Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1861-07-25

planter consult his interest, and in the mean
while consult the market But to proceed !:
"And the nett proceeds of sale, we direct
to be paid over to the Treasurer of the Con-
federate States for bonds for the same a.
mount, bearing eight per cent. interest" )"
There is the whole of it. The cotton
planter directs bis cotton to be sent into the
hands of his factor or his commission mer-
chant. He only tells the Government 10
the subscription the portion he can lend.
He directs it to be sold, and the proceeds
to be invested in Confederate Bonds. I
understand that Committee will be ap-
pointed before this meeting adjourns, to
canvass this county. Every planter, there
fore, of Richmond county, will be waited
upon and afforded an opportunity to sub
scribe. I wish, therefore, to say to that
Committee, and everybody, subscribe. I
prefer you putting down, first, your name,
second, the number of bales, and I prefer
you putting down the proportion Of your
crop. want, especially, the number Of
bales, but would like also to know the pro.
portion it bears to your crop. Let every
body, those .with small crops as we'll as large,
give evidence in this way,o their patriot
ism, and believe the poor man that puts
down but two bales, if it be half his crop,
gives more, and more patriotically, than
the man who grows one thousand and puts
down one half of his, because, as the Sa.
viour said, the woman who gave her mite,
gave more than all. the rest. Let every.
body, therefore, put down portion Of their
crop, if it be two bales or fifty bales, or one
hundred bales, or FIVE hundred bales. -.
Inquiries have been made Of me, and
take this opportunity to answer them
nWhether these bonds will circulate as
money-will they pay debts p On this
point wish no mistake. They are not in
tended as currency; they are untitled tc
answer the purpose of circulation. The
bonds are larger than this paper. CA let
ter Sheet The obligation is on the upper
part of it, and the whole of the lower part
is divided into forty squares or checks In
each one of these checks the interest il
counted for each eix months for twenty
years. These checks are. called coupons
and all the party holding them has to do ii
every six months to clip of the lower cou
pom, send it to the Treasury and get biz
interest. The bond is not suitable to carry
in your pocket-book and use. 1t woule
wear out. 1t is intended to represent {
fixed capital, or permanentin investment-jus
so much as you can spare from your cottor
crop. That is all. Instead of your put
ting your surplus in lands, negroes, houses
furniture, useless extravaganza and luxu
ries, just put it into Confederate Bonds.
But whilst / said it was not intended tt
circulate or pay debts, I have not the leas
doubt that anybody who will sell his crol
entire for bonds,,~will find no difficulty il
getting, the money for them, for they draw
interest, and are better. than money; ant
any man holding note will giveit up ant
take bond, for a note draws but seven PEI
cent, and this draws eight. I have n'
doubt that all minors and trust propert,
will soon be invested in it. The entire a
mount of private funds iu the State Of Geor
gia on private loans, I. suppose, is ten O.
twenty millions of dollars at seven PEE
cent. All that amount will immediatel,
find its way into these bonds, and hence 1
planter who sells his entire crop, and need
money, can get it from the money Lenders
on these bonds. :. L. -...., ~.
/ have been frequently asked if these
bonds were good. Well, I want to b.
equally frank upon that point. If we sue
ceed, if we establish our independence, i
we are not overridden, if We are not sub
jugated, feel no hesitancy 10 telling yor
:. it is the best Government stock in the worlt
that T know Of tits eight per cent. inter
est and if we succeed in short time, il
a few years, if not more than one hundred
millions, or two hundred millions are issued
1 have but little doubt they will commane
a considerable premium. The old United
States stock (six per cent. bonds), iv'
years ago commanded fifteen and sixteel
per cent, and went as high as twenty pc
cent. Take the Central Railroad. Th'
stock of that company commands ifteel
per cent. premium now. These bonds pa.
eight per cent. semi-annua.ly !; therefore
if there is short war, these bonds, yer.
soon will command fifteen or twenty pc
cent; but candor also eompels me to stat
that if Lincoln overruns us-if we are sub
jugated, these bonds will not be worth 1
single dime, and nothing else you have vii
be worth anything. If we are overrun
they will be worth just as much as anything
else you have, and nothing else you hav'
got will be worth anything. Laughter.
So that is the whole of it. ...,
Let US, then, come up and contribute
what we can. say to the planters that
do not wish to urgeanybody, but let every
body discharge his duty to tha country Al
he feels it. But upon this subject of th'
war, will detain you few, minutes, be
cause it is common inquiry with me, how
long I think the war will last---whether o1
not it will be a short one. Well, my coun
trymen, I will tell you this, that it is only
known to the Ruler of events. It is cur
tanned from mortal knowledge and morta
vision. know not; I would not know i
l could. It is the mysterious future; bu
there is one thing can tell you with conf
dence, and that is, it is going to last unit
the enemy is whipped and driven from oul