Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1861-10-31
The seGu.ssra.tOn Act.

he exultation of the New York papers over a few
seizures Of vessels partly owned by citizens of the Con
ederate States, and OF small balances to the credit of
people in Northern banks and stock associations
ut attestation of the barbarsm and brutality of the
Northern race. The property thus appropriated came
under the control OF that people in time of peace 1t
was entrusted to their faith and their appropriation Of
It is OF the most atrocous acts Of dishonesty and
vlainy which the history of modern warfare presents
There is civilized government nation, now exist
ing IN the world, which would not consider itself dis
graced by such act Fortunately however, no such
wrongs be committed without remedy-no such
crimes against humanity, justice and good faith be
perpetrated without ample punishment the guilty
and a compensation to the injured.
l. he Congress OF the Confederate States has wisely
anticipated such barbarous resort the part of the
Lincoln desp0tism. Abhorring and wisely dscounte-
nancDg all resorts to the old barbarsm of confscation
of the private property of citizens during public war;
Congress would Only consent to pass act in realia
t0n for the conscation of the property of citizens
by the enemy and for the sole purpose of compensating
those who have suffered by such vandalism. 1t is not
proposed, it contemplated to apply such
property to the of the Government. The fund to
be created out OF the sales OF eEemys property is to
constitute trust fund for the relief Of citizens
who may suffer By the ehemys confscation. For
tunately, it is ample for this purpose. Every
| citizen who suffers a loss by the Invasion Of
country by the seizure Of property will be amply
compensated The amount OF Mort 90 properly sub
ect to stquestFation In the South is immense The
ultant enemy will open wide bis eyes, and sing quite
different tune when he behods the exhibit of this pro-
perty. In this city alone, the Receiver will take into
possession three millions of bank stock, all worth dollar
for dollar and which, if held until peace, will command
large premiums. The debts due by solvent merchants
and other debtors will make several millions whilst
real estate owned by Northern residents in this city will
amount to nearly ten millions. Thus shall have
fund OF over twelve millions to compensate all the losses
and damage which the Yankees may ufict upon our
people during tie
The distinction lately made by Seward between pro-
perty employed in the support and prosecution OF the
and that which is not, is not recognized In the
Confederate States We consider all the property and
all the lives OF citizens pledged tor the prosecution
of this All are alike subject to the pains and pen
ates Of the Lincoln DEGREES Indeed those whose pro-
perty is seized and appropriated by the eemy may be
considered of the privileged class the Confederate
authorities will not chatter about the compensation, but
will take care that it be made the liberal scale
They will enjoy, too, the satisfaction OF being paid out
of Lincoln funds they will possess written and record
evidence to transmit to their poserty of their fidelity
| to the cause of Southern independence
| N o. Com, Bulletin.