The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-08-26

TIE REBELS PLAN OF RAISING THE WINp.--
The Confederate government at Richmond are
without money or credit or stores Of provisions
They can get no money at the South; the banks
will not give them a dime; they can get none
at the North, and they can get none III Europe.
Their only hope is to get hold of the crops OF
the farmers and planters, in the shape Of sub
scriptions in kind for which they will issue
them Confederate bonds, worth about as much
as the paper on which they are drawn, so soon
as the authority of the federal government ex-
tends over cottendom. Subjoined is copy of
an official circular from Mr.. DcBow, formerly
Superintendent Of the United States Census,
editor of DeBotos Revielu and now in the SER
vice of the Confederate government, as super
intcndent of the Cotton and Produce Loan"-a
new and q curious Office in the annals OF the
American government Here is the sagacous
plan of DeBow u Co..
RICHMOND, August Is, 1861.
To TIE people OF TENNESSEE
You have responded with unparalleled unanimy to the
vaaers from soil and to defend the liberties.
The government requires the to keep its great
armies in the field and to meet the acquisitions OF the
These means win be abandantiy Supplied from tho
of its patriotic citizens who have cynced their
determination now, in the Ol'len days which tried
moss souls to sacrifice every interest and possession,
! {, IN life itseM 10 maintain independence.
An issue Of treasury bonds has been authorized to be
made in exchange the proceeds of tho sales of crops
and other industry and these to draw tc,st at the
Of eight per cent per anng These bonds viii equal
in character any other Investments which can made
and supported as they will enable Tho government to
issue and protect its treasury notes to such extent as may
! be proper.
The government proposes every planter and farmor
to ceve from HIM subscription in advance of his crop
oT sn ttr,ic, of exceeding hundred dollars in
value aud viii pay HIM b C6hTosrntc %hen he
crop shall be made and sold The Illustration aslmplo
You Subscribe 900 bushels wheat, 900 bushels corn
900 bales Of cotton &C. less and specify the place Of
delivery, you your own merchant will sell and
ceiye for the same Confederate bonds TO the amount.
The subscriptions already made to this loan embrace
aggregate Ct many millions Of dollars, AMI they arc
still being received iii ratio which the belief
that every want Of the treasury viii be anticipated the
| war advances.
Tennessee has rot yet had the opportunity to respond
and the appeal is now made to her ratrotic citizens
Those who will undertake in the several counties OF the
Slate TO sgct subscriptions will confer public benefit
aud Gfoaliy ali the cause.
The form adopted for subscriptions is annexed.
The agency OF the press IS earnestly solicited in calling
attention to the abCyc. j. ID. D. DEI'0W
Superintendent Cotton and Produce Io1n
FORM or sUfst RifrT0N.
We, the subscribers, agree to contribute to the defence
of the confederate States tho portion of clown
TO respective names; the same u!at eli Ia ware
house or in our factor hands and sofa before IL"
fst day OF . next; and tic net proceed Of $50 wc
direct to be paid to tho Treasurer Ct The Confederate
States for bonds for the amount bearing eight pr
cent Interest
n R.The agent in charge Of this suhscrim'oy vi. III
tic blank as to daie OF ale with the month b,s d
the locality Of tie subscriber in al cases seize IL .e
earliest practicable date.
[Hero follows Lame lost Oiico and State quaint s,-
scrbel, place OF delivery and Of factor or VAR.
house,
This plan of the sage fnanciers of the Sou'l,
viii suit us amazingly. Let the rebcllious
plenersaccumulat their cotton and other pro-
tnce at convenient depots in tic South, and
take in payment Confederate bonds. These
stores will just be ready for our armies by the
time they march to the South, and they can
amply supply their own necessities without the
trouble or delay of taking vast supplies with
them; while at the same time the proceeds Of
the sale of the cotton to England and France
will amply pay the expense of the war, and it
will save those Powers the necessity and the
danger Of meddling with orr coast guard by
all means, then, let the planters send their cot
ton and other produce TO the depots of JEFF.
Davis, and take his bonds as security for the
value. When our army gets hold Of the pro-
perty we think the planters may whistle for
specie payment, either the interest or principal
of their bonds, or for any equivalent.