Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-09-09
THE CURREyCY-R T64 PRICE


THE CURRENCY HIGH PRICES
Toe depreeiaed condition Of'the currency, ard the
consequences OF the redundant circulation, are prOu
u5n topics Of discussion in !e press throughout The
CoAfvdesey at this tine. EItors aod correspondents
are venstng their views and suggesting various rene
u for ,he ev which the excessive cf Treasury
notes h.ve srOustl upon the country. AT Enterprise,
Mss toe citizens have organised association 70 put
down speculation aaj e1tor.iOa The whole county,
seems be aroused this subject and tie universal
cry is something nust be done
As specimens Of the various opinions advanced, Se
copy few extracts, commencing with the views OF a
"ra1 Payer" in the Mobile Register;
Tnere seems 70 be but one remedy for ths currency
ou.stiol aud that is taxation Let the President cal
Congress together without delay, aud th-yleyy spt
a tax upoa IN property owned in the CuhfedeTacy,
iOr tie purpose o. retiring CoufedAaa Treasury Notes
LIST this De lug, enough q be chSeni; eoe Is no
dagger OF Oppre sing or hunting any one By hi "a taN
vi "a sue a volume OF circulating 10, dunn a. Ne have
10 zoe CJu.edsa-y thS tme BO~ Is j; possible 10
oyso s. p-cTlc by taxation, waen pet pigs nine o.
-Ivu months O.d, OTh fifty dccrs, old cows, his
have been iami pets Tor twenty i've !ens, one hun
died dollars; CrWuoa houses and mules, FROM three u
L. hundred dollars bacon one 70 one dOlsr sui ny
csuls PER poi.d, Sc, j.
As ,hng5 Ioy -utd, 10 Que wisl's 10 sell p-O
:erty but all wish 70 bay Sar the tax coll co, ami
ere tor the notes un1 desire 20 sci PsPtIty for
ZEN will be ap. 70 foIoS TIE To Of "a ev lies
t-Ie, volume o. OCr Circulating medium ro--
a. iuc.,8s & Nhl. the property It rePIe =, q
rather the property Tor VII ch il acts me ilm of eG
cttrg- betEeeu individual and individual : con-
s.lqIy diminishing ~ Quantity frou the Sni ,e4r
uoid "a. % war. SpsU ,Oa aud sxtOrtOl are ocuhd
q 20 on 50 l1ny Lie cy continues 10 cePre
c a,s and j, vii dS1rrcists lOly is volume sin
c eAsilg TOT, " 0Es 81 certainly thas water
nm don FHslaU Tea 10 in
30 o. the curelry Jsnces this price OF properly aud
ID re are few pe 40 VOL desle 10 sell properly
tg-dly if they ta. ct would be worth more a fc
weeks or mon ls -euca; aad bIt lev who would not
Luy day il thsy usst there woelt b. chance %
4 Tor profs a month or two hence.
The Lynchbarg VrgitidA publishes letter from
citizen Of that pae, his friend in distant county IN
which he presents the contrast between farmers and
those who are no. in very strong light;
Tee farmers appear - know very little Of the nten
suffering ha Is ,st oy Inc s1Orbtnt prices Of their
produces Taey ,in ct the eIsortion Of the mel
chants md psrh ps NOT Without good reason; hus as
am Al inparta Ugs.iysr OF IN conduct OF the Two
classes hope you ii! allow 4, II spiri OF franA
usss 10 give you the te ehs If ny observation Hcu
kuoa that l an neither ErISLsut ror specu'a or,
aud therefore you vii admit t7at an Impair lSl. The
merchant has 10. oU!y % carefully watch but 10 visit
distant markets 20 enI0is him select such merchandise
a. viii seit hi5raje-ths Is procured with much uoube
al grely enhan ei prices and pcd on his sheyes Al
great eSpsase His house rent his clerks hire aud his
taxes have been largely igcea ed ard ye b. is deFen-
den on the farmer everything that brought TO hs
table, which costs IN IRON one 70 two thousand per
eeut upon former prices. GOI will admi. that the
chant gu b. make reasonable profit over and above
excuses, and dJuOl Eheth he q doing much more
100. How stands toe Ease with tie iArmery lie has
same land the same labor, gDd the same hCcks and
herds that ne pOse SD be the war; and that be.
Lsicent Being who has promised that "seed tne ami
harvest s1al never Tail" and who sndeth his "rsin
ur0n the Gst and Ile NJ lsL Is sill unchanged,
sVIenCed by tue bounuul crops that cover the WhOe
ad Tue farmer then s hv.ng, a; this time, upon all
lts fsss # the uj at greater actual cost 10 him,
,sj than Jctrs he eur, Nhls be Is receiving tor his
Surplus produce irOm 10 tEO thousand per cent.
over peaee prices. The farmer "a he IS prudent mao,
is entirely independent Of the merchant, except for
lev ueyes5args-suSh a. irOu steel &c. He can make
his Oxu clothing, be make his leather, and be
can even make his sugar ald coffee" II the
chIals tie OIy eas dependent upon the farmer,
tl,y * De lett fight the struggle but there is
d uum .rols 81 So among Which the des u:e fam
VI sCjiers, Who are, almost wholly, dependent upon
LJ:i merchant and flruer
Common sense" has taken h)ld of the subject, aud
u4ass kaOwa his opinions ,hrOusi the Charleston
Courier. he says:
81 VIA, the Inevitable consequence oil this steady
iGHltOu og prices. II ia in this struggle, the
Of debs all be ltt.r II moment; for the fixed
intention Of our foe IS 10 c0hlzcae al property,
q
VI az our large debt? You farmers will have 10 pay
ni2eteeEN ne,0 OF it for that is your proportion Of
cur sbol pJEuatiO and axAble pc. perry. Then Why
will you Increase il D. ehargrg you- Government four
i've umss The real value o. every article /. has 10 pull
chase from you: These hign prices constantly beeom-
/ < higher bJ your OEn eXactous, can DO met only by
/ suing acdtcnh mlCns d-b: which you Il last, ,r
yyur children must Pay.
Is there no remedy ior ,hi' frgh.fu evils Thers i,
and it is in your hands. PC. your wheat at 49, your
eJru $50 per buslel your ,tle $500 EACH your
horses 81 OOJ and 81 500 eaea youreoJtoa a. 81 pr
pound your wood 81 $50 per cord aud What vii tho
r,sul sin net ,hc picc Of living go sill higher
Could you ten buy mcl, from tie butcher; douF meal
bicy1 and ud from The grocer hides from the tanner
ices fr5m the sloemaktg; cotton goods, iron raj =
g.. from be merchant mitH, - the pr that
even H0r current? Would al these things seOn 90
beyond the reach Of the middle and poor class?
But reverse this Put I'll these ces that you raj
or produce from the soil its yield at reasonable fg
arss, thea the price Of lining vii down q
sJuabe standard the credit Of government will 60
ug aud tie soldier in the field Wi have the pleasant
Assurance ina. hS vie aad his little ones a. home nee
no. suffer.
Tue remedy yours You can apply it if you will.
Whel on do 80 you will 6ld that you are the chief
gaioers because you are ths CHI CO sumers. II ycu
getle for your matera you will pay less Tor the
mlnusac ured article; and yOor reduction Of pices
thus cones JlcS YOU IN the iorm CT drScs benefits
liz Une yea should seriously think OF this, for II
you PERSIST in present course Of deprCciang your
GJv5rnm us credit, the you sell eu; 60 the
Yankees the better for you.
THE CONFEDERATE COTTON BONDS.
Ttese bonds ere nov offered by the Government at
$3.50 They bear interest at the rate Of six Ter cent,
.tls oppuellv in roo,i az. roj8 On the 6r.l day OF