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

L II fhrss estimates Aa extended 20 eshlraca rs-
rsaniur months OF TIE ca endrr ys-f tiry mast b
doullsd and th-f added 70 the uns-7pn sppropri.
lus would msse aggregate 81 81 42l sfa rs n which
Con zr-ssis is fsrms ly called npon provide Il IL 90
viuus however shat the amounts 70 tie credit sf uu-
drawn spproprlat0u, cannot be called fer nss1nuch
there rsnsi Ou three 7nths a ts present calender
ysEr pee provided fr. and The expenditures ars La
lfed - MY ul o. per ulan's Sc 700 - 70 the astul-
ass ANY measures which VII promptly reduCs the
currency viii set upon prices aud hareby ms-ris u
reduce h9 ea iaes Bat he larger cures exhibit
rs ia o disJuct aud tangible form The problem phes
W. are Sow Feqaild 20 sFiys T1z currency has by
lhI tine sitaE-d dEensous o.; SYs tinss is t,rs sr
szs The -stmatss are bsed upaa pr.co- Hzsd 6y hi.
co diuu Of The currency II iseSe esmsss are 10 BE-
ssBpod BY new lauss N currency, prices RgGFn
luerssse large sddil-Hs mast be made ths Furss
which represent both currency aud estimates Il sb
yous th-irl8r7. thui other mode Of raising sup
i-sn be dsviles; aud The usesssiiys eqgsi e5v
Of reducing ths currency We tkas disfiae ty
ssautet vita these two cocUt as uec0ss ~ ella
meats efthe problem 10 h- solved E reiuefoa az
he e1sug currency and supply Of means frou sons
source other than treasury noiss.
In former report Il shown that sl5001O COO vss
protahy the auloun. u crrs-cy uash eozl1 BE- rs il
clrspa ion under sEisisg crcGussptss Ia the Cousd
crate States with material israngeusE of values be
eerreney IA 1rcslst0u when the sinntss for tba sn
sulas year was uhde ap, oas shout foar dasss that
asaeuni aud Il may be fairly assumed that ths prices
were tba nesfiy four tfTeg What they should have
been II hs caFrsucT Lad been restored 70 s original
soHaitiau rsdae isa Of he sHusnsy should, there
fore, s- preliminary ursfcTe b il subsiahsllr The
most eieent means OF rslsas supplies, frr aore e.
thsu oifheg taxes logns These sst serve oalv te
NiN~ tis1 amount Hehel telf AtNifnafF a
cdaetion 81 thr currency hy reducing prices furnishes
lhrsa or four times smount ~ sa.h r-suetloa, II
be fflv sssra-d that reduction of th- carrsBey
- coo uauid sable toe GrverE1n4nI to sust.u
fHsf rita eEP-ndtsr OEy S4GI Goo 90 % a5nsr
lnu IL our prob en- Be then stated in fsars- BE- re-
uIires the apparently 9gp0ste conditions OF s.ing
500 Vye tO Of supplies ana % re'i, an eqasl s0unI
% Currency
Ba Asrz i a'to ons further condition isvoivsd TIE
support 81 me 65ysfainst r6qare- esEtnusl supp iss
rebcy, ssgrsVatss Ell th- d ficuIss Ia ,hs interval
sther isaus mus Is H4e. ard hose isFu-s react On
prices snd Increase ths Governments expenditure.
Propnass and ceraiaiy in ths reelection are thsrsfsfe
Important 80 The rsdue;.an srh Thud are faIry
confronted with zoe tres tf eultiss 10 be elrountsf
/. The oarryRcy mrut be Tefucsd.
= The supplies mlat BE- TO sed
The measures 10 attain these eads nuri BE- prompt
ard certain
d fhs currency must be reduced
IN The present ezpAaaeu ste of She currency Il
W0ult ao be sEpcd-It % Feence ths srcuistios n ls
proper norlns stanis" ~ order 10 efse he results
demanded BY TIE pDbt Interests tie contraction must
~ necossty be Freat sud sudden. 10 Il, pvssrl-S
th-ta reiaeAoa " shl sniirs vsiune two hundrsd
millions vii Be sufficient. AGer the VAT measures
may be .oV-d Ter such UtLer reduction - nav then
bs prafer TIE sEco- of currency over This pr0pes-d
stBndsrd now Ebnu I've huudred E1ildonl Tbs re-
dds,ion .. prices Wh uoss fo the re;rinF % his
aHcss5 Tosd, la a Prsk sby, reduce The sIsaasss
Of he Cover uei that ioqr hnsss& miiisns oinsnsy
world re e snaieeut adHpiy Thus W have before us
dsusnd fer n.as huuarad Eiuis In the course OF iAe
eus1ng year.
~ ne present iists 81 tbo ceurtrg u is zlsifs.tl,
! q 10 fAiue Eu1 aiehe. tud
se tersse, compelled 80 resort 90 The only other
raseurss prsFeaisd sy sKreri.uee uamsly; a iosn
ln She voluntary fora osns have Aresdy been tried
hy ne Govsrnnent and hHys sueeeeasd toe estsnt
OF uuwssds OF three hund sd millions sincs tbs com.
rneucement OF the war. For agricultural colnry
Ike ours bis, Un ieFihs Unexpected upca eur
,,eofle ,vouil Justly BE- deemed large coutribitan
A. tse commencement z tbc war one forsssiF tbe
axtsn 60 whc it would BE- carried II ~ not eIDect-
81 that wonid D. called "poa TO cheek rhs advsscs
~ halt - iion u en sap 5otted By The whale outer
vva.ld while we Wsrt shut n & own soil an6
SOURCES Oar products were thuught sential 30 ihe
rsst Of naakiE7f and H was believed that hey weud
come aud bay thes. Our financial were
ia-nced Sih thrse views and were tou ded apen IT,
basis Of specie vaueA We issued reasdry uoies Eiths
cat lntrraA sld thsa H-rod to exchange thsm for.
bo7ds whose Interest y rs paid In coin This ihiers
was laade high -ishi per cent bscasse fe legal
rss af iaeres1 tie gvaer lumber Df the crtz8nsl
Coufeds--ie Ststes a. sud 5ver savei per eeut
This syetsfs was sslsd up5a iou1d Fracpiss AID u
could have exported our Fsdaee sns iheresy asTe
procured sPsCis or IT, equivalent iss plan Neuid have
Cd th oslac's intended iIsiartuHsts9 the block
.ds accepted BY hcr 81 0wers, sud our lakt sx-
nesisions disappointed lhs speeis Of The world
could rot ~ IN upon ", aHd, When Vas ezhs7si
cd, were sompceJ to pay iuterest eur sesos IN
uotes The feundstun Of iha ETatsna wzs taus
lest TIE pupar usnay rested on obsr PaPss aRd ~
boh AccUmuiE'sd hsy acted sl reseied saah ether
uEfl both hsys hsen daesd 70 he rs.s a Aeh tAsy
nDW stsuo.
Ths o5sous mode sf recovery Is 20 ths sPsoe
fapadaon, to obtsln fshstpte ssPrsarauB sIece
vauas This rHs attempted a th- as seaasn - Goa
By tss issue Of cs'teE nsIvsi bonds sad by tn-
srop0Ha 10 obtain the "a shtue ef he Sstos on tbs
sssds u tha Confederate states hass honda A ne
getiaisd ln Europe. is wa expected would provide
fuHdg shs redemption tfa s1FreRey, and tbas
pacs aP0n GrIa foundaiiea A. lsls the fzli 81
Rickshurg tie iit of Che Cougederscy COED
Ia Europe haiti iE believed hat boRds with sush
Euarznt-e eUuid baVe heea ns Rosiasd a. rats which
guld have easbsd the Secretary es sac FrassUry 20
centrai both lhs eurfeC5 ana The fsTaRn ezskznssa
uersuhHeiy a01ne Of the httes refused thsr
reace aud the massure failed Wkis thtss van rs
raeaslrss In progress ef8rt5 rfs made b. The
government 30 pat 90 Eeu2n t euly otlez mode 81
rails * msusy uaHisly iSsss ghe f1ss la1 sas ls'd
"a August lsnl. and although Glt c's ed until i21
sel % lise le people prap5rai \, respsns b =
he tsx WASH lusl collected f.i3 tbsm IN Aa,ea
stat~s. u ias cess lea dtatas tellfs vss ady
sla5a aeetr s4ei- 97 .efe- s.HErsvatee ss ~ &
sra fares selte k0ndE.
.i51r ua3a .s laH he OoseTl 8it l,
SIS. a-as r- fas Il 90 ~ trassprT ratsF. sna
4 u s-sssia u rs la P9ss.ble. By 'uadi1s e Is
MAJ 8G.rss rsEa aats 6y p irducsns1ls ard Is 'ai
fEieapl siyhs5ss, 70 pF9la5s iusdns TApse szegts.