Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1863-09-03
Letter on the Finnncss
RICHMOND, August IS, 1868.
To the Editor of the Sentinel:

conscript rerorcement- hrh them to carry an Or
pauized fu eff Or Eeverrl to come
The strife OF the battle field necessarily fuctuates some
times carving OF he beliRerents on the wave vc
this xp+ cted THU OF course There may De
souls NAV be Tlieg accept Yankee vassalage the
price honorable peace hut the undauned spirit OF
our peope has shown itself will continue to show
itself equal to the all rpects The energy wis
and devtion which have ms ked the cor
rails and the vaor and fortitue sol
dierp give the conclusive that cause will
be trinpphanly upheld to the end provided the ced OF
| cur money system be efectually su taaed.
hppens that the enemy in the very nature Ct ta1 5s
and rest heir road to snbjugaton They must actually
conquer U.s. and hold us ny force 6s as aed
leave epose and in possession Of Independence we
men ard We ed not now fear weaker .us CT
waning strength Lfct those vital wounds from
do no hiuk exAggerate when expressing tie opinion
that Notwithstanding the recent heavy are
mta or c qus iap pes
of the 1t is that two years and half pass
ed coh ct Of such unparalleled violence could not fail 10
press heavily upon spirits Of country
But the present stern faint and esoue temper both OF
every Ccnfede sustained by The OF
20 die with arms in his hands rather than to
live under the scourge of degrading aud p,tless oppres
son should the Washington Government Of the hope
lessness of it's unprincipled Invasion
Already too quite evident that our mcnater enemy,
like whale in his dyioe furry begins to SPOUT blood
The prevalence of faction the debt increasing
daily by millions, armed resistance to the dra In some
Places and corrupt purchased exen p'on IN a'ge
|
and Cities Imminent peril of foreign compica-
ions the dangerous d,aection of large bodies Of people
they used and cheated by their Eastern allies
and the consciousness OF almost every ,nelgent man IN
the United States tn IT his mcst precious liberties are
threatened with struction present TACT" calculated to
convGc= thnt the Abolition Government must be far
weaker to- ay contest than at
when supported by fresh united and enthusiastic people,
then seassured ct speedy success me iear Of the 30
swo'5 vi b nrmsaksble menace above The necks of
| ma rf thpirD
wine eivien TO their military and political
Of Oliver .ronwe, WIZ re subjng British PEG
and them to pass under the yoke OF his Puritan
tiots have appoiaed mi general to the Command
IF ct with iuprison insult
and cree all who may be dsossu not 10 s'nH u me
policy they have prescribed These msj generals
polls what the pretended objects If their
pointmen be their particular instruc'ious like those
tons shall result favorable to the wishes OF their
Lincoln AID his Supporters are perfectly aware that the
Northern when seen gtterrg behind either real
pretended civil power.
The elections of ast spring, by which New York and
New Jersy emancpaed themselves al several her pow
eru' States Slipping from their gasp led the
termiued permit their opponents enjoy such happy
agau. Burnside, schenck and Dix have already
to the what they
the reign of military tyranny the ballot box
fail to such demonstrations keeny
and appr caed by those aga st hom they have been
nsuti gy ce:ed. In addition to this degrading devel
opment which large portion Of the Norhern people
n plainly conscious, every male citizen OF that
happy II nd the whites and negroes occupying
v The same relations of military ecu Atty ha been enrol
ie d tor a soldier sub ec to the Min
gences OF the while every ntn who Is Into the
that he becomes absolute hopeless ave for
three inc xorable years.
Besides these consider atoms the people of The United
States beginning to learn that while has cost nearly
million money aid five huadfed thousand
lives ard acquire possession Ct CERTAIN towns aud to
make within the territory of the Coned
erate states they nevertheless d, not enjoy day of
dollar OF profit 10 their domnion these
New6ern Nooik Pensacola vlcksnurg, are disoov,
cred after all but gravyArds for thousands
of thous Of Yankee sodas and exhaustess
which absorb millions on lioDs of Yankee golj. They
begin to perceive that every CITY aud every tno OF south
power, will remain fatal expense their hands, antl
they may oced by exhaustion to offer peace, 1t will
be apparent to them, have doubt that the
whole value OF 1ke the Mississippi month by
month will not nearly equal the cost of maintaining mill
tary cohtro Of the doubtful waters OF That long aud easily
ialpeded river.
For these reasons and Others Ct space to men
tionj think all rejecting may reasonably conclude
that Notwithstanding the superiority of the enemy in point
has heretofore y their advantages
respe shall be able to meet them army aiust
on III atrocious and speed thrift way In the state OF the
finances the most serious difficulty have solve
tioa il comparison with gold, which aways 8,
y only standard of value the popular apprehension
The prices OF food and all commodities in quence OF
this, have been dsasrcusly enhanced snd the military
penses Of tie Government proportioDae!y increased
that This depreciation has cccasioned
by COL ience in the final triumph of
our bertes nave been established We I'll know aid have
always KNOWN that should Government be uverthInWn
country subugated the Confederate money would
prosper result now, did in Nay and June, 1862
that New Orleans Hilton Heal, Fort Donelson,
and Norfolk bad fallen, Manassas yorktown
had been evacuated, Vcksburg aud Port Hu9soG could
have seized by halt dozen gunboats, and Richmond
apparently in the very grasp of the and yet
at tina tme dollar and til three Trea
suty bought in gold Now, by strange de-
their value those who hold hese
parenty them at ten twelve for in gold. II
these msany appreciated only in certain
temptble transactions for few thousand dollars in gold
Tor exceptional purposes it would not much matter
but people have generally compute the value
of the at the rate, until this deporabe depre
ciaon silly it Injurious every
of business and every kind Ct contract.
Nevertheless these notes all the purposes cir
culation ordinary Dealings and usually
payment Of de bis All salaried officers and employees
the Government both vii and military receive for
upon their face. The army navy are paid in
them like TERMS and the Government receives them
dollar for dollar in ment for taxes Here oo have
the slngu spectacle OF one portion Of people
considerable and important portion of them receiving our
currency payment of srduous services were so
much coin while another portion insists treating tie
treasury notes in circulation having one-tenth or
Twelfth part of the value Of specie medium.
In the eht of experience we can all clearly com.
prehend that could the magnitude and duration war
have been toreseen when hosties commenced the
rency might hsve been placed impregnable founda-
ton. Vt only necessary have things to &C
complish this result.
First To have worded the law granting authority to omit
notes so as to have limited the successive
for purposes of currency to certain def
ne periods respectve ysay from the date issue
and to have funded them bearing treasury
notes or bonds at and cent the might be-
after the exp raton of such periods
Second. TO have purchased liable to the
conditions already described $500 coo Of cotton at
eight pound, at which price would then have
been freely sold by the planters While the funding
suggested would constantly have cleared way
of paper and prevented Redundant accu-
mutation OF currency it il that $40
Ia