Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-02-13
TIE Pua.rn nRRP.


CHINA GROVE, February 4, 1863.
EDrroRs APPEAL: I see that G. A. ChAndlel
Esq, is enIigbteniDg the Confederstes By poini
ing out the ways and means Of an curly, rapid
certain and easy payment Of the debt Of the Cor
federate Stases upon the close Of the war It j
proper that all schemes upon this subject shoul
see the light of day [" and be thoroughly can
vassed, and perhaps as veil now as at flluT
day. Light is always desirable, eTcepsto thos'
whose deeds ere evil, snd in some conditioni
more light is most desired. AIr. Chandler'l
plan is for the government, by the aid Of an ar
bitrary Law aud power to bring al the cotton
now made, and that nay be made, in its juris-
diction at twelve ami half cents per pound
sell it at twenty-five per pound pay for Il il
arbitrary paper currency and sell il for the
eoll This would certainly be very fine
operation for the Confedrsry, end reflects
upon Air. Chandler SIS much financial ability as
if be had discovered that twice one makes two
If you will let me mske my currency and the
laws of trade, and give me ths power to enforce
them. / want NJ other financial ability to pay
any debt or accumulate any fortune in the reach
of combined human production; and this is
what Mr. Chandler asks for bis scheme, aud 70
accomplish it he must amend the Constitution OF
the Confederate States, and Of the several States
in two important respects, tO-wit: lst. That
clause which makes gold and silver only legal
tender. % That clause which prohibits mo
nopcles and special privileges, so as 10 make a
mere promise 70 pay On paper legal tender,
and to eXeluds sll composition in tho cotton MAJ
ket Would It Be wise or prudent to DO both or
either of these things The history and policy
of
great me5, answer in the negative. How could
individuals carry On commerce and trade with
foreign nations, with the currency that Mr.
Chandler proposes to make them take, and
which, by his plan, the Confederacy refuses to
take in payment Of the cotton she may sell 20
foreign ustions. His plan would at once de-
stroy our commerce in everything so far as in
dividaal and company effort and enterprise
was concerned aRd SO far as the government
was concerned, except in cotton By the govern
ment, and that only in its sale and export. Il
the government can make cotton worth twenty
FIVE cents pound il gold 10 the government,
size can make it worth that to the citizen upon
the same rule and lsw, tO-Wit; By prohibiting
the sale of any cotton fora less sum or different
currency. Then Why not give to the grower Of
the cotton the benefit Of her legislation and
powers on this subject instead Of denying them
to him, taking from his purse one-hah OF his
hard earnings in gold, and putting into his
pocket the other half in psper that be csnno.
use beyond our jurisdietion7 Why constitute the
government the sole owner and monOpOlist
Of The entire cotton and commerce Of the Con-
feieracy and the States upon q fictitious paper
currency Why single out the eetton planter,
who has more capital invested works harder to
raise it, and encounters more peTils, dangers and
losses in making it than any other producer, 10
spsculate upon It would certainly be very
kind, gracious and just ia my government 10
say to me IN New Orleans that my cotton is
worth twenty-five cents in gold, that fOTsign ns-
tions and individuals are anxious to get it At
that, but 1 shsnt have but tWelve-snd shalt
cents for It in paper and non-eommereial cur
rency and that / shall take that for 1t, when the
government instantly manipUlates twenty-five
cents for il in gold This policy would startls
foreign nations i. would aid and compel them
to resort to the culture Of cotton as far as posi-
BE, and to retOrt upon Us when we needed cot
ton or other fabrics by putting government
price and currency upon them.
The laws of trade must be reciprocal, and
would never submit 70 that THle which made
foreign nations pay our debts by virtue Of mo-
nopOly and extortion, and yet this is the effect
of Mr. Chambers system. Our government
may render the cotton grower dependent upon
her for market and price, and the necessities
OF other governments may compel them Tor
time to buy that cotton from our government at
q price and with gold, but those governments
will ssy to rs that We have need of many things
which we can only have at certain grics and
for the gold. They could aud would Fetalate
They will never consent to pay our public debts,
and be dreamed Of sll their precious metals by
any such arbitrary monopoly and EEtOrtioa-
They wOul1 demsnd to enter our markets and
trade with eur people in free competition with
home traders, or they would Tetaliate. The law
of selfpreservadon would compel them to the
one or the other. Suppose France offers to the
citizen of New Orleans twenty-five cents in
gG,d for MS cotton and the Cenfederacy offers
him twelve and 2 half in paper. France off-rs
to take gold for her febrics but refuses the pa
per. The ConledeTsey has no fabrics to offer
him Yet Mr.. Chandler would step IN and say
to France, pay me the twenty-five cents in gold,
and here Mr. Citizen, take tWeiTe and half
cents in paper aud get your fabrics as best you
csn-you are making enough any how, and
have use for the balance i would simply be
compelling the cotton grower and foreign ma
tions 10 pay the Confederate debts. Such dis
elimination, such injustice, such fundamental
changes of the organic laws can never be toler.
sted by any free people or international author
ity Let the citizen be fosisred and aided 70
the highest prosperity under proper laws, trade
and commerce, and he can afford to pay his
taxes, and if the government viii levy direct
tax to pay her debts under such cireum5tsn ess,
the people viii be ready, able and willing to
pay them. PLANTER
COTToN BuRNFD NEAR F0RT PILLOW