by John Beauchamp Jones
DECEMBER 8TH.—The President’s message was sent to Congress to-day. I was not present, but my son Custis, who heard it read, says the President dwells largely on the conduct of foreign powers. To diminish the currency, he recommends compulsory funding and large taxation, and some process of diminishing the volume of Treasury notes. In other words, a suspension of such clauses of the Constitution as stand in the way of a successful prosecution of the war. He suggests the repeal of the Substitute law, and a modification of the Exemption act, etc. To-morrow I shall read it myself.
