Abbeville press. [volume] (Abbeville, S.C.) 1860-1869, 1861-07-12
THE coNrEpERATB LOAN,

Bonds. Mr.. Noble is now absent, but the 9th
err two Commissioners upon due consultation
faye concluded to call Public Meeting at this
place on Monday next. of which n notice will
c found In another column Various speech
es will be delivered on the occasion, aud we
trust that there will he n large attendance.
commensurate with the Importance Of it's oh
jcc,s and the great interests involved In this
matter We are only following in the wake of
our sister Southern States. Thanks to the ex-
ertions of Stephens and his colleagues in Geor.
gia, and to the liberality and patriotism. of her
citizens. that State has responded noblv Ala.
bamn hns done the same. So hns Mississippi
and Louisiana and others, and we are sure that
our own gallant State will be second to none
in this great work of supporting the hands OF
the Government. We have embarked our all
IN common enterprises; public and private
interests are here identified; and pulley as
well as duty alike impel us to pledge our all
in defence of our impcrillel rights The pcn-
, pie have everywhere responded most literally,
, and then seems to be no doubt that $lOuOOO.-
900 can easily be raised.
The following is the Section of the Act
which authorizes the loan and prcscrbrs the
terms OF the Confederate Bonds:
SEC. l. THE Congress of the Conf eLrntc States
Of America 10 enact. That tho Secretary of the
treasury may. with the assent Of the President
OF the Confederate States. Issue Fl fly millions
of dollars i'll bonds payable at the expiration
Of twenty years from their date. and bearing
u rate Of interest not exceeding eight pcr ce,t
per annum until they become payable, the said
int l>o
oonds after public advertisement in three
newspapers within the Confederate States for
six weeks, to be sold for specie. military stores,
or for the proceeds of salcs of raw produce or
manufactured articles, to be paid in the form of
specie or with foreign bills of exchange, in
such manner aud under such regulations as
may be prescribed by the Secretary of the
Treasury with the assent Of the President.
But it shall be the duty OF the Secretary of the
Treasury to report, at its next ensuing session.
to the Congress of the Confederate States, a
precise statement of his transactions under this
law. Nor shall the said bonds be Issued in
fractional parts of the hundred, or he exchanc-
ed by the said Secretary for Treasury notes, or
the notes of any bank, corporation or indi-
vidual but only in the manner herein IRE
scribed: Provited. That nothing herein con-
tanned shall be so construed as 10 prevent the
Secretary of the Treasury from receiving for.
eign bills of exchange in payment of these
bonds
The following is the form Of the subscription
to be signed by the planter:
'We, the subscribers, agree to contribute to
the defence Of the Confederate States, the ppr-
tIon of our crops set down to our respective
names. The same to be placed in Warehouse,
or in OUR Factors hands, and sold on or before
the first day of--r,ext: and the nett pro
ceeds Of sale we direct to be pnid over to the
treasury Of the Confederate Strtes, for Bonds
Tor same amount, bearing per cent, interest,"
1t ia the design of this scheme then to OBJ
tain from each farmer subscription of one
half of crop to be sent to his factor, and The
proceeds invested in Confederate Bonds. It is
only loan and on the best. the very best secu
rity---a loan based upon the products of the
soil, and the credit Of the Governmeut-beer-
ing interest of eight per cent payable semi.an-
nually. The Bonds will always be worth in
the market their par value and will circulate
throughout the Confederacy rs currency and be
receivable in payment of debts They will
furnish most desirable investment
-. -
VIEurSrAfrSMs.--We clip the following par.
agraphs from the Richmond Examiner;
Lieut. VIM. F. English, of the Montgomery
Gnard' arrived in this city yesterday evening
IN charge of the following prisoners of war:
Capt. "A. g. KelIog. I'd Connecticut regiment;
Sergeant Anstin G. Monroe, company B, of
same; and Corporal Charles f. .Hanshnt com.
pany D, of the sama. The two last were CAP
tured ON the 10th lust. whilst posting picket
guards near Falls Church, and about these
there 10 nothing remarkable. Captain Henry
was taken whilst reconnoitering for his own a..
musement. beyond the outpost of his company.
He. Gays that, on the occasion of his capture,
the fret intimation he bad tof danger was the
consciousness of being surrounded by ten or =
dozen scouts. He thinks he ventured too far
.spenki ingt to him of the absurdity of endeavor.
ing to conquer the South into the Union, he
said such an idea had never occurred to him
that he and every, man in the regiment. left
home full of the idea. that the capitol at WASH,
ington was in danger. Of capture. He is op.
posed to the war, and does not know who to
blame for 1t except he, Mr.: Eineoin.' He is a
quiet retioent, and not at,ali disposed to lie
communicative. Each. remark above was ellie.
tied by q direct question. :. 80
'The:only gratpitiOus remark he made, was
expressinga great desire to get back to his
camp, as they had entered service on Che 22d
Of April, and enlisted tor three mont Chs only..
their time expiring on che 22d proximo and
that every man yas.apxious and determined to
return home
MAHfh.sp--Ths Baltimore Exchange" al
gallant and faithful journal that has stood true
tots faith while tie ':sun' has gone into
eclipse. end the American" and "Clipper"
bsss. gone into- the, arms Of tbe enemy, dseply
:maurns over the new, degradation sIs.ed. upon;
tbe city Of Baltimore; byt in the midstof i.s
gloon speaks some right brave and cheerful !
words. As follows;
Ths'peoPle Of Maryland have at least been
compelled TO drain to- its bitter drecs the euf,