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The Daily Dispatch: February 14, 1862., [Electronic resource], From Kentucky. (search)
ld be found impossible to find payment in coin. But a large part must be accepted in the depreciated notes of non-specie paying banks. If the minimum discount that any reasonable man could fix say twenty-five per cent, the loss on eleven hundred millions to be sold would be two hundred and seventy-five millions. It would therefore require at least bonds to the amount of thirteen hundred and fifty millions to produce sufficient currency to carry us to the end of the next fiscal year. 30th June, 1863. The sum is too frightful to be tolerated. This is the language of an Administration man, a prominent Pennsylvanian, a hot advocate of the war. It is their own statement of their own case by the oracles of Yankee sentiment. They confess that it will require the issue of thirteen hundred and fifty millions of dollars to pay the present floating debt of the Federal Government, and to carry on the war till July of next year. The aggregate Federal date will thus be, taking in the old