New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-03-01
TREAsURY NOTES AT THE SOUTH.


gress has at length given to the country is The
best that could be devised il not 80 much t.
the purpose as that we have got something.
1t is. ut any rate, point gained that the
interest on tho public debt is 10 be paid in
specie, aud that this will be provided for BY
the payment of duties in coin. If there is an
inequality in the Government asking the
citizen to take the paper promises to pay
which it will not itself accept as legal tender
we must take into consideration the exigences
of the moment, grumble as little as possible
and make the most of the real advantages the
bill offers The delay and suspense were ois-
couraging and injurious unquestionoby, ond
the relief is equally great to the business com
munity. The anticipation OF peace aud pros
perty has created an impotence to set the
wheels of trade in motion, which nothing but
the uncertainty as to financial affairs has re-
strained. THIS uncertainty removed, aud
season Of activity lie pretty sure to follow. On
this point, if We have a word TO say 1t Is one
If caution. An artificial Imitation Of business
8 the natural consequence OF paper currency,
and though We may, aud probably shall, es-
cape this IN measure. partly because exPecta-
ton is n forewarning, and partly because the
notes of the banks have been as far as pos
sible withdrawn from circulation, and tho
Treasury notes will merely supply their place,
still there is no harm III again repeating
caution against the oyertradng to which the
t-lnptation is likely to be very great.
But there il one view IN which We regard
the issue of the demand notes with unmIAed
satisfaction. The Confederate States have is
sued about two hundred and fifty millions OF
paper money, to be redeemed six months after
the Southern Confederacy has made treaty OF
peace with the United States. An ancient vol
ume, a fayorite with the young fixes the date
moro exactly: "The next day after never,
=. when the dead ducks ny over a dry river"
That is about the Southern view or IL, no
doubt, for though nobody hesitates-for nobody
dare.-to accept this paper as money, the alac-
rity to part with 1t for anything that has any
real value il stlll more undertaking. Gold is
worth not less than 30 per cent; bank notes
are boarded like gold, and the Coniederates
safe promise to pay at time which VIII never
come ls the only representative OF value. Now,
a. We 20 down the Mississippi or mp it, or
both. While powder aud ball are materials not
10 be dispensed with, u. ). Treasury notes
will be moral ammunition excessively de-
structive of iusurrecton. New Orleans may be-
IN the possession Of Union troops by the Let of
April. However violent the Secessionists may
be in that city, there are great many Union
men, and great many men who are rebel or
loyal ss one side is stronger than the other,
VITO will be very glad to 60 to work aud make
money. They will be glad to dust their
get up steam IN the river boats; to start the
cotton presses; in u word, to set the whole
machinery OF commerce aud trade ia notion,
aud thank God the troubles are oil over.
There can be- no doubt of this. Let the
Government extend protection to the Union
men; fill the offices with the Union men; put
Union men in tue Custom House; fill the Post
Office with Union clerks, aud New-Orleans
will be by the LIST of May SO loyal city a.
never was before. 1t will hunger aud thirst
for many things, but for nothing so much as
u. &. Treasury notes. Treasury notes viii
represent value; they will represent loyalty;
the man who has one Of the lowest deuom-
nation will put in his pocket tive dollars worth
OF onth, aud ask 20 be sworn again as speedily
as possible. For 1t viii also represent va
currency to bs redeemed at the date bcion'
mentioned. t. S. notes for cotton; L. $.
notes for sugar; L. >. notes for anything and
everything that they can scrape together to
eel on the lower Mississippi, means Conieder
ate notes ia the rag pickers' bag. If they will
-toop for such small bit. Of paper. Nobody
viii take tbcm for anything OF intrinsic value,
when T.. :. money cru be- bad IA exchange
tor the article IA question. There IL bat one
thing, then, lett for the Rebel arm,-lt hos
only t. take Floyd as Comnander- in { hief,
aud 80 10 ,ieallog. Tor srmy-waeon loads oi
Confederate bonds and uo,cs will bug it
nothing. liGt the Floyd,an game cannot be OF
loug duration. So there is good missionary
work for u. \. Treasury notes, and rs long
as We are 10 have them, the sooner they are
put upon that service the better.
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