The eastern clarion. [volume] (Paulding, Miss.) 1837-1863, 1861-07-19

legal tender for debts. and Eay they can-
moi .8bsfribo unloss tho Government Will
piss law to lha, effect lt IL liAn lhal
these persons are unwilling 60 lend any
thing DO the Government Tor 10 ls not o
loan 1T the subscriber can forcQ his ,crcii-
Tor TO take the bonis-itsis SALE. .hot-a
loan
The Government is.u nero oiEeu'4il lon
nj lifetime for the defence OF INC plan
tors. IL IS the levcc which Is TO fence out
tho flood which not only threatens the
crops Of this year but all future crops
The Government has no moncy-and can,
not got money unless tho planters WNiIl
lend il. 1t rests with them whether they
will protect the valley Of the Mississippi
or not If they know their duty in this
erisis-ir they appreciate the great fact on
which the present war hangs-tho fate OF
50OmilHons OF property in this state, to say
nothing of the fate Of themselves, their
children and all chat they prize in TINS
world, they will, philc hy hoa tho control
Of The present crop, which is certain 70 GlVe
the Government the means OF suooosslul'
" ayorting tho danger, pledge II 10 the
I Jioyernmon, or | sh0uij cay pledge i to
each other, TO their wives and children
to republican liberty.
Welwill all soon realize the truth, that
with war hanging over US which threa
tens the destruction Of all the great val
ues of the country, and all security, busl
ness must assume the narrow proportion
of the actual necessities OF life. Ihos'
who expected to collect debts must b'
disappointed. Those who expected t
nav debts. and release their estates from
mortgages or pledges, have incurred b,
this war an incumbranco which rs supe
rior 10 all others Let those who expect
ed to accumulate properly, or to eXpen'
money in purchasing cnjoymcnts, dislnla
the hope. Let us all realize while 1t !
vet time, that there is that to do IN TN
wear and time which requires us to su'
pend all enterprises, and, devote the Who'll
energies of this country,to meet the grea
crisis in our fate.
Wasitev heard of, that, during.a
invasion by powerful ienemy, creditor
collected their debts2 Are creditors eA
I empt from tho evils Of war They mus
bear their share Of the burden. There
, no doubt that the planters will deal iairI
in this matter.
Those who Suggest that the bond
should be made legal tender now, owe
. look the fact that the indebtedness Of tn
[ cotton planters in the Mississippi vale
, is in effect to the banks of Louisiana, whic
have shown the most liberal spirit towar1
{ the Government. These banks have
, largo circulation which they hope to a
@ sorb by collecting ultimately debts dru
thom in their own issues. If the banF
/ arc forced to take tho bonds as Obsolul
! payment, they must fail, unless they
/ allowed to suspend specie payments o
J. cause they cannot redeem their circul
1 ton with the bonds. The Louisiana Sta
J. Government will have to deal with tn
l. subject. Tho banks and other credlto
i however will DO driven to those terms
G accommodation, which will admit OF amp
d support to the Government. They WI
. SEQ that it is impossible to collect I'll
10 whole or even the greater part OF outsaan
d ing debts duo them this year, or the neS
10 1t is obvious that a stay law will be pass(
isrlsl,ss.- y ) tsB Moore 81 the creditors cor