Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-03-12

furnishes few more striking instances Of unsound pol
icy combined with bad faith
The Government Issues its treasury note for 500,
and bnds itself two years after treaty Of peace, be-
tween the Confederate States and the Unite St4ss 70
pay the bearer that and stpulstes upon tbs face
OF ths note that It Is fundable IN Confederate States
stocks or bonds and receivable IN payment Of al pub
lie dues except export duties. TIE Congress while the
war Is sill progressing passes statute that tbs bi
shall be funded In about forty days, One-hrd Of il
shall be Tepudised and that tax OF ten per cent pef
moulh shs be paid for It after that time the holder,
and il shall no longer be receivable in payment Of pub
lie dnes and if Il Is not funded by ihs lst OF January
nsxi, the whole debt Is TspUdiated Did the holder
take the note with any such expectation Was this
the contract and Is this the wsy the Government Is to
keep it's faith II get rid OF the old Issues in this
way what guarantee do ne give for better faith IA tae
redemption of the next issues5 gain, many Of the notes
have tbs express promise their face that they shall
be funded in eight per cent bonds MhenR The plain
import Is and so understood by ali the time Of their
issue that 1t may be done any time before the day
hEed the face Of the note for its payment VIA
hat semblsnee Of good faith, then does the Govern
ment before that tine compel the holder to receive
four per cent bond lose the whole debit And what
better Is this than ropudatOni When Il be-
fore attempted By any government to compel the fund
ing of alnot the en'ire paper currency Of country
amounting to eight hundred millions OF dollars
10 forty daysg This is certainly new chapter In fnaR.
eiering.
The country expected the imposition OF heavy tar;
sud 81 patriotic citizens Prepared 70 pay & cheer
fully any reasonable sacrifice, but repudlssion and
not be held gui tess.
The expiring Congress took the precautfon 70 discuss
this in secret gezsOn; that individual
Of representatives could not reach bis e9nsiitss aud
eOua be annoyed during its ecasidersuon BY the
murmurs Of public disspprobatlon being echoed back
into the legislative hall And 20 make as uEAnce
doublY sure they fixed the day for the assembling of
their Successors, time too lac 10 remedy the evil
or afford adequate redrs-s for the wrong.
These secret sessions Of Congress becoming q
bighting curse to the country. They used as q
conYenlsnt mode Of covering up from tbs people, sush
bear investigation in the Light of day. Almost every
act Of usurpa ion Of power or Of bad faith has been
conceived brought forth and nurtured In secret session.
If mistake not, the British Parliament never discussed
single MEASURE in secret session during the whole ps-
riOd of the Crmssn But If il Is Necessary to dis
cuss a few important military measure such may
relate to the movement Of ares ETC. IN secret session
it does not follow that discussions Of questions pertain.
ing to the currency the suspension Of the " OF habeas
corpus, and the Ike should all be conducted In secret
session The people should require al sueh measures
20 be discussed with open eoors and the press should
have the liberty OF reporting and freely e-iiiesing the
acts Of public servants In this way the rejection
Of the popular viii back upon the Representative
would generally cause the defeat Of such uasound
measures those which are now fastened upon the
country In defiance of the viii Of the people,
But dsnssng the past and looking TO the future the
inquiry presented sor confederation is how shal the
State authorities act in the managemenio Of The finances
81 the Sate As t1e Contedezte State1 treasury notes
constitute tbs currency Of The country the State hes
been obliged 70 reesivs and pay them out and she
continue to do long they remsn the only Crcu
laRg medium The present Il gslsture has very wisely
adopted the policy in the present deprecated condition
Of the currency, Of collecting by taxation sufficient
I y
the State Government instead Of adding them to the
debt Of the State to be paid a. future upon the gold ba
sis II the State issues her own bonds and puts them
upon the market, if she Issues her own treasury
notes redeemAbe future dzy Ii her bouds she adds
the smount Issued 20 her permanent Indebtedness
and d5feGts the policy Of paying she goes he
bonds or notes would then be out and could be
deemed with the Confederate notes when received into
her treasury.
II the State receives il payment Of taxes the present
Confederate treasury notes they will bs reduced in
amount oBethd by act Of Congress after ls April next
and tbs State receiving them par pays Confederate
TAX OF s per cent upon all monies that pass through
her treasury This Of course cannot be submitted TO-
The repudistion policy Of Congress seems therefore
10 have left but alternative; ard that Is 10
ceive aud pay out onl such issues OF oHfedrsts notes
under the Of Congress pass par without the
deduction Of 34 or any other per cent. But
obliged 10 have funds before the time when the new Is
sues Of Confederate notes go into circulation the
question prstented is how shah supply the treasury
ia ne meantime. In my judgement the proper plan
w Dc 10 issue State treasury notes. payable on the 25
Of December next at tie treasury, and in each CT the
more important cities Of this Sste Ia Confederate treas
uTy noes Of such issues may be sde after lat April
next to be used a. circulating medum. This enables
the State 20 anticipate the issugs and them il
sdvacce Of their circulation by Confederate authority
The new Georgia treasury notes Of ths issue would Be
Just good the igsue Of ConlsdeFHte noiss; be-
cause payable in them, and Woald be current Day
meni Of debts The act should provids that ell taxes
hereafter due the Slate Tor this year shall be pRy able
in the Confederate treasury notes Of the new is-
sue and that they shall be deposited in the treasury
whSn collected TO redeem the State notes PAYABLE In
shall Be returned and the Confederate received in
place OF them within three months after they due
that the State will longer be liable for their payment
This would prevent holders laying them away and re-
fuhing to bring them in for payment when dns accor
oing 10 the terms Of the contract As the State tax Is
not due till next s there will be abundant supply
Ct the Confederate notes in circulation by thai time
to obviate all difficulty 10 obtaining them by people
Irecommend The passage Of Joint resolution suhor.
iBng the governor have funded inths six per cent.
nds. provided for by the Of Congress, all C0nfed
HF nmF i'm
be in the hands Of any Of the financial agents Of the
State after tho first day of April next and sell and
which can be made Avalsbis 10 payments 10 be made
by The ry, and credit the with any
losses that mAy accrue By reason Of the fAursof the
bonds to bring par in the market.
Orphans Estates.
On account Of the present deprecated vGus Of tbs
Confederate securities, recommend the repeal II the
law which authorizes executors, admnistra Ors and
trustees to invest the funds of those whom they prs
sent in these securities As the law stands, It enl5
upulouE hduezry sgents OpeTpetrsts frauds spon
innocent orphans, and other helpless persons repre-
sented by them and, in sffeet compsls eTphsHs and
those represented by trustees TO invest their waoe
estates In Government bonds which no other class re-
quired to do.
On the 9th OF February when lssued my procaul-
alton, calling you into session. tsegrsphel the
Secretary Of War and asked that furioughs be granted
70 members In military service 70 Etend the session,
and received reply stating 1t had bsen concluded
grant furioughs 10 attend the session. that To
situated entitled 70 resign and msf elect
regret thiE determination OF Lne DOnAtuerato N1OF-
erumenJ, az it places gallant officers, who have
been elected by the people 20 represent them, and TO
whom, well IS their predecessors similarly staated,
iurougts were never before Denied II position Wnere
L costs them their commissions TO attempt to discharge
their duties representatives. Of the people,
Tks Neso Militia Organisations aSd COHseTiy.
ti0H.
Since vour Adjournment in December the sdjutAut
sod Inspector general under my direction has done ali
in bis power 20 press forward The organization Of the
militia OF the State IN conformity 10 the act passed for
that purpOse and have the pleasure to sste that the
enroments generally made. except in few localt
ties where proximity to ths enemy has prevented it,
and the org lnlzstions will soon be completed.
At this stage in proceedings met With for
midsble ObstEo thrown in their wsy BY the ste act
Of Congress- which subjects these between sevsnteen
and hy TO enrolment conscrption for Corisderae
service This act Of Congress proposes 10 take from
he State, a. done former OCCASION her en-
tire military force who belong to the sctive let and 70
cave her without force in the different COUNTIES sut
ol 70 execute her lss or Suppress serve iasarree
tion.
our supreme court has ruled, that the Coniedersts
government has the power to raise armies Dy CON
scrpton but has not decided that u also hss tne pow
enroll the population Of the State, who remain Al
home, 70 place the whole people under the nlllay
control OF the Confederate governmenti and thereby
from the States all command ever their own eiti
zens 10 execute their own laws and place the internal
police regulations Of tie States In the hands OF the IRE
sident Il is one thing to raise armies sna anotnee
and quite ferent thing, TO put the whole popuatoh
a. home under military law, and compel every man 70
obtain military detail upon such terms as the eeatrai
government may dictate, and 10 carry nallt3i
his pocket while he eutvSies his farm attends 70 ns
other necessary svocatons Ht home.
Neither planter nor oyersesr engaged upon .
farm, blacksmith making Agricultural lEnpie.
ments nor miller grinding for the people a. BONE Ge
longs TO- constitutes any part Of the arss OF inc
ConfederRey and there Is not the shadow oi eonstn
Onal power vested in the Confederate Government tof
eonseribng and putting these classes, and others en-
gagged in home pursuits under military rule Whle snsy
remain at home 10 d charge these duties consef.p
tion ers constitutional of raising armies by
the Confederate Government It could not be eohsu,u
onAl 80 Conscrbe those not actually neede5 na 10 Ds
employed In the army; and the constitutional power 70
- sise armies could carry with It the power n
Congress to eonscrbs the whole people who are eeutu
for be armies, but est Al home because more use
ful there, and place them under military goysi
and compel them to set military details 10 ptoW IN theiE
| fields shOe their farm horses, OF go 70 mill.
OOnscrpton, earrred-t0 this extent, s the essence
Of military deApotism placing ali civil rights II steIe
or subordinston TO military power and putting the
personal freedom Of eAeh Individual 10 ciyh lie ~ lno
will Of the chief Of tbs military power Baa " msy