True Democrat., 1863-04-08

hlS arm "a
 Our lawyers are all busy discussing the question
 as to whom the sl.000 in gold belongs -t3ae says
 to Haynes, for the fellow dropped it at hts teet
 and Haynes is bound to retain it until called for Others say that it must be returned to those who paid the specie for cotton cards which they never received Stil others, contend that 1t should be divided, pforata, among all the victims, those who l paid paper as well as those who paid gold NO
 decision had been arrived at, up to the tmeof our going to press, but the occurrence hasgigenrise to an amount of witticisms and pmls. l. was well pIanne,t scheme, boldly carried out, and the s'e'
 t;ns have ioarnedthc force Of the old ad@9e never Luy a pig in .i peie. which they alter to, 'aeTet ] b., cvtt5n-carls ip boxc5''
 Paper Money.
 A friend lent us copy of Herpcr's Magazine, fer a1a,ch, 1863 Taere is .on'yone article in 1t which touches upon tie present war, and thai is confession tl,.t the end is dq qubtfd The monthly arrears to be under d.flerent and mider control from. t!,e weekly; the later being as ralaI and bIooGtA;rsty as the most ardent black or red re
 Dablican could desire The leading article in tiie number before Us, 4. entitled ' 'C9uiaental Mo ne, :" l. is a compilation of facts III regard 70 tie issue of paper money i'll tile frs reTou.lon' which it would profit Legislators of the IFesent day 10 read IIaply for Us, the causes that led 10 the delreciltion of continental money to R1t exist ' now. and should the war ciose.in reasonable 1 time, the debt of our revolution coutd be paid
 with certainty within sixty years. sinking fund 1 setting aside fifty millions of dollars each year, would ektngH;sh thc principal and interest ot our debt in thirty years. and this period in the lie -.t;me of nation counts as almost nothing. Our resources caranirei with those ot tae colonies at the close of their revolutionary war, are far suPe' r9r, The first issue of paper money "as by the State of Massachusetts, in l690. The iI3t issue bv the Continental Congress, ip June, l115, when two millions oi dollars were issued. From thas date, up to November, l779 the sum Of $2l2,- 06g790 was issued. Up to l777, the paper mo- Ter kept at par; after that, it declined in value uptjl one,do!lar ill specie bought seventy five i'll .,isi,..r.ai I.oi.cy history repcits itself, ard
 we find that ill those day, as in the present, specu lators and.torcs were depreciatins and discredit- i'm, the currency, and the government made strenu- ous efforts to keepts value to point approaching specie standarl. in January, l'7C, the Conti- mental Congress adopted a preamble setting. forth that the tories, adherents of the crown and extor tonerg, were endeayoging dcpreciate the curreu- cy, ,.and resolved as follows:
 ' ..That if any person sl4ll hereafter be 90 lost to all virtue and regard for his country as to re- r fuse said bills in payment, or obstluct and dis I courape tLc currency or circulation thereof, and 1 si,an be Gu convicted by tie committee of the .eity, c0unty ol. district or iD case oi appeal from ! thcirdecsion, by the Assembly, Conyenuon, Coun- I cil or Committee Of Safety Of the Colony where It. shall reside such person shall be decreed, pub ! li.hed ard treated as an enemy of his country, ! and rrecluded from all trade or ntercourse with ' the inhabitants ot these Go0nits
 ! Immediately after the battle of Trenton, Wash i ngton Has authorized by Cong ess to arrest and .contine persons who refuse take .he continental 1 currency, and to return to tue States Of which they were citizens, their names with those of the witnesses"
 Early in ITS, several States, upon the recon .nendation of tae Congress, made laws declaring the-bils issued by the Congress, legal tender ln payment Of public and private debts, and q arcu'al thereof an extinguisllnent of tle debt. The 6 i sayst says of this:
 E. ..The-e cormendations were acted upon more or less in the several States; but the leeis!ation I winch .olowel prov ed to be go prrni clous-so orinlin 70 the conhding, patriotic creditors, and beneficial to dishonest debtors, who were enabled l t0 pay.their liabilities at enormous discount- that Congress soon hastened to recall their .nn-
 wise advice, and to beseech the States to repeal ] their iniqntous tender laws. which discouraged taxation the only safe security for the redemption 1 of pubic -st'
 It was this pernicious legislation that may lave led to the adoption of clause in the federal con 1 c.o q hille nf credit. or make any thing but gold and silver legal ten 1 der And the history of that period may have 1 been before the Confederate Congress last month, ! when they refnsed to make Confederate money 1 lcgal tender For the result was that debtors all over the country began to dccry and deprecate the ! monev so that j.. the sale of horse or COW, they were enabled to secure enough paper money to pay 1 . debt of thousands There .i5 no legislation 50 difficult as thlt which concerns the currency Of the country, and the arguments for and against mak- iDg paper a legal tender, are well worth study.
 The resources of the Confederate St4tts up- surpa .sed by those of any country in the world, because the property is actual, real and not 3ie. pendent on extraneous systems The values are all intrinsic, and small percentage on the lands would pay the debt. At the close ot the war; the debt will be large, but So ample are the resources of the country and it's growth and prosperity So certainly to be calculated upon, that We are not reduced to devise d plan by which to eXunguiSh the debt, but rather to choose among many obVl- oue and simple modes, the best calculated 10 cxtineuish the dc5t in a reasonable length ot time, anu with but little hardship to the people.
 -=a-+-SEs-+.S
 "CRrMEs IN THE NAME OF LIBERTY. .'-The fol- lowing extract of letter from lady, dated Mem pbis, February 6, is published in the New loik' Journal of Commerce.
 " It is distressing to see how the darkeys are brought here the cars. 1 do believe that have seen two thousand brought here in day, and they here in the most abject poverty possible We have had some very cold weather Of late, ana oHf night there seoenty.fpe trozen 10 deah m cot lon sled. There is room for the poor creatures, and hundreds of their children have died"
 Gen. German has returned to Helena.