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Confederate notes.

The community continues to receive and to pass the notes of the Confederate Government issued prior to April, 1863. Those notes to the people generally are just as good as any. They never were esteemed the more for bearing on their face the promise to be funded in bonds of 8 per cent; and are not regarded as less valuable now that the Government is about to refuse to bond them at all, and the banks here have declined to take them on deposit. (A policy, by the way, the banks nowhere else have pursued.) The credit and honor of the Government are as much involved in the matter of their ultimate redemption as in any other of its issues, and the people continue to take them with the same confidence that they have received and paid them out ever since they first saw the fight.

This course of the people and the business community is wise, and saves themselves from unnecessary shaves and discounts which would follow their rejection of those notes refused by the Richmond banks. These notes will be taken for taxes, and we hope will be retired in that manner as rapidly as was hoped by those who shaped the policy of the Government.--Their continued circulation is a good evidence of the faith of the people in the credit of the Government, and will prevent the inconvenience which was reasonably apprehended from the course of the Government and the banks in putting them under the ban.

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April, 1863 AD (1)
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