Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1863-07-15

OF ihcir regulir Luslpess, The excess u
Treasury u0tes In circulation, beyond the
amount natural for circulating med.uW
In time OF war, Is the measure OF profit 90
our own people siHce tho war commenced.
lr Two hundred millions be- the amount ~
medium, and there are six hundred mil
lions Ia circulation, then some ot our own
people have accumulated profit to the extent
ofl1ur hundred millions, This prof, ought
TO be land naturally would bcl Tor per-
mapcn, Investment.
Practical patriotism directs that 10 should
be invested In the iWnd' OF the Govern
mont; aul that same patriotism dcyJlvcs
the duty upon the individual making the
profit Who is ha II Is the planter who
has sold his cotton for % or 30 cents, in
stead of tho usual 10 cents; Il IL the farya.
or who has sold his wheat, corn or stock
for two or three times the usual price; It is
the mechanic OF manufacturer who gets
four or i've prices for his industryi II is the
merchant or trader who makes enormous
profits on bis Investments indeed, all clas-
scg who make moro than they consume and
moro than is required in usual legitimate
business lie; these show their confidence
in the Government, and their love OF 'hG
cause, by funding instead Of searching
every whore. for chances Of s9cculationi
and then the currency will soon run down
to its proper level. The faith Of the Gov
ernment is az much pledged, the resources
of the Confederate States Gs much bound by
this scheme as they can be by any other.
The resources are ample, flour independent
&C is once attained. lie who distrusts the
securities Of the Government, cithcr doubts
our success or the good faith Of orr people
There IS no other alternative. II the hrsN
and YOU hold back for that reason what is
any investment you make worth ~ on
only add to the chances Of losing all you
have; for you live in "a disloyal State
whero all property will be claimed by the
oncmy, if he is successful. II the second,
have 10 answer to make. 81 had rather
be an Atheist clean than to doubt the
disposition Of our people to pay the money
portion of the price Of our liberty The
matter may be stated thus: Seeing we can
Outright the enemy, and cannot be starved
out our cause depends for its success upon
sustaining our finances; our finances may
be sustained by funding the excess of
Treasury Notes; the excess Of Treasury
Notes are in the hands of citizens who
have made that much profit on their origi-
nal capital, and can, therefore, afford to
invest in the funds. If our finances fail,
and therefore, the cause, who is responsi-
BILE? Let each citizen answer for himself
and not for another. If our own duty is
performed, our own conscience is clear;
if others fail, it is to their condemnation
not ours.
Under our system the Confederate and
State authorities are really branches of
ono and thu came government, OUtlI- being
necessary to the execution of all the duties
naturally appcrtainiug to Government.
1t is very essential then, especially in time
Of war--and such q warthat harmony
should exist between them, and that each
should be ruled by an earnest spirit and
determination to cooperate with the other
in the execution of the func tions assigned
to that other. In Texas, and for Texas in
the management of foreign affairs, the
| Government Of the Confederate States is
| tho Government of Texas, having specific
| functions assigned it by the sovereignty Of
Texas. in the Constitution. All its con-
stitu,ional acts are done in the high name
and on behalf Of that Sovercign--the pco-
pie of this State. No more can be said for
| the State Government. Its duties, general
| ly, touch us more nearly, as having re-
| ference to the domestic relations to moral
| and intellectual progress, to personal Sc
| curity and physical development; yet, it
HE the other is an agent of the sovereign,
with powers clearly defined and limited;
! and can only claim respect for its constiu-
| tionGl acts--all others being usurpations.
| The people Of Texas in Texas, alone, pos
sess the absolute title Of sovereignty. That
sovereignty made the Cons stitution of the
| State, and that Of The Confederate States,
! so far as it affects us, and declared them to
| be supreme organic laW-laW not only 10
! citizens and subjects, but more especially
| 10 the Governments instituted by those
| Constitutions, and to all officers civil or
military; declared them TO be law even in-
to the sovereign with itself, by fixing the
modes of its expression. Who, then, is so
! high that the Constitution does not bind
him? If there be such, let him disregard
it, upon his own excuse or without any;
but let no other upon the ground of ''neces-
sity, the tyrant's plea" attempt it. Those
Governments possess amplcc institutional
powers, to execute all their functions in
peace or war These powers are not al
ways lodged in the discretion of those most
apt to exercise them. Where they are
calculated to infringe those ancient chart
ers of civil liberty and personal freedom,
won by our race in ages past, and since,
ever sacredly maintained, the legislative
department have TO declare the NECESSITY
| before the Executive is allowed any dis
/ cretion. The best means of maintaining
/ harmony between the State and Confederate
| Governments, and between either or both
of them and the people, is scrupulous re-
| gard, on all hands, for the principles and
/ restraints of the Constitution. If power
is questionable, and yet appears necessary
! ii is easy for the executive or military
I officer TO take the advice of the law officers
/ Of the Government before he attempts its
exercise. If the State Government or peo-
pie believe undue authority is used let
/ them kindly but firmly insist that it shall
DC so no longer. If this course is pursued,
( private rghts and public harmony will be
/ equally preserved. The military authori-
Z ties and all others know that our people
are not ready TO submit to unnecessary and
unconstitutional, arbitrary power; on the
other hand the people believe in the good
faith, and have confidence in the inten-
tions Of the authorities, and look 10 them,
where excesses, in the exercise Of power,
are committed 10 correct them. In any