The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1861-07-13

Congress ai It's last session. Authorized loan
Of Fifty Millions of Dollars in Bonds payable
In twenty years, with semi aunua interest al &
per cent twenty millions Of which may be Il
sued IN Treasury Notes received in payments cf
taxes and debts due the conieieracy, the whole
secured by the pledge of the faith OF the Con.
,edcra,c States AID by tax To be laid at the
next session at Congress
The bond. may be issued for the proceeds II
the sale Of raw produce. aud each member i
required by resolution Of Congress. to addvs
his constituents and receive subscriptions Tor III
lcan payable out Of the growing crop
This appeal TO your patriotism cannot b
made IN vain
A nation, rich, powerful, aud numerous,
threatens Us with subiugation- Our ports have
been blockaded our soil invaded, our existence
rs a nation and everything TIM, W. hold dear.
is involved IN the strurglc. We must repcl the
oncuy we mus, triumph and we will liz,
how
Or ene youth--our noble ctiscns--are in
the g.ld IN vast numbcrs--he whole male pops-
la,on are ready TO o.lur their sciyicos. The co1
t,,i is who shall be received? There are nlos
volunteers than can be accepted We have cN
of the sjuews Of war viz men in full amplitude.
But we must have money 10 Sustain the civil
Government md 10 fred, clothc, equip, and pay
oar iarg. armies. The Government has not re.
cc,cd from customs. or other sources, aud from
the loan authorized at the first session Of Cooj
eress. more than nine millions Of dollars tive
millions Of hat loan may be issled for tho tars-
portAiinn OF troops and the mail by railroads,
leaving nearly iYe millions. tor which there has
hcer no subscription. The daily expenditures
Of the government are between two and three
hnmiyed thousand dollars.
Inn is no time for false docacy, or the shaa-
ow Of cauccalnea'--mo"y, aud grca. deal Of
A. Is necessary to oar dcscncc.
The GoyCrnmcu, asks for fifty millions--hs~
can il be ottaintdY
We ipig e not been Acknowledged by foreign
rOvcrs Until this Is done, We probalsls cvei@
no, procure q loan from foreign b,pkers anA
IT wo could II would be impolitle, rs our resources
are amply sufficient, ~ rr,cuGe can now he
derived FROM customs and two Plans for raising
money we're presented 10 Congress one. by
immediate direct tax and The Other by ldying
upou The credit n the Goyerinaenl. by sale ~
Bomb and Treasury Nolv,
Cuu.gtss had not sufficient Information # the
yul,r ~ property IA States where h~'" aes nm
ad ,ningfH4 s,sty'u e. lay lair and equal taxa
tom and II II had lrou the II lay IN IL cNecnlin,
1t ccald ! pt have answered The pressing eNie'tt
ci,s Of TIE Government,
The ouly RESOURCE ior ,he immediate ,Hrp'y 30
money. VIZ, by lAe lsuc Of lionds sud Treasury
Notes, und llr sacc,ss oi ihr measure lrpends
IN a most uniu,nt 'lgrce upra ile ptahiipg and
arnuay Interests OF the country
Asa clas,. ih planter, did no i;kc any cs
the frs, .r; - Was cf.pp' no suh~crip
,ion in Texas. !, Ma, taken by banks sml
commercial uncn, There i but l,,lc prolmbit
Is that ,hcy will take more uuless the llnoiase
IL. ftf. IN a,st,.,ftt,u ltt.fiV t.f.
the last loan.
An Immediately adsance Of money By plan
igls Tor the purchase ri bonds al,d treasury notes
j. not proposed The surplus rom theiT preyl-
Gus crops Is probably invested.
The appeal is for subscription Of portion
of lhci forthcoming crops. 10 be paid for When
sold, 80 Confederate bonds
The planter OF his factor is 10 order the @lc,.
and the nett proceeds 10 be paid for bontts al
per cent
II may he asked how will this avail as pres
cnt rcycnuci II eA give the Cov,rum.tt
credit Tie GOTTEN crop of the South is tour
million OF bales. \ subscription for oneioarh
would Ice one millipe. equivalent to forty five
or hly million Of dollars, independent Of sub
scriptio1s from rice, sugar and tobacco planter.
The fact Of the certain realization of large
amour, would ensure immediate credit to tho Ge'-
ffnhlent. lAC honNs hDu H'hNNi. HN'fS tuf"
be used ~ capitalists would invest in
bonds and treasury notes OF even spece-paying
banks
No man, in the iace of sush subscription.
could doub, the safety Of the investment, or the
redemption OF the treasury notes.
So uracn, are the public necessities, that the
Secretary Of the Treasury has been compelled
until the treasury notes can be prepared for ~
sue. TO gse the notes Of nonspeoe. paying ha..s',
to he substituted by treasury notes.
This i but temporary eNpcdicui, limited to
the sphere of such circulation.
The Government intends that treasury nosss
shall be n sound currency
4 large investment IN the loan based a Il =
ou lircc, taxation, win sustain the bonds and
notes at their full value, and save US irom The
ealanilies Of currency that t. deprecated y
has been suggested ,ha, the blockade mny con-
time, aud sales cannot be effected This s er
ccedinrIy improbable. Among other reasons,
Great Britain would not, ia, .he want Of cotton,
expose herself 10 the hazards Of instruction or
revolution But Il ,ho blockade did conirse'
the cotton, though no, sold, would give errdi' to
the Government, es fund which would be ul'l-
mascly realized
Planters, tine case Is with yoa. The var "a
vagcd not sclcy. hnt il a rrea. measute a'.
yorr interests and protection
Where the ,irourh,s have prevailed 10, years,
the contributions will probably be- snx'l bu'
some viii have surplus. which they can devote