New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-12-21

will procure VI LII ROld, ana tho ihaiBA po'"ooi
tAsm is diminishing. In Richmond, BIS il
"GreybackS" is required for gold dollar, ant
the margin between them is widening. In
word, our paper currency is, in tho capitals o
the tive belligerents, worth foil ton times a.
much Is theirs.
To csnS us forward TO January. 1865, nc
novel system of finance, scarcely any new leg
isatin, is Necessary. Mr.. Chase informs III
that deposits for Temporary loans with TIT
Treasurer and his Assistance, will give him a.
least So, OOO, 900, and we doubt not it can b.
made r. furnish him double Aat amount. The
Five. Twentes yet msold will give him more
than 600, 900, OOO and that very speedily. III
needs to borrow some $500, 900, 900 to cary The
war on ward to the close of thi fiscal year, june
30 He is certain he can obtain this amount al
moderate rate of interest. II, in consequence
of q laggard policy in the field. the war should
be protrsctod ill the middle of 1865 (and we Do
not see how, unless we 80 will it, the Rebels can
hold out 30 long) he is equally confident ho can
obtain the four or five hundred additional mil
lions for this object, and at reasonable rote OF
interest end on fair terms. so much Tor the
Northern aspect of the question.
Let us turn our eye Southwark The Report
of Memmingcr, like the Message of Davis, Is
frank document He developos the dolefnl con-
d,lou Of his Golfers with a sincerity that seems
to draw its inspiration from despair. iI''
scheme of relief is practical repudntion The
"Coufcderscy owes debt of thousand mil
lions. Of this sum, on the 18th OF December,
Sl9I. 623, $50 was in Treasury Notes, bearing
no interest, and worth in coin about seven cents
per dollar. Memmngor proposes TO authorN
Confederate loan in the snug sum oil ono
Thousand Millions Of Dollar, in 6 per cent y
year bonds. Then to ley tax Of 8 per cent
on all property and credits" in tho Coned'
cracy. to pay the interest. Then. TO compel all
persons who hold these Treasury Notes,
10 fund them in this new stock by
the first of April next, or see them
repudiated by the Government. giving how
ever those luckless traitors living west OF the
Mississippi. on account Of the unwarrantaDlc
interference Of Gen. Grant till the lst OF July
to fund theirs; and SIX months from the lst OF
April the notes TO be declared utterly worthless
Those now holding eight per cent Confederate
Stock, are 10 be allowed To take this new SIX pei
cent stock n, par. and those now holding stocks
drawing lesser rate Of interest to be sealed
accordingly In the mean time, 500, OOO, Ooo
of new Treasury notes are Ia be Issued, IL
run" the current business Of the Coniederacy.
In fine, Mcmminger proposes Ia create a ne"
debt, and compel the holders Of the old one "a
merge their notes and bonds In IT, on such
terms as he prescribcs OF the terms being
that the new debt ia 10 DO smaller and draw d
lesser rate 81 interest than the oli-or submit
10 reputation. And be promises 70 Try and
make the new deb, better than the old, by
forced lcycs under the name of taxes.
Such are the reports, such the plans, stch the
hopes of the two financial Secretaries. III,
one. relying upon the patriotism Of the people,
the resources Of tho country, and the justice OF
our cause is confident, buoyAnt. The other,
drawing courage from despair would emerge
from the difficulties that surround him BY repu-
dla,ion and coercion. They are fl, exponcnts Of
the principles and policy Of thu two powers IN
whose behalf they speak