American citizen. [volume] (Canton, Miss.) 1851-1863, 1861-09-14
confederate treasury Notes.

sues Of the Confederate treasury hoses.
There is no earthly reason why these
notes should rot circulate as freely IN the
community, and command as implicit
confidence, as those ema mating from our
most favored banking institutions. They
are put forth BY a Government which has
in almost every battle field ,indicated IT'S
self-sustaining ability, and demonstrated
the vigor. the wealth. and the boundless
resources Of the States which constitute
it. Does any citizen Of the South harbor
the faintest misgising of the power Of the
Confederate Government to combat sue
cessfully with and to overcome its ere
mics Is there any man amongst us so
afflicted By constitutional timidity as to
doubt the attainment Of cur independence?
Have we not already astonished eHlight-
ened nations, and amazed and alarmed
our foes, by the exhibition of strength,
unanimity Of sentiment, unshrinking de-
votion, and patriotic feeling Of selfsacri-
fee, which challenges parallel in the
history of other countries? Have BOT
our repeated triumphs proved even to
the most skeptical that we are entirely
capable Of maintaining that freedom and
independence to defend which the South
ern people are now in arms? That all
this is true, no citizen of the Confederate
States can nossibiv deuv
Why, then. should we hesitate to re-
ceive the obligations OF our Government
at their par value? To discredit them
would be not merely unpatriotic and un-
Just, but impoIitic to the last degree.
Such course would be equivalent to a
tacit manifestation of distrust. II we seek
to establish disFaraging difference be-
tween the issues Of the Government and
those Of the banks. we are questioning
either the good faith or the stability of the
! former; and We would thus be furnishing
our enemies with plausible argument
against us--since they would naturally
urge this reluctance TO accept the obIiga-
lions Of our Government as plain con-
fession of our weakness and want Of CEN
fdence in the future. Besides, the inter
ests of the Confederate Government and
of the people Of the South are identical
and indissoluble. 1t is impossible TO
separate them. We stand or fall together.
L is as palpably our duty to aid to our
utmost in maintaining the credit and sup
porting the currency of the Government
as in furnishing food and clothing and
comforts to our own families. Any other
mode Of proceeding would be fatal to our
triumph. BY standing up like true
hearted patriots to the noble AdEinistra-
ton which is now e-1erting all its ener-
gies, its wisdon, its ststesmanship and
/ its valor in behalf of the COME deTacy; by
striving earnestly and increasingly to in
vigorate and encourage it; by habitually
cherishing entire confidence in its plans
and purposes, and endeaYoring to inspire
it in others, we shall be acting the part OF
good citizens, and We shall unfailiDgly
have our reward in the achievement oil
oar Independence. The Governments is
sues are redeemable in two years, or
convertible at pleasure, in sums reaching
or exceeding fifty dollars, into Confeder-
ate bonds. which bear eight per cent. in.
/ terest per anuum. In any aspect of the
case, therefore, this representative oil
value is perfectly safe. and that it is SO
considered is evidenced by the fact that
/ throughout the States of the Confederacy
/ Treasury notes are everywhere received
and disbursed in payment of debts, or oil
/ purchases. The writer of this has quite
lately seen them freely taken in a neigh
boring State.
The objection that the banks of cur
city are eonstitutionalIy inhibited from re-
ceiving these notes on deposit, or in liqui-
dation of debts due them. has. We think.
been successfully disposed of by commu-
nieations in the Delta. But leaving this
moot point for subsequent consideration.
and for the concerted action of cur mon
eyed institutions, which are no doubt an
/ mated by the best intentions, and anx-
ioas to employ their legitimate inaaence
in fostering the credit of our Government.
We may properly demand of the mercan-
tile community such an authoritative ex-
I preston of sentiment as would place this
particular description of currency beyond
] all danger. of depreciation. This may be
{. accomplished il. one of two ways: either
a public meeting of the business men oil
New Orleans should be cnvoked. al
which resolutions should be adopted
i pledsing all persons present to accept
4 Treasury notes at par; or a committee OIL
mercantile gentlemen should be organized
for the purpose of visiting the leading
! commercial houses in the city. and obtain.
I ing their signatures to similar resolutions
This sutrcestion has been made in one n