Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1863-12-17
" ether rule provided which to make the tax uniform
N.-CH Tanf.aarota Gtotao u,

" ether rule provided which ia to make the tax uniform
throughout the Confederate States
The consideration iust presented greatly enforced
by the rejection that any attempt to apporton taxes
morgst States of which wholly Or partially in the
of hostile forces would subver the whole In
tenton of the trainers Constitution and be produc
tive most revolving Injustice instead of that just
was their purpose to seoure With large portions of
of the States occupied by the enemy what justice would
the taxation Of entire State proportion to its
seEtatisn What else would this be In effect than to H.
the burthen of those who the heaviest sufferers
by the war; and to make inability to protect them
from invasion. CURED to do By the Constu
adherence to the letter violation of the spirit OF thai in
srument? No such purp could have been entertained
st uticn. may add weight tohese considerations
reflect that although the Constitution provided that it
ly distributed among the states expressly ordains
providing within three years that This tempo
s uo be- Would
que that because the cenaus be made within the
fixed period the the expiration IF that
period perh for want Of representative body IL any
aspect which the subject DE viewed an led TO the
conclusion already ard which understood TO
be in accordance with the taken ia both Hnu
your last session. shall, therefore, unuI We are
ton deem my duty to approve any law evyrg the tax
alton which you bound impose for the defence of the
country any other practicable mode which shall distrb-
the burthen uniformly and impair tally on the whole
property of the people. $500
increase the volume of in crcnaton by Offering
Inducements voluntary funding The measures adopted
evil has reached such magnitude to permit DO
other remedy than the compulsory reduction of the curen
cy required by the business of the country
This reduction should be panied by pledge that
der OF circumstances will that amount be exceed
ed No possible mode of using the credit of thu govern
ment disastrous which dsu bs the basis
ali <xohanges renders impossible all calculations OF u-
values neBts in constantly IL easing proportions
the price of ali and depreCia all fXed
wages saleries Old Incomes to render them
subsistence If to these be added the still more ia
tai lence the morals and character OF the people, to-
which have already adverted, am persutde Gu VIII
the conclusion that f xlbe adherence 10
limitation of the at fixed tum en- ihls9es-
BILE element OF eny system Of faa be adopted
The holders OF the currency no" GU ng can only De
protected in the recovery Of their Just clam bV sG
ting for their notes some ohr security II the carencP Is
not greatly AID promptly reduced the present scale OF H.
fated prices will not Only Continue to exist but by the
~ fact of he large amounts hCs mad requisite in 'h7 con
duct Of the those prices viii reach rates s more
travagaDt and hs whole system Will tall ulder lis own
weight thus rendering the redemption IF he debt mpo3
sible, and destroying whole in The hands OF the
holder L. t.le ntrary fun led debt with lterest
secured by adequ tax be substituted for the
outstanding It's entire amount III be made avai-
tion enabling IL beyond the reach OF any probable cOEtn
gency, to ecute the war to successful >sue 1t H.
therefore, demanded we'll by the interest OF The ced
tor as OF he csurty at large that the evidences CT the
public debt outstanding IN the shape If
be converted into bonds be adequate interest, with
provision for taxation tufios ual pay
men, and final redemption Of the VII debt,
The report o. the secretary u the presents the
outlines u system Winch, II co"JQnctlon with exsl1g
legislation ID intended to the several Objcs Of
reduction Of the circulation within fxe asooablo limits
of providing the ia Of the government OF
furnishing securify the puactual the interest
ard hnal exnc III Of the principal CT the pu5c debt
and Of placing the whole business OF the country ha-
els as near specie STANDARD possible during the
tiruance OF the war. @suy rtcOmm nd to your
confederation and that delay be pemi Ted intervene
Re suffered to engross your attention until shall have
disposed OF in best adapted the i'm
portal results which your country anticipates from your
legislation.
CONCLUDED FIRST PAGE.