The daily register. [volume] (Wheeling, W. Va.) 1863-1864, 1863-11-30
Northern and Southern Finance.
fErom tho Mohjle A6yerfiger


Some weak kneed, and faint hearted, and
white livered Oonfederates-)r pretended
Confederates-will say, in reply to this, that
we are fighting with a currency lar more
depressed than the Yankee currency is CT
is likely to be-and that if We can keep up
the war with deprecated currency, the
Yankees can do likewise. So they can If
they choose so to do. Consider that our
cases are altogether different. The North
is fighting for conquest and empire Weare
fighting in self defense and for independence.
We are in the same position as the Colo.
MES in the time Of the Revolution. Their
currency was worth little or nothing; but
they kept ON fighting and finally succeeded
in winning their independence. Money has
been inaptly called 1.-THE sinews of war "
we say inaptly, because it is mistake
The sinews of war are enough food and
rament to sustain human life, and an un-
conquerable resolution to perish rather than
be conquered.
The value of Yankee money, on the 9th
er hand, depends exclusively upon their
ability to conquer the South-that is, in
their opinion, it depends upon that. In our
opinion, ii depends upon nothing at all; I;
and has basis of redemption more unsub-
stantial than the "fabric Of a vision. -
Whether they succeed or not their money
IS equally worthless. The last golden dol
lar that jingles in MIR. Chase's Treasury will
be worth more in five years from to-day
than the accumulated millions of green
backs" that he has issued, all put together.
Our own people-wisein general politics,
but lamentably ignorant in that special
branch OF politics which relates to finance
are to blame for the present depreciation
of Confederate currency A singular spec
tacle is,s indeed, presentsd--that we can
negotiate loan in Europe at nearly par
while the North cannot negotiate ono at ALL
Our bU6ds WORTHLESS if We are whipped
sell for nearly their face, while Yankee
bonds are drug upon the foreign market
and not even bid is made for them. Yet,
when we look at home Yankee money is
worth nearly its face in gold, while Confcd-
crate money is at ruinous discount. We
repeat that it is our own fault-lot the
fault of the North, not the fault Of Eu
rope. We have been so long the CONNER
clal and financial slaves and vassals of the
North, that all the manhood Of our natures
seems to be taken out Of us, and we are
yet the cringng, servile followers in all
questions of finance, of the dishonest ope-
rators on Wall street. We must drive them
and their operators, and their fraudulent
operations from our minds, even as our Ho-
ly Savior drove the money changers from
the Temple which they defiled and desc
Grated.
The South must assert itself financially,
as it has asserted itself politically. The
Government has cotton enough to make a
heavy inroad upon the public debt Add to
this resource a system Of Iaxation-absoluts,
direct taxaton--that will reduce the vol
ume of the currency. Let our people cease
to make money by preying upon the neces-
sitics of our soldiers and their families, and
resolve to sacrifice all sooner than this bru
tai and inhunan war upon us should sue
ceed. We have country such as God AL
mighty; in his goodness, has not vouchsaled
to any other on his footstool. All that is
needed is patience, endurance, torti-
tude-an absolute yielding of every
thing, as secondary to the final triumph of
the cause. That triumph, sooner or later,
is one of those things written down in the
Book of Fate and neither Northern enc
mics nor Southern traitors can prevail
against it.s