Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1863-12-03
From the Memphis (AtIanta) Appeal.
H.. Xix Convention.

! The convention of bankers called to meet at Augna
ta on the 16th Tor tie purpose of considering the evil
OF our financial embarrassment, with view to suq.
g's lug the remedy adjourned after taking such action
as vas deemed proper, sine de- on Tuesday While
largely represented il. he banks of South Carolina and
Georgia. and repro snted 10 very small force from North
Carolina, Virginia md Tennessee it s,ems to have had
no esentetion haever from the remaining States
OF the Conleoeracy: What, however, was lacked we
suppose IN representation from the other States WAS
conceived to be than supplied in The number no
son ard lueLce ct the representative from Georgia
and South Carolina. While noticing the p essence If
an extraordinary Lumber OF men of character, We no
tee prominent among them by reason of their ACTIVITY
in tie convention Messrs Trenholm of the great bore
OF Fraser q Co., OF Charleston, and Lamar corsnicn
GUS 10 aairs financial and commercial for the last sev
eral years, OF Savannah o doubt much consideration
s due to the convention when we consider The high an
cla and intellectual elements OF which it was comnosed
taken IN connection with the fact that it had the adyan
tage OF esoteric knowledge and experience upon sub
3cts about which esoterc classes are supposed To he
gentralig very lgnoran While not denyinq the nara
mount intelligence OF the members Of the convention or
qats lonng their patriotism it might not be amiss to
OBSERVE thaf While ts0teric class has all the Decuar
qualification for intelligent legislation the suggestions
may DOT De wanting in giving peculiar shape
and dire ctlon to legislation. Bankers NAV BIZ infe;
gent without guile and in aspects of patriotism NAV he
as exception TO the usual rule of humanity which afirms
that mans shirt is to his skin than his coat
lie lofty patriotism OF the banks in their cordial
he
has often been the subject of eloquent mention M donh
deserved Not having been in the secrets of the
we have no very artcIlate knowledge az To the
extent OF the Secretary of the Treasurys obligation and
gratitude We remember, however, that the hanks
suspended very soon after the began and with in
dvlduals made very heavy issues of change bills tn
ply the place of the silver thus Withdrawn and we re-
MEMBER also that when treasury notes were first issued
Lhey were taken promptly, nay greedily at the conn
es OF the bauks to exchange for their own issues We
enemper, also, that after the fall of Nashville and New
tne oanks instead of giving you bank bills at
ner counters In exchange for Confederate bills gave
confederate bills for those of banks and so exhanstn
vas the process OF substitution that few weeks o1
onlns ony sunced to witness the phenomenon of the
utmost total disappearance of bank notes from the conn
~. we may suggest another remembrance more re
GU tan Tue lase ana yet not without connection with
u tnaI "nle OBSERVING the total disappearance of hank
sues as circulation IN the option States we noticed in
Eenaessse very large amounts of such issues not in
ccuiatlon, 10 be sure, but in private hands
eid or sale at the rate of two or more Confederate
onafs lor one OF the banks of Georgia. South Carolina
4 Alabama and upon asking how the notes of tbo.s
anks got abroad, and why were thew so much nrefsr
co 70 confederate, We received for answer that tbev
,ere put out Tor use within the enemys lines in mr.
nes.s goods, having the advantage OF BEING more -
5auy received and more probably and easily employ
nfougn secret agents in b1yng cotton in the South
would not say that these phenomena were unpa. ~
otic, that they occurred withont the INTELLIGENT
'gnzance OF the Government; we would only say that
'ney occurred without such intelligent cognizance %
icy give eViaence OF an intelligent sense OF interest not
len TO humanity in its less professional aspects.
rom Inc TACT that the proposition for calling the
Invention originated in South Carolina as well as the
eWs which form the basis of the proie submitted bv
e convention, under the endorsement OF the Richmond
,ntne the supposed organ of the Administration wa
fairly entitled to the conclusion that there was inte
ut accord between the Secretary Of the Treasury