Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1863-04-01

:ps our ports arc blockadei. ~ thstcWs. cannot
ifaise money by indirect ~taxation rpohi imports,
sSss havsspo nlterna,is cleft but diressthkstou. 4,
1 Agaia:sss is,aark, here issstabhotH sddd ps-,s'
.-andthe dsyerrolssd. taiass tsssfsiiits !di-
rect ,~s1atiun for ,altpfssssssion Nd SOTO CO.
.sent reasoning. HsAaiutshs th.EsSis psasras Of.
The confedefsey wsalaiA4sslity 100 a%satSSias.
e,on amidst jbeir gEiyssasntS S9ttltisS bjFspt5aaiit-
sius to the ta1 atioasnsscs.sfy to pay the iintoro,,
saslpon the public dsbb q sandAtssse a sinking fund
Upon the guild b.Iis. Wherever" says he,
" this becomes tho settled policy Of the Govern
mont tho depreciation IL very nearly steppsd'' md
The currency: loft in our h.sds, il worth almost or
quito as much as all Wo had Was worth before NO
psid tho tax To ILLUSTRATED Tho Mechanic has
ono hundred dollars Of Confederate Treasury
notes. He wishes 70 purchase q good COW and
calf, and he finds it will take tbs whole sum to
pay for them. Tho ourroncy.is strf' depfeefstng
and at tho ond or The next three months it,niay
take ono uudred:und-twenty.frs dullGrs to make
the purchsab. At this point, supposetae Govern
mont assesse1 a tax of FIVE per eent.-tD establish
tho policy above Indicated, and heis required 70
pay avo dollars Of. bis hundred to the Collector.
The effect Of this is to absorb that MUCH OF the
over i.sus,' and to give confidence in the ultimate
redemption of the whole. This uin OF once stcp
tho decline in the value Of the notes; and may
causs thom to appreciate: The esnsequence:: viii
be, that ha'can probabiy purchase the same prop
erty with the S85 which remain. in his hands after
psymsn. Of tax, In word BY paying back part
Of tho redundant currency. into tho Treasury We
stop tho depreciation Of its value, pnd lrayo the
balance in circulation, worth ~ much in tho pur-
chase of property as tho whole Was worth before
the tax WAS paid. But suppose the tax to be'buF-
densome, and to sbsofbe q large proportiun'of'd out
surplus income, ID this a reason Why itshouh mol
DO cofee.sd?, We must submit to burdens. and
mako heavy sacrifices to sustain tho Government
maintain GU. credit, and support our armies Of
all we possess must 60 down together in \ eraahI
and involve US and our po'terity in one omnon
| ruin
While Gov. BnowS's Iugie is to oar liking i'd
tho main, we do not see how he rsooneiisf 8 s wiz,
the recon nendatior (sringenty pressed ia. the
outset Of his messaso) that only q quarter Of a.
acre of cotton 10 the band be allowed in tho crop
of 1868: II tho continued credit Of the Confed,
crate Government is essential 10 the sucesss Of
our cause, and if that credit can only be Sustained
Fly paying in guild or its equivalent the interest
upon the public debt, how great the necessity fol
enough cotton to meot tho ~nessites of such o
measure. Tho government could certainly meet
tho responsibility, thus incurred, with cotton,
moro readily and moro economically than in any
other way. So Tar then au an assured sufaciencY
Of broad-stuf, will allow, why not ALLOW the mod
crate production Of cotton 70 80 forward! Be II
remembered that cotton il second .on'y to bread
in our great emergency. True wisdom would
Boom therefore to dictate, that while we make ctr-
tain provision for tho one, the other DO not undu.
ly restrained by Legislative enactment: 1t is our
unwnvering beliaf TINT the present Cott,g&aw will
meet the difficulties of our POSITION aM4Sd Gov.
Baowx's sensible views on the vital Importance
of providing i'm mediatslys for paying the; interest
on our public debt, in gold or. its equivalent, but
tends to increase our satisfaction with the present
arrangement.