Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1865-02-23

both che iSsadi aud eha,iss Of che blE uhdes COP.
sideVai0n agreed--the friends 10 preserve their bill
nd scheme untouched the enemies, TO preserve
all its enornities, in order to weigh It down uli-
tnately, where tcame into competition with the
opposing scheme OF finance. But, le made This mo-
tiun 10 set himself right before tire country and -
proyc at least that he would in no degree beire-
sponsiblo for the caamiious consequences which
must follow the adoption OF the scheme OF the
pending bill II wond not be disguised that its first
effect would be 10 cut loose from the present circu
lating medium of the country, and to issue new
medium Tor the acceptance of the people. After the
passage of such bill, the present circulation have
nothing OF value. Ii would fall upon the hands oil
innocent holders who have received il in pay ment,
and most frequently upon compulson, for the pro-
ducts OF labor skill Ii was singular that such
scheme should have been presented under the aus
pices of any committee OF the House. The defect oil
the scheme rendered apparent In the section he
proposed tOexpunge. There the great mischief
was done; because, by that section IL was enacted
that the Teveaue bill should be issued TO pay the al
and navy and uture contracts Tor supplies aud Ia
Dor and skill, and whatever else the Goyetnlnent
might think proper To apply II TO- so that the
pay Llent be made upon something 10 be had or
done In the future-the past and Its circulation
wefe to be left losether-the dead past with dead
representative OF money, for IL would be dead AS
Il u na-and would never come ia except as taxes
IL would not be available for any future wal while
the public necessities would demand tar heavier
OUTLAWS than your new issue ut two hundred mil
| Ons could possibly meet The only effect would
he to take cotton at specie valuation (f you could
aud pay in bonds payable after the war--boDds Of
Government which has Just abandoned all its exist
ing ISSUE and thereby dscredite1 itsel--and then
to offer this cotton for the redemption OF this new
issue of bills. Do not gentlemen perceive that the
circulation will return at home for cotton, and
that the operation will be to procure supplies by
taking cotton, az specie valuation 10y imprtssnen
from present holders, and passing IL, Tor supplies
and upon contracts for labor and transportation, to
other people, leaving the bonds OF Government.
payable live years aer the war; in the hands OF the
first class to mark the transaction. IL is simple
killing the goose for the golden egg and is not
~ fair 4 transaction. He Mr.. N y washed his
hands OF all completely with it, and, represent
tive entered his solemn protest against il Ia the
presence of the puolic. He was sorry that gentle
men would not mature scheme to relieve the
country and to meet the public wants without do
ing injustice to any class of people, lie had sug-
gested the outline OF scheme that woad meet the
demands upon the public purse, appreciate existing
crc uation, pay for cotton at present prices, and
lesvrus TO go to the future upon substantial basis
OF credit. But the scheme OF this bill would prove
absolutely ruinOus, and he asked that this vote
might test the sense at the House. Ii his motion
was refused, he would waive urther interference
with the subject,