Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-10-30


the blockade has cut off the demand.
The Columbia Democrat gives the names Of
two traitors Bitche and Rose, who lately Left
their residence ar the mouth OF the Bernard and
went over 10 the hlockadeTs. One of them has
left bis family behind.
Hon ". p Ill., Confederate Judge, opened
his court at Tyler on the 7th inst He says he
viii enleavor to put the sequesTation act in
operation, so that the burthen may tall on our
foes and NOT Oh our own citizens
The san Antonio Herald mentions a case of a
citizen vs. no had, few weeks ago, returned from
the North, breathing vengeance against the Lin
colnites. Ee staid long enough to get rid Of all
his properly and then put back again.
TEsE COTTON LOAN QUESTION.
/ c. C.. Wenimuser, Secretary Treasury, C. S. A.:
Ihave just read your circuiar of the 17ih inst
to the commissioners for receiving subscriptions
to the produce loan and beg leave to trouble
you with the following plan for meeting the
present necessities Of the government and peo-
pie. The objection in your letter to any aid to
the planters by the government. viii be noticed
at the close. In presenting my scheme / have
gone into most Of the details necessary for car
rying /. out, as upon the efficiency and linoBiec
tionabe character of these depends, in part, the
propristy of any plan.
Ny plan contemplates an advance by the gov
ernmeut to the planters and loan by the plan
ters to the government 1t proposes that the
government advance to planters s25 per bale o
500 los weight, payable in treasury notes, and
that the planters loan to the government the res
idue Of the proceeds Of their crops in exchange
for its bonds. To carry out the plan the follow.
ing details are suggested:
There should be one central agent appointed
IN each State, and at least one sub-agent in eacI
county. The sub-ageuts should be charged
with the duty of making the advances, and upon
making them should take duplicate obligations
from tle planters, with good suretes, for the De
/ livery 10 the government, when called upon to
! DO So and at the place designated in the bond
| the quantity of cotton upon which they have re-
l ceived an advance. The advance should cOusti-
tuts q ben upon the cotton. and any sale Of il
1 afterwards by the planter should be made an in-
I dictabie ohense, and the purchaser should sc
! quire no tile by the purchase
II the advance be made on only portion Of
! the crop, The planter must be bound 70 deliver
/ flri0r cotton, no advance shonld b. made Tie
/ cytrJu snUuu be kept on The Plantations under
good shelter. and at the risk Of the planters,
liFhen the cotton IS called for and delivered to
the subagent the latter must ship it to a factor
/ selected bv the planter, and the planter must
Um the risk of the merchants fidelity to his
I trust, and the shipment must be- accompanied
( bv statement TO the merchant of the amount
Z and d-fe of the advance to the planter. The
q q. y af-- I. M
I Guiding very low cotton, il any or upon the
/ first gathered and best portion Of it; bu in nc
! case Ep0u the latter end of IT, alone. If tn,
advance be- not equal to the planters entire crop
he NAV from time 10 time If he desires TO- receiv,
/ further advances
/ trrenlar intervals the sub-agents must re
port their transactions 10 the central agent, ae-
companied by duplicates Of planter obligations
! certified 90 under seal by the clerk Of s0m'
/ court Of record; and, at regular intervals tar
central agent should report 10 tie department
under similar guards against frauds. Both tht
| central and sub-agents should enter into amp'
bonds, and take an oath for the faithful dis
charge of their duties. The treasury nOtea
should be deposited with the central agents from
time 20 time in such quantities as tue depart
( nent may think advisable, and in The sam'
/ way the central agent should distribute then
among the sUb-agents The sub-agents should
be authorized 10 administer an cath 70 the plan
ters, whenever they may deem it necessary, {,
guard against fraud; and any fraud practice
/ upon the government bv false representations 0
planters, or bad Saith on the part Of the agents
should be made an indictabe offense.
1t should be the duty OF factors TO deposit th'
proceeds Of the cotton with such banks, or il
such places Of safety, as the government MAJ
designate. accompanied by a statement showing
the names Of the planters ON whose account th
deposit is made, the amount of the deposit 70
each, and the amount due from each to the GOV
( ernment for advances and interest thcreup0n
It should be the duty Of these repositories TO ian
over to the planters the bonds OF the government
for the balance due them beyond the advance
they had received The fractional balances mus
Of course be otherwise settled These banks, 0
other dep0siteres, must, iIOm tine 10 time, max
suitable reports 10 the department.
Twenty-Five cents per bale, to be paid VIE
the cotton Is sold, viii be ample compensation
for the sub-agent The government ought pr
badly to pay this. The relief given to The plan
ters, bY this scheme, VIII react upon the govern
ment by the increased means Of supporting
that viii be placed at their disposal The pet
PIE at home would do vastly more than they az
doing. in voluntary contributions TO the soldier
and their families, much as ihat is and has beeI
if they had more money at their command
With honest and capable agents, this sehe,n
would work well and without cost 70 the govern
llent OF thc people. 1t would secure 20 the 90,
ment the control of at least three million bale
OF cotton, aud loan of hali that number; and
revenue, in the way of interest paid by the plan
Ter, al the rate Of at least four million dollar
pgr Fear.4-------= 1-It1 = TEft I95t u pal
/ Dy le planters at 6 per cent only. But wh
SHALL appoint these agents The dePsrmel
cannot know them personally, nor can the Gel
2 tral agents. They ought to be appointed b
some home authority, personally acquainted wit
their fitness tor the position, and authorized (
displace them and I'll all vacancies The men
beTs Of the County Court, or Of tie board
police, or Of some other local authority, oggbt /
Be entrustedwith their appointment
But YOU object to advances to the planters O
the ground Of want Of constitutional power
make them. This objection is probably we
founded, and in time of peace the pTopositio
{ ought not to he entained toI a moment
But we are in a state Of war, assailed by
poverful and unscrupul0us enemy, and the libe
, ties Of the people are in danger-aEd ought NJ
tbe government, under circumstances Ike thes
to take the responsibility Of adopting any an
all measures, believed t) be in accordance wit
the viii Of the people, calculated to assist
maintaining their independence But the go'
ernnent may c0nsiitutonaily contract loal
and If. in order 10 get the loan, il becomes ne
essary to make a temporary advance to the pa
ties furnishing IT, may IT not do so2 Our Coz
stituton, though the best yet devised, needs a
important amendment which / viii suggest
this connection. Our government ought to .
authorized, with the consent of the States an
i people, to exercise any and every power nece
sary for the public safety; and there ought to
some ready mode for obtaining this consent
all exigeneies demanding the employment
eAlriof ordinary powers THESE are the points
! propose to gain by my amendment My prop
siiion Is 10 add an article 70 the Constitution e
pressly authorizing the legislative power to el
act any law, at any time, that the public safet
S may require provided that all the States. bv
{ two-thirds vote Of The representatives of eael
IN the House, and all the members present IN Il
Senate, concur in its passage If a unsnipot
o vote is TOO much 70 require, let a vote of thre
! fouTths Of The States be sufficient But al sue
I extra constitutional laws ought t. be subject
{ repeal, at any time, by the same vote that coul
e have defeated theiT passages AID subject 10
+ annulled, OF nullified, by any one, two, or tlr
n al tho gfataq aetino fhroua-l, fbair