Daily Nashville patriot. [volume] (Nashville, Tenn.) 1860-1862, 1861-06-19

4
| makes and which is this day presented tC
/ YOU Is to take/a loan from the planters anC
| farmers of produce instead of money. The
| products Of the soil will answer the purpose:
| of the Government quite as we'll as COIN
Grain, bacon and breadstuffs generally, art
| necessary for the subsistence Uf the army
These have to be bought with coin, II we had
it in hand while cotton and tobacco can and
| will at all times command the coin. The
| propositiOu. then. is that each farmer and
! planter shall lend to the Government-nOl
| give but lend-so much of his produce as he
| can spare. and receive Government bonds foI
| il bearing per cent. interest. In this parl
| of the State cotton il the main staple. Bread
stuffs could be got more cheaply elsewhere
Now. if a planter makes so bales Of cotton
| and ten will answer all the purposes OF his
own use and necessities, he is asked to lend
the remaining forty to the Government, and
take bonds at s per cent. interest Instead oil
| LAYING out his surplus in other kinds of pro-
perry. If twenty-five of this fifty be neees-
| sary for his own pressing.Decessltles let him
| lend the other half. If forty be required for
his own wants, then let him lend the remain
ing fifth of bis crop. Whatever may De the
eSDected surplus over and above his pressln g
wants let it be vested in Government bonds
at s per cent interest instead of remainin G
idle fn their hands or put in other kinds OF
property. This is the proposition. 1t Is
easily understood. The form OF subscription
is in these words:
We the subscribers. agree to contribute
to the defense of the Confederate States, the
portion of our crop set down to our respec-
tive names the same to be placed in ware
house. or in our factors hands, and sold on
or before the first day Of - next, and the
net proceeds of sale we direct to be made
over to the Treasurer of the Confederate
States. for bonds for same amount, bearing
eight per cent. interest"
Each one will designate the place and the
agent to whom the cotton is to be sent, with
the number of bales, and the time within
which it is to be delivered and sold. One
word as TO the nature of The subscription here
asked OF course there cannot be certainty
as to the extent of the yield of the growing
crops Subscriptions must necessarily be
made subject to the contingencies OF seasons
aid accidents. While, therefore, no one
should subscribe bale more than be reason
ably expects and honestly intends to deliver,
yet, should he TAIL to comply with the amount
of his subscription from PrOvdentlal or other
goUd cause, no legal risk or forfeiture would
be incurred. 1t is voluntary offer and en-
gagemtnt on the part of the planter. But 1t
will be expected. as matter of coarse, that
the terms of subscription will be strictly COM
piled with in good faith. When sold, the
Government bonds for the proceeds will be
delivered instead of b INK bills as is usually
be case. Should the planters OF the South
subscribe in this way, only one fourth OF their
cotton crop, 1t will give the Government the
command of at least one million OF bales.
Upon all reasonable expectations, the crop
will not fall short of four million OF bales.
One million of bales at present prices would
bring al least $50 600 000-tne sum required.
81 hpInU
enter. d into at this time, is that the Secreta-
nv of the Treasury may raise means on this
pledge in anticipation OF the crop-a process
familiar to many planters. In the mean
time the credit of the Treasury notes will not
be deprecated when the means are supplied
for their early redemption. In this way the
war NAV be Waged on the most gigantic
scale If our enemies SO determine, without
material injury to our resources, or ever re
sorting to any system OF high taxation III
they wage it upon the principle OF wearing US
out by exhaustion, they will certainly fail on
that line of policy before we shall. However
great NAV have been their resources, they
Wera derived as stated, mainly from us.
With this great source of their supplies being
cut eff by their own suicidal act, whence or
from what source is its equivalent to De maue
up? Their operations at present are upon
basis of perhaps not less than 500 OOO.OO
or it may b. S150,OOO,OOO per annin'. "nere
is this money to come from? 1t is true, is Is
a question that concerns them-not US. rs
a question though, not to be overlooked by
US in considering the contingencies OF pro-
tracted war. Most OF their present means
was derived from their trade with US. That
now being cut off by their folly, madness and
wickedness, where is their new stock to come
from when the present is exhausted? The
probabilities are, they will resort to a contis-
cation of the estates OF their merchant prln-
esther Astors and others like him. This
is the usual course with such revolutions.
Such was the course of the JacObins, their
great prototypes Like the army-worm,
when they have destroyed the rich fields they
now feed upon, they will turn and feed upon
themselves.
Not so with US. No people 10 the world
ever had such a vast variety of resources.
While our soil and climate yield abundantly
every thing necessary to human subsistence,
our staples of cotton, rice, sugar and tObac-
co, which other nations must have. yield an-
nualiy not much under $500, 900 600. We
can, not only make enough breadstuffs in
our own limits to sustain our own people,
but sell to others, products to this amount
With a small portion OF this income from
abroad, we can, if need be, sustain an army
of one hundred thousand in the field for years
Grafton, and patriotic concert between the
and the people. If any hesi-
tate in cooperating in this arrangement from
any appreheusions as to the security of their
investment liz these bonds, let such consider,
aud be assured of this; let them remember
aud mark it: If we succeed in the war; if
we drive back the invaders; if we achieve
and establish our independence, they will
have the best security in the world. The
entire resources of the Confederate States
their property and wealth will be pledged,
not only to the punctual payment of interest,
but the ultimate redemption OF the bonds,
making the investment therefore at s per
cent interest, the best public investment in
the world.
Nor let any one timidly doubt of success.
The people of the South can never DE con-
1uered. Our enemies rely upon their num-
bers-we rely upon the valor of freemen,
battling for country, for home, and every
hing dear as we'll as sacred. But if we do
not succeed-should the enemy prevail
should We become subjugated, then not only
will your cotton, but your land and every
Thing else you own, be useless and worthless
To you.
To tina oVeftimid and cautious another re-
fection may be appropriate. This war must
and will be sustained, whether they come to
its aid in this way or not Our army IN the
field, perillng everything in defense OF the
country, OF your homes and your frsides.
must and will be clothed and fed and sup
piled with all the necessary munitions of war.
Our gallant sons will soon follow their
brethren in the field or to ill up ,heir ranks
in case they fall before the enemy Some of
these ready to go are now present. The
cause in which they have enlisted is not their
cause alone, bat the cause OF every uan, wo-
nf..da
they make The highest aud aoblest Offering
man can make. OF all the virtues none Is
purer holier loftier or 20 GodIika az that