Showing posts with label Treasury Notes. Show all posts
Showing posts with label Treasury Notes. Show all posts

Tuesday, September 30, 2025

Speech of Senator John C. Calhoun on His Resolutions in Reference on the War with Mexico Delivered in the United States Senate, January 4, 1848

RESOLUTIONS.

Resolved, That to conquer Mexico, and to hold it, either as a province or to incorporate it in the Union, would be inconsistent with the avowed object for which the war has been prosecuted; a departure from the settled policy of the Government; in conflict with its character and genius; and, in the end, subversive of our free and popular institutions.

 

Resolved, That no line of policy in the further prosecution of the war should be adopted which may lead to consequences so disastrous.

MR. CALHOUN said: In offering, Senators, these resolutions for your consideration, I am governed by the reasons which induced me to oppose the war, and by which I have been governed since it was sanctioned by Congress. In alluding to my opposition to the war, I do not intend to touch on the reasons which governed me on that occasion further than is necessary to explain my motives on the present.

I, then, opposed the war, not only because it might have been easily avoided; not only because the President had no authority to order a part of the disputed territory in possession of the Mexicans to be occupied by our troops; not only because I believed the allegations upon which Congress sanctioned the war untrue; but from high considerations of policy—because I believed it would lead to many and serious evils to the country, and greatly endanger its free institutions. But, after the war was declared, by authority of the Government, I acquiesced in what I could not prevent, and which it was impossible for me to arrest; and I then felt it to be my duty to limit my efforts to give such direction to the war as would, as far as possible, prevent the evils and danger with which it threatened the country and its institutions. For this purpose, at the last session, I suggested to the Senate the policy of adopting a defensive line; and for the same purpose I now offer these resolutions. This, and this only, is the motive which governs me on this occasion. I am moved by no personal or party considerations. My object is neither to sustain the Executive nor to strengthen the opposition;—but simply to discharge an important duty to the country. In doing so, I shall express my opinion on all points with the freedom and boldness which becomes an independent Senator, who has nothing to ask from the Government or from the People. But when I come to notice those points on which I differ from the President, I shall do it with all the decorum which is due to the Chief Magistrate of the Union.

I suggested a defensive line because, in the first place, I believed that the only certain mode of terminating the war successfully was to take indemnity into our own hands by occupying defensively, with our military force, a portion of the Mexican territory, which we might deem ample for indemnity; and, in the next, because I believed it would prevent a great sacrifice of life and property; but, above all, because I believed that it was the only way we could avoid the great danger to our institutions against which these resolutions are intended to guard. The President took a different view. He recommended a vigorous prosecution of the war—not for conquest—that was emphatically disavowed—but for the purpose of conquering peace—that is, to compel Mexico to sign a treaty ceding sufficient territory to indemnify the claims of our citizens and of the country for the expenses of the war. I could not approve of this policy. I opposed it, among other reasons, because I believed there was no certainty that the object intended to be effected would be accomplished let the war be ever so successful. Congress thought differently, and granted ample provisions, in men and money, for carrying out the policy recommended by the President. It has now been fully tested under the most favorable circumstances. It has been as successful as the most sanguine hope of the Executive could have anticipated. Victory after victory followed in rapid succession, without a single reverse. Santa Anna repelled and defeated with all his forces at Buena Vista—Vera Cruz, with its castle, captured—the heights of Cerro Gordo triumphantly carried—Jalapa, Perote, and Puebla occupied—and, after many triumphant victories under the walls of Mexico, its gates opened to us, and we put in possession of the capital. But what have all these splendid achievements accomplished? Has the avowed object of the war been attained? Have we conquered peace? Have we compelled Mexico to sign a treaty? Have we obtained indemnity? No. Not a single object contemplated by the campaign has been effected; and what is worse, our difficulties are greater now than they were at the commencement, and the objects sought more difficult to be accomplished. To what is this complete failure to be attributed? Not to our army. It has done all that skill and gallantry could accomplish. It is to be attributed to the policy pursued. The Executive aimed at indemnity in a wrong way. Instead of taking it into our own hands, when we had territory in our possession ample to cover the claims of our citizens and the expenses of the war, he sought it indirectly through a treaty with Mexico. He thus put it out of our own power, and under the control of Mexico, to say whether we should have indemnity or not, and thereby enabled her to defeat the whole object of the campaign by simply refusing to treat with us. Owing to this mistaken policy, after a most successful and brilliant campaign, involving an expenditure of not less, probably, than $40,000,000, and the sacrifice, by the sword and by disease, of many valuable lives, probably not less than six or seven thousand, nothing is left but the glory which our army has acquired.

But, as an apology for this, it is insisted that the maintenance of a defensive line would have involved as great a sacrifice as the campaign itself. The President and the Secretary of War have assigned many reasons for entertaining this opinion. I have examined them with care. This is not the proper occasion to discuss them, but I must say, with all due deference, they are, to my mind, utterly fallacious; and to satisfy your mind that such is the case, I will place the subject in a single point of view.

The line proposed by me, to which I suppose their reasons were intended to be applied, would be covered in its whole extent—from the Pacific Ocean to the Paso del Norte, on the Rio Grande—by the Gulf of California and the wilderness peopled by hostile tribes of Indians, through which no Mexican force could penetrate. For its entire occupancy and defence, nothing would be required but a few small vessels of war stationed in the gulf, and a single regiment to keep down any resistance from the few inhabitants within. From the Paso del Norte to the mouth of the river, a distance of a few hundred miles, a single fact will show what little force will be necessary to its defence. It was a frontier between Texas and Mexico, when the former had but an inconsiderable population-not more than an hundred and fifty thousand at the utmost, at any time-with no standing army, and but very few irregular troops; yet for several years she maintained this line without any, except slight occasional intrusion from Mexico, and this too when Mexico was far more consolidated in her power, and when revolutions were not so frequent, and her money resources were far greater than at present. If, then, Texas alone, under such circumstances, could defend that frontier for so long a period, can any man believe that now, when she is backed by the whole of the United States,—now that Mexico is exhausted, defeated, and prostrated—I repeat, can any man believe that it would involve as great a sacrifice to us of men and money, to defend that frontier, as did the last campaign? No. I hazard nothing in asserting, that, to defend it for an indefinite period would have required a less sum than the interest on the money spent in the campaign, and fewer men than were sacrificed in carrying it on.

So much for the past. We now come to the commencement of another campaign, and the question recurs, What shall be done? The President, in his message, recommends the same line of policy—a vigorous prosecution of the war—not for conquest, that is again emphatically disavowed ; not to blot Mexico out of the list of nations; no, he desires to see her an independent and flourishing community-and assigns strong reasons for it-but to obtain an honorable peace. We hear no more of conquering peace, but I presume that he means by an honorable peace the same thing; that is, to compel Mexico to agree to a treaty, ceding a sufficient part of her territory, as an indemnity for the expenses of the war, and for the claims of our citizens.

I have examined with care the grounds on which the President renews his recommendation, and am again compelled to dissent. There are many and powerful reasons—more so, even, than those that existed at the commencement of the last campaign—to justify my dissent. The sacrifice in money will be vastly greater. There is a bill for ten additional regiments now before the Senate, and another for twenty regiments of volunteers has been reported, authorizing, in all, the raising of an additional force of something upwards of thirty thousand. This, in addition to that already authorized by law, will be sufficient to keep an effective army in Mexico, of not much, if any, less than seventy thousand men, and will raise the expenses of the campaign to probably not less than sixty millions of dollars.

To meet so large an expenditure would involve, in the present and prospective condition of the money market, it is to be apprehended, not a little embarrassment. Last year money was abundant, and easily obtained. An unfortunate famine in Europe created a great demand for our agricultural products. This turned the balance of trade greatly in our favor, and specie poured into the country with a strong and steady current. No inconsiderable portion of it passed into the treasury, through the duties, which kept it full, in spite of the large sums remitted to meet the expenses of the war. The case is different now. Instead of having a tide flowing in, equal to the drain flowing out, the drain is now both ways. The exchanges now are against us,—instead of being in our favor, and instead of specie flowing into the country from abroad, it is flowing out. In the mean time, the price of stocks and treasury notes, instead of being at or above par, have both fallen below, to a small extent. The effects of the depreciation of treasury notes will cause them to pass into the treasury in payment of the customs and other dues to the Government, as the cheaper currency, instead of gold and silver; while the expenses of the war, whether paid for by the transmission of gold and silver direct to Mexico, or by drafts drawn in favor of British merchants or other capitalists there, will cause whatever specie may be in the vaults of the treasury to flow from it, either for remittance direct, on account of the ordinary transactions of the country, or to pay the drafts which may be drawn upon it, and which, when paid, in the present state of exchanges, will be remitted abroad. But this process of paying in treasury notes instead of gold and silver, and gold and silver flowing out in both directions, cannot continue long without exhausting its specie, and leaving nothing to meet the public expenditure, including those of the war, but treasury notes. Can they, under such circumstances, preserve even their present value? Is there not great danger that they will fall lower and lower, and finally involve the finances of the Government and the circulation of the country in the greatest embarrassment and difficulty?

Is there not great danger, with this prospect before us, and with the necessity of raising by loans near forty millions, of a commercial and financial crisis—even possibly a suspension by the banks. I wish not to create panic; but there is danger, which makes a great difference in a financial and moneyed point of view between the state of things now and at the commencement of the last session. Looking to the future, it is to be apprehended that not a little difficulty will have to be encountered in raising money to meet the expenses of the next campaign, if conducted on the large scale which is proposed. Men you may raise, but money will be found difficult to obtain. It is even to be apprehended that loans will have to be negotiated on very disadvantageous terms for the public. In the present state of things, if they grow no worse, there can be no resort to treasury notes. They cannot be materially increased, without a ruinous depreciation, and a resort must be had, exclusively, or almost entirely so, to borrowing. But at the present prices of stocks, to borrow so large a sum as will be necessary, can only be done at a greatly increased rate of interest on the nominal amount of stock. In a recent conversation with a gentleman, well informed on this subject, he said that in his opinion, if forty millions are required, a loan could not be had for more than ninety for one hundred, which would be about at the rate of seven per cent.

These are formidable objections; but they are not the only ones that are more so than they were at the commencement of the last campaign. I hold that the avowed object for the vigorous prosecution of the war is less certain of being realized now, than it was then; and if it should fail to be realized, it will leave our affairs in a far worse condition than they are at present. That object, as has been stated, is to obtain an honorable treaty; one which, to use the language of the President, will give indemnity for the past and security for the future—that is, a treaty which will give us a cession of territory, not only equal to our present demand for indemnity, but equal to the additional demand—equal to the entire expenses to be incurred in conducting the campaign; and a guaranty from the Government of Mexico for its faithful execution. Now, Senators, I hold that whether the war is successful or unsuccessful, there is not only no certainty that this object will be accomplished, but almost a certainty that it will not be. If the war be unsuccessful; if our arms should be baffled, as I trust and believe they will not be; if, from any unfortunate accident, such should be the case, it is clear that we shall not be able to negotiate a treaty that will accomplish the object intended. On the contrary, if the war should be successful, it is almost equally certain that, in such case, the avowed object for prosecuting the war vigorously, will not be accomplished. I might take higher ground, and maintain that the more successfully the war is prosecuted, the more certainly the object avowed will be defeated, while the objects disavowed would as certainly be accomplished.

What is the object of a vigorous prosecution of the war? How can it be successful? I can see but one way of making it so, and that is,—by suppressing all resistance on the part of Mexico, overpowering and dispersing her army, and utterly overthrowing her Government. But if this should be done; if a vigorous prosecution of the war should lead to this result, how are we to obtain an honorable peace? With whom shall we treat for indemnity for the past and security for the future? War may be made by one party, but it requires two to make peace. If all authority is overthrown in Mexico, where will be the power to enter into negotiation and make peace? Our very success would defeat the possibility of making peace. In that case the war would not end in peace, but in conquest; not in negotiation, but in subjugation; and defeat, I repeat, the very object you aim to accomplish, and accomplish that which you disavow to be your intention, by destroying the separate existence of Mexico,—overthrowing her nationality, and blotting out her name from the list of nations,—instead of leaving her a free Republic, which the President has so earnestly expressed his desire to do.

If I understand his message correctly, I have his own authority for the conclusion to which I come. He takes very much the same view that I do, as to how a war ought to be prosecuted vigorously, and what would be its results,—with the difference as to the latter resting on a single contingency, and that a remote one. He says that the great difficulty of obtaining peace results from this, that the people of Mexico are divided under factious chieftains, and that the chief in power dare not make peace, because for doing so he would be displaced by a rival. He also says, that the only way to remedy this evil and to obtain a treaty, is to put down the whole of them, including the one in power, as well as the others. Well, what then? Are we to stop there? No. Our generals are, it seems, authorized to encouraged and to protect the well disposed inhabitants in establishing a republican government. He says they are numerous, and are prevented from expressing their opinions and making an attempt to form such a government, only by fear of those military chieftains. He proposes, when they have thus formed a government, under the encouragement and, protection of our army, to obtain peace by a treaty with the government thus formed, which shall give us ample indemnity for the past and security for the future. I must say I am at a loss to see how a free and independent republic can be established in Mexico under the protection and authority of its conquerors. I can readily understand how an aristocracy or a despotic government might be, but how a free republican government can be so established, under such circumstances, is to me incomprehensible. I had always supposed that such a government must be the spontaneous wish of the people; that it must emanate from the hearts of the people, and be supported by their devotion to it, without support from abroad. But it seems that these are antiquated notions—obsolete ideas—and that free popular governments may be made under the authority and protection of a conqueror.

But suppose the difficulties surmounted, how can we make a free government in Mexico? Where are the materials? It is to be, I presume, a confederated government like their former. Where is the intelligence in Mexico for the construction and preservation of such a government? It is what she has been aiming at for more than twenty years, but so utterly incompetent are her people for the task, that it has been a complete failure from first to last. The great body of the intelligence and wealth of Mexico is concentrated in the priesthood, who are naturally disinclined to that form of government; the residue, for the most part, are the owners of the haciendas, the larger planters of the country, but they are without concert and destitute of the means of forming such a government. But if it were possible to establish such a government, it could not stand without the protection of our army. It would fall as soon as it is withdrawn.

If it be determined to have a treaty, it would be a far preferable course, it appears to me, to abstain from attacking or destroying the government now existing in Mexico, and to treat with it, if indeed it be capable of forming a treaty which it could maintain and execute. Upon this point I do not profess to have any information beyond that derived from conversations with those who have been in Mexico; but from all that I can hear, it may be doubted, whether we have not already pushed what is called a vigorous prosecution of the war so far, as not to leave sufficient power and influence in the Government to enter into a treaty which would be respected, when our forces are withdrawn. Such I know to be the opinion of intelligent officers. They concur in thinking that the existing Government at Queretaro, if it should enter into a treaty in conformity with the views expressed by the Executive, would be overthrown, and that we should be compelled to defend that portion of Mexico which we require for indemnity defensively, or be compelled to return and renew the prosecution of the war. If such is its weakness, it may be apprehended that even now, without pushing the vigorous prosecution of the war further, we are greatly exposed to the danger which these resolutions are intended to guard against, and that it requires great discretion and prompt action on our part to avoid it.

But before leaving this part of the subject, I must enter my solemn protest, as one of the Representatives of a State of this Union, against pledging protection to any government established in Mexico under our countenance or encouragement. It would inevitably be overthrown as soon as our forces are withdrawn; and we would be compelled, in fulfilment of plighted faith, implied or expressed, to return and reinstate such Government in power, to be again overturned and again reinstated, until we should be compelled to take the government into our own hands, just as the English have been compelled again and again to do in Hindostan, under similar circumstances, until it has led to its entire conquest. Let us avoid following the example which we have been condemning, as far back as my recollection extends.

The President himself entertains doubt, whether the plan of forming a government in the manner which I have been considering, and treating with it for indemnity, may not fail. In that case, he agrees that the very course to which I have said the vigorous prosecution of the war will inevitably lead, must be taken. He says, after having attempted to establish such a government—after having employed the best efforts to secure peace—if all fail, "we must hold on to the occupation of the country. We must take the full measure of indemnity into our own hands, and enforce such terms as the honor of the country demands." These are his words. Now, what is this? Is it not an acknowledgment, that if he fail in establishing a government with which he can treat, in Mexico-after putting down all resistance under the existing Government, we must make a conquest of the whole country, and hold it subject to our control? Can words be stronger? "Occupy the whole country"—" take the full measure of indemnity"—no defensive line—no treaty, and, "enforce terms." Terms on whom? On the Government? No, no, no. To enforce terms on the people individually. That is to say, to establish a government over them in the form of a province.

The President is right. If the vigorous prosecution of the war should be successful, and the contingency on which he expects to make a treaty fail, there will be no retreat. Every argument against calling back the army and taking a defensive line will have double force, after having spent $60,000,000, and acquired the possession of the whole of Mexico; and the interests in favor of keeping possession would be much more powerful then than now. The army itself will be larger—those who live by the war, the numerous contractors, the merchants, the sutlers, the speculators in land and mines, and all who are profiting directly or indirectly by its prosecution, will be adverse to retiring, and will swell the cry of holding on to our conquests. They constitute an immense body of vast influence, who are growing rich by what is impoverishing the rest of the country.

It is at this stage that the President speaks of taking the indemnity into our own hands. But why delay it until the whole country is subdued? Why not take it now? A part of Mexico would be a better indemnity now, than the whole of Mexico would be at the end of the next campaign, when $60,000,000 will be added to the present expenditures. We would indeed acquire a control over a much larger portion of her population, but we would never be able to extort from them, by all the forms of taxation to which you can resort, a sum sufficient to pay the force necessary to hold them in subjection. That force must be a large one, not less, certainly, than 40,000 men, according to the opinion of the Senator from Mississippi (Mr. Davis), who must be regarded as a competent judge upon this point. He stated in debate the other day, that the army now there, exceeding that number, are in danger; and urged, on that account, the immediate passage of the bill to raise ten regiments. On this subject, it is as well to speak out plainly at once. We shall never obtain indemnity for the expenditures of the war. They must come out of the pockets of the people of the United States; and the longer the war is continued, and the more numerous our army, the greater will be the debt, and the heavier the burden imposed upon the country.

If these views be correct, the end of the policy recommended by the President-whether contemplated or notwill be, to force the Government to adopt one or the other alternative alluded to in these resolutions. With this impression, I cannot support the policy he recommends, for the reasons assigned in the first resolution. The first of these is, that it would be inconsistent with the avowed object for which the war has been prosecuted. That it would be so, is apparent from what has already been said. Since the commencement of the war until this time, the President has continually disavowed the intention of conquering Mexico, and subjecting her to our control. He has constantly proclaimed that the only object was indemnity, and that the war is prosecuted to obtain it by treaty. And yet, if the results should be as I have stated, the end will be, that what was disavowed will be accomplished, and what has been avowed to be its object, will be defeated. Such a result would be a deep and lasting impeachment of the sincerity or the intelligence of the Government of its sincerity, because directly opposed to what it has continually and emphatically disavowed; of its intelligence, for not perceiving what ought to have been so readily anticipated.

We have heard much of the reputation which our country has acquired by this war. I acknowledge it to the full amount, as far as the military is concerned. The army has done its duty nobly, and conferred high honors on the country, for which I sincerely thank them; but I apprehend that the reputation acquired does not go beyond this, and that, in other respects, we have lost instead of acquiring reputation by the war. It would seem certain, from all publications from abroad, that the Government itself has not gained reputation in the eyes of the world for justice, moderation, or wisdom.

Whether this be deserved or not, it is not for me to inquire at present. I am now speaking merely of reputation; and in this view it appears that we have lost abroad, as much in civil and political reputation as we have acquired for our skill and valor in arms. But much as I regard military glory—much as I rejoice to witness the display of that indomitable energy and courage which surmounts all difficulties—I would be sorry indeed that our Government should lose any portion of that high character for justice, moderation, and discretion, which distinguished it in the early stages of our history.

The next reason assigned is, that either holding Mexico as a province, or incorporating her into the Union, would be unprecedented by any example in our history. We have conquered many of the neighboring tribes of Indians, but we have never thought of holding them in subjection, or of incorporating them into our Union. They have been left as an independent people in the midst of us, or been driven back into the forests. Nor have we ever incorporated into the Union any but the Caucasian race. To incorporate Mexico would be the first departure of the kind; for more than half of its population are pure Indians, and by far the larger portion of the residue mixed blood. I protest against the incorporation of such a people. Ours is the government of the white man. The great misfortune of what was formerly Spanish America, is to be traced to the fatal error of placing the colored race on an equality with the white. This error destroyed the social arrangement which formed the basis of their society. This error we have wholly escaped; the Brazilians, formerly a province of Portugal, have escaped also to a considerable extent, and they and we are the only people of this continent who made revolutions without anarchy. And yet, with this example before them, and our uniform practice, there are those among us who talk about erecting these Mexicans into territorial governments, and placing them on an equality with the people of these States. I utterly protest against the project.

It is a remarkable fact in this connection, that in the whole history of man, as far as my information extends, there is no instance whatever of any civilized colored race, of any shade, being found equal to the establishment and maintenance of free government, although by far the largest proportion of the human family is composed of them; and even in the savage state, we rarely find them any where with such governments, except it be our noble savages; for noble I will call them for their many high qualities. They, for the most part, had free institutions, but such institutions are much more easily sustained among a savage than a civilized people. Are we to overlook this great fact? Are we to associate with ourselves, as equals, companions, and fellow-citizens, the Indians and mixed races of Mexico? I would consider such association as degrading to ourselves, and fatal to our institutions.

The next remaining reasons assigned, that it would be in conflict with the genius and character of our Government, and, in the end, subversive of our free institutions, are intimately connected, and I shall consider them together.

That it would be contrary to the genius and character of our Government, and subversive of our free popular institutions, to hold Mexico as a subject province, is a proposition too clear for argument before a body so enlightened as the Senate. You know the American constitution too well,—you have looked into history, and are too well acquainted with the fatal effects which large provincial possessions have ever had on the institutions of free states,—to need any proof to satisfy you how hostile it would be to the institutions of this country, to hold Mexico as a subject province. There is not an example on record of any free state holding a province of the same extent and population, without disastrous consequences. The nations conquered and held as a province, have, in time, retaliated by destroying the liberty of their conquerors, through the corrupting effect of extended patronage and irresponsible power. Such, certainly, would be our case. The conquest of Mexico would add so vastly to the patronage of this Government, that it would absorb the whole powers of the States; the Union would become an imperial power, and the States reduced to mere subordinate corporations. But the evil would not end there; the process would go on, and the power transferred from the States to the Union, would be transferred from the Legislative Department to the Executive. All the immense patronage which holding it as a province would create,—the maintenance of a large army, to hold it in subjection, and the appointment of a multitude of civil officers necessary to govern it, would be vested in him. The great influence which it would give the President, would be the means of controlling the Legislative Department, and subjecting it to his dictation, especially when combined with the principle of proscription which has now become the established practice of the Government. The struggle to obtain the Presidential chair would become proportionably great—so great as to destroy the freedom of elections. The end would be anarchy or despotism, as certain as I am now addressing the Senate.

Let it not be said that Great Britain is an example to the contrary; that she holds provinces of vast extent and population, without materially impairing the liberty of the subject, or exposing the Government to violence, anarchy, confusion, or corruption. It is so. But it must be attributed to the peculiar character of her government. Of all governments that ever existed, of a free character, the British far transcends all in one particular, and that is, its capacity to bear patronage without the evils usually incident to it. She can bear more, in proportion to population and wealth, than any government of that character that ever existed:—I might even go further, and assert than despotism itself in its most absolute form. I will not undertake to explain why it is so. It will take me further from the course which I have prescribed for myself, than I desire; but I will say, in a few words, that it results from the fact that her Executive and the House of Lords (the conservative branches of her Government) are both hereditary, while the other House of Parliament has a popular character. The Roman Government exceeded the British in its capacity for conquest. No government ever did exist, and none probably ever will, which, in that particular, equalled it; but its capacity to hold conquered provinces in subjection, was as nothing compared to that of Great Britain; and hence, when the Roman power passed beyond the limits of Italy, crossed the Adriatic, the Mediterranean, and the Alps, liberty fell prostrate; the Roman people became a rabble; corruption penetrated every department of the Government; violence and anarchy ruled the day, and military despotism closed the scene. Now, on the contrary, we see England, with subject-provinces of vastly greater territorial extent, and probably of not inferior population (I have not compared them); we see her, I repeat, going on without the personal liberty of the subject being materially impaired, or the Government subject to violence or anarchy! Yet England has not wholly escaped the curse which must ever befall a free government which holds extensive provinces in subjection; for, although she has not lost her liberty, or fallen into anarchy, yet we behold the population of England crushed to the earth by the superincumbent weight of debt and taxation, which may one day terminate in revolution. The wealth derived from her conquests and provincial possessions may have contributed to swell the overgrown fortunes of the upper classes, but has done nothing to alleviate the pressure on the laboring masses below. On the contrary, the expenses incident to their conquest, and of governing and holding them in subjection, have been drawn mainly from their labor, and have increased instead of decreasing the weight of the pressure. It has placed a burden upon them which, with all their skill and industry, with all the vast accumulation of capital and power of machinery with which they are aided,—they are scarce capable of bearing, without being reduced to the lowest depths of poverty. Take, for example, Ireland, her earliest and nearest conquest, and is it not to this day a cause of heavy expense, and a burden, instead of a source of revenue ?

On the contrary, our Government, in this particular, is the very reverse of the British. Of all free governments, it has the least capacity, in proportion to the wealth and population of the country, to bear patronage. The genius of the two, in this particular, is precisely opposite, however much alike in exterior forms and other particulars. The cause of this difference, I will not undertake to explain on the present occasion. It results from its federal character and elective chief magistrate; and so far from the example of Great Britain constituting a safe precedent for us to follow, the little she has gained from her numerous conquests and vast provincial possessions, and the heavy burdens which it has imposed upon her people to meet the consequent expenses, ought to be to us a warning never to be forgotten; especially when we reflect that, from the nature of our Government, we would be so liable to the other and greater evils from which she, from the nature of her Government, is, in a great measure, exempted. Such and so weighty are the objections to conquering Mexico, and holding it as a subject province.

Nor are the reasons less weighty against incorporating her into the Union. As far as law is concerned, this is easily done. All that is necessary is to establish a territorial government for the several States in Mexico, of which there are upwards of twenty,—to appoint governors, judges, and magistrates, and to give to the population a subordinate right of making laws—we defraying the cost of the government. So far as legislation goes, the work will be done; but there would be a great difference between these territorial governments, and those which we have heretofore established within our own limits. These are only the offsets of our own people, or foreigners from the same countries from which our ancestors came. The first settlers in the territories are too few in number to form and support a government of their own, and are under obligation to the Government of the United States for forming one for them, and defraying the expense of maintaining it; knowing, as they do, that when they have sufficient population, they will be permitted to form a constitution for themselves, and be admitted as members of the Union.—During the period of their territorial government, no force is necessary to keep them in a state of subjection. The case will be entirely different with these Mexican territories; when you form them, you must have powerful armies to hold them in subjection, with all the expenses incident to supporting them. You may call them territories, but they would, in reality, be but provinces under another name, and would involve the country in all the difficulties and dangers which I have already shown would result from holding the country in that condition. How long this state of things would last, before they would be fitted to be incorporated into the Union as States, we may form some idea, from similar instances with which we are familiar. Ireland has been held in subjection by England for many centuries; and yet remains hostile, although her people are of a kindred race with the conquerors. The French colony in Canada still entertain hostile feelings towards their conquerors, although living in the midst of them for nearly one hundred years. If we may judge from these examples, it would not be unsafe to conclude that the Mexicans never will be heartily reconciled to our authority. The better class have Castilian blood in their veins, and are of the old Gothic stock—quite equal to the Anglo-Saxons in many respects, and in some superior. Of all the people upon earth, they are the most pertinacious; they hold out longer, and often when there would seem to be no prospect of ever making effectual resistance. It is admitted, I believe, on all hands, that they are now universally hostile to us, and the probability is, will continue so.

But suppose this difficulty removed. Suppose their hostility should cease, and they should become desirous of being incorporated into our Union. Ought we to admit them? Are the Mexicans fit to be politically associated with us? Are they fit not only to govern themselves, but for governing us also? Are any of you, Senators, willing that your State should constitute a member of a Union, of which twenty odd Mexican States, more than one-third of the whole, would be a part, the far greater part of the inhabitants of which are pure Indians, not equal in intelligence and elevation of character to the Cherokees, Choctaws, or any of our Southern Indian tribes?

We make a great mistake in supposing all people are capable of self-government. Acting under that impression, many are anxious to force free governments on all the people of this continent, and over the world, if they had the power. It has been lately urged in a very respectable quarter, that it is the mission of this country to spread civil and religious liberty over all the globe, and especially over this continent—even by force, if necessary. It is a sad delusion. None but a people advanced to a high state of moral and intellectual excellence are capable in a civilized condition, of forming and maintaining free governments; and among those who are so far advanced, very few indeed have had the good fortune to form constitutions capable of endurance. It is a remarkable fact in the political history of man, that there is scarcely an instance of a free constitutional government, which has been the work exclusively of foresight and wisdom. They have all been the result of a fortunate combination of circumstances. It is a very difficult task to make a constitution worthy of being called so. This admirable federal constitution of ours, is the result of such a combination. It is superior to the wisdom of any or all of the men by whose agency it was made. The force of circumstances, and not foresight or wisdom, induced them to adopt many of its wisest provisions.

But of the few nations who have been so fortunate as to adopt a wise constitution, still fewer have had the wisdom long to preserve one. It is harder to preserve than to obtain liberty. After years of prosperity, the tenure by which it is held is but too often forgotten; and I fear, Senators, that such is the case with us. There is no solicitude now about liberty. It was not so in the early days of the republic. Then it was the first object of our solicitude. The maxim then was, that "Power is always stealing from the many to the few;" "The price of liberty is perpetual vigilance." Then no question of any magnitude came up, in which the first inquiry was not, "Is it constitutional?"—"Is it consistent with our free, popular institutions?"—"How is it to affect our liberty?" It is not so now. Questions of the greatest magnitude are now discussed without reference or allusion to these vital considerations. I have been often struck with the fact, that in the discussions of the great questions in which we are now engaged, relating to the origin and the conduct of this war, their effect on the free institutions and the liberty of the people have scarcely been alluded to, although their bearing in that respect is so direct and disastrous. They would, in former days, have been the great and leading topics of discussion; and would, above all others, have had the most powerful effect in arousing the attention of the country. But now, other topics occupy the attention of Congress and of the country-military glory, extension of the empire, and the aggrandizement of the country. To what is this great change to be attributed ? Is it because there has been a decay of the spirit of liberty among the people? I think not. I believe that it was never more ardent. The true cause is, that we have ceased to remember the tenure by which liberty alone can be preserved. We have had so many years of prosperity—passed through so many difficulties and dangers without the loss of liberty—that we begin to think that we hold it by right divine from heaven itself. Under this impression, without thinking or reflecting, we plunge into war, contract heavy debts, increase vastly the patronage of the Executive, and indulge in every species of extravagance, without thinking that we expose our liberty to hazard. It is a great and fatal mistake. The day of retribution will come; and when it does, awful will be the reckoning, and heavy the responsibility somewhere.

I have now shown, Senators, that the conquest of Mexico, and holding it as a subject province, or incorporating it into our Union, is liable to the many and irresistible objections assigned in the first resolution. I have also shown that the policy recommended by the President, if carried out, would terminate, in all probability, in its conquest, and holding it either in one or the other mode stated; and that such is the opinion of the President himself, unless, in the mean time, peace can be obtained. Believing, then, that this line of policy might lead to consequences so disastrous, it ought not, in my opinion, in the language of the second resolution, to be adopted. Thus thinking, I cannot give it my support. The question is then presented—What should be done? It is a great and difficult question, and daily becoming more so. I, who have used every effort in my power to prevent this war, might excuse myself from answering it, and leave it to those who have incurred greater responsibility in relation to it. But I will not shrink from any responsibility where the safety of the country or its institutions are at stake.

The first consideration in determining what line of policy, in the present state of things, ought to be adopted, is to decide what line will most effectually guard against the dangers which I have shown would result from the conquest of Mexico, and the disastrous consequences which would follow it.

After the most mature reflection which I have been able to give to the subject, I am of opinion now, and have been from the first, that the only one by which it can be certainly guarded against, is to take the question of indemnity into our own hands—to occupy defensively, and hold subject to negotiation, a portion of the territory of Mexico, which we may deem ample to cover all proper claims upon her, and which will be best suited to us to acquire, and least disadvantageous to her to lose. Such was my impression when the message of the President of the United States recommended to Congress the recognition of the existence of a war with Mexico. My view, at that time, as to the proper course to be pursued, was to vote the supplies, to rescue General Taylor and his army from the dangers which surrounded them, and take time to determine whether we should recognize the war or not. Had it been adopted, I would have insisted on raising a provisional army, to be collected at some proper point, and to be trained and disciplined: but to postpone the declaration of war until the Congress of Mexico, in which, according to her Constitution, the war-making power resided, should be allowed time to disavow the intention of making war on us, and to adjust all differences between the two countries. But if she refused, even then I would have advised to seize, by way of reprisal, the portion of her territory which we might select, and hold it defensively, as I have just stated, instead of declaring war formally against her; and that mainly for the purpose of avoiding the very dangers against which these resolutions are intended to guard. But such was the urgency which was supposed then to exist, that no time was allowed to present or press these views upon the Senate. Such a course, besides the saving of an immense sacrifice of men and money, and avoiding the many other evils to which the course adopted has already subjected the country, would have effectually prevented our being entangled in the affairs of Mexico, from which we find it now so difficult to extricate ourselves. This consideration alone gives it decisive advantages over the course adopted, and makes it vastly superior, even if it should involve the same sacrifice of men and money to maintain a defensive line, as would, to use the usual phrase, the vigorous prosecution of the war. Mexico is to us as a dead body, and this is the only way that we can cut the cord which binds us to the corpse.

In recommending this line of policy, I look not to the interests of Mexico, but to those of our own country, and to the preservation of its free popular institutions. With me, the liberty of the country is all in all. If this be preserved, every thing will be preserved, but if lost, all will be lost. To preserve it, it is indispensable to adopt a course of moderation and justice towards all other countries; to avoid war whenever it can be avoided; to let those great causes which are now at work, and which, by the mere operation of time, will raise our country to an elevation and influence which no country has ever heretofore attained, continue to work. By pursuing such a course, we may succeed in combining greatness and liberty—the highest possible greatness with the largest measure of liberty and do more to extend liberty by our example over this continent and the world generally, than would be done by a thousand victories. It may be, in expressing these sentiments, that I find no response in the breasts of those around me. If so, it must be attributed to the fact that I am growing old, and that my principles and feelings belong to a period of thirty or thirty-five years anterior to the present date. It is not, however, the first time I have ventured in their maintenance to stand alone on this floor. When General Jackson, some years since, during the latter part of his administration, recommended to Congress to issue letters of marque and reprisal against France, I stood alone in my place here, and raised my voice against it, on the ground that there was no just cause of war with her; that, in entering into the treaty to indemnify our citizens for old claims against her, the King of France and his Ministers declared to our Minister, that it required a vote of the Chambers to make the appropriation to carry it into effect; and that they were no further responsible than to use their best efforts to induce them to do so. This was all communicated to our Executive, and the treaty accepted and ratified, with this condition attached. And yet the President, although he admitted that the King and his Ministers had fully redeemed their pledge to use their best efforts to obtain the necessary appropriation, recommended the adoption of the measure to which I have alluded, and which would have been tantamount to war. Fortunately the Government of Great Britain, by her interposition, prevented it. This example, I fear, has contributed much to give the strong tendency, which we have since witnessed, to resort to menace and force in the settlement of our differences with other powers.

According to my opinion, all parties are interested in adopting a line of policy which will with certainty disentangle us from the affairs of Mexico, and avoid the great sacrifices of men and money, and the many other evils to which the war exposes us. Let me say to my friends, who support the administration in their policy, that if you persist, and if peace by some good fortune should not be obtained, the war will go on from year to year, and you will be utterly overthrown as a party. Do you not see that its effect, in reference to our internal affairs, is to drive you into a course of policy directly contrary to that which you have professed to support, and in favor of that which you have charged your opponents with supporting. You have ever professed to oppose, as a party, a national debt, and charged your opponents with being its advocates. But what, I ask, is the effect of the war in this respect? Is it not to create an immense national debt, greater than that which the party to which you are opposed could possibly have created by any other policy, had they been in power? This campaign, on which you look so lightly, will add to it a sum more than half as great as the entire debt of the Revolution. You have been opposed to the extension of the patronage of the Executive, at least in profession. But this war is doing more to enlarge his patronage than any other policy which your opponents could have adopted. You profess to be in favor of a metallic currency. Do you not see that with the increase of stocks and treasury notes, you are in danger of being plunged again into the lowest depths of the paper system? You, as a party, have advocated the doctrine of free trade. Do you not see that, by the vast increase of the expenditures of the country, and the heavy interest which you will have to pay on the public debt, you are creating a necessity for increasing the duties on imports to the highest point that revenue will admit, and thus depriving the country of all the practical benefits of free trade, and preventing the Government from making any material reduction, until the whole debt is paid, which cannot be expected during this generation? What could your opponents have done more, or even as much, to destroy a system of policy which you claim to distinguish you from them, and to establish that which you allege to be the reason why they should be excluded from power? Has not, and will not, this war policy, if persisted in, effectually and finally obliterate the line of policy which you have insisted on as distinguishing you from them? Why, then, to save yourselves from such a result, do you hesitate to adopt the course of policy I have suggested, as the only certain means of preventing these and other evils, and the danger to which our institutions are exposed? The pride of opinion may resist. I know the difficulty, and respect it, with which we yield measures that we have advocated, even when time has shown them to be wrong. But, true magnanimity and the highest honor command that we should abandon them, when they threaten to be injurious instead of beneficial to the country. It would do great credit to the party in power to adopt the policy now, in reference to the war, of taking indemnity into our own hands, by assuming a defensive position, which, it can hardly be doubted they would have done when the war was recognized, if they had foreseen the difficulties and dangers to which it has led. It would be a noble sacrifice of individual pride to patriotism.

In asserting that the only alternative is between the policy recommended by the President and the adoption of a defensive position, I have put out of the question the policy of taking no territory. I have done so, because I believe the voice of the country has decided irrevocably against it, and that to press it as the alternative, would render almost certain the final adoption of the policy recommended by the President, notwithstanding the disasters which it threatens. Let me say to my friends on the other side of the Chamber (for as such I regard them, for political differences here do not affect our personal relations), that they have contributed by their course to fix the determination not to terminate the war without some suitable indemnity in territory. I do not refer to your vote recognizing the existence of war between the Republic of Mexico and the United States. I well know that you voted with a view to furnish immediate support to General Taylor and his army, then surrounded by imminent danger, and not with the intention of recognizing the war; and that you remonstrated and protested against that interpretation being put upon your votes. But since it passed, and the war was recognized, most of you have continued to vote for appropriations to prosecute the war, when the object of prosecuting it was avowed to be to acquire territory as an indemnity. Now, I cannot see how the two can be reconciled—how you can refuse to take indemnity in territory, when you have voted means for the express purpose of obtaining such indemnity. The people are not able to understand why you should vote money so profusely to get indemnity, and refuse to take it, when obtained; and hence public opinion has been brought so decidedly to the conclusion not to terminate the war without territorial indemnity. But if such indemnity is to be had without involving the hazard of conquering the country, with all the dangers to which it would expose us, we must decide whether we shall adopt a defensive position or not, now-this very session. It will, in all possibility, be too late at the next.

I have now, Senators, delivered my sentiments with freedom and candor, upon all the questions connected with these resolutions. I propose nothing now. But if I find that I will be supported, I will move to raise a Committee to deliberate upon the subject of the defensive line.

The opportunity is favorable, while there are so many officers from Mexico now in the city, whose opinion would be of great value in determining on the one to be adopted. If the course of policy which I have suggested should be adopted, we may not get peace immediately. The war may still continue for some time; but be that as it may, it will accomplish the all-important object-will extricate the country from its entanglement with Mexico.

SOURCE: Richard C. Crallé, Editorn, The Works of John C. Calhoun: Speeches of John C. Calhoun Delivered in the House of Representatives, and in the Senate of the United States, Vol. 4, pp. 396-424

Wednesday, February 13, 2019

Diary of Gideon Welles: Saturday, April 16, 1864


Had a long telegram at midnight from Cairo, respecting Rebel movements in western Kentucky, — at Paducah, Columbus, Fort Pillow, etc. Strange that an army of 6000 Rebels should be moving unmolested within our lines. But for the gunboats, they would repossess themselves of the defenses, yet General Halleck wants the magnanimity and justice to acknowledge or even mention the service.

There is still much excitement and uneasy feeling on the gold and currency question. Not a day but that I am spoken to on the subject. It is unpleasant, because my views are wholly dissimilar from the policy of the Treasury Department, and Chase is sensitive and tender — touchy, I may say — if others do not agree with him and adopt his expedients. Mr. Chase is now in New York. He has directed the payment of the May interest, anticipating that throwing out so much gold will affect the market favorably. It will be likely to have that effect for a few days but is no cure for the evil. The volume of irredeemable paper must be reduced before there can be permanent relief. He attributes to speculators the rise in gold! As well charge the manufacturers with affecting the depth of water in the rivers, because they erect dams across the tributaries! Yet one cannot reason with our great financier on the subject. He will consider it a reflection on himself personally and claims he cannot get along successfully if opposed.

I remarked to Senator Trumbull, whom I met when taking my evening walk last Thursday, and was inquired of, that I could hardly answer or discuss his inquiry in regard to the gold excitement, because in a conversation which we had a year or two since, when one of the bills was pending, —  the first, I believe, — I had said to him I was a hard-money man and could indorse no standards but gold and silver as the measure of value and regretted and distrusted the scheme of legal paper tenders. Chase heard of that conversation and claims I was embarrassing the Treasury.

This sensitiveness indicates what I fear and have said, viz. Chase has no system on which he relies, but is seeking expedients which tumble down more rapidly than he can construct them. He cannot stop what he and others call “the rise of gold,” but which is really the depreciation of paper, by the contrivances he is throwing out. The gold dollar, the customs certificates, the interest-bearing Treasury notes, etc., etc., are all failures and harmful and will prove so. The Secretary of the Treasury found a great and rich country filled with enthusiasm in a noble cause and full of wealth, with which they responded to his call, but their recourses and sacrifices were no evidence of financial talent on the part of the Secretary who used them. The Secretary is not always bold, and has not enforced taxation; he is not wise beyond others, and has not maintained the true measure of value; he resorts to expedients instead of abiding by fixed principles. By multiplying irredeemable paper and general inflation, his “ten forty” five-per-cents may be taken, but at what cost to the country! He is in New York and may negotiate a loan; but if he does, it will be with the banks and, I presume, at six per cent. If so, the banks will not be able to help the speculators, and they, being cramped, will suffer, and perhaps fail. The fancy stocks will be likely to fall under this operation, and the surplus money may seek government securities, but under the inflation how expensive to the country!

SOURCE: Gideon Welles, Diary of Gideon Welles, Secretary of the Navy Under Lincoln and Johnson, Vol. 2: April 1, 1864 — December 31, 1866, p. 12-4

Saturday, March 11, 2017

Diary of John Beauchamp Jones: March 11, 1863

Gen. Fitzhugh Lee has made a dash into Fairfax (near Washington) a day or two ago, and captured the Federal Gen. Slaughter and other officers, in their beds.

Last night one of the government warehouses in this city was burnt. It is supposed to have been the work of an incendiary traitor; perhaps in retaliation for the recent impressment of flour. Yesterday the lower house of Congress passed a resolution restricting impressments. This has a bad aspect.

The Bureau of Conscription, to-day, under the direction of Col. Lay, decided that all clerks in the departments, appointed subsequent to the eleventh of October last, are liable to be enrolled for service. Yet the colonel himself has a clerk appointed in January last.

Gold sells at $5 in Confederate States notes for one; U. S. Treasury notes are at a premium here of $2.50. Even the notes of our State banks are at 60 per cent, premium over Confederate notes. This is bad for Mr. Memminger. An abler financier would have worked out a different result.

All the patriotism is in the army; out of it the demon avarice rages supreme. Every one seems mad with speculation; and the extortioners prey upon every victim that falls within their power. Nearly all who sell are extortioners. We have at the same time, and in the same community, spectacles of the most exalted virtue and of the most degrading vice.

Col. Mattel, the former commandant of conscripts for North Carolina, who was wounded at Kinston, and yet was superseded by Col. Lay's friend, Col. August, is now to be restored, and Col. A. relieved. Upon this Col. L. has fallen sick.

Mr. Duffield, whom Col. Lay and Mr. Jacques had appointed A. A. G. over me, has not yet, for some cause, got his commission. The Secretary or some one else may have “intervened.”

SOURCE: John Beauchamp Jones, A Rebel War Clerk's Diary at the Confederate States Capital, Volume 1, p. 272

Thursday, February 16, 2017

Diary of John Hay: Sunday, October 18, 1863

I arrived in Washington to-day after an absence of a little more than two weeks.

On presenting myself to the President this morning . . . . I gave him my impression of the conduct of Mr. C. in trying to cut under in way he k doing, instancing what Denison of New York had related. He said “it was very bad taste, but that he had determined to shut his eyes to all these performances; that Chase made a good Secretary, and that he would keep him where he is: — if he becomes President, all right! I hope we may never have a worse man. I have all along clearly seen his plan of strengthening himself. Whenever he sees that an important matter is troubling me, if I am compelled to decide it in a way to give offence to a man of some influence, he always ranges himself in opposition to me, and persuades the victim that he (C.) would have arranged it very differently. It was so with Gen'l Frémont, — with Gen'l Hunter, when I annulled his hasty proclamation — with Gen'l Butler, when he was recalled from New Orleans, — with the Missouri people when they called the other day. I am entirely indifferent as to his success or failure in these schemes, so long as he does his duty as the head of the Treasury Department.”

He talked of the Missouri matter, and read to me the letter he had written Drake for the Committee. As it will probably be published, I forbear synopsis. It is a superb affair, perfectly just and frank, courteous but immoveable. He will not be bullied even by his friends. He tries to reason with these infuriated people. The world will hear him, if they do not. He read to me a letter which he has to-day written to Gov. Gamble, who, it seems, is anxious to have the President espouse his side of the quarrel, and to recognise him as the State Government, and use the federal authority to crush out the radicals, who, he says, meditate revolution and civil war in Missouri. The President answering says he will be at all times ready to extend to Missouri the protection guaranteed by the Constitution against domestic violence, whenever he (the President) shall see cause to suspect such violence as imminent. He does not so regard it at present. He thinks the instructions given to Gen'l Schofield cover the case.

We got into this vein of talk through my telling him what Joe Gillespie says, and what I myself observed, of the tendency of public opinion in the West, almost universally, in favor of the radicals as against the conservatives in Missouri.

Talking of the military situation, he says Lee probably came up the other day thinking our army weaker than it is, and finding his mistake from the fight at Bristow, is holding off at present. Rosecrans is all right, though somewhat bothered about his supplies.

SOURCES: Clara B. Hay, Letters of John Hay and Extracts from Diary, Volume 1, p. 108-10; For the whole diary entry see Tyler Dennett, Editor, Lincoln and the Civil War in the Diaries and letters of John Hay, p. 100-2.

Saturday, November 5, 2016

William Cullen Bryant to Miss Christiana Gibson, of Edinburgh, August 18, 1864

roslyn, August 18th.

I wish I could write you a letter as bright and beautiful as this morning, and as full of freshness and life. A long and severe drought, in which all the vegetable world drooped and languished, has just closed, and the earth has been moistened with abundant showers. For a sultry atmosphere, a blood-red sun, and a sky filled with smoke from our great forests on fire, we have a golden sunshine flowing down through a transparent air, and a grateful breeze from the cool chambers of the northwest. Our usual fruits, meantime, with the exception of the raspberry, have not failed us; we have plenty of excellent pears, and I have just come in from gathering melons in the garden. This afternoon the school-children of the neighborhood are to have their annual feast of cake and pears on the green under the trees by my house, and I am glad they are to have so fine a day for it.

Julia has told you where the mistress of the mansion is at present — in a place where, for her at least,

“—good digestion waits on appetite,”

and some measure of health on both. In September I hope to have her back again, looking and feeling “amaist as weel's the new.” From the place where she has already passed several weeks — a sandy vale lying in the lap of the grand Adirondack Mountains, about ten miles west of Lake Champlain — she is seized with an adventurous desire to push her explorations to Saranac and its sister lakes—very picturesque, it is said—and this she will do, I suppose, next week. I do not go, for I am not a gregarious animal. I cannot travel, like the locusts, in clouds, at least with any degree of contentment. Yet, as my wife makes no objection, and reports her health improved, I encourage her to proceed. Meanwhile, I employ myself in reading Taine on “La Littérature Anglaise.” M. Taine has studied English literature thoroughly and carefully, and is almost always brilliant, but sometimes too elaborately so. He looks at everything through French spectacles, but his book is none the worse for that. He often exaggerates, but I have been much interested in his work. Look at it if it comes in your way.

How this dreadful Civil War lingers! We are now also making wry faces over the bitter fruits of that great folly against which I protested so vehemently, and almost alone as a conductor of the Republican press — of making paper a legal tender.

SOURCE: Parke Godwin, A Biography of William Cullen Bryant, Volume 1, p. 211-2

Saturday, June 11, 2016

Diary of Lieutenant-Colonel Rutherford B. Hayes: Thursday, April 3, 1862

Raleigh, Virginia. — The rain last night was merely an April shower. It has cleared off bright and warm. The grass looks fresh and green. I have one hundred and fifty dollars in treasury notes. Last night Lieutenant Hastings with Company I started for the Marshes of Cool to protect the election and if possible catch the Trumps

Election day for West Virginia. One hundred and eight votes polled here, all for the new Constitution. I doubt its success. Congress will be slow to admit another slave State into the Union. The West Virginians are blind to interest as well as duty, or they would abolish slavery instantly. They would make freedom the distinguishing feature of West Virginia. With slavery abolished the State would rapidly fill up with an industrious, enterprising population. As a slave State, slaveholders will not come into it and antislavery and free-labor people will keep away.

SOURCE: Charles Richard Williams, editor, Diary and Letters of Rutherford Birchard Hayes, Volume 2, p. 222

Friday, June 19, 2015

Brigadier-General John Sedgwick to his Sister, July 12, 1862

Camp James River, July 12, 1862.
My dear sister:

Everything remains very much as when I last wrote. No reinforcements have arrived since. The enemy have withdrawn and returned to the vicinity of Richmond. What our future movements are to be is quite uncertain. The President rode through the camps when here, and expressed himself pleased and disappointed in the appearance of the troops. He had supposed that we were all desponding, when he found every one joyful. General McClellan paid me and my division a high compliment in presenting us to the President. I believe he has recommended me for a Brevet Brigadier in the regular army. I know General Sumner has. I would value this more than a Brigadier of Volunteers.

Write often. Have you purchased the Treasury notes and have you paid off all our debts? I hope so, and have something left to keep the machine running. You must not break in upon what we have salted away. I believe I wrote you that I lost my old horse in one of the actions. My servant, who has been with me as long as the horse, had gone on, and I did not see him for two days. When I told him about Tom, he cried like a child, and said, “Bless God, General, I am glad they did not get you. Next to old Tom” (the horse), “I had rather see you safe than any man living.” I owe him about one hundred dollars. With much love to all,

I am, very affectionately,
J. S.

SOURCES: George William Curtis, Correspondence of John Sedgwick, Major-General, Volume 2, p. 74-5

Thursday, February 12, 2015

Major Rutherford B. Hayes to Sardis Birchard, October 15, 1861

Near Gauley Bridge, October 15, 1861.

Dear Uncle: — I am practicing law on the circuit, going from camp to camp. Great fun I find it. I am now in General Rosecrans' headquarters, eight miles from my regiment. This is the spot for grand mountain scenery. New River and Gauley unite here to form the Kanawha. Nothing on the Connecticut anywhere equals the views here.

Glad Ohio is sound on the goose. Sandusky County for once is right. We shall beat the Rebels if the people will only be patient. We are learning war. The teaching is expensive and the progress slow, but I see the advance. Our army here is safe and holds the key to all that is worth having in western Virginia. . . .

Sincerely,
R. B. Hayes.

P. S. — Send letters, etc., care of General Rosecrans as heretofore. How about Treasury notes? Patriotism requires us to take and circulate them, but is there not a chance of their sharing, sooner or later, in a limited degree, the fate of the Continental money of Revolutionary times?

S. BlRCHARD.

SOURCE: Charles Richard Williams, editor, Diary and Letters of Rutherford Birchard Hayes, Volume 2, p. 115

Wednesday, September 3, 2014

Senator James W. Grimes to Senator William P. Fessenden, September 19, 1861

Burlington, September 19, 1861.

Of course, you are so terribly oppressed with the great affairs of the finance department of this Government as to be wholly unable to write a letter to one of the outside barbarians in Iowa. I would not disturb your labors or your repose, if I did not deem it important to glorify myself a little over the result of the “circulation Treasury-notes” measures, about the success of which those learned-financial pundits, Fessenden and Chase, expressed so many doubts. You learn, of course, as I do, that at least one hundred thousand dollars of them can be floated to the manifest advantage of the Government, and to the immense advantage of this poor and benighted region. If that pure patriot and model of a public officer, whom you feel called on to defend when aspersed, would call some Pennsylvanians into the field, instead of keeping them all at home to fill army contracts, and let some of the army contracts and supplies be furnished here, business would once more assume a hopeful condition in the West. But we ought not to complain. We ought to console ourselves with the reflection that Pennsylvania furnishes one-third of all the officers to the army, and of course this draw upon her resources must impair her ability to furnish privates.

When it was reported that Fremont was suspended, cold chills began to run up and down people's backs, they bit their lips, said nothing, but refused to enlist. I know nothing of the merits of the controversy, but it is as evident as the noonday sun that the people are all with Fremont, and will uphold him “through thick and thin.” My wife says, and I regard her as a sort of moral thermometer for my guidance, that the only real noble and true thing done during this war has been his proclamation. Everybody of every sect, party, sex, and color, approves it in the Northwest, and it will not do for the Administration to causelessly tamper with the man who had the sublime moral courage to issue it.

I wish you to understand that I do not intend by this letter to impose upon you the labor of answering it. I had nothing to write about, but I had not heard from you, and the spirit said, “write,” and I have written as the spirit moved. If my wife knew that I was writing, she would send her love; as it is, you must content yourself with mine.

SOURCE: William Salter, The Life of James W. Grimes, p. 152-3

Friday, February 14, 2014

Court Decision

OTTAWA, May 19.

The Court reversed the judgment in the Wright case, deciding the law requiring the revenue to be collected and paid out in gold and silver alone, as obligatory now as it was previous to the passage of the act of Congress making treasury notes legal tender in payment of debts.  This is a subject exclusively within the control of our Legislature, and with which Congress as nothing to do.  The Legislature might require all revenues to be paid in gold alone or in silver, or corn or cattle, although gold and silver have always been legal tender in the payment of debts.  An opinion at length will be hereafter written.

Published in The Davenport Daily Gazette, Davenport, Iowa, Wednesday Morning, May 21, 1862, p. 1

Monday, January 13, 2014

Diary of Salmon P. Chase, Friday, September 12, 1862

Breakfasted alone. After breakfast went to Department, putting carelessly in my pocket a roll of papers, consisting, in part, of some sheets of an Account of McClellan's Course till the junction of the Army of the Potomac with that of Virginia, and of others containing the first draft of my journal of the 10th., and in part of the 11th. On reaching the Treasury, I was a little alarmed on missing a roll; and still more annoyed when, on sending Thomas and Mr. Plant to look along the street and at the house, nothing could be found of it. What if it should fall into the hands of somebody who will make public what is not designed for publication, but simply in memoriam?

Fortunately the roll was picked up in the street and brought to me.

Little of interest occurred at the Department to-day. Expenses are enormous, increasing instead of diminishing; and the ill succesess in the field have so affected Government Stocks that it is impossible to obtain money except on temporary deposit, and these deposits very little exceed.

We are forced, therefore, to rely on the increased issue of U. S. Notes, which hurts almost as much as it helps; for the omission of Congress to take any measures to restrict bank-note circulation, makes the issue of these notes a stimulant to its increase so that the augmentation of the currency proceeds by a double action and prices rise proportionably. It is a bad state of things, but neither the President, his counsellors nor his commanding general seem to care. They rush on from expense to expense and from defeat to defeat, heedless of the abyss of bankruptcy and ruin which yawns before us — so easily shunned yet seemingly so sure to engulf us. May God open the eyes of those who control, before it is too late!

Went over to the War Department about two. Found that no important intelligence of rebel movements had been received. The Secretary informed me that he had heard from Genl. H. that the President is going out to see Genl. McClellan; and commented with some severity, on his humiliating submissiveness to that officer. It is, indeed humiliating; but prompted, I believe, by a sincere desire to serve the country, and a fear that, should he supersede McClellan by any other commander, no advantage would be gained in leadership, but much harm in the disaffection of officers and troops. The truth is, I think, that the President with the most honest intentions in the world, and a naturally clear judgment and a true, unselfish patriotism, has yielded so much to Border State and negrophobic counsels that he now finds it difficult to arrest his own descent towards the most fatal concessions. He has already separated himself from the great body of the party which elected him; distrusts most those who most represent its spirit; and waits — For What?

Before I left the Department, the Secretary kindly promised me a Paymastership for W. D. Bickham; which will, when given, be a great satisfaction to a very worthy friend. We talked also of Port Royal and matters there. I advised the removal of Brannan, who is hostile to the plans of the Department and the measures of Seaton. He said he would be ordered to the North; but did not seem inclined to talk much about it.

Speaking of the number of rebels, he said he thought it could not exceed 100,000 men; but that his judgment was founded upon possibilities of supplies and transportation — not on reports.

Called at President's, and spoke to him of leave of absence to Cameron. He referred me to Seward, to whom I went, and was informed that leave was sent by last steamer. We talked on many things — Barney's appointments, conduct of the war, etc, etc, — Engaged to go together tomorrow, and urge expedition to Cn. — He said some one had proposed that the President should issue a Proclamation, on the invasion of Pennsylvania, freeing all of the Apprentices of that State, or with some similar object. I thought the jest ill-timed.

Judge Adams (6th. Auditor), Mr. Burnan (of Kentucky Legislature, now a refugee from his home) and Mr. Case, (formerly of Patriot, la., now of Portland, Me.) dined with me. The Kentucky Slaveholders were more against Slavery than the Northern Conservatives. Strange, yet not strange!

In the evening, Maj. D. Taylor, Mr. O'Harra, and Mr. Cooke called. — later Mr. Cummings. General talk and not very profitable. Cooke and O'Harra want introduction to Genl. Mitchell for Pitt, Cooke and O'Harra, who want to buy cotton at Port Royal. — Col. Kane called and left note about McDowell. — Mr. Cummings talked about “Bulletin” — about the removal of one of the Editors from Custom House — about support to himself for Assembly — about distribution of stamps etc. — I got tired.

SOURCE: Diary and correspondence of Salmon P. Chase, in the Annual Report of the American Historical Association for the Year 1902, Vol. 2, p. 76-8

Saturday, November 30, 2013

Local Matters

FOR cheap and good boots, gaiters, and slippers, go to Dow & Co.’s.

STEEL spring hoop skirts, the latest patent, are now selling at New York prices at Whisler’s, in LeClaire Row.

R. KRAUSE has a large stock of ready made clothing, of his own manufacture, which he offers at the very lowest prices.

GENTS Hats of all shapes, and every price, from the cheap palm, to the expensive beaver; Misses’ and infants’ straw goods, in great variety.  If you want a hat what is a hat, and want to by it cheap, cal on Farrand, corner of 2d and Main streets.

PERSONAL. – We were favored last evening with a Call from Mr. Chas. F. Aldrich, Chief Clerk of the House, and the editor of the Hamilton Freeman, one of the best and liveliest county papers in the State.  Mr. A. is on his way to Chicago.

THE peach crop hits hear is again a failure in Iowa.  We have not seen a blossom, while the severity of the winter has killed many trees.  Fruit raisers should persevere, however; if they get one good crop in ten years it will repay them for the trouble.

THE WEATHER yesterday was very much mixed, but managed to keep uncomfortably war through the whole day.  A couple of slight showers fell during the early part of the day, sufficient to lay the dust.  Clouds heavily charged with electricity floated about the sky all day, and there was sufficient lightning in the air to prevent the easy working of the telegraph wires.

HON. JO. KNOX. – The Chicago Journal announces the appointment, by Gov. Yates, of Hon. Jo. Knox, formerly of Rock Island, as prosecuting attorney for the Chicago district, in place of Carlos Haven, deceased.  The Journal truly says of him:  “Mr. Knox brings to the office a ripe experience, having been for very many ears one of the brightest ornaments of the bar in our State, and the public will feel satisfied that the Governor has entrusted his office to one who will do honor to the position.”

PEORIA MARINE AND FIRE INSURANCE CO. – We take pleasure in calling the attention of our readers to the advertisement of the Peoria Marine and Fire Insurance Company in this paper.  This company has been doing business in our city many years, and we have watched its progress, with an ardent desire that it might prove successful, from the fact that it is purely a Western Company, although managed by experienced insurance men from New England, and we are so proud to state that its foundation is as firm as a rock, that it has done and is doing a very prosperous business, and we bespeak for the old Peoria a full share of the great business of our city.

EASTERN WILD-CAT. – The financial article of the Chicago Tribune of the 14th, earnestly urges upon Western people the propriety and necessity of receiving only treasury notes and bills of good Western banks in payment for their produce.  Good advice.  The treasury notes are better than any other bank money, because they are based on the credit of the whole nation; while our own bank notes are better than any from the East which are likely to be circulated here.  Another consideration is, that many Eastern bills are now being shoved out with the signatures engraved.  These bills are worthless, if the banks are disposed to act dishonest about it.  This fact should make us very careful how we handle any Eastern money, unless it be that of well-known and responsible institutions, and of their issues very little comes here.  Let us, therefore, avoid being caught by banks where are hardly visible to the naked eye in their own ostensible localities and who do such a big business that their officers haven’t time to write their own signatures on their issues.

PHOTOGRAPHIC ALBUMS. – In our columns this morning will be found an advertisement of S. C. Griggs & Co., of Chicago, of Photographic Albums.  The Christian Advocate says: “About four months ago, Mr. Griggs brought on the first assortment of photographic Albums we had ever seen.  Their beauty and utility at once attracted public attention, and he enlarged his supply, securing all varieties from the cheapest up to the most elegant styles.  They at once became fashionable, and deservedly so, and we doubt if the business of the firm in that one article will fall short of $10,000 by the first of May!  Let our friends from the country call at Nos. 39 and 41 Lake street, and see them.  There is nothing more pleasant for the centre-table.

Insurance against fire and the perils of inland transportation, and life insurance, can be had of W. F. ROSS, general insurance agent, Metropolitan building, who will not represent any but the most reliable companies.

– Published in The Davenport Daily Gazette, Davenport, Iowa, Saturday Morning, May 17, 1862, p. 1

Monday, September 9, 2013

Small Demand Notes

Secretary Chase has recommended to Congress the issuing of treasury notes under the denomination of five dollars, to the extent of $25,000,000.  We like the idea, and believe it will have a tendency, if properly encouraged by the people, to drive out a great deal of the rag money in circulation.

– Published in The Davenport Daily Gazette, Davenport, Iowa, Saturday Morning, May 10, 1862, p. 2

Sunday, June 30, 2013

People should bear in mind . . .

. . . that mutilated U. S. Treasury Notes are not redeemable at their full value.  A ten dollar note with a corner torn off is only worth nine dollars.  The counterfeiters are making quite a business of mutilating notes and pasting the pieces together to form a new one.

– Published in The Davenport Daily Gazette, Davenport, Iowa, Friday Morning, May 2, 1862, p. 2

Saturday, June 1, 2013

Mutilated Treasury Notes

TREASURY DEPARTMENT
WASHINGTON, May 18, 1862

To guard against frauds upon the Government and to secure the just rights of holders, the following rules, for the redemption of mutilated United States Notes, are hereby established.

FIRST – Mutilated notes, which have been torn no matter how much, but of which it is evident that all the fragments are returned or defaced no matter how badly, but certainly satisfactorily genuine, will be redeemed to their full face value on presentation.

SECOND – Fragments of notes will be redeemed in full only when accompanied by an affidavit stating the cause and manner of mutilation, and that the missing part of the note is totally destroyed.  The good character of the affiant must also be fully vouched by the officer before whom the affidavit is taken.

THIRD – In the absence of such affidavit, fragments of notes will not be paid in full, but the parts presented will be redeemed in their proportion to the whole note, reckoning, as a general rule, by twentieths.

FOURTH – Less than half of a note will not be redeemed, except by payment of the full value of the note under the second rule, or by payment of the proportional value of the missing part, when presented under the fifth rule.

FIFTH – Fragments of notes, for which less than the full face value has been paid, will be retained for a year, to an end that the owners who have received less than the value of the full note, may have opportunity to return the missing part and receive the amount previously withheld.

SIXTH – Until further order, mutilated notes and fragments will be redeemed only at the Treasury of the United States at Washington, whither they can be sent, addressed to the “Treasurer of the United States,” by mail, free of postage.  A draft on the Assistant Treasurer at New York, for the amount allowed will be returned in the same way, to the address of the person remitting the same.

S. P. CHASE,
Secretary of the Treasury

– Published in The Burlington Weekly Hawk-Eye, Burlington, Iowa, Saturday, June 7, 1862, p. 1