The Chattanooga Daily Rebel. [volume] (Chattanooga, Tenn.) 1862-1864, 1863-02-01
He'd DAILY 81 |.
j Rata j b O G A.
SUNDsF MORNING. FEB. 1853

SC@ pth 1VliNfS - fs41- letl@l ;
The lettol from our ccrrespe1dept3Ia i
Huntsville iston a subject Of gress fnE&sl 81
at this time, and will attract ajza3te ID.
ton Of our readers. r.
What measures should be. s,fo5feA Is
Congress TO reduce our c frillat ayssi and iil,-
prove cur currency denian4s oar mdsi
thoughtful constellation The prese s.
enormous PrleezST which fesina gFcaF meas
ure tls9zFekulf Of a reduhdsnt eire4laHiob b
ahdfhe want Of confdeHfe insthe sL;inaEe
redemption of the Tgeal ary notes, ara ib5
afcting serious injury i pom thoNGjrcrlf.
nlent and the whole eonmunits. uiHt
legislation by Congress atlits present ssssidb
will do much to restore confidence, foI ak,
crease the circulation and az coitsetIHen u
to AecreassE prices. s.EA'
Ppr correspondent "a Is it would lie 4n
easy matter to show that doufedefate .inenlg
is better than any oiher kind Of pIpar
money and lie ventures tue prediction. tllAi
N a short time after the piose OF the YAr
Confederate bondsmill command a preinih
So think We. HI.
The am 'nnt Of our Dc \. at the presddt
time does not exceed, as flown By tic IEil
port Of ID Secretary Of the Treasury, H4
hundred millions II doilar3 aud the eslinsAi.
Cd expenditures up 70 tue 4 rst Of J uly. 1st.HI
amount % near three hu1jred millions adE
ditional at this rate, id The war 4heHilE
continue Until tie close bf this YEAR l4
debt would nst exceed twelve hurs ,liIElI
millions of dollars. This appears to khasiI
unacqnainted with the id Iaense resoarI89ellHII
Of tho Confederate States p enermolis ssialll
but when Sc remcnls7f that the csefHdl
cotton now en- hand, estimt ting It at tlselE
millions Of bales. at the present priee4itI
New York or Liverpool rill bring inEhl
Hundred millions Of dollars we see tll.lt It'd
debt + st4all when opr ability % paglil
taken into consideration. If The aar v EFs
,naw 70 clefe and cotton koull only bfiI4e
half III present prices il New Yofielb1
Liverpool she crop now On and void iriIlg
at least #auf landFed and lGty millions I'D
d0llprs Nhifh kicks only a Ematl-@;ssoiiet bf
cur sprdsel.E lpdebtsdaes# The value jf
tic cytsPn 4xpest "a from Il g JfHifed ssatgk,
in ls65. pas ono hundred anil idaiy thrds
millions of Hellars This pes not include
the astea manufactured p the United
uhiEFii WAS 1t least 10000 baiek.-lEl
This as-elLI dollars bale would bsiBrt5
millions n5se, which would make the whole
value D! thR cotton crop Of thel South ID
1850, At siae the.a p.ices. t,s 3 hundred anil
thirty millions qf dollars, llearly half athIs
saouut Of par present DELFT. These facts
show tAe a1ilily Of the Confederate St@tds
to re,Ieen their circulation and ultimate III
to pay their whole debt Will out any severn
burdens on the people OF course it Wil
require years in whiehsto p. y this debt. bul
that it viii be done Will in a reasonable
time ne sane man can doubt It Is a nerB
question ofpolicy whether e shall pay shR
debt ia few years, by y-1faxationI of
whether we shall pay the interest anu dc fef
the payment Of he principal luurl thl
wealth pr tic country 50 increases as 70 euF
able it ia bq done without much ineolseniH
cnee. We asree1#ith our correspondent
that dnringlthc war the taxes should be IN
creased so as to decrease thelcirculation and
improve the currency. The decrease #oE
prices when would ollow tie decrease oh
circulation would compensate the people
for the increase of taAcs and would lverJI
materially strengthen the GoFernncnt.
We will pursue this subject in faturaI
articles. H