Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1863-11-27

y, r..
POSITIONS, in Point of currency anu creu''' Is
Tao resisted government vita
the dc jttrc organization
in posseFsion, encounters
only the cost of credit in
large expenditures, Cow
,n1 - $50 per cent.
<,tt cnet SO "
50 per cent.
The resisting or dc .taeto Government encoun-
iers--
Isl The same cost OF credit IN
!:-ce expenditures, &c, oo per cent.
u. The cost of distr,tst and
GouJt of capitalist, as to
the success Of secession,
as 100 70 1000, 1900 per cent
1880 per cent
rrst 50 per cent
. Nett difference between the cost
| Of resisted or DE Jure and
of resisting or Dc .facso
governments, 1000 per cont
Another cause of depreciation has been thai
We began from the very first TO Issue notes do
| ;;b;ium for the full amount OF extraordinary
expenditures ritaah proriding the means O
! redemption and negotiate loans and put on
JonIs at home and abroad, based on mere
promises to pay. or on bales OF cotton ~nicf
can't he sent to market, which arc rostint
! a,o"y rivers, accessible everywhere to the enc
my's sunboais, and which must be burnt DO
| fore the eremy are allowed to ges them
| Loan. or bonds never to be resorted TO e1
cent upon the highest neeessity-were resorteo
| to IN place Of taxes, and then the vain attempt
VAS made u substitute them for notes running
wild in the market.
! Another cause Of depreciation was the raw,
| enous demand for gald to supply the Govern
! meut purchases and payments necessarily
made abroad; next, to keep the bl"ckaders
| running contraband goods in, and running
! high prices still higher up; and also to sup,
ply an urexampled number OF prisoners OK
var with the necessaries' and comforts IN
Yankee prisons, Most all Of this dcmsnd for
gold made it J1op rapidly from u and to the
enemy.
TIE State banks also withdrew nearly all
their issues. individuals boarded specie anH
nrndccts, and non-comb atants generally, ana
some eon,batants, in the army too, went ca.
gelly into the speculation OF "JoreHa!a"a
tho markets.
Such generally are the primary and pri'ci-
pat causes cf Depreciation IN Confederate cur
renew. and the question remain.-Wh hat Is tho
remedy? :,
10 nav of the debts of the Revolution and
nG the last war with Great Britain, and OF the
Nexi.an war, and Of the purchases OF terri
s,ry, and tn pay the current expenses OF gov
p, p
scarce, in commerce and in the sale Of p'dAe
i4nIs. We HAYS no such resource. We are
,.!lckaded in every port; there 10 no such
:!.irs rs new settlement, going on IN our ter
?:tory anywhere; on the contrary, our Old set
.l..rents are disturbed and br"ken up, and wo
IRE entirely cut off from the eminent national
domain.
We have no resources but 'front.'
lst Indirect Taxes, consisting OF "Dut'e''
Ta,ests anil Escises"-to BE laid by the rule
II Unif1rnity, throughout, ths Confederate
State. And
"a. Direct Tarcs consisting Ct "sSpitdtion
,r other direct taxes"-in other words of, list,
PoU tnos, simply withrlt regard to proper
" possession, or any other circumstance;
md, 81. 4 tar upon land-to be laid by tue
ruIo Of "apportionn,s"t' among the Contede-
rate States Soc decisions Of the Supreme
Courria thu case Of Ityiton, plaintiff in error,
-. United States, in l79G, and the decision by
Judge Marshall in the case Of Loughborougb
vs.. Blake, Wheaton, BIZ
| We lave no commerce hut that which runs
the risks and encounters the expense of the
blockade. That raises prices higher than We
can afford to pay. would pursue the policy
f Napoleon the lst, and prohibit the block
AIDE trade entirely, and force our people tc
eo.ase in manufacture. Of their own. The
,ystem il severe, but war is upon US, and Is
inearrable, and its ssverest curse is the alter
native of bad currency, demorslizing n, it is
leorecia:ing, and endangering as it is nnr
liberty and independence. By total prohibi-
! ton and gradual reduction of duties as the
art, progressed Napoleon built them up to
their present perfection in France. All the
;,rts-especially thnse auxiliary to war-the
! manufactures Of iron and steel, particularly,
were beautifully perfected.
repeat here, what have said very often,
that never before in human history has'it hap
pcned that one half, and the inferior half, too,
1T the beginning, of q people-robbed the
other, and superior half, in less than three
quarters Of century, Of nearly all its arts
md all its arms Before this 4. war, 60 to any
mans dwelling in the South, and ask him
who made his carpets, his chairs, bedsteads,
mattresses, crockery, everything above and
hclow stairs-his answer was obliged to be
Ynnkeedom!" Go tn his kitchen, pantry,
dairy, and ask who made his pots, kettles,
pans, spoons, knives and forks, churns,
rlothcs-p9ins. buckets and tuh,-eyerything
here, big and little, was made by Yankee
! JON! Go out of doors and ask him who made
his ploughs, harrows, hoes, chains, wagons,
carriages, carts, axes and aye.helyc5 and the
roply was Yankeedom! Go to his person and
ask him who made his clothes from his head
10 his hecls-his hat, coat; vest, pants, every
under. garment, aud socks and shoes, and who
clothed. his ylaves aud made them blankets and
! every thing-and the answer would still be
Yankesdom All the products of the arts OF
peace were made by Yankees. We had not
.anuad the skins Of our beasts. And, at last
| when the SYren ceased to lull US with the
song of peace and Union" and we turned to
,:eize bur weapons to defend our Independence
alas! we walked up to find that Yaukeedom
had robbed us of all the arts Of ,car a. we'll as
or all the arts of peace; they had made for us
all the ponder, percussion cdp' ana ma,Ssts.
sad they had all the artisans and machinery
with which tn make more. And they had
constructed most of our public works, our ca.
nails and railroads, and telegraph lines, and
engines, and furnished the operatives tor ogr
public workshops. b the LANGUAGE of the
most gifted and gallant soa Of New England
have ever known. "hs Norh had educated
- &hA s.dnJharrin V3ls