Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1862-11-21
Currencr .nd EIn.nec..

Currency and Finances,
The Raleigh register ecndenses $ large Imoant Of
connol sense Ia th following sentences:
Jus, as sure as We succsed in establishing Cd posi-
hon as a free and INDEPENDENT natiou, Just 50 > rely
vii every Obligation incurred 10 the AAAinmentt6 this
great end De redeemed II, on the otnr hand fail
what, We should iks 70 knoG, Ill Be As Vao6 any
: Sac Bark money, or any otbSr description q Esrg
10 the safes noHocm sosipg hgoe1ED1u113H No en-
copper THIS continued uSpatagenent Of the CorfedsF-
ate currency-!his apprehension that II viii become az
worthless As Continental morey, IL calculated to have
no other effect than to bring disaster upon our cSuOs,
ard the loss OF all our property, If not BY corhscstion
outright, by the somewhat slower, bat not lees certain
process Of the mes. grinding TAXATION. Should the
South be conquered, her ciIisenS Uil be taxed for the
payment Ct tee enormous dGbs incurred By tie North
n TIE war Hsged for our Allegation, as yell ~ for
pigment Of the large debt incurred By US in the i'm
potent effort to achieve our independence. These are
un ieniabls facts, and Il does seem to u NOS, extraordi
nary that men vii not see that the s1rest vay 70 held
cur property, as vel as to secure our liberty, Is to
maintain in cur dealings the credit Of the Confederate
GoYernmelt, aud that the surest way Of Bringing about
the Esl OF beth Is to ~disPGrage that credit.
This IS sound and true, and il presents q solution Of
the question that psrpleIes the minds of May persons
with surplus funds on hAad-vhAt Is the hes and safes.
investment The answer, beyond all dispute or doubt,
Is en- Investment ia the caus-sn inv. s:msn that will
AN ~ h4H H-OfAG ~ AoaA
struggle for Independence for With this secured al uil
be saved, Vailo With ths lost all ill Be Lest. At present
the most effective MODE Of aiding the Government is to
purchase its bouds, for this enA6las it to keep in iurds
without that reiundAn, ssus of r,essury notes uhca
produces depreciation in value aud corresponding in
futon in prices, to the great embarrassment Of the Gov
eramsnl the detrimsa CT The cause, and the injury sn6
dis:Eess OF the peop'e. The beusf: TO the party invest.
ing Is a5t the eight per cent interest he receives;
second, the tHSt produced on prices in keeping them
from ruinous iraIton; and third, the additional
strength giye1 70 the Government to Eards enabling Il
the more speedily and the more certainly 70 brig tie
contes: 70 q successful cancellation.
general investment in Government bordi would
have such practical good sHseu, tha, us can bus wonder
that there should be doubt or delay on the part o. any
ubo have SurPlss money. A niS.ske vas committed il
the outset BY not IMPOSING the hssTios: tar the people
we're able 70 bear, for this soulI have put the Govern
meat n~eASurbly in fund, and would have ~prevSutsd
The necessity for the over issue Of Treasury notes from
Which, mainly, has come the enormous Iavarcs 10 prices
rne consequence IS that the oiiE N hAs nos to pay OF
seeoun; Of thee eLhGresd prices greatly more than be
would then fave pGd IS . tax. Bat the Government
ges no beneh. ION this heavy d'AaEht on bis purse
o. the contrary, he Government; itself u the hrSes;
sUf ,rer by the II d,.On Of prices. Tas e.t'1,r, then
spends a ArEs portion of hs ine3ms because Of the Va,
but no. 10 aid Of i;s Prosecution. Il be had been taxed
half AZ much By Congreos s. be is nov taxed BY high
prices, thoS prices would have been kept down, and
the indeo.ednCss Of the G)'ersnsas you'd have beer
vls;ly less than i. il aud mus, be. Asit L. be not only
pays more money aOs thla he would have bad under
a FroPer systs1 10 contribute 6y ~tIlion, but be vil
have il all 20 pay over AgGil when ue come to redeem
the public deb, adebt dosbly ~ large a. it would have
been but for the III I:iOn OF prices consequent upon the
failure - resort 70 TAXATION.
We see no n:ker remedy for the er,orI Of the pss,-
no other barrier TO sill greater mischisfs in the future,
than 10 oh'cNUOy the unlimited issues Of the Treasury,
BY turning over to the ue Of the Government these
isIues roV in the hands Of the people. This ma, b.
done BY the Vo!gutlrV investments Of mOsey HOLDER
but if no, so done, -csor. must b. had 10 the compul
sorry system proposed BY the Committee of Ways ard
Means Of the las. Congress, or to some otser plan BY
uhish the same ends gIl be attained. The matter is Of
vital importance, second only to the success Of our ar
mics in the fAi, ard Intimately connected sith that sue
cess. L. is a. up trioi IL in the people to veaE-n the
financial strength Of he Go'ernmen, g it would be to
sedueo soldiers from service. L. is 81 much their duty
TO uphold the cr,dt a, 70 sustain the armies of the Con.
fedsr4cy-an5, il both cases, uhlii is daty Is also inter-
est They are blisd who do nos perceive t.
Taeories, 61e-spua and lOaS Uindei speeches. and In
geuiOuI devices . pay viihOu: paying, are only eaci
lated to amlss meu sao Uish TO establish the reputation
Of fla1eiers. Such agencies do no, pay debas-thsy
only .Pos:pOae, sRd by pos;Pouing, duplicate them. lie:
the people DO taught hos TO face tie music, rather than
skulk from Inevitable hardship. Ii. Us hsVs a system