The daily Wabash express. (Terre-Haute, Ind.) 1857-1867, 1861-11-11
From the National Intelligercer
Ccu Sederate Schemes Of Finance.

Mr e. G. Memminger. the Secretary o.
the Treasury Of the Confederate States. has
published an official circular relative TO the
produce loan and the appeal Of The cotton
planters for relief Mr. Acmminger, IN the
name of the Cabinet, declines 10 grant any
reiief-either by the purchase of the cotton
crop or an advance upon its hypothecated
value. He declares that the South. being
now engaged in a gigantic war. needs money.
and no planters notes or produce, and ex
plains that what the Government requires 10
a loan from the planters. secured by Treas
ury notes, which DOW form the currency OF
the Confederate States. lHe advises the plan
| tiers to apply 10 the Banks for relief, and re-
| lief, and recommends them 70 apply them
| selves in future 10 the CIVILIZATIONS of grain
| and other products rather than 10 that of
cotton. On this point his suggestions are
| important enough 10 be quoted in full.
Let the planters Immediately take meas
ures for winter crops, to relieve the demand
| for grain and provisions. Let them proceed
TO divert part of their labor from cotton, and
make their own clothing and supplies. Then
let them apply to the great resource presen-
ted by the money capital in banks and pri
vatc hands. Let this capital como forward
and assist the agricultural interest, Heret,
fore the Banks have employed large part
| Of their capital in the purchase of Northern
exchange let them apply this portion 10
factors acceptances Of planters drafts. secur
ed BY pledge of the produce in the planters
hands. An extension of the time usually
| allow ed on these drafts would overcome most
Of tho difficulties This extension could
| safely reach the probable time of sale of the
corps, inasmuch as tho suspension of specie
payments throughout the entire Confederacs
relieres each Bank from calls for coin. The
| Banks are accustomed to manage loans o.
this character and will coDdnct the operation
with such skill as xill make them mutually
advantageous. The amount Of advan' G
,shed from the Banks would be greatly lie 5
than IL advances were offered by the Govern
mcnt. and all the abuses incIdent,l 20 Gov
eminent agencies would DO avoided.
The Boston Daily Advertiser Of Monday
tho Richmond Whig which presents re
msrkahse exhibit oil the ways and means and
probable wants OF the new Confedoracy. In
this article the Advertiser says) tho expense
of that Government for the current year are
set down a; three hundred millions. To
meet this thero are ten millions of tho eight
per cent Confederate bonds-all that cou
be issued out OF fifteen Millions there Is the
| ,roducc loan. which. the candid Richmond
editor declares. everybody cxcep, two hnan
cial enthusiasts knows 20 be failure. there
i direct tax, which NAV" yield fifteen
millions: and hundred millions Of Treasury
notes. the issue OF part Of which has already
lrivcn specie out ofcirculation. AT the yer,
best there Is deficiency Of one hundred and
seventy Eve millions 70 be provided. and no
visible means for doing this. The inquiry Z
therefore naturally addressed to Mr.. Mem
minger veat he proposes to dol