Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-06-24


/ sent seatA Of the Arkansas river. They viii "a
well to avail themselves Of this my last friendly
/ Rdmoaition.
! Trusting that you viii fully appreciate the
motives that bsvs prompted ne to adopt tkis hu-
name Poley toward your misguided fdsndi,
RaYs tas honor to remain your obedisnt servant,
JAMES G. BLUNT, MajOr-Gsnera.
TEE OoNBRDERaTE CURRENCY.
/ FreD the Richmond E1amiRsr.l
! AiGsri, in his meIaoifs declares that bs fouud
the brokers, in al the many lands Of bis travel,
/ to be ever tba worst class Of the population.
! Tie broker Is he who spscOlEies in money The
/ brokers are now at work upon the COnfederato
I cuTTsnsyi and thsy are at work very brisklY.
Ieslr policy is, ts spread abroad general dis
| trust OF the currency. They wish the people to
fall into pazis; to rush TO their countarS with the
discrsditsd notes Of the Government; ana they
are esger to buy these notes at q heavy Discount
/ bsloW their value. Their business is, 70 depro-
Slate the public currency, and to make gsip
thereby.
This money is the breath Of life 70 ths Gov
/ srnneAt Without Il the war could not have
gone on year. Without it, our cause would
fail, and the hssT5iss Of The cosntry perish fer
ever. Il Is that which the soldiers receive in
payment for EeTvissB which no money, no 70
wards, 40 tbsRks, no compensation can requits
1t Is upon that that he subsista in his weary
nsTehss, and in bis long sni hazardous vigils
and II is upon that alone that he relies to SUP
port the cid, ths young and the helpless, who
ars dependent upeR kim at bona. u Is with
this money tAst Government subsigtg it's arEniea
provides for all lis wants, prosecutss all its ops
falons, and Without which it could not for one
week make hesd against the invader 1t con
stitutes the very sinsWs Of the war: It is the
Raesns By which Government sppea's practically
20 the ssppsrt c The psspia; and if e by thsir
fate IN this money thzt ths psOpls testify their
tsitk ia ths esuss ia which their interests ara 90
deeply involved, End their feelings so completely
abssrbsd.
WHO could think Of Specializing in this non
ey, bat member of the ELSA 20 dssDi5sd by
tke Italian poetl VIE. but thsss people, could
consent 10 employ tha arts of the stock exchange
upOn currency whisk gives bread and meat to
or soldiers ana FUcesss 70 Government, at q
crisis when any Impeachment Of the public
sredit might prove aG disastrous sE soms Hiupen-
doUs tgesehery (Which is impossiblo) migst
prove IN ths ssBp. An Arnold IN the army
migAt iRfiss vast injury EBon the cause; but it
Weald be es nothing GozaVarod With the mischief
which thsss Iscsri0ts Of the curhssons ere in
hehHg, By thsir busy and Industrious dspTseiR.
toE OF tho peoples meney In former times
this base sg1ploynasnt was lsf. 20 Jews nation
said TO Be without Cod or 8 country, ard 10
pssse7s ne iustincis Or sentiments of paHiotisss
but this tradiHg race No longer mon0polizs the
disgraeeiai tTafde IN moRay, upon which slons
the country relies for success in WithataRdiHg
the fearful Oasst Of the enemy, in preserving is
Inherited liberties aad in Vindieating It's iuds-
psndenee. The JsW has, in this war, given
saany instances Of exalted Pstrioiism the bro
ker net ons.
Among the Essns employed to inspire dis
trust OF tbe cUrrsscy and e Essriics Of it by is
soldars, 70 the assertion that the C8ufsdsraev
viii be unable 70 support the public 5tht, which
aust sooner or later be rsPudiate1 altogether.
In support OF this assertion, tse examples 0f tha
temporary Government first instituted on this
continent in tia primary war Of independence,
aad Of tsa revOlut oRsrY Govsrnuant sf France.
are gTgHd. But th7rs . no analogy between
these establishments and cur own. The eon5i-
rcntal Congress IVES temporary G0uceTn, Which
d5sFpsaTos frsH sEistsucs almost Simultaneous
ly vita the exigsEey which c,eassd it. With the
fall sf that Government fell also, a. p natural
result tbs obligations it hsd put forts - tha
fern Of pagsr Eat much Of thjs psper was
lznasd sBa paid By tks rsgqiar Government
Wkieh FEcsssded Il. ard all g. it W8uld have
bs-z funded an rad, but for thc notorious fsct
Shat its h0dsrs had By sugrsosful aris gecu-o5
PotRessi1n Of Il isr nominal prices, aai shat iE
nsria anopnts cf r5s paper az rs were E1ecs-s-
tBl ccuniertaits PVT in circu ten By The British
GaVsrnment. Ihs RsvOlriansrv Government
of tho Fs1ch RspBbiic was q znene srazl tvrer-
n.y. which disgTscsd hURasuity, ard wsns down
amid tho eEocratio1s Of mankind Suck Wes
tho charaaisr of the Government, that no man,
in France OF oHs Of il. thought for ana Troment
Of protecting or respecting its paper Obligations,
But the casa is wholly different with our Con-
fa5eracy- At tss outset Of our career we estab-
Hshsd regular and permanent lsTnmeat- /
under thoroughly dgsstsa 80 deliberately
established Constitution. aho sbligations of
isiu Government are obligations Of shs Conf5aa-
racy, for which its faish is Pledged in the most
solemn forla. There is no conceivable stale Of
circumstances or form Of device under which
they can bs repudiated without utter disgrace
Up to the present time cur superiority TO tie
North has bseR exenplihed' Only ia those quali-
tee which eaEgttuts respects biiity in Psopis.
In physical power and msterial resources, THAR /
superiority is ACKNOWLEDGE Our forte is
our jgst claim TO Tespsctsbiliiy Our pride IS
in tasse qualities which givs character to e ma
ton. We can via and retain the sympathy
and respect Of mankind only BY exhibiting those
high m9rs qualities OF honor, faith, integrity aH3
courRgs which are The true passports 10 rank
and inhaence snong tbs family Of nations
Such is tbs organization Of modern society, that
faith snd punctuality in poeuniary transactions, /
haVo 6sceDo The most generally recognized /
tests Of character and rsspectabiii.y. Ths man
who disrsgaFds bis honest debts inficl5 G stain I
upon his reputation and the nation which re-
pudiates its obligations BY direction or indirsc-
ton, at once f9rfeis its rank sad standing emOag
civilized communities The Conlederacy, egea |
If It could consent TO ferfsit its aafrsspect could
net afford 20 forfeit the good opinion cf mankind
By reputation, however partial or indirect. of
It's public debt W. may isstly se9rn tao help /
or cOuutsnanca Of Europe in cur military stTug-
glsi bat ths establishment Of car charsoser /
ssoYs Tsprosoh, thht shall oxlort ths respect Of
ths fsIeiga world, is not Snly q isad2ba en-
dsaTOs, bls 81 investment that san s9t fail 70
prove immensely pTof@blo.
We aEseTt, wits proud defianea of ssntradie- I
ten shst The Csafedsrata Govsmmsai viii nsv- /
ar epudiAts o1e dollar Of is obligations, and
vs. sc9Tn the naa wkO viii assert thst any con
coiva5la necessity short Of utter auuihiiaiion,
can prsduee suck sn set Lst the paopl5 turn
a deaf car 70 tks oroskings Of susculasers and
brokers' lei thesa funS taer treasury notas
sHd Whsa tsat&s isapractielbio lei ihen hold,
ressive, and Ay then freely; f7r every one
Of than is inirirsiezilT end ulgimaioly worth
tAs full value It parpoTts on IL fses TO beaT.
COTToS sPECULATI0E.-VYs have no msans
Of verifying or e0Hirtdietiog tha statements
rsds in en- article of the New York Ee0H0uliss.
NTH rogsE3 70 large amOHats Of 60 on sa5 ls
bo purchased ioE Yankee AM English houses.
Seeing thst the co.ion now Temsinine N the
Coaisdersoy, ii boe5mas interesting 70 inquire
--tA - - 4Y- 7-o.i-44s 4a4o-iJ aFay lA-i rs
and becoming fund n sse hands OF cnsmiss
aud strangers. Here Is the s.stement Of The
Eesa0Mist
4 very large properties Of the cotton crop is I
VOW virtually the property Of Northern and
European manufacturers aud sRecula.0rs Some
Of osE Northern corporations have already,
through Southern agents equally Interested in
the speculation with themselves, boDght very
considerable atn0unts Of cotton ID the interior Of
the South, to Be delivered st tAe cenc.usion Of
peace Ihey have bought it as msraly nominal
raies, ana viil some day realize uponil perhaps
ihrss ames ths ptrchsso money. Ths sams is
equaiy or' paIasps, 70 str larger extent, true
of Bnghah speeuiators, who have immense I
stocks o. cotton IN the Soush, namiaaliy in
iae possession OF iho Saathsfu agsats.