Brownlow's Knoxville Whig, and rebel ventilator. [volume] (Knoxville, Tenn.) 1863-1866, 1865-04-19

y ,'n o''u 10 ordinarily worth from thirty 10 M,
dollars lnonththat Is TO say, ho earns that much
: or *ooo per annum. In our State u good farm hant
can make five bales of cotton, OF five hundred
pounds each, which would make the profits Of biz
labor worth $1,000 per annum against 5000 In
Northern Stated better and more certain busines,
than gong to California any Of tho gold Regions
Therefore It Is the value of land with US will bc
proporllonately increased. If the tax of seven
cents on tho one hundred dollars TO which our bur.
dens hnd been reduced In 1860, shall be increased
10 reasonable extent II is believed sufficient rove
nue. WI be realized in the next three years, over
and above the ordinary expenditures, TO meet tho
arrears OF interest on tho debt TO pay tho sum now
due and the further sum of 81, l,2460OO falling due
In 1868.
II is further suggested that the ist of taxable pro-
perty might be increased without being oppressive
By tho l,turns of 1860 II appears that all "othcr
property subject to taxation besides land amount
ed IN value TO but $2i,362, 5l-less than one half
tho assessed value of the town lots, Before tho
war our financial resources were 50 ample, compared
with the limited demands upon them, that il was
not necessary TO tax but few of the principal ar
tlclos of property 0uralaiT are now quite changed
and every interest should be made to bear its proper
burdens,
COMMON SCHOOLS
The common school system will, in this connec-
tion, demand your attention. The fund appropria-
ted for the purpose has been squanderod by the bad
men and dishonest funconarics who fed on the
approach of the old flag. What shall bo done to
replace this great loss? At no period in the history
OF the State has tho young and rising generation
appealed SO ailectingly for legislative aid. Pract-
oally denied all scholastic advantages during the
last four years, and deprived, ms thousands have
been, of their natural protectors if thoy are not
soon provided for 1t will be too late for thom In
pAta faNyh haNt o1p Al
to attend school, hopclcssly illcratc.
AGRICULTURAL COLLEGE.
In this connection your attention is called to an
act of Congress providing for the establishment of
an Agricultural College Most of the States are in
advance of us in accepting the offer and perhaps we
might profit by examining their legislation in re-
gard to this subject
OUR BANKS
The Currency and the Banks are nearly allied to
Finances, and are in such demoralized condition
ms to demand prompt action and most positive leg
islatcn, The State owes il to herself TO look into
the condition Of the three old banks--the Bank Of
Tennessee, tho Union Bank, and the Planters Bank
each having its parent bank in Nashville, with |
affiliated branches extending over the State; also
several stock banks and the free banks With per- I
haps one or two exceptions, il Is believed they are
all hopelessly insolvent. All have, beyond doubt, |
,.o"'Su aHo en',tors aiiu llay properly W CLOSED
notes, and are worth it, they should be made to re-
deem their issues. The policy formed by these
banks, even before the war 10 keep their paper
at lower quotations than that of any Of the surround
ing States. Even at home it was at discount and |
This ;'na .nV @ @ os"aes ~ m"s uneurIeh'c
ia a ap'oc ] upun ou' oorin'erve u .ne psy'hch, o
,L Su'S ~ p'uhn"s p, upon al renN.ances pc
onnla s,oS oo'id nn .m,v "a,.,, oe. e y, .no
PpI snnnni.i ninn;,1o. e. 'S ,hS 'Iaul. ,,ons u-
States We're s".,i,i !. ~ e'SSi Ss favor
1t Is therefore recommended that all existing
banks be wound up at once, and that no more State
Banks be chartered The several hundred thousands
IN real estate owned by inc state Bank should be
cashed without delay, The stock was owned by the
State and 1t held large deposits Of currency and se
curties. As tho Union army advanced, tho posses
sion and occupation OF the towns where the branch
es were located the officers He'd with the assets be-
yond the lines of the State and they are now doubt
less irretrievably gone In the onset OF the rebel
on' this bank was used by the guilty consplrators
az a,a se ISSUES ~cre @ 0Se 70 .neL Scness
that these issues shall not be paid There are many
notes outstanding of the bank issued after the date
speciGed in your amended Constitution and intend |
ed alone for the benefit of the rebellion Shall tbey
be redeemed by n tax imposed upon the peopleP I |
know of no LEGAL ar moral oblipaon Ia redeem those
notes, even if they occupied such AN altitude that
such an Obligation could be enforced. II Is known
that when hank notes become uncurrent thew aro
sold by the small holders who arc not in condition
to hold such paper, and bought up by spectators
generally ut their own figures In this way they |
ace','iui"tc III tiU n"hus Vi iew, 0'en NJ prices al
mos! nominal. Inc no'es oi ,ne pank Oh iehhes
See u pel,eve'' n[e nelu III 'ns way ana py .his
Snss oi oealeIs. naVihg iost tne Pr,hcpal oi TINS
banking capi'a' ahu having soiu 'nese % issues III
sn", iu'nlI'.'eS, ot neaVy uisooun' sna oui Peo-
PIE oe ~Aeu 10 maze these issues goou III inc hahus
o, m sPesuia!ors confess can see no equity IN y.
pouotess instances VIII occur Oh inuivluuai heru-
SNIP ana o,hers VIII pe pressed upon your attention.
not SO huch oy lhe parties themselves rs oy others
interested IN the ADOPTION oil general poncy pased
upon these existing cases, ihere remain TO the
bank large assets ahcoected debts ana the present
apilitleS oil the aithiess oilcers ouis are under,
stood 10 pe pena,ng against many Oh tne oncers OF
the prancnes. Inc otners should DC heid 10 the'r
respohsioiiities. content myseit with thcse gen.
eral suggestions trusting IN your wisdom, II you
deem them practcaDe, 10 arrange the details
THE NATIONAL BANKS
rho N,,;on., 'p.,L;n,, srs,o,, :. horo,.od NJ,