Newspaper Page Text
febsecsn"fflaaggsjsJ
7 00
4 00
1 50
7 00
, 4 00
4 00
Rates of Subscription and Advertising.
-At a Conference between tbe proprietors of the
Georgia Daily Press at the late Ahgusta Conven
tion the following subscription rates were agreed
upon to be adhered to so long as the price of pa
per will permit, but they will undoubtedly have to
be increased in a short time :
Daily paper one year
“ six months... —
' • «• three-months....f.
“ one month
Tri-weekly paper one year.......
u « six months
Weekly paper per year
Advertisements.—One dollar for. first publica
tion of twelve lines or less. Fifty cents for every
subsequent publication^ Payment in advanoe" in
all cases. Merchants who claim a contract must
bo able to show it in writing. No order for ad
vertising will be attended to wiihout the money.
Obituaries and ail other private papers of the
kind will be printed at ten cents per manuscript
line cash accompanying the order.
orders attended to.
g J/oney*-—Nothing but bankable funds received.
Private scrip, county scrip, and ragged bills of all
kinds refused. If sent will be retained subject to
the personal application of senders.i
Remittances by Express.—Subscribers to the
Telegraph who prefer it may remitmoney to us by
Express without coat to them, enclosing .the money
in a sealed envelope, endorsed with the amount
contained and directed to us, and taking the Ex
press Company’s receipt therefor. -
FROM VICKSBURG. I [reported for the telegraph.]
Wo append shmo interesting clippings from': SPEECH OF REV. J. P. BOYCE
the Vicksburg correspondence of the Memphis' On the Endorsement of Confederate Bonds—
Delivered, at Milledgeville, April 1,1863.'
Mr. Boyco stated that a little over two
Weeks ago he received a communication from
HAOOJi TELEGRAPH.
SATURDAY MORNING, APRIL 4,1863.
Endorsement of Confederate Bonds.—We
publish to day a full synopsis oftho late-speech
of Dr. Boyce before our Legislature in advo
cacy of the endorsement of the Confederate
Bonds. It is a very ingenious presentation of
the case, and we commend it to the attention
of the reader.
DESTRUCTION OF THE BATH MILLS.
The loss of the Hath Mills by fire is a se
rious blow upon the press as well as newspa
per readers. It was perhaps the largest paper
mill in the Confederacy, and supplied six or
eight of the most prominent newspaper estab
lishments, which heroafter can procure an ade
quate supply no where else. We can see no
other alternative than for all the papers to scale
down and reduce their consumption to the
lowest possible point by rejecting advertise
ments and confining themselves to news mat
ter—condensed as much as possible, fn the
dearth of books this will bo a serious inconven
ience to our people, .who have very little re
course for reading already except the newspa
pers, which the loss of this mill will go a good
ways to destroy. Is there no way to start it
again?;We fear not, but if not, the public must
look out for dry times.
FROM FREDERICKSBURG.
The army correspondent of the Richmond
Whig, waiting on the 27th ult, speaking of
the probabilities of an advance by the enemy,
says:
Wo may judge by tbo largo army undoubt
edly in front, supplied and surrounded with all
the paraphernalia of war; its demonstrations
now and then ; the unreserved declarations of
their not very reticent journals and corres
pondence; their oft repeated ^attempts and
avowed desire to Capture Richmond, Hooker
intends to renew the attempt of his predeces
sors st no distant Ray. Had the ..weather been
fair, and the roads dry, and military operations
on an extensive scale' practicable since the
change of commanders, we would have b ep
better prepared to have coincided in the opin
ion. But the succession of rains and snow-
recurring every two or three dgys, have ren -
dered movements physically impossible. The
mud is deeper now than two months ago, and
the passage to and from any point with a ve
hicle of any kind difficult. It is useless to be
troubled with speculations when we have those
in charge of the management and direction of
military affairs in whom we um implicitly
tiust. Notwithstanding the privations insep
arable ftom its situation, the army is dajly im
proving in its morale, personnel, and general
efficiency. More than this could not be stated
with prudonce, though it would be a source
certainly of universal grat flcation.
Should this Hue continue the bsee of operations
through the Hpvlflg and Summer, there is reasons
hie ground to apprehend sickness tu this locality
and vicinity. The face of the country is strewn
with dead horses and half.buried Yankees, killed in
the battle, wbieb bave so far been preserved from
repid decomposition by tbeosceeslvely oold weath
er, end only await the fierce rays of the Hummer's
enn to hasten the process and vitiate the atmos.
iiju jfit wifli tlid tflftlftfiii* *
For the benefit oftho many friends ofdapt, T.
0.done,oftiisUtttbfleiwnin HvStivoi^orcngt
Meats, I would my, that some time since he de
manded a Court or Inquiry upon acharge informal
ly preferred by Oeo. Wright. The investigation
resulted most triumphantly for him, the Court bav
big honorably acquitted him. But for bis demand
bo investigation would have been had. Like his
distinguished father, Capt. C, "shuns no question,
Appeal, published at Jackson, Miss. The first
letter, which we give entire, reports the pro
bable frustration'and retreat of the Yazoo ex
pedition, and confirms 'previous statements of
the effectual destruction of both the gunboats
from Porter’s fleet which attempted to pass
Vicksburg on the 25th. They were, it seems,
the Lancaster and Monitor.
[Correapen deuce oi the Memphis Appeal.]
- .—- Vicksburg, March 29,1868.—
Nothing authentic has yet been received from
the operations on Deer creek, but yesterday a re
port, seemingly reliable, reached here, -that our
forces under Generals Feathertson and Lee were
driving the enemy out of the country, and, that
both the gunboats and.the troops were in full re
treat toward Steel’s bayou, endeavoring to make
sure of their safe return to their base on the Mis
sissippi before their retreat would be entirely cut
off. 1 have every reason to believe that this re
port is rrue, and that we may look for the return
of the expedition to the general rendezvous oppo
site this city. The fearless courage of our troop3,
under the skillful leadership of a Lee or Feather-
ston, enabled- them to put an effectual check to the
further progress of the invaders, and the result of
the expedition will prove a disastrous failure, if it
it bas not endangered the safety of several of tlieir
gunboats, and probably entailed a loss of several
hundred of their best troops. ' - •
Yesterday forenoon some heavy filing was heard
in.the distance, but no one could he found to ex
plain the cause. It evidently proceeded from
some point on Steel’s bayou, and may have been
the gunboats shelling some defenseless plantation;
or perhaps ameeting between them and our troops
might have taken place. On Friday night one of
the boats above came down to within range of our
guns, with a flatboat in tow, which she cut loose
and sent adrift, when she again returned to her
quarters above. The river being now regularly
patroled in the night, our pickets soon discovered
the object floating down, and upon examination
found it to be a flatboat, upon which the proper
signal was given to designate to our batteries what
kind of craft it was, and one shot was fired to in-,
form the balance of the batteries what was going
oh. It is said that a party of our troops: was sent
out to board the craft and bring it in to the shore,
which was successfully accomplished.
About daylight yesterday morning a heavy firing
was heard at Warrenton, which proceeded. from
Commodore Farragnt’s vessels going down the riv
er. Rumor has it that the floatboat which floated
by the city was a coal boat sent down to the com
modore, and that he succeeded in getting it, after
which he was ready to set sail down stream, bat
this needs confirmation. It is more probable that
the two boats engaged in prowling about the riv
er below, committing depredations on the planta
tion along the river bank, and shelling defenseless
towns like Warranton and Grand Gulf. Since Fri
day there had been a general expectation of an at
tack of some kind npon this city, and it is believed
that the enemy is planting mortars behind the tim
ber on the line of the canal to shell the city. They
are. greatly exasperated at the idea of having their
boats destroyed with so little ceremony as was done
on Wednesday morning, and they must wreak their
vengeance npon the city by some means which
will not expose themselves to our guns, if such a
place can be found within reach.
By a deserter who came over yesterday I learn
that the name of the boat which was sunk in front
ofifour batteries, was the Lancaster, and the other
is the Monitor, which is perfectly riddled with
balls, and is a total wreck. She is still settling in
the water, and will eventually disappear from sight
Yesterday forenoon one of the enemy’s trans
ports, bearing a flag of trace, came down toward
the. city, until within a short distance above the
bend, when a shot brought her to. I have not yet
learned the purport of her mission, and do not
know that we had any communication with her.—
Toward night it looked very much like war in the
city, and as if preparations were befog made so be
in readiness for an attack during the night.' These
precautionary measures admonish ns that our offi
cers are wide awake, and, that they have no idea,
that tbo enemy will go away without giving us
Whitt I : Nestor.
call.
A previous letter has the following in regard
to the action with the four gunboats; two of
which retired and the other two were destroy
ed:—r ' - -
wears eo.mssk.”
Tub Bmnsa Pfiggg on tub Ambhioan Qum
Won,—The London Times concludes an edito
rial on American aifaRs as follows; A. hand
will sooner or later be held opt to tbe South,
and when it is refused, as it undoubtedly
be, there will be no resource for suck bellii
ems but to part in peace.
[will
gerl
That, as far us tbe
is tbe present
^^H^^pcrt in pel
feature* can be distijr
aspect of American politics, A strong and in
creasing party, which is tired of the war, cm-
soots to let an administration committed to the
war carry out its policy by act* Of revolution
ary extravagance, satisfied in the meantime
that bucii revolutions will have little tffsoi, and
that its own principles will. bave a powerful
influence in determining events. That influ
dice must necessarily tend to a settlement of
the quarrel, and it is not likely to be impaired
by a tew weeks more of such disheartening
spectacles as the war now presents.
The Lomipn Times of the l'2th instant, in a
leader oh American affairs, remarks on the fact
that tbo Americans are constantly sending off
powerful armies to all sorts of places, andtfiey
seem to know and care nothing about them -
but North and South alike, look upon Vicks
burg as the scene of a decisive struggle. The
si ego in regular form of thip place will bo at
Elections in Likcolndom.—The elections of
members of Congress takes place in Rhode Island
and Conuecticut on the 1st of April; in Kentucky
on the first Monday in August, and in Vermont
and California on the first Tuesday in September.
If these four gunboats had succeeded in getr
ting by the batteries in'safety and connected
with those below, then the enemy would have
had a formidable fleet of six vessels, and no
doubt an. attempt would have been made to si
lence our batteries which command tbe riiouth
of the cSnal, and the work with the dredg-
boats might have been carried to this side of
the river beyond the range of our batteries and
a deal of trouble might have been given us. It
was part of a plan by, tho enemy, well under
stood here to get a strong force In that quar
ter to annoy us, while their troops were con
centrating or crossing below.
Yesterday it was reported by some that the
wreck of the sunken- iron clad gunboat bad
drifted down the river and been Ashed up by
the Albatross and towed to shore. It wont
down headforemost and sunk out of sight In
deep water. Some sensation maker afterwards
found out that she had stood on «
machinery rolled out, when being
her weight, she righted and cauie up again,
ft'ter winch the Faiugut vessel catno up am
took her in tow, Tills nonsense obtained be
lief by some of tbo verdant newsmongers, and
1 was sorry to see that, suob rldlculime jmt>
Awst'Bf-rri mr-waii CBTfiM m> • ■
lisiniy mosswifnrryaiifSTgohooli to~loafo
common noose, if imthiii/, oImi, whs -drily frit
in Vicksburg.
. Our artillorymeu did some of the most splendid
shooting that has been withered, perhaps, siriee the
war oommeneed, Tbe proeislou with which every
ball was hurled against tbe basis, and the fearful
eflieet produced, establishes a reputation for our
S ooner* which will be a honor to them ss long m
hey live, and s credit to the Confederacy for such
energy and skill employed In her defense, All the
guns did equally well, and I will make no invidious
comparisons by singling out nny favorite ones.—
The only fault was that some of our smaller guns
were too light to make any impression on the iron-
sides of tbe boats,but some of our large outs "took
'em" handsomely.
When the boat which was worst disabled sunk,
a general feeling of regret prevailed that the oth
er should escape by being towed out of reatf i, 0 f
our guns. It-affords me great pleasure, however,
that she too, bas sunk, and, with her consort, is a
total loss to the enemy. The Albatross towed her
down behind the island where sho was lodged close
to tbe Louisiana shore, and apparently entirely
abandoned. Yesterday morniug tho report reach
ed bote that sho was filling and settling in the bow,
and.I believe her condition could bo seen through
a glass from town; and later in the day tho infor
mation came that her Uqw had become entirely
submerged, and the whole craft slipped flown into
deep water, leaving only a small portion of the
■Cera exposed on tho surface. - ; ; -
It will thus be seen that both of these boats are
now in the bottom of tbe river; and -all was the
Work of oar'men before breakfast.
most as interesting to military men as that of prevails or
S-hncirmnl . —l-Qursucoess at Cjrerypoint where we are likely
® .{to be assailed, With all classes and all departs
ments of the jjoyerninent. Tho writer adds
that it is understood in Richmond that tho ad
ministration of Gen. Donolson in East Ten-
the Secretary of tho Treasury asking him to
act as agent of that department, to present.to
the different Legislatures tho subject of
State Endorsement of Confederate Bonds—
that thereupon he visited Richmond, but see
ing that tile Georgia Legislature was called
at an earlier period than had beerLanticipated,
he had.spent but two days in Richmond,: and
had had:but little opportunity of communica
tion with the Secretary of the Treasury—that
the views presented, therefore, were rather to
he taken simply *as the expression of his own
opinions, than of official information, lie felt
it due to state these facts, that tho Secretary
might not bo held responsible—that it might
be seen also, that his mission was not confined
to a single State,but extended to-all which had
not yet acted. The object of that mission was
to give information as to the nature arid ad
vantages of the plan. He stated that on his
arrival here, he had learned that this informa
tion had. already been given through the cor
respondence from the Governor of South Ca
rolina, and that a bill was about to be reported
accompanied by an able report on this subject
—that under such circumstances his mission
was:measurably accomplished, and he should
hive left but for tho invitation received from
several members to. make an address on this
subject. .
• He said that the State of Georgia had ever
been marked by wisdom, patriotism and gen
erosity—that if he had come-to ask a boon for
other States, he could have relied on Georgia
to grant it, even at self sacrifice. That coming
from a State which two years since had made
a fearful leap into the dark, and look to Geor
gia for support and was not disappointed; and
with his heart filled' with emotions as he re
membered that from this hall had gone forth
the material aid that had comforted and sup
ported his native city (Charleston) whea laid
in ashes in tho face of tho enemy—-he felt he
could look for anything that regards deter
mined action and self-sacrificing generosity.—
But he came to suggest what was equally to
the interest of Georgia as the others—that
the destiny of all was common, and tho inter
est of one the interest of all.
.Three things had been essential from fhe Be
ginning of this war—men enough—food
enough—money enough. Experience has
shown that we have tho first; the patriotism
of the country is about to provide the second;
it remains to look after tho finances. The war
debt was fearfully accumulating. At one time
it had been our boast' that we had spent only
$15,000,000, while our opponents had spent
ten or fifteen times that amount; But we find
that the debt ot January last was $555,000,
000, tba$ by July it will be about $900,000,-
000, and to January 1,1864, tho amount will
reach about $1,3011,000,000. To realize what
this vast sum is—it amounts to tho estimated
value ot the property in Georgia, Alabama and
South Carolina. Even estimating that the tax
returns only give one third pf the. value of
property, we have thus far spent an amount
equal to (he value of Georgia. Tne increase
at the present rate is $2,000,000 a day. Here
is an evil, and these questions arise—can we
reduce that rate of interest—can we stop it at
the rate already attained—caa we in an any
degree diminish his war debt ?
Another evil is the depreciation of the cur
rency ; 1. As compared with gold. Ib Sep
tember, 1861, Confederate notes were about
equal to specie. Before December Specie was
at 20 per cent premium ; before April, 1862,
it was at 50 per cent; before last September
at 100 ; before December at 226 ; before Feb
ruary at 280; and now at 360. Bank bills
were worth in December 25 to 30 per cent,
premium ; now they are worth 85. 3. Sterling
Exchange also shows the depreciation. Ir
September last the premium was 110; in De
cernber 200; now it is 400. This depreciation
Is an evil to all. To purchased it brings high
prices indeed for what they raise, but also for
what they buy, and they aro liable to charges
of extortion. /I’d’ consumers altogether, who
have a monied income, it ia fearful. A salary
of $1200 is not worth $250. The misfortiino
of the Government is that it is altogether
consumer, and buys now at high and appre
dated prices, giving promises to pay which
must hereafter bo redeemed in gold and silver.
If any inquire the causes ot depreciation,
the first is that the issues of tho government
are not redeemable in specie. Were this so,
they would oven command par. The second
is the want Of confidence which acme hare in
the success of the government. However
much to bo blamed, such a feeling is constant
ly permeating financial biroles. It prevails
abroad, also, and injures the credit of the
fered, making the loan, a safer one, by giving
what was equivalent to collateral security. ‘
But the risk of the loan was still great, be
cause dependent alone upon tfio power ot the
Confederate Government. Such risks, does
not attach to the State endorsement. The
bonds would sell higher—the-price command
ed would be from 90 to 100. i’ho reason that
Europeans have confidence in tbo States, and
m t in the Confederate Government, is that the
States are permanently established. The Con
federate Government is not, and may fail of
final success. Or, if formed, it may go to
pieces, as did the United States. This is then'
■ear. But a State has that permanency which
_hey*appreciate—which can never be changed.
Hence a State endorsement would bo pregnant
with confidence. Suppose now thpt a sale is
made at par abroad of $500,000. At the pro
sent rate of exchange it would be worth hero
$2,250,000,000. Suppose the rate of exchange
_ >• go<
orntnent there. The third cauae ia the refiun
daticy ot tho currency. The amount of money
in circulation in timo of peace is about $80,-
000,000; tho utmost that can circulate now
with safety is $160,000,000. In January lost
tho amount was $390,000.000—now reaching
$600,000,000, and by tho urat of January next
it will reach $1,000,000, unless some remedy
be devised, or the debt be funded foster than it
has boon In thy t’lftli, W H
will interest money or debit} bo worth f Tho
debtor will then be found pursuing tho credi
tor, who will fear nothing no muon as tbo pay.
went el his debt.. Then other questions arise
—can this redundancy be chocked f can it bo
l Dfiilf'MlI I
roduesd. ,
Tho measure proposed meets all those ovllg,
ft Is that the States shall endorse to tho amount
in tho aggregate, ol $160,000,000 of Confede
rate bonds—these bonds, according to the not.
to bear interest at (J per o<nt, - It fo thought
that thefie bonds will bo sought by capitalists
even at this rate of interest, and tout a liand-
gomo preroiuto will bo obtained. It go, we
will bo able to absorb tho currency, to reduce
tho interest, und to diminish even tho volume
of tho debt. Tho plan is based upon the well
known fact that tho State securities command
high premiums In the market. Add to them
the Confederate, or unite them rather, and a
still higher premium will bo commanded.—
Thus, if we can got 160 for every 100 dollars-
a sale oi $500,000,000 would give tho govern
ment $750,000,000, andyet leave thorn in debt
only $600,000,000. With an annual interest
of $80,000,000—an' interest, of 4 per cent on
what is obtained. But if sold at $120,000,000
and no capitalist will deny t:.is, we get $600 -
000,000 for $500,000,000 in bonds, paying $30-
000,000 of in teres tr or. 6 percent on the money
Wo realize. f Ph« hncrownn — z
The truth ia, however, they can
command the higher premium. A member of
ono of tho first bouses. in Charleston, affirfed
150 ior $100,000 of them.- Frequent applica
tions, too, havo beenmado to know whea tho
V- ^ „ .1 : 11 l _ ■ 1 /-I
State
also will they go up with those of the Confed
eracy. A bond of Georgia is now worth 150
and gold 450. The present value of the bond
is therefore only 33J cents on the dollar. Sup
pose the value of Confederate money .to ad
vance so that Confederate notes are at only 100
percent discount, or two dollars must be given
for one of gold; though the State bond bo
then at par,-instead of 150, it will be worth 50
cents on the dollar. If Confederate notes can
“ Green bethe turf a bove thee
Friend of my tar y days.
Nodo knew thee but to love thee
None MBUff tbee bat to praise ”
Beset A. Youse, aged *7 year-, aecond
ward H. ai d Ana f. S'oling, „i Jiufanla ai.k“ ^ it
killed In tile railroad accident at chauktv iTi?’® 1 . k
on the H orning of February lath, letg 1 vtr . Hi,
The deceased had been In the service' of hi.
for aboat a year, under lieu. Kirby Smith .7J t< Hfc
Tennessee. ThU General htvieg bten
oi the Mississippi, Mr. Xouag was InetnmSG? 4 S
iorduty at Alexandra Li, ui i>ursu»raG?r tot «-
T«f f Ma fiAfttti a-.rttTf*
be bought still nearer a specie basis as this
v - al... Ct.lohan/1 TXT til Worth
scheme proposes, the State bond will be worth
yet more. The most of such bonds, however,
are held only as investment, and the parties
owning them are more affected by the value of
the interest they receive than by tho market
value of the bond. This is true ot all^who are
not speculating in these bonds. Now the
course proposed is fitted to make that interest
far more valuable. The interest on a $1000
bond of the State of Georgia is $70, paid, as
fails to’lOo’per cenUnstead of 450 per cent. It I elsewhere, in Confederate money. This will
would give us $1,000,000,000—which wou]d buy a barrel of flour. . But if the^currency of
take up itll tho debt to January next, leaving
only, tho $100,000,000 loan, the $r5,000,000
and $150,000,000 of circulation. Tho whole
debt would then be $765,000,000 instead of
$1,265,000,000—and the iatcrest would be
$39,200,000, instead of probably $100,000,000.
It may be suggested, however, that the same
result could be produced by heavy taxation.
It certainly could if such a tax be laid as will
cover all the expenses of the year which cannot
be funded in the ordinary form. But can the
people stand such a tax? The annual ex
penses of the Government are, by this year’s
estimate, $746,747, 212. Of this they may be
able to fund, say $160,000,000, an amount,
however, greater than has been funded alto
gether up to this time." This would leave in
round numbers $600,000,000. The war tax of
last year, levjing i per cent upon all property
fell considerably' short of $20,000,000. Ac
cording to this rate a tax to meet this exigency
would havo to be thirty times as large, or at
the rate of fifteen per cent on the capital or
property of every man. The prosent Congress
is about to levy a tax as high as can probably
be paid, but it will fall many, many- times be -
low a tax of fifteen per cent. Even such a tax
would not improve the currency, but would
only prevent it. from getting worse.
Mr. Boyce then proceeded to meet some ol
tho objections which have been argued against
this scheme.
1. TKdt the Bonds thus furnished would he
sold to a few favored individuals. So might
be any of the securities of the government,
unless tho honesty of the Department, pr the
act of Congress forbid. Iq this case Congress
has ordered, in the act just passed, that they
sha'l be sold to the highest bidder.
2. That it will centralise power in the Con
federate Government. The good book tells us
the borrofver is the servant of the lender. The
States really by . this gain; as it were, a new
power to require Congress to listen to their
suggestions and interest in the credit of tbe
Government Besides, nothing can show more
plainly the separate sovereignties of the States
than the fact that their credit is. asked for as
distinct from that of the Government. Here
after when Constitutional issues arise, if any
should on this point, the advocate of State
sovereignty can point with confidence to this
very action as showing both in the past of the
Government and of the States their conception
of their true relations.
3. Another obligation is — jLeaving to the
States to provide for what they have Endorsed.
If.tbis be true, wiat essential difference does
it make to the citizen if he has to pay a cer
tain tax lor the debt of tbc-Go vemment,'whcth
er it be paid to tbe State or Confederate Tax
Collector? Beside, the true State Rights
theory of raising money, is, that the money be
raised by the State upon requisition for her
quota.of the debt. The plan would work so
inconveniently, however, that it has not been
adopted. Since the burden is laid on Congress,
upon Congress would it remain, and one of the
grounds oi tho advocacy of the Alabama plau
which guarantees the whole debt, was, that i:
the States become bound Congress would not
dare to refuse or neglect to arrango for it
that while demagogues mightstrive to repudiate
the whole debt it no evil affected their own
constituents, they would bo afraid to throw the
burden of action upon tho States when tho
honesty of their own Legislature might ar.
range for tho portion of dobt due by that Stato
at tbo same time that portions of the debt
would remain unpaid, owing to the neglect Ot
oilier States. No one would dare to risk tbo
hissing and passionate scorn, which would bo
awakened among his constituents, who would
see that through his action, though they had
paid their full share, tho Government was dis
honest.
4. It is said that there is not capital enough
in the country to retire $600,000,000. Oapi
tal 1s not simply money in bank, or in hand.
It is property of any kind. If there bo prop
erty enough in the coufitry which tho Govern
ment has to purchase, there is enough capital
to retiro the bonds, which it might give for
property. But in reality there Is money
enough. Tho circulation of Confederate notes
is now over $300,000,000 moro than the nco
octalty of thoeountry requires. By January it
wtjrbo
the Obnlodorato Government. Surely horo is
uiu uuiiiuuoraio Government. Huruly horo is
enough capital to. rotiro $600,000,000. Tho
truth Is, money isnow so abundant tliat inany
ojcouao tiiemaelvea from motiving payment* for
liebts, boeauso they know not how to invest,
and by January next this evil will havo fear
fully increased;
. h /«inlet abroad, where eapUal it abun
dant, bonds must bo sold at a dopreolation. It
has boon shown that though tho sale abroad bo
less than par tho amount loallzod Jure heoiuM
of theprico of exchange, will moro than double
the par valuo In this country. It may be ad-
aed that this Is the reason for making tho
bonds there offered of such a character that
the depreciation will bo as little as possible.
It is a reason why wo should not sell 8 or 7 per
cent, bonds, endorsod at 60, when 6 per cent,
bonds wili bring 00 to 100.
0. It Is feared that by this, dilate credit will
hurt. Ho would ask the question here
which he bad askod in the Legislature of South
Carolina. Does the Stato need htr crodit?—
Does slm wish to Issue bonds ? If so, is not
that credit already affected by tbe fact that f lic
owes this largo portion of the Confederate debt
Justus much.as though-Bho had assumed itE
Vvliat is really meant is, not that the o.rodtt/of
the Statu will lie effected, but that her bonds
will doprcciato in the. morftet. It oan be de
„ monstrated that Gils’ will not be the case. YVhat
Y can is thpJwarfStandard of value? Gold and silver,
bcrjftt Confederate notes aro not. Now, it is true"
MrfZSf that if the value of State bonds in Confedo’
the country be restored to the 'condition it was
in two'years ago, the only difference between
the value of flour over what it : then sold for,
would be the scarcity of the article. A barrel of
flour would now seif in gold for $14, and for
$70 ona specie basis, the purchaser would get
five barrels instead of one. The nearer this
basis as approached,. the more would be ob
tained—two, three, four, cr morn barrels, ac
cording to the specie value of Confederate
notes.
In addition to all this, it must be remem
bered that after all, the State owes her propor
tion of the public debt, and is morally bound
for it; and to be morally bound is ail that an
honorable man requires. A man’s word should
be as good as his bond. And the debt oi tbe
Staten given directly by them to pay for rail
roads and buildings and the support of
families of soldiers, should have no preference
over that due by them through their common
ag'ent for defence against the enemy and the
support ot our armies in the field, and pay-
ment to our hard fighting soldiers for their
services. I
/Cho last objection to be noticed is, that this
measure will alienate capital from allegiance to
the Confederacy, and lead-them to desire re
construction.’ It is acknowledged by our op
ponents that this objection does not bear with
tho same force against the scheme proposed, as
against that of tho endorsement of the whole
debt. But it is proper to say a few words in
reply to it as against either. One great mis
take of the objectors is, that they take capital
to be merely money on hand. The capital of
the country is the whole property of the coun
try. What they mean by capital is tbe money
of tho country. If at), however, we have no
reason to fear, for that mosey is in the hands
of all, and is a debt due to any man—each
having a five dollar Confederate note is a cred
itor. Is he to be made a traitor because the
Government tries to make that $5 better than
it is ? Is he not more likely to become so by
tbe fear that it would become worse, or that
circuthstances may compel him to receive a
larger amount of this depreciated paper,
this effect be produced on one man, will it not
be on the mass ?
’ r But it may be said that it is the holders of
Confederate bonds to whom reference is made.
They, however, aro but a small portion ot the
community—a mere handfuL What influence
can they havo as against the masses ? The
charge, however, is unjust as regards these,for
they are the men who havo shown full confi
dence in the Government by tho purchase of
its bonds. There are men who sold all other
stock and took frorq tho . government its bonds
at par at the beginning of the war, when oth
ers were buying Stato Stocks, and predicting
that Confederate bonds must depreciate. Are
such men tho material from which treason is
contracted ?
If these were men of different feelings, and
if tney wished to secure the debt due to them
at the expense of our liberties, they could not
better attain this end than by allowing our
finances to continue to decline. It is well
known that the North would. gladly pay our
debt as well as theirs if we would reunite with
them, and to tbo North, rather than to the
Stales should such men look.
The spirit of our people is such that the
States will be worth nothing after the war if
we do not succeed. Wo will be ruined rather
than fail. Those who will be the States after
such an event will be tho Yankee hordes who
will occupy tho soil on which wo have pers
ished. This debt would be repudiated by them.
But lot our finances be ruined—Jot food and
clothing continue to advance, until our sold
iers find their families aro starving and naked
—they will return to attend to that first of all
duties, to provide for thoir own households.—
Then will bo demagogues ariso to counsel re
conciliation. .Until then—never—never. And
wo can avert that period. Only selfish, trai
torous capitalists will wish it Patriots will in
wisdom try to prevent its coming, with its
fearful array of famine, desolation and destruo
tioii.
Such Is the scheme and such the objections.
If tho latter be of no force, and if the scheme
bo ono which will confer such benefits., ought
It hpt to soenre the Kunnort irwmw
■ ■muanuTaH tsy those Tainlllar with finance-
urged by the Secretary to whom tho moneyed
interest of tho country are aubmittod, and has
sooured the sipport of Congress, and the ap
proval of financial mon everywhere. If there
bo any doubt—union* ono Is convinced that
It to a bad plan, it should secure at least a *(■
lent support, it ia commended to your eon*,
slderatfon, and will doubtless receive the at-
tont on justly to bo oxpectedfrora the wisdom,
patriotism and generosity which has over
marked Uu.i Stato.
The address was listened to with marked at
tendon by a largo audionco. Tho abovo report
is a full and caroful synopsis of his arguments
and statistical estimates, Mr. Boyce, who du
livered this addross, is not tho Hon. W. W. tKJRTe Ml
Boyce, a raorober of Congress from South Car
olina, as many of our members at first sup
posed; but>.the gentleman who introduced
on the other hand, that we sell-abroad. The
Department has information that 8 per cent
unendorsed.bonds .wjll.sel! at 60 cents'in the
dollar. Upon this* Mr. Boyce said Re based
w aqu— his calculations. It is well known that the ^wu>u m ,, me credit of tlio
■- Li more promising fhan any we French loan, though only 7 per cent, brought States wne not linked with that of the Oon-
have had in tho past.” • f 77. This was owing to the fact that additional Xederacy; since that is so, however, the value
rate notes bo the.estimate, by any moans that
the cntrunny ia battered and these notes n..-»do
Confederate money is appreciating. Tried by
tho standard ol gold and stiver the bonds
maintain tbeir original position, or aro better
ed, whiie Cotifederate money has improved.
Tnis would bo tbe Casa if the credit of the
and advocated the,South Carolina scheme in tho LoiiVU
Legislature of that State, of which ho is a
member from tho Greoneville District. Ho is
tin- Rev. Dr. Boyce, aclergyman of tho Baptist
denomination, and is at tho head of the theo
logical seminary of that denomination, located
at Greeneville.
QJ20IIGIA, WORTH COUNTY: ■
OrdIi»*-»-y*a Gmcc for said County,
»V deron? the estate ol Jamoft F. Adams, deceased, i
without a representation, and no person having $uwSei
lor Letter* of Administration on said ~**acp; and that
©bitaarg.
met bis team as a^ove
Having been nurtured la tbe lap or nietv . .
tbe value of religious precept and iiamnlt l!|
oujusc .uai. d uimu in early ur« ,h :
iinbioed the precious doci riDes of tie bibt»I
the Mete odist Church in hnCtula. ia the.-vi,,-.
and thenceforth through an the slippery d*jjT* "S
led allied taemplaiy pie.y. 'lhe tvrlLP, A 1 K
known a. youth of purer cnaractcr, or & A;**-*-!
unwavering Christian, rltsctaracter lor
runaikible. ho considciatiou ol pertoiwi "tA
tion could swetve him irom ton patn ,
Wnether at home, or abroid, in the nol,«
amijet tho excitug scenes ol sccnWiSSiS
maintained his religions prlncip.es unto Lui u =■ I
was marked uy no temporary tn.hasiasa. u - t lJ|
cat oulburct, no fluctuating instab lily h.7. 1*431
one of that lfrh*. which “ehincth brietu! r “V e *.:,l
unto lire perteetday." h or did he be;os*to
prownsor? \v_< so religious obligations ■—J
upon them as to bo tnruwn aslue by forri
stances, bat his talrh looking beyotutt., <ll vl
tiaic to the stern realities of mat hear
actions must undergo the severe scratmy a7? t; -' I
Judve of “qaickana dead” embraced kimiv l JI
ilexrb.e tenets of tho WOrdoi Truth .,<1 ,. I
the Beauty of the seme in aU bis acian.
lent of uis hi h-toned piety exerted 'L,l
- —itoii*r' ' .a
jjuwww* *KUUijriuc. hhxo AOJU.it.ncc Itliu
five long alter his mortal body shad b*», „ 1
with its natrvedust.
Though his Piety was doubtless the
nis Dr l,riant virtues, it Was not his only
conspicuously. As a eon, brother auu tn •»!
wurtn was beyond praise. Few m -„
iatner and mother withmorestrupuiou..,,, t **i|
tew have enjoyed in a larger degree the I
lideute of parents m retain. u,<! f
fiiB highest etfiogy as a run ::ks be-.n um . I
his wo filer,-* ho said—” T here i.' lint a b ]
pleasant thought connected >utn r js'wiuSe^,,**
lore fur home ana its sac.ed suriOirinuii7‘» ” M
a principle as strong as l fe. n c «\T° the1
dependent on toe out ice world lur tee
contentment and happiness, as u hts
mind and pol.sneu m inners,’ there' ci”, ^^**1
cred as home, no tociuty so dear os ih f mj.'ti 1
His eduertf n, too,was com nets. Po-c.,,
or natural strength, no edict was sound^'"'
well with use.ui ano p.acttcai rtto , iu c ■ , *1
Joyed fine advantages at tu. b. si g , “ , **- L
leetaal energy ana vigor eimbiui run n,
mastery uv r the languages amt scitnc- L V'l I
a-laer the Denetii ol exunsive t.a.e.o n, l ‘»l
try and in Autope, and an eb.-ervutiou Uut' n, 1 . 1 *!
Ject unmvesiigaud. Yet me mniua- .
only y rope, ly appreciated by tm.se
well, for with hte retiring disposition
On theftthoi Jdu .lbbd, be was united uL,I
With Miss Maria Mctt&e, an accomplishes .Tjl
lady. Of Barbour County,’
illumined with many endearing dopes
prospects, AH ol w ith, alas: bave baa SB
blighted by his melancholy aea h. '**•
Air tunt is inoual Of Henry A. Youn<> I
neath the sod at Jturaula,aruid tu e desr foniAT? I
of nu bojrmod’s sunny jensT ’weftldlSfiS'SlI
, “ ocasAsajr jvAio, Uc Hill iLBItfi rwi I
the Aral fljwera ol Spr ng cpmo buisiLie iwLI
wintry beu, and the fl.st Jcyo-s csrnTV u,21
Henry, lit Peace I The memory ot tty bnCmml
tiful fife, wifi never bn forgot.en. ana Uamil
tion of tnv virtues Wifi ever stimulate os
piety and love.
“ Brother, thou art gou= to reel
Thy toils and cares aie o'er,
And sorrow, pam ai-d scffcruigiK.*
Shall ne’er distress thee mure.
Brother, thon art gone to rest,
Thy sins are all forgiven.
And saints m l.gbt h .ve welccmsd un
To share the joys of Heaven."
April 4 t. 1. Jroa I
Advertisements must be Drtit*
Pt«UC SALE
Of a handsome House &tirou
W ILL be sold ia lrontof the Court Hon* i
f - - ' '
Georgia, on llrsl Tuesday in April, um L
house und grounus known as tne late mihau e
M. A. Franklin; the situation is a beauluti e
overlooking the city, river and surromuim.
the House is large and commodious, with >ii tat
out houses; and the grounds, nearly lour wifc.fi.
well laid out and planted with a large nran t
flowers and ebrnboery. It is seldom thu mi
tablishmem is offered for sale.
Terms, either Cash, or such credit mhet-tn
may desire. j._S. WUliS
March 17lh, 1S63. For Aunio« .
Savannah Kepublican, Charleston Coiner, nrl
Constitalionsiis and Columbus Sun, w,rlp!fc-.f
3 times. mull-:
LANDS, LANDS, LAMsI
VJ.U50 ACHES.
in April next, the following described Lanu. J
in ware County, Georgia, oeJonglsgto Urucrlal
late lioht. Collins, deceased, ]
3l
101
100
09
BSC., D8T.
2 11
490
LOT no
62
i
n
490
61
l
u
490
49
i
u
490
43
l
u
490
46
i
u
490
40
i
ii
490
47
i
u
400
89
i
u
4*0
8H-
i
n
4*0
17
i
ii
490
90
r
■fl-
490
14
i
490
0,116
The sbeVo Land* art located la tho Cow* £
audcaarltoii, Is this mate, boat tbo CmW’
FatUm wishing to mtko proauii.’?
mMloubt be amply rewarded by AUefldi
8w»W tin.’, MufUjiyloof* “' *'
Central Raff
i
O N And .
mill
Chauiio ol ttcliciiuiC'
alter I ~
. Bond
ii ns fol
Sunday, April Mb, ttt),'
Brabchoa t *
to AlftM
ton will rou m follows:
DAILY DAY TRAIN,
Leave BavauBnh 0.0J ». u. Arrive to Maw 1
Leave Macon 0,40 a.». Arrive to *»v»m»
DAILY NIGHT TRAIN,
Le&vo Havannah 4,00 p. n*. Arrive I
Ltrovu Macon 740 p. m. Arriv*to
ACCOMMODATION TRAIN,
From Savannah to Milloo, eenneeUu iff
NtoM Train to And from Aegnrts, btflu< c c J
Leave Savannah 740 p. a. Arrive at i
Leave MiUent0.40p.in, Arrtro at eav,
AUGUSTA BRANCH.
TWO DAUT Tanks BXTWSXK ABO tori j*
Leavo Augusta 8.45 a. m. Arrive at
Leave Milton M3 p, m» Arrive at AjBgfi
Leave Augusta b.uj p. in, ArrivtitHM
Ansi
Milieu 2,30 a. m. Arrive at Mp !U
GOKIXJN es RATONTON ■t#*®'
in teruits of the U«* Ada
non will be vested in
.. - , - -ourt, or Borne other fit and
propoif person on the flrat Monday In May next. nnSS
some valid Objection is mado to hi. appointment 3
Given under my official signature, this March soth
J. W. ROU8B, Ordinary!
1863.
(mar 26j
r\ BOHGIA, WOHTn COUNTY:
Vi. Ordinary’s Offir
These are therefore to cite and admontoh^t^H *
gular the heirs and creditors of saiddectmsedHo hi ol'w
appear at my office, within tbe time pi “cribe’d bt
granted^ Crtl!se ’ Why ttoSltetSSSSSS&aJff
any, why said totters should no the
»
Leave Ea'.onton 11.60 p. m. ArrlvsitG*^'
Leavo Gordon 8.60 p. m. Arrive atSds«to» u
Fassengers for Augusta .from SaTiomh
by either train will connect with bo. Ca.
Plasieugcrs for MffiaflMMUe And MA m
tho Hay Trains from BavAnnib OS* Aortw^
Tnfins^EqTAQB^. ,,U„, h and Acjo
Western B. H..« Macon to
Stria, Fort Gaines and r—>n»fiatol
Macon and Wcsietn ft. a. to Atlanta
Day Traio» -onnect at Macon with
Musens-« R. ft. to Columbus, Montgomert,
.a bou-h West.
apnl 4 -dtf GEO. W. ADfiUh,
/1KOKGIA, CRAWFORD COU.NTY: j
Ordinary’s Office for S
Whereas Jaeon CaBfieberry petitions uv. ■, c;
for Letters of Adoiinistratiou upon tW :
H. Jeukics, late of said county, A*
These are therefore to cite md aamc^-
aingnlar tbe kindred and creditor 0 ; 3 .o
he and appear at my office, witlffi i“ e v?L, si
by law, and show cause, If aif “’’I
letters should not be granted
Given under my official s.'mM Qr '?.
1863. [april 4] ,-. .
SkMAifi
nEORGIA, BIBB COUNTY-
« Sixty days after the #*£,*^1
be mad.; to the Court of CVdtoaD
real^ate of CoriUa -
allli
rt'^j
■ ,11th
tKORsj
l^fcer,
‘ 41sail;