Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-10-13
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EX GOV. N0REHEADS FINANCIAL SOHEfE.
Ril Ezesii,hsy J.SirsOH Darts, -
President IF ne CoffsdsrGts States Of America !:
The mot We which prompts this address s he apology
tfsr,d Tor the liberty have taken. desrs 10 en-
gage the attention Of my counirymen and through the
use of your honored nams hope 10 do It. The noble
army Of liberty of which You are the chief has sprutg
into existence by magic. and their deeds OF Vaor
and heroi rival the most brilliant feats OF arms that
history has RICO dod. rs. -ll.
The voune Republic at the head Of which you are
psosd came into existence without army, without
neyv without arms and munitions OF war, without
money or financial organization or ioreiga credit and
for hWith had 70 encounter, many bloody field the
iWer of one Of the greatest nations of the GARTH and
whose prepare ions for compete and to which
We lad go largely contributed
That yCuhg Republic, now in the third year Of its
istence has in the field armies well equipped which
ser fail 10 prove victorious the best armies
the facO Of lie planet" when they can meet them on
terms bordering on equality. II has arms and muoi
tons Of var in abundance Its little navy is the terror
OF the ensmys commercial marine aud insurance COM
pauies Il has well organ xsd Government, where
life liberty and property are duly protected, and its f.
nancsl operations, by which all this has been effected
Us yet have scarcely been felt by is czsns; aud the
only thing needed insure Independence, is TO
place the credit of the Republic as high in the esima
ton Of the people its vaor has been placed. Can
this DO done UnQuesiOnsbly. Il would be u ref &C.
ton on the patriots at home 10 believe that they will not
achieve the former noby the pair OTIS in the army
have achieved the latter
Ard IL is this subject wish 70 draw the attention
Congress must stop the running Of the blockade IN
less for the beae6t OF the Government and permit
impoFtatons, unless il may be Of articles OF prime ne
cssity Vhich cannot be produced in our own country
and for the mIortati0n OF which permit shall be
granted by the Government upon such terms as may be
imposed.
Congress must cease to discredit any Issues Of Con-
federas notes by its legislation and put them all
ty regardless Of the dates Of their issue il must
place its ssues upon equality lat least with its own
pecple) with currepcy whatever, whether metallic
or otherwise. IL must stop the export of gold, and
treat every dollar OF is issue of value tqlA to
any dollar in existence.
10 effect 30 desirable an object it may be said Is i'm
possible while toe Confederate currency is redun
dAnt Then reduce tia. redundancy Can tins be dOnef
think il can be- effected and that quickly il peo
pie will take it in hand. And this brings TO the sub
sct matter TO which wish direct the attention OF
the Government Congress aud the people of the Con
federate States.
Let four thousand shares of stock Of one hundred
thousand dollars each be subscribed TO be paid into the
Treasury in Confederate Treasury Notes when the
whole stock is subscribed and the subscription not to
b, obligatory unless the whole Is subscribed but any
subscriber may pay in any portion Of his subscription
at his pleasure.
orgress authorize the Secretary Of the Treasury
issue Confederate b0nu5 70 tue amount VI TOUR nun
dred millions Of dollars in payment Of said subscrip
lions TO bear an interest Of six per t. per anpum,
pa,abs semi-Snnaally and to be free from all taxation
whatever. l will give the form of subscription list
which will indicate the character Of the subscription
aud the sgislation that may come neOesta y, viz:
We the subscribers hereunto, bind ourselves 10 pay
TO the Confederate Government the sum Of one hun.
dred thousand dollars for each share OF stock By
subscrbed as soon four thousand shares shall be
subscribed by individuals companies or bodies corpo
rate or potic which subscriptions shall be forwarded
10 tbe Secretary OF the Treasury Of the Confederate
States and by him duly made known by pro ,amAon as
DON as the four thousand shares subscribed: Pro
yded that Congress shall authorz, the Secretary OF the
Treasury TO issue bonds coupon registered at the Op
lion of the subscrbers bearing interest at the rate Of
six per cent per Snnum, payable semi-annnaly, aud
the principal payable thirty years after date which
bonds shall be free from all taxation whatever by the
Confederate or State Government any other author
y and shall be delivered in payment par to subsori
bers and Subscribers only upon the payment Of their
subscriptions in Con ederate currency Of any ssue Tor
auy other currency the Treasury DeparUnent may
oeoO and shall be in Of thousand dollars FIVE
dollars oaoh as subscribers may prefer aud the interest
acorung on said bonds shall b. subject to no taxation
whatever until year after the may be due and
PAYABLE, and S! al then be taxed as ether moneys.
Provided further, that no sub crpHon shall be Obga.
tory ON the subscriber unless the whole four thousand
anv time paw into the Confederate Treasury all or any
part OF his subscription and receive bonds to the
thus paid and shall not be held bound to pay the bal
ance Of bis subscription unless the whole tour thousand
shares are subscribed the subscriptions to be paid
nsa nsnts the Secretary Of the Treasury may re-
quire.
Good reasons exist why the subscription should be In
shares aud none but subscribers be entitled 10 receive
the bonds To assign these will 60 too much into
detail but they will be readily suggested to those who
think on the subject. ....... .r...
Can these subscriptions be obainedi do not doubt
t. Let every individual able to subscribe or more
shares do so let companies combine to take share and
the more persons forming the company the better let
every person who spare one hundred dollars unite
in SONS company so that all may avail Themselves Of
this nOn-aX paying Investment and render service TO
their country by aiding to improve her currency and
strengthen her credit Let every incorporated company
CITY, town hamlet, village, railroad, and bauk take
shares to the full extent OF their credit If they have
the fund ready much the better; il not, let them
borrow and oau to the Government receiving in return
the same interest they have to pay out Ia other
words they have o cd their country their credit to
the extent of their subscription.
But TO those bodies corporate or polite, whose boads
will command premium, what an opportunity for
speculation If the sordid principle Of gain aust be
substi uted for patriotism
Take the CITY of Richmond or Columbia for instance
Say their bonds are at hundred per csat premium
or one hundred dollars Of their bonds will command in
the market two hundred d1srs of Ooefederate ouIrsn.
cy Let either Of those cities subscribe one hundred
OF these shares ten millions Of dollars Tho sale Of
five millions Of her bonds will raise the Confederate
currency 20 pay for the ten millions of Confederate
boud' Sac will receive annually these bonds six
hundred thousand dollars of interest," and pay out three
hundred thousand dollars leaving three hundred thou
sand dollars sinking fund, which will e1tnguish the
debt in some twelve years.
s.et the whole income of six hundred thousand dol.
lars after the debt is paid Of be compounded Tor the
balance OF the thirty years the bonds have to run and
that city will have between twenty and thirty millions
Of dollars principle and interest," raised upen the loan
Of her credit to her country upon five millions.
The bonds Of most OF States are at large pre-
MUM; should they pursue similar course, similar re-
suits will ensuo. But doubt should such results
not ensue that every State Of the Oonfederaey stands
ready TO subscribe to those shares and AAn to the