The Chattanooga Daily Rebel. [volume] (Chattanooga, Tenn.) 1862-1864, 1862-11-05

There Is but one way to improve our cur
rcncy, and that is by reducing the amount
of tho circulating medium. No man who
is acquainted with the financial condition Of
the country aud the resources of the Con-
fedcratc States, doubts our ability to pay,
sooner or later, the whole of our national
debt, although il may become much greater
than itInow is. The annual productions Of
the Confederate States, which are intended
I for export. amount to not less than three
hundred millions of dollars, and this will be
greatly increased in the course of a few
years after the acknowledg cement Of our in
dependendc The Confederate States will,
it is true have at the end of this war very
heavy debt Il is useless to deny or to at
tempt to conceal that fact, aud It may take
a great many years to pay it, but that it viii
ultimately be paid, both principal and inter
est, no one who has any confidence in the
success Of PurI Government or any regard
fer its honor at all doubts We can much
more easily pay debt of twenty hundred
millions than the Lincoln Government can
debt of ton hundred millions, and yet their
debt at this time is near fifteen hundred
millions, " hilst ours is only 1--WE hundred
millions. II may be that We will only be-
able to pay for many yearstbe interest upon
our debt, but if this should ;Be the case then
the bonds of this Govern aent would pc
among the best investments FOR capital, and
it would be a matter Of doubt whether iEI
would not pc better to continue to pay the
interest rather than reduce the debt. The
holders ofithe Government stocks would
doubtless NJ uch prefer that;the debt should
not be paid and that they should continqt
to receive theHinterest Il
if the wIr. were to end by the list IF j ah-
uary, SCI the bonds of the Confederate
States would soon command premiam -
the market, and would continue to rise ID
value with the increasing prosperity of the
country, We, therefore, think that All whb
wish +, nuke safe and sure inveslmept,
had better "a 50 whilst Confederate Trcasd-
~ notes are 9hundant and can be easily OBJ
tsinea NIei who haye noconfdence in the
Government and arr fsvcsting their money
( IN eYery thug else in preference to Ctoufed-
crate bonds @ill find that they bave .rladt
mistake when the time comes to lax ihe
property dizzy have bought for tile pub
I pose Of pay Ing the interest on these bonds,
aud We woul not be surprised if some Of
these men who are showing their want of
nideace ~ the Government by prdferrink
every othsr species of property to Govern
ment securities would be anxious not to pay
them at all. They want to reapall tile ben-
eits Of an inflated currency and bear none,
of the burdens Of the war. If, as some Of
these may desire, our aati6nal debt should
never be paid, they, never having contrib
uted anything to tho support of the y ar, but
having been esabled to sell everything at
high Prices, would be greatly benefited +
The only way to reach such men is by tax
alton. II is not only just and right, but ii
is sound policy. The country is now better
. able, on account Of the abundance Of money
to pay high taxes than it will be after the
: war is over and the circulating medium Is
reduced. For instance, man who made
before this war commenced fvc hundred
barrels Of corn and got for it fifty cents q
bushcl, realized twelve hundred and fifty
dollars for his corn. Suppose he had TO
pay taxes TO the amount of one hundred
dollars, that would leave him eleven humid
red and fifty dollars. Suppose, now, the
same man has the same corn for sale at. on
dollar a bushel; He would get twenty Il Sc
hundred dollars for his corn, and il lie had
to pay twice as much tax, say tive hun
1dred dollars, he would still have twenty
three hundred, whereas formerly he only
had eleven Hundred and fifty. We know
that his expenditures would be somewhat
increased on account of the high prices Of
some things he would hayete buy, but his
increased expenses would be nothing in pro
portion to bis increased gains i
The same argument would apply to TAM
ners, -shoemakerss owners of factories stock
raisers, and every other species of labor and
capital. There never has been time when
men who make any thing could realize larger
profits than they are now doing. and thete
never was a time when they are bett6r aka