The New York herald., 1865-02-17
THE SOUTH.
The New Rebel Currency Of
Less Value Than the Old
The Rebel Treasury Without
/ Money to Pay Its Debts.
Taxatien as High as tho Pe0-
pie Cam stand.
The Rebels Proposing 70 Enlist Negroes
as Volunteers.
WIN 1hey 90 INTO tho Rebel
Armies voluntarily7
EHR REBRLS DOUBTFUL ON THE SUBJECT.
~~o~>~~~~c~~~~>v~>~~
YBD BLOCH AD1 HTT40xxvA
--~~~~--~~->.~-~>~~->~..
Military Movements An North
Carolina,
Preparations 70 Meet Sherman In
the Interior,
&C., &C., &c.
Tub RRBRlS DOUBTFUL on FHg SUBJECT.
CRD BxoCKAD1 aTTHoxTVH
Movements An North
Carolina.
Preparations 70 Meet Sherman II
the Interior,
&C., &C., &c.
The Gold Question.

ANOTHER HEAVY ADVANCE IN 6OLD--sIxrY-YIvB
DOLLARS IN "GRAYBACKs" FOR ONE IN GOLD.
[From the Richmond Enquirer, Feb. II
Notwithstanding the sale Of gold BY the Secretary OF
the Treasury one brought gold 70 down 45
mad . * Sas~~ss1 - a ososns @ Not~iths,sndiDs @ sta ding tho
amount Of Treasury notes reduced by shaving or
more valuable BY IT'S arcy M e ~s uss sy les as
TIE old did. Noicah tandng Mr TrenAols holds ne sis
PER cent asaoe bonds at 1876, A caso ssl Nm for 60
Here we have three important facts, which II will
do well for the Congress 70 consider. Gold
y stn rising and carrying up the prices Of all
gold 10 the standard which currency and
daily, AZ gold rises the purchasing value OF our notes
or prees sa the
fallen and the Treasury empty The SIX per cent non
taxable bonds would goand ne sassyy has ~ Money
In such ssate Of affairs what there for Congress
70 hesitate and dilly daily over this scheme and that
paper Device which has not gold and silver for its
base is and ever win be failuref Reduce the
as eas M specie % present ns
time-and provide for It's interest In specie
sterling authorize currency not redeemabe, but
convertible into bonds with specie paying coupons This
s the only remedy for financial disease Quackeries
Of kind end another may be tried, but the patient
layed 1ration q ALREADY high ne people can stand;
they willing 70 pay more for they ready to sacr
kin the Sss golden ses IN
but there may be such slaughter a. win destroy tho
Of laying hoss ssss which Mr.
taxed, there is limit which cannot be passed.
In 1854 many persons whose business nominally
larger than that OF 1862 have found their increased tn
leave them IN debt for their necessary expenscs
The pesscs Of living haze inedssd fve ts<s sohdf they
1868 but the pronts Of trade have made such
increase The twenty per cent Incomes together
with the other taxes sales and property will no. per-
init Of any The point has teen reached already
beyond vhch il Is impossible n 60 The feather Is
the camcl's back and he cannot, however willing he
may be, rise under his load. Relief must come in
some way Let us recognize the fact that our
financial nomenclature is lie; that Confederate
called 'dolars are not gold and silver dollars, but mere
nickel and copper cents Let back 70 the truth and
fact undeceive ourselves and quit that Of figures
upon which have been floating for the last year. look
truth straight In her face in her eyes, and reduce
debt real dollars Honesty the best policy and
these sham dollars which everybody calls trash"
burned 70 cinders people, manully hugsng truth In
finance well AZ their cause, will yet bring this country
safely through all her trials.
The whole question Of taxes public debt and currency,
has been referred select committee OF from each
State The House Of Representatives That committee
must report fact fiction 10 its country Will II still
cling to sham dollars still, infatuated with big ngurcs
palm these nickel cents upon the people doarsS"
will IT, with manfu truth, say that shams and stimuli
achrer have had their day In this conederacy and that
henceforth dollars shall be dollars and shall be
cen,s9 General Lee does not fght his battles with the
army the ros but with those present for duty Mr.
Trenholm can no more rely on these sham dollars than
General Lee on his sham rolls. Congress about
soldatng the sham soldier In electives and Mr. Trcn-
holm convert his sham dollars Into real dollars