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The Daily Dispatch: September 5, 1863., [Electronic resource], The French Assignats. (search)
tcy. Three most important papers have been lately published by officers high in the favor of the Government and the estimation of the country, upon the subject of our financial condition. We allude of course to the letters of Mr. Memminger to Mr. Hunter, and the statement of Mr. Tyler, Register of the Treasury. Mr. Memminger tells Mr. Hunter that $150,000,000 currency is as much as the whole Confederacy on both sides of the Mississippi can bear, (not as much as it requires, observe, but as muMr. Hunter that $150,000,000 currency is as much as the whole Confederacy on both sides of the Mississippi can bear, (not as much as it requires, observe, but as much as it can stand up under;) that he has set that sam afloat in the countries west of the Mississippi, (that is, he has given them a currency whose volume is equal to the capacity of endurance possessed by the whole Confederacy;) that on this side of the Mississippi the currency is $392,000,000 and a fraction, being double as much as the whole Confederacy, including the States west of the Mississippi is capable of enduring. The whole currency on both sides of the Mississippi he therefore estim