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The Daily Dispatch: August 19, 1863., [Electronic resource], The army. (search)
The currency of '61-'62. --Governor Letcher, in his Proclamation, proposes to do that which we felt satisfied from the first would have to be done — viz: to retrace the step taken by the last Legislature, by which a very large part of the currency put afloat by the Confederate Government was refused to be taken in the paymenooperate with both Governments, in refusing to receive them on deposit after the day on which the Confederate Government declared them no longer fundable. Gov. Letcher, in his Proclamation, says very truly: "While it is proper for the Government to call in its excessive issues, and to endeavor to fund its debt, it is nohe 8 per cent. convertible notes into bonds, we are certainly not surprised that a large amount of those notes are still in circulation. But, nevertheless, as Gov. Letcher says, it was not proper to attempt to drive that currency out of circulation by discrediting it. Such an expedient not only subjected the public to inconvenien