Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1861-07-31
Vice President stephens on the Pro-
dUce Loan,

gia. They merit the careful attention OF
every reader. We quote from the Charleston
.Nercu,y's report OF the speech.
After discussing generally our cause, Mr..
STEPHENS proceeds:
"Upon a reasonable and ordinary estimate,
ne grow four millions of haes OF cotton. /
am here today to discuss before you the tllty
million loan. but am frank to tell you, it
may be one hundred millions, and think 1t
probably will be. The proposition that the
Government makes, is not to tax the people.
The object of wise and good Government
is to make the burliens fall as light upon the
people as possible, to meet every exieency.
The proposition the Government makes, there
fore, is to take loan in produce. In the
grain-growing sections the members Of Con-
gress solicit The loan in grain, army subsis-
tence, meat, corn, wheat and flour. We are
not grain growing country. Our supply is
cotton. address you, therefore, solely on
the subject of cotton. The object is to get
along with rs little tax as possible; but, my
corntryrnen, do not suppose the Government
will not tax you, if necessary, for tell you
the Government does not intend to be snhju
gated, and il we do rot raise the money ny
loans. if the people do not contribute, tell
YOU We intend to have the money, and taxa,
ton will be resorted 10 if nothing else will
raise it. Every life and dollar in the country
will lrr demanded rather than yon and every
one Of us shall be uyerrun by the enemy.
IApplause] On that you may count. The
Government, while ii desires to carry on the
war, establish your Independence, and main
tain the Government, at the same time wishes
to do It in such {. way as not TO cripple indus
try: and while our men are in the field fight.
ing the BATTLES Of their country, their br''ih-
rem al home are discharge ing an equal duty.
81 that no serious derimcnt to public proper
,v will be sustained. and we have the clelnen,
to do this tha, no other people in the world
have.
Now then, if four millions OF hales of cot
lon are made, upor an average price they will
bring Two hundred millions of dollars. If
the cotton planter Will hut lrI:d, not give
lend 10 the Govcrareu. Tie proceeds Of bnl
onC-hif, that vii; b: one hundred milliono!
! dollars, double wha, tie Government wants
or did want. whA..-,'1 "IJoaFned-Hiti'e
. .,..uugn TO keep two hundred thousand men
/ in tue field the ta!anc" yo,. Can use as y"u
! please.
now sill real 10 yol. JUS; st This part of
my ;.tiGress, liz: pro-. si'un npri which
shall rt&kc some comments. III | wish every
gvnt'cuau TO understand it. Il is ~, asking
y EQUATION: the Government simply wishes
u control The proceeds vi your cotton. The
Government proposes 10 give yon bond
bearing eight per ce!'. Interest, paying Tie
interest also, semi-annualy. 1t is moi gilt
or donation, but silnpiy your surplus cotton,
as much as YOU can spale. This is the pro
position.
We, the subscribers. agree ~ contribute
! To the defence of the Confederate stales that
:: portion of our crop set dow:, to cur rcSpcc-
tive names the sane 10 be p|"c"'i in ware.
house cr in the hand of our factors: aa'. sold
Oh OF before tle-neSt.
Fix the day Of sale as s,o;l IL ,or! please; !;
the first Of January, tic FIRST G! !'el'rrary,
Or the first Of March, if jou please though
am aware tnc Goye7ame,. wishes yos; TO
sell it as SOON as convenient; bat lcI eac'!
planter consult his interest. en-! IN the !"ea,!-
while consult the market, But to !'rvce,,'i
"An,t the nett proceeds ni SAL. we erect
t, lie paid over to the Treasurer Vi 'he Gn:l
federa,e States for BONDS ior the same a.uount,
bearing eight per cent. interest"
There is the whole of il. The cotton = !iii-
Ter directs lis cotton to bc sent iuto the hanr!s
OF his factor or his commission merchant. He
ouly tells the Govcru!ucnt in the subscription
III. portion lie can lend lie directs j; 10 he
sid, and the proceed IL IL inTesled III Con-
tuierate Bonds. | u.tl,rsta;.,; iLat a Com.
nittec will be appointed before Lis meeting
s'ljourns, to canvass this county. Every plan
TER, therefore, Of Richmond county, will lie
waited upon and afforded ali opportunity to
subscribe wish, therefore, ts say to that
Committee, and everybody, subscribe. | pre-.
Ter roa putting down. iitst yonr name, scc-
onl, the number Of bales, and | prefer yon
putting down tic proportion Of your crop. |
want, especially, The m1nbcr Of bales, bnt
wc.!d like al.o 10 know lic proportion 1t
bears to your cror. L.; everybody, those
with sna!! crops as we'll as large. give eri-
dance, in this way, ol their patriotism, and |
believe tie poor man that puts down aut t%"
h,ivs. Il it he hall his crop, gives more, and
more pa!riotically, than tho man who grows
OK thousand and IntS down one halt of BIS,
l,ccarsc, as the Saviour said the woman who
gave her mite gay" more than all 'hc rest.
1t everybody, therefore, put down portion
ii their crop. il it hn ;wo bales or fifty bales
ono hntdrc,i bales Or FIVE hundred hal''s
inquiries Law" lern made Of me- AMI |
t:kc his opportunity 10 anS~"' 'he'H :
-.he.!er .!esr bon,'s Will circulate as money
will they pay .i~5's's On 'ais point J
wish NO mistake. They alr not :nten''ed as
rurrency; thet are untitled 10 answer III"
purpose Of circulation. The bonds are larger
than this paper \ Letter shc"t:l In" oh
legation is on the npper part Of it, AMI the
whole of thr lower part is divided into toriy
squares Or checks. In each one oil these checks
she interest is counted inr each six months
i,m twenty years, These checks are called
cnnnons ami ali the Marty holding them has