susceptible of augmenta
tion, the tax of five per cent, absorbs nearly
the entire income. In the case ot the four per
cent, bonds the whole would be takea. and
when it is remembered that this rate of inter
est is tow, and that the loan was in a measure ;
compulsory, this class of public creditors i
seems particularly entitled to the considera
tion of Congress. Tender regard for the. just
claims of those who, confiding in the honor !
and good faith of the Government, responded j
to its calls for pecuniary aid, will be attended
by no loss, since they who deal the mc-t hon
orably with the creditor invariably borrow on
the best and most economical terms.
I would particularly call attention to'a class
of creditors now lending their money to the
Treasury at four per cent interest, on the
hypothecation of the six per ceat. non-taxable
bond3. It is obviously the interest of Govern
ment to exempt these loans from taxation, iu
like manner with the bonds they represent.
The tax also upon Ihe banks desesves, in a
particular manner, the careful consideration of
Gongress. It would be a conspicuous wrong to
constrain these institutions to wind up their
affairs, and aserious loss, both to tho pbuii.
and the Government to deprive the country ot
the support to be drawn from the concentra
ted capital they possess. This, I think, must
eventually be.the effect of the present tax if
confirmed, and I recommend a modification of i
tiie law, such, in my opinion, as w ill give the
desired relief, and leave the revenue uudimiu
ished. The assets of the banks represent the
the following interests:
1. The capital belonging to the stock holders
2. The surplus fund also belonging to the
stockholders.
3. The deposits belonging to their custom
ers.
4. Outstanding circulation belonging to the
bill holders.
'I lie following pfon of taxation is proposed :
1. That the ml calorfm tax belaid upon the
sum of the capital and surplus profits, being
the total properly of the stockholders ex
pressed in currency.
2. That deposits lie free from taxation, as
consist of treasury notes only, n tax upon
which reacts upon the Government.
3. That a tax of 25 per cent he laid upon
the notes of the bank payable in specie and
Treasury notes, the former iu the propor
tion that Ihe specie held by the bank beam to
the sum of the outstanding notes; provided,
that all bill holders, presenting their notes at
► tiie bank and making affidavit that the notes
were there, on the day ot the passage of the
act, the property of loyal citizens or aliens in
amity with the Confederate Slates, shall be
taxed five per cent, only., ajid in the same pro
portions as to specie and Treasury notes. And
that it be made the duty of ihe bank to record
the notes thus presented, with the names of
the persons holding the name, and to collect
and pay the tax, and to report to the proper
officer for sequestration, as iq the hands
of tiie enemy, all not as not presented
for record and taxation under the provisions
of tha act.
The circulation of the banks on the Ist of
January, 1859, was as follows, and flic re is no
reason to suppose that it is now auy less :
Virginia....: $10,349,342
North Carolina 6,262.626
Georgia 1 L 687.582
South Carolina' y 176,333
Alabama G. 651.117
Louisiana 9094,6(19
Mississippi 10(1,4(1(1
Tennessee.- 6,472,823
$59,797,231
If limited to the five first named States tiie
tax would still operate on a sum of forty three
million dollars; and if tho returns shall exhib
it a smaller amount than this, the residue
would be brought under sequestration, and
contribute more largely than the tax to the re
lief of the treasury.
The courts having decided that, under the
act of 15th February, 1862, section twent y
seven, the four per cent, bonds, issued under
the act of 17th February, 1864, to reduce the
currency, aye receivable in payment of proper
ty sold under the sequestration laws, I - would
respectfully call the attention of Congress to
the subject. This cannot have been the iuten
firm, and aa no other bonds are thus applied,
but such as are under par, I receommed tiie no
pea! of that provision of the law.
I would also direct the attention of Congress
to the 7 30 notes. Tiie payment of interest ia
attended with the rbk of frauds, and the regu
lations adopted for tiie security of the treasury
are found inconvenient to the public. For
these reasons it is desirable to change the form
of these (obligations, and I recommend that
authority be given to issue six per cent, cou
pon bonds in exchange for the notes. This
measure would effect a saving in interest of
one million three hundred thousand dollars
annually, which sum capitalized i-r equal to a
reduction of nearly twenty millions dollars of
the principal of tho debt.' •
In the act (>f June 14, 1864, to increase the
coionc.qsation of the heads of the several exe
cutive departments, and other (dicers and.
clerks of tha Government, the terms’ u;-d
have been decided hot to include the Coaimia- 1
sinner of Taxes, and the heals o f the other bu- i
reans of the Treasury Department. It is not
supposed to have been thb intention of Con ■
gizss to deny these officers the relief extended
to others, and I suggest (be early passage of
an act to bring them witbin the meaning and
entitle them to the benefits of the act of let
June.
The third section of the act “to
forces to serve during tiie war, approved
17th February, }864, authorizes (he Secretary
ol the Treasury to issue bonds for the pay
ment of tiie bounty provided by rise act, but
Qmits to fix a time for the payment of the
bonds; and i respectfully recommend that the
act be amended in that particular-
I have the honoj to report that the agency
of the Tieasury in the Trans Mississippi dc
paitment has been organized and put in opera
tion,-after ft protracted delay occasioned by the
difficulty of communication. The same cause
lias retarded the receipts therefrom of stab:
meats exhibiting the result of the funding and
of its other operations. Supplies of tiie new
issue of treasury notes, of bonds and certifi
cates of indebtedness, have been'sent to that i
department, and there is every ground to be- I
Sieve that order and efficiency will soon take
place, and the difficulties and embarrassments
hitherto experie-ioed there be-removed.
The reports of the Chiefs of the IToduCe
Loan Bureau and of the Treasury Note Bureau
will lie submitted to Congress in a separate
communication.
G. A. TitfcxnoiAt,
Secretary of T feasnry
TWO MONTHS NOTICES.
V oifolT ~~
Two months afterdate application wl!H*e ira£e to the
Honorable the Court of Ordinary of Columbia county, lorifuve
to tell a iitfgro woman bcl- nglu# to the tdtalfc ot VV, • E. Cart*
late ■.fcaiU county, deceased.
0(14 B*4o A . H. TAIN KhIKKLLY, A»!m.
TttOTIFK.
11 Two uigqUis after tote application will be rnaih-ldthe
l!nu(*r*b!«j« uitiVot.Urti'.imrjr or Gin-ne county. lOr leave to
sell the negroes u&d reil eahite or HeneryK Hunt, late r sat.l
county, deU’Abet!, tor the purpose <-t div elon men*' !l.e cla
trtbutecs ol #aUl Ue<*tU»rd. J OHH. HOt/TZO I A \V,
okrt6tfw4l A <! loin Iff lotto in
Notice.
Two months after datfcfcpphcatton wlLl be made to the
UonorabletheOouaof Ordinary of i.incoln county, for b**ve
to s*li the real Rstate belongiS)* tolhe
rick, la! eof said county, dec -aaed. October sd, 1804.
ALEXANDER JOHNSTON, Adm.'r
01-17 gw4l or Abner h, Humr .i k, oc.
IN °T& months after dat? application will be made tn the
HonoiaMe the Court of Ordinary of Columbia county, l-*
l«*ave to £1! the iamU of ihe estate cl Asham fuller, deceit
late of tiaid county. ... rl , Vfl
oct?oSw44. fr * M. ; I lilt E I*, A too r.
M’dSSSf “ tr SxNjl.Mtoto’iu'.i"
DOvlkwSa Admi.,ill rat., r.
]V°Vfo E inor,U,« an<" Cate a[,|,!!oaUor, w:ll l< msite to tti«
to urt of O.dlnarr or Klcbmoml l.'ouuiy for leave to sell tl,e
belon*Uu[ to the KaUte ol Ouel-ire liiuae, lat : of said
countv,dec ased. LfcON r. OUOAS.
nova 8w46 fcxefiutor
itTOTICE.
Xl Application wIH be made to thi Court of Ordinary of
lincoln county, Georgia, at the first regular term after the ex
piration of two months from this notice, for le*ve t » «eiia
p.irt < i the real estate or •am-s H. Osver, late of said comity,
dcorOsed, ror tbe benefit ofthehelrs ami creditors ot said ae*
MA-HALlil L. C4TKA.
n 5710 J Adm rix of J sines H, Caver, and ec’ti
C-S l‘ A -4 &
c tuMl JJA, 4 b'lL Ck'b Ia COUNTV ' : ~ J
\ l , Me. r. !,. Av-rv.uppiMs u« Mr'tetters of
\V’ \ »* (:! a. amt
diir. K •. . M Is- A vary, dcce'scd.
i •* to ’-it ’ *'t:d admonish all, aul singular
IF n.ufliv , 4;. ’*.'(l t•. ot said minors, lobe and appear
?. 1 n '*/•;* 1 v *' • , i ,i . ■ t bv law. to show kame,
3 ; '»d iiTt«'iN shculd n t i*c gr nted.
,V’ v ‘, : : '''} 1 • h -‘" J '*tb and 6:gftuiure, at ofluv in An
pang, lino 26tU dav of October, lco4.
K W. W. tiHIKI.US.
_no v . <>nliuary.
1 A’ l ' l * lil ' (l Mi’.lA COUNTY,
li> 'v"™?:;' *' :i \ > ;' ule(l lo 1110 the estate of
. i ‘ 'i' - r ‘ •• . . ud admonish alt and elngularthe
• •ffCvl.av .♦ v\ cif ts - .. UF .u a.vd to t e and appear at rnv
r\ . {*, v- ;-.un tt.c •v. .r.s.rd t and by ;w, to show cause, li any
i..ry vi v th-.' a \ l inwt’a’K.n «.f a-iui e.staie shmild nut be
( 2si Cu in tue < s(r ’. S:-;- , r Cuart of Columbia county,
• r sdtve ell or ii ard ;»ron r rei^n.
(.ivt n ur.d-.i ivy lu.La and signature at AppiU>g,Oc*
toher2c.i l, IS-ii. V. >V.
Ordinary.
OK! TA Li A t Ki;ii w UOU>f V,
Where’S Y»m. li. lit* o!fe and John McKinney hav*
nude a!’pD,-a‘.'.;ti to me for l etters of Administration on the
Crfoi*.*. f Wi•:;.,!•> .1 Ow:t ui, I;.te of s.i.d county, ilccecscd.
> : • ti-c thoefi.i’e to cl'.e :o«d ariinprl-h ail, and singular the
k i *:. r %i. c’»vii;*va of “At l ilocr'iFod to he and appear at my
oilivc Vitbiii the Choc p>-. . -ritvd by-law, to show cause. It any
thov have, wiiy sud let tors ~l u u Id not be granted.
(i ven un’er ';•> b.uut and official slguaiure. ut o«*ce la
.CrFAVj'.'dvi'l.?, Oct. Sitn, IUO4. J, D 11AMMA*'K,
novi 4w45 Ordiaury.
£ »a iy ot- gi:okv.;ia, uidhmund county.
Wi' .-, Ebn (rroeri applies j.» tor Letters of ad
tu. ’•■>*i a; l on on tho List ate ot (Jeorge L. (ircen, iute of saitt
ci.uuiy, deceaed.
These are, the.cf.>re f to eit* 1 anti admonish, all and singula.
the iiiiulroda!..! c-'v li* rsof said deceased, to be and appear a r
rnv office, on c before the first Monday in Decenibeincxt,
!;• enow rce.se, if any they lave, why said Letters should no!
be granted.
Hivc n under my Inn l and (dlleia! signature, at office in Au«
gusta, this !.d day of November.
\ DAVID l . KOATH. Ordinary.
(‘ UN T V.
n VJ„ u.tivc iuvtsajv-’.ih”' ta m.' for i.otters of Ad
min ldmton on tli * Lsiate ot K i uVilt i'.'iluh late ot said
cornu r, decuts and.
These are therefore, 1o cite and admordsh ell. and singular
the kindred audceddoiN, .! said dee.qivatt to !%• amt uppext ut
my office, or. or before the first Mornlav iu I‘eeouiber nekt, to
: li.»'.v er.ise, if any they !mv, why s»id letters should not b« •
granted.
(Lv.:u under my hard and official signature, at office In Au*
gild;*, ihi?! Ist day ci November,
n DAVID I*. KOATH, Onllntry,
O f A*i'‘K (JEgTdIUIIaT Kto HM7i % r !*»ToUNTyT ’
} 4 V\).e:ort.., Jotui SnendappHv* t.» sue for Letters of
i].'n,l!iis:r I , i-c.-fm-.-f l.uu,-u A.
county, dec -a jet!:
TU.w ar.-tl.cfßfi.rel.u-tte an.' aJmr.n;J| ami singular tlia
~ lulif.l .uul ni; ..I.;,: ii .i. .-it. i». ii.* r.nii aiipvai a* inv
|'W ' i■#,. nr In--I'on- Hi.- ilul M-.u.;a> in lVi-.Muh.-r next, tu atu,w
i-uM-i*. il at y have, wliv .—.iift .*-!li:iS sh-iu'd 1,,.1 t-un;ai,t
--(liven nnilor my lian-l ami Wflt-lal signature at ofllcein Au-
Rnsla. Hits i.t diyot .9ov.'ml»-r. lAM.
n v 2 lur4 DAV IQ L. KOATH, Ort’f.
i’ATKOf i-.'.iTuUaT Kl(':!lKlt.ND().»WM'r*.
to , Wt..v;ns »p(,li«j to W f-r '.rfttera o*
..uui.ii Ration on i be c riafot oi ItciijJitlim llolt, of.*Ald county,
'I 11-- ; »r.' n.v.i i.uv 1,, dtf a-ul H.lr.Kiuiah all, Ai]il,a!n*uUithe
V l-i .( 110 hi i Mdki.ax ,u Ivcuxuber next, to
*r' U M 1 a,1 ' V “^'*'hy .-rtbl l.etiens should not b*
(live:* ut ray hand uh,-i Offijiil vignature, at oaitc In Aa*
gu.ta, rhis Ist day •.•! ud .-r, LbH.
’ D.xVIDjL. liOAT'U, Ordlisarv.
n*.vß tiw /y
.' l Air. Cl- <} &<> :vV; IA, It J': 1 i MI».MM ?D Li\l\ . * ■*
t ■ \Vli«.u\vt, Murt-haA. U ichels apjdies to me for Letters of
advidnisimtloii fit th-j !•: t:%TT» of Soldinoa Doesley, late ot said
county, deceased.
Tf.i-.w ut,*, thccforD to cite an;] admonish all, end singular,
the hiuitiv i and •. t • !.l -rs t-f suid 4le»vas»*d, to !»•;• and appear at
my office on t»r before tb*tfrst Jtton.fav in Dm: nib-r iiext,ti>
vltov. i iUpc, !fttij> lucy liiive, why iiald Letters should not be
granted. •
CL ,ii und.-r my b -1 ami oiiicirtl signature, at office In Ait*
gusl i, lhis l.dduyitj Aoivmbs;r. ldfii.
b<'v2 4vN4b DAVtDJi. KOATH, Ordinary.
UEOKOIA.-GULI M rol •. f; “
Whereas, Mo. <l-.»u» i . H»cavU nnd William W. Moor©
ap!dyt*»r hMtcrno! mJmu.mi -i;.i: l a\ on the estate of fuimnd A
li.tovell, Ik’-' <»f ouid count.y, dccofDed.
'i’hn.ffc, aro thfcreJoro, to cites and admonish all persons con
corned lo show cnin\ i any they liave, why said letten
sb.'idd TM.-t. I- gmrttvl, at tho Court of Ordinary, t«> bo held
j-' l ; M ‘* us couniy, (*!r tho first Monday In Deceinbsr
Oi.-.n Tinder my hftbd, ut office In n reenestiorcOi October
‘tilth. t.m. hiOOKISIDS L. KING,
o.t t; -14 Ordinary.
J t kor< 4; j\ . (:T:1 eooi r vFvT
u»4 WS-.-ii-v:, Mrs. M;u> J. ml.Ls und Allen Orant apply
bu lelteim of adnnm'f iu‘ii*n on the estate of Leal&tcm A.
Sends, lute of .-suit count y,'d*jCWU'e-L
These avc, iheraforn, !■; cite, and a ’niouUh all persona coa
ceuifd. to -how CHuee. If i\: y tJicy have, why aifd letter*
sho il.i not be granted ut tin* Lorn! of Ordinary to be held in
and .'or sa ; .t c ’itutv ih»* fiid MONDAY in December next.
Uiven und. 1 my hand at office in O’rrenftshoro*. October 94th,
IP-14. EL’GKMUSI,. KING,
oct Stwtw-U. Uulinary.
STATB «!K (DCOUUIi, (V'J.CMtiIA OOOK'1'»4
Whorc'g, Tti'.iu'is Tudo-, ir. applies to mo for letters of
ad ml idtiullou on the Ket.ito t>\ i hoira-s Tudor, sr., deceased.
These arc therefore to ciio and ridni'jfiish, all and slngiilar,
lb: limdreit a»i*t cu'ditio.; «];■,.VH. : ud, to be and appear a%
my oiH c v/llhln the tlmo pr”i*er.'bed l>\ law, to show cause,l
aav they have, why .said not be granted.
ulveii under my hflnd and official signature ..at office ia Ap
pliug. this ftith day of October, ißil4. * 4
o( t JU4W4I vv . \v. SIT 1 ELDS. Ordinary.
Whereas. Mn, Lr.iruS L«. Tillery ftpplicd.to me for letter
or admirdstration on the 1-1 Samuel K. ') Ulery. deceaaedi..
These for<j tlmvelorc to cite and udinonl&h all. and slngulaj
the kindred and civdi or? of said decsiffd, to loi and appear at
my office, within tin; lime prescribed by law, tothow cuimc, If
an *7 they have, wbv pmu L. t'.Mffffliouhf not be granted.
Liven until' i- my haml aii.t signature, ut offibe In Ap
pling, 1 ii iff sii) li day of Oct., ibO-l
ot t 30 4 4v. fi w vv. SHIELDS. Ordinary.
UICOK<fK X, MOKiLAN CUA-'NtV’
Wiser W vat and Wy ; y Harper apply time fur lat
te hos a(lndni:tiiil!(*n upou t.ie cA.ute of Lucy iiAiper u deceQs*
ed, lain of Mil! county,
'i hefi'e ;;re the*cl ue to cite and ndmordsb all, and singular ther
kindred and creditors of 8 dd ucet-ns* and, t<- be und appear at my*
offico. * ncr before, lb' l lh.‘‘ Mnidoy in 1M ember next, then
and thr-r * t. > show crime, if any they hav«, why said let ter J
should iiot t>e grant* and.
Given ur.de inv hand fit office iu‘ this 26th day of
October, 1 Ts.-i. *\ w. aKb OLD.
00t25.4’v44 Ordinary.
AIKon«I \T KG AN GO \ vrV‘
X A V.J,. Mar/.’,.;.; - v'. ; i > 1 applies V* me f* r letters nf
i.p::doli*msi.> i np-ip ib *. ealc.ffrof G'-orge 11. Wilson, late of •
ru and cnillly, tier ’(P:
’I'lD-se a;e ihereiuroto s ite and ndrno!*! b all and singular the.
kiiid'-. ii and ciriiit g - «>1 •'..•(Ci».**td, to In* amt appear at
in y office. <m <»v biflu' then.-! M.. 1 lav in Decnn'Xf next, lia
;li 0 v.’ c;iUf.e,lJ uny ihe> luvj, why it lett.is should not bit
gmnted.
Given unde.’ rnv hantt at office, in Mad’non, this2sth il y o
U( tt«!n*r. !hC4. i . W . AKWOLD,
oct 2d 4w it ; ■ _ Ordinary,
GTATh () L o’hA IHii iA, TAI tAh K tiiiO CO U NTYT
H her. a-, Mrs Mihin and Lift kj ; !i v towrie bu LctteraotT
uiimiiiis*.ration o?t the t . -tj .eo; i»u!oulßird, lute of a.dd couu -
ty, d-icea-ed
'i lies? are thrrc r ore tn o l *' uml ffdrnoni-i'. all and slngualr
the khidivd ami crtffiiWs of m! d* < • cl, to be and appear at.
rnv Office, within Tiie t:j'UM: i;i*e I l.y luW, to show C&US6, It'
any they have, why .-...id Lutm-s should not be granted.
Oh. . ui.d r »:.y amt official' felguutnre, at oftfeo ia
('rav/ibrtlvlde, (Jd. 24 h, J n 1. J. D. liAMMACK,
. c.c127 4\v44 ffrdinary,
I " ' • - A -, J GOl/A'l Y. r
f ’ John it. Keucdy lu-viig 'iiLLdtoboui.pointed Guardian
f» tiie pfrs n und jav.. ; .♦■>!>• nr .Mud. •* 1 . nc K.nedy. h minor
under lou' tten ye jf. oi''age, re.-udenr,cf suid county, thiste to
*dp »ji per concw n*fd. to n and appear at ihe termor’
t.'*cirt of <)•••;(Da*)' tn be held 1 •\l hnei D»e expiration of*
tidily and .vs ir. m the tir.-t put.J cation oi this oollce, and show
cause, ii any G.ey c , v/i-y if /t*>hg 8, Kenedy should not
betrn ;TcM w'.fh ike Goardiaiithiy o; -the per-on and property
cf Stephen J:t. e Kenedy, *
V\i:n*M my official signature, li F. TATOII,
r.mtvb t)»!•: Ordinary.
Si A »’K (»t GLOLGIA, 1 .1 ?IT.V <5 -M>< 'OUNT Y. “™* *
WheiC-iui, Wdii.s.'u 1* f/.rw.vui Guardian of EromaT. Mr.
Dade minor, (t. wof u-..*) up>... $ me for Letters of dhmli
These are therefore, to idle und admonish, all and singular
the. kindled ami fYIc-iids of said uiin* r, to t»0 ami appear at
iny/.ffiee on ci beic;e the first Monday i.M January next.tr*
show laiifo, if auy they iii'.e, whj cxlU letteisati(>uld not
graili ii.
Given under my hand and official signature, at office in Au
gusta, {hi.- .dih tUy ol Nc - rebi-r, L‘o4.
_ v I .low iu DA ‘V 11 > IKOATH Ordinary.
i’oslposmi itilt'.doiss'rafor’s Sale*
ViriM.be .M,l fore ti; * C’ourt ILuise door, at Appling
n < b.iunj it < ,uo l y, (iu. onthiitlrfct Tuerday In Dccm*-
bf r 1;. -r, t-Ce I * losing e-.-; t \.(-.s, ha ringing to the i-ntate of •
•lyiin Jl>*•»•:.•* , ate m b; <■ i.uiy, dcceis^U: CASAIt, u man.
,; o ; S JOTT ij, F.nd J iYN E, 1- yesrsolil. and her Infant b.jc
*wc”l; ; oM. Soul f:r the b.-nr ill oi the heirs and credltom.
_oct_So_Gw44 it iIAKKihS, AdmT.
AS) |>? i N iSTATH fX'SA hE.
1 1» 1 virtue of an order lmn the rourtof Ordinary of Llncofn
2 9 i-Ttinly, will be sold . .r- re. the fc.urt House-door in aa!d
. cute, c * ~tbcusuib lioura (if Bale, on the first Tljltl*
D * \ m Jb.. r.he?!, r ; --.diowing p tc-wlt:
t; •:> ! eftly u-r.e fcctes* f land more or
!-r m;: CG-o.lv, c-n ti. ’•‘.'•.uers of 4 ;«♦.•!« Hlver, adjoining,
i .i.F.s lim l-'aa* al. ’■'» 1 •»'(»:.1 L*»yd and lan.la belonging tex-
Hfr if Ji’...i.e>ii .da l . ,• ti ir..- - nie place wnereoa.
Juiuea 1> : ;.m’. r« * at lie ilmrt« f U'h deatli, Wwlt kii
p roved . Sold -.re ] petty Ukl. c/;»:*• to th-M at ate Os JAMES
l>. tat*; county at. - v*e«l. Term* on the CUy
Ofru'-*. GTi'i il LKLs E DUNN'.
Adnuniiirutr'.x of James l). Samuels,
ew4a
* lt%\i %?*’.' U \ i Of.'- •-» \ LK*.
IX \ vii • 01 an o.ocr f.* m Vh** Honorable Gourt of Ord
> ry ol Green co l i:l.y, will ic ;.oi;i *!* the Art TUEM>
In D.-umb* f n.'xi, . • »* tL** C’cniit House dour ut Green
b-»ro. in n: ' ; : .1:. L-it:d hebuiging to the estate
Suidli Soiithi and. o •• : «»>«1 for litf* benefit of the het
amt . <d.:. • *..1 Ucf «ic.* .* ..I, i erant on day of mJ«.
ru Lit I<AND.
* \ i d VI'OK’H to VLK. t
vii .-f !.«id . uit oi Ur. 1 ary of Llo
> <; li. . :uly. v ;I e'o , ‘'ti.e (’ourl House door in
i-'tid coin; l /. - • it; i. .' ’.lt next, b etwee it
Hi- : ’l’.: I. ..li 1 ; of-foi.-.il.* I-.U* *v!d;? pr-r .rty. to-wlt ; (4*fo>
i'ccr Hundred .? 1 KuUy : *i- • o LA \D. more cr !es4, m
sud c*,i’i.ty, • n the v.'J. :. .-i !.!*■> Ureik, rpjotnlng lamLs
of John L. Ka.-I.ilal, De.nn - l-’u-.csl and tJeiiJsnmi i’amueb .
'iu... ih- :• u v.in/ .'rrblKdii : H: rry, tev-r.ty »ara old?
Mlnly, sev. nty y»*:ir» chi ; • i refill y five years oid, and Co
litmbus, :v. < nt. one vg.vh oid-s: Jd as t e prope<ty belonging
tolhe Estate of FiiUiip Dib, lai«; of esdd county, oeeeuetsd.for
the oriu-fit of Ui** heira and credltorsof said JCotate.
Term a on tl*; day of wile. _
JOSEPH M. Adra’r,
ott-22 f. wLI de hoiiit* non wP.li the will annexed.
EYKCi IcH’m S4LK.
\V T ILL be ‘oui tu • nr-, 'l l K.'DA f >u December next,
V b*’l<»(«• 11: • tirt ftcuw (»*>■ in the city ol Gieeuaboro,
! Green cuuui v four l.k- . \ ■--■l a NKGKOEft. t*> wit, C harle«.
I y .'•■old: D.f'c, u:i. f it. !6; Henry, )1 team rid, in ao
i.Pi’.ice with tbe!u:t will ami ««*-♦.until of John Srutiierland,
.H.ill.N AKMMKONO, Ex’r
| ocKi fi'jri o -. '■■■ •' 111 ) ** r iiH‘d, dcc’rt.
notlce *
’ TO BBBTims ASB CREDITOR!.
Xi U!H K. •
N All > ind- Ito tl.o Kstaie or WillUm Summer
ttll.lata (.r K'.l.;.:ori« -.- u.-.»- -ed, will make lomifdlaie
yt.-:;stt > ].;-r i11..:..- ai;d 1 li.-sr havlag claimsa^ulkiit,
said Kca.i; ar., nolillul In (ne..eijtthsm, duly atk-fted, within
tke lime prose; ll.ed Cf Uw.
EI>WAHI» PEKRIN, > „ ,
03t3lCv/« JOHN T HMITH, ( rl
jar ((TICKTO DKIiTOKS AND CREDITORS
iff Ail iwrw.i:. 11..1 1 1- -I to U» c-e-atc of Estt.er Bookarde
(cavr.l, ktc cr tVUkee (;-,uTity, will n.ake immediate payment
to tiie Ul. -r.- . -h] and in-« claims against eafd estate
v.-.c preset th-ni du.y atk-sUrd, w.iuiD*fi;- type preecr-Ped hr
>a*r- K. ST BOOKER W
ect 16 6W..2 Executor.
TETOIioE. "
x.T A!) persons indebted to the Estate or D. L. Leona and
late of.Columbia ..vjn'v, deceeaed. will make payment t®
the undersigned, and thoee im-lng claims gainst sale Estate
are notttled to pieaent tUein, duly al tested, within the time or®,
a.ribed by iaw. CASSANDkA LEONARD
nov 2 9w« Adm'x.
Notice ~ -——
All person?, ir.del.ted lo tte Estate ot Willi,m H T
Walker, lai-of Richmond county, deceaaed, are reoulred to
make pa:ment and lh. se having claim* against said Estate
are notui.-d to pi.-s -nt them, duly attested, to the undemigned
yttchmocu 1- aclory p. 0., Richmond county, within theUma
prescribed by jaw. ADaM JQRMBTOR. •
jlOviO Cw 46 Aflminl.»^ts.,