Natchitoches union. [volume] ([Natchitoches, La.]) 1859-1864, 1861-11-07

pear 30 pialn, SO practical and s.
} well calculated to avert the financia
storm which threatens as, that we be
lieve it to be our duty to .develope t,
our readers, in h summary manner, tn
object of parish association te
make advances On cotton, in papc
money
The Parish association which many
distinguished citizens of Natehitoche:
propose to create has for it's object
!. lst. To make advances equal to one
half the value, on the number of bales
of cotton to be deposited in an entro
pot dd hoe.
3D. TO iesue bank bills Of |, Q, 3, 4
q 5 dollars in payment.
Sd. To suppress this association on
the establishment of peace.
To the success Of such an enterprise
three things are Indispensable, to the
security of financial operation of this
nature
The necessity of establishing it
Certain guarantees and
Sure beneficial results
We shall endeavor to demonstrate
that this Parish association will pos
sess these three qualities.
III -
The scarcity of money which is more
and more felt every day, il what no
one il ignorant Of but the extent and
disastrous consequences of which is
not fully eomprehended by many.
Every day small business transactions
are embarrassed, and sometimes entire
ly defeated for the want Of small
change The day is close hye when
coined money will entirely disappear.
will have passed either into the banks.
or into the hand of certain greedy spe-
eulators who will keep an open offic,
for change, and refuse it excepy ut IA
heavy discount N
The wages Of the workman already
So moderate, will be further cut down
by this forced tax of the speculatur,
al d The burden will become intvlerabI,
Transactions between buyers and mer.
chants will become almost impossible.
Every thing will come to stand still,
and this, as every one knows, is the
destruction Of prosperity aud ofaation
al life.
On the other hand, the planter pos.
sessing rich cotton produce, find lin
self, ON account Of the blockade, with
out money and without credit. This
is misery in the midst of plenty In
spite nf his good will, he find II impos-
sible to procure little advances for the
ordinary affairs of life the expenses oi
his plantation and the small accounts
which he owes. Will it be- answered
that nis credit is good SO be it. But
of what use is it, If ii is entirely mac
tive if nothing can be realized by it,
if it can produce nothing, as It cannot
operate as circulating medium and
is consequently useless in any business
transaction.
Thus, we have the workman, the
merchant and the planter in an embar-
the deplorable effects of which
are daily aggravated, and will be
1own to the fatal moment when all
will have to be suspended unfortunate.
y hunger cannot be suspended.
The necessity for some ADVANCES to
he holders Of cotton payable in paper
money is then SO evident, that no one
,an dispute it, for these advances will
Il part, reestablish credit and circuIa
ION. And yet, up to the present TIM,
nothing has been attempted to remedy
his evil. We had, at first counted
m advances from the Confederate CO.
the answer Of the Secreta
y of the Treasury, must have opened
,ur eyes and caused us to discover
hat we have nothing to hope in that
quarter. We must then rely on our
elves alone, and endeavor to remedy
he evil, by drawing on our own re-
sources and ty taking advantage of l
he benefits resulting form we'll mana
red association. !
We now shall demonstrate the real
guarantees on which the issue of bills ,
# the parish association will be based. ,
Nv.
To issue paper money, in order that t
his agent and representative of t
ncie capital should serve as an un- {