Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-12-15

which Is now m the eourse Of bsing exee1sd Bat ih
tArgs crease In pTiseE and the sonssqusnt Increase
e. dsmsnet the oVernmsrt clearly shos already lhz
iAs Tax, II sFea now rsslEsd Toald Be wholly made
=. euA's 70 supply thsss dsmsnds A further issas 0
treasury notes Is indeed necessity until other aea.
urss ssa b ad Pte9i bui the pabla mind ba
. cone sraAensd % tee stronger ssesssi of dsyui
10 luc fehEures snd seem prepared adopt aRE
n ds, however .harp, " % be saiisea that sch rene
n dY viii be uffsetiVr- ~
l5 hsvs alrea1y stated that ihsrs are bat two lsgii
% aate 19uTeez y supply. to-Ehs sad loans Ec
sa on engaged IN war Ike TIE prsssni has sTer 5ssn
ABLE TO sosfEin itseif By taxes 81 Loans ass ars
uscsz sTy5 but n ordsr ns4ciais fhsn a.
iaus he giVsn that ths lnisreat will BE- paid IN s1lu
q sestsla ysl1e Ile departure from us pEiuepe hat
rseovss lirst position We rhast maze the i.isrf
s q zy isSh eA S to be osTes &, pzgsbis Il sseas Or
Tue nfssn million loan q, tsashi uss Haeds sf a.
ise-its, st last n pert tls desrAba rEsal- A ssty
payable IN coin b allowed % be Discharged Nv the COD
pots o. ha oa sad the result e hat tks bonds have
A4-l 2i1rf = si-a7Y yaus--thsr nafkst pEiss bsfug
n nearly twice that Of ether puo sscmliftss III tbe. q
+ loan sstablshad ths interest e1unins u rbieb
would BE- aA5s Psy specie dues . founasfieH Ia
lie nature II = specie value sTeuld be gpcpfs sud mn
on might Be fzetsd the Eound aaneal policy
\ with which saTted To eject this. i enly nse-s-
EaFy 70 levy taE psYsbs "a coin rs uich q tar
would MOI Be rq tired 70 pay mars thsR the insrpsi
iis smUunt would obvieusy be within tie power o. ths
Government te eolleet' l0sa Of ave hundred alona
sua Be sufficient to redues rhs currency i've ham
dred Inlions and Wofsd reqare tex Of net iha
tairty Elii0ns IHily. such could be FGsSliv
borne bY he coultE and u tAis war sl that Is
/ quiTed The remedy Wonla be easy But = simple l-.
dse Ion Of the currency while # would sbzis lie ~
sting evils Wsuld presrvs he cou@try from III IN
/ recurrence "a twelve months tie eurrsney wouiS
gas come redund.nt Il. rs sscssssfv, isFsfors
hat su absolute lmisn shall b hEsd Hpon ls.0es
Eusrauty must be given thai .hs tgFo huadrad millions
sft in circulation sb Ia no event b. nsr-sssd. r hi
sthsr words a ss whatever supplies may be a. e. ssrV
ssl be Fssei by other means than by lsuss Of
Aud tsis 5rlags us = ths cons ss, stiou Of tbs
Fee'tsd Bozt % our inquiry, toUti ths rasRg Of M
Ithss rssiy Been atos that " he currency could
b reduced to I've INBRED millions ths annual money
eEp-uGurs Of the 87FernH5snt o0Uld Brobas hiso b.
reaoe-d to four hundrsd zilians Inis au0sat Is pro-
posed 20 be RAISED partly BY taxes aud the rsHaanir
By - sztrnsoH Of ihs iaEn already proposed
huA4rsa iisis % iA1sn And tlrse hundred ull Ions
BY the loaR- The returns - tie tax Of gust
1861 hHvs been completed FOR nine States. i've nl9rs
have besu par y composed ans can Be estfus ed Ths
total value ei properly In theus esFsn States acuntt1
four thousssd hundred aHd tesuty millions q aoi
thrs- IL Ne deduct from these yzlassihe coBjeeurai
ssae II property ost and "a possession Of As ensnly
and bs increased of pr sent prices ths yau
ten ap which tax would b. rztsd may b fairly ass
down ~ hres thsussid mIionz tax a. saigrss Of
4 i've PER cent thus value would nAy prsaue~ !
oao huadred and City millions Ailswrg an sbssnsn
Of tvrsHsy Per sent Tor evzssRs failures to make
turns peRsss aad niiHEsRssB sAers would rsng
I Ose huHir-d aud svsHty millions. -
/ A I1su sf thousshd mlions would De- su ufiesut
70 sbsorb ihs cazeney aEd 70 f1rzsA three As drsa
isas Ter supplies sEd the interest Of this ouid
rsqlrs one haI Of ths an0unt raised by the Phs
would leave the othsr hsE OF --xty nlisaa for Sc
Pplss snd 20 his Wsud b added tie proceeds q k-
Rvolas aud profit tax pHysbls after the at Of Jsuusry
sf his kiHS Hscsrtain sns 20 EASILY svaaes /
!hs. il oau be estimated bsierslaud Il viii in 10
event however, b Euicieut in4ucs any shsu7e cf
sthsr Eiessures; ard therefore We ast fsr for ~
asasnsy zpsn that psrt.oR Of the treasury nsss which
vii bs Enbs ute0 for the old issues Ths sItty MIL
lens or ese-l@t which il rU supPort tks lssa mass
Wit furnish the well fsr ths fztar-zt f5r ths
huudrsd m ions aired or ths currency as Of
he tEree hundrs5 Hi0as 20 be aPPs fer expenditure
In hs Sara nEuEer By mating further add i0sa the
tax tie ieHn Be Increased frsm u.1s tlzae - |
as . esnsoliasis tho hsis puolir dsst sr The
esRinHss' to obtain further saPp ss FOR eariHg Il
By ,hsss mszEs the eEedit Of tss 6svuTamsat vii be
frEy eatahlshaa, sozAisZcs will be rsssrsd and ths
hsrrassnnea as which now oPp-eEs will b removed
BGt tbirsly. The measures 70 b RdsPtss ralst be
prs Ept ana esrt2ia.
Delay 10 rstlgisE n oarrsacy would srVravEts eli
the evils which &c existence 5T adding Issues 10
ih- already 81 sircsiA8n Unssrtanty a. - tee
yss q tie rsSsuras u Withdrawing he excess, Waad
be equally iqjgrious. No Wosld b. WIuiF 70 as.
rapt iss1 whisk aleh, agaiR b. dsprssisted b.
cUusast eJiasEty. Even. with all the induesmsnss
rtbIh Bay be oGsrsd ana the caadon which may be |
cbsprysd The loan fssf nay not b. iaksu ia sufsisnt
portions - ts r. sull Voluntary losns have al
Tsady hssR odsTsc aud havs Been taken III |
3heisore hscessafy % pFsSise ssna Hioa which VII
s5soutsy srers tas ana rzaalt say sTsni and ihz
can only Be- done y ProYidES eomPusOTy FOR
u>s lsxi resort TAe o-asnrsE nay Be adjusted -
- sc press up0s the vi ling while bsy merely con
se ae unwilling % lsks their is Bottion % he bur
hen. With these s1llhnsi bas, rssFeeffa ly subn
hs follow uaeasirss 10 tbass rhlsh I would r,egLa
aResd for GdOptioa;
geksns PFogsssa
I Tha, Congress foreasyitb aaihariEs Ian y one
ousEld nlilgu IA siz per stat bonds TIE principal
3
D. extended hereafter from time tiHs SO ~ con
sOlid.ie tAs whole pzbtc debt
g That the Secretary of tbs TrssfRry be aaesQizad
% sell At psr many Of be sss bond a. vii = salri
eent take up The GUSTAV alag currency, and pay se
sppropr aiisns made by Congress-
3 That deposits of treasury Botas on Eca-unt % She
ssid osn sy b. reeey=d 3 The treasury any Il lts
dsPostores or y eomssson rs 70 ss spDelnteai said
p0sits - b in Of kaudred dollsrs or Of
Whieh oze hm drea d perfect diyissr
Certhestsf shall be Issued tor Eueh deposits witch
shalt Sni.s the holseT @ t9nGs or the ant with
frtf tf-Faa frgH az H. I
de Dc tao qntb ~ January tks ssss s7e for tbs
shah b. exempt for the sE of I've Per cent for
thr pressut year borsinasr ioned II u,Es- b the
EsRn'h ot FebCsary, they ssA! eHoHaP fr hsf
VI the tRx; aua II msts in ihs msnth OF &srch ihsy
shall Be sNe1apt ffoa ona fourth Or ths tax OacsrS
soldiers and ssamsss IN ssrvse shall b entitled 10 *
caption frem he whole for said a. nEv tlrs
ssiJre the Ist Of prr 1854
taI ~ I've per csaG shan bs imyes.d "a all pfe .
pei y Ead credits tofher tsan the sew ISSUE Ro.es
hsrenafisr msptons4) hiek Rlsy be heia The lit II
April next 10 be PAID on ths Ia u July ous-haf ii
essury nate5 and os hs In coin sr lR the eoaPons sf
ne Be1ds issued for this ie-R
in case The coupons should advance in thr market
20 Prsmium exceeding 20 per espt- any tax payer
shall be permitted 20 pay bis iaR in the treasury notes
Of the new issue, With 25 per cent added
z within siz months and improved isue shall .
BE- psads of two hundred Millions rsssn -yOtes iusub
siuon Tor that amount o. old ssus and an the od u
shall BE- cancelled, and the fith o. the Govern
u-l It's tlsdged not TO ieereans ssid issues .
Notice shsi be sigoa 70 ths holders Of treasury
luug them te present thsir aotss ~ the treasury
Of B dePositsIiss before the lst day Of
:
tbs "a consolidated lean ia defsuls thereof the
oss ght In Sd all be current or r.
csysble a. be treasury for dues sut shall remain sy
dsnoes Of debt payable by ne OoRfsdsrats ststea &C
cordng 70 thair toner. .
In The states 0evsuS The Kiual slpyi ms sas usn
toned "A bs lsss clause shas ss eztondsd until he st
Gay Of Jay !
10 Eionths more shall Be sllo- -ed al bo'dsrs Of
sury nsiasfs N AHf register aud verify ther
notes ~ demands against the Treasury. Gud exchange
ts ssuis Tor ssruaeaie Of debt or thsy prefer to
keep tie the uAne Of the holder shall be iaeoried
thereon; after whish tne ssa nsss shall Be R-ge,iss
only by spse1 agrssnerH and Al net@s not 90 regis
tf "a within ts aid Hs sha.l Be barred from any far
thsr AIN on the Gogeramsnt /
n Any holder Of bond u lbs Cosfedsrass States
nav eanver hs into Of the bonds under
Iosn the eghi per ssEt oosds 81 par ans be oihers a.
proper iohEis ratoi AID tho loaa sAal Be extended
80 % Absoyb all 6snds BAch may BE- sasrsd N oz
IL fhe interest eouPsns Of this lssa shall Be hsla
eq 10 specie ia 81 fatsre dealings Of tha Gov
erIn ems apa shall be accepted In payusut 81 any
hereafter made payable ia son ,
l5 The faith of the GoVeraasnt s plsdged 70 laske
adequate Prsyision for The Psyssat q the PgzsPA and
of iaa said lean esDtBuanss of ths saX
nsnt ined Ia article ave, Hnt hal he taksa.
ter which, Ike PTOyzi0n shall be made By direct taxsE
or - datisH on Imports aHd * ssris. Il 80
"a The notes Of dsnsalastloss under Eve d-iiaFH
shall ss Affected BY tie provissBs sf this sekss
81 VIII se perceived thattks EResaTss props "a
rally svss iAsssls q tHc es net ehArsetsrs, tAs
oRe VoiualarY ne others invoisn sy Ths fsrer are
doeasd AseSuSts TO dues the voluntary aia of every
gat ozsA. Il ernDst 5e sOHEaer.a . Just sbihei 90
@-t the hsrs Eaasd when sgsh 4seitisn nsrsy
gyss unity TO As plan and, Ike sxssutI0n. sssts
oDiy those who are nsEhgsat Or dsEqasHi Il FsriOFH
inz public daty. Il
The hrst class q measures those which indncs
yeluutsry setter, . the fouoNiHE vf
The orss Of lean on bonds, wish n,sraIt ssRFoas
rsseiyabls som or rs s4aivklenk
The meAss by stheh lhls Is effected baIasl FAX
Hssn AL yalnss 70 b PAa 10 eslR interest
pons of the said korSs /
3 Ths exception Of it . boads fros the tax ior one
yeas in e'asdsrAsioa Of preapi aayanss q the psr
shsas money anticipation 81 ihsr delivery.
The rtdae' ION Of The prices Of al srtite4 ef sEbss
e &c and the PsrnAnent rsairatou o. tis volaDs of
ths earTeHsy p
The measures which ars b1Tsluntsry srs chiefly
Hs, pbiea Til be esuaiasfsa zndsg ihe fslsgaE
kesdl