The Ripley advertiser. [volume] (Ripley, Miss.) 1843-1897, 1861-12-11


and sons in the army; he knew they
would write and tell them how much
they loved them, how they were niss.
ed at home, and how their prese1 ce
was desired, bat he knew that should
they return ere the invader was div
en- from our soil, they woaId be Vel
COINED only in sorrow and IN tears.
Intimately connected, said he, with
sustaining the army, was the subject
Of finances. We should pay our tax
es--we must pay our taxes. X was q
futile proposition, it would be sui
cidal policy to suspend the collection
of our taxes. There was no neces-
sity for it, As well disband the army
at once, and invite Abraham to take
undisturbed possession. But to pay
our taxes, we must have money--we
must have "a currency, and the people
expected and demanded that this Leg
islature should provide it. II was true
we have not the specie on which to
base this currency, bat we have the
next best thing, the result os our la.
bor- CoTToN. He discussed the main
propositions before the Legislature to
provide this currency the esiab
lishment Of one or more banks on the
cotton basis; the other the issuance of
Treasury notes on the same basis, by
the State herself lie favored the lat
ter policy When the necessity no
longer existed for the purchase OF this
cotton BY the State with her Treasury
notes, when the blockade was abol-
ished, aud the cotton could bo disposed
of, the State would then suspend any
further issue, whereas an lneepend
ent bank would have to be Chartered
for twenty or more years, and conld
not be got rid of during such period.
In answer to an inquiry, will you
claim in the Confederate Senate, that.
Mississippi Treasury notes are ofcqual
value with suspended bank paper Of
other States" be answered most EN-
phstieally 10 the a.Iie:Rassye In 80
fuse them under such crcunistancesl
would be an outrage. Waal reduce
sovereign State, that has alrcadya
contributed no small mite to the sue.
cess of the Government cause, to :he
level of suspended bank! 1t would
be monstrous proposition. And fur
thermore, he should insist upon the
Confederate Congress investing a por-
ton of her notes in the cotton grow.
ing States. Thus far, the grain aud
grass growing States, had resolved the
exclusive patronage Of the Govern
ment; and he should demand, as
matter of justice, that it should pur
chase at least a portion of the cotton
crop from those States which do not
raise sugar, grain, grass &c. Becauael
cotton could not be consumed, il was3
no argument why il should not be
purchased, on the contrary, it Woul14
stand as basis-thc very safest guar
antee for the redemption Of the notes.
So far as we could stnalyze ihe plan
submitted By the speaker, it Is essen.
TALLY the Gne that is now pending be, /
fore inc Legislature, and introduced
BY Col. c. Fl. Hooker, which is briefly
this: That the Secretary of the Treas
ury of the State shall be authorized to
have - millions of Treasury notes
falling due al certain time, struck
off and deposited in the Office of the
Treasurer, cpniisting Of notes Of the I
denomination Of tives. tens, twenties,
tlftys and hundreds, and that all per-
sons in the State owning cotton, and
who may desire to pledge il, and OBJ
tainan advance thereon in the said
notes, shall be enabled TO do so under
certain safe reStrirgion., llGsitationsr
and penalties too numerous to men
ton in this connection. The speaker
pronounced such a measure entirely
constitutional; he could not view it as
the pledge of the faith of the State for
a loan of money, but simply do
mestic transaction, entirely legitimate,
and demanded by the exigency of the
times. But we have extended an i'm
perfect review beyond our design.
We took no notes, and can only give
the mere skeleton of an address, that
for public edification and profit, should
be published at length, and we aie sat-