Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1864-09-01


President, Augusta, Ga:
am greatly obliged by Er;t son Liter a of the 9th inst st.
people stand by Government aud Congress
to do their dqt? anfu there not the sehtest danger
Of gea folly to be buying property ct all ktds a. ten
irnsrs are Buying their 6 and per cent bond ard car
rying them abroad. These bonds will bring in pecie
cy and We viii have to pay thsse zrangeTs in full ~beh-
er We Tih G ot rot vhe1eas if We kep. hs bonds at home
trying to pas for al foreigu supplies ont of the
profits cotoO and have nothing to buy with bonds
and treasury Notes bit -four, meat ard unruf:car
cd goods and pay transportation railroads. II
break down under tuch ctcunHtances, il Will be cur own
fault and "e will deserve nobots compassion or gym
pathy.
Yture respectfully.
| G.A. TRENHOLM,
| SecTetary of Treasury.
The people CT the Con,edrate States, By wise and
judicious support Of the Of Mr: Trenholm,
have it in their power to restore the currency tc
healthy standard, and place fnlnces upon such
foundation to remove all apprehension of further re-
pudiatcn If people fail to give him that support,
then the fault with themselves and not with him,
for without their confidence and cooperation all his ef
! forts will be useless.
There is il the country n possession OF indiyid
uals and corporations large emount OF goli, tEetaz
upon which will ia many instances be dead letter,
holders will under plea another eya1e the
imposed by Congress- Ii would be far better fer those
parties who have this norey lend it to the Govern
ment at fair rate OF interest than to keep it lying idle
on their hands. As the Government shipping largely
of cotton think it feasible to adopt plan ben
ecial alike to tie capitalist ard country, by which this
money could be brought forward and placed the dis
posa OF the Government. Could not Secretary Tren
Eom borrow the gold, fer six twelve months, and
repay it with inte-esE in Eugand? The adoption of
some such measure would be far better for the holders
than to Keep 1t In this country AS Dir. Trenholm has
set his face against everything se Reputation the
part of the Government, capitalists wo1d feel perfectly
safe that whatever measure mes with his approval would
! be carried out in good faith.
Speaking the shipment of cotton remiods US Of
matter which should meet the early attention Of Cyn-
gress at its next session. We understand that the :
W. War and Treasury departments act Independently il
The purchase shipment AID sale Of cotton Now, II ;hs
be true, these departments must come in u1petifion
with each Other ; and hence necessarily throw d fl
cues in the way OF tbs head Of the Treasury Depa =
ment in the managemes: Of The financial atf2ra Of the
county One CT tEa fist acs OF Congress eh0u' be
TO place this whole matter the charge OF the
Treasury department as in the country under
saLd5 this business thoroughly present Sec
retary.
Mr.. Trenholm justly aludes to the folly OF our people
il buying property ten times lis value ipstead 1T in
vestlng it in bonds. These bonds purchased by
European Capitalists, carried ab0ad aGd thus avoid
the tax Gposed them by the govern ment whereas,
the coupons of these bonds must be paid seiannuay
~hout regard to where they are held Oar advice IS
TO invest Conted6ra te notes IN h0nde conf
de that Mr. Trenholm will do all that possible for
10 dO by bending his energies to the aelOratlon
of the currency, and ii be meets with that support to
which be is entitled will redeem COME derate notes dol
lar for dollar in gold.
ssS sSUG IYE7E:
~ STATa aEECs.
"A correspondent Of the Baltimore Sun calls attention
to striking aud interesting facts, TO show that the
bugbear of starving oct the South and cutting off
supplies, DC, may be said with ease, but doing il is
another thing. He says
l will select liEst South Carolina, to run the parallel
with, for reasons the chief OF which that
she has been supposed to produce nothing but cation
and RICE and she is the most derided and condemned of
ali the saveholding States. Not many persons
that this State alone produces five sixths rearlY
of all the rice grown but the 1850 shows that
to be feet besids nearly oil the rice. she produces
wheat within 900 buahels of all produced by the
| SIX New England States tcgether she produces al.
most much the State Of New York, and six
millions of bushels of that grain mere than all the New
England States together tor she produces upwards OF
16 900 900 OF bushels She produces more 0ats than
Maine more by OOO000 bushels tDan MASSACHUSETTS,
than 100000 bushels Of potatoes over and above
what Maine produced more beans and peas by $780,,
coo bushels than all the Northern States together,
cept New York beef cattle than Pennsylvania
| by LAO, and almost many all the New England
States together more sheep than Iowa and Wlecon-
sin by 10 500 more hogs than New York by Al ,25l
more than Pennsylvania BY PSI, ,l38, and Sc 600 more
th3 al! the New Eng gA1d States, with New Jersey,
| Michigan, Wisconsin AID California in the bargain
| n IRE horses and mules By 10 600 than Maine, New
Hampshire, Massachusetts and Rhode Island together
besides all which she produces largely OF oxen COWS,
| and variety of pr 3ducts of the SIN aier kinds
| Virginia and North Carolina produce jointly 13-
1868 900 bushels of wheat 241 900 bushels than
the great wheat State Of New York or quantity equal
to tie whole product of the six New England States
| with New jersey, Michigan, Iowa and Wisconsin, all
put together Virginia, North Carolina and tennessee
produced 1l5 Ala ,593 bushels of corn, quantity
ceedng by 800 900 bushels the joint product Of New
| York, Pennsylvania, Ohio New jersey Connecticut,
| M Massachusetts, New Hamah re, Vermont and btaue.
| Tennessee alone produced SOC more hogs than all
| the New England States, with NeW York, PennsylVa-
| MIA, New jersey Iowa and Michigan, for that a'a'
produced 3lO4 500 hogs, while 1he elngen Northern
States Camed produced hut 088 394. Il s, of people
have thought that the n orth really the hog pro
ducipg section but such is by the fact The
WI Die number of hogs produced in 1850 30,3l6-
COS of which the siavehoding States furnished 2O,-
TO 73O or more than tWo-thgGs of the whole swine
production
1t will doubtless surprise mary persons 70 be told
that the seven gulf COTTON States of Sout Carolina,
Georgia, Alabama. Mississippi Louisiana and Texas
| r-cduced As 1877 beef cattle than the six New
| England States, New York Pennsylvania, Ohio, New
jersey Indiana, Michigan and Wisconsin, altogether
but such is the act for the OF 1860 tells US that
these seven cotton State produced 354409 beef cat
te while TIE thirsen Northern States named produced
but 3 3l2 1923.
4 single glance at the live stock columns OF the sew
enh census will prove the inquirer that the slave
holding States produced bee cattle than the non
slaveholding by 1882, ,587 That while the North
produced 3,54l III COWS, the South produced 2 829s
$40, That tie Northern States produced 666 397
work oxen against $40 $40 produced by the Syuthern
States. That while the North produced 2 80 962
torses and mules the South produced 259 359 more,
TOR the Southern production was 2, $40, ,420.
In conclusion, as people have been much in the
habit Of concedlns superiority to the North in these
AID other points OF view, may be the above
may doubted if so, refer the skepca to the seveoth
census Of 1860, the last date we have.