Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-06-20
NUMBER 68

Our means are SIMPLE. How best to use and con
troll them most efficiently for the best advaHfage to
the Government and least disadvantage to the peo-
pie, IS the question. On the present basis Of milf
tary operations $50 900 900 will be required for the
present fiscal year. A loan of IS 000, 900 was made
some months ago. This win soon be exhausted
The immediate wants Of the Treasury can be sup
piled by the issue Of Treasury notes. if the neces-
sary measures be adopted 10 sustain their credit.
tax Of Sl5.000,00G will be necessary to accom-
plish this object before the proceeds Of the pro-
posed loan of produce, Of which intend 70 sneak.
can be made available. The rate Of tax to raise
Georgias part of the SIS 600 900 If we shall have
to resort to that measure will be about twentyfour
cents on the hundred dollars worth Of property.
This IT Is true, will be q small tax compared with
the object to be attained which is nothing less than
our security, safety and political existence. The
Secretary Of the Treasury has been authorized to
issue the notes for pressing exigencies. The
20 sustain their credit must be supplied. These are
abundantly 1T our hands either BY taxation 10 the
full amount Of the Government wants or by some
other means which viii accomplish the same OBJ
Jeet with more ease to the people. Our RESOURCES
are ample.
The proposition which the Government makes
and which Is this day presented to you is to take
loan from the planters and farmers of produce in
stead OF money. The products of the soil will an
| sWer the purpose of the Government quite as well
| as coin. Grain, bacon and breadstufs generally
are necessary for the subsistence Of the army
These have to be bought with coin, if we had it in
hand; while cotton and tobacco can and will at all
IN.
that each farmer and planter shall lend to the Gov
| ernment-not give but lend-so much of his pro-
duets as he can spare, and receive Government
! bonds for it bearing per cent interest. In this
part Of the State cotton is the main staple Bread
| stuffs could be got more ehespy elsewhere. Now.
if planter makes fifty bales Of cotton and ten viii
answer Rll the purposes Of his own use and neces-
sities he is asked to loan the remaining forty the
Government and take bonds at per cent interest
instead OF laying out his surplus in other kinds OF
property If twenty-five of this fifty be necessary
for his own pressing necessities, let him lend the
! other .half. II forty be required for his
wants then let him lend the remaining fifth Of his
crop. Whatever may be the expected surplus over
and above his pressing wants. let it be vested in
! in Government bonds st per cent interest
instead Of gremaining idle in theirhands or PuE IN
other kinds OF property: This IS the proposition
1t is easily understood The form Of subscription
IL in these words:
a" We, the subscribers, agree to contribute to the
defense Of the Confederate States the portion Of
crop set down to our respective names the same
to be placed in warehouse OK IN our factors hands,
and sold on or before the first day Of - next,
and the net proceeds of sale we direct to be made
over to the Treasurer Of the Confederate States for
bonds for same amount, bearing eight per cent. s.
terest."
Each one will designate the place and the agent
to whom the cotton is 70 be sent, with the number
of bales, and the time within which it IS to be de-
hvered and sold. One word as to the nature Of the
subscription here asked OF course there cannot he
certainty as the extent of the yield Of the grove
ing crops Subscriptions must necessarily be made
subject 70 the contingencies Of seasons and aeci-
dents. While, therefore, no one shouid subscribe
bale more than he reasonably expects and honestly
intends to deliver yet should he fail to comply with
the full amount OF his subscription from Providen-
tia other good cause, no legal risk forfeiture
would be incurred Ii is alvolunisry offer and en-
gsgement the part Of the planter. But viii be
expected, as matter of course, that the terms Of
subscriptions will be strictly complied with In good
faith. When sold, the Government bonds for the
proceeds will be delivered instead Of bank bills, a.
il usually the Should the planters Of the South
subscribe in this way, only fourth of their cotton
crop, it will give the Government the command OF &c
least one million Of bales. Upon all reasonable ex-
pectations, the crop viii not fall short Of four
millions of bales. One million of bales at present
prices would bring ateast $4,000, 00O-the sum re-
Quired The Importance CT this arrangement being
entered into this tme that the Secretary OF the
Treasury may raise means on this pledge IN enrcl-s
| patton of the crop-a process familiar TO many
planters. In the time the credit Of the Treas
ury notes viii not be deprecated when the means
are supplied for their early redemption In this way
the war may be waged on the most gigantic seale,
! if our enemies so determine, without material N
jury to our resources, resorting to any sys-
| tenn of high taxation. If they wage il upon toea
principle of wearing out by exhaustion, they viii
certainly fail that line of policy before we shall
Ho viewer great may have been their resources they
were derived, as stated, mainly from With thia
great of their supplies being cut on by their
own suicidal act, whence or from what source s its
equivalent to be made up? Their operations at pre-
sent upon basis of perhaps not less than SlV0-
| 600 900, or it may be Sl50OoO,G0O per GRHszn-
Where is this money to come from! 1t is true, il Is
. question that concerns them-nOt US. 1t Is aaues-
ton though not to be overlooked by US IN consider
ing the contingencies Of protI acted war. Aostof
| their present means derived from their trade
with US That now being cut off by their folly mad
ness and wickedness, Iere is their new stock to
| come from when the present IS exhausted! ahe
probabilities they will resort to a cOnhscatiOn
4 a. - DkarrH
tors and others like him. This il the usual course
with such revolutions. Such the course OF the
Jacobins, their great prototypes. Like the army
worm, when they have destroyed the rich neids
they now feed upon, they VIII turn and iced upon
themselves.
| Not so with us. No people in the world ever
had such vast variety OF resources. While our
soil and climate yield sbundanty everything neees-
sary to human subsistence our staples OF cotton,
rice, sugar and tobacco, which other nations must
have, yield annually not much under s5OO,OOO,OO1.
We can, not only make enough breadstufs in our
own limits 20 sustain our own people, but sed 70
| Others products to this amount With a small por-
ton of this income from abroad we can if need be,
sustain an army of one hundred thousand In the ned
tor years to come All that is wsnted IS union CO.
operation, and patriotic concert between the Gov
eminent and the people. If any hesitate in cooper
sting in this arrangement from any aPprehensions
as 70 the security Of their nvestmentin these bonds
let such consider, and be assured Of this les them
| remember and mark it: If we succeed in the war
II we drive back the lnVaQefS II We acnleNe 8u1
establish our independence they viii have the best
security in the world The entire resources Of the
| Confederate Ststes-their whole property and
wealth will be pledged, not only to the punetual
payment of interest but the ultimate redemption Of
the bonds making the investment therefore At per
cent interest the best public investment in the world
| Nor let any one tIrnidIy doubt OF success. The
people of the South can never be conquered. .Ourt
| enemies rely upon their numoers-We rely upon
the valor of freemen battling for country, for home
| and everything dear well as sacred. but II We
de not succeed-shoud the enemy Preysll-shouid
| we become subjugated then not only viii your cot
ton, but your land and everything else you own, be
| useless and worthless to you
To the overturned and cautious another reflection
| may be appropriate This war must and VIII be
sustained whether they come 70 its aid in this way
| or not Our army in the field periliug everything
/ in defense of the country of your homes and your
fresides must and will be clothed and fed and sup
piled with all the necessary munitions of war Otner
gallant sons will soon follow their brethren IN the
field to Ill up their ranks in case they fall before
the enemy. Some of these ready to so are nSw
! presept The cause IN which they have enlisted ID
not their cause alone, but the cause Of every man,
| woman and child in the Confederzcy. In oharlng
themselves voluntarily to fight in battle, they make
the highest and noblcst Offering man can make OF
all the virtues none is purer holer, loftier, or 80
| Godlike as that which prompts man u oaer uP
himself his life, his home and his ALL as saeriree
/ upon his country 8 altar It is the embodiment Of
ali others Truth, honor fidelity, integrity, fllsl
| affection parental devotion, domestic attachments
ties to home and the hearthstone, and ali the emo
bling sentiments that dignity man would rave no
| existence without q country. Those institutions
which foster them, in which they terminate, grow
snd bring the richest fruits, all depend upon that
disinterested patriotism which animates the volun
teer's breast. Such men must be, and viii
be sustained. The means and the resources neees-
sary TO do it are in the country. They must and
will be had. If not by loan bearing interest, as
proposed, they will be reached by taxation, where
there will be neither interest," principle returned
If the loan is not made as proposed. or in some
Other way the whole amount Of the 500, 600 900 70
meet the wants Of the year, well az the future
millions TO meet the wants Of succeeding years 81
long as the war lasts, viii have to be- and VIII os
raised by taxation. Should not the planters ana
the property holders on whom the oursnen muht
fall come forward cheerfuly and cooperate VIII
the Government in this financial scheme, winch m
the end will work so adTantageously 20 them