Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1863-01-13
E7asncIaL aosrirTos uT -ss ea0S7uT.

ITEHg .Gc0;c: 2S ;Hs proper rc!nG:E /" rc
iava me country from The burden CT :G il.
oreas;ng financ:s, load. To-day ~ p:ccea'i
t. cali attta.;er 20 sTal;er rie1--tilrs Of STATE
gisranty @nl i.ya! isa;'e' nor5s co.nhinc!
q t!e Ei:;:nrs Of IL E@qai5sr:
hs ti;, iiasncc5 OF t!,o :;oriE::a ;.'a1itIc-
1acy ID" Ea;7 attracting aGcii attention, anl
i!s credit is 81 paramount importance, any
auggcstun; which MAY tend 70 their i'm
provcmcnt merit grave consideration.
II is conceded that tna Sur3rahundencs O.
parar issues he's reduced thci- value, ca-
, HANGED tue price Of every article neadcI ty
trust OF their ultimate redemption; and
awakened spirit nf irardinate sPcci;,ation.
The question is presented: bow can his be
r.H!aisl !isD mo'is5 aaTn bern s:y3esto1.
one hy The government. viz: requiring tho
funding of tte prcaan! issncs III : per cent
bonds by & glTeI PET;a;', and tha ls7ae o:
| notes tundsb'e in per cent bonds: tna aLnor,
by tho State Eorern-ents iarigjnAting Tiin
Eirginisr Is guaranteeing tha Confederate
bonds. Permit u,e to suggest tE:rd. Let
the Confederate Cc7afa ament issue cae nun
, 6rod million dcl;sre in legal tender notes OF
Tsrio:.a flcnoHina:ic1s, which shall ne cx-
changed ia: tho present is5us5 by luEdinE
twn khi:ia and Teca;ri:iS ona-:h:.a =: 'esh:
tender rotea. Let this 1Ds GundraG million
doilsre o; isgal tsndcr notes be guaranteed by
.he scTersl Ssstes in their proper proportions,
and let them be bsfaadapls III 5 PcT cent bonds
at the expiration CT 5 years. Tnay would cor
st;ture the crrreGcv OF the country, rrc,:ld ,a-
:iro three hundred millions dollars Of the
rr.Ga.is ;;ss":.:%l, Tnul he ..:v:rat:e by i:.di
Yidue.s, arc :h9 State aud OO.,:adzrata Gay
; eruiuents for ai dehe5 due :h.m, and a.! feel
ing iu disi-uss III ile;F ultimate rsdcmyticr,
! would ba r.ciorG1 IL t':o l:sIriiif? ~ Ia.;,
CrI.f.:'sT-t. eai 2;at- s"TsrnnEu::i.
I,kis ccni;r:e;:ce ', or;;! lie i5:n7vnee HI ,!.c
TACT thni tbs gassaEtac oi'ha .s.;i:.:llT+ !:ate
! 63uii Re liEli:aG I, euU!ni nG: t:.enlilg -
the Confederate ,i.Iiis " !itA ty lCi:, ah
trioutad a,nnllgtt The !ns:s & ,t.a people;
would eiain -toic par value. Wishous such
guarantee, and Identify thb community at
large with :ho credit ?. INC !a;.fonara:s Cav
ornli;cut.
4 great indncencns TTori& ia 0ffaFed :1
all indebted to exchange thu yTess.: iasres
ior the lec.! tsr':rr uc:ei. as thus t}!ey you'd
l. enabled 70 i;,"et L.eir jnhi;:tes to ths e.
tent cf Iii1ae I.att:i THIS raca!rct gn'. he Ii
minsled circulation = Dui make them H1Ia
vslushu 1o til. creditor. TRo ohi"r;ioue NAV
be presented to tbs plan; [i:af, :aa wsn: Of
Consii! utians! authority in .hA Confederate
Government 70 iszue euch nGtoG- /! this OK
ISIS, aS e .Ecttar Of couTae; i ia irlaupeTsai
! hi;t iioeS MT such objection apply einslly 10
RE present CT any o:acT isa;ies al Treasury
actcs ~ tho i:nve:Enerti Ry What artaor-
it, cs, i Iais ths nr6re7ty Of iha c'i1eT' f0'
sucn antcg. as IS daily ii9ne: ns;e.;sr;ly cHd
2ropcc!y, j; II ee 1nr recognized :ha: Sh. i::B:
aonrpcnsntioa y given hin .as?cfa- rs re-
GHr-:d by the CnDs.!tn:ion G:d !: rG; 10
| !iiI1, S.av. nci equally St, te ais :.rsdi2rr
Iur I;3Wcs Co determine what afis. ccHat;-
tats legal t27lder Dust els. g2reThere,
eithsr in tse Gorfedecats CT State govern
;; .aorIa. The latter hsTc preclrdec tcoDasEtTes
f.c'': making anything hH; goid aT:'! silver E
legal tsrsi,r, nqt III, .icl Inhibition: s!tachG1
~ Lns :TG.e.; ard TIM implication seems ;rfe-
sist;hie :l:si- ~ rEe sr5ls3s f:o:aa7'H ni!: 81
scti0n IL: the e1:::ra !?ca:"t.era"v: aati ti,t'
Confederate KnTaiE:ae-! c&;. AInn> Eacrr@
ancn upity o. scioTl. Sai III soTs clossi.:i with
tie povel to regrln.o ;he rsire nj :,:oaay IN
!! t.ih.s G77;ade-ste States. SUR Power c-,t ID
properly exercised - IL
Ths second pbjectian G.as t:, iiiss a,.S H.
ii"n srf,;.i Es unJ"st aai ;aeErmiis:ii /! az
piicahie - aTtec:ia7: :i-n!s.
t,75,y isbtn7 i,so nc-orls q: r:ion ,aC rr-
Dec.a::ian thai ~ Ina f'i;fs It his failure i'll
t.1stIv In. Eaul:i d: s,1sh:ai = liGuiista Tia
dc5ts. Eie huys lan'i. s7:i q :ni:ttUt there
for TN, government tali"5 ibs pTodgcta af Giis
la7J. his Only means ii r1y;r 6 his DER, and
5avs h.m tnsrefrr ~ :eF isSsa. h!:t refuses ic.
! cn:hic tim ra aae ,as;2 IN F.sn.;,. ii ri.
Cgbt. r tti5 ;,;l: Tie ci@t!!:.cT CT onl :
reiisa ;e rccsi7c ihi3 currency uPan toe
grounds e:thcr tnst il is worthless. III CT
less TGlue i}s:.n tie Me.iiGlb in Which he
contracted Cor rayE,en!. The f,rmei ground
l., .e,nnTts! br the iistiilty rf both tho Cgn-
ielur1te and S.aie EoYeraiueuia. aud thus -bs
pledge of al individual property fer the rc-
denpticn Of theie legal tander nct:s -snd
the lcttor is more spa1iovs than E3nnd. IL
fact, ;t aiEsyS eTist"d to sToSte7 q! less
extent. The man w!iG loaned l!:on.v .'rfnTz
the influx CT California gold was psii Ii.a:o-
after in 3 medium Of mitch less yrlue, IL. III
creased supply diminishing its Vsluc.
He who loans 1t when there is pressure
in the nancy market is paid 10 intdinm i;f
less value whc, that pressure ia rsracye, and
he who loans when pork and beef are s. pes
hundred: and flour fiyo dollars Ter bgr-
rel, is pad in meinm CT less rslGs
when th.ss articles advance 20 2sr cc"r. il,
yalu:, as is Of constant occurrence. lle
could rot cn.apisia .hsn-Thy should b.
now, when every duty Of patriotism dsmaac
otherwise This objection is rensdered less
worthy Of attention, Us tho Legislature .:
Virginia has, hr tbs Stay Law, precluded the
cclle9tian af debts, sFd even G: ,nthrs.: un-
ieas :sceiTcd iE Goate5srala. nates, Tanse
who rciuao payment ~ their demands in
Confedarsts not=s, and 70 whom this legal
tender issue vcuId apply, arc gcitcrallE mo-
nied H,.n,vho arc protected II :te enjoyment
o: their property hy the, CoEfsdsta.e Gov
iernment. and should he compelled to hesr