Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1863-11-19
OnK CNrrenfX


following communication which we find in the Char
iotte Democrat. The plan proposed is certainly the
simplest that has yet appeared but we must leave its
discussion or adoption to wiser hnancial heads than
our own:
Mr. Editor: No subject ia of more vital imp ,r-
tance to this Confederacy than its currency save the
question of its independence. If money is the sinew
of must maintain circulating medium at
all hazards.
bave read with much interest the respective propo
stlons of Gov. Morehead, of this State, and William
Gregg, Esq., of South Carolina Either of these plans
carried out would give temporary relief but neither
appears to be sufficiently comprehensive friend sug
gsss mode which appears to me to be more general
and equitable in all it's bearings and looks to the future
well the present condition of currency. 1t is
very simple and briefly stated. Let Congress author
ze the Secretary of the Treasury to issue billion of
per cenum bonds, payable at fixed and certain Pc
rod say 30 years from date, with coupons payable
semi annuallyl
LIST Congress also levy tax to yield about one hun
dred and twenty millions of dollars one half to be paid
in Confederate notes. the ether half in specie. In lieu
Of the specie receive the coupons of these bonds Re-
peal all the Objectionable legislation on the subject of
our currency make all notes and bonds OF all issues and
dates fuudabe in these six per centum bonds and the
people will soon restore the currency. What will be
the effects! Every tax payer at once commences to
fund his notes and bonds in the in order get
coupons with which to pay his taxes Every tax payer
becomes agent to get the notes and bonds hereto
fore issued to und in this Government security. With
this legislation the 900 of Treasury notes in
circulation and most of the 2O0O00,O00 of bonds is
sued will be absorbed by the six per cent bonds eav
ing balance of over 300 900 900 Of the bonds pro-
vide for the future wants of the Government. Thus
the circulation could in few weeks be reduced the
exact wants and necessities of the country and could be
kept so by judlcious management of the Treasury De-
partment. This would the remorseess spirit of
speculation and boarding. The prices of all articles
within few weeks would decline according the law
Of supply and demand to the great relief of the people
and the Government.
The future expenses of the Government would be
greatly reduced its vigor and strength in prosecuting
the much increased, with certainty that its pecu
mary faith could be aes&iled or doubted while
debt was thus distributed equally among its tax pay
and supporters This system of legislation is sug
gested with such notifications Congress may adopt
Ii the tax in kind is maintained less than hundred
millions to be levied otherwise might be sufficient and
the proportions TO be paid in specie coupons could
be raised according to the necessities of the Govern
ment, based upon accurate information furnished by
the Secretary of the Treasury.
THESE suggestions carried out would tie
great evils OF an inflated currency, with its evil
quences upon the people and Government ; bring all
articles OF merchandise to proper standard ermin
ate wild speculation restore tie legitimate merchant
give confidence In all obligations of the Government,
and the independence of country by enabling
to maintain our brave armies and their dependen-
ces at home. CATAWBA.
A MARRIAGE AT THE PRESIDENTIAL MANsIoN.-The
Richmond correspondent of the Atlanta Appeal writes
November 18th:
By the wdy there can be no improperly in mention
ing the fact that wedding to take place at the Pre-
sdents Mansion next week. when sister of Mr.. Davis
is to marry grandson OF the late Ex-Presdent Tyler.
Such an event in Yankeedom would make prodigious
sensation Jenkins would celebrate it in his most me-
huous style for the benef of the readers Of the Herald
and engraving Of the nuptas would go forth to the
world in the illustrated weeklies. There is coinci-
dence in the happening of the event that may be worth
noticing. The father of the bridegroom elect, when be
ill., - T1L. MI A.
FIRST marriage that performed in the White
House at Washington, and his son will be principal
in the first marriage that will take place in the mansion
Of the President of the Confederate States.
ABUSE OF AUTHORITATIVE are informed that a
planter, whose cattle. were impressed at government
prices, offered to butcher the cattle himself and deliver
it at camp and that assent was at first giveD but at
forwards withdrawn the ground that the butcher
ing must be done by the mental official butcher
The true of the refusal of the planters
BILE proposal that what is called the fifth quarter
hide, talloW, ETC., was worth more than the whole
government price for beef and that the rich per-
quisite of the butcher. -ChGrleston Courier.
THs BRITISH misunderstanding to parliamentary
return just Published there 52,305 93S soveregDs
and 1872 half soveregns coined during the year
1862 their value being 959, 004,03l 81. Id. There
were crowns half crowns coined during the last
ten years. but there have been coined 594O forms
and 954 $50 shings and of other silver coins much
as G 542 go worth, the real cost Of the metal being
stated to be So 443,735 49, sd. The last issue Of
halt farthings was made in 1856, when G476 worth
coined and during the last year there have been
coined 50534 400 broLze pennies, 81, l07,2O0 half
pennies and 900 iarthngs the purchase value of
the metal being placed at s388, 1872 los Cd
A SOLITARY SPECrAroR.-At recent perol nance
at the theatre at Lugo, Italy Gen. Paavicni made his
appearance and the audience and musicians Immediate
y left the house, the play being finished with him alone
spectator. He must have appeared like the sailor
who John embes early career, paid to have per-
Torrance all himself and sat alone in the middle OF
| the pit, where he looked as happy as lighthouse.
PERJURY AS A PRoFEss1oN.--Many years ago, men
could easily be found to give evidence upon oath that
might be required; and some OF these persons walked
openly in Westminster Hall with straw in their shoes
to signify they wanted employment as witnesses hense
originated the saying, ga of straw But the Gus
tom has higher antiquity "A writer IN the Quarterly
| Reuier0, says We have all heard Of race of men
vino used in former days to ply about our own courts
OF law and occupation, were recognized by the name
of "straw shoes" An advocate or lawyer who wanted
a convenient witness, knew by these signs where to
fad one, u! the cooquy between the parties was br;el
"Don't you remamber?" said the advocate The party
looked at the fee aad gave sgn and the lee ncreas
be sure do" "Then come into court "nd swear 1t "
and shoes went into court and ewore It. Athens
! abounded in STRAW shoes"
| The SISTERS OF MERcY.-Ihere is probably 30 one
in this city whose eyes have not followed with interest
the quiet and modest figure of some Sister CT Mercy as
| she passed upon her rounds.
1t to this gentle mpersOnation of christian bentv-
oence and to her associates that sick and WOundt
soldiers the tebderest of those D1nistaons which
are better than medicines in their effect upon the Ian
| gushing invalid Nor is the large kindness OF these
ladies solely displayed in the personal which they
bestow upon the sufferer They give generously from
their the time and want Is thus