Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-07-25
Shirt Of thA Morning Press.

II
The Enquirer approves tie proposal Of the Secretary
Of the Treasury for Depos Gall at the Treasury and
depostariea In return, certificates bearing intersat
at four per cent per viii be issued, which VIII
be secured by hypOthecatOn Of bonds of the five bun-
dred million six per cent non-tAxabls bonds. The
Enquirer says; ts
at the Secretary was invested with power accept
loans on suoh rates OF interest be deemed proper
within certain Dlts call certificates would BIS rou ce
Of revenue that would enable the Treasury to art cpse
the taxes Should the Treasury desire 70 call In ts
tncates noticO that after given day the rate OF in
tersst would be reduced or or per cent as the
case might require, would bring IN the certificates or
tho0ld the Treasury desie the deposits longer
oce that the interest would be increased until further
notice or or, per cent, would induce persons TO
hold tho certificates and permit their money to 10y In
the Treasury.
This Bank of England dlseounts the RIchequer bills
and then sells the bills to parties desiring to invest for
short times their surplus capital In the case OF the
Confederate Treasury, the people would loan directly TO
| the Government. The whole machinery OF British
finance Is based upon the Tremendous resources OF the
Bank Of England. We have no such bank to aid our
/ Government bet We have large amount Of surplus
invested capital which Ihe Government use for
short time with great advantage both 70 the individual
and the people. The deposits on CALL II made hsxolo
and plant In the hands Of the Secretary by means OF
hs Increasing and diminishing the rate of interest,
would place in his hands eonrol Of the currency, and
instead Of tho currency having often tourniqueI upon
TIE throat Of the treasury, would be wholly under
the management Of the Secretary.
The EzsniHsr argues to prove that as long as Lin
con aud his remain in power in the United States
they mast 'carry n or, at least affect to carry on
vigorous prosecution Of the war;" Lincoln and Sew
ard dare not stop the war they would Their
party would lynch them ''and Democrats radicals ard
all would assist at the ceremony" No doubt one Of
LineonS old rAs would be eXhumed for the purpose Of
giving him ride from tie White House to the cool
waters of the Potomac. Hence, and because, he Is
determined to have and enjoy another term OF Pres-
dental flee, be has called for 100000 men,
He has not ret been able to have, to hold and to pos
cess the "rsoelous" Southern States; but to have to
hold snd to possess the power and the spols OF the
United Stats government may be an easier task. "At
all events" says tae Examiner 81 he must go on TO
call" ISis very easy to Cal-iodeed, he make his
ealng sure and on the result Of that depends his
election To make both his calling and election sure"
is the problem now on hand for soluisD. But as TO
the responses 10 the call the Examiner thlnks they will
no. be very haHeriug. There will be but little vOlun-
eerinr. As TO The draft our contemporary says:
"Well, then, the half million will have to be drafIea
Rich men, Of course II rich enough can buy tubst-
tutes but the price Of substitutes will be high; and
KreaI backs are iapg low: il will take high pile Of
them TO obtain substitute and We have seen that sub
stutes not soldiers, and ictend never 10 be killed
they find their lives and limbs for the first time val
liable in money, aud sAsable over and ever again at
good price, and they take OF their capital and live
on the interest In short this draft il il do take
place will reach much WeslIbier and more c2mtorta-
i bic and lazy class than ever we're brought into the
rsns before and we can Judge whether or, not the
will swell the peace party. The Governmeu has evil
dent delayed this call through fear Of helping the said
peace party yet Is obliged TO sheW zeal in recruiting
the army lsst it should be apparent that Lincoln and
Seward themselves despair OF the whole war"
This ia the ErGnliners conclusion in reference to the
whole matter
Nothing. can, at this moment be intensely In
tsresDg 10 Us than to weigh well the chances Of the
fresh half million Of being actually set in the field
against Us at an early day. We have mentioned some
considerations which make that improbable and Ger
tanly the Coufsderacy will not be conquered by those
white and black recruits who likely to be found,
| stoleu drugged aud kidnapped upon our own SOIL
Nevertheless must act our part precisely as If
| the hali-milion were already under arms.
In another article the Erdminsr investigates the Of
foot of the changing phases of the war on Northern
sentiment. 1t argues that Il the 'Tebeion" had really
been $50 small and contemplate an affair" as repre-
scented by the Yankee authorities their failure to put 1t
down proves them a wretChed set Of imbeciles. If,
on the other hand It formidable movement, they
we're either fools or Charlaans. In either case they
showed themselves unworthy eff public confidence. On
the whole, the Examiner thinks that tho peece party
a. the North is now stronger thaR ever before.
The following s very true far as itapples to the
opinions entertained by one Of the parties at the North
The Democrats Of Chicago put forth the shibbo.
e:b, peace for the sake Of Us Union with much more
pausbity and hope Of popular favor than their oppo-
nents baVn declared for Union by the force Of arms
Peace FIRST characterization dftSrOGds, ID much more
rational platform Of policy than that which the North
has so long and unsuccessfuy acted upon having for
it, object the restoration Of the Union by exermina-
ting the South. The people have certainly had enough
to cure them of their Partially for that policy end to
staRger their faith in lie The time has come
and opinion seems rips for change of measures and
party cry could be more appropriate than that about
to be raised at Chicago Of Peace frS GndGt all sses
even for tie IakS Of the Union.
The Dispatch ooncurs with the other newspapers o
this city in dsuounciDg the e1orbitau schedule Of price
adopted by the Virginia Commission
The Dispatch thinks that the mass Of the Northern
people would if they could vote unAwed by bayonets
70 for peace on the basis Of separation rather thar
take the chances of an indefinite prOlOngatOn of The
contest.
The Seminal quotes an e1tSast from letter In The
Spirit Of the Sou h. al about the President The Sen
nsl likewise quotes from the Wing, concerning the re
mOyal Of Johnston and the appointment of Hood: w
have already in these columns, expressed opinion
on this subject; and glad that the Sentinel CO
ipcides with us.
THE NE WIS.