The New York herald., 1862-09-15
The Rebel Government and the Rebel
Produce Loan.


The Rebel Government and the Rebel
Produce Loan.
JACKSON, August ., 1863
10 rsN Es1sea ns hKsruFpsAs-
With yvUf PERMISSION viii make sons sssss ana e.
paanaoE that appear 10 be called for order y SEE
rht before the public the question tAs produce loan,
wh6ch from This and lie adjoining states over which
havc the s<minsratios, am reoesving number a
sttars.
7he object Of govesnMcnt in issuius its bonds having
long period 70 postpone u that extent exist
Ing liabilities absorb Treasury notes and ty keeping
Gown the crculason, ,eaantan the reputation Of these
The nrss issue Of bonds was taken up very prompsyh
or patriotism their then inability to resond but ~
claPing their willingness 20 do whenever their
duce, q which she harvest promised abandantly ;oeah
with iul faith an the patriotism Of tas wealthy ~nd
Influential interest, and taking Il At is word govern
dred millions a what called Produce Loan Bcnds,n
drawing eight rcr interest," and protected tho issue
by direct or ..war tax" Subscriptions Aereupem
sHes arrived Il asetataed that dnda1 isted for
many p Me srtiels pledged esc.p es y,''o.s sacrifice
he interest OF the government well Of the sub
scriber dictated delay and this publicly announced
by the Secretary Of the treasury.
Thus stood the contract itself being in wisO
regarded dissolved or dssoiublo except BY mutual con-
sent, but simply suspended.
The pressure Of the war progressed, developed
state Of things Capital in large amounts the
suit Of past present earrings, hitherto seeking the
greater and minor branches OF and other
dustry finding itself without employment, began to be
attracted 70 cotton for which entered in active conpe-
tOn at prices regarded far during the past few years
and 10 certain sectCes supposed 70 be best protected
from the enemy very much above the average Of those
years.
such fact brough. home 70 the knowledge OF the gov
ernmont, justified prompt calling in Of the subscrip
tionsj being supposed that more favorable state Of
things did not enter into the contemplation Of parties
and thai the Involved something Of patr
otc offering In which personal sacrifice not excluded
Meanwhile, too, representatives Of ne capital Assd aosOad
propositions looking favorable aduances ygn credits
upon such Of ne ooMmercsd staples as might coroI and
70 = aaes,oass by y approved he aIs
Aprsst authorized such staples TO be Saken when sub
scrSsd q fair market valve should the :Soscrns.
bonds, was at first contemplated. The Secretary Of
the Treasury instructed BY the act 70 make arrange
produce certscaee covering them to hypoths
cate dispose Of the same as may best promote the pub
Thus you vii. perceive that the whole matter il re-
duced into very narrow compass.
The gt and spirit Of the contract being that the planter
should invest IN bonds the proceeds OF certain part Of
the whole Of his CROP the place, time and manner in do
ing so are mere accidents TO bs controlled modified or
abrogated by circumstances that may arise. The obec
tion that more favorable opportunity Of selling may
hereafter under supposed condition Of things,
could have been raised last spring had the ports been
The ruling prices are about what would have been
regarded fair then Those Of the future viii be affected
by diminished consumption well as production and
the holders Of cotton must regard set offs against the
prospective advantages heavily increased costs Of trans
portation taxation article being burnt
and the delay which must result in that in
ing settlement and the possibility by means remote,
since i Is limited in certain channels whatever You orl
may think of the policy, that the destroyed l0 be
charged the crop saud ,cIich IL has directly nted.
1t will be at least source of qualification to the planter
that advantage has been lost to him in the
action II has enured to the benefit Of government with
whose fortunes IN its hour OF adversely prosperity alike
ills entirely eonsistent with the reasoning Of this note
that the subscriber may como forward If ndsposed to
part with the property and berate his crop by the pay
ment Of amount which at present prices would
the subscription.
The purpose N view being to convert the cotton into
money credit follows that new subscriptions TO any
extent will be received, but that the article Of
necessity be in mercantile order well baled
bered with individual State iene well protected from
the elements, not in quantities too small for udicious
and economical administration, and not Immediately ex
posed to the enemy.
any plantation not less than twenty bales and
subscriptions Of less than that amount will be kept
corded unless released by sale and payment Of the pro
ceeds
AT the time Of purchase by the governmen. the sub
scriber will sign the following, which viii be furnished
in Duplicate
In consids Of - dollars, paid in bonds Of the
sa SsVs .s g s and % ss 0
bales OF cotton. marked and numbered in the margin
,s. s ss
plantation and 70 deliver the same, my expense.
DE o se ss s ss s,as
his agents, or his or their assigns
The agreement be endorsed by agent and such
agencies expected to be created by ut early
day in each Of the counties Of this State OF louisiana
who will certify 70 the quality. quantity weight
diion and market value Of the cottou that 1t s under
secure cover and has been marked with the Of the
planter and the initials Of the Confederate States
The bonds Of the Confederate States drawing interest
OF eight per constitute Of the best
most advantageous Investments that be offered TO
capital and those who have control Of even the smallest
sums cannot do better than 10 invest them funds
which now believed 70 be everywhere in demand and
81 par The interest il payable semi annually by the
treasury agent in each State and has been explained
Is secured by the tax export duty cotton.
Of patriotism and devotion glorious
should alone hswever induce every good citizen
give his aid TO his country by taking large
as possible OF these bonds. Your obedient servant,
7 n