Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1863-11-25

The Currency and the South Carolina lBanks.
A convention of the representatives OF the South
Carolina banks, which is said to have been fully
attended, lately met at Columbia apd adopted
number Of measures for the ameliofation OF the cur
rency which they recommend to the attention OF
thescountry and government AS, we believe we
have not hitherto published the proceedings Of this
convention, we supply the omission by the follow
ing synopsis:
They propose, 1st new issue of coupon bonds
to the amount Of a thousand million dollars bearing
SIX per cent interest thecoup6ns to be paid IN coln
I'd. An act laying tax of sixty millions annu-.
ally during the term of the bonds for the OF
paving the interest on the whole sum to be raised
and that the be paid in coin, or the coupons o
said bonds in lieu thereof
3d. The superintendent of the bonds, before offer.
ed for sale, among the States, and the appointment
of commissioners in each State, with the speclhe
duty of making known to the taxpayers in each
collection district the necessity of having these cou
pom bonds, with proPortonats quantity o. WIFE, %h
for sale, each commissioner shall be provided: Inc
necessity of having the bonds arises from the CIR.
cumstaDce of the coupons being received IN lieu OF
4tb. The abolition Of all distinction between Treas.
ury notes of different issues and dates.
The 9th proposition regards the interest on Inc
stock of the fifteen million loan, which II proposes
to pay BY checks on the Treasury, making such
checks receivable in payment of the export duty on
cotton in the same manner as the coupons on the
bonds of the loan in question.
9Th. Proposes to abolish the present Eve and four
Der cent call loans and to substitute new i've per
cent call loan, for which all Treasury notes sna''
be receivable at the Treasury.
9TH. Recognizes the rights of holders Of eight per
cent notes fundable on their face and insists that
the privileges attached to the original six per cents
ought to be einstated.'
9Th. Recommends increased duties on imports
and exports until the end of the war, and payment
thereof in coin, or bills upon France or England.
9th. Recommends an issue department, to be Kept
separate from the Treasury Department. This issue
department is to supply new issues OF Treasury
notes in exchange for the amounts that may remain
in issue Of. the present circulation The new noteS
are to express on their face that they are receivable
for all public Dues except such as are spec'ncaiy
required to be paid in coin.
The 10Th recommends the issue of large bIlls-ot
81, 0oC aud $l0,Oo0-for the facility Of transmission
and settling balances, &c.
TIE ARcuDuks MACMILLAN AND THE THARoNE Or
MEx1co-The Paris correspondent of the London
Times writing upon the subject Of Maximilians &C.
ceptance of the throne of Mexico, says:
Whether the Archduke has mssivngs about the
state of affairs OF not it is rumored that his lmpe
rial Highness hestates accepting the crown offered
him by the assembly Of Notables, chosen by tho
French Minister q: Mexico. The ratification Of that
offered by means of universal suffrage the French
General will Of course take care to have properly
executed that on this score there will be no dill
fcuhy. The other point, that of the guarantees
deemed indispensable by the Aarchduke, is not SO
certain. To guarantee the integrity Of an empire
and loan at the same time, are obligations which,
it is to be feared, the French Chambers will not
very willingly assume Hitherto the Mexican war
has not been viewed hvorably by any one, and
proposal to guarantees loan or to guarantee the
throne against YANKEE aggression, could not
think, ercite much ent6usiasm If the Archduke
does not accept the Emperor will probably look gu:
for another candidate but in the meantime, the
army must remain till the edifice of Mexican regen-
Grafton is crowned by the election of sovereign.
Many people are Of opinion that the best thing
the Emperor could do l. to anna Nerico at once
to tho crown Of France. Il would require no doubt
larger army than is now there. The thirty thou
sand men already in possession command the CON-
munications between Vera Cruz and the capital
They have not gone much into the interior, for the
very satisfactory reason given by the General in
command-that the rainy season, which has hith.,
erto rendered tho roads impossible, retards the
complete humiliation of Juarez and his brigands
The heat and rain which prevailed from the vernal
equinox to October, ara, however, BY this time
over judging from what has occurred in Algeria,
where for years army of 100 600 had to be kept,
it would require from the vastly larger territory of
Mexico at least twice as many. The advantages OF
annexation would perhaps not be immediate, out
thev could como at last !; and however unpopular
the. expedtion has been from the beginning, the
French could most probably feel proud Of posse.
sing a great truns- Atlaate empire teemd"g U'th
res0urces.
In accordance with the request ofthe Secretary OF
War, the Commissioners Of Apprasement in the
several Confederate States met in Convention in the
civ of Augusta on the 26th. A portion of their
nroceedincs will be found in another column, from
which it will be seen that resolution was passed
recommending, as the most effective mode Of caus-
ing the prices fixed BY the Commissioners in the
several States to be observed by sellers and 2urcha
sers the imposition of tax articles sold over the
schedule prices equal to the amount Of the difference
between the schedule price and that at which the
article is sold. We do not know how this plan
would work, but it appears to US more feasible than
any other that we have seen proposed. A per cent
age on the price would but increase the cost to the
consumer without affecting the seller. Unless some.
thing done and that speedily, We fear the country
will be ruined. We cannot stand up under the
pressure of two dollars pound Tor meat, one hun.
bred dollars barrel for -four, dollars bushel
for corn, and all other things in proportion Our
money is not issued in greater profusion than Yam
kee money is. and if we expect to gain our ndepen'
dence it ought to be in as good credit; why then
should be SO much deprecated a. to take ten or
eleven dollars to equal one in specie, while $l4o
of Yankee money will buy one dollar in goid.-H'It''
| boro Recorder
The Japanese possess the art of dwar6ng and
magn,fying vegetable products in an extraordinary
| manner. A recent traveller states that he saw
plum tree, cherry tree, and a fig tree growing in