National Loan Appeal by Secretary Fessenden in 1864
Secretary of the Treasury Fessenden appeals to the United States for a new loan of up to 200 million dollars in Treasury notes bearing interest, exchangeable for money or bonds, to sustain the Civil War efforts. He argues the war’s cost, national unity, and the need for stable finances, tax reform, and cautious legislation shaping the currency and credit, urging patriotic support.
MENTIONED IN THIS ARTICLE
Fessenden
United States
Treasury Department
Congress
Secretary of the Treasury
Treasury
Revenue notes and legal notices amid Civil War measures
Treasury Secretary Fessenden urges continued credit support and currency restraint as revenue grows under the new law, citing June receipts of about fifteen million dollars. A judge recalls a case where a defendant prayed in court to present his facts, while a soldiers letters rule requires full postage before dispatch, with penalties for underpaid mail.
MENTIONED IN THIS ARTICLE
Hich Congress
Treasury
Congress
Iappeal
W. P. Fessenden
Secretary of the Treasury
Esquire W
Justice
Mr. A
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