New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-10-18


Thus, there would be eightY-ssver, millions of
unemployed national circulation to employ. ne
lst. The representative of money REQUIRED by the
Government for the prosecution ofthe war.
~, The amount of an advance to planters as
Shove estimated at $50, QUO, 600, and secured by
garpered cropa, q lien on property, etc. s
sd. The fand, wherewith to nay the Government
for property sold at the South for the
benefit cf its citizens whose property shall have
been c0niseated at the North. #g s
9Th, The circulating medium which will be re
CURED for thirteen Confederate States prestlning
kenencky aud Missouri among the number.
n has been shown In the Cfescent's money arti.
ele oi ING I4th September that by the war tax the
aoyernment, ~ the expiration Of the war can fund
lts debt Of one hundred millions Of treasury notes
And pay on the same with interest Ia a few years
and have asurplas In the treasury. If The war be-
prolonged, andj ne national debt be augmented
beyond TWO hundred millions ;of dollars. an in
crease OF the war tax would be required and il
would be cheerfully responded Ito bY the peopIe. !
The intrinsic worth Of the Confederate treasury
notes being 30 palpably evident patriotism and
and the people will render it the duty Of an and
especial of those conducting monetary institn!
lions TO exert every honorable effort to bring into
bold relief the security presented by the
Southern Gcnfederacy treasury notes Ell VS. ~
And AZ the Confederate treasury notes can
answ every purpose of circulation and are based
on sueh reliable security for their redemption as
Wlli cnaaenge the admiration of the world 1t ii oil
4,atshouhp potfanGe that until there be q eesSa.
tlon 81 hostites, bank note circulation be not
ailowed 70 enter into competition with them. For
4 ls Well stahlished principle that two circula
cannon pc co-existent without an appreciation
q one and appreciation of the other and ii bank
neses ne permitted to circulate and shall command
from adyentitious or other causes q nreference
treasury notes. the latter aitfiosiaI ntrif
scally oI superior value TO the former. yet w;ii
saifer such depression as might tend q ieonarza
seriously the prosecution Of the war Ia Sgb;eb
are engaged. The Confederate treasnrv totss Gr
nsllatang Alone their amount would not be- redrn.
liant. they would be sought after with ayilitys M
as fagorab bly, considered as coin the nofes isst,a
Tor the purposes oil the Government being bassd
on tefEene wealth, Temporarily latent, but which
Undue time wilIreward the labor of the shusbapS
men, and the notes emitted for the benefit OF agyi
4 Dulturists, seetred by a wealth of $250O0al6nO
aiready eriseerated from the earth.
1t Il OF vital importanee to the whole Of The Con
afederaey that the most considerable acfion be ob
served in New Orleans ia everything relating /,
orr national currency and it wise counses in the
regard prevail here, they will be appreciated
throughout the South, whilst, on the other hand,
tEom precipitation cWpidity, or any other cause
fhey suffer depression in this city, they viii be re
gafded With distrust everywhere, to the. NANTES
INJURY OF the whele Sogtherti Eonfederacy. There
Will doubtless arise contradictions and delays ii
alrnlshng the repaired amount of treasury notes
put u y hoped snch contradictions and delays viii
pe s0en sufnopnted, and that, in the meanwhile
our patriotic people willmake due allowances and
not desire, even temporarily, a resort to bank
notes ~ substitute fir the treasury notes until
the latter cgn be provided " &c ti'est que Se pre-
pas qlti coae, and bank notes. ii issued at