Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-10-14

when they can meet them on terms bordering on
equality Il has arms and naaitions of war in
ahnHdEnce. It's little navy Is tho terror si tho
enemy's commercial, marine and insurance com
pSDieH " has well organized government,
where life, liberty and property arc duly pro
teeiedi and iis financial operations, By which al
this has been effected, as yet have scarcely been
lelt by its citizens aud the emily thing needed TO
insure 0OT Independence, is 70 place the credit Of
TIE Republic as high ia the estimation Of the
people, as its vaior has been placed. Can tbis
be dous7 Unquestionably It would ba-a re-
Aeeiien CT tho patriots At homo to believe that
they VIII not aehisve the former, As n0bly as tls
patriots IN tbs army have achieved the latter
And it's to this subject thst 1 wish to drew
the stisntiOn Of nay fslsw-citzens.
Congress must stop the running Of The blsek-
sde unle5s for the benefit Of ths Government,
and permit no importati0ns, uuless il msy be
articles Of prime necessity, which cannot be
produced in eur own country, and 70. the i'm
poTtstion Of which, permit shsll be granted
upon such terms as may be proposed
Congress must cease 10 discfs5it say issues
Of Confederate notes by its legislation, and put
them all on al equality, regardless Of the dates
OF their issue; i must place its Issues upon an
equality (at least with its own people, with any
currency whatever, whether metallic or other
wise. Il must stop the export Of gold, and treat
every dollar Of its own issue as if valBe equal
10 any dollar in existence.
To effect 50 desirable sa object il may be said,
impossible, while the Confederate currency is SO
redundant Then reduce that redundancy.
Can this be done I think il can be effected,
aud that quickly, if our people will take il in
hand And tais brings me to the subject matter
to which 1 wish 70 direct the attention Of the
Government, Congress and the people Of the
Confederate States
Let four thousand shares of stock, Of one
hundred Thousand dollars each be subscribed, to
be paid into the treasury, in Confederate treas
ury notes, when the whole stock IS subscribed
and the subscription not to be obligatory unless
the whole is subscribed but any subscriber may
pay in any portion Of bis subscription at his
pleasure.
Let Congress authorize the Secretary Of the
Treasury TO issus Confederate bonds to the
amount Of four hundred millions dollars in pay
Beat of said subscriptions, to bear an interest
of six per cent psr auuum, payable semi-snuu-
ally and 10 be fee from all taxation whatever.
1 viii give the form Of ssubseTiption Iiss which
will indicate the character Of the Subscription
and the legislation that nay become necessary,
viz;
We the Subscribers hereuutO bind ourselves 10
pay to the Confederate Government the sum Of
one hundred Thousand dollars for each share Of
stock by us subscribed as soon as four th0usand
shares shall be subscribed by individuals, com
pAnies, or bodies corporate or polite; winch sub
scriptions shall be forwarded 10 the Secretary Of
the Treasury Of the Confederate States and by
lnm duly made known BIZ proclamation - soon
AZ the four thousand shares are subscribed /;
Provided that Congress shall authorize the Sec
Ietsry Of the Treasury to issue bonds, ICON
pom, or registered, ~ the option Of the sub
seribeFs) bearing interest at the rate Of SIX per
f.ratk nuwnAnl1. and
the principal payable thirty years after date,
which bonds shall be free rom all taEatiSE what
sveT, by the Confederate CT Stale Govern ments,
0r any other authority, and shall be delivered in
payment Rt par TO subscribers (snd subscribers
only) upon the payment Of their sabsel iDtions
in Confederate currency Of any issue, Cor any
Othsy currency tho Treasury Department may
accept, and shall be IN sums Of one thOus aud
d5llara five hundred dollars, two hundred dol
lars and one hundred dollars each as subscribers
may prefer, aud the interest aecruing On said
bonds shall DO subject to 40 taxation whatever,
until one year after the same may be due aud
payable, and shall than bo taxed Us othBr mon
eys-
Provided farther that no subscription shah be ohf
gatory the subscriber unless The whole four thou-
sand shs-es shall be subseribedi but any subscriber
NAV az any time pay into the Confederate Treasury All
part OF his subscription and receive bends 70 the
amJuu Tins paid, and shall not b. held bound 20 pay
the baispen oT his subscrpto unless be whole four
tberszud share are subscribed; ihe subscriptions 90 be
paid iustalieats as ths Secretsry % tbs Treasury
may require.
Cod roa,ous ex sl why the subscription sb suld be
shsres subscribers Be entitled 70 receive
the b nia To ssssu tarss reasons VIII - 20 iAueh
into dtsh, but they wiu be readily suggested TO thoe
whs think the subject
Can these subscriptions obtained DO not doubt
It. Let avery Individual able to subscribe more
shares do 20; let companies combine take sssrei
and more persons forming the company the be-ter;
let every person who can spsrs one hundred dollars
n ma
Of this non tax-paying investment and render service
TO thtir country By aiding 20 nfrove her cHTsney aud
srsngthsa her credit. Les every Incorporated cou-
pzHy, city, town. hamlet village railroad, and bsk
take shares to tbs fun extent Of their credit II they
have the funds ready, 50 much the better if not let
them borrow and loan TO the Gevernm5nt; receiving
in return the Interest they have 70 pay out IN
other wsrs they have losnad their country their credit
I 10 he extent Of their subscription.
Bat 70 hose bodies cOrnorste OF polite whose bonds
viii eommsnd premium what an opportunity f0r
speeulhton IL tta s0rdid principle Of gaia must be o
Take the city Of Richmond or Columbia for instanes
Say thsir bones at hundred psr mt pssIaiu
or one hundred dollars OF their bonds viii uonsnd il
the mset two hundred dot siE Of 0oEiederate nsuay
Let either Of those cities subscribe hundred Of these
shares niliious Of dollars The sale Of hve m01
OF her bends VIII raise he GonEesr1te currency 70 psi
for he ten uilions Of Confsderats bOnds She viii 70
/ esiVs Gnnusly these bouds six hundred thUussuf
collars OF interest and pay ou three hundred thOussns
/ dollars leaving three hundred teeusand dollars
siakiug fund.- which will extinguish the debt las
/ twelve years.
Let the whole income OF six hundred thousand dol
lars after the debt is paid or be compromised To- tn
balance Of the thirty years the bozds have run
that city will have between twenty ind thirty m0u
Of dollars principal ana interest," raised upon hs losi
Of her credit 70 her county upon i've millions.
Ths boRds Of most Of our States are as large pre-
MUM should they pursue similar course, similar re
suits will ensue But doubt, shOu such reEnt
ensus, that every State Of the Oonfedsrssy stand
ready subscribe TO those shsres and loan 20 the Gen
ara Government their CT dit TO any amount necss>sr
70 close the suhscnptionf This being done, aud th
money, large portion Of II paid in the volHma
currency viii bs grestly reduced money viii riss ID
vaue, property will tah n price, and the war will b
carried oneaf forath Of its present
] Thsa will = Confederate dolls sqasi n god dollar
when The latter shsh not be SLOWED TO ruu the block
To bring abolt consummat on Of this sssitabb
state Of things ct "a bsgn besin now-delay not
moment Let the people in their primary meetings
corporations in TIE ingE of hsir directors iegss
rs in the hais Ct legislation, sgny 10 YOU through
/ NE secretary % me treasury ths smoun1 eaea .
willing 10 subscribe, before Congress shall meet and
feel aaursd that you Will with pleasure Icy III appii
/ csti0n Of your fellow citizens before tbas h0uorab
body aud asS Tue legislation hecessary 70 effect tl
| object
should TIL, scheme be communicated What subj n
spectacle 10 Ba1Ol1i The Erouudaueil Of he people
the uplsEyai Of tho masses, risiDg Ia their might
rendering. uIm,sEed, to tie county four hundred mil
lions Of dollars. Let the afidghted degraded NOrib
stand sghgst and irenble-tlst North which has en-
dayed lsseu shat We might not BE- free. Let Gurop
look Witb suiazsment and wonder; that Europe
within Wboe confines nation, great small, hss "
been found with Bnl expansive enough 50 recOszs th
Independence Of such people. But what csre We
Our trust s in the iuste a. csase IN she strength
OF our own ughl arm, szd in the protsctisI q ihs
Holy Being who eontrOls the destlniss Of nstiass W
aleh reliance his now free ana iudepend
snt. and ere long hope will ss q happy people.
Wth distinguished eonsdsratlons your obedisHt ssT
vsnt J. n. MOREHEAD.
ORksssBoRo, n. o.
The Bsssederlfe states and sreaI Britain
We sotjein two articles from The Londol
Tlmes relating 10 tbe interests Of the CoDfsderat
States;
I THE WITHDRAWAL or MR. MASON.
Frem the Lsndon Times, Sept 2al
When application was made for prospective
guarantee of property 70 be transferred Dv sh
/, (4overnmsut Ia Rritish subiects m orler ~ mr.