Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-09-29

have the means Of thus recommending themselves to
the lasting gratitude ofthelr countrymen. We have,
therefore. the honor of laying before this commu-
nifty the following facts: Heretofore the Confede-
rate Congress have adopted the following legislative
enactments, to which l invoke your especial at
tention.
Here Gov. Foete read the two Congressional
enactments.
Il is apparent that those who are inclined to be-
come subscribers to the Confederate Loan will have
it in their power to dose, either by subscribing
Cotton, or paying for such bonds as they may wish
/ to purchase, specie, or any kind OF circulating
medium at par with the Treasury Notes Of the Con-
federRcy, or military naval stores, or raw pro-
duce, or manufactured articles Of any kind, easily
/ convertible into money, or adapted to the use Of
our army. At least this il the view which
| ell associated with me in propO-
sing to our citizens to subscribe, concur with me
in entertaining congratulate you, therefore, fell
lowetizsns Of Tennessee on this opportunity being
afforded you OF showing that you really desirs the
success of our struggle for freedom-that you sim
cerely desire 70 participate in upholding our
/ noble army, in short that you are true patriots
and worthy citizens. The subscription which you
may make, recoilect, is no donation. You are only
asked to invest portion Of your surplus means in
| the best public stock which now exists-in
bonds which carry interest of eight per centum per
annum, payable semi annually ard for the ultimate
redemption Of which the unsulled honor and the
wealth of the South are rreroeably pledged. There
is only one contingency which can be mentioned
upon the occurrence Of which these same bonds
may not be paid, or may decline il marketable value
that contingency is cur defeat in the pending
struggle fer independence in which event every man
must perceive that We viii be all 1rrevocably ruin.d
and be alike stripped of freedom, Of property,
and of all worldly responsibility.
1t is obvious that these bonds will in the present
state of the country to some extent BE conveniently
used as a medium of commercial exchanges. and
will be found readily to find their way into the
general business transactions of the country as a
reliable representative of value.
i am glad to learn that public corporations in the
South. both Railroad Companies and Banking in
stitutions, have already, IN one fern or another,
still larger investments are in contemplation.
shall be indeed greatly disappointed and morti
fed if it shall be found that the people of Tennessee
are less willing than their fellow-citizans of
the cotton States Of the South in subscribing the
loan 1t is known that the latter have already
subscribed nearly a million of cotton bales and
ara still actively subscribing other millions. 1
will couclude with a single additional re,
mark: We are told in Seripture-He loho giveh
to the poor, Iende to the Lord, say to you emphat-
ically: He who lends to Confederate government
now giOes freedom security, and independence to his
country for himself the respect and gratitude
of ell good men, and enrOls his name upon the
pages of Nations history as an upright, high
spirited and patriotic citizen. The present genera
ton shall sound his praises, and all the
generations of posterity shall extol and honor
him
After Governor FOOTE concluded, he was sue
paeded by the Rev. JNo. B MCFERRN and Hon. An
DREW EWING, both Of whom spoke with singular !
feryOr and elOquenee and to most approving
audience.
Though it was expressly stated that no subscrip- |
ton would be taken up on the occasion, several |
subscriptions were announced, the leading one of |
which was made By MARK R. CoCKRILL, Esq, who
offered his check for SIS 900.
The meeting was adjourned over to Monday night
next, at the Capitol, where various stirring and
patriotic addresses will be delivered.