Year: 1863




NORTHERN AND SOUTHERN FIEAxcr
weak kneed. and faint hearted. and white
livered Confederates; or pretended Confsderates;
will say, in reply to this, that eare fighting With
q currency far more depressed than the Yankee
currency Is or Is likely 90 be--aad that if we can
keep up the war with deprecated currency. the
Yankees can do likewise. So they can, If they
choose to do it. But they will not choose so to
do Consider that our cases are altogether diff.
ferent. The North is fighting for conquest and
empire. Wesre fighting in self defense and for
independence We are in the same position as
the Colonies in the time Of the Revolution.
Their currency was worth little or nothing, but
they kept on fighting and finally succeeded in
winning their independence Money has been in
apty called 'sthe sinews of war'-we say in
apty because IL is a mistake. The sinews of war
are enough food and raiment to sustain human
life, and an unconquerable resolution to perish
rather than be conquered.


The value of Yankee money, on the other
hand. depends exclusively upon their ability to
conquer the South-thAt is, in their opinion, it
depends upon nothing at oil; and has basis of
redemption more unsubstautial than the "fabric
of vision" Whether they succeed or not, their
money is equally worthless. The last golden
dollar that iingles in Mr.. Chase's Treasury will
be worth more in FIVE years from to day than the
accumulated millions Of "greenbacks" that he
has uttered, all put together.


Our own people--wise, in general politics, out
lamentably ignorant in thc.especinl branch ofpol-
itics which relate to fnance--are to blame for
the present depreciation OF Confederate currency
A singu' VI spectacle il, indeed, presented-that
we can negotiate loan in Europe AZ nearly par,
while the North cannot negotiate one at all.


Our bonds--worthless If we are whipped-sel
for nearly their face, while Yankee bonds are a
drug upon the foreign market, and not even a bid
is made Tor them. Yet, when we look at home,
Yankee money is worth nearly its face in gold,
while Confederate mony is at a ruinous discount
We repeat that it is our own fault-not the fault
OF the North not the fault Of Europe We have
been so long the commercial and financial slaves
and vassals OF the North, that all the manhood Of
our own natures seem to be taken out of US, and
we vet the cringing, servile followers, in all
questions of finance. of the dishonest operators of
Wall street. We must drive them and-their op
orators, and their fraudulent operations from our
minds. even as the Holy Savior drove the money
changers from the Temple which they defiled and
desecrated.


The South must assert itself financially as it
has asserted itself politically. The Government
has cotton enough to make heavy inroad upon
the public debt Add to this resource, system
of taxatiOn-absolute, direct taxation-that will
reduce tine volume of the currency. Let our
people cease to make money by preying upon the
necessities of our soldiers and their families. and
resolve sacrifice all sooner than this brutal war
upon US should succeed. We have country
such as God Almighty. in his goodness, has not
vouchsafed to any other on his footstool. All
that is needed is patience, endurance, fortitude-
an absolute yielding Of everything as secondary
TO the final triumph Of the cause. That triumph.
sooner or later, is one Of those things written
down in the Book of Fate, and neither Northern
enemies nor Southern traitors can prevail
against it.