Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-08-24

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4 taufsls propdIians This apso tuuty 10 seeuTa n
curFeneY asaI lost hseauss one DID or uld DrsnLs
2 ica apps Gate the uecsssities Of hr case.
Bat although We did no' avail uurseig e. of the mean
so obViousy innur posssasio snd failed 20 resp th
trAnses dsut ad ntsgss thar would have resulted ss
their urs iif hoagh undrr The eiTeumst uess E-r
sensible dd-rsuc- bafHeeH C0nfsdrrste n. tes an Foi
should d app ntmsnt or sn~pr.sa the e.
tent OF The existing Disparity rrafio Al and even at
garf.
Ts hzvs already been engaged IA var for two year
aud haf and one prs-nas tc question th' ability
agaiQ1 5t debt H th- srua OF iil contracrs co
IVe sp#ediy we peaes Psacr mHy be it a
oe iar au Blr n she FiruEgE were 70 last - on
sgsu has lasted faa imposs liity) sad The presaa
sb1 were more rhan danbed there s ne possible air1a
ain0n OF considering tas eErsa', Producra1a and ID
sanl- respects Toudrrful reuourr of the souutry
T1ich wo7ld red sIfedsrafs seeuriiss and -surl
not- % MY ouetsnth Of their value In gold The idea
= Simply prrpo ferous.
7hs who'll smaant of Treasury notes Issued inca th'
tr9s1rlfirnt ~ lEt5 osr tou Is ez2c - 4i41o5 -
0f lh.s- th-ru hsV been hi- ded bonds aud 81 oa,
si5 8lJ t9 nd seeu million Of rates asvs been IN
alei b. connection wih the post OF ard aficaof 1i
vFar Tax su1 tr8ct the uuuat ffl1aa frrasf 47~
cauce led the ISSUED, t-srs rsualu sut
landing e497 o0l go tor uurp0- Is Or erguat0a ana
domestic ezehaagsi 500 900 hzva been iuvsse Is
bonds ard -tocls, and % this sam mast oe aided
sl5 G00o90 10 fniersstbe ring Treasury n0tss making
q saaa s515 600 000 sf fuadsd debt
The Who'll public str IhsF fore, lneludirz ~ En-
roFean i0aa dOesau quite reach the n $50 1 C0
and sEslart his amount must Be charged all the eoon
and other azssE es whatever description, now hsld y
noe nrs interest Of he pu5Is debt dss. aot e1 se
s23 coo 90 paid g tae high afes Of 80 az Al pes
esuL Does anything IN this state neat pres 1t he
Gov rH1uot IN sHch cond.sfin q auz1cisl weakness
that god Bh0a c0mnaad pr mium Of ous ihqusand
per csuts or more, over IL obga less L s sdui ed
tlsi the caEfedersts ahl % Pav tl's debt
ihs entire sat faction ef ia csdltsrl But VII the
view OF sbtainiaE aoe e5r-lcL or ths nsrn
sic wrth o. tle nas and ast-S Of tha G0yernalenI,
we viii alFp sLtgnms case. We il So pGoss
faf best hti-s atsiI tho m btra cass two hone
- l aus uf dourz, aud has pursuinE the plan ad pt
% BY the bfidsa Gs ssTnIaef faen Is came 20 settle
is sraat nAHo1a daot. cur trovsrn aeHt were . seek
the same solution, aud 70 e 70 IFS creditors
s0idatsd stock c0nvs Hg be entire debt az three per
nt into goi At shiH rate Of ia erazt tsss be
between ninst one and ninety fsur. A Conied rata
S-tirs itree pr cent stock Etth interest Froml "
sld duly paid su b. not 10 fall below SIXTY fu zl-
a.e aud RF3u'H most probably stand uRher Wha
1uuo tIs abi ity Of lie liav verumHnt, with peace
stored co amerce revived. and fertile lands IN
cesfu cutivai iou The Interest NJ tn aeb q
Bur 10 his d7u- t 7vsuld fahs7F that every bun
drd do arr ia Ceuf-derars notes. entering iuto zHca
cuusalfa-ed stock Of Per cent. would worth
uat less than sixty asar5 IN specie Ia o Gar words u
pFstJie rsqU net ien doiiafs ln noLas
aoHr sud forty csuts 70 re doiiar i1 80 aou.
IN irufh, lsrs IS u7ihing Ehert Of impending ublu
gauu and tbs destruction u tbs Government, 5f abso
lufs hanruptcy autirB Gbns Esfion Of the promo
uans and rsouroas Or 'n7 county, CT tae pro pset Of
gsaer repuuiatinu by ne very people most int safed
ti maui Aniag he ssvency OF ths GoF~rn,aent which
conl iH-flg igrss upna tae q a derats uatca
u Eifair ataui both a. eraras she amount II
dsi1 sud military prospects it ia lite isss Bsn
ryv1r yhi iuuAcy - treat them ETtth E1ch dshendr
Our FHDkss ruemisH are Wsssr than ~ are. ThJir
debt Al this hour T. not dollar lsss han eigh hun
drad mions--ue~t probably several hundred miilio1s
more The whsle credit ihs b dspeads en the
anBY prstsncsu of an expectation sf comparing tbs
goufraaraie 3 fafaB Take from taan thia eEpecia
ti0n--rendsr Il certain that such ldsa ia
hppelasz - aud every thoughtful tbs
whole N0rfh knows that rsnural bankruptcy
asd utter To pudalisa are n-V able Perhaps ne ons
thing vet rauspred be snrtain than that
dva-JWsniy bonds and sfssn5aeE uoss viii aot be worth
States fil Ia this war. Nevertheless they have see
csedd Ia CREST IN maiutaHiug t1e credit Of
Ias Gov rument currency They have done this, 100,
viag in tle midst Of dsusoaa. and trading Ia misr-p-
rss-nia0ns with the conssHf da ger Of col aPss for
"a li-eH uautha past They daEs Invoked the lagi-a-
ys au hOrty, in he shape Of the most GTiag ut
against specustiuns u gold "a fruitful source of
g. 3D. and have watched aud gHardei al the weHs
penis II th ir giEantic -yyiuie WI the isslou
care They bsvs 81 sgre-d % do uat ias % ds7reete
1fr money oui every sing @ pregaht s ae{rf Aiiqn
We. on The contrary, fighting fpr Life, houor and
L1ertv Hv- d0ne no ing to pr~vrRf 3ui ev1-v hilg
lBai 1El .agsuuiiv and tbs vest pr isaey Cf s3ec-
t Jon aiaa suggest % rain ours Oar tfgyerHiaen
than thas- af he United States The Yaakes debt 10
ln amount wi a. large Il they oopqHer Hs
pnb-c seeur les and currency viii be lost
with Or nat onatyi bar IL they al 20 de this fneirs
will be ss worthless a. 20 much ausL After ha war,
end prosDsrous.y for Up oar eehi vii -7s.
permanent system Of hsra0nious statss and he
,asss rsy-nues Of export and impst arising fran aur
y - an ie'ihe planting regiiaA L'Fs viii o. AZ g
&C BY he gRrsos # -epErail4E between the 70 and
l-- lsz suos, Immediately ia arisa while their rev
snuss i9um foreign szPors 5sar ~ best ne com
phIis Nth
There Is asthag the1a in the military sitzsiioa or IN
TIRE cha &c er Of Ut 9ubic deb 60 f. the solVe1cg
Of thr Government scene ruad. 10 snabla -eeauu
isiaes0riy f0r he uuavorabis condition of our
reney Wu 2ut look Tor olhsr caasss and t seems to
/ II q large volume of the ou1eney. in qusnti,y
much Dsyand th e Heeas necessary rurpsssa Of cir
ca 1cuu-
. TIE rontrabsud trade car ed OF 50 ezten lively be-
tween be CJnisd rata States ami the United States
through he lines Of lie armies, boEh IN tAe East aud
The b sckals manlng bstrscn Charleston aad
N Wilmington, and he pert OF y ? Al.
Z The praefics Of dealing scd peeulsing in Yankee
currency within the G 1nfsderss ststee; de ding and
pseustin in state bsu uotss snd in gold and OF deal.
ng in state bOuds and u bank nosss for the uur
H tbs Feaeral States
reduadanCy Of n0Ruy, whether Of paper the pre-
inus metals, it mstiers not which will always cheaper
H. SiHce the discovery of The Califoria and uslrsian
gold mines, gold IS medium OF circulation sua sx.
ihange aai been chsapensd thar forty per cent;
hat ID TO say hundred dollars 10 gold to-day worth
pos uuuh six dnlisrs in gold worth renty
yeefa aF IL ms sad Of peper, the Confedsrats GOV
rumsut had issued Ts hHHdrrd misns ln specis. and
lscau Of peculiar circumstances. this sum IN
coin, could Aavs found rRrssI through borders
prqPeEty would have aPpreSiatea and gold would
have chsaPeaed aeyersl hnBdred per cent. Whst he
precise rate or depreciati n, following greater less
lusnuty Ia ct q hsalthF eireu' siion may re-
iouot SOW, and have % means Of ssosrIaiuing.
1hoRld suppose hoWevsr that double the zctu-
ally required by ths tirs busiasss 81 he eouatry,
'youd precats pFHpsrtY ald thaepsn the eirsIison
needed ouid sppTecat property ard ohsspsn fne cir
3uaton Ihr Anudred per eeak Admitting 10l
y Of ne Government a. unquesuonsd fact, an sl5is
asR q paper ~oHid De subject 70 pracseiy raERs
uls. Il suaPased by thoss who best informed
has gold aHd sac bank u0tss, sHd PriVafs essiiis
~ khB n7 ns"r any part Of The circulation pIupgf I
iae hundred ard city miilions IN r, ssry E8ies can
- raadlT sud ussit1liv rtaDiuyed masirm Of 4
iraulzlon. Bus The zeasss cs Of ths G.vsrssieut Z
Ak farHftnr
nore lna tie luuaiuF pfoceHi having failed absord
Jag tEcess there now tn the haBda Of the Pc eple
hnee times ifs quanstg THAI cau be hesithhally us-a
rom tbs eause thara has arisen an aDpTeoiatoR Of
property, aHA aepfBeatOn Of ths Gu -raHay 20 the
zieit Of TREE OF four huHdTsd per have said !
.pp at probation n prsPerfy, bacaurs with RAJ
probation u paper orsHcY in ils rels ion ysifb
.oi1 an aaFalce n ths prices Of pr DertY ia rhspa5e
ardi1 Is y Apparent. Bat tbs dsprssistisn ef eur z
'sFrr iH 20 rsatto with god b raa since enc dollar
gold purchases three or four more 10 paosr But
ilH gold Is ihe rBpTs eHttiVa property and gold m
= es = = 'alr 1sst be always sptsd s indicating
A irae ls, paper, hv a. morely local usdiunl l.
ply re representative Of geld and tbs rate Il drrs-
iatiol 1Yn means md cafes rHresl value N a-srp.
nea aolia7s n irsaaaTy noiss waoh vida psFskass
ay en 1oil ~ 10 E@id, be put into bead vghih vfl
aY Interest o. eight per cent Ia geld h. tvvslya
lenths aenee' iA-re huHd ed lsFs In irsasury notes
fh e tnet ulno De Warth ners tsan huudrsd lars
gold sd there snO rule sf ceamen sen e. which in
bic viesf d ihs czse, their real In B.,
zae ~ o. low stand rd. fhst ef saH or vevs fog
e. loluWss geyn2d aneH1ipns thf the solat Of ic-
raclinn ekhbits no a-i, ,aacs of Ia Intrinsi ius -
" sasafy notes, DIT hs rssyt Of Temporary GO
speotIialiOns sh iaiurious and 5oraoruEinz h.vin
. oiaandalloR ln reason, er n. .oniiasFy prsdanes
All hHs ness msn and oshsr ritI1a-s In t-s fsosFs5a
'cT should sei amselvss 81 work, slsedily and asib
laeiE 20 couate aet tbs depreciation Of he enrrspe
e Account Of its redandsney No mans DrupertV Is I
iaiiy "or any more bseaues be places iys or len
ricss au h. ana ihey who Fsy tvs Or tsu prices when
y fnvesiiugs On a0VeFnHaent7 bonds. on hV Iaaoing
oneF 20 she Co eminent On call they aay IN n com
sradgs 8sort lime rsass such IN iut-resf A. tt-i
ans ~ vi NIX every dollar worth 70 much snid (oF
Yen hal % mneh-) are tally throwing ths money
te slreeta But, however thia may bs, pssrs "a
very calizn tRaf the redu -daney af cur ca renew
4l 4Enes o. present, will oRly Reeount far namsrs
ely smau - n fhe ten Twelve hundred per cant
2rreei li0n a. srhschitnow oifcuiat6s, fakg gold ~
e Hsudardioi Faues Hhs rest nlsy b. tstl sttriba.
d tofda nthar ealsss Lave snHIu8ratsd I shsI moi
henpf anytl.ng OF "A anslyza Of tina part Of Ia
ibiscs 8Qt viii pr pose The remedy fGr rbis Tf
= So s. 81 itEeh % nay mind
~ Coo -fes1 shsuld pfoessd 10 fund 81 10 terms or
say drafted tpT a. o ieos Ell tie twenty any and