The daily Chattanooga rebel. [volume] (Griffin, Ga.) 1864-1865, 1865-02-06
THE FEDERAIatrsNANcE


Freq the New York News. Jan-6.
Tile position Of the Treasury i ,eeorn;ug hourly
] more eompcs-ed, aud the Secretly. looking -
rrttr1 thf Senate escape from hrs rcrii-
3oti;isn, seeks apparently only 10 tampsr With
din tsltiss, and - postpone events until the mo-
nl>ut arrives when he cast his heavy rrsponsi
bHkies upon other sh--'d<rE- lie. therefore, no
f1r f-za. the dareers whieu-arz-t his depart
mrnl With that determined courage Elat the cris.a
demf1ds- He procra-finafes. pr,warieates. s.ral-
ters ia a double sense He VII not is-ue any
more soil stock. because the Init Of ability 70 pay
reacfsl, Jet. IN the sane moment ofrrs st2o-
zoe 900 At discount. lie will not issue any moro
legal s.nders. yet. almost IN Ia. sane sentence
! asks for unlimited authority - 90 He thinks the
taxes VIII be - great thst they will nearly meet
etpenses. and then rrsroses enc thousaad m iliohs
II more debt.
II lie denies that llsrrr money nalrs gold aad
prices rice. and thea ecis 10 more paper money
because II dcpf1cfates as compared with gold and
eefnmo1itiesI lie jnsists upon the duty of the
5trernrnent 10 keep II credit good Is prampl pay
mfnts aud then allows the soldiers ~ and crcdi-
f0fs arrears to accumulate T. fear Hal magnitude
While he w.ih.iolas be paper money that Congress
autherized him 70 ~ Nth lie praises tho new
banking systcIn-far is sid J; givds tbs Go.srn-
ru<ns, and then poHs f,rv Millions loiiars OF pub
lie naSrey refnoin in their harris without inter
Est. Tor their profit, while s-licrt families are
sinryins, AMI sferrs running mp prse..c isbfs fsr
want Of it. lie Informed the srsria hat The aears
Of the department 10 pay goj interest ras;.i pr.
A4biy run rhort. and that the Gorr-nrIl~- might
Dc phs.ss@ 70 default ter--srariIy -
The e.psssl., ,e-a T1 : s-.aitar stand a<h.st
- these coatradik tnns. ard When tkcy observe the
Accommodating g1M interest on hand. ard The
declining old revenues on the other, While the
rcta-v willfly wasting his gold resrnrres. thsy
feel that shs hour OF default approaches. Alresdy
the foreign holders 81 United States stocks beg
- count their gers how many more dividends
may Be expected. nni watch this market for ID,
/ best mnsncat to sell out. The only resources foI
gold with which the Interest 10 the custouls
| These are pssishing under the double induenes o
DEER asing of The people 10 consuiuc good
| AID Tic policy uhfca sacrifices tue national good
/ AZ the shrins II Ezstern manufacture.
i The duties have been Increased AZ the instanc,
u 'Hrh SIR. N5ftiil. for the ale rurPo-s
/ II iutting money into the pockets Of uaauf-cfnr
I ess. perfectly regardless or the wants Of the
I tinral Treasury. =
The burden Of those duties, which are Of pro
4 hfhitire nature. is such ns TO destroy REVENGE
I They absolute fraud upon the public crsii
/ tirs, and are destroying tie absty 70 bsrror.-
Mr. Secrs-ary Fesserde1- true 10 the Ner, I. D.
land system, supports tn hish t<xes. -hie he -
feels = drr.ore tho snkags revenue vhieh - thei
This policy NAV b illustrated in thc terms OF ~
/ new lean he Oilers Thus fir- alnoaaf y inferes
! u b paid up 10 Nay "a S5s.peo.oso. The 70
ssnues IN gold FOR tho last eight moniis have aver
| aged si.oeo,o0O per tnenih, rhieh. az KEEP; up r.
the n-x fOsr.,Tnonths. will ese sic. 600 900 viii
uhic e-rntet SIS 100000. u d.fcf = a00. o DO
Nhsre this gold + TO BE- 70; doe not apfcaF--
win fsfia st1fctni f1rfS oeiorc him. Mr. fcE--rlc
| ofcrs Ss2o.oeo, ecu 81 hre per cent gold stock
bearing a.sse September J. or tie Amnun, Sito.
/ oee0ou nay he sold On tls amoant there j. iiu
% JAM !, {l.eo6.coo Of gold interest.
This INST be l.aid up by the 5uyers in oflsr !
/ efsit back M4t5h J. IN fali coupon InsisaF Q
| requ.rs4g tho tgscrs TO pay ~. rhe gold Mr. Fes
sender f..ous ihca to pay paper n the rate Of -
Il nnakin3 goo In paper uhich hc receives l
he denjhrdei the gold be would have il on han.
| 70 repay Nsrch !. lie uslk however. probably T.
c9mpeisrd 20 into the tnatset an bug Il s30o
OF f5.fi90.Oo1- 10 rili thus la-c . per eeat- "
the bonds BY trihing With bis gold resourqrs Of
which nc sptire credit OF the governmen. depends
Again, Mr. Fessendsn has sir5n=iy hintsd sha
the gold payments must he suspended Now. tn
phblic bca-si1 mind that $3.50 600 600 six per efz:
geld stocks fall due IN 1867 aud thcy arc by la
! parable N p,per nancy. II Is very evident TIA
III the SIS 400 oi annaal gold interest Secsuei
rbardeEsoms threaten slesault. hat pzysuen
~ nn>ess - PARor money taae ill ia.si a-rr
redly take place notwithstanding All the SENT On
eial,assuranees thatsthey would be paid in gold.