The Chattanooga Daily Rebel. [volume] (Chattanooga, Tenn.) 1862-1864, 1862-10-02
TIL, DAILY REBE Z.
CHATTANOOGA:
THURSDAY MORNING, OCT. 2, 1862.
: cosFEDERATE movr4.


debts. These Treasury notes haF e become
the circulating medinm of the country to a.
great extent. aud upon their free circulation
and the confidence which the people have in
them depends the ability of the Government
70 carry me war. Il therefore follows that
Whoever attempts to discredit these notes, by
Al mears whatever, and especially by re
fus.ng 10 receive them. becomes an enemy Of
the country. and is giving aid and assistance
to those who are attempting to snbjugate us.
It is too plain to need argument, that flour
currency becomes worthless in the estimation
of our own people, aud is refused by them.
that we will have means Of paying .ur sol-
oilers and of purchasing things necessary for
the army. Ii is for these reas~ - that man
who refuses Confederate money should be re
gsrded as apublic enemy. and treated accord
ingly. There are several ways in which Con.
iederate money may be discredited besides
openly refusing to take it. The mar who asks
. higher p ice IN Confederate money for what
he has TO sell Than be does in gold Or the
issues Of the various baiks Of the country. is
discrediting il to that extent. Anything which
shows ant OF confidence in the money is
discredi,ing it. The ability OF our Govern
ment to redeem these notes is evidenl to any
ono al alf acqnainted with the resources cf the
Confederate, States All the property In the
South Is bound for the redemption of these
notes. The debt of our Government mp to
he lst of Janua y, 1863. will be $3.50 ,s23. AS
Y: corrse the amount Of our debt will he
in proportion 10 the duration of the war bur
whilst our debi S increasing tina, Of our enemy
is Increasing i :. three fold ratio Their debl
now amounts ;J-not less than fifteen iHdred
ms.as oil dollars, All wiz increase faster
hereafter, because they have called outa much'
larger force than they had Formerly The M
terest uro, ~ debI now is not less than one
{ hundred all hvemillions per ala.uni, whilst
hisc interest upon oprsdebi, al eight per cent
stould only be forty n1lIfssps per annl4a The
tribute W.,'ch the South P1id 70 ihHI Morrill,
ese.y year, -.ll:.lcr the former State Of affairs
was iour or Fl Re times as much As he interest
upon onr present pubhc debt is No have
not tic STATISTICS before us. We prefer u under
rather than over estimate the amount. Suffice
Ill TO say. that during the cop,ipa3ncqot the
sid tl.ion the EolEt paid 10 tie = ostls every
year several hundred millions 81 dollars a.
sril5utc money. Ihc al,iiisy q 4.e ls.ulh Is
pay their debt. compared viii iliat Of The
NSotlh is Illustrated hy the fact sIiat in 500
ne ynlr5 Of brcssdst,tfs which IS llle main ar
ticlS<of export from the Nerthelll States. e1-
por,eSf> from the Unite! States MAS only S2s.
590AeQsS hist the exp6rt pf COTTON alone froiIa
the sonihaSn Stats Was not less tl.siti $780,
100000 10 Any nothing Of sugar. rice tobacco
and otler .tiiiigs. Tlese figures show the
relative ability oi5he two countries to pa,
tiiair deli.s. and the relative value of the
1rfasufy notes issued BY the two govern
meits The war .wercNtlo to cease. three.
cotton crops worHi pay iheNeholc debt Of the
Southern States.
There IL only one point of View Iih which
our money become worthless and thai i ia
the evenI OF our snbjugatio But w do not
permit ourselves to consider this a. an event
at all to be Thought of in our calculations
But even in that case Confederate lnons,x
would he worth as much as anything else. All
our property is con6scated ny fIie act Of the
Lincoln Congress and of course in the event
isof our sr,,jugation. whether NE have Confed
eiala treasury notes gold. Negro es. or other
species Of property. il will all amount to the
same thing all will be OF no value to u.s.
some rosy flltfer theinl elves that they are III
no danser--that they have never" ingited. set
on ic5.;. assisted or engaged in any rebellion.
h4ve-never given aid or comfort thereto" and
that therefore their property will not be con-
fscaied, aud on that account theyfethse Cont
federate money. Such men as these; if there
be any among u.s. more enemi4s to rs
than the Yankees themselves because. whilst
they vii eniey TIE senefas d our REVOLUTION,
II We are successful, tley arc subject to .ns
Of The dangers and hazards to pessen and
property which theirne men OF the country
incnr. There arg various means Of SinpairiDg
our rETeics ID which We intend TO talI attenlE
ton in future. tn very important that ell
circulating medium should be reduced. since
an e1cess serves to derange our CURRENCY. and
gives 24pretext 10 some evil disposed persons
20 ijScredit our money. In our opinion Con
federate money is better than any other ".
have, and is TAR preferable to the Treasury
snotes of the Lincoln Government. because. il
no event. whether tkey are successful or not
can they ever be able to pay even the interea
upon their Immense aud increasing debt
--,, -A-------., - =
S6- We learn that mehs are going over in,t
Middle Tennessee and Kentucky. to buy up fGl
purposes Of speculation. such articlesas wheat
-four, horses, mules. bacon, hogs. and article,