Page:A Compilation of the Messages and Papers of the Confederacy, Including the Diplomatic Correspondence, 1861-1865, Volume I.djvu/595

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563
Second Congress.

able for the purchase of what he needs. If, on the contrary, the soldier is to have his claim extinguished by the simple process of printing more paper money, and thus diminishing its value below even its present depreciation, his claims for his arrears of pay will have been practically repudiated instead of being paid. Justice to the soldier prompted Congress to pass this bill. The same motive induces me to withhold my approval of it; and if my objections shall appear to you well founded, when your attention is drawn to the supposed consequences that would result from this legislation, I am persuaded that you will concur in my opinion that it ought not to be adopted.

Fourth. There is a mechanical difficulty in the execution of the law of which Congress was not aware, and which under any circumstances would render the bill unavailing for its intended purpose of prompt payment of the arrears due the Army.

The removal of the Treasury Note Bureau from Columbia, the time required for re√ęstablishing it with its machinery at another locality and for preparing Treasury notes for the $50,000,000 or $60,000,000 remaining for issue under existing laws, together with other causes which it is unwise to relate, would prevent the issue of the notes provided for in this bill for at least three months to come.

It is gratifying to assure you of my belief that the receipts from the tax bill just passed, together with other resources within reach of the Treasury, will enable the Government to pay the arrears due to the Army and Navy sooner than the additional notes contemplated by the bill could be issued, and that the proposed increase of currency can thus be avoided without causing delay in satisfying the just claims of the defenders of our country.

Jefferson Davis.


PROCLAMATIONS.

General Orders No. 89.

Headquarters Trans-Mississippi Department,
Shreveport, La.,
November 24, 1864.

The following proclamation of the President is republished for information in this Department: