Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-10-10
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Cised GA Chr YiEslF Important SUBJECT 81 raising
t~heTVQuisite means for carrying THE government
and the pe0ple'safely through the ffyihg-struggle
that is-ngg upon thtln 'The inquiry Is c6hth-
ualfys bGfnS nude. low are we 10 naise money ~
pay our taxes The vTiscT does AOha profess TO
have 6ssc0versashe true solution of this CreSt'
problem, but still thinks Tie. apparent obstacles
may be overcome at the proper time, y, RopeFl
megWnsbe emgisyedt 10. aeeemplsA tie, og4eeL
No @EezaHsty viii complaip7that tiiRi Cea4sdeY-.
ate Congress has imposeda tax upon us; TINS
wassQ obviously proper that alrBil admit thai
it was right. But here ssOme complaint in the
country that the. government has not pRyieed
thisIaeaRs fgx Kissing she mooney to pay the taN,
or that its fnaHcial policy detective in fms
particular =
It's policy may NOT he perfect it msy not be
the hest that could haVe been adopted; but pres
cnt defects may yt be- reBledipt- The disc6h-
ntlsn snfinefv wei Fjtuded, since The re-
quisite contributions 70 the government must
come from the private resources Of Che pcoplr-
from their industry and energy. The most the
CoVorupent can.dois 10 tfc5ura7e anr.stimulsEs
indnstr7sf ~ITTfsuits by salutary laws; it cannQt
furnish the money, nor San il. make money
aoun&aH4 when ii is nG in the country. jSot
The money is in the country. and the money
holders cen do more toward supplying a cire1-
ltngEs1iRm t6an IAo- 1ayef5Tleut en- DO.
Money was certainly very sbandantiP+He SQgtH-
before this war commercial 0rT staple cun-'
modites foaud ready and printable market, and.
industry ~ evsEyss h8Re Sieldea sabnpbipt IL
turns. BuspeTfytRnd Ttentv EbortpdNttbE~pElR
outtha lHHgb What, 1heni has beeohS OF I'D
MONEY! TiE'3hsRtf muvt b. th2t ID IS Sdil
here 6rhy FIR thc great'T part Of itlSH we lzav
% has Rot heen SEM ell ~ StRF. considerable OK
tent. -IfBt stifi il hss aEappssrd; il hss ,Bs,aI
withdrawn from rs usnal channels lf .circhls-
ton. and why Isl soE Nanifcstly Il IL becRuSe
confidence in creait has, boc1 TeTelyzra.
Moneyea institutions ind noneY holders seem
10 have e~6uclpdsd h5t inonsY capnot n0w BE-
safely put into circBlatian, although he Tval
haSsoE Ersdhis RS aeSanF8f: si@ ms EdTfE
is bnt tem1PoreFE g95Pe2ge9 feFhSPs a few
the love Of It, or for the ignobie purpose, Of onz
RIDING sA@hsclvesf from The ealanfite& of0th1ts'
It'll hoped, however, thatvhnt feEy 4re aetuatcd
by such usseAS hefiRes. A%1Et
Wecannot, with certainty, arrive a. the az
tua.aHiHlpt af speeis in she Enfederzte Stakes.
bur b fSBchevcd to BE not less hah'eighfy ard
probably not more than a hundred mIlious OF
dollars. The most Of this is in the banks, and
if itBtobe locked up Then it Is useless both 10
the g~oyeInwe9t and The people, Hoy s tlqs
vast capital To be made available md uscfui in
aiding the .g~ogesnmeht} The first step is the
suSpenSionoft The banks Perhaps most Of them
have already adopted this manifcstly Uisepolicy,
and those which have. not must do 50, rsn& the
several States in which they are located m5lst
legalze the suspension. BUt suspension alone
wih- do butiittle expansion OF circulation IS
equally Necessary. Suspensions under such cir
cumsiauces will depreciate tbe-Yalne Of their
reieemsble in specie. Hhe= specie thea IN the
country will constitute abasis for q, sound CIR
culating medium IF between two and three
hundred millions Of dollars. 10 tiiiseNtcnt may
the banks safely 90: for II is perfectly certain
that Ni1en peace is restored business Of al de
scriPg9ns VIII mmed2glyFEEesFH the 9apks
wifpot kEca7kfp "a ff sl.4cFs-f 10 gbv eohsiieFa-
BILE exeSIEs7 ITS @lyh a~ntripstbsps oasmo-
m"nfaTy pressure .that Tgns are made on iI'
hanks, but noverF4enf oht s Jtst passed.
fRT= Il g. supposed, Chen. that two hdadTef
IailionssSlfb be neqhried robe paid Ia lakes an
HtAf1eTrX on Tbe vaI perhaps i may .ru-
uUlf, AGEuicrSum.stl the mOncyi erTts HqUy-
abnt-ss r Vircu5sting H~ps55Tz1F is insho coruuF
BIt IN the absence OF shy maTket Tor the 1ro-
,Urx Of the country, how are The people to Faise
81 tepay their taSes, and for the pnTchase of the
ucccssaries oflii"7 As o reucralu rule good credit
aGi g r-epgrrratve interest sill open the money
feults,-and - the government Hust dePeIEi
Upon che people f6~iS resources, isis deeply iu-
terested in sustaining their credit, especially the
credit Of the planting GLASSES. but q sense of
patrioisrn EifA also have lis l8huenee and or
crate asrthet HostspoNeEa 5neiszaent mathis
crisis. Every one must see aud feel that &
struggle is coifgaOh 81 the Success Of which Is
involved HUr only his political liberty, bat his
rights Of property ALSO tbs Warts forthofghE
81 fhe people. and lis buTthtns must lie boIffr Nv
them. If We fail, we shall cease 20 beasirep
people. and ouT property, under one RTCt@1 o.
other, viii hetaken from rs. Perhaps we shah
be robled Of the whole Of II, but at least we
shalLhG fnEcaa 10 pay the amount that cur We
tors may expena m sUkueafhFaHS.
Ne must keep dae imPetgns tEgsh- before us
that our sltis sfaked On srhe issue; itisiuaN4r
n EhiehE must succeed, cost what il mlaJ.
Every 6ni IS, therefore, deeply ana personally
interested in the result. Tho man who hiss
money is personally interested IN lending i To-
his neighber On good HSmafesccnrity. H To-
cfives not only the interest, but he derives an
additional hene6t from thraldjt -glycs the goa.
eTaHehs; aAdEe Is, n6H0vef, ; patriotic rs &C
il. The banks are vitality interested IN aiding the
people to support the government, as their very
existence depends on ON success. II wc fad 1.-the
specie in the vaults win be the Hlost coveted Oh
idct Of the TieterS sfnAfdW suchp poAityefeE
itOTs mGst fUTteaT Tor q time by c0mm0u con-
sent. They must neis Cannot, expect the'r
debtors to fulfill engagements made under p
prospeuQRsr condition of thesresGaTcfs of-tho,
country. And the people Of all classes, and II
all vOcations, must be. content with a stationary
condition. 1t is no EhTe to 81 c%zfcting Grsfn a-
geet peeaniary gar lgm anE srsicie Of sanc
We Hdfxt I'll feeffhstn : now our hiChcst3tllE
10 sH sH3Elstain each sdseE>
Bnt drculatlhg meIiuTh pust pf5s
Sity great exceedt the anQunt = be conf 5Asa
10 shsu5HOTt OF The government. the sF1
may b nzmented4o an amount suficicm
presSM Messary phrp6se BY peJns Of
81 thsaa9htry. To this md lrttla ~goyGaHrnj
nuy tk=9 tton cpopr eF--'Frh pFoporroR
be tkdraht necessary, say II zen cIftS=Brr
pO~unaS~ying FOR d IN Trashy n0tessyiNh
weRldeeHlpfe the more -Fraaiy ha5nS MgdIH
payRientyOf nssrtiele- Hlich would ubsnateixl
insure their redemption. When ii market shah
be opeueds sSan seilt BIS cotton
readily, and being 50 large q holiier may 80
some extent, cOntTui the InHrkrf and realize Il
pyoff on is parrhase. But suppoSc there shguidl
he some loss on II, who would ultimately sus-
taia thst 3oss3 The taz-FsyVrs, of coInSg rs
the deficiency would be1nade np by the txing
powsTof fbe goygrnmant.1 This scans tobt a.
hateeana Simple pkA4 10 EoEfpitGteN lHdChAllFF
WIKI he feqgS5ts in its Accomplishment. The
governments ejn establish agencies IN any eiFy
OF port ia-which cotton Is sent fr shipment and
the commission 9erehaak - whqBsthe cotton is
sent, can sell TO the goyeTnmrnt, Instead Of 10
indyiduhls. Or II the government should not
Hkerto accumulate 80 large q quantity.n q sea-
port, agencies may be established st suitable
points throughout Tue Country and tie cost 10
ne S~0frrnmtni cannot greatly exceed The COM
nESsDR paid bvindividusl purchasers
1hs P5Grhsse og-jHq cotton IN tbs way &cl-l
afRlY far better lot d.a piantfr fsaR tee produce
loanss rssssla I'd. be-Pnd ia CoufaleIat1 bonds, /
wBftirsTe mn hB3fv 10 becOint = circllt6ng NIX
ILL., a itjs eYeH letter fqEfte gpgeTuneRt ]
Neiaher tie planter. -Bsr the government can
derireeuay pFes9r beaeft f-Olh-tHe logH SYSTEM
itsrfee' must Be to create a dead capital. Tue
Coyerpment eannotselifAe asitoi if fhe block
abe o~antinlgss moi. eaa lryrats bef0rrored on II
and brought into the Country; nor can ihe
piagsE Rse asRoney1h bends slltCA hGTee irask
i iDr, y 3 Ms t i5s ses a sS,i gif - g5ib s5 sgsp sa5
profitable lat ne s6anty is nof geHeranJ IN a
cdnfsya 20 aFl0G % stch i~nfesunepfs. The
pl6ntefs, or BY far thc greater RaTt Of Hlemr want
actsAaEssns-Fhey, are not INA s~ingstiOn bgl
pszeffA n vapHsf ms dorpFgntc condition Theft
naSE ugedhbsr5fTfT kWtF, ~ his JosR.l