Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1863-06-25
For the Journal.
Th~ CurrenrSs

.ro that MANY crude and falacious, well
cTnicious Botions prevail through 'he f0uy d.
- rd 10 the Confederate currency; lew newspapers
nIes+srted the cry of deprecated currency ana IL
hes 80 Ia Currency has deprecated. Therefore
no couutenance should be shown to The pretenee 'n@
has fIacv l. 10 making gold the standard of value
- -, the standard OF value when IL formed part OF
!! circulation. but since ceased TO have that
cur md BECAME altogether article of commerce
- a, ,ascd be The standard OF Vtu7. II no more
IT. Dad u value than iron or brass lie Price
,4gply ike other n, cles OF trage tIo, Is scarce;
IIrt3e. comparatively, can be had therefore the en-
= ries Does any suppose that gold mines houli
Sis've-ed The Confederacy which should yield enc
.... of d. day. thSt the aicIe "'uu Keep ~
for Confederate OF SIX % eiyht per cent?
m i much OF political ecoRohls5 VINO olsnhs So
. + a ;rade beyond the limits Of the Iohieoeracy were
- Il the sane eject would be produced. Go!d would
9 - is old prices. unless some few boarding.
.Ae fancy TO gay email premium for it.
~. .g.ry ron fhe - premises il, that the pre-
r; prices oi groreTs, ny locus anu oi3er
.sgs Is ia Conformity with the great law OF t+"tede
.- s.sa.s-a0d not h"c"nS" dapreci atom il tie
rc.r-- ~ -r..Acd IL various articles -
trr me mouths eInce SIT was 50 at SeHty dol
r.ars Three months since at five dDlaIs for tn
elv1 iUat tne saPpy nad ssesSy increased, ms tie
ffaG or iess, y; at it "s two mYn'Ls and why
-s supp'y Is iucreas aud is l;heiy TO -crease
m more nus AIS eEln& tie demand According to the de-
" y- tsccy these articles should Lot have desrt ased
r.e Ding the jnCTeas: OF srpIly, fer certain
j @ currency - "o'il % mere 'E-n Ii was Two d NICE
iii. e1rrcLcy has Deprecated, al articles trade
-ua.. appreciated il the SAN; ratio, or The b are
0 m)re 10 rey TOR one article than tor another, il
IL q
. a. # lad two different aftics TOR sale and d
t offer purchase Ct each, Offering PAL meut
bank that nCOrOuEiy EeIeGtF-!ive FER
-af oult the seller would haIdly to take
gem article fifty cents discount whilst for the
r article he eZacted seventy hive. /; j. wou kaown
@ has not been uui:on. Seine artic IS
a.Ee LaHced III five told, ten and some
.a ir,. Now. it that the currency If depTecae-
. JrtL Scnty Il e dollar pay article
gone up five fut, and only lC0 the dollar
ay fer ,he article that has risen fifty fold; and
trough al he Intermediate grades OF enhanced prices from
W, tjy. Governing tie prices Of ell the great
CtcIa lay, demand aid supply ana not u precAted
HTTeICy-
Take SEQ her tst III t7Yo ce2ts day interest bearing
F-tssury Cau-ut be had now viii out premium
by should this le the otter Issues u the Treasury have
.pfecIucC, the theory OF GCHs -. 20
Ft- 4. dnaS, where article has risen to fifty
value. This form OF Treasury Notes Is no
..r. binding Government }EAu those Ct a@oher
. lie faith IF the ~ yeIEmeGt pledged in the Cae
49, much t. C other. and al share the same
49, nd the GoveIna ent bonds, many issues OF
...,u all g u-aIIy Luu rced per AnHtL or
los. sui /. aly person indebted any 0!
uLs -as Fl-s HuGdIed Dollars. Tor debt contract
.G.a -..t a,", ana sLCui prJhsr Confederate money
.s s-ia -l.s BaEk refuse It, except a. discount
a.F, l| t.o contrary, refuse payment IN bills OF Il
... .a,ful ere d. VIII n shen4d Be be passing o3ly
....s..s discount
#f.r.L. ig dislike TO lear IHeC, especially intelligent
.. 4, It ID Ucl ecitted currency. cannot perceive
~ ..l COWS i. but INSTEAD see great evil II
- f..- minds of the ignorant tie subject, play
ii}s tpcCuitCTs- and III the credit OF the
.. ....s.=.ut PAR VALUE.