Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-03-23
S9OO,OOO,OOO

Leaving balaLce in ejaculation Of Olly, $500 600 900
This balance Ct two hundred mil ons wall be all OF
the issue, ard in addition 10 getting rid of seVen
buadrtd mllOis o. genuine circulation, get rid of
The millions Of counterfeit notes in ciIcnaliou, aud
which have also sSelIeu the currency The amount
thus left 10 circulation Is not TO Be increased E,ept
may be absolutely Necessary, and the Necessity b.
avoided Ear possible, Tor The Scre Rry Of the
TIeaury is hot ID TO NEE! tie u wants OF the
Government by he sale OF bJnds. And most tempting
bonds ,Rsred for this purpose. Tnty are 10 run
hir yeArs, bear s:I per cent. interest payable
sem-annually, in Ipece 'Or 9 eq livalent ana bs
forever free from tax lion. All the present duties
imports AZ all future du les on Exports of coI0n, to-
bscco and naval stores are edged for the payment OF
| this interest.
Nor have neleds3 in 10y calculation the large
amount OF notes that cannot get the Treasury to be
pld funded or exchanged. Tney are in the Gle Dys
| liDes-many OF th IN held by e. and many
carried away By blockade runners. Thousands, yea
mi lions ef them will be Cancelled by the oLe hundred
per cent tax 10 take Isct Tn t-em in January next
and as TO that extent Wo will lave TO give two
for three the circulation will be snli further reduced
In any event circulate the Legislation will reduce
the circulation from 100000 20 300 100000, AID
II certainly get rid OF all the counterfeit )ss In cir
cuasion Ii ness resul do not follow, my eXDeoss-
toLs will be dissppoil It'd to the OF failure
Certainly very great results in this direction will iooE
Add will they not be gloroiis resultsY Did any legs-
atioD in tie worlds history ever do moreY
A
not fund your notes before the hrst Of April and there
| by lose nomlnaly, One-lhrd CT the amount, By e1-
changing them three for tWoY d mt every man see
the tao dollars in the notes will be worth more
than three dollars 10 the present ssuef Is il not pla
that two dollars Of q che lation OF two hundred mil
lions are wsrth than three dollars OF oreua ion
| Of niae hundred mllions2 VIII they not buy more
DON'T be in haste, therefore, 20 get rid of your
moLey to buy property. Il. certain way TO pay
tualy the tax Of One-third. Traders have taken ad
vantage Of the simple but natural patio which they
knew this legislation would fest They have
aided ON the thirtythree aud olsthifd per cent and
In many los aDces far than this 10 the price of
their property. When you buy, therefore, you GEL
tAnly pay the tax and ia many you pay that tax
four fold. Besides you will find that in few months
the property for which you now pay go ex:ravagan ly
Just 10 get rid Of Jour money, vi have TO be vAlu ia
the new and reduced currency and if you wish to sell
t. YOU will be able 10 get not than oneha one
fourth or perhaps tsbth of what you paid.
out-W tie selfish trader you will Let him keep his
goods wares and mel isndse until he sell them
for the new currency, and then he mu, do What he has
not done latly-spend little time oOun ins his gains
On the wrong side.
Five per cent. on property vaued as in 1860, aud
pad In the PRESENT Currency is not an eKtravsgant tax.
Ten fifteen, or twenty-five per cent on actual profits
ought to be moet cheerfully paid No should com.
PLAIN II he had 10 pay all his profsI Macy have not
made profits during this war, aud yet pay taxes aud
complain not
Thus without stopping the government, without shock.
ing commercial credit and without serious burdens upon
the people, we SHALL in year, srtiHgish FIVE hun
dred millions of the public debt, retire two hundred
millions Of currency besides and reduce circulation of
nine hundred millions TO two hundred millions Nor
are these al the glorious results This very Teduct on
of the currency will Lessen the prices Of subsistence to
both the governor. and the people, aod Wi reduce one
half the annual expenses of conducting the war, and
double in ue the pay of the heroic defenders Of our
homes and liberties. i'll mora ThisEgOrous leg station
will awaken fresh confidence aud zeal In our own
borders and will carry startling conviction 10 oar
enemies md 20 the world of the actcal wisdom of the
government which enacted It. and the determined ear
estncss Of the people who responded to its reqIrmsns