Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1863-07-01
THE NoRrn oARoINA saArpAaD. aapNEspAY July b 1858

@ The Lssislature- Confederate currency. :
The Legislature Of this State, which win assem-.
be IN extra sasaiou today, TussdayJ VIM no doubt
It once subject Of receivingor reectng
in payment Of taxes Confederate Treasury notes
issued before the 9th Of Apra, 1858 The present
law, which authorizes the reception Of all Oonfed-
crate issues was passed prior to the action Of Con-
gress and Of the Legislature Of Virgins which to
some extent, distredits these notes. IS.
After some reflection We are decidedly of the
opinion that common honesty and sound policy
both require that Discrimination should be made
between Confsderate issues, hnt that all should be
receivable alike in.payment Of public taxes It is
true, the action Of Congress breaking faith with
the holders of the issues previous to the eth Of
April 1868, in relation to their value IS fandable
medium, and the action Of the Virginia Legisature
rejecting these notes ID the payment Of taxes in
: that State have impaired their value and conse-
quently diminished their circulation; but it must
be borne in mind that in all other respects these
issues are just good Is those Of later date. II
the Confederate cause succeeds, they will all be
equally good as circulating medium; but if the
cause should fail, they will al be worthless, and
the only good paper money We will have viii be
the Bank notes and State Treasury notes And il,
in the end, these notes should ali be lost It will
make no difference whether the losa falls directly
on the State Treasury Or on the people at large.
Any other course, it seems to us, would duot only
embitter the people against oil Confederate issues,
but would be the cause of great Inconvenience and
heavy loss to the taxpayers. a law respecting
these notes may be passed and published In every
County in the State, and yet thousands of the un-
informed will attend in compliance with the present
law, at the tax-gatherngs, with these very notes,
and will be compelled in order to pay their taxes,
to submit to shaving operations which will be in.
dustriously carried on in every neighborhood The
honest and nnnformed would thus fall prey to the
shrewd and knowing; and it is the especial duty
of the representatives Of the people to protect the
former class. Besides, rejection Of this currency
by the Legislature wonld at throw it out Of the
Banks the people generally would discredit and re-
fuse il, and thousands Of our most worthy poor
the wives and families Of our soldiers included
would find it uncurrent in their hands, and would
not be able to purchase with it pound Of bacon or
. peck fmeal It is true, the government at Rich
.mond would be responsible for allthis; but we de-
sire to the people, If possible, from these evils
and We do not wish to see them excited, as they
would be- against the government on account ofsuch
evils r.
But we take higher ground even than this. No
matter how this revolution may terminals, We want
to. see North. Carolina emerge from it with clean
hands and unstained garments. Honesty is als0ays
the best policy. Let our State be honest if she
should lose by it all she possesses. Let her shun
even the appearance Of repudiation 1t by no means
follows, because the Confederate government and
Virginia have done evil that good may come, that
North Carolina should initiate their example
While on the subject We invite the attention Of
our readers to the able article in our paper to-day
from the Charleston 0arries, headed Is Astounding
Revelation-Repudiatio Tho Courier has spok.
on the sentiments Of every honest man in the land
The Proqres contains report Of the deashof
Capt W. ]. Houston, Of the cavalry, in the late
fight near Ashby's Gap. A correspondent of the