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mm UOiuinOS, NISBET Si BARKIS Publishers and Proprietors. «, X. KOI fillTOSf, ) u,ijj 0 r*, J(> *. Cl. KSHBBT. $ (T{)c (CautVocratc Pinion I tMkhcil Weekly, in NillcdgcrUlc, Go., Corner of Haycock ami XV'ilkin*an kits., „np:>xitc Court IIvusc.) At $3 a year in Advance. BATE* of ADVI!KTi!«IAn. Per •’/'lore of Ocrtre tines. insertions! 00, and Tilly cents for eschsubsequeiit cnitiuunnce. L without (lie speciucation of the numliei ol i,n»rtion* willlte pubbsncd till forbid and charged a o, ..rJngl}’. p.j.>r I’rofessional Cards, per year, where they net exceed Six Lisis ... fit/ on oitract triil be mailt tcith /hone trho Irish /v rue A liner Advertize by the year,occupying a sjtecifcd space 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