The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1863-11-24
COOP SUGGEsTIONs.-A correspondent, writing
from Gen. Bragg's army, says:


condition of the horses in this army. and to the ne
C essity of exercising and economy in the use
of them especially in view Of the large numbers
that have been destroyed during the war and of the
present limited supply. This necessity grows
stronger every day. being in proportion to the loss
of animals in the service, the further contraction of
our available territory, and the rapid deterioration
, of railways. Every possible effort should be
made therefore, to preserve the horses we have and
to increase the stock; and to This end, transfers,
artlerists. cavalrymen, and all those persons hav
ing horses in the service should be required to take
good of them possible, while all brood
mares should be exempted from impressment. If
necessary orders to this effect should be issued from
the War Office. and all mounted officers instructed
to see that they are obeyed. In the meantime,
| every facility should be extended to farmers and
others who may desire to engage in the business of
raising horses and mules
BANK CONFERENCE.-The Convention of Repre-
sentatives of Banks in the Confederate States
sembled in Augusta Tuesday the 18th instant,
for the purpose of considering the currency ques
ton. Anthony Porter, Esq, of Georgia. was ap-
pointed Chairman and w. B. Smith, Esq, of South
Carolina, requested TO act as Secretary.
Delegates present from Georgia, South
Carolina, Tennessee, North Carolina and Virginia.
Addresses made by Messrs Hill, Trenholm,
Clayton. Cameron, Lamar, Mordecai, Gregg, Tor
bett, VIM Johnston and Lewis. The remarks were
only intended to give the general views of the speak
ers, and some of the speeches very eloquent
and favorable, particularly those of Mr.. Trenholm.
Mr.. Hill and Mr.. VIM. Johnston of Charlotte, n. C.
Mr.. Hill said, in the course of his remarks, that
there not member of Congress in favor of the
reputation of the debt of the Confederacy; and that
if the people should desire repudiation they would
have to elect entirely different Congress. The
result of the action of this Convention it is to be
hoped, will be of great benefit to the country. as
the members seemed fully impressed with the i'm
portance and urgent necessity of strengthening the
currency. The debate was continued in the after
| noon, in which Gen. L. NJ. Aver and a number of
| other. gentlemen participated. committee of 13
appointed to take up the various suggestions
and propositions before the Convention and report
thereon. The following is the report of the COM
mttee, which was adopted by the Convention:
Whereas, experience has demonstrated that the
dues to be collected by the Government and for
which Treasury notes made receivable, in
adequate to absorb sufficient amount of the notes,
to prevent the evils of an excessive paper currency
and it is deemed essential to the interests of the
people and of the Government that measures be
adopted by the Government to redeem or fund the
entire amount of the said issues, much thereof
as shall reduce the of the currency to two hun
dred millions less. For the accomplishment of
this object the following measures recommend
vention:
l. That new issue of Coupon Bonds be made to
the amount of one thousand millions of dollars. The
bonds bearing six per cent. lnterest--the coupons
payable annually in coin and that, in future, to
meet the wants of the Confederate Government, the
policy of issuing Treasury notes be abandoned, as
far as practicable and tax sufficient for all the
requirements be adopted the true policy to
tam the credit of the Confederacy.
=. That an Act be passed levying tax of sixty
millions OF dollars, to be collected annually during
the whole period of the said loan, for the payment
of the interest the above bonds and that the good
faith of the Government be pledged for the contnu-
of such tax until the maturity of the said loan
and that the said tax shall be paid in coin and that
the coupons of the above bonds be received in the
payment of this tax in lieu of coin.
3. That before the bonds shall be offered for sale
in any other manner, at price above par, they
shall first be apportioned among the States of the
Confectionery, and that Commissioner shall be ap-
pointed for each State to make known to the tax
payers in each collection district the necessity of
providing, themselves with sufficient amount of
bonds to pay this specific tax, and who shall sell at
par, to the tax payers in each district, the amount
of bonds required to provide coupons for the pay
ment of their taxes: and that all bonds heretofore
issued by the Government and Treasury notes of
all issues be received in payment for the said bonds;
and that the said payments shall be required in con-
venlent instruments to suit the circumstances of
persons of moderate means but the privilege of
paying in full at any time shall be accorded to ALL
4. That all existing distinctions between Ireasu-
ry notes of different issues and dates be abolished.
>. That the interest the stock of the fifteen
millions loan be paid by checks the Treasury,
and that the said checks be received in payment of
the export duty cotton in the same manner the
! coupons on the bonds of the same loan.
o. That five per cent. call loan be established
similar to the first original call loan, and that all
treasury notes be received at the Treasury there
for and that the present FIVE per cent and four per
cent. call loans be abolished.
L. That the right of the holder of Treasury notes,
which upon their face fundable in eight per cent
STOCK ought to be recognized, and an eight per
at a short period provided for that purpose. and
also that all the privileges attached to the original
six per cent call loan be restored to the holders of
all outstanding certificates of that loan.
3. That an increased duty be levied on all i'm
ports and exports during the continuance of the
war, and that the be collected in coin or ap-
proved bills on England or France or in the inter
est on the fifteen million loan
- D. That an Issue Department be created by the
government and kept separate from the Treasury
inepartment, whose duty it shall be to supply new
k ue OF Treasury notes in exchange for the amount
' may remain in circulation of the present issue;
th hm at the new issues shall express on the face of
m D 'hat the same receivable in payment of
poIo, ooes except such as are specifically re-
CURED to be paid in coin.
H. 4 nat there should be an issue of bills of a
sI9 600 notnation' viz: $500, 81, 600, $1,000 and
io.ooo-sumclent to facilitate the transmission of
'""aS anu the settlement Of balances