National Republican. (Washington City (D.C.)) 1872-1888, 1877-01-18

MIR. MCCARTNEY, oil Pennsylvania, IN long
article on the finances Of the country makes some
practical suggestions about redemption. He
says that the Government should compel the
banks to return to the Treasury ten per cent. of
their circulation in legal tenders, and let the
Treasurer credit each bank ten per cent, and re-
deem in specie or specie draft on the SUBJ Treasury
the bills OF each bank when forwarded to the
Treasury by importers or others. The Treasurer
should give notice to each bank whom Its ten per
cent. Is about exhausted to forward to the De-
partment legal tenders in exchange for its bills
redeemed, and when the ten per cent. is being
exhausted to five per cent. again give notice to
return legal tenders in return for bills redeemed;
and when its ten per cent. is being reduced to
four per cent the Treasurer should give notice to
the bank to forward to the Treasurer legal ten.
ders to redeem its bills and one per sent. more
Of its capital keeping i've per cent Of its capital
in legal tenders constantly In the Treasury to its
credit for the redemption Of Its bills Let the
Treasurer reissue the legal tenders for the ordi-
nary expenses Of the Government, and let the
currency Of the country rotate around its common
centre with exact justice to all. Then let the
Treasurer establish branch offices in New York
and San Francisco for the redemption Of the Ma
tional banking currency, and specie payments are
resumed quietly to the satisfaction Of all.
GENERAL HENRY wATTERsoN, Of the 100000
and late of the Chattanooga Rebel, (subscrip-
ton $50 year In Confederate money, payable
six months after the ratification OF . treaty Of
peace, has not only distinguished himself In the
aeia sIIu n0l ~In, uus has nsue the gentle muse
respond to his over-wrought feelings. When
Sherman, who kept Watterson and the Rebel
dancing around in the hollows from Allatoona,
Pumpkin Vine, Big Shanty and Shake Rag to
Atlanta, appeared before the latter place, Joe
Brown was Governor Of Georgia, and the Georgia
pnSIf I'D phrak 20
Yankee invaders. The State government Of
Tennessee was on q sIx.muls wagon, up an alley,
out of range Of the Yankee guns, where Gov.
Isham Harris, Adjutant General Wash. Whit
horne, A. D. C's Charley FaIon and Hen.
Watterson all planned the redemption of the
South and played poker for beans Unfortu-
nately for the prospects Of redemption OF the
South and the Tennessee scrip, the sorghum
crop ripened and the Georgia meIish chafed to
Gull the sweets. Governor Joe Brown, unable to
resist their appeals, furloughed them, where
upon General Henry fell into poetry and the
Chattanooga Rebel came out in the following:
ODE TO SORGHUM.
Tumultuous horror brooded Ger the van,
P Pre- wrath to Georgia and to ms n:,
Is there no h.nd on high to shield the braves
What though destruction sweeps these lovely
70 u; so sorghum yet
And swear to cut it as we live. and suck 1t as
Now any one can see, without being as
near. sighted as Henry, that he has the clear
strained essence of poetry in him. and If he
would only muzzle the dogs of war, disband his
100, oOJ and become journeyman poet he could
soon lift that small amount which hangs over
the happiness Of the Courier Journal and its
principal proprietor.