The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-01-17
[Frons the Ne,o Fork Herald.l

The provisions OF Mr.. Randalls bill on the sub
ject Of the currency are attracting more attention
every day the desire to get rid Of the interest
paid by the Government on the bonds increases
with the excess OF taxation pressing the people,
and the only cause OF doubt in the matter is the
so large increase Of the. irredeemasle paper Of
the Treasury and the consequent effect on existing
contracts in business me SCI circles the United
Of adding three hundred million dollars to the
volume now existing may be TO- depreciate the
9 i S he rsesae ae g
from the Office Of security Of national bank circu-
lation, tend to give to the market supply beyond
same It is also question whether the bonds Of
in the home market if they could not be used for
These are some Of the suggestions which are
thrown ont in regard to Mr. Randall's proposition,
and they cause some doubt as to the eligibility Of
the scheme: Moreover, as the volume Of the paper
afoat for which tho Government is responaible la
increased the more difficult is the task OF prepar-
ing for resumption Of specie payments on that
paper, and consequently the more distant the day
which shall witness the use :of coin in the daily
transactions Of business; but If these are serious
objections to the scheme, there are also very grave
ones to the system Of national hanks, and il bs-
comes serious question whether tho evils Incl
dent TO the latter 81 stem cannot be- overcome by
some legislation which may not require it's entire
Of the interest in the shape Of tax on the ban
is also suggested, and, as the privilege Ia very
great, they could DO very profitable business,
and pay thrsH to four per cent. on their security
bonds also. The banks should pay o heavytax to
the Government for their exclusive privileges of
furnishing circulating medium, 1tc.; and q tax
could be levied OF fifty per cent Of sn profits made
by the banks on the circulation notes as o bonus
to the Government for their exclusive privileges,
to be ascertained by careful examination OF the
Comptroller I'd the sworn testimony Of the officers
OF the banks. ts.. W. w.
~ THE oorroN TAX q. N, +. VI NJ ,s. ,ss..
y, Representatives of the manufacturers Of cotton
goods are now in the city, and declare that IL the
excise tax OF five per cent s not repealed the mills
will be compelled to suspend operations alto
gether. W. .1oss.t11t.
u. We REGRET tolearn from gentleman who was
at Monroe this week. that many Of the >citiZens OF
Union are in danger OF suffering for the,want of
bread. The crops in that county almost entirely
1alled, and Plumbers have not the means TO buy
corn ht the present high price,, Major Covington,
the able Senator from that county, m4de q streuu-
Gus effort 10 get assistance from the State bat we
90 not now remember whether he was successful
or not. N @3s- mn ..S
We learn they are organizing q secret society.
under the auspices of the straitest sect the OBJ
ject Of which we could not learn. Eaci, member
is sworn to secrecy before he is introduced and
made Ecquainted with the secret. verytrue and
reliable man Of our acquaintance was sworn bat
could not stand 1t. He withdrew, but was sworn
not to divulge what he saw and heard. It is time
the true men OF the State were on the lookout We
suppose this organization will be, established in
avory county, and much mischief mGy result be-
fore we know from where it comes, BE on your
guard. - Charsoste.1fpae .t< e r1 't.s 'st :sit