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The Daily Dispatch: September 21, 1863., [Electronic resource] 1 1 Browse Search
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The Daily Dispatch: September 21, 1863., [Electronic resource], article 2 (search)
instead of his going in search of them.--To supply the Treasury, the manufacture of assignats, based upon nothing but the public confidence in the stability of the Government, was commenced — slowly at first, but with increased velocity as the operation progresses. At this particular juncture Mr. Memminger reminds us of nothing so much as a boy holding to a cow's tail while she is running at full speed down a hill. He would let go if he could, but he finds it impossible without falling. The "Infernal Machine" is everlastingly at work, striking off assignats by the bale, and neutralizing all the good effects which the tax and the sale of the cotton bonds might otherwise be expected to produce. There seems to enter into the mind of the Secretary, whenever hard pushed, no other resource but the printing press, and we never see a new assignat that we are not reminded of Chancellor Oxenstierna's injunction to his son, "Go, my son, and see with how little wisdom the world is governed."