The Lancaster ledger. [volume] (Lancaster, S.C.) 1852-1905, 1863-01-28
Are Confederate Bonds a Safe and Prof
liable Investment

MEssRs EpIroRs Il have been asked
by several persons what | think Of Con-
federate eight per cent. bonds As safe
and paying Investment Allow me, in
your paper, to say few words, which if
needed, may help the Government, and
at the same time put money in the pock.
cts of those among us now investing
funds. | think Confederate Bonds emi
nently safe, but success as Government
Is now only question Of time, have
never believed in short WARRIOR do |
at present see reasons for believing it will
terminate for eighteen months, or even n
year logger than that. But our final
success is now sure. If we succeed, Con
federate Bonds are the best investment
any one can have. besides, measures
will soon be taken to aid State endorse
ments 10 the Confederate debt If so.
new bonds will he issued thus endorsed
and these bonds will be offered finally in
exchange for the present eight per cents.
In such an exchange, the present bonds
will be worth fifteen 10 twenty per cent
above par-so that If the guaranteed
bonds are sold to other parties for fifty per
cent. premium, they will be sold to those
having the eight per cent. bonds at only
thirty to thirty five. Under such circum
stances, one who now buys Confederate
eight per cent. bonds. will get for them
not only an iuteres, of eight per cert
but also in two years II premium of tf
teen TO twenty. Adding this to the inter
est, the owner Of these bonds will make
on them fifteen 20 eighteen per cent. a
year for two years. aud then, il he chooses,
sell them for currency, better than tina,
he now pays for them; or, if he prefers,
get instead Of them guaranteed b ,nds al
Iess rates than Others.
Another inducement to buy Confede
rate Bonds is, that as soon rs our curren.
cy Is properly improved, ("nd tie pros
poets of this are bri gh,,) the Confederate
Government will pay its Interest, in specie.
And still ano.he. reason in conu.c,iop
with this, is, that if the Government paws
out specie for interest on it's bonds. i, vii,
reqn're taxes TO be paid in specie. Those
who hold the bonds will nave specie
enough from the interest OF their bonds for
taxes, but others will have to buy the
specie tor the taxes, ut whatever NAV be
charged. As long rs we hold Coufedo.
rate Bonds we need not be afraid OF tax
es, payable In specie. but those who do
not hold them are constantly in danger.
In what have said above, have gone
on the suppositoa only Of the value of
these bonds while the war lasts. The
very moment we have peace, their value
as compared with others will be greatly
enhanced. In truth, every o,ler kind o!
security will then 60 down, and these
bonds will rise. II We had peace TO NOR.
row, no one would take less for Confede.
rate Bonds than forty to fifty per cent.
premium.
| will be glad at any time to give fur
ther Information to any of my cons,ilu.
ents or others. | write the above because
am satisfied that If the citizens of this
District know the advantage of this in.
vestment. a large amount will be added
to that already contributed. trust il,
Will lead many to call on my friend
Hamilton Bea:tie, Esl., the Agen, of the
Government, and obtain the bonds. Let
all see to it, too, tha: they get the bonds
which have the longest time to run. They
are by far the III ost valuable.
JAMES 7. BOYCE
- =
Tntaraofi,,or Nfy