The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1863-10-22

rho hank OrRans.


The absurd and mischieyous articles Of
the Dispatch and Press in reference 70 the
revenue order, aud Tennessee money,
have excited the general derision Of the
business community, as we'll as the con-
tempt Of all loyal men. The Dispatch fled
"a hastily from tho field several days ago, but
the Press still hobbies about on lie crutes
co, and dfivels out . continued stream Of
contradictions aud absurdities. On Tues
-. day Il said Of the Union and Planters
Banks. fThese Banks are understood
l 10 be perfectly able to redeem every doll
lar Of their circulation" And then pro-
ceeding TO notice Governor Johnsons
rse revenue order it asked
i BH tie policy OF he government TO ruin
ne people Of Tennessee, ia order 0lat green
Ae-. backs andy circulate erclasiOehP WiU the
government become ultimately stronger Ly I'M
poverishing The tar payers, aoho are 10 sustain
IN Oris Il intended BIZ His process, to
Grind into dust population i0l0, IN DE most
solemn form haze been recognized as loydIby
the agents of the National government We
can only ask such questions, leaving il TO
those who have the power, to answer
them or not ACCORDING " tuVAA
standing of the course which will best
achieve Tie purposes of the Federal admins
o. ihation an Tennessee.
Why any Biurs should be cast upon
. the Government, because the notes of the
Union and Planters Banks are at heavy
n discount, and will not be received for
-lag revenue, we cannot understand, unless it
lia, is that certain parties are determined TO
bas find fault with the present government Of
Tennessee The Press first says that it
understands the Union and Planters
60 =. Banks to be perfectly able to redeem their
~ notes, and then blames the Comptrolers
~. order for making Tennessee money de-
] preciate rapidly and indefinitely
hae On yesterday, however, the Press al
ters it's tone and Gays: OF he State
isai BapS, perhaps nothing is left--cetainly there
log Is no one here That may b called on Jor a
re- dsoio,nq" That will dovery we'll Why
then should the revenue order be com
s,os0 planned Of unless it is desired to give the
state nothing but worthless revenue which
n'''' viii not pay its current expenses? The
Nv Press then adds that call that newsstand
.M
no. between the people of Middle Tennessee
na and suffering are the notes of the Union
and Planters BanlSs.' 'Iet thcso banks
come cut at once with full statement Of
,-e their condition and resources" eff the
bau banks are broke the people have right
TO know it," The Press would have ex-
hibited more good sense as well as more
cos fairness by calling on these banks for a
.lI B. statement of their condition, before it
itlo9 cast censures upon the government for
'sg derreciating Tennessee money. The
State government is no more bound TO re-
deem the notes of the Union and Plan
ters Banks than to redeem the notes OF
;Uw the South Carolina banks, ana IL At DC
-as vlbound TO redeem tho notes of the Bank
-1 Of Tennessee II can do il only by taxing
'e ne people 10 the amount of perhaps sir o.
eight millions Of dollars, probably IN gold ana
silusy. How this gold and silver tax can
Bad be collected, If he STATE be Jound to tax,
Tennessee money for taxes is a mystery
which we leave to be explained by the
81 Press and Dispatch. Our own firm con-
viction in reference to all corporate insti'
"a tutions in the rebellious States, which
issl have issued paper money, is that they
;Y1atia will be found insolvent when a settlement
shall be made, and that whenever State
may be bound partially or wholly 10 re-
us1. deem any such paper, the redemption
must be made out of the pockets Of the
people, il at all.