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LEGAL ADVERTISEMENTS. *
S doe of Land and Negroe*, by Administrator*. Ex-
e ,:rer.< or (luircian-, are required by law to be held
j,, first I'ueedayin the mouth; between (he houisol
III in the toreaoon and three in the afternoon, at the
Ourt house in the county in which the property is sit
uated. ...
N'otiea of thesesalea must be given in a publicgn-
gr'i • today's previous to the day ofsale.
X tires for the sale of personal property must be giv
en i i like manner 10 days previous to sale day.
Xoticesto the debtors and creditors of anestatemust
gl-o be published III days.
Notice that application will bo made to the Courtnf
Ordinary forleavetosell Land or Negroes, must be
published for two months.
Citationsforlelters of Administration Guardianship,
Ac., must be published 30 days—for dismission from
Administration, monthly six mouths—for dismission
irom Guardianship, 40 davs.
Hides for foreclosure of ‘Mortgage must be published
■ ■ in'/ity farJ'anr months—for establishing lost papers,
for the full space of three months—for compelling titles
fro n Executors or administrators, where bond has been
given by the deceaced, the full spuce of three
month*.
Publications will always be continued according to
the-e, the legal requirements, unless otherwise ordered
«tthe fAllowing
KATKS:
Citations, on letters of administration, Stc. f - ' •’>
“ “ dismissorvtrom Admr’n. ISO
“ “ “ Guardiansliip. 3 00
b*ivc to sell Land or Negroes . 4 SO
X’li'ice to debtors and creditors. •*
*,of personal property, ten days, 1 sqr. 1 50
Sa'cofland ornegrocs by .Executors, Ac. pr sqr. 5 00
E-dravs, two weeks 1 50
p„r a man advertising his wife(in advance,)
VOLUME XXXIII.]
MILLEDCEVILLE, OEOROIa, TUESDAY, APRIL 7, 1863.
[NUMBER 46.
PRE
JU 1 OR SAX>.
A ^ch’jfc-cn;’ Adsm’sPowcrPfMf,
x a ' 1,1 l**! 1 ** V* -• *- VV- Lr.te it and eau
reccmmetw it. I,\ •
BOL'GUTOJf, M.-BET & BAKXES.
MilWgcvi’ie, March Hitt,. r-C3. 42 t£
public necessity, will be vie wed. by ninny, n
. , ... . , poii their patriotism, aid tniwarraiited iut
e lo Unction on the planting ofj fereneo with their private rights.
Sth. The concession made by tlic Cotton
i oo
BOOK-BINDING
Tin: Subscriber is now pre
pared to do Sook'Silld-
ing - , in aril its branches
Old Cooks rebound, &c.
MUSIC bound in the best style. Bl.AXK Books
lusi iitacturcd to order. Prompt attention will be
civen to all ivoik entiusttd to mo.
S. J KIDD.
Bindery In '•unijicrn rnlnnl I ni.n OlTIcr.
MiUedgeville, March 10th, If?61. 43
AssembU- 1 " i (, | e Co "" mtf '* e appointed by the General | innnded bv
° ,,c 1 Uas >'cf erred that portion of the Gov- ! reflection *u
tinoi 8 Message relativ 1
cotton, hii\e agreed upon a hill herewith submitted, which
they recommend do pass.
A. L. SMITH,
Ch’mn House Com.
JOHN W. NESI5IT,
DANIEL LAW HON.
T. S. M. BLOODWORTH,
* ' B. HENDERSON,
ROBERT Me CAM V,
P. B. MONK,
LEVI EZELL,
WM. J. UNDERWOOD.
R- T. GIBSON,
H. C. G1DDENS,
JAMES M. CANTRELL,
TOLLESON KIRBY,
E. B. GRESHAM,
Of the House.
JAMES R. BROWN,
JOHN R. DYER,
D. R. MITCHELL, j
W. P. BEASLEY,
Of the Senate. I
AN ACT
To prevent and punish the cultivating in the State of Geor
gia more than a certain quantity of land, in cotton or
i ; change, becausi
- criterion. Golc
for sale is ]Knits
Planters, du- basis of value.
i there is no foreign exchange, is the best
1 is worth about five for one. Every article
ht with Confederate currency upon this
That there is a redundancy of currency, no
ung the past year, in restricting their crop of Cotton, is, to one can deny, but the opinion that an excess of issues alone
our minds, a sufficient guarantee, t\at they, as a class, are
behind none other in patriotism, wi’J make sacrifices when
legitimately demanded, equal to any other people or class,
and ni‘oil nid ti.n .......a../-.. ,c a., i
need not the stern mandate cf the law to restrain
them within the line of public duty.
We therefore beg leave to submit the following resolu
tion expressive of our views as to th; policy this Legisla
ture should pursue in the premises :
lhe General ^Issembtj of Georgia do resolve, 1st. That any
change in the present existing law regulating the planting
of Cotton would be impolitic and urwise.
has produced the present enormous prices is certainly falla
cious and unsound.
The Secretary insists that two-thirds of the volume of
currency must be \\fithdiawu to remedy this evil. Von- I people and Congress, and would furnish a pretext to Con-
jper bounds * giess for inexcusable and dangerous delinquencies of dutv
What right has the Legislature to assun.c a sort of Con
gressional power, and directly or indirectly levy taxes, not
legitimately within the scope of its duty or power, when
she lias delegated this power to Congress. Let Congress do
its duty. The people of Georgia are ready to do theirs
without the uncalled for behests of the Legislature that
never consulted them. . Such an act upon our part would
be a meddlesome and unjustifiable intervention between the
gross attempted to keep the currency within ptope
by making Treasury notes fundable in K per cent, bonds.
This elfbrt lias proved ineffectual, and notice has been given
that after the 22d April the Treasury notes would no longer
be fundable in these bonds.
Mr. Memminger states that “ these measures, although
nquencies
in not providing for the public debt on the one ride, and un
heard of prodigality of appropriations of money, should the
responsibility of raisin" the money be shifted from Congress
and placed upon the .State Legislatures. If the States en
dorse the bonds Congress may neglect or refuse to levy and
well timed, have been overpowered by the necessity which i collect taxes to pay either principal of interest.
Resolved, 2d. That we request the planters, who arc compels the Government to increase its issues.” The daily may raise and collect taxes and in,pot- to maintain and sup
living near lines of transportation, an] who can increase I absorption of the currency under this funding system lias ! p or fc tfo e ce ,
their plow force, to restrict^their planting of Cotton to | not diminished the amount of circulation. the States to
such limits as wi
be necessary only for home consumption, j By the depreciation of these notes, the value of tin
r l f . M. FURLOW, ! terest has been impaired, and eight per cent, bauds, w
SPECIAL NOTICE.
rjlIIE nii<Vrsi<rnc<] having rfmcvfd from Sfil-
S lt-Jpeviile drsius >.nd intends to close op his
hn-.iness matters of that place speedily ns pcssi-
b. • All persons indebted are notitied that the
a" esand recounts are in the hands of J A.
Biint.ni.nVE, andP. 11. Lawi.er.w1io areanthori-
/.ed to collect and make settlements If not ar
ranged at an early day, settlements will be enforced
bv law.
' i:j tf. A. G. VAIIi, Aprent.
Atlantic
Railroad.
M’.aata to Chattanoopn, 133 Miles, Fare $G 00
JOHN S. ROWLAND, Scpt.
Passenger Train.
Lire Atlanta at.. —.- " 30 P. M.
Arrive «t Chattanooga at 4 57 A. M
Leave Atlanta at 4 011 A. M.
Arrive at Chattanooga at 5 15 P. M.
Accommodation Pa»«cugcr Train.
Leave Atlanta 2 4d P. M
Arrive at Kingston 6 57 P. M.
L ave Kingston 4 30 A. M.
Arrive at Atlanta — 8 45 A M.
This Road connects each way with the Rome
Branch Bailroad at Kinsrston, the East. Tennessee
A Georgia Railroad at Dalton, and the Nashville
& Chattanooga Railroad at Chattanooga.
July 29, 18B2. 10 tf.
New Arrangement.
'Hinge of Schedule, on and after Monday llth inst
THE Subscribers are convey-
nptheC.S. Mail from Mil-
• I’eville via Sparta,'Culver-
ton ami Powelton to Double)
W. ils,and would respectfully invite the attention ol
: ir friends and the travelling public, to their new
iind complete arrangement for travelling facilitiev
over this line.
SCHEDULE— LeaveMilledgeviBe after the nrrivn
f trains from Columbus. Mneon and Savannah; Ar
rive in Sparta at ti o’clock P. II. and at Double Wells
same evening.
Leave Double Wells alter the arrival of morning
‘rains from Autrusta. Atlanta and Athens; Arrive at
Sparta 11 o’clock, A. M.; Arrive at Milledgcvillesame
ev-ning.
With good narks, fine Stock and careful drivers
we solicit alibera! patronage.
MOORE & FORBSt
Stage OtBcea—Millerlgerille HotelMiltedgevilte.G a
Edrrard*' House. JSpa/ta.
Moore’s Hold, Double 1 Veils.
Jaiyll, 1859. » tf -
JOHN T. BOWDOIN,
ATTORNEY AT LAW,
S VTOXTOS. GX.
Eatonton, Ga., Feb. 14,1860. 38 tf.
50 Saw Cotton Gin for Sale.
ONE of WATSON S best 50 Saw Cotton Gins,
;i offered for sale. Tliia Gin is new, and ia equal
to any in use. Sold for no fault, the present ow-
:.-r« having no use for it. Any planter wantingn
P md Gin,can have a chance to get one. at a_re-
i iv.inn on the regular price. Appiy at this office
‘•1 X. Tift or.I. II. Watson, at Albany
HOES
Ml DOZ. IIOES just received and for sale
OU hv WRIGHT & BROWN.
Eeb 2d, 1803. 57 tf.
A DIM i DUN !!
r PHK undersigned request all f ersons indebtc*
to them to call and settle.
HERTY & HALL.
Millrdgevi’ile, Jan. 10th. 1862. 34 tf
! **l D. IKVIS.
GKEF.M.r.K BUTt.BB
IRVIN & BUTLER,
attorneys at law.
ALBANY, Georgia.
pliACTICE in the Superior Courts of the Sotitl
* >V '.ernCircuit,—in Terrell, Randolph, and Ear
■ r uities in the Pataula Circuit,—in Worth and Mb
i'’ n Counties, i„ the Mac* n Circuit, in the Unite*
" lste * Circuit t'**urt at Savannah,—and by specis
'“Tart.in my County in Southern Georgia.
•lannary 1st’ lHfiO. 34 tf.
ETHERIDGE 8c SON,
F «tors, Commission and Forwarding
'•lEROSAN TS,
SAVANNAH, OA.
W a. ETHERIDGE. W. I>. ETHKRIDtiE, Jr
July 15th, 1856. 8 tf
Bears. A. H. t L. H. KENAN,
^ RE As»</ciated is the Practice ok Lav
Office 1st Door upon 2d fioor of
, MASONIC HALL.
J »n.23d.1857.
35 tf.
Plantation for Sale.
T OF FEE for sale a well improved Plantation
1 within three miles of Milled|feville, contain-
‘“Ifjtirteen hundred acres of laud.
_ , WILLIAM A. JARRATT.
f ‘h...1, 1.M •» mti
tobacco, during the present war.
Section 1st. The General Assembly of the State of Geor
gia do enact, That it shall not he lawful for any person or
persons, whether residing m this State or not, to cultivate
in any county in this State, by themselves, their agents or
employees, or allow the same to be done, a greater quantity
oi laud in cotton than one acre for each hand, nor agreater
quantity of land in tobacco than one-quarter of an acre for
each hand, owned or employed by them, between the ages
of fifteen and fifty-five: and when said person or persons
may own or employ hands over fifty-five years of age and
under sixty-five, or over twelve years of age and under fif
teen, tjvo of said hands shall be counted as one hand.
Set. 2d. And be it further enacted, That every violator
of this la w shall be guilt}; of a misdemeanor, and'upon con
viction thereof, shall be lined for every acre of cotton* and
every quarter acre of tobacco so cultivated above the nuni
ber specified in the preceding section, the. sum of five hun-
uied doP.ais, one-halt of which sum shall be paid, in casfhs
where there is a prosecutor or informer, to said prosecutor
or informer, and tlie other half shall be paid to the Inferior-
Court of the county where the conviction takes place, for
the benefit of indigent soldiers’ families.
Sec. 3d. And be it further enacted,. That no hand or hands
except those usually known and employed as field hands,
shall be counted as such under this act.*
Sec. 4th. That any person or persons who may intend or
desire to prosecute any person or persons for the violation
of tliis’art, may, upon application to any Justice of the In
ferior Court of said county, supported by affidavit that lie
has good reason*to believe that the law has been violated,
obtain an order requiring the county Surveyor, or liis law
ful deputy, to enter the premises of said person and make
a survey of all the lands so cultivated in cotton or tobacco,
and the person so applying for a survey shall pay the coun
ty Surveyor or his deputy for making said survey his usual
fees, which shall be taxed in the bill of costs on the final
adjudication of the case.'
Sec. oth. That all persons as well as owners of slaves
cultivating cotton or tobacco shall give in to the Tax Re
ceiver, under oath, a return of the quantity of land so cul
tivated by them, and the number of hands owned or em
ployed in such culture, between the ages of twelve and
fifteen, and fifteen and fifty-five, and fifty-five and sixty-
five, each year during the war.
Sec. Gth. And be it further enacted, That the Act of the
General Assembly of this State, entitled “An Act to pre
vent and punish the planting and-cultivating in the State of
Georgia over a certain quantity of land in cotton, during
the war with the Abolitionists,” assented to the eleventh
day of December, in tlic year jme thousand eight hundred
and sixty-two, be, and the same is hereby repealed.
Sec. 7th. And be it further enacted, “That the Judges of
the Superior Courts be required to give this law specially
in charge to the Grand Juries, at each term of their courts,
during the continuance of the present war.
REPORT OF THE MINORITY OF THE COMMITTEE
ON COTTON PLANTING.
The undersigned members of the Special Joint Com
mittee to whom was referred so much of the Governor’s
Message as relates to the “Planting of Cotton,” beg leave
to present the following
MINORITY REPORT.
We have been unable to concur with the majority for
the following reasons, viz :
1st. The recent action of'the Legislature, restricting
the planting of Cotton to three acres to the hand was the
expression of that body after a full investigation of the
subject, and though, in the opinion of many legal and in
telligent minds, was of doubtful constitutionality, yet it
lias met with no positive opposition; but has been acquies
ced in by Planters throughout the entire State, wishing
thereby to promote the public good. The Message of his
Excellency thcGovernor fails to disclose any new reason, and
none has occurred to our mind, justifying this sudden change
of the law* We are unwilling to admit that we were mis
taken in the course pursued by the Legislature in the pas
sage of that law. It was not hashj and inconsiderate legis
lation, but was the result of mature counsel and delibera
tion, and met the approval of his Excellency the Governor
after having undergone his accustomed close.and critical
investigation.
2<1. It i« our deliberate opinion, the result both of ob
servation and practice, that the proposed change will not
materially increase the production of corn and other grain.
:}d. In order to increase the production of corn, every
planter must necessarily add materially to his plow force*,
vv 11if 1) ill the i*resent great scarcity ot mules and horses,
is hoth impracticable aiid impossible.
1th 0*1 r limited, and still diminishing, transportation,
woul.1 prevent ».i incrroml grain cwp Iron, bdng mn.lv
nvnilnl.lf, there already being m Middle, Southern and
South-Western Georgia more corn and other provnem
bv the present facilities, lie distributed, until
much of'tlnf large supply shall have been wasted by the
weavcls and other causes,
J. H. ECHOLS,
J. I>. WRIGHT,
S. F. ALEXANDER,
B. T. HARRIS,
[excepting one or two propositions.
S. S. STAFFORD,
Senate Committee.
ROBERT HESTER,
W. D. STEWART,
R. S. NEAL,
A. G. JONES,
JOEL MATHEWS,
B. H. HUTCHINGS,
House Committee.
MINORITY REPORT.
ntnil Government in its organization and leave
to pay these endorsements. Let us maintain our
true relation between representativesjind people in the State
eare j Legislatures, and let the like relation between representa-
officially informed, has liecome in effect a four or three per j tives and people in Congress continue to exist without any
ceut. bond. “The inducement to take these bonds is thus J change ordimunition of re^p
destroyed, and tin- bonds themselves cease to afford relief.
They offer still less inducement to any foreign purchaser,
because Lis interest will be paid in currency, which must be
exciial)"ed*for his own, at the rate of three dollars for one.”
responsibility.
The Legislators of Georgia are net the judges of the faith
fulness of the representatives of the people in Congress.
They are responsible to an enlightened constituency.
We are called upon *o intei'venc and endorse the future
The minority of the Committee to whom was referred so
much ot the Governor’s Message as relates to the endorse
ment of Confederate bonds by the State, submit the follow
ing as embracing their views briefly upon this subm^'
referring also to such incidental facte 1 «.»/urn- ances as
mav liavo a i> t .„. :.. 6 ..pou Lite question under consideration :
We learn from the report of the Secretary of the Trea
sury to the December last, made to Congress on its
assembling o» the 10th January of the present year, “that
the issue of Treasury notes on the last of December amoun
ted to 8290,149,092, exclusive of interest bearing notes,”
and of this latter class, $120,4S0,000. The interest bear
ing notes seems not to be considered by Mr. Memminger as
part of thejeurrenev, although its circulation and use have a
decided influence upon the business of the country.
In estimating the volume of the currency lie puts down
$290,149,692 of Treasury notes, and about 820,000,000 of
bank and State Treasury notes.
The Government Treasurynotcsthen amounts
to ? 8290,149,692
Interest bearing notes amounts to..: 120,4^0,000
Let us then add bonds ancf stocks 145,475,370
Ihis statement corning from the J reasurer, is conclusive as action of Congress in defiance ol the judgment oftke people,
to.the causes which have forced the bond- out of the mar-J The representative is responsible to Lis constituents, and his
^ e U electors have a right to review his conduct. Congress has
lhe minority beg leave to remark, from this view of the ; ntadc no call upon us, but it is said.that other States have
case, that because of the depreciation of the value ol the : proposed this guarantee for the redemption of any farther re-
currency with which the interest is to be paid, and which ; dundanev of currency.
makes the rate per cent, in value only equal to 3 per cent., j l n fact Ml Memminger regards this measure, if carried
the bonds are not sought .after. This is the reasoning i out,‘as relieving the Confederate Government from any fhr-
ot the Secretary, and is no doubt the true reason. : ther anxiety in regard-to further issues. He says that “we
If then the value of our currency could be so improved are happily relieved from this necessity." The necessity to
as to pay the a interest in funds at par value, the Govern- j guard against anv future redundancy.
inent issues would soon be funded. If this be correct, the In providing for t)x* -W^pnon oi an over amount of
inquiry may be well made, is it possible that 6 per cent, j currency , : f- t ,°, ? forgotten that eyeu should the boqtds
bonds endorsed by the States with the snterest paid in^fijn^*
so ifpiiriicl'itp/l *"in in/liu*n i l/i m net ip /a I* fr\j-'- --- * I ’L . ^
r c«ionii this office that the amount of bonds accumulate
so depreciated, can induce domestic or ~ f ‘"'’"k- j i ' n Siime and adds largely to tiie interest debt, and
seek such an investment .♦* - ' o1 1 interest being . U s long as the currency is deprec ated the difficulty in pay-
2 nor _£«*»* - - , , . , . j ing the interest will be increased. The T-sasurer’s reports
~ L'nis demonstrates that neither class ol bonds can cure ! exhibit a statement of the bondsaud atoafadHu oou«.i»»-
the difficulty until tlic value of Treasury' notes shall com-| erate Government amounting to $145,475,370. Solar as
mand something like their nominal value. It an 8 percent, this class of Weurities has been employed for that purpose,
bond, owing by the same people, issued by the Confederate ‘ to that extent the currency has been reduced.
States, cannot be used for retiring the currency, how can j
a like bond bearing 6 per cent., endorsed by the States and
owing by the same people, bo used for that purpose ?
Capitalists will not invest their money in either class ofj
bonds until they can be assured of their interest in funds
of par value.
The only means by which the Government can uphold its i
credit is first to look for some means by which the interest I
can be paid in par funds.
We must gradually approximate this end by a judicious j
system of taxation upon income and property, letting the
tax upon property be levied with regard to the condition of! should never occupy.
At this early period in our financial htstory with only
this amount of stocks and bonds, the States :.re called upon
to become parties as endorsers to $509,660,000 of bonds.
If the State enters upon this stupendous scheme, it will
have through its Legislature, to provide revenue to pay
the debts of the Confederacy, while the duty and power to
do this is entrusted to Congress by the Constitution. The
local Legislatures become the servants of Congress, and the
States the mere financial ministers of the Confederacy, with
the Congress to instruct them what they sha'l do. Snfch a
condition of subserviency and subordination the States
Making public indebtedness $556,105,062
The aggregate amount of issues which the country has
accepted as currency, bearing a relative value to the mar
ketable and exchangeable commodities of the people, seems
in the mind cf the Secretary to bo the chief difficulty in
regulating the trade and finances of the Confederacy. The
Secretary, after referring to the outstanding circulation, as
sumes that entire confidence exists in our currency, though
the increase of the volume of currency had advanced prices
in a corresponding degree with the increase of the circula
tion.
This theory is true in a modified sense,
will prices advance in proportion as the circulation becomes
augmented l If this be so, what will be the ratio of in
crease? That the superabundance of currency and the
cheapness of Unit currency will effect prices, is not denied.
The rise and fall in prices is chiefly regulated by the char
acter of the circulation used as money, and its commercial
value fixed by those with whom we deal. If the Govern
ment should fail to prevent citizens of the Confederacy from
trading with those with whom we are at war, and the im
portation of goods and merchandise from the enemy’s conn-
the people who are to bear it, guarding against levying
taxes of any magnitude upon the property of the soldiers in
the army.
To afford a remedy for existing evils, a reduction of the
currency must be brought about gradually, not by a rapid
reduction of two-thirds of the circulation.
If we take 8290,142,692 as the present circulation, this
reduction would be $192,433,12$, only leaving 896,716,-
564 as the remaining circulation. This abridgement of the
facilities of trade would accelerate upon the country a fear
ful and alarming panic, a sudden dimunition in the value of
property and such a sacrifice as could not be borne.'
Georgia stands pledged to aid in tiie prosecution of this
war, she intends nobl v-to redeem the pledge. She intends
to aid the administration and stand by it, and will be $he
last in this fearful struggle to doubt or hesitate. Her mot
to is, to fight and fight to the last rather than reconstruct
the Union—to live with a race of people opposed to hu
manity and civilization, and enemies to God.
In iS62 South Carolina agreed to indorse her proportion
of 8200,000,000. She now proposes to indorse her propor
tion of 8500,000,000 of bonds to be hereafter issued. Omit
ting Missouri and Kentucky from the calculation. Alabama
and Floriea propose to indorse the whole debt of the Con-
Tbe Government would be compelled to resort to other federacy, provided all the Confederate States will do like-
issues which would in its turn inflate the price of every spe- wise. Mississippi agrees by a resolution of hej Legislature
C1C8 of proparty,
A gradual withdrawal of the superabundant circulation
The question is, i should take place so as to keep
to indorse her proportion of >200,000,000, dependent upon
superabundant circulation the act of a subsequent Legislature, the resolution to be
in check the probable ex-j published three months before the succeeding Legislature,
cess of issues from the necessities of the Government, taking it will be seen that there is no concert of action "as to the
care to guard against a too sudden change of value.
amount assumed, and the policy and pre-requisite conditions
The only means to be relied upon to sustain the public : of that assumption besides the proposition of neither of these
redit is taxation. Without it there is no foundation upon | States except South Carolina, to be binding only upon
R I condition that their particular propositions be acceded to.
which the credit of the Government can rest. Without
we cannot secure public confidence. In the language of
the Secretary, “Such a lax is the corner stone of the whole
fabric.”
Mr. Memminger after statiug that*the depreciated cur
rency with which interest had to he paid, had rendered the
try, the value of Confederate money will continue to de- bonds unavailable for retiring the excess of circulation,
Congress has not designated or even suggested any plan.
Nor has Congress asked for any indorsement. There is no
common agreement as to a plan, amount, or terms.
Georgia therefore could not, if she desired, make her ac
tion consistent with the four States mentioned. Jr will be
kept in mind that there are thirteen States included within
preciato. The demand for gold and silver to be used within strangely argues that to provide*for any future redundancy,; the Confederacy, and that we have no information in regard
the enemy’s lines, x\ ill constantly increase, and the rate at bonds should be endorsed by the States amount ing to I or 5 t t , r ] ie police of the other States.
which it can be purchased will advance. The bills of the
banks of the States are purchased for the purposes of illicit
trade, also. Bank bills and coin are sought after to be used
hundred millions of dollars at 6 per cent.
The minority of the committee present the pertinent in
quire how can this latter class of bonds lie used to retire
in the purchase of merchandise in the United States, where future issues of Treasury Notes subject to a like deprecia-
Confederate currency is prohibited from being used. In tion? The interest is to be paid in no better currency on
this anomblous condition of trade and currency, so long as the 6 per cent, bonds than on the 8 per cent, bonds
merchandise is bought from our enemies,ami brought with- To make the argument of any force it. must be shown
in our lines for sale, the effect produced, first, is to advance that 6 per cent, interest is worth to the bondholder more |
the premium on gold and silver and bank notes, and a cor- j than S per cent, payable in the^ame currency,
responding depreciation in the value of Treasury notes;!
per cent, p
Taxation must come to our relief on the second class of
securities as well as on the first class. “It is the corner
stone of the whole fabric.”
Having demonstrated as we think that the proposition
poli
Intimately connected with the subject of finance and the
future defenses of the country, we would suggest that the
Government might employ the cotrou crop of tlic Confede
racy, as the basis of security for money to be obtained in
Europe, for procuring munitions of war, and increasing our
navy so as to enable us to drive the blockading fleet from
our coast.
The cotton is of substantial and real value, and more
nearly approximates the vabu of money th*.n bonds or in
dorsements of any character.
Georgia, for the purpose of producing unity of feeling
and purpose among the several States, and expressing her
views to Congress, and also, to her own immediate Sena
tors and Representatives, as well also as to make a suita
ble response to her sister States, herein presents her views
ana as the coin and bank notes become scarce, in the same
ratio will the Confederate Treasury notes suffer in value.
The value of our money is made to depend on the price of j
goods in the United States, and Jibe probable profit to be for the State to endorse the bonds is but a delusive promise,
realized in the sale of goods in Confederate money, and the if made, and can result in no good to lhe Confederacy, we
prospect of re-investing Confederate currency in gold and insist further, besides nut. heuefitting the Confederate Gov- j n regard to the topics herein discussed, and adopts the
following resolutions as embodying concisely those views.
!. Rrso/ml l»j the General . Uv. . . . f G otgio, That they
recommend to Congress to levy and collect such taxes as
may he consistent with the means of the people of the
and in this proportion will the price of goods advance, and ; to levy and collect taxes, duties, imposts and excesses for States, the maintenance of the public credit, and necessary
so of all other supplies, just in proportion as the coinmer- ! revenue necessary to pay the debts, provide for the common f or the public defense, without delay.
2. Risoival further, as the sense of this General Assem
bly, That Georgia will cheerfully contribute, not only ker
_ proportion to the-support of this war. by taxation, but
Have the people ever failed to respond to the call of ^ will-husband her resources to meet the contingencieso* l ^i*
Government for aid ? They are still true to the Gov- creel and unjust war waged against us by the al»olit»*n#sts»
3. Rcso/reif, That Georgia, abhors repudiation i-
silver to be re-invested in further supplies of foreign goods eminent, it will work out infinite mischief to the State and
—the coin still appreciating in value—the prices of goods j her people and inflict a vital and dangerous stab to the
still advancing, not in proportion to the volume of currency, j dearest, rights of the citizens of this youthful Republic,
but in proportion as gold and silver becomes more valuable,! Congress by the Constitution has power to declare war,
and in this proportion will the price of goods advance, and j to levy and collect taxes, duties, imposts and excesses for
so of all other supplies, just in proportion as the coinmer- revenue necessary to pay the debts, provide for the common
cial classes exact enormous prices, growing out of the illicit | defence and carry on the Government of the Confederate
States. Congress should exercise this power for the safety
of our common country and the preservation of our liber
ties,
their
eminent. They call upon Congress to provide for the col-
7 t ., Manv of tlic Cotton Planters of the State have al-
1 i tlieir crops of Cotton, in compliance with
r^ly planted it is „ ot within „ur power
to interfere with d* cultivation
ready
the 1l
by retroactive legislutio
°1 the Mine. operations of tho proposed
6th. To exehre - H ,d include those who have not
act, such as have planted tna * of t ,
trade carried on with our enemies.
The same effect would be produced if goods were regu
larly imported from the .United States, so long as that Gov
ernment prohibits the circulation of Confederate currency.
It will thus be seen that the laws of the United States ex
cluding our currency, and the illegal trnde carried on be
tween the citizens of the two Governments, control tl
value of our currency.
This condition <Jf trade lias inflated tho price of every ar
ticle of merchantable value, and will continue do so, so
long ns this wicked traffic is carried on. As long ns tho*
Government permits this trade with our enemies, and gold
commands froiiiHj75 to 426 per cent, premium, just so long
will the people distrust the currency and the ultimate value
ol the public securities.
If Mr. Memniinger’s assumption be true, “flint entire
confidence exists in our currency,” then it must he equally
true that entire confidence exists in our bonds. Tho one
is as good ns the other, the only difference being the inter
est accruing upon the bonds.
.Our currency has a commercial value, determined by tho
state of trade carried on by our people with the United
States, and this is made the test of the value of Confeder
ate currency.
What is the rate of excess of currency over and above
c- lection ot taxes fo meet the necessities ot the country*. Con- forms, mid will never compromise her honor bv av^ding any
ie j gross delays irom some causo * incomprehensible to your [ debt, created or contracted by ti e Gove rnment * ,r pub-
committee. The Legislatures are called upon to intervene |j,< defense.
the actual value of articles of prime necessity ? The pres-
act, such as liave pi«*»y'^ ‘ ^ v i^] a tive of that clause of tho ont state of the market shows that it is about fivo to one,
planted, would dc J .... logg leirialatiori. I if tho excess beyond the ordinary amount of circulation
fcOT.t.tetio*. Which l in the affecting it ,1 M ., ! „U>„e control, thf. ,,notion.
7th. This sudden jfp| an ters of this State, not de- The value of gold in the absence of any fixed rat# of ex-
the honest calling oi re® * >
between the citizens and Confederate Government. Tli
people tiro defending the. Confederacy with their lives and
fortunes. Every battle field attests their fidelity and every i
grave is a silent and sacred monument to their honor and
good faith, and the living of t his duv have swore in their
hearts that our honor and glory shall remain untarnished
I 4. Re solved, That the Confederate G ov«v’*e) c )*t has with
in its reach, ample resources for conduct itK foreign ex-
changus^aud making foreign purchases, hi the article of
cotton, to be purchased by the Governin'**! trom the people
of the Confederacy, and sold at the »Ar*4«> pivtit wlu, )»it
now commands in the markets of t he oiny oiwta-
on the battle field, and the odium and dishonor of repudia- c | 0 j n j|„, W . IV 0 p t | l j s process the duln uhy ot re'lirerr,
* ii . i; .f... ,... i*i . i- . . ! ..... * . . 1 i l..
and this obstacle can be si»>«nouutcd by obtaining in the tote
cotton, red tien
which 4'ili opm
"‘""•j UUHIIlUCe ••• r* /
ami keep open nt least ono Confederate fort, pi ne
the cotton where it can be reached by noutra-’fUps, wi: *~
out anv breach of the law of blockade, aud thefotore o*.*-
ried to its destination under the inviolabte prMectioa if
tion shall never disgrace the land they live iu.
Wo ask why should the Legislature upon .suspicion of ( instance, advances upon a pledge ot the c
dishonor attempt to put fresh bonds upon the people like • using those advances in procuring a fleet v
the distrustful creditor would upon a fleeing debtor?
When the people of Georgia attempt to repudiate, when
they refuse to pay their taxes, then, and then only should
the counsel and aid of tho Legislature be invoked.
The Legislature of Georgia lias no right, to step between
the Confederate States and its citizens, to interrupt and dis
turb tho obligation of protection on the ono side, and sup
port on the other. The Government promises protection, the
people have agreed to pay all necessary taxes Jor the sup
port of that Government. This is the obligation between
them, not effecting tho relation existing between the State
of Goorgia simply as a State, and the Confederacy.
neutral (lags.
JAMES L. SKHWRD. Ch'm.
M. W, T.KWfcs
.SAMUEL IX KILLF.N,
SAMUEL STEPHENS.
£HP*The Majority Report on the sun*'
found on the fourth page.
will be
