Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1863-04-22

: ~
Dye,sure upol, him, 10 make him change it ~
For ourselves, we like plain, straight sail
ing II we defer to the President wet defer to him;
if we do not, we do not pretend to it. This may
make man "an awkward courtier, but at least
it best COMFORTS with an honest bearing aud m3n-
ly pstriotism.-Richn0ssd &astsneL 49,
REMARKs pr MIR. ADAMS.
Or GuIFoRD,
On tho bill authorizing tho 7%easa'sr to issue -
Nilliousof Treasury Notes, delivered in tho Senate
of North Carolina on tho 1874 Of December, 1862.
Mr.. sp=AKER: While am always as willing and
ready as any Senator on the floor to vote supplies
to carry on the war that now in, IT. it takes
the last snan and the last dollar, sm opposed to
part of the bill under consideration. am opposed,
MIR. Speaker, to that part of it which makes the
Treasuary notes authorized to be issued, fundable
on the first day of January, 1855. Sir it is only
three years, from this date, and will be only little,
if any. over two years by the time they are ready
to 20 out can see no necessity to have them fund
able at so early day. am willing to vote for the
bill If these notes are not made fundable before the
year 1870. That is too soon. Yet, am r@dy to
vote for the bill if so amended
Why, Mr. Speaker you will see by reference to
the revenue bill that have now to raise thirteen
hundred thousand dollars to meet the necessary
expenses this current year, and it is the f9ndanS
everything that swells up onr debt sofast " fands
ing the notes to be issued by this BILL it will COST
the people by way of tzxasions- s...ss'<s tha,
frat four years. about and half millions q DEL
lars In addition, it will create standing dsbt OF
between four and five millions Of dollars, bearing
interest twenty years. whereas, if they are notfun-
dable until 1870 tse whole amount, or nearly So
will have been paid in by the Shers Of the several
countless by way of taxation, thereby saving not
only the one and a-half millions of the first four
wears, but some ten millions, which the people will
have to pay if this bill passes in its present shape
Mr. Speaker, should the bill be amended, as before
stated, the notes will make circulating medium
which we now lack. All we now have, or nearly
So is Confederate notes, which are at this time some
ten per cent under par in this city, and some
twenty five per cent in the city of Richmond below
North Carolina bank notes. -.
Sir, pass this BILL and am certain large portion
of the notes will fever see the sun. They viii 60
as the others have gone and be retained until they
are fundabe, in the hands of those epecuatfs ana
extortioners who have shayed this and the Gonted-
crate Government out Of more money than they
know what to do with. Sir, large portion OF the
notes already issued never got further than the
banking houses of j. G.. Williams g Co., or other
banks, besre they were funded In fact, learn
that large pc, ton of Ahem hardly ever count
ed second time but returned to the Treasurer, and
certificates taken for the bonds soon as they could
be issued.
Mr.. Speaker, large portion Of our debt created
since this war commenced, was caused by eight per
cent. interest. paying bonds, but | think, much
larger part vas caused by the Quarter Masters aud
Commissaries and others, sent out from this city
and the city Of Rich:nsnd Virginia who should lave
been sent to the army, and who had no regard as to
what price what amount they paid for any article
(somc few men appointed the interior, l am
pleased to say were Of the right sort) Instead Of
getting men Of age and experience, practical bus-
ness men, it seem; that the appointing powers took
mostly young men, without any regard TO their
qualifications for the express purpose OF keeping
them out Of the army, when there were plenty Of
men over the age OF forty 6se we'll qualified and
willing to do the business. And l think, alter
seeing number Of the appointees, and their mode
Of doing business they have tried how much mon.
through their hands in the shortest gwen
time More than one hundred millions dollars have
10 this way been salsniered already. L.
Mr.. Speaker, T viii give You f6w instanee OF
their mode ard manner Of doing business. Instead
of purchasing articles at US low prices As were Gus
tOinary, Of thcm went to large shoe establish
meat, as am informed, and paid over double what
others were paying for tie same kind OF shoes. One
of them went to Concord and learned that he could
get sheetins at twenty cents per yard but was too
lazy to 90 half mile, or from some other cause did
not see the manufacturer, but paid another person
twenty-five cents per yard to 60 and get it for him,
thereby paying twenty five per cent more than he
could have purchased the shecting at had he attend
ed to the pun chase himself This agent went into
store and saw large quantity OF common jeans
cloth. lie asked the merchant the price, when he
told that they RECALLED it at seventy cents per
yard. lie then told the merchant that he would
take it all at one dollar per yard-thus giving nearly
fifty per cent moro than the retail price, showing
great financial t,lct Sir, learn that one of these
same close listed agents went to Charlotte, and after
enqurins Of the owner Of large quantity OF jeans
about ten thousand yards-which the owner was
selling ut from sixty.hve cents to one dollar per
!. yard, the Government pet told the panufscturer
That he would take all he had on hand and all he
could make, at two dollars per yard, thus giving
more than double the price asked for the goods
I The owoer told me that by this transaction Ire put
into his pocket more than ten Thousand dollars
and above what he would have received had he sold
the gooa as they wee made.
Mr.. Speaker could name number Of such cases
IN buying bacon, mules, &C., but think those
named are sufficient to give you and the Senate
idea OF how the money has gone.
Sir tried Is one of the Committee on Finance to
nave TINS and other amendments made to the bill,
MI iaied being out voted them and l am well
aware that similar result awaits me here in the
| Senate
Lam well aware, Mr.. Speaker, that my friend, the
no nora6le Senator from Orange who sits me- is
! opposed to my amendment fearing that it may in
Jufe the credit Of NorthLarol,na LIDO not profess
.oDe as great tinancer as he is, yet with all his
know ledge his opposition does not satisfy NY mind
snan'yete as think right with all due respect X
Mr. Speaker, know it has been sasden this Zoo,
that to let the notes run longer than three years
might weaken tina. credit Of the Ssss,. i. canpo
believe it could have any such effect Lsm the-ias
man thai opld give any vote or do any act to les
sen the credit Of the good old North STATE. vel
knowing that no State in the Confederacy for nurt,
Of purpose and patriotism stards higher than North
/ Carolina.
Mr.. Speaker, now move that the bill be amend
! ed. be striking out 1866, and inserting 1870 AZ
cannot see how any Senator on this floor esn vot
lin fhns t:vos I'd he