Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-12-18

The great question for consideration
with "press, people and parliament 4"
just nov Is the speediest and shortest
method of returning to specie pay
ments." The President has hsd his say,
and . good say is is-a say ~cOacarred in
by more than one prominent member OF
the Radical psgly. The press, discussing
the Message Of Mr.. JOHNSON, hsve had
their say, and now Congress, IN e discus
sion Of the bin OF Senator MORGAN, is
shout to have Z little say prior to the adj
ilurnnaGnt nUas
which lGpsus the people viii very likely
re-eoho the " say +" they said during the
late Presidential canvass, and the press
will keep it alive by pro and con com
ments. As indicative Of what thezs
comments may be we refer our readers
to the article on our first page this ncra-
ing from leading journals OF the North.
What the South is likely to enforce as
its view o. the matter vii be found IN
the following extract srom the Mobile
Register Of Wednesday, which, we will
say, Is bat ons Of many similar articles
from the same source enforcing The be-
lief that we OF The South can solve this
question Of 2 return 70 specie payments
by exGcting the gold In our own markets
and from fret hands, which, eventually,
our cotton cOmpeis IS the first, best me-
dium Of exchange between the United
States and Europe. Here Is the argu-
meht iua "Dut she'll" forcible and per-
tiuent:
A bale o. cotton is pro taniO 3 bale Of
Reio-thia Is 10 say, il is 3 commodity
that commands goid in all the markets
OF the world except the SOUthera mar
ket8. What becomes Of it when it is
ready Tor asie? 1t Is swspped for green
hacks and sent TO the North. What
doe7 the North do with it? It uses it as
gold in paying It's foreign mercantile
distances and keeping up the National
credit R5ru 81. There is not tie ieast OBJ
lection Ia this use q IL by the North for
its W. and Government benefit, but
there is sn objection 10 the North paying
the planter ia paper while it sells for
gold. The planter should demand gold
for q gold article. This ia the cash sys-
TEN recommended by the National Board
OF Trade Convention 81 Cincinnati, and
10 the South lt Is simply the just system.
And this is essentially true, apart from
all political considerations. As il IS. We
are simply fools at the South for Grip
ping our business and industry by con-
ssntDg to use an irredeemsble and daily
~huctusting psEsr currency, when we can
have gold 4 We ask II, for the convent
eDce Of 8 Government and people who
have treated us IS moral lepers and 20
litical outoas1s ever since We made an
hnorsbls surrender OF arns. The good
thiCgs that have fallen Ia our way South
The last eight years are few and far
enough between, aOd If a gold currency
and al its fertilizing consequences Il
within our reach, let no mawkish sensi.
bility or contracted notions Of financial
economy induce as to pretsrmit it.
As reinforcing the above views of the
Register we hsve only to refer to the ex-
ample OF the people Of Texas. In by far
the largest portion Of that Stste-indeed
in.an, except Houston, Austin, Galveston
and q few other commercial points-gold
the currency, just as It Is in California.
The Texans VIII not trade for green
backs. They recognize now, As before
the war, only gold and silver as 3 Just,
fair and certain currency. To them, as
TO the people Of Calif0rals, gold and sill
yer have a permanent value, recognized
world over. GTeenbacks they know
ispand for their value, not upon the
promises printed on their face, nor upon
avs or GoYerlmsat pledges, but upon & 4