Natchitoches union. [volume] ([Natchitoches, La.]) 1859-1864, 1861-11-07

doubted currency, as q medium of On
change in the business transactions 0
out Parish, and finally, that it shouls
acquire even in the neighboring Pa
Fishes, natural circulation, ON &C
count, of the great warrant Of sinai
change, this association shou ldn eces
sarily offer, real and solid guarantees
fully secured against any probable
disaster And this is precisely the in
tention of this associa tion as explai
ned and illustrated as follows
A holder Of cotton deposits in the en-
'rpot Of the association 25 or so bales
OF cotton, or such amount az may be
fixed by the regulation. The cotton
is appraised, insured at the expense OF
the PROPRIETOR, aud the half of it's value
issued to him in bank notes Of the az.
sociation. The notes shall, as we have
already said, be Of the denomination
Of y, 3, 4 and dollars, which will
l'tsare these an easy circutati,n, espe-
eia ly, Mt the present time waen small
change IL SO scsroe.
These notes will repose on basis
Which will offer sufficient gaarsptees
te every body. As species of hy.
potheeacy bons, they will have real
value. .lIlasmuch as they will be guaran.
teed by double their value, and that
too, on merchandise stored and insured
as long as the war lasts, this paper
money will assist every one In his
small daily transactions. When peace
comes, the cotton will be sold, and tile
notes withdrawn from circulation by
the reimbursement Of the money. We
strongly doub, whether any paper mo
ney can be produced reposing Oh bet
ter guarantees, and espeeiaIly%wl,en
only an amount strictly necessary for
the Indispensable want of life, shall he
issued.
Ii now remains to present to our rea.
ders briefly, the happy consequences
and the fruitful result of the success
Of such an association.
v
VIZ said, at the beginning of this
article that the moment, had arrived,
n which the circulation of money
Was about to be ended every reflect.
aig man has become Convinced with
is, that coined money is about disap.
,earing, and that the sources Of credit
sre about being exhausted. To seek
! remedy for this evil is then a happy
dea aud already many planters and
nsrchants Of Natchituchos, have t,isen
he matter under serious consideration.
- create then a parish association,
'eld together by the bond of mutual
interest, is work, not only useful,
'ut at this time Indispensable.
The creation of notes, having so pal.
able and solid basis, would reesta.
'llsl part of this credit aud give
ree course to our parish transactions
he want of small change would II,
niger be felt, and the speculators in
olned money, seeing1all their calcula.
ions annlhilated, would soon be under
'e imperious necessity Of returning to
he general circulation the unproduc-
W specie remaining on their hands
'esides all this, small accounts would
ep aid the workman would find work.
nd a bulwark would be raised against
ne invasion Of monetary crisis, which
yould otherwise invade us and in
rease the circle of ruin.
Other parishes would not be slow
} follow our example, the network of
redit would soon extend all over
ouisiana, ana the wolf dogs of usury
nd stock jobbing would be conquered
y the powerful weapon of the associ-
lion.
The usual length of newspaper
t Gle ~ too confined, to coaopletely de-
:I"p all the fruitful, and real advan-
'ges oi an association of this nature,
'teii'gentfy and honoraby organjz"d.
ut III g'v'ng t, the pubic ii sumrA
OF this project, We hope that it will
nd an echo from all refectiug men
ho are honestly devoted to the good
the country.
We shall notice the subject again
-he Cincinnati Enquirer Of the 10th
stant says the Democray have made,
the recent elections in some thrice
onnties in Pennsylvania, gain Of Al,
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