The Chattanooga Daily Rebel. [volume] (Chattanooga, Tenn.) 1862-1864, 1863-01-31
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Special Correspondence u he I,elel.I
HuSrsvLLs, GAIA Jan. 20, 1868.

and making il good cannot be overlooked.
ia the likelihood Of the Confederacy, and if i
ceases to circulate or it's circulation beeome
irregular, great, if not irreparable injury vii
be done to the body polite. What meant
can be adopted 70 improve our currency ans
cause it to circulate in such manner as L
give health and yigor 10 the whole system
Mere military orders or the making of it lie
gal tender will not, of themselves, suffice
Something must be done TO create a demand
for it and give assurances that twill ultimate
y be redeemed in gold or its equivalent
There are many who have every confidence in
the ultimate success of our Government, .bui
who nevertheless believe our Treasury notes
will never be paid and therefore they are I'M
willing to make an Investment in them No
matter how good these notes may ultimately be
yet If there is an excessive amount Of them in
circulation they must and viii depreciate
whether they are made legal tender or not.
These truths are so evident tina! they need no
argument or illustration to sustain them. II
is then clear that the only way in which we
can improve our currency, is by decreasing
the amount in circulation. How is this to be
dones Some one will reply fund them in in
terest bearing notes or bonds, which will be a
fine investment for capital, That is true, but
how can you induce capitalists to make in
vestments in the bonds unless you give some
valid assurance that they will be paid2 This
cannot be done by mere promises, for the
notes themselves are promises to pay. We
must have something more real and satslacto-
ry. This can only be given by taxation which
will give the best evidences that we intend TO
pay.
The guarantee given by the various States
that they willredeem their respective portions
isvery good, but even that is not sufficient
That will not reduce the amount in circulation
no. create such demand for them as will
cause them to appreciate. Taxation is the
only just and adequate remedy Although it
may be unpleasant to some, yet it alone can
Saw no iloili ttlO ONllb VI u WlNlCHSul1 utDIG-
cated currency There is an immense amount
Of money in circulation. The people are real
izing high prices for everything they have to
sell. The money issued by the Government
is in the hands Of the people and they are now
as able as they ever will be TO pay back to
the Government what they have received from
it for their produce There Is plethora Of
money and that is the cause of tho deprecia-
ton Of our currency and taxation is the lancet
that can reduce this plethora and restore the
patient to a healthy condition. 1t is not only
an adequate but it is also just remedy. The
Government requires all men under the age Of
forty-fve TO do military service, even if they
have to leave dependent and helpless families
at home. To this do not object, because il
is necessary to ave the country from vile alb.
clifton conquest. Let the same rule be appi
ed to property. Let all aman makes over aud
above the support Of his family, ifitbc necessa
~, be taken for the support ofthe army and of
the wives and children Of soldiers in the field
fla man makes ten thousand dollars and il only
requires three thousand to support his family,
let the remaining seven thousand DO drawn
from him by taxation, to sustain our Govern
meut in its struggle for independence. This
is equally as just and right as to take The poor
man from his family and place him where his
life is in danger, and where he can do nothing
or but little for the support Of that family. II
want to see the burdens Of this war fall upon
all alike, npon the property as well as the
persons Of the country.
in sections Of tho Confcderacy oyerrun by
the enemy, notax can be collected, but there
the people are suffering ten times more than
those IN other more favored SECTIONS, who
would have TO pay the taxes. Doubtless the
people in West Tennessee and portions Of
Middle Tennessee would be glad to give all
that they will make in the next two or even
five years, II they could be rid Of the hateful
presence OF the enemy who are destroying
everything they have. To tax The people, re-
ducs the circulation and thereby improve tho
currency would do more for the soldiers Than
increasing their pay even to twenty dollars
month Those men in the army who have
property, will be willing to see il taxed be-
cause in this manner the currency will be i'm.
proved, and what they have to sell will bring
them II not so much money, noniinally yet il
will give them better money Again, IL a man
Is willing to risk his life in behalf Of cause
he win, il man Of wealth, be willing 10 see
his property taxed to sustain the same cause
The truth is, it is rot those in tbsarmy who
are opposed to taxation to sustain the war, but
Il is those who are not and never expect to be
Ia the army, and ere staying at home trying to
make all the money they can for themselves,
4 Al. l.4 H..