The southern enterprise. [volume] (Greenville, S.C.) 1854-1870, 1863-02-05

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1 = aetNtnsrLwith the beidess OF fsth< coDIede-
sss ~ .,curs,ses ana aoae hnts they ean re-
teass ths States fiofn ttss Mitigation. II seftr
20 thas Wataro which makes these resoia-
lons guarantees VI the whc}e war debt -
tN hss indeed. preerectise ss .sell ~
tesroefectve'enees. It's tnf~sistet tn guar I
sere tns riiars Debt a. wei 10 the fass
.s .eo ~ Seoes hcin uc.f efIvct,nliy.g IL now
we soe 'Stsfes tsst that the Confedernts states
nave mcurr<u obifgsft'Hs 10 its creditors
woicn are nos sceure en"'igil. strt that tho
states ought TO step ia aud rendet them
mere 70. there is prrprie.y IN tbis Ynarau-
,s. zee. bM questr"h w ts's t~ the otjecf--
Tue 9eos cf tne Contederney 10 secure
enongh The oii'gatt"ns ot the sSfat~sSto
Pay n,H the Gotornment te unable, is nm
qusesoned =
ns the deht OF the comm"n sgent: AND
70 the extent of the SHARE o. eaclt it.is the
ocot OF al tue states. When there, n
iIn'sPecs oi iaunre however. and whSn he
Srrd',nrs oil the Governncs's nre ab.ut :"
| i2se. by hs inability to pay. then viii he
| tItne enunigh TO do what would then he q
| simple net of justice, hut would now he the
work of supererogation. Al first LIusl,, the
4 Alabama plan appsars most patriotic. IL
does look Ike cunfi,le nee To- say we will
guarantee tina whole. Some may ,say Il
locke like want of IL tu say m, ,r.Iv w. will
guarantee. two huudr.d nilIions But the
truth IL. 1t Is the one who offers the limited
auarantee who .ssert. the Integrity of the
Govsrnnent aud slows confidence In It's
h', al success. The ~ ject Of these is n.t 10
s:cure the debt, either past or future, though
that. eject may lie incidental v pro,luced (;
bur to furnish The Government n means, OF
eredit by which to raise f,inds to relic, the
| surplus circulation, to appreciate the cur.
4 rsncy, aud to rrtluce hoth the amount. Of
4 incifyal m nd int g H. IL, al
| This, will appear iy ,hc following state.
nlrnts. 4 A.. -. - ...
That Which has led 10 tho idea Of State
| endorsement Of the Confederate deb. Ia that
the securities of the States have q higher
MARKET value ,han ,ho.e of the Coufcdera-
cy. 1t is Thought, therefore. that if the
=, ,at.s will guarantee tLe securities of The
Cohfelcracy, il will incr.as q, ,their Value
Undoubt edlv, this vail be So. Under III.
| AlsGema plan or the South Carolina plan
| the State g,israptees will add TO the value
Of the debt that may be occurred. The
\ question is, shall TINT additional vHIpe
-,fs ssenrer -t-.-.L-- Epaf-,l-racy or To r,,o
"o'oer !" us secnr''tesT The latter Is ne
49, ~ nfapen ny everything THAT e"ahl's
r9 "THe,""ent IN" hrH~r 10 pay Its de,hS'
-h'.,, s ,,'rR','"'a''iy ehe,nngs him. But
| r"n, nave ,h" ahhhi"m"i premium now
| ro"t'd.r., os H'e '"nos wren s"'' Tor
belong to the general ag.nt. and through
j il To The Stote. which he th.;r wis IT,
! =: "e W"'s".'oy ,hrir "se nc'hn
IT, '",s S'n ,ia',.r, nav" erea'ed That premiums
! ium 10 the Goy.rnp,sni thoi ~ Al, l.,,a
| .,,,,,,,a.'.r :, ,s,s ,s" '"' "' h'a"Mha
bnld.,. ,f "S 'e'3 me :': rS"t "nn a., ,"ar1
| l.nn.nn h.. m IL "'e "'e",,''t' h's VIII
| II, /. s '"'a
ho,a. -; a N""rer",S
| a, L;,,,, ,,,s,,,; ,ri e"n VIC '"','
bonds of the States rlope now eomm.,d
from twenty To fortv Der cent T nremim"%
Those Of the Conf.dcracv. endorsed b,. IN.
the follow ing tables I have assumed tbs,
they will b.. worth fif,y p.r cent. ,.remiu,n
I believe they will bring moro than thaf
unlers their value be diminished i.v the
quantity thrown into the market. Bot I
also adj another table. in which only twenty
! per cent. premium i.supros-d. Ev-n wrre
II only FIVE or ten. it would L.. iisr"r, ant, on
80 large debt, 10 SECURE it. At five Der
cent. on two hundred nilli"ns It. win be ten
millions Of dollars gnineL.
| Our present debt Is in ronnd firrre.:
Treas potes in circulation. .$zao, 900 Ooo-