Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-11-17
Financial Relief.

The following preamble and resolutions suggesting
a scheme Of I'm lncal relief, we're adopted BY con-
vsution of representatives from the several banks Of
ouh Carolina lately held in that State, and ordered 10
bs presented to the Convention Of Bank RepresentA-
ves for the Confederate SAFES called to meet yester-
DIV In Augusta, Georgia Toe main features Of this
.obsms have been heretofore submitted through the
Dres.. and very favor4bly received by the public:
Whereas, experience has demonstrated that the dues
IN bs by the Government and for which Trea-
sury notes arc made receivable, are inadequate 70 alb
sorb n Auhhcent amount OF the notes 70 prevent tie
evils of an excessive paper curreLcy and Is deemed
essential 70 the interests OF The people ana The Govern
ment that the right pay all Governments duss their
.suas should be- waived ny the people 10 certain eI-
tent and measures be adopted by the Government 10
redeem or fund toe entire amount OF tho said issues
so much A shall redace the Of the currency two
hundred millions (S20O OOO,OOO) or less. For the &C
complishment Of hls object the following measures
recommended 10 the country and tAe Government by
this meeting:
/ That new issue Of coupon bonds be made to the
amount of one thousand millions Of dolars-the bonds
bearing six per cent interest," the coupons payable
nuAly in coin. ,
q That an act be passed levying Q tar Of sixty mil
lions of dolars-to be collected annually during the
whole period Of the sAid lOGnior the payment OF the
on the above bonds; that the said shall be
paid in CON- and that the coupons OF the above bond
De received the payment OF this tax IN lieu OF coin
g. That before the said bonds shall be offered Tor
sale in any other manner, they shA first be Appor-
TONED among the States the Confsdsracy, and that
Com missioner be appointed for each SCAse 10 make
known 10 the taXpayers IN each Collection District the
ne essty OF providing themselves with q liHcient
amount of bonds 10 pay this specific tax and who shall
sell at par, in each District, The sm1unt of bonds
quited aad that Treasury notes Of all issues be
ceived 10 payment for the bonds.
That ali existing distinction between treasury notes
of different issues anu dates DO abolished.
g. Ihat the interest on the stock OF fifteen mil
Ion loan be paid by checks the Treasury and that
toe said checks be received IN payment OF the export
duty on cotton IN the manner a. the coupons
the bonds OF the same loan.
6. That i've per cent oa loan be established sim
1r to the frat original call Loan and that all Treas
ar, notes be received the therefor and that
the present I've per cent and four per cent call loans
be abolished.
a. That the RICH. Of the holders Of Treasury notes
which upon their face fundA5ls In eight per
stock ought 10 he recognized, and eight per cent
ock a. short period, be provided for that purpose
and ASo that all the privileges attached 70 tue original
SIX per cent call lJAn be reiGstated.
g. vhAt an increased duy be levied on all imports
and exports dunK the uanoe OF the war, and that
the sane collected in coin approved bills on E9g
lanG Ffanoe.
O. That an Issue Department be created by the Gov
eruInent and kept separate from the Treasury Depart
ent whose duty IL shall be supply new issue Of Treas
uey notes in exchange for the amount that may remain
ia circulation Of the present issues, and that the
Issues shall express the face Of the bills that the
same are receivable In payment Of oil public dues
except such specifically required 70 be paid IN
CON.
10. That there should be an issue Of bills Of large
denomination say $1,000, $4,000 aud $40 CO. IL ,ient
to ac the transmission OF funds aud the Se;l .msnt
OF BALANCED