Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1862-12-11
Confederate Finances-ImpOrtant Movement.


We would invsS the attention Of the authorities of
Virginia to the following joint resolutions adoptedby
the Legislature Of Alabama in relation 10 the War debt
Of the Confederate Government:
WHEEEAs TIE Government Of the Confederate State.
is involved IN for the independence Of each of the
States Of the Conledeacy well as for its own exist
enee' And whereas the DESTINY Of each State Of the
Conederaey IS nfssolubly connected with that of the
Coniederate Government; Aud, whereas, the COnfede
rate Government cannot successfully prosecute the war
70 speedy and honorable peace without annie means
OF credible It, therefore
s'o!vsa bv the Senate and House Of Representatives
oi tue state OF Alabama in General Assembly convened
lha IN the opinion Of this General Assembly il is the
day OF each State OF the Confederate Government TO
guarantee the debt Of that Government in proportion 20
It's representation in the Congress of that Government
H'fo'rsd farther, That the State Of Alabama hereby
proposes 70 her sister States of the Conederacv 10
guarantee SAID debt said basis provided that each of
>td states shall accept the proposition and adopt suit
aoIe legislation 20 t into effect IN which event
Inese resolutions shall stand As the guaranty Of this
's LOT toe aforesaid proportion Of the debt OF said
confederate Government.
Hs'0trsf further, That His Excellence the Governor
De anu ne i hereby requested to transmit copy OF
LeNe resolutions 90 the Governor Of each State of the
Soaiederacy and to the President Of the Confederate
Passed 2s,h November 1859
The Importance Of these resolutions 80 utrepidly
adopted BY the State of Alabama a. has been we'll re-
marked, cauuo, joe overestmated If adopted by all
the State rar credit Of each individual state is edged
10 the re-empaoa Of the war debt Of the Coniederacv
m proportion 20 IL, representation in Congress Il isa
measure OF -uusNed benefit II the Conederscy sinks
'he states 20 down with IL if il sSms a, W. an know
II WILL nobody is hurt but in the meantime. the Con
eterate finances once raised in Ile ewes of the
world by being put sure basis; and capitalists
"i AZ once invest ia them. Il will show TO our enc
m'es too, the unwaveriug confidence We have in our
General Government and its resources and will Lscour
age them more than another great defeat
Acting upon The same line Of policy We obser-r that
NJ Boyce Of the Senate Of South Carolina has offered
in that BODY resolution, that the Committee Of Ways
ard means be directed inquire into the eNpedcucy OF
Offering the Confederate Government 20 guarantee is
bonds for the popooaae share of the STATE of South
Carolina according TO the basis OF the late var tax TO
The amount Of one hundred millions"
VIII not the Legislatures Of Georgia and North Caro-
Ina now IN session, emulate the example 49, by their
patriotic sister state and place their broad shoulders to
the financial wheel Of the Confederate Government
>acn acton would De more graceful and far ben
ehcia than frutes, debates over the Couscript Act
aud utimed contests for the spoilS Of office We feel
sure that Virginia viii wheel into line As soon As her Leg
stature shall have rr-ts,eu5ed ana will sink or swim
with. the guverumcu, she Pa, done so much TO support
The var nov d~-oiatnc the country /, one ia which
al are equally interested Itisawlr for the iudcpen-
d-nce Of each Safe, and mus, be conducted until shat
independence Is achieved No matter what il NAV cost
10 must 20 ON until victory crowns our efforts There S
no retreat but u submission and slavery. To the Con
ierta government has been entrusted the task Of con.
.N.r H.H1. Cd
fully without ample saa, Of credit 60 the duty of the
seyeu, States r' adopt the means best calculated TO
strengthen 60 az home aud abroad
By the action of The people every dollar. worth Of
property in the C0aIeacy already stas,d upon tie
issue II we shoait fail the people OF ia, south would
be penni.es- Lands negroes, houses stocks, and all
Other species OF property ~onld b, G1n-cated to the
Use Of the c0u4g'roI and made 20 pay tho cost Of the
rebellion Ia the event OF failure oue species OF pro-
perty would De- worth no more than another and the
guarantee by the Lssshures {. nothing than the
solemn declaration OF the States that the interests of
an are iadisso.u1 bound together j. this truggle. It
IS formal announcement 90 the world that de
terui0ed 10 stand or fall together
Should the example Of Alabama be followed by other
States it will convince tax world that 80 long the
wealth Of the country remains untestroycd so long
the people retain their faith the debt of the Coufedera-
ey incurred in tho prosecution Of the war will rest
sound basis L wiIi quiet the fears Of few simple
minded people who have permitted themselves to believe
that the Confederate Treasury will be Of
value after the than the Continental currency
the close Of the rs, revolution for they will that
less the whole country becomes bankrupt there will be
no reputation.
Lineoln's Theory of Human Rights