Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1862-10-06


nav win all make the desired contribution chteruily
and prouptly and, II Il shall become necessary 10 re-
ar 10 local taxation in order to enable them TO pay
thsir rsspecVe qnotas their own Legislatures will know
batter than yourselves in what mcda 1t will be bsst TO
snIoros this tar 80 as 10 rase tie needed amount with.
out unduly hurdening class Of their population
Our cotton and tobacco II udicouslg employed, viii a.
ford tass Of public credit such no other country
ever yet possessed. AL that We have to DO %
20 purehAse al Of these commodities now In pr
vate hande so far % this shall be found practicable,
With the notes and bonds Of the Confederate &C.
yernmsnk UPON Which a credit can be at once
raised In Europe far eIcsedipg the whole amount OF cur
present national debt. Lat u, pray you, make no
more eight per cent. bonds Sx per cent Is As muoa
in.eres, as 70 can afford 10 pay. Bonds having 20
years to run, and bearing six pr cent, convertible ct
the pleasure Of the holder, into Treasury Iotes and
these last convertible into SIX per cent bonds aso a.
the pleasure Of the holder will give US financial sys-
TEN which cannot but be eminenty successful, proSdsd
90 DO HothiHg to dprseGts our present currency, and
do al zoe can 20 uphold e. Let discard at once and
forever al pan;e makers and their dangerous ccunsels.
Our currency Is a. good for all the purposes eI
pscted be attained by it any reasonable man could
desre IL TO be. AL that have to dol to stand up to
il manfully and resolutely sgainst all the magn irH1
encss united for its overthrow The great question
r. will we 90 ihiEi will we, by declining to do It, al
low cur armies in the 6sld TO suffer, commerce &c
anguish, cur agriculture to decay, and all orr
YES. resources rich and prosperous people TO DO
utterly eXnau9teQs Inero Is BC.At t1pC0l5Ht
hat resasto be resOtted to az expecioat which Jou
nave never yet tried and which, persuaded, has of
late become imperious military necessity Oar trea
sury notes must be made legal tender in payment OF
all debts whether 10 government or 70 iudyiduas "a
I'll this shall be done, shall not have shown as gov
erument proper confidence in the very currency which
We have put aaoa.. So long We delay to do it, We
daily and hourly aid in depreciatng that currency Let
the old fcRes Of the age object 70 il much the'
please let cold blooded money lenders who expect at
ter while 70 demsnd gold and siver from their dbt0rs
nduge 10 their hearts content In vulgar sccthns and
rdcue 10, oyer-echuica attorneys continue perpex
tlsr puuy minds with foolish distinctions and petty Cub
blipgs tie truth will still stand before US broadly aud
paptby tha, canno; continue 70 carry GA the pend
1g war lucccs fly without declaring 10 al the world
L,t our pcDr currency % monty and, as such,
sLal 90 osaiE,d by every human oeirg within cur
oorfnes Il was only in this way tha! Rome
spc,esdsd in defsud'rg hersalf during the second
PunIc vtF against the CsFthsgiaiAn hosta, under
be commaad 81 Hannibal Il only in this way t1At
England sustained herself against all the power of Ma
poeon for more than twenty years II Is only 10 this
sy that We can succeed in trumphing over the nisce
I,neous myrisds Who, under the bl7ners Of Lincoln,
ave come down upon Us from the North for cur sub
iueAtioa end ruin We are bouad In cheer honesty, 20
uss all IT, means which possess to uphold this cur
rsncy. We have put it sdoAt aud if fail TO sustain
il, when VIC can do SO, We COMMIT gross ard cruel
fraud upon I'll Who urdsr our persuasors have agreed
% receive Il a. money. Rds Is! G1esrt Gb hcstbE. the
Liacelu 6oYSrunent hiss already declared It's paper
sar-ency legal terdeT; 1t is this which has thus far
oven :. lie cSief value a circulating medium sAan
S no, dafs % do much in cur defence, as our enc
uies are dCrg 20. on desuuc,ioaf
But some TentlImea SE1C1c you, understand, urge
that Won bsyy no constitutional aushys..y 10 make your
Treasury rotes legal tender. They base this seo=r
.sing hypothesis upon The portion Of our Constitution
shich prohibits the s,aSs doing anything in violation q
TIE o5GG!ior II e5ntrGelG and which denies TO them
the right to mate anything but gold and silver Legal
tender in payment OF debts 4 grosser sophsm han
this has been attempted Surely, all unpr liiced
minds will discover At single glance that the denial Of
these powers the States is not denial Of similar pow
e-s 70 hs Confederate Government The truth is that
the denial oil he lover 70 the States 10 virtually
ssFon ct smiaz powers in favor OF the Confederate
Government The oay o. ct OF the prohibition was
u prevent that Co lou which it feSrel might 9TH
srE.e occur between the States and the Consdsrate
Government in q field Of jurisdiction which had been
uos paGf opened 10 the latter 10 suppose that those
VINO ruSd the Confederate Constitution intended 70
deprive Congress Of the power in question: s to suppcse
nat thew were the mort stupid and understanding body
Of Statesmen Who we're ever sSsemolsd The Consiitu-
ton was framed IN hs Daiist Of par. Il was framed
with a yeE the g)Tols and Elective prosecution y
rIr already coDmstesG. Every N smber OF the
Convention TO which We owe the Constitution Uss
bouui 20 knoE tha IN order TO esrry on the var euc
css.luly /, vould % necessary to rs,rt 10 paper
currenc, a. yet Ii IL eOu.snded By sorne sGong Us
ha. the aem6sFs OF the Convention intended &c deny 70
Congress tee poSer 20 60 that which they could not but
kros nj ht become udspeEsAbly necessary to the cup
Dor, Of thai currency. Surely IL Is not necessary 10
waste words Upon so plain po!o.
4 member Of your body vac asked q question the
other day uhs. addressing the House Of Representa-
tVea on this very subject, bis answer to which viii
here present Rs IL sals TO my own mind TO Dc worthy
Of some cUasd Tstiou; fhs QUESTION was: What
cis-ss in our Constitution auhorI Congress 10 make
gold ard silver legal tender! Tee ueeioer answered
thus ~ have no htEiison in RaynS that this power
is in my opinion, sost plainly given 10 several clauses
L. The clsue empowering Congress TO regulate COM
mercen ce.ry c'ntlias the authority in qges.ion.-
Honey Is he medium Of commsree; without which,
commerce, properly speaking as cstinEu'shed from
barter clnrot exist ~ all vInoui which II neither
De clrricd regulated Conuercs cannot be regu
lated cxc D: by regulating the instrument by which il
il conducted. This regulation Of the medium of CON-
ue.c, CARLO: be Effected without deh1ite fixing OF the
vatl, OF that medium. All the commerce nov carried
on l. carried On through the nsrumentality Of paper
money Therefore, Congress fl TIE value Of that
money snd do all things necessary 10 it COM
pete regGl .icn. 2, Congress laVDg the power 70
coin roary and fK the value thereof mast, Of
s;,y have The poEer 20 mske Tcessuy notes legal ter
DIR IN payue7t OF debts IL il be truo that Treasury
notes arc r'JnsI; ard suppcsl that ieS men can DO
found sao have Ordinary Of reasoning, who dtuo.
tbis Uld1r TIE war power, the authority 10 ques
ton must o. Lecessiy, exist How ths can be doubted
especav bv certain gentlemen here who have become
SON what famous Of late for exceedingly atitudiuous
Of tho CoDsi;u Ion in regard TO all mat
tsr5 connected sith the conducting AnG MANAGEMENT OF
tie rerdiug var, am lOEs TO conceive. Cssr is re-
soy.cd 90 bave slid, formerly @ Vs HoHSy and
sriW &c. msr; give me EsN aud will stt money" BE
vel understood Whist 10 taking about colleague
o. miae, on this occasion, who has argued warmly, Il
think not at al e9nyBonl y) against The power for which
am contenai ally called MONEY The siHscs Of
mn. Itg.ee vi Tim Moaey is empha,clly the SHOWS
Of var We'll, ST, wo have no money bat paper moaey
siA which to co05uc: the important war in Uhich Nc
a.c orzsgsi Is. hEk Of my coleagu, may We legi5
lac Il slch max az CO strengthen hs sHs5s Of wary
Az We rot bcu to lcgsle in sUeh m'nueT az AUTO
srG.Be those ssule sirewss H. Ga have ende5vorsd
o rrovs, the mixing Of our Treasury noes esal
teidr vii MAKO them more acceptable in the coln
q. srcid msrk5', EscTe valuable to these to Whem
It s % be pad; effective 10 supporting our brave