The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1863-09-15


der the other day in confounding thoRa-
tional loan Of France with the it
mobilier, which, we are further told, y q
tax on moveables, as its name seems 10
imply. We hope we shall be considered
sufficiently candid when We admit that
the mistake arose from sheer ignorance
on our part, and sufficiently self-possessed
when We declare that we arc rather
pleased than otherwise at the occurrence,
since it affords us graceful opportunity
to recur once more to subject winch
we are disposed to regard as OF vital i'm
portance.
We are firmly convinced that the cot
ton bonds offer the best chance for an in
vestment Of any property within the
limits Of the Confederate States, and that,
too, apart from all sentiment Of patriotism,
which ought to be a controlling impulse
with every man in this hour of difficulty
and danger. II the enemy succeed in
subduing US, he will confiscate all prop
erty with the utmost impartiality. Land,
negroes, and stocks, will all 60 the way
Of everything that is mortal. The cot
ton loan, therefore, is not in more peril
GUS condition than every other descrip-
ton Of property. Ii we succeed, it will
he the best stock in the world. Ii we do
not succeed, it will be 10 worse than any
other subject Of property. One way to
ensure success is to purchase these
b0nds-purchase the whole Of them
and thereby retire t25O, 100000 Of our
assignats from circulation. This, as Mr.
Tyler very properly says, is the weak
point Of our defence The enemy can
never conquer Us by force Of arms, al
though he may be occasionally success
full. II we ever are to he subjugated our
ruin is to come through this breach. But
there is no necessity for its coming from
that quarter, or from any other. BY the
joint operation of the tax and this loan,
if the people will only be wise in time,
the currency may be curtailed, and the
terrible photographic press at the Treasu-
~ stopped short in its career. We have
not the slightest doubt that if President
Davis, having first procured the necessa-
ry legislation, if any further legislation
be necessary, though We cannot see that
it is, win hut follow the example Of Ma
poleoh Ill. in appealing to the people to
take the loan, it will all be taken in a
q short time. Every man can spare
something to invest in his own name and
that of his family for such purpose, and
no person would be required to invest a
large per ceatage OF his income. Some
would, no doubt take a thousand dollars,
some five hundred, some one hundred,
some fifty, and some twenty-five dollars
worth; and thus every man, woman and
child.wOuld come to own something in
the loan, and become, to some extent,
pecuniarily interested in the stock. We
earnestly hope President Davis will try
the experiment. He has no right to
doubt the success Of any appeal he may
make to the patriotism Of the people.
He has often appealed to them. and never
without meeting with triumphant re-
sponse.
One word about the farmers. We are
an agricultural people, and most Of the
money goes to. the farmers. Receiving,
AS the farmer does now, five dollars a
bushel Jor his wheat, he may be tempted
TO think he is doing better business
than he ever did in his life. We recol-
lect, when we were child, hearing a su-
perstitious old negro say that Free Ma
sons sold themselves to the devil, who
furnished them with any amount oil, ap-
Yarsntiy, silver dollars, which preserved
their character as long as they were in
the hands of the first receiver, but were
sure to turn to dry leaves in the pockets
IL any man to whom he paid them over.
Now, what If our farmers, after having
sold themselves to the devil by laying
out all their money in negroes for the
Yankees to steal, or land for the Yankees
To plunder, thereby keeping IN circula-
ton the notes which it is the all-engross-
ing object Of the Government to retire,
should wake up some fine morning and
and their funds turned-not to dry
leavsa-but to worthless rags in their.
strong boxes? Such will be the ineyita-
bie consequence, we do assure them, un-
less some means be found 10 dry up the
cataract Of assigaats which has already
half drowned the country. They mast
assist in reducing the circulation If they
wish the money in their possession to be
worth more than the paper on which il
is printed. They can do so very effect
ually by deyoting, each man, . very
small portion Of his income to the Ma
tional loan, should the President appeal
TO the people, and in return they viii re-
csive the best guaranteed bonds in the
Coaiedsrscy.