New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-09-05

CosFEpxRArE STATES or AsRRIcA ,
-- TRE,srar DEpaHTgEsT Fsietrnond hng "a. Iatif1S
The Congress OF the Confederate States has ap-
thorized the Secretary of the Treasury TO issue
Bonds to an extent not exceeding one hundred
millions Of dollars for the purpose of funding its
Treasury Notes and for making exchanges for the
proceeds of the sale of raw produce and manufac-
tured articles, and the purchase of specie and of
military Stores .F,-. .ee .. s,g+.g.= Z
tary appointed Commissioners, resident in different
sections OF the several Statea to solicit in advance
from planters, manufacturers and others, subscrp-
tons of the proceeds of the sale of their crops and
other branches of industry, TO be paid for in Bonds
of the Confederate States. ~ .r. ss
To the patriotic and Jealous efforts of these Com
missioners, less than to the lofty patriotism of
the people, the Government is indebted for an ag-
gregate subscription which reaches already many
millions of dollars. The iberality of every class
of the community has been eyinced. The cotton
the rice. the tobacco and the sugar planters have
We'd with each other, and in the first named staple
alone the subscription in several of the States
reaches from one-third to one half of the entire
crop. .y y. N VII
1t is not proposed, as has been frequently ex-
planned, to interfere with the usual and customary
arrangements of planters and others in making
sale Of their produce. This is not necessary. 1t is
only asked that each individual shall indicate in
advance the proportion of the same which he is
willing to subscribe, the time and place of delivery,
the factor or merchant in whose hands it is to be
placed for sale, and who is authorized to pay over
the proceeds and receive in exchange Confederate
| Bonds. These Bonds carry interest Of eight per
cent, payable semi-annually, and are not to be
| issued of less denomination than one hundred dol
| lars, except where the subscription is for a less
amount, when the limit is fixed at fifty dollars
The payment of the principal and interest of the
| Bonds is secured as will be perceived, by specia
| act Of Congress.
| The agricultural and manufacturing Interest,"
| which have now the opportunity of contributing
| to the wants and sustaining the credit of the Gov
| ernment, were not in coudition to make cash sub
seriptons to the loan previously authorized. Thei
surplus capital was already invested, and thei
command of resources, in the nature of things, wa
| mainly to be looked for in the future Upon sucl
| future resources they are authorized safely tt
| draw, and the investment proposed, aside from it
claims the score of patriotism, may be regarded
| altogether as advantageous and as safe as an,
| other business transaction. -a.eur-- .-.
The time of sale referred to in the caption of thu
lists which are sent out is intended to indicate th
usual date at which the crop is brought to market
and will of course be subject to those considera
tons of mutual interest which would postpone
sale where the property would be sacrificed.
| Special agents have been appointed or will b
| appointed, in every county and district of th
South. They will be furnished with subscriptio
lists, and requested to bring the subject befor
their fellow citizens in every proper manner, b
personal appeals, public addresses, or through th
instrumentality of the press. The results of thei
labOrs will be communicated from time to time t
this Department, and it is requested that dgeR
mil endorse upon the lists the name of the Pos
| Office County and State 10 Which Hey belong.
| "' G, G. MEMMINGER, the II