Washington telegraph., 1864-09-21

standard oil prices, IS bfing adopted by many
excellent and patriotic people. They are, or
imagine themselves, driven to this by an una
voiable necessity. Still we think it better for
them to endure much privstion before doing so,
or if exchanges are made they should be accord
ing to the standard of prices In Confederate
money.
Whatever may be the intention Of the parties,
the tendency of the former practice is 10 destroy
the value of Confederate money as currency.
Money is only useful as a circulating medium,
and should be adopted and adhered to as such
! by all classes of the community. Otherwise it
is not desirable to have it. and it becomes worth
| less. To sustain our currency is the highe
| dictate of patriotism Whoever has articles to
| spare, and refuses to let them 60 except for
! specie or other articles of necessity at specie
rates, says, in fact, that money is valueless
TO Him. and throws The whole weight of his per-
sonal influence 10 encourage that opinion This
| is growing evil which may not indeed be
fatal TO our cause, but which will certainly
bring upon it the highest degree of enibarrass-
| ment.
| Where parties have articles, however, mutu-
!
jrction now than heretofore to an exchange,
provided the circulating medium Of the country
| be recognized as currency, and adopted as the
basis of exchange. This is the common prac-
ticc of set-oF in dralins> which is used at all
times. Not particle of censure is to be i'm
piled from these remarks. Each one is entitled
! from others to respectful consideration of his
own views of tho dictates of patriotism. We
Offer them for what they worth, and by way
of exchange of opinion.
! We repeat again that the Confederate money
is in the highest degree desirable; and this will
! be telt hereafter by those who now treat it so
| lightly. SO Indifferent TO procure it, and so
ready to throw it away lavishly. BE assured
you will need il much worse than YOU dream of
The time will come when you will regret many
a lost opportunity of acquiring it by sales of
| what you have had TO spare in times when it
was abundant. The war now iInposrs heavy
| burdens of taxation, which il will be necessary
! for you TO discharge in order to save your pro-
perty from sale,
You say you can buy nothing with it. That
| is partly true, but DOES not result from its want
| Of value. II is because there are no mercantile
establishments nor manufactures, which throw
upon the market the goods you require. With
| your stockings all swclled with gold eagles,
| you could buy scarcely any thing now. Where
ever any thing is brought into the country for
sale. manufactured for market, you can buy
it for Confederate money. The prices are enor-
nous certainly, but tina, results from the great
scarcity of the artclcs-the difficulty of obtain
| ing or making them, and the abundant supply
| Of the currency.
! If the articles We're scarce, and specie
abundant as Confederate money, the prices
| would still be enormous. Witness California,
where prizes in gold once exceeded the present
prices of the same articles here in Confederate
money. We have heard of flour there at four
hundred dollars u barrel. High prices are no
| test of the intrinsic value and future utility of
| Confederate money.
| Do you fear that the currency will he again
scaled and discountedl Ii that should occur.
/ it would be no worse than any other exaction
| of property which the necessities OF our country
| might demand, and which we know You would
| checrfully accord. You might as logically I'M
| dervauc your negroes, and cattle, and horses,
and lands, because they may be yet subject TO
| higher taxation. Why should money bc SO
| much more sensitive than they, and wither into
oak leaves at the prospect Of being touched for
/ public defence3
! But il you fear this get the money for all
| that, and fund it. Then you comparatively
safe The necessities of the country which
compelled it to reduce the volume of its currency
have not (nor in all human probability will not)
| jnduerd il to teuch its funded debt. Rrpuda-
| tion Of its war debt is rot once thought of. The
resources of onr country are So enormous, that
| provision will certainly be made for the pay
ment Of interest Confederate bonds will az :
proximate par value in time, thos hearing most
/ interest being, of course, highest. Whoever
| finds himself at the end of this war the posses
sor of large amounts of Confederate bonds,
need not fear the want of resources to start in
the world. They will soon be in market, and
become the means of raising gold and silver in
our great commercial marts. The day when
| peace is made will see Confederate bonds higher
in the European cities than those OF the United
States. Take lagos advice then. and put
money in your purse" not by speculation or
other drmoralizing means, but by fair sale at
market value of whatever you can spare-cndur-
ing the privation as best you of what you
cannot purchase Your mind will be easier,
depe upon it, and YOU may sometime bo
thankful for tn, forced economy Necessity is,
after all, not great tyrant as you may
imagine DR.. Franklin in early life, urged
to accept proposition which was not exactly
satisfactory to his conscience, but which prom
ised to be profitable. lie asked day TO con-
slider. He bought two rolls Of dry bread and
went to his lodgings, with pitcher of water.
lie ate one and drank water. He laid down
upon the hard floor, slept all night, rose next
| morning aid ate the other roll with water. He
felt well and vigorous. This severe test had
shown necessity 10 be not frghtful, and he
| at once declined the proposition
LEGISLATIVE CANDiDATES.-ln addi-
| ton to the name of Mr. Lowdermilk, as
a candidate for the Legislature from this