Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1861-04-11
From the Southern Guardian.
Our Public Credit.

The following interesting article is from
the Montgomery (Alabama) Mail. There
are indications everywhere throughout the
Confederate States that the fifteen million
loan will be eagerly taken up as soon as the
bonds can be issued. The fact is most
significant one, too, that these bonds are in
such demand at par, while those of the old
Union are with difficulty sold at about nine.
ty cents in the dollar. And although
Southern patriotism has much to do with
the alacrity with which these bonds are Of
fered to be taken, the certainty that no in
vestment could be safer has attracted to
them the attention of capitalists looking
only to a pecuniary return. We invite at
tenItion to the entertaining article Of the
Mail which follows:
"THE CoNEEDERAcY's BONDS AND
CREDIT Nothing can be more gratifying
to the people of this country, than the com.
parative standing, financially, Of the Con-
federate States and the Yankee nation,
Those who predicted, some months ago,
that we should not be able to man and equip
arevenue cutter, begin to show signs of as.
topishment at the decadence of the credit
of the people who have, all their lives,
claimed the right to rob their associates
and still more at the indications of the con-
fdence in the financial system of our young
but vigorous government. 1t appears that
the world, the moment we cease to allow
ourselves to be plundered, understands that
we have most reliable basis for material
prosperity. The "Old Wreck" hawks a
bout its paper and sells it to Shylocks at a
ruinous discount; the young confederacy
intimates a loan of fifteen millions, and
corporations and individuals, men, women
and children, hasten to assure themselves
of portion of it.
Within few days we have heard of sew
eral inquiries to large amount for the
Government bonds, although it will be late
next month before MIR. Memmiuger can be
prepared through his agents to offer them.
One gentleman that we hear of desires to
invest the snug sum of eighty thousand dol.
lars in securities so firmly based-others
desire smaller sums, down to the $50 bonds,
which the industrious youth, who has laid
up his pocket money and odd earnings, de-
clares he will have The sentiment of con-
fdence, in this State at least, in the Gov
ernment and its proposed loan, is bound
less United States stock was never sc
eagerly sought for as Confederate State
bonds will be within three or four weeks
And we crust every dollar may be taken BY
our opn people. Capitalists from abroad
would snap up the whole instanter, but the
Secretary of the Treasury has most wisely
arranged to diffuse the amount through The
masses of the citizens of the Confederacy
1t is right that our people should have pref
erence in the matter, as they certainly have
the most ample means to absorb the entire
amount.
One other fact: We know it to be true
that single wealthy gentleman of this
Confederacy, supposing that this Govern
ment might be, for the nonce, straitened
for means, offered to advance it taoo hun
dred thousand cash, for purposes of defence
and if Necessary to have it increased by his
friends to double that amount-the whole
to be without interest, and at the convent.
ence of the Government. He was inform
ed, we learn, that the Government appreci'
ated his patriotism highly, bnt that its means
and credit we're fully equal to every demand
upon them.