Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-02-14
OUR FINANCIAL POLICY.

TO The Editor of Tie Wig:
As the financial scheme of our Government is Of
vital Importance to every citizen, will mention an obi
lection that appears to TO be fatal to that proposed
by the Senate Committee in Mr. Hunters report that
Is, the effort to force the holders of Confederate
notes to bear au undue proportion If not the entire
burden of the To illustrate the oppression likely
arise from this system, take class the Bankers
and moneyed men, who have their entire estate invested
in individual bonds and notes and Government stocks
and although they may have already nvested=in Con
federate bonds oHehaif Of their entire estate yet under
the proposed system they will be under the necessity
either OF vestiag The remaining half in Confederate
bonds of refusing in future to receive Confederate
notes in payment Of debts due them from individuals
aud il is not difficult to conclude which alternative they
would adopt.
The question arises what shall be done to absorb this
large debt of the Governmenty II we consider for
whose benefit it is incurred, we may arrive at more
equitable conclusion If it is incurred to protect the
persons and property of every citizen then let tar be
imposed all persons and property thus protected
,Otn the Conederdey sufficient to absorb it, and every
will thereby be required TO loan the GOBernme, in
proportion to the benefits received and the credit of
the Government will be maintained, redundant cur
rency reduced within proper bounds and every citizen
directly interested in ultimate success, which
interest will be increased the progresses to its
Close thereby making heavy national Indebtedness
element of strength and not Of weakness, blessing
aud NOT curse. Then let the tax proposed by the
Treasurer be increased to $500 900 instead Of $780,
100000 and le scrip be issued to each tax payer for
tha ha ma IN ha GtnIad after fhp at
such interest Congress may then determine, and for
this debt and interest let the duties exports and i'm
ports be pledged by this every citizen will
be interested in maintaining the credit of the Govern
ment, and reputation rendered impossible.
Impose a tax Of $40 on each white and black poll
(exempng all privates and non.commissioned officers
in the army) and tax of fifty per cent. on all nett
profits realized by persons who may buy and sell again
any species of property, and may hope TO spec
ulaton checked. Let the Government receive cotton
grain clothing in payment Of this tax when offered
or collect the annually till the close of the war
and may expect to Confederate notes in active
demand iu every hamlet, town and city, and prices re-
duced to something like olden times.
This indebtedness of Government is TO none but ct
zens and surely will wish to hold large
OF property TILL the close oil the war; and look for others
the entire burden of prosecuting the war for
iis protection And Who that has out with the de
termination to lose ALL rather than be subugated will
not willingly give up half? But half is not necessary
for to whom will we give it up? The Government is
not asking for property but only fair division among
all the citizens Of the surplus clothing provisions and
munitions furnished by citiIens for the army. Then
every citizen in order to hold what property he has
would be stimulated to produce all the supplies required
by the Governpent conduct this war to a successful
termination; and these supplies being furnished, no
money at all is needed
1t is useless to theorseor declam to what we are
willing TO do for our independence The time has come
for prompt action, and the sooner heagy tar Is i'm
posed and put in train Of collection the better for all
concerned Our soldiers have suffered severely in their
persons, and who remain at home should cheerfuy
contribute just proportion of substance so long
rs needed 70 maintain CUR armies Any subterfuge TO
avoid it, will lead to dshOnGF, either in the OF
quidating the debt ablhdonng the war is the opn-
ion Of a CITIZEN or NORTH CAROLINA.
a