Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-10-30
800, 00n.l "a th,, nf .necIa Thsse bonds % be

on basis equal 10 that Of SPECIE These bonds 70 De
made psyabe 10 bearer without Interest," one year. or
ton years after the wa nc any other tune tat ngu
be deemed wisest aud TO be to tho holder
COVER: men stock which will secure to MN MS snare VI
sny dividends the government may be aDle AFTER paying
49, ross;no debts to declare. The loan to be made
nv inst and fair assessment Of the properly oil the
nso1e discriminating in favor of those who have los
ard 1;,st those who have made property during the
war For the destruction OF private properly mas peen
so enormous that the losses of individuals viii haruy
hs made up TO them after the war; and it is emlnen'
80 tbst thew who have been made rich by the war,
sbonld nav for it. Such discrimination itself Woud
give the measure popularity especially among the SOL
diers who would be glad 10 see those who nave beeu
sing fat off their llbors privaons tolls and bioou
bear lust proportion of tie burdens
Thus having established basis let there DC an ISSUE
Of demand notes, with which treasury notes may De
bought up at great discount, and when notes wiz NC
at mr. because they rest property basis ln o'ner
~ rds We will have national bank, IN which the people
are the stockholders the notes OF which are
on demand in these individual bonds, which oonds VIII
be secured first by lien on vastly more properly tnau
they represent and then by tne ah u tne no,
Having thus currency established on soid OASIS no'
liable TO fuctuate because it rests on properIy-Me
rassnrv notes that were not bought up would De rapdy
funded Then money tax sufficient to pay our cur
rent expenses would complete the 81 stem'
After the war; facilities for raising revenue y e1
mort aud Import duties would make this government
stock in few years profitable; which, getting INTO Tue
HANDS Of moneyed men, would interest capital directly IN
the stability and prosperity of the government ana II
wouId thus be established upon rock from "hlch LIZ
ordinary convulsion could move it, making even oui
national debt blessing to US , :,
Much of the wealth of Kentucky was invested u
property in the North States, and we nave seer
now hard il has been to break loose her hold on the ole
Union. r s.,;., -
This plan as compared with the ''pan OF financial re-
lief" proposed by the committee Gu banks oil the houSt
of Delegates, has the following advantages: IL Is
forced loan the other is voluntary The former there
fore has ali the advantages over the latter that the
scrotion law has over any system OF volunteering anC
ia to be supported by precisely the same arguments
One is certain and speedy for as soon ~ IL 10 auopeu
onr currency Is secure and Confederate bonds Will rs'
in consequence The other, at least Will De sioW aN
NAV fail because it is voluntary. II we rely on IT. ahC
II do fail our financial ruin is certain. In the one case
the Certificates OF stock bear no interest," and cohse
ouenty do not thus increase the public debt. III t1'
ther the Confederate bonds do Lear SIX per cent h-
terest which will more than double the debt when lheI
are redeemabe In addition to which the resources
the government will be crippled by their peinB e1eP
from taxation The one aims not only at the reuucuoi
of the volume Of the circulation, within reasonable
limits but il aims also at establishing the currency on
6rm basis The other aims only at the hrst and Woui'
accomplish that by what is 10 effect the same thing
eh, cting the funding OF the debt by giving rulnou
bonus W induce capitalists 10 buy Confederate oonEs