Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-01-31
.ltlrtliL.lsp teslslafliL.
th,nAk fsn sn.iy

49, .-.-------. - ,--ce IT,,
Inc pFcpoStion loh s-4'7''i''.' 80 VIZ
hoods W IA ssrnn sats Fressnei IN % AaJ Hi1eren'
soss that will be dneult to SECURE tl"' rHof'n9 81 a
% the part Of the State Lesstares when nsTs
- yet seen no plan Of proceeding Eheh i
than that sdopted BY the Son'h osr"hht Les f seI
passed by that body proposes 70 guarantee
bonds to an amount equal 70 the proponione se u hs
State Of the um Of 10 the ratio Of ae
OF sad staten Of tne s@loh O. ~ %
States and reserves to eSshs Of souih ns
purchase the ponds % eiaran'esah mere DC no
These p'oThOni Of Tie act commend emseVs' 70 our
val, because
The guaranty oIhe entire debt would impair he
the States and perhaps defeat the oSec Fought TO Sc
attained by the guaranty The States undoubtedly legally
well morally bound for the obligations Of tr eosm"n
SCENT Confederate Government but such the "senVs
Of capital the sharpness OF capitalists that The specific
guaranty Of theft respective proportions Of or eshshuE-
dred mots OF dollars By the several Sta would probably
render the bonds guaranteed or ,t by them OF no higher
value 10 the Market than Confederate bonf without the guar
sniy In our judgment therefore, the South cAr0na Les'-
ture acted wisely In proposing the guaranty Of prescribed And
limited amount Of bonds, TO be Issued hereafter
3D. No farer mode OF determining the smoano be
could Be agreed upon than that adopted BY he same leg
In States occupied part BY the enemy the proportion could Dc
lessehed according to the population within the lines Of the
enemy.
3D. The separate guaranty oy eaeh a'aN H'ua aver WE "
lay Involved 10 A"aphs me nPioUao'e uH'o' " 80" -
The several states and would therefore ensure ne
Confederate STATES '"me OF 'oe so'An'Ase' sAP'ee"
rived from the guaranty
t' The reservation 70 TIE constituency OF eaeh STATE
men' endorsing the suafAh'ee-he P""ese o' Uu''ns ' ~
tuAahseo' "hen SOU Ni'nh VIC MINUS '" '"e -
there be no higher bdder-is manifssIly just
The Secretary OF the Treasury his report Congress,
,,. "a ,h v,,,,,. ..,,o, ~ souh ,ralna ard A.u. A.
's"" " N '"e ~ s,.,--, -
evlnelns The importance OF sens aehn'se ian ns ION
ree. "rs probable he says. "ts. every state Will eordi
y remand 10 such plan aud sustain the credit Of the oy.n
Hv ,,spoau y 'Is" ~. 80
nsnI Is question deNo'sdon eopsressh aees~ snr re-
curing careful eonsdsrAn The plan adopts should
% IN, s,.. ar either a, them and hs
0'.sN0n.s'e " 'as s'' " 'N'ea % .nsu' A"u -
OF the objects Of the guaranty Whatever plan sdof must
b. nsc.sy drsrent from some other proposed by ID
legislature. ,hh b.y. Already ,cd unon tbs ,ub.c, Al Dr.
go, =. s,..,v. No h,,,.r ID. =, ,T ,,h a.. ts., a..
passage Of authorizing the Secretary Treasury
see.p, IN. guaranty by uhv State NJ the hands n. The Car
deafe States 20 an amount not exceeding The ratio Of
Of said state the House Of Representatives syn Of
y, 800 mons-tbe said bond, when so guaranteed be- ,u.
V"'I' ~ ~ y N' $50
0f disposed Of as oonsFs nay hereafter direct and 9'0A
s.r, -, -, ., ,.-,r az,
highest bid, FROM citizens OF another State. =;
The bonds would then BE- subject 70 the control Of Cameras "a
essnt Abroad solo, or used AZ means Of tne alb
sorpOn the currency policy and circumstance. deter
NJ
s.n.,s ssv.rsI aav. o,o nv Mr. Hrn,sr a, T, ,s n,,
- - = a., " 80 " '.P"N"
The bU a, nov presented constitutes The financial measure. re-
commended bv III. said COMMITTEES. anyn The hin an
elaborate report prepared by Mr. Hunter the owing extracts
from Will Indicate provision. the @ Is re-
ported, insby perhaps to the re,dsr,
TT IT,. =, ,,,v,,. ann. mod. ., .so
OoODOO currency lssueL in year To Ct this
object Congress- at liz last session. declared hat the privilege
ansSs n 10 SoaSI Ssa1s per cent nes should esa.e
@ ta"dIns Of s nn I mr.. s,s I'm ers,Y ~ nc
Treasury has recommended that shall fund them