The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1861-08-06
Loan for the Defence of the Con-
federate States.

By a communication from the Hon. c. G. Meuminger
secretary OF the Treasury of the Confederate States the
undo signed have been requested to 1.-The Cen
trail Board Of Commissioners for the State North Ca
rolina TO the attention of the citizens
this State The Loan authorized by the Act of Congress
OF tAe Confederate States approved February 49, 1861
and to solicit subscriptions to the same; and arc
further requested to appoint Local Commissioners
such places as We may deem advisable to act for the
purpose indicated.
The gross amount of this loan cannot exceed Sl5,-
OO0 600 of which SIS, 900, 900 called for in
March last and second call for the remainder is now
made.
Bonds with coupons for accruing interest IN sums
from $50 900, stock certificates in the usual
form IF preferred) will be issued The interests eight
per cent. per annum payable semi-annUaily at all of
our principal cities.
The principal money is payable ten years after Sep
TENDER first next the government reseryng the right
upon giving three months public notice. of paying any
portion OF the Loan at the expiration of five at
ter September lst
Subscriptions will be received in current Bank notes
par certificates deposit of any of the Banks
of this State in good credit at the Capital and the sub
scriber will then receive receipt furnished by the
Treasury department. which entities him 10 its exchange
! for Bonds or Stock to bear interest from date.
This loan is authorized for the support of the Gov
eminent and TO provide for the defence of the Cond
States Of America and it certainly cannot be
necessary that should make extended appeal to
North CarOnians to induce them promptly to to
the aid of their government in the crisis existing
North Carolina has severed her connection with the
Government of the United States and become inte
grail part of the Government of the Confederate States
Of America. Her people. through a Convention rcgu-
ary constituted, representing the sovereignty, the
preme power in State, have unanimously declared
and ordained this to be and no loyal citizen Of
North Carolina will be unmindful of his faith; his duty
and his honor thus pghted
This political relation of our State is not how
ever, recognized, and i'll common with the others
of the Confederate States she is meuaccd with subnga
ton by the Government of the United States That
Government in its madness has determined that the
people Of the Confederate States shall be compelled by
their and
ready large armies have been mustered conquer and
Subduc Already Virginia, sister Slate and
nearest neghbor the North is Invaded, and a
thus exists hiCh part strictly of defence
To the Government of the Confederate States
have granted the power and that Government have
imposed the duty ofproviding for defence. To do
this successfully, and to bring this speedy and
triumphant issue it is indispensable that the Govern
ment should be promptly supplied with the necessary
means and from Its very recent organization cannot
be supposed to have these at its command from its or
binary source Of revenue. They be supplied and
the alternative is, that they must be raised the
credit of the Government.
The loan offered, bears eight per cent interest
per annum, payable semi-annually-a profit which
should satisfy any one who may invest in it.
The sccurity--he value OF this investment depends
upon the same basis which depends the security
and the value of the lands slaves and all proper
ty of every citizen of our State On the successful OPP
eraons and SATELLITES of the Government under which
live, depend alike rights of property and the
value of the securities issued directly the faith Of
the Government.
In addition, however, to the security for the
of the principal and interest of this debt guaranteed by
the pledged faith of the Confederate States duty of
eighth OF one per cent per pound all cotton in
the state exported from the Confederate States
(about 62 cents per bale) is especially provded and
the continuance Of this duty until the extingushment
of this debt, until sinking fund adequate that
end is provided is guaranteed in the act authorizing
the loan.
For the defence of the Confederate States the young
men of North Carolina from all portions of our State
have volunteered in numbers beyond the demands of
State authorities, and this has been done with such
promptneSs aud zeal as to have melted the adj
mration of allmoney, however, is Indispensable
mentogcther they constitute the great sinews of
Will those OF our citizens, who have not offered their
persons for the common defence altogether fail in sus
tanning the cause Of their country in this her hour Of
traR There certainly but few whose
limited as to justify them in Withholding subScrip
ton for the small amount of $50, while there thou
sands who should not hesitate invest largely of their
more ample means.
Let every citizen of North Carolina consider and de-
eide to the extent Of his investment in this loan
though his particular action depended the ability of
the Confederate States preserve their existence
nation, and their ability defend and protect his prop
eriy his home and his family 1t commends itself to
the favorable consideration and united co-opera-
ton of our people whether of large of small means
by every incentive, we'll of interest of patriotism,
and we feel thoroughly assured they will respond
this call with such spirit will satisfy sister
States of our fixed confidence in the integrity and
bility of the Government with which we have linked
destiny. Let us then prove our faith by
The following persons have been requested to act
Local Commisso ners the different places against
their respective names and for all subscriptions paid to
them their signatures to the receipts furnished by the
Treasury Department will be valid
RaLegh-G Mordecai, Danl NJ Barrnger and N
Bledsoe.
FaysttepiAs-Jesse G Shepherd E Hale, DanI Nc
Diarmid.
Fldts5oro-H Hammond, Thos S Ashe, Stephen
Cole.
Charlotts-John Walker. Young, Vim Myers.
.4shsUil!e-N W Wood6n, J E Hardy \ Merri-
Salem-Frances Tries Lash, Rufus L Patterson.
GresaSJoro-SP Mendenhall Lindsey, John
GEaer.
TanceyriHe-Bedford Brown, Montfort McGehee, Cal
vim Graves.
Tar5oro-Robt Bridgers, H Clark, Roht Nor
feet.
4Ns,oberr-A Jenkins, George Green Whitford.
Elizabeth Ctty-W Martin, John Pool, and Josiah
Cranberry.
e. + S PS %Siss2: State CONS.