The southern enterprise. [volume] (Greenville, S.C.) 1854-1870, 1863-01-08

Nhnes w1et an aIicic n Worh 10 haru meney
70 secprc w rsluo In that money. But tther,
y nuothsr nnrrenoy which may DO cSinparet
With thst of the Goyernpncnt. L rescr to tis
nhis OF fhe banks Thcy are not redceinHbls
!th.sPecie, ana yet SOL Tor premium IA Con
4 icocfa,o treasury notes tako the following
] 9.osenSps oi premiums Prom tho hichmond
rOspatcn Oh december D So 49, = s.s,s
! Buying price ofBrskers- Selling pricc.
oank notes--yrgiuia--.@e22A rs; to 80 4
+ t-sts.- '1,' North garolina-..1o do. do.
j.'.s,r.S South Caroiina...23 do. do. ].
! s.sAt, oeor ors,Ai........-.Ts 40. DO, Z
Nay, SIR. am informed by most respectable
broker Of this city, thar bank notes have sold
.ere AZ Premiun OF ~ per cent, and TINT In
Y A'apaina ma states further Vest they will
commapd 40 70 90 Per cent. When, sir, tsb all
TINS end The banks OF tho Conicdcracy arc
ti"kcd 10 INC tate OF tho Government with II
I. they arc destroyed, with It they live. Nor
ern any satisfactory explanation bo given,
/ save tne unlawful uses of tsose notes for pur-
\ poses OF trade with eur onoinies,s aud their
seareity, arising from the boarding of them by
| rasues rom mere or ,fess aPprchcnsious OF
phat Li,inre. Either OF these notivey is dis
graceiui to the true patriot, and deserves tho
most serious reprobation of evcry lover of Sis
Goun.ry. 1ot with MI this, the fact Of this
| aeprcc'aton must 90 noticed as n fearful evi.
uenee aee VI tlo want OF proper ysluo on the part
] 81 tnc Sontederate Treasury notes, In anVth-
! CT manner, very similar to that with gold, may
| -; '"'s ~ pe tSeos2Le".
| .orcrsI,,. .s,aS 81, 81 s"nS s'ep'"s, nas
Eli l. -. 80. soa'. M, "s' oe!sna
! nnro,,;,, ,rL',' " ''"s ,o",s'Ie shine
| h.,ri -. - N'i 80 Va WING. nae
! ncr ,.,t"F :. 49,, 49, ",pSyfn'e
! Ill. 49,, 90, VI Wv" nu""rro. nm" nhe'y-nve
| :, bns -, - 80. up".'ef'
! ;s;n,;ra,S,us ~ TSSSt ~ ~ naS >tun'y pcen
|, p;cb mnnJ e.. ~. 9, =; ,hs, rrs:" W so.u NJ
\, N nrn,n;.m az tv, nrir.J al % %
I
- -, '. ...
! me rap'oity OF this depreciation Is also
worthy 'oi a'tenti"n. In september. 1861.
/ se,erai m9n'ns ai"r the war had commenced,
."u's '''he 'huSeo N.er inc hatuo VI Manassas,
he current n',ia OF theSountry ."ere IN a scuse,
equWaent TO specie. ikouah the banks had
! suspended specis payments, thsy were yet
FURNISHING their customers, as matter Of fa-
| ror, WITH specie In small quantities at par
but the depreciation began ; before ChrismGst.
! specie wa. worth ab"ut twcuiy per cent
| preinum before April, 1882 IL was mt fifty
p'r cent; and thus tas IL gone on until it has
reached its present rate. In September oC this
year; sterling exchange sold at a premiu;a Of
SIMPLY one hundred and ten per cent; since
| 80 h,,n,I..a .n1 an. Th InoLe' nj
I this r..ncet i, nlarm;ng unI.,s sn,,, ~
| ,nenis can he made for such cxrh.n,,. :, 81,
soon he n, fvs hundred. nav, who ca, tcII that
| it may not yet reach Eve thousand.
| The dcpreciated currcncv ,b,s rof,-r,a ;,
an evil to all parties. 1, is tru. th,t ,ho,.
! who ere mere producers get "A laryrr pr;c. rnr
| all articles, but that price Is paid in ,lcprc.
ciaiod .currsucy and the iucre.so of price SUBJ
jects its recipients to the mur,nrr, oil tho con-
sumsr, and the charge Of e1tortion. On the
"'aer hand, tho consumer Who does not pro-
| u"ce, mas ths money which was formerly
PofhSps an ample support, now Insufficient,
.s ~" VIZ" VIZ @ 'ne mos ..siu a"a rthc'nng seopo-
~ ;,n.' ,"s :" .se1e "I o".cenes, hterest
wor,s onIx one 'ih;rd ~ n, ~ h h'na VI mShey
| received, ,yh.tbsr ss,imotnd -, III =" "",e s''
artic.es Of conssn,ntion 1, viii b,,~ n u'e
one whose whole income has h.en ston,c,j nv
tho war, and he las TO borrow ,,ion,y now to
DO bsroacter paid, he is placed in tho d.plora-
bie o"nditi,n Of ono who obt.ias from money
lender loan to be repaid in good funds. Int
,, wn.en ne mas hinsoii TO receive In paper which
\ WI uisposo oi ~ .h.rd oi It's
| c,r m. GnS,,n.,.,, = az. 4, u.ISruhate s mate
/ c,,.eo,S y, a. s,;.;n, ;,s 80. "...'S, " "..e'
iguh,Pe day i, eoiS md silver. and rScc;w,s "a
4 them articles only al the rate, nrodn.sl r..
this depreciation. = - : -
| I.t 10 I,,,L n.,,t "a a., ...ss az, =
lnr.ciation Tba f;rst snd -, -, VIC
IA that ,he Goyeran,ant ;ss,rs. a.. ,ss, ""e ~"
! deemahls in yola and silver TIL. Ii
ieyiJ.nt vet Il ia worthy ~ motif. h,;.,,,'.
Eit b.jns u. IN .rr;ve .tyh. r.,naa, -
I ibe .ans., ,ba, "a =, ha to,.S.,.S ~
4 wboI. matter TEs ar.y th.. So, =, ns ,'s ,is
fG.v-rn,aent are nut on . .n;s.;. 80, III
llesa will bo III. drm..iat;a,, ona ,Ia I. Wy
win ~, The .,,;ccs IN al cnmn,S,,fs. y,',,
We np,st not deceive ourselves by supposing
1 that this is the only cause; were there full
confidence in the & government there would
be TO need of "a constant interchanee If gold
and bills Tor each other. But here is q roal