Arkansas true Democrat., 1861-11-07

of Secondly The war tax levied by the convention necessity Arkansas has Is likely to ave unless disaster should overakc the Confederate flag.
 expense incurred provided by taxation to be paid by that government finally recommend therefore, that the ordinance evyng the supplemental tax for the present year. and that for the 1862 be epeaed reinstang the ola law upon that su from which will be obtained deay the expenses and uie the interest accrung upon the war bonds issued including that be necessary to emit Tn tule
 For assume the will incur of the existing war still being made but that is covered by the late act Confederate Congress
 The above recommendations adopted tl Confederate tax ony provided mode other than collecting directly from the people, Section twenty four of the act ot the Confederate Congress eyyng the war x Il M amy s'a,u uo s % % Confederate States in specie the taxes assessed against the 2l- duty of the secretary of the treasury notify
 collectors such state and thereupon their authority and duty under this acts shall cease.'
 This is easily done by cretng the Confederate government with assessed in Arkansas, less provided av ing balance for moneys expended for military
 that be passed authorizing the authorities of Arkansas Confederate this thereby making clear the people, of the ten cnt equal to sixty thousand dollars.
 The balance still due from the Confederate government to Arkansas bonds be retained the he horeon being the eight cent annum would suffice masureaby uae the interest accung upon our war bonds unless unexpected eXgenes require her disbursement o military or other purposes of the government
 With this fund on hand think there be risk reducing the taxation one-sXth of cent as Ae by the act The redemption of the bonds, wou upon first blush be desirable for the that the interest paid upon them is moth upon the treasury.
 
 of circulating medium be provided by the state We are without banksPor boekaied-commerce stopped the precious metals sunk deep the vaults ot o paper temporarily supplied meet the daily acung necessities of the people
 caed absolutely impossible that the accomplished fnancern keep them below par any length of time A mil millions public anlsbearng eight cent neesayabe coin annua-to doubted cried down, pecuated upon by own people, the honor property whom, being and protected by issuance hard to believe it explain The collection of the will absorb them twelve The first of January will them premium. Capitalists will horde them and tax will compete for the privilege ot pur- suggest for these reasons they permitted until absorbed by the of public dues and the purchase Without the bonds would entered with them, the sales will be stimulated and the largely increased
 The the conveton directing the warbonds to be ssue provides whole of the millions shall be issued and sold by the treasurer; directs said bonds ereinbeo pro- vied o shall the treasury, others due the time for the same amounts bearing the interest those retulned be issued their places until the expiration of three years from pleasure the and shall bear interest
 uy Is incumbent that the whole amount of two millions shall issued and sold? think not clearly may be done Ii necessary the public wants In my view the public service will not require and surely would be bad policy to issue the bonds without necessity and sell them in market at ruinous discount
 Complaints have been rife because the military board has drawn The convention by ordinance gave the board power to draw for specie Specie drawn for long there any bonds had then to be drawn for, nothing a all.
 unaccountabe to however, that the military board could organize equip subsst coe transport and twenty regiments with hundred and yfou thousand dollars the of coin drawn for up to date.
  most men of Lbeou aduction of isauhori loaing sought for swallowed by snarng of newspaper filth, well attest thls fact
 No now, times perous surrounded people glng for bertyho has hearwhose heart with his country wl by blushng faschood and wul misrepresentation seek impair and posae the energies his government for e gra fcaion akng inward thirst for political personal vengeance
 aod and rop vauntngy threatened our beloved Pres less ayorte with some but there lacks the power to use them ~ Tine pressthe freedom of the the of bey now nsdous vehicle, for undeveoped reaone hvpocrca defender of public uscs calling lowered to the dig
 
 enlightened paotsn dire when marked by malice and 
 The creation military board by the convention have always. still regard, of supererogaon.
 and of executive dcor with the the people, restraining ntuence committee o surveillance him. would sort, be deensbe of Arkansas however, admitted the and each taken by her involving trusts the most delicate their nevertheless, found strings for solution might be the t folly those who still yeneIated and clung the shadows of the old Union.
 Contrary to all laws human divine Arkansas pre- sens anomaly having with three heads which think alike point before step be taken However this be- the convenon have authority, decreed that should be And though unmtd rebuke the incrmbenecd by majority the people, after xct ayowa his and purposes all kindred topics he has eeda strict compliance the requirements
 ordinance and given hearty cooperation to those who were set him his advisers"
 the gentlemen who have been from time to time constituted bers military board the highest motives of patriot sm coupled with eminent ability. They have with uniring zeal abored for the public goo defiant of all and persecution record will vncate and them, friends of the soldier their cauntry's cause, of God and humanity
 Assuming control in the critical period of the states history oune good counse have crowned her efforts with unrvaled Her people have enjoyed every immunity Internal tranquility freedom ot thought action and has been less than that incurred by other states she has, proportion to popuaon larger force Tn