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WYTHEVILLE DISPATCH,TUESDAY, :::::::: .TAMUAKY 13, 186J5Finance.The Confederate Congress will assemble on Monday next. By far credit. We hope therefore in viewfederate States, for we are all in the same boat, and must sink or swim together, are bound for their re- J demption. Best because in making I ^ a safe investment he would be aiding lt;the Government and sustaining its ithe most important measure likely of all the circumsianc.es surrounding j, to be brought before that body is us to see a bill introduced in ourthe one of Finance. There is a re- Congress, to fund the debt of the dundancy of currency—too much Government. If such a bill is pas-paper. Our country is flooded with sed, confidence will be restored, paper money. Something ought to done to prevent depreciation. GoldIis a merchantable article just as ourlegislature of Virginia.This body organized on Mondaycrops are. By inflation or depres- the 5th inst., by the election of sion in the money market the value Hugh Shelley, Esq., of Augusta, asof gold ebbs and flows as the tides. Speaker. Business of vital impor-The immense yield of the Cali for- tance will occupy the attention ofnia mines made its value uncertain this Legislature. It will be the and the standard was lowered. It most important in results that hasInis been suggested that Platina be j assembled since the year 1812.substituted as the basis of our currency. The more rare the metal the higher the value in merchandize. Ilence when you depress the standard you elevate the coin, the basis of our currency. It is evident there is too much paper money in this country. Property has no certain or fixed value. Money is so cheap that fabalous prices are asked and received for almost every article of necessity. Persons are afraid to receive our currency in payment of debt. Something ought to be done to remedy the great evil of want of confidence in the currency of the Government. There is no reason to doubt the value of the currency. We noticed that last week a proposition was made in theVirginia Legislature to guarantee Virginia’s portion of the debt and inviting the other members to take similar steps. This will make Confedetate bonds the safest investment in the world. Our monied men ought to come to the relief of the government and invest their surplus funds. We have not yet matured an opinion as to the policy of our Republic on the question of Finance. It is a question that has disturbed the minds of theConfederate Senator.Tuesday the 13th inst., (to-day) is fixed on for the election of Sena-! tor to represent Virginia in the Confederate Congress.mediation again.The New York Herald asserts in an article that the Emperor Napoleon has again proposed to England and Russia, to join him in arresting this unnatural strife in which we are engaged, If they refuse, then Napoleon will act for himself. The manufacturing districts of Franco are suffering for cotton.Writing Ink—We were presented by Mr. V. Colliau with a bottle of very superior writing ink, manufactured by himself in this place, we are satisfied with the trial we have made of it and can recommend it as a first-rate article.A tcri iflic light between (lie monitor and Okl Neptune —the monitor Mink with many ol her Crew.The famous Ercission iron-clad steamer, called the Monitor, has fought her l$st fight. Henceforth she will, like her celebrated adver-, sary, the Merrimac, which came so greatest men in every age. It is a near smashing her in Hamptonquestion of the first importance then in the infancy of our Republic to take the proper steps.Roads last Spring, be a thing that was. After a long rest she put to sea theotherday to measure strength with old Neptune, who brought oueGold is now worth $2.00. 'I here 0f hj8 fierce Hatteras rufliers to bear is no necessity for this except the upon her, and after a brief but ter-redundancy of paper. We incline i nble struggle she had to give up the1 ghost. Down she went into thatto the opinion that our public debt j recptacleof shattered bulks,ought to be funded. This will re-1 Davy Jones’ Locker, and with herwent down 32 of her crew. Thisnews reached here from a reliablelieve the market of paper money andraise its value in proportion. Con- ,, , ,, . .. r . i source early yesterday forenoon andfederate bonds would be the safest, satisfaction, for it is at f A 5 — _ /v n t 4 n 4 I \ m I 4 1\ 1 a • _ /“• Iand best investment for the capital- prevalent propensity of our people jst. Safest because the whole Con- to rejoice over Yankee losses by sea
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Hillsville Wytheville Dispatch
Hillsville, Virginia, US
Tue, Jan 13, 1863
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USA 21 Jul 2019
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