Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1863-03-18
The Cotton and Produce Purchase and
Loan.

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The Cotton and Produce Purchase and
Loan.
Through the kindness Of Mr.. A. Roane,
the polite and efficient head of the Produce
Loan Office, the Richmond Examiner has
been able to gather some very interesting
facts in connection with the Cotton purchase
and produce loan of the Government.
The purchase of Cotton seems to have
been prosecuted by the Government with
great yigor and success. With a little a.
rithmetical labor we are able to present the
following statement, showing the amount Of
Cotton purchased by the Government up
to the latest reports from its agents, the
amount purchased in each State, and the
average price per pound:
In South Carolina, the amount of pur'
ohases are 1924 bales; average price per
pound about 1911 cents.
Tn Georgia-Athdunt purchased II, ,732
bales; average, price per pound about IL
cents.
In Alabama-Amoun of purchases &c..
955 bales; average price per pound l6
cents.
In Mississippi and East Louisiana.
mount of purchases 1928 bales; average
price per pound 10 cents.
In West Louisiana-Amount Of ,pur.
chases 1904 bales average price per pound
about IL cents. -
: In Arkansas-Amount of purchases, q.
927 bales; average price per pound, about
10 cents.
Thus it appears the average price pei
pound varies iu the different States, being
lowest in Arkansas and Mississippi, and
highest in South Carolina. The cause Of
the high price in South Carolina is that a
large portion of The crop in this State, is
what is known as the Sea Island Cotton, the
finest and most valuable of all Cotton grown.
The aggregate amount of Cotton purchased
by the Government, as far as reported, is
143, ,595 bales, and the average price upon
the whole purchase about l23 cents. In
this statement the purchases made in Texas,
Florida and North Carolina, are not inclu.
ded, no returns having been received from
those States. With. the returns from those
States it is calculated that the amount of
Cotton purchased by the Government will
amount in all to not less than 250,000
bales
The Government has transmitted to its
agents in Europe, for negotiation, large
number of its Cotton certificates, amount
ing in all to over sl,500,000. The certif-
Gates are in two forms; one proposes to de.
liver the Cotton to the holder at fixed
price after; the declaration of peace; the
other authorizes him, at an agreed price, to
export the Cotton, at any time, from the
Confederate States to any neutral port, on
complying with the acquisitions of the law.
Late advices from Europe tell US that these
certificates are being negotiated to q large
amount over the water, and are readily
bought up by the capitalists Of England.
The exhibit of the produce loan is also
encouraging, and speaks we'll forthe patriot
ism Of our people. The aggregate amount
Of subscription to the produce loan is es-
timated to exceed in value S25, 900, 900,
and consists of 43l, l,347 bales of Cotton (;
$6OS,S75 in money, and ss95, lSO in mis-
cellaneous contributions. These loans have
been collected ut AN expense of only one.
third of one per cent. to the Government.
To collect these subscriptions and to make
purchases of Cotton the Government has
established general agencies through the
South. The following shows the points in
the several States where the agencies are
for the purchase of Cotton:
In Virginia, Richmond; in North Caro-
lima, Charlotte in South Carolina, Charles
ton; in Georgia, Augusta; in Alabama,
Mobile, Montgomery and Huntsville /; in
Mississippi and East Louisiana, Jackson !;
in West Louisiana, Alexandria; in Flori-
da. Tallahassee in Texas, Houston; in
Arkansas, Washington; in Tennessee, agent
resigned, and no successor appointed, there
existing no need for one in that State.