Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-01-31
MORNING EDITION.
ATLANTA, GA.
MORNING, JANUARY 81. 1861.
49, 40 TI.n ouRRKNoY.

The assessors Of the frat general Coniede-
rate tar, says the EzamiEsr, are now drawing
towards a conclusion of their ls5oTs, and il the
accounts We hear Of the results ia particular
eises and counties bs trus, aud If these results
be fair sample Of what will be realised IN The
ConfedeTuey at large, the sggregaie tax must
be very considerable; probsbly not less than
Tires or four hundred millions Of dollars The
money ,tz il Lyuchburg is stated 10 be more
thsn two millions OF dollsrs. The EsE1s tax in
washington county, Virginia, bordnrire on Ton
nessee, exclusive Of the tax in kind, viii be
upwards of bsf . million. At this rate Viz
giuis will pay in money aud tsKea in kind,
very nearly, II not quite, 3 hundred millions
Of dollars Georgia IS larger and more popu-
lous BY half than the portion Of Virgins not
oyorrun by the ensmy, and viii, doubtless, if
these data be true, pay more than hundred
millions possibly as much As a hundred mil
lions il. money. If the acsoaiits 80 have sllu-
dcd TO be correct, great pains stA0uld be taken
to make known The fact for tbs Government
would in that case, be fully abls to carry on
the war without g further manufacture Of pa.
per money, and the Confederats curreEcy
would at once begin to exhibit rapid sppre-
citation The question OF oul ability 20 main
tain the army and carry On the war 90 aay ez-
tent Of iims would be settled, and Confederate
credit be established at home On gnenduring
aad impregaabie bEsis.
If three hundred millions OF currency arc
collected by the tax and paid into the TrOssu-
ry BY ihs middle Of spring, a wonderful revOlH-
tion viii be effected in priees, and specuiEsions
begin 20 pay as heavy Losses as they have been
paying heavy profits. a very large class Of
producers, no; having resdy cash to msst their
,sxes, viii disgoTge IS greatly reduced rates,
iheir hoErded grain, meat aud forEgei thus in
cTeasing to tho army and to non-pTodUceTs the
supply Of the uoeessHries of life. Many viii
bslaks themselves, Is Of old, to tho banks for
loans and those institutions will be able 10 pay
out the Confederate currency which they have
handled 80 reluctantly
Contrary TO the general expectation, the tax
Will not be paid without much dificulty by shc
means Of the people. They have now very lit
tie to sell, and they pursued ths short sighted
policy, while the Confederate money was il
their hands, Of getting nd OF it st exiravsgsnt
loss. just 81 the dms vixen everybody viii
wsat full supplies Of Confederate money, sud
denly it viii be found very dficalt to procure.
There is not enough Of this moueY in the
hAa1ds Of the general public to meet tho taxes.
Like everything else, It has been engrossed by
s7ealla!ors. and this 5Gnslul class will hsve it
in their power 10 drive harder bargains with
the psopls. in the capacity Of usurers, than they
have doue in that Of spectators in cOmmodi-
ties. For this reason tie new tax Law Of Con-
gross should lay q heavy rate on money loaned.
The CREST majority Of our present Confederate
capitalists have come By their mouey by foul
mosHs. They deserve NJ mercy st the hassds
OF the people OF the peoples representatives.
The measure that they have netod to others,
The same should be rnesed to themselves.
Heavy taxes have the two-iold benefit Of 70
ple.ing the public trcasuTy and drawing forth
( inte msrkst the entire diEposabls produce Of the
country. They have the civil effect Of placing
the general population very much at the mercy
I Of usureis For this reason, lke tax laws
should lay hesvy duties on loans Of money and
enloTce certain forfeiture upsn violations Of the
ugury laws.
If Congress will absolutely prohibit the far
theT manufacture Of paper money, the revenue
laws which it has enacted and ia now maturing,
will efectually cure the disease Of the currency.
Enact such prohibition lay heavy taxes
make Tho business Of money brokers peniten-
Hayy offences crush ont Hsurers encourage
regular, legitmsts banking, and in twelve
months treasury notes viii be the most popular
currency in the Coniederscy.