Arkansas true Democrat., 1861-06-13
gg- The convention aaoptod an ordi.

Gf The convention adoptcd an ofdl- 1 nance to provide revenue for the State, l wherein, among other things, it is provd; ed that two millions of dollars in bonds, shall be issued, in sums of five dollars and upwards. To redeem these, the publlc lands of the State, of which there are at least seventeen millions of acres, as we'll as the taxes of the State, are pledged.- This secures them from any future repudi- ation or even control by the legislature.- These bonds will be receivable in payment for lands (and in part payment for taxes The coupons will be wholly receivable for taxes. and a sufficient amount of specie is and always will be reserved to meet the in terest and redeem the coupons.
 It is natural to suppose that Shylocks and unpatriotic men will endeavor to de- preciate these bonds for the purpose Of speculating on them. To forestall this ac- ton of theirs, we warn our readers that nothing can be safer than these bonds.- They are amply secured five or ten times over. No bank paper was ever as well secured. They will be issued in such sums as will place them in the reach of all per sons. The farmer who sells his corn or other produce; the stock raiser who'trades his horses: in fact, all the ordinary inter- nal commerce of the State can be carried on with them. So of the warrants propos- ed to be issued by the ordinance.
 We have conversed with several officers of the State and they are cheerful y willing to take all their fees and salaries in these bonds, coupons and warrants! For our selves we will take them at all times and in payment for all accounts. If any per son indebted to this office for subscription, advertising or job work boubt this, lei him try us.
 There will be, in almost every county, selfish and unpatrotic mcn, who will try to shave" this paper and to depreclate It. If they refuse to take them at par, or if they sell gools higher when paid for with them, instead of specie, let them be noted.
 It is due to the State, and to the cause in which we are embarked that the credit of the State should be sustained No pos sible loss can accrue to the holders of these bonds. They will serve as circulating medium, or if parties choose to hold them, they will draw eight per cent. interest, which will be paid in specie. In such times as these, when other securities are un- safe, it will be found secure and profta- ble investment.
 There is no possible reason or shadow of an excuse for depreciating the value these bonds, coupons or warrants, when they shall have been issued and we warn those into whose hands they may come to hold them up to their full value.
 ARKANSAS TEoors. The military spirit of the country is still onward and upward not abatcd in the least, while the public mind IS quiet and firm m it's purpose, de termincd to resist the war wagel against them to the last extremity The question with the authorities of the State is now, what companies and regiments to accept into the service of the State; for there are so many more troops offered than there IS any use for that the matter of arranging it satisfactorily among them Is question of the incest delicacy.
 Arkansas has five or six thousand troops now under arms an in the field, ani the number would be increased to 20 or 25, 900 in a very short time, if their services were wanted. Among the people oG the State and the troops in service, there are no divisions of scntmcnt-unitcd to a man and determined to rcpel, no matter at what cost, the slightest invasion of the State.