Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-03-19
Are Confederate Bonds n safe nsd p.
ftRbie EuVestnseutF


From the Southern Enterprise
I have been asked By several persons rbst
think Of COnfsdeTats eight per cent bonds a. q
safe and payiRg investment Allow me. in
your paper, to say few words which IF Needed
may help the government, and al ths same tins
put money in the pockets Of those sm0nr ne
Row investing funds. I think Confederate bonds
eminsntlY safe, but success as 8 government Is
now only question Of time. I have never be-
hsved in Q short WARRIOR do I at present see
reasons for believing it viii terminsts a5r eieb=
teen months, or even year longer than tnak
But our hnsl success Is now sure If va sac
eeed, Confederate bonds are the best invest
ment any one can hsve Besides, measures VIII
sooR be taken to sdd Sate Endorsements TO ths
Confederate debt.
If 50, new bonds VIII be issued thus iQiorsed
and these bonds VIII be offered finally ia sx-
change for the present eight per cents. In such.
an exchange, the present bonds viii be 5yor.sh
from fifteen 10 twenty per cent above par--sos
that if the guaranteed bonds are sold 50 other
parties for fifty per cent. premium, they win lie
sold to those haviag tle eight per cent. bonds At
only thirty to shiTty-hys. Under such eircun1-
stances, one who now buys Confederate eiqhs
per cent. bonds, win get for them not oniv a.
interest OF eight per cent. but also IN two years
q premium of fifteen or tWsasy. Adding this 10
the interest, the owner Of these bonds VIII make
on them fifteen OF eighteen per cent. year for
two years, and then, if ke chooses, sell them for
currency better than that he now pays for
them or if he prefers, get instead of them guar
ranteed bonds At less rates than others.
Another ilducement to buy Confederate bonds
is, that IS soon as Onr currency is oroperTv
improved and the prospects Of this are briehtl.
the Confedera5e government viii cay is interest
in specie And still apother reason in counso-
ton Wit4 this IS, that if tie government pays.
cut specie for Interest on its bonds it viii re-
quirs tsxes 70 De paid 10 specie Those who
hold the 4oEds viii have specie enough from the
interest Of their bonds to pay thsiT taxes, but
others VII have 70 buy the specie for the taxes
hold Confederate bonds, we need not be afraid
hold them sre constantly in danger.
In what I have said above, I have e0-ss 5ri
the suPpositiOn only ef the value Of thess bonds
while the war lasts The very moment we have.
peace, their value, SIS compared with others. viii
be greatly enbsaced. In Eoth, eVe.y other
kind Of security WiE lhen 70 down, and these
bonds via Tise. If we had peace tomorrow no
one would take less for Cenfsderats bonds .hg4
-f1Ety te fifty per cent. premium.
l viii be glad at any time to give further IN
formation to any Of ny constituents or others
I write The above because am satisfied thst e
the citizens of this district know the advantage
Of this investment, large amount viii be added
to that already contributed. I trusE & viii lead
many to cali on my friend Hamlin Beaiy ESQ,
the sgentof the government, and obtain the
bonds. List ali seq 70 i, too, that they get the
bonds which have the locgess time to run. They
are by far the most valuable.
JAMES p. BOYCE.