Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1861-06-08
uean.toSupportthe war.

Means 10 support ire ~ ar
We heartily approve the suggestion of the Enquirer
that the project Of investing toe proceeds of the crop OF
cotton for this year in the Gull States in the bonds Of
the Confederate States be extended to the tobacco crop
Of Virginia The god's operGHd Of the cotton scheme
Is fully developed in published address to the planters
of Georgia, BY the Hon. Howell Cobb and Thomas r
Cobb Of the Confederate Congress, special Commis
mssiouers who suggest the appointment; Of sp, cial
Agents in every county Of the State, and state shat
sry member Of Congress IS authorized 20 appoint such
agents." Congress, when it meets in Richmond on the
2O.b Of next month may inaugurate the policy in
Virginia, or sanction and aiop, rbaeysr Of the
s2rt may hare been set on foot b. public spirited and
patriotic individuals.
The Commissioners say that two plans for raising
enue were before Congress one immediate direc, tax
the other 70 rely on the credit Of the Government AID
issue bonds and treasury The former requires
cunbrous machinery, is expensive and ouerous, aud
takes time for It's execution while justice requires fuin
formation impossible TO be acquired in time for speedy
action. The other promised to be eiectuL from tie
slcrity with which the first Confederate loan taken.
The planters class did not take up the first loan,
hat authorized by act February 2Sh lS6l secured by
specific export duty cotton, because their surpl
was not 10 money but invested iasG and negroes
But by selling their crops Of cotton upon ample security
to the Government instead Of investing the proceeds Of
their sale in the accustomed way, they viii amply do
their part by founding substantial basis Of cred, in the
staple productions OF the soil upon which capitalists will
be induced to take toe Government bonds al par and il
Treasury Notes will be KEEP, r value. b the &C, Of
Congress- the Confederate bonds bearing eight per cent
Interest may be Issued for "ths proceeds Of NE sales Of
r1s produce Under this the Government proposes to
every planter and farmer to receive from him subscrp
ton Sc odauac, Of lis crop OF any portion thereof
ce,ding 800 10 value, and 90 ply hin for The same 10
Confederate bonds SO soon tee crop made and sold
Thus in place Of heavy taxation donation, the planter
a. once supports the public credit and receives dollar
for dollar" for lis crop The South makes ]uoounJ Of
bales Of cotton year-ouefourh Of this is worth $780,
100000 European capitalists viii advance that amount
upon 70. Nor need On, blockade stand in the way. Sup
posing anything so Jisreput,be 70 be for a time
respected the cotton viii be Ike the bank coin in It's
vault he warehouse. ard vii give credit Che Govern
ment securities though tae vaults be temporarily shut
And the Commissioners propose 10 extend thsr plans
beyond the Cotton product to sugar, rice, S5sat corn,
and ,o5a-eo the three last the great stapl's in which
Virginia abOunds.
ITO Tnstrate-vou make two thousand brshei' Of
whpaf corn. ana TWO LtiNit.4 t''.
Of Cotton You subscribe 900 bushels OF wheat lvt'
bushels efcora Zoo babes O, cotton and specify iae
place of delivery. When made and delivered go' Or
l,oifr o-u factor i SET . and pay over the proceed-
70 the s1eu O, the government and receive for the
same Ike amount iu bonds ct the Confederate States.
bearing eight per cent I'm other words, yoH agree nom
to sell specified part Of your crop for bonds That rs
aN
What food viii This do An immense good. It will
sustain fy cred. OF youI government and convince our
o. ms. D.
We can keep up var for century, aud oar pscPis
flourish and prospsr az TIE vh''s.
Now, TO approximate the value Of tobacco as basis Of
credit W NAV fnd It's not ouy in the demands
of consumption but in the financial necessities Of iorega
countries The average inspection OF the State for several
years past may put in round numbers at 65 600 hogs
heads worth TO the planter at cash 100000. How
much OF this goes abroad and what amount OF revenue
it yields foreign States can oaiy estimate eotJec
turay But This il certain, upon reliable statistics, that
the United States supplies usually from threetourh 10
fourffhs Of al the tobacco consumed iu France and
that under the monopoly Of the rgs system, during TIE
f-st nine months Of 1854 I've have later inormsh
easily a. hand the reyeiu derived from it reached The
enormous SUN Of l27 22S oOD francs, about SIS fi4
600 The proportion furnished by The United Sse If the
tobacco consumed il Grea ain and Ireland is rot so
great but British statesmen estimate tee whole consumP
non from all sources at % 600 tons; about onehaf OF
which is Struggled owing the excessive duties (up
wards Of goo per cent levied the article, under the
tariff system Of that kingdom As far back 1885, the
duty amounted 70 - 755, $50. or S25 100000!
Now under financial e1igeacy Ike this a. the demand
for American cotton to feed The millions Of Europe, en-
gagged in its manufacture Lncons blockade will prove
the most riicuous farce ever played upon the theatre OF
IN no face that like
cotton viii Keep. for what else than tobacco notes Ire
csps for tobacco in warehouses; for many years formed
the currency Of Virginia In that currency taxes were
pAid-deots satisfed-4ud sAer.Gs aud clerks fee bills
we're discharged for years after the successful issue OF
our Revolutionary struggle. The SAFE the ware
houser and insurer Of the tobacco placed in her ware
houses and notes for tobacco placed entered into all
business. Let the farmer then freely and confidently
sell hs tobacco the Confederate States, for Interest
bearing bonds They vii prove in the present unsettled
condition Of things his most reliable customer. TIE
onerous weight of double direct will thus De avoid
ed A fru and solid basis Of public credit viii b. tst1o
shed far preferable promises TO pay grounded o. the
uncertain resources Of cerc taxaOn Il IS the strength
Of our situation (which evea Northern socialism Will
soon be taught hat abOrng class ia not our fgltrg
class and mat state Of out mpartectly interrupts
she culture Of the soil and 1t supreme felicity in
su ing safe exodus from present trouble that TIE pro-
ducts Of that sol are prime necessity, the world over