Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1863-11-18
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~CoLUNDi4,S. C., Nov. 10 la6

CUEUNUI4 ,O.1tJ NOV. ~ 1""o.
AT = convention Of representatives, Of us
several banks in thu STAKE. in whicn tbs fol-
lowing banks were represented, viz: Bank Of
lae State OF South Carolns, Bank Of Charles.
ton. Planters and Mechanics Bank.o South
Carolina. Bank of South e., v:Ina, State Bank
of South Caroline, Union Bxak of South Car
,Ii,., South w estern ltailroad DAnk, Peoples
B.nt. Fsr,uer's and Exchange Bank, Cola-
mercial Bank: ofG oiumbial Merchants Bank
Of South Uarolins at CIeraw, Bunk Oh george
town. Back Of Chester and Planters Bank Of
FaiI 65td. tho following Has adopted:
Whereas experience hzs'dstnOnstrated that
the ducs To be collected by the Government.
aud for which Treasury notes ARD made re
ce;y.bls. are inadequate toabsorb . sufficient
amount of tho notes, to prevent the evils OF
an excessive psper currency; and It is detned
essential, to the interests Of tue people and OF
the Govsrniaeutsthat the r ght TO pay.al Gor.
ernnens dues in their Issues should be waived
by the people to a,certain extent, aud inca
ssres be adopted blythe Government 10 re
deem or fund tho entire amountof this said
isxncs, or 90 much IS shall reduce the sum OF
this currency to two hundred millions $780,
O00. 900 or less. For tho accomplishment of
this object, the following measures are recon-
nended to the coantry aud the GoVerniuent
LS.I;.u.a,;no ~
1. That s.new issue Of coupon bonds be
made TO the amount Of one. thousand millions
ofdollars, the bonds bearing six per cent.
interest-ths coupons. payable annually. IN
coiu.
2. That. an Act be- passed lsrying q tax Of
.;,tv millions Of dollars, to be- collected Gil.
nually during the whole period of the said
Ioan. for the payment Of the interest on the
.bore bonds. That the said tax shall be
paid in coin, and that the coupons of the
above bonds be, received in the payment OF
this tax in lieu Of coin.
3: That before the said bonds shall be offer.
ed for sale in any. other manner, they shall
fir,t he apportioned among the States of the
Confederacy, and aiat q Commissioners De aP'
uointsd for each, SI2te to make known To the
tax.payers in each Collection District the me-
%cessity Of providing themselves with . sufh-
Gent amount OF bonds to pay this specific tax,
and who ahall sell 5, par, in each District, tie
amount of bonds required aud that Treasury
notcs of all issued be received in payment for
the bonds.
4. That ell existing distinctions between
Treasury notes of difsrsut ISSUES and dates
be abolished.
s. That the interest on the stock Of tho
Shcen millions loan be psid by checks On the
Treasury, aud that the said CHECKS be .receiv-
ed in paymens of the cxpor, duty Oh cotton in
the same manner as the coupons on the bonds
of the same loan.
6. Tha. a Eve per cent. call loan be estah-
lizhed similar TO the first or original cali loan,
and. that ali Treasury notes be received at the
Treasury therefor aud that the present hive
uer cent. and four per cent. call loans be abo'
lished.-
]. That the right of the hnldersof Treasur.
rotes which upon their face are fundabio in
.:-ht p.r cent. stock, ought to De recognized.
and an eight per cent. stock, at . short period.
be proyided ior that purpose and ass" tina,
all the privileges attached to the original SIX
prr cent. call loan bsreinstated.
i. That All Increased duty be levied on all
imports and exports during the continuance
If The war, aud that the same be collected in
cciu or approved bills on England or France.
9. That an Is.ue Depsrtmentbe created ny
the Government and kept separste-from the
Treasury Department, whose duty it shall be
70 supply a new issue of Treasury notes III
exchange for the amount that MAY remain in
circulation of the present issues, and that the
nov issues shall express on tn face Of the bills
that the same are receivable in payment OF
all public dues except such as are specifically
required to. be paid lincoln.
TO-, That there should be an issue Of bill.
Of a large denomination, say $l.oU.S5,Ooo
sud $4,000, sufficient to f~acilitate the trans
mission of funds and the settlement of bal
ances.
The following gentlemen were appointed
a committee to present theforegoing to the
convention OF; bank representatives., to he held
at Augusta ON the l6thinstant; Mes.rs. Gorge
A. Trenholm, Charles NJ. Furinan, NJ. c.. Mr.
decai. Geo. 5. Cameron, Allan Macfarlan.
Extract from the minutes.
J. A. CRAWFORD, Chairman.
ALLAN MAcYARLIN, Sc ;rctary.