Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1863-12-02
TIE NORTH CAROLINA *6TANDARD:z
4 IS ssss Feb, D, G. Fowls,
For the Standard,
Ml1ed PIan for Curing the Expanded currency.

FRO BE cosTNuED
,r,s r,i.,, f,- r,.;,,, -. r~n.raea c,.,...,
- an :. '"o ssan - -. w..
that from exrnsc and intrinsic force combined,
ey was 20 to in excess and that from causes mainly NJ
trnsic7 to as compared with the Yankee standard
not uns'teraby bad
The go to excess beng thus controlled ~ the block
ade ana isck o, pronctlon 81 nome-Deng tnreenwen-
ties Of inc evil must remain u removed Sy 9tner tna1
financial measures FOR were g0o our would
be- say 10 to still leaving all supplies rom abroad at
unusual ngures, ana many ~ nome very nign For m
stance brogan shoes would range " BOOTS sle or Sse
lead 30 cents sugar 70 cena eonee " Genus bacon 70
CENTS iron ~ cents &C., 90 WIN variation
in al other probably centeng at about 20
70 excess, ana osng an e'i' VI Wal Gun remain
But IN the to excess relation Is naa 70 nnance beng
the difference between the YANKEE condon OF currency
and ours as previously Proved theirs peng tunes better
tnan ours and TINS ev renealape. seateS 70 iach
ofcaptalists as compared with the North So Mr. Mem
mnger WI, auow IL sno9iG never nass IeG ISSUED, sun
since 1t has been issued he mas certainty aone we'll IN
funding so much OF It, showing MS ingenuity ana at the
same tune the almost precise measure Oh Pariossm ana
capital IN tie country. A.. e ooo
For to reaect moment It wl appear tnat out OF SGV
0eoooo OF deot nearly mas Deen iuhoed.wtn
drawing SO much aney from the ana since we
nave only ABOUT wnles unoer ~ present.
anu AZ ~ ~ safe 70 NUMBER he peiSons ~ aoV
voo win the aeaucton OF nneenths 70 90 80
shows population OF VINO may nave surrendered
ner 70 Inc OF a. sne
no more iunomg: ana tne query arises, "has Is 70 De
aone WIN the zooogvoVo e nasts AUS .! us Az;
ooonoo needed 1or crcuatinh-a1 tue salhe s
for the current expense OF hs war ana
issues al tne rate Oh say, ee'ovo,vou pr meh.n'
fenaea Deot WISH 10 observe Gere nsi sse . uate e
oeot Is sun 10 De PAID me Money 10 cauSeea put n
bonds are hea But Is TINS aeo was ln'enoe9 20 De cas-
upon ih;ury ior ,ea 81 ALL ha sI
VI PuSnnS ~ n ay ~, h;as .a1t, n''' VIZ" D''
II must be kept in mind that the currency now afoat
iees he el tnese ooaas us lucy 10
the energies OF the country mere oeihg always an
pension among every people ina. = mrge na.Ona, ~
iaay % ana WIN tnls 'ne ,s
aee ~ az ;. q n =. aso .s Ht 1900 ~
IN % d0 gu a Nor pan This ba
cullS'sy ~ t"s na!os y. ane % y; ca" . u
e"rea 30 ong Us 'nis aeo'H unPao' ~ 10 Pe'Pe'u"
incubus
ine'e 'hen EXISTS TWO eVlls-S.es 'ne
ems excess relative 10 DoeSaae &C., anu ne osner 'e
lan9e9 0eot "nicn momenty reacts upon 'ne
etns excess and Increases the DOM OF WHICH
must remain for the present ..
Temptation to fund.- The temptation to fund on account
OF the present per cent offered commencing ana end
ing 6, has been exhausted in the double direction OF
Treasury ana people the former knowing hat per
cent on national aebt W"u!o De 100 heaVy oarue,
while tue latter asa me rear o. aha sho
some also tna 0 ma. constantly peofe lne
eyes; 30 u may DC saia Tue oatoa STANDS awaiting soe
ming 10 De zone 10 nep the currency.
Some recent plans And here the huancieFs hx them
serves ana propose various expedents-ome proposing
no more temptation to Investors but rather compassion
IN with profit That is to say create eonds
o 'he Don ana require ther purchase or tnat u soo
unnecessary Others propose that the rich shall 'enu
their money to the government for 81 years. interest,"
untaxed that every 100000 he size Of these huge
monsters) the strong temptation OF 5000 interest is
brought to bear but being no temptation to the n;ne'y
nine one hndredhs of the people, inasmuch as they can
not enter into the speculation This plan would burden
the country with 50 years debt and create moneyed
aristocrscy-two great evils. Mr. Memmnger sill likes
the funding plan, it good II has eica.
cy row.
Ny Mixed Plan. II is termed mixed because it is pro-
posed that the Secretary Of War and will do his du
v in removing the dead weight that letters the currency
Of the country externally and internally by pushing the
invaders BACK and recovering lost territory and pOpuis
tOn products and labor SO that our currency NAV diff
fuse abroad ing the 900 of whites we c,s and
pushing back the Yankee money occupying SOIL
and in the hands of these people Until the tide of
war rolled backward the external excess Of currency
cannot be absolutely rer,edied And have NO dos that
present hold is to continue our sole doman which these
various schemes predcod upon, while it is possible
and udicious to begun tie reform where required
acquisition of more territory and means and giving
TO distant people currency instead of behold
ing them using that of the enemy. By these bonds and
thus funding seem To be providing for permanent
evil and a transient oue when by repossessng our
selves Of what we have lost we instantly rs if BY magic
fill people with establishment and joy at the palpa5,e
effect upon prices aud the prospect of living
Meantime the Secretary of the Treasury can the
attaching tn his hitherto insufficient fnancerine
The excess with him is OOO how can he capceit?
By issuing more bonds, Nh H.er hud none been is
sued Tue only man can see ia taxation To what ex.
tenr To the ABSORPTION of the whole amount and con-