Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1861-06-12

"A AudQC16l Fl0Qs
One Of the chief Inconvenience the Confederate
States will suffer in carrying on the war, will be
the scarcity of money. Loans to any very large
amount cannot be easily effected, because of the
small amount Of active capital in the South. The
following plan, however, authorized by the Confed-
crate States, strikes as feasible one and if car
ried out will no doubt greatly relieve the wants of
the government. The brief exposition annexed is
taken from an appeal to the planters of Georgia by
the commissioners appointed in that State:
Annexed hereto, is copy of the first section of
an act authorize loan, &C. By it you will see that
the Confederate bonds, bearing eight per cent, may
be issued for "the proceeds of the sales of raw pro-
duce." Under this, the Government proposes to
every planter and farmer to receive from him SUBJ
scrpton in advance of his CROP of any portion there
OF, exceeding one hundred dollars in value, and to
pay him for the same in Confederate bonds SO soon
as the crop is made and sold
10 lustrate-You make two thousand bushels of
wheat, the same amount of corn, and two hundred
bales OF cotton. You subscribe 1000 bushels of
wheat, 1000 bushels of corn, 100 bales of cotton,
and specify the place of delivery. When made and
delivered, you or your own factor will sell it. and
pay over the proceeds to the agent of the Govern
ment and receive for the same like amount in
bonds of the Confederate States bearing per cent
In other words, you agree now to sell specified
part of your crop for bonds. That Is alL
What good will this do? An immense good. 1t
will sustain the credit of your Government and con-
vince our enemies that by repeating the same op-
Grafton every year, we can keep up war for centu-
ry, and our people flourish and prosper all the
while.
Let us show you how it will sustain our credit
Take single artcle-cotton. The South makes
annually four millions of bales Suppose each plan
ter subscribes onefourth of his crop and agree to
sell it for bonds-that gives our Government one
million of bales of cotton as basis on which to de-
mand credit They are worth fifty millions of dol
lars-European capitalists will advance that amount
upon them. All planters will not, and some cannot
subscribe at all. 70 ensure enough, let each SUBJ
scribe one-half and we will be to obtain mil
lion of bales. Is there one of you who would not
give one half of your crop to your liberty?
Suppose the rice planters, the sugar planters and
the tobacco planters ALL with equal patriotism sub
scribe one-half of their crops in the same way, do
you not see that no stocks on earth can compare
with ours as a desirable investment? Here, then,
is our credit established
The grain raiser more Immediately assists the
Government, for his produce we will buy directly
to feed our armies.
1t may be suggested-suppose the blockade is
made effective and continues-w not the scheme
fall? Not at all. First because the blockade can
not continue, as every sensible many knows. We
have not space here to show it. Second the cotton,
&C., will be like the banks coin in our vaults (the
warehouses) and will give credit to our notes
though the vaults may be temporarily shut
We have thus briefly developed the scheme
Need we add a word of exhortation to Induce you
promptly to respond? What you do must be done
quickly. hearty response from you will strike
more terror into enemies than the most brilliant
victory won by our arms. The appeal is to each man.
He that reads and fails to act gives aid and comfort
to those who have predicted our bankruptcy. He
that seeks out the opportunity to contribute his
mite sustans and strengthens the arms of our SOL
diers.