--The Mobile papers publish the following letter from President Davis
to the "Confederate Society," of Enterprise, Miss.
--I have received your letter of the 22d ult, enclosing a copy of an address to the people of the Confederate States
, calling upon them to unite in an effort to restore and maintain the par value of the currency with gold by forming societies of citizens who will engage to sell and buy only at reduced prices.
The object of the address is most laudable, and I sincerely hope for it great success in arousing the people to concerted action upon a subject of the deepest importance.
The passion for speculation has become a gigantic evil.
It has seemed to take possession of the whole country, and has seduced citizens of all classes from a determined prosecution of the war to a sordid effort to amass money.
It destroys enthusiasm and weakens public confidence.
It injures the efficiency of every measure which demands the zealous co-operation of the people in repelling the public enemy, and threatens to bring upon us every calamity which can befall freemen struggling for independence.
The united exertions of societies like those you propose should accomplish much towards abating this evil, and infusing a new spirit into the community.
I trust, therefore, that you will continue your labors until their good effect becomes apparent everywhere.
Please accept my thanks for the comforting tone of your patriotic letter.
It is a relief to receive such a communication at this time, when earnest effort is demanded, and when I am burdened by the complaining and despondent letters of many who have stood all the day idle, and now blame anybody but themselves for reverses which have come and dangers which threaten.