The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1861-11-30
The Message of JeG: Davis.

Richmond papers of she Goth, containing
tbs message of President Davis to the rebel
Congress are received. He says the opera
tions of the army are to bs partially inter-
miSted the approaching winter. They have
afforded protection to thecountry, and shed
glorious lustre upon ats arms through try
ing vicissitudes of more than one arduous
campaign. After more than seven months
of war, the enemy have not only failed to
extend their occupation of our soil, but new
States and territories have been added to
our Confederacy while, instead of their
threatened march of unchecked conquest,
they have been driven, at more than one
point, to assume the defensive. Upon fair
comparison between the two belligerents,
as to men, military means, and financial
condition, the Confederates are relatively
much stronger now than when the struggle
commenced. ~
He speaks in high terms of the people of
the State of Missouri, who, he says, have
conducted the war in the face of almost
unparalleled difficulties with spirit and sue
cess alike worthy of themselves and the
cause in which they are struggling. Find
ing that the Confederate States were about
to be invaded, through Kentucky. and that
her people, after being deceived into mista
ken security, were unsrmed aud in danger
of being subjugated by Federal forces. our
armies were marched into that State to re-
pei the enemy and prevent occupation of
certain strategetical points. which would
have given them great advantage in the
contest, step which was not only justified
by the necessity of obedience on the part
of the Confederate States. but also by de-
sire to aid the people of Kentucky. 1t was
never intended by the Confederate Govern
ment to conquer or coerce people of that
State. but on The contrary, it was declared
by our Generals that they would withdraw
our troops if the Federal troops would do
likewise.
He speaks of the difficulties attending
mail transportation-some of which he de-
clares can be overcome only by time and
the improved condition of the coaniry, or
the restoration of peace-others by legis-
ation. The financial system has worked
well. so far, and promises good iesults for
the future.
To the extent that Treasury notes be is
sued. the Government is enabled to borrow
money without interest, thus to facilitate
the conduct of the war. This extent is
measured by the portion of the field of cir
culation which these notes can be made 10
occupy. The proportion of the field they
occupied depends again upon the amount of
debts for which they are receivable aud
when due. Not only Confederate and STATE
Governments are payable in this medium
but q large portion of it may be circulated
at par. There is every reason to believe
that the Confederate Treasury notes are
fast becoming such medium. The prop
osition that these notes shall become Con-
federate Stock bearing 8 per cent interest,
at the pleasure of the holders, insures them
against depreciation below the value of that
stock. No considerable fall in value need
be feared SO long as the interest shall be
punctualIy paid. Punctual payment of the
interest has been secured by the act passed
last session imposing a rate of taxation
which must provide sufficient means rof
that purpose.