The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1861-07-16
Loan for the Defence of the Con-
federate States.

By communication from the Hon. C. G. Memming ger
Secretary of the Treasury of the Confederate States
undersigned have been requested to 1.-the Cen
Board of Commissioners for the State of North Ca
roina to present to the attention of the citizens
this State the Loan authorized by the Act of Congress
of tle Confederate States approved February 81 1861
and to solicit subscriptions TO the same; and
further requested to appoint Local Commissioners al
such places as we may deem advisable TO for The
purpose indicated.
The gross amount of this loan cannot exceed Sl5,.
100000, of which So, 100000 called for in
March last and second call for the remainder is
made.
Bonds with coupons for accruing interest in sums
from $50 to 81 900, stock certificates in the usual
form IF preferred will be issued The interest eight
per cent. per annum PAYABLE sCm-annualy at all oil
principal cities.
The principal money is payable years after Sep
TENDER first next the government rescrying the right
upon giving three months public notice. of paying any
portion OF the Loan at the expiration of five years af
ter September lst
Subscriptions will be received in current Bank
at par certificates of deposit of any the Banks
OF TINS State IN good credit at the Capital and the SUBJ
scriber will then receive receipt furnished by the
Treasury department. which entities him its exchange
for Bonds or Stock TO bear interest from date.
This loan is authorized for the support the Gov
ernment and To provide for the defence of the Coned-
crate States of America and it certainly cannot be
necessary that we shculd make extended appeal
North Carolnians to induce them promptly to
the aid of their government in the crisis existing.
North Carolina has severed her connection with the
Government Of the United States and become inte-
confederate
Of America. Her people through a Convention rcgu-
ry constituted representing the sovereignty the
preme power in State have unanimously declared
and ordained this to be so, and no loyal citizen of
North Carolina will be unmndful of his fat his duty
and his honor thus plighted
This political relation Of our State is how
eyer, recognized, and in common with the others
of the Confederate States she is menaccd with subuca-
ton by The Government of the United States. That
Government in its madness has determined that the
people of the Confederate States shall be compelled 10y
military force to submit their dominion, and al
ready large armies have been mustered conquer AID
subdue Already Virginia, sister State and
nearest ncighbor on the North is invaded, and
thus exists which part is strictly of defence
To the Government of the Confederate States we
have granted the power and that Government have
i'll posed the duty of providing for defence To do
this successfully, and to bring this speedy and
triumphant issue it is indispensable that the Govern
mCnt should be promptly supplied with the necessary
means, and from its very organization it cannot
be supposed TO have these at its command from its
binary source Of revenue. They be supplied and
the alternative is that they must be raised on the
credit of the Government
The loan offered, bears eight per cent. interest
per annum, payable semi annualiy-a profit which
should satisfy any one who may invest in it.
The security-the value of this investment depends
upon the same basis which depends the security
and the valgc of the lands slaves and all Other
Of every citizen of our State. On the successful op-
eratons and SATELLITES of the Government under which
we live, depend alike rights of property and the
value of the securities Issued directly the faith of
The Government.
In addition, however the security for the pa yment
Of The prnc pal ami interest Of this debt guaranteed by
Tie pledged faith Of the Confederate States a duty Of
eighth Of one per cent per pound all cotton in
the state exported from the Confederate States
(about 81 cents per BAILEY is especially provided and
the continuance of this duty until the extinguskmeut
of this debt, until sinking fund adequate that
end is provided, is guaranteed in the authorizing
the loan
For the defence of the Confederate States the Young
men of North Carolina from all portions of our State
have volunteered in numbers beyond the demands of
State ";hOriIics, and this has been done with such
prOmPtness and zeal TO have melted the ad-
mraton of allmOney, however, is indispensable
cn-togcther they constitute the great sinews
Will those of our citizens, Who have offered their
persons for the common defence altogether fail IN sus
tanning the canse their country in this her hour of
trial? There certainly but few whose means are
limited Justify them in Withholding a subscrip-
ton for the small amount of $50 lille there thou
sands who should hesitate invest Grge'y of their
more ample means.
Let every citizen of North Caroline consider and de-
eide the of his investment in this loan as
though his particular action depended the ability of
the Confederate States preserve their existence
nation and their ability to defend and protect his prop
crty his home and his family 1t commends itself to
the favorable consideration and united co-opera-
ton of people, whether farge of small means
by every incentive well of interest of patriotism
and feel thoroughly assured they will respond
this call with such spirit will satisfy sister
States Of fixed confidence in the integrity and sta
bility OF the Government with which have linked
onr destiny. Let us then prove faith by orr acts.
The following persons have been requested to
Local COmmiSsC ncrs at the different places against
ther respective names, and for all subscriptions paid
them, their signatures to the receipts furnished by the
Treasury Department will be valid
Raicigh-G Mordecai, nanl Barringer and \
BicdSoc.
F@yeHer''c-Jcsse Shepherd. Hale, Danl Nc
Diarmid.
EadesLoro--H B Hammond, Thos Ashe, Stephen
Cole.
Ch0rlottc-Jno Walker J Young, Vim r Myers.
-4shsrate-N " NoodGn J F Hardy, y Merri-
-Saicm-Francis Fries, G Lash, Rufus L Patterson.
GreeHS6oro-S Mendenhall, J II Lindsey John 4
Gilmer.
T0aceyr2e- Bedford Brown, Moutfort NJ, Gchee, CAL
Vim Graves
7arjoro-Eubt Britgers, II T Clark, Rob, Nor
feet.
-SS5rjernl-A jenkins. George Green, d Whi,furd
Elisabeth C.ty--W Martin, John Pool and Josiah
I Cranberry.
r. K. DICKTNSON,1
o G. PARSLEY, State CONS
WM. II. WRIGHT,