Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-09-08

well. II viii be seen that nearly thirty milhoni
have been deposited in this way; thus proving
st The same time, the confidence of the country
in the government, and the advantages OF the
plan.
It VIII also appear from the statements here
with that there have been issued about So46, ,OOl
OF notes under five dollars. These notes are In
great demand, and the issue Of them may be
extended 20 ten millions
The Issue of the large amount and various
denominations of notes has confronted US with a
difficulty which calls for the intervention Of Con
gress. 1t requires the services of enc hundred
aud tFenty-nIne clerks to perform the various
duties involved in The issue of these notes Oi
these about - are employed in signing; and II
viii be readily seen that the chief security in
tended by the signing is thus reduced to but lit
tie practical value It is difficult for any one to
bear in mind the signatures of so many different
writers; but when to this is added the changes
required by sickness, absence, and designations
it becomes impossible.
Thess emberrassments have been increased
by the efforts of our enemies to counterfeit the
notes Organized plans seem to be in operation
for introducing counterfeits among US by means
Of prisoners ard treitors and printed adver-
tisements have been found, stating that the
counterfeit sotes, in any quantity, viii be for
warded by mall from Chesnut street in Phila-
dephia 10 the order of any purchaser.
Under these circumstances, it will be nscss-
sary to change many of the plates and make
new issues The change would be more COM
plete by dispensing with the variety of sigma
lures, which arc attached to the other notes. l
am informed by the engravers that the signatures
of the register and Treasurer might be engraved
in fac siwac and printed, and that By stamping
an elaborate engraving in colors on the back of
the note. the security against eOuntn-feits 1Ould
be greater than it is st present. The expense
of the issue would be diminished by dispensing
with the numerous signing clerks, and its more
prompt execution would be secured. Ia order
to make the change, the authority Of Congress
is necessary. Tho laws against cOsnterfeiting,
if net already sufficient, must be made TO enl-
brace these notes. In this connection, too, it is
proper to bring to the notice Of Congress that
the penalties Of the law, while they apply to
any person found in possession of counterfeit
bank notes, with intent to utter them, DO not
seem to embrace notes which are completely
filed up and ready for circulation
The situation OF the country made it adviss-
bic to remove the printing aud engraving estsb
liShments ffom Richmond, shortly after the last
adjournment Of Congress The distance from
tha seat of government st which so delicate q
business must now be conducted, involves the
necessity Of greater expense aud Of greater
ability and higher character than these Of ordi-
nary clerks, in those who must superintend.
would. therefore, respectfully suggest that this
department be made a separate bureau, and
that a chief clerk, with an appropriate salary,
be charged with the superintendent of its busi-
ness st Columbia.
The war tax has been paid by the several
States as follows