The Treasury notes and the Banks.
--It is generally known that the Secretary of the Treasury
of the Confederate States
has been disappointed in making the issue of Treasury notes announced by Congress.
The plates prepared for the smaller denominations, which the Banks of the country agreed to receive and circulate, have not met the approbation of the Department, and delay must of necessity ensue.
In this difficulty it was suggested that the Secretary
might obtain from the Banks, for temporary use, Bank notes not required for their own purposes, which would afford the usual tests of genuineness, whilst a Government stamp upon them, under an act of Congress to authorise it, would give them the character on Treasury notes.
This measure is deemed by many entitled to earnest consideration.
Whether this mode of meeting the exigency is practicable or expedient, we will not undertake to say. If practicable, it would require time.
Under the circumstances, the Banks of the city have concluded that the Treasury ought to be provided with immediate facilities; and at a meeting of the Presidents
and others representing them on Thursday last, the 23d instant, it was unanimously agreed to offer the Confederate States
a loan, upon pledge of large Treasury notes or Government stock, the amounts to be taken in the notes of the lending Banks
, and the repayment to be made in Treasury notes of smaller denominations, as soon as issues of such notes can be made from approved plates.
The rate of interest proposed for those advancing is five per cent per annum.
The sums tendered by the Banks, we understand, are not only liberal, but large.
They have the highest confidence in the security which the Government
will give; and they cheerfully meet the common desire that our cause should suffer no embarrassment.
We cannot but doubt that the Banks of the interior of our State, and the banks of other States, will be equally ready and liberal.
Messrs. Charles M. Furman
, Jacob K. Sass
and Stephen D. Robinson
were appointed by the Banks a committee to proceed to Richmond
to confer with the Secretary
, and arrange the details of the measure.
They left Charleston
on Friday evening last, and are no doubt now in Richmond
.-- Charleston Courier.