Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-11-17
onrmarK or aAFKTY.

ABAAEAE 4AAA AA1sNAs ~ /
Of the most deplorabis facts Of legislation,
during this wal, that eur legisla1ors-hsve failed
to perceive or apprecists, in ihs oassot, the no
eessity Of held and vigorous taxation, IN order
to cur ulHmais success in this struggle.
Il is 50 clearly a dictate Of oommoR sense, We
think, as to require no mastery reach OF states
uapship 70 grasp It. Il IS so patent hat the
popular mind has taken II in leRg age, and the
wonder, with all classes, is, thst Congress has
been 50 slow to psreeive-so reluctant to act.
The Impression which Row PsrvEdss the pub
lie mins Is, that our representatives. in Congress
have lacked, sot the d~iscsrHmeat to P~srceive, bat
the nerve to De lhsir dusy. Hot for q supposed
lack Of ability, 50 mach as Of faithfulness, did
The rsopls refuse to return SO many eff the cid
members to their seats for the ensuing term.
The izooniiag Congress must De their duty, OF
W. are lost. The people are prepared Tor asy
hsr.hsn which the sxigencies Of the country de-
mand. Il is a strange anomaly that a whole
psouls should raise a eIamoE against tkeir law
makers for a failure 70 impose adequate laxanon'
The ruth ia, the masses have moi been slow II
a,ding ont that II is the worthlesGnsss Of money
which has caused such imitation Of prices and
farther, that ths deprecated valve Of money has
been caused BY the s~uPerAbundRnee Of it, pre-
oissly in the same way that any property would
DC chespenod by Introducing or producing ten
times a. much Of it as the whole country needs.
Perseivins this, the people demand that their
lawmakers shall csIl IN this Tedundast eireuis-
tiou, uuhl it comes down 70 an amount Which
win siualy meet tie wsnis Of trade sBd cher
demands peculiar 70 the times. Let this be done,
and a s~er.ainiy as any effect csn follow is
esuae, oar currency win mount Up tsa sFsois
stsndsrd-sur-bonds viii be ct q high premium
Al hons aud abross, IS compared with gold and
silver even. and staple articles Of Consumption o.
A well IS al ethors not affected By the block
s5e. viii dscliae l. ED prices, While tho eTPsndi-
lures sf TIE Government and the souztsy viii
b. sIlsyistsd tsnfoId by he operation. II there
BE- any trush in psliieal soonOmy-f the laws
Of trsde have not been misundsTsieod for eenta-
riss-sad if the whole financial history Of the
world b not a universal lie, these results are
ssrs 10 follow such Legislation as We have lnoi'
ossed.
The people are ~anxiously waiting to see Il the
nsxt Congress will come up to so sPPreeiahsH
sf this great truth. We viii net threaten then
viii he lsss Of heir seats, if they should dis
APPOINT eur hep. The chances are that Il they
do not act promptly, we may Revsr elect snothsl
| delsgstien. We cannot sEord to waste another
vssr 10 sec what viii be the fate Of present IN
eumbsnts. The fate Of the onfsasracy, rather,
hangs upon the policy new to be i~nssgurstsd.
Financial ruin staros Us IN tie face, TO Be fsi-
LEVIED, net simply by the usual svils Of ssnA-
up;ey, but with tbs utter destruction Of our
hopes IS q people, struggling for cur very e.
/ istenes.
IF our circulation be act called In HoT, il san
not be doEe under twelve menths. Before that
time oar money, hem its very redundancy, viii
bscems tie Basrsst trash, and al supplies viii
resch e figure 50 high IS to be beyond The reach
Of the labsring classes, who have much to bay
aud but little or nothing to sell. WhsneTsr We
reaeh this point we shall have internal rFTolu-
ten, WHICH viii be fatal 10 our hopes Of inds-
pendenes. Already the ground bsnssth our feet
begins ts bsave with volcanic ;hToes. Some
thing must be done speedily to neutTslizs the
| explosive clements, or We shall be overwhelmed.
That's state Of ihings so deplorabls should
have been supsriEduced b. ths weakness OF
| timidity of eur nsticnal lawmakers, is too bad
to think about If they hsd boldly used thsir
/ constitutional powers in lsvying diree. taxes sui
/ fcient to meet expenditures sndkssp our sireu-
Ilaton within lesitinste bounds, our credit would
now be uuimpescAsble, our army expenses
woulS be about Ons-tsath Of what they are, sup
I plies would be but little above peace prices, the
posr would be far better provided for, and cur
soldiers, with their eleven dsllals per msnth,
could bay ten times as much as they could buy
with the sane money, and, therefore, they wosld
be better contested, while our enemies, despair
iug Of ever wssry ing Us out would BY this tine
be ready to give up the job Of subjugating Us %
a imprActicsble undertaking. All this is cut.
side Of the fact that oar untarni,bsd and un-
doubted credit would give rs irresistible inhu-
sncs with foreign nations.
As cf,en said, this is the peoples wAr, the IA
tiOnsl debt the peoples debt. They knew lhsy
have it to pay, and they desire 10 pay it Row,
when enc dollar, which is worth now only q
dius in specie, viii ray q dollsr, which, at the
end Of the war, viii Be worth ten dimes in sps-
eis. let the tax osms, . direct tar, If needed.
even to the tsRth er flth Of all that We are
worth, and our success is certain.
LYCURGUg.