Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1861-09-07
iCIRCULAR.l
CONFEDERATE STATES OF AMERICA.
Richmond, August Cpd, 1856

Richmond, august Cpd, 1861.
The Congress of the Confederate States has au-
thorized the Secretary of the Treasury to issue
Bonds 10 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.
Under the authority of previous Act the Secre-
tary appointed Commissioners, resident in different
sections of the several States, to solicit in advance
from planters, manufacturers and others, subScrip
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.
To the patriotic and zealsous efforts of these
Commissioners, no less than to the lofty patriotism
of the people, the Government is indebted for an
aggregate subscription which reacher already many
millions of dollars. The liberaty of every class
of the community has been evinced. The cotton,
the rice, the tobacco and the sugar planters have
wed with each other and in the first named staple
alone the subscription in several ofthe States reaches
from one-third to one-haf OF the entire crop
l. is not proposed, as has been frequently explain
ed to interfere with the usual and customary ar
rangements 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 the proceeds
and receive in exchange Confederate Bonds. These
Bonds carry interest of eight per cent, payable
semi annually and not to be issued of less denom
nation than hundred dollars, except where the
subscription is for 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 special Act of Congress
The agricultural and Manufacturing interests which
have now the opportunity of contributing to the
wants and sustaining the credit of the Government,
were not in condition to make cash subscriptions
to the loan previously authorized. Their surplus
capital was already invested, and their command of
resources, in the nature of things, was mainly to
be looked for in the future. Upon such future
resources they are authorized safely to draw, and
the investment proposed, aside from its claims on
the of patriotism, may be regarded altogether
as advantageous and as safe any other business
transaction.
The time of sale referred to in the caption of the
lists which sent out is intended to indicate the
usual date at which the crop is brought to market
and will of course be subject to those considerations
OF mutual interest which would postpone a sale
where the property would be sacrificed
Special agents have been appointed or will be
appointed in every County and District of the South
They will be furnished with subscription lists, and
requested to bring the subject before their fellow
citizens in every proper manner, by personal ap-
peals, public addresses, or through the instrument
ality of the press The results of their abors will
be communicated from time to time to this Depart
ment and 1t is requested that agents aciU endorse
upon the lists the name Of the Postofee, County and
State to 9Ohich they belong.
The sections of the several Acts of Congress
which relate to the subject Of the loan are herewith
annexed
c. G. MEMMINGER,