Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1846-11-28

York Courier, after announcing that the
Secretary of the Treasury had issued his
advertisement for loan Of five tnilllons.
goes on TO say
This is precisely what he should rhave tore
hive months ago. On the first OF June his loan
would have been cheetuly taken Of five per cent.
and then tive millions more should have been
borrowed on the first Of July at the same rate;
and II this had been done, the adminis,r alton
would not have felt the want of means TO carry
on the war. Treasury notes would have circu.
lated freely and been in demand and any
amount Of money might have been had from tim,
10 time, at fire instead OF sir per cent. per
annnn. But instead Of pursuing this coursr-
obviously the one which would have resulted in
economy to the Government, and kept the money
market easy-the Secretary Of the Treasury hss
constantly been putting off the evil day, until
now, the Treasury being empty and the necess.
I'es OF the Government pressing. he is compel.
/ ed TO come into the market under the mos, un
favorable circumstances
| To- U.s. however, tits is no source OF rejoicing,
but of deep regret. Our country is involved in
war; and pending the contest. the honor or the
nation and the interests OF the whole people.
Iofb!d that we should pause to cav a, the cause
oil that war. What our Government, requires
now, is not only the sinews Of war, bu, strong
hands. sound heads, aud stout and willing ,hear,s
to bring the war to an carly and an honorable
issue. The future reputation OF our country, and
its character for efficiency in the estimation Of
Foreign Governments, demand tina. we should o,
once bring this war 10 an honorable and satsrac.
tory termination, regardless OF expense: and if
ever there was period when it's The duty Of
Capitalists 10 evince their Patriotism, it is in
crisis like the present. Demsgogues are forever
setting up the cry OF want Of patriotism on tho
part oil merchants and traders and we are sorry to
add that the erroneous course OF the Treasury
Department, has tended 10 produce state Of
Ihngs calculated to increase this cry by putting
1t meaSuEab!y out Of the power OF Capitalists 10
do what they might Otherwise desire. /. was
The duty Of the Government, for its own convent.
ence, to keep the money merket easy, and money
abundant; and this was only to be done, by keep
ing themselves in funds. All the money spen.
in this war, IS either spent a. home or returns
Immediately 10 the country. When, therefore,
the Government borows FIVE millions, ard
throws 1t among the people to defray the expen.
ses OF the war, both the money and its represen-
tal've five millions IF stock, are in the market,
And so if the Governmer. Should want fifty or
one hunndred millions, if they will call for il
from time to time before their necessities drive
them into the market they will no, only receive
! all they want, but, strange as il may appear to
the unreflecting, the money market will be con.
StantIy getting easier. In all heavy operations,
The Stock OF the Government is as good crcu
ating medium as Gold and Silver or Bank Bills;
and consequently, Loans udicously taken up BY
the Government, and the money spen. among our
own people, will bene6. the money market in.
stead Of injuring it.
We are happy to add that all with whom We
have conversed on the subject, uniie in opinion
that the five millions abou! 10 be called for. will
be furnished promptly; but they also add that Mr..
Walker must not in future delay his applications
Tor loans until the necessities OF the Government.
put him a! the mercy Of capitalists, after the Gov
eminent itself. By ouqandering all ila means, has
occasioned scarcity in the money market BY
embarrassing the Banks.
Whatever may be the feelings OF the Wings in
Congress in regard to the cause OF this war. there
can be no doubt but they will stand by the coun.
try and insist upon the whole energies Of h,
nation being directed to insure its early termina.
ton National honor, and not considerations OF
dollars aud cents, will be the prevalent feeling in
Congress: and if We mistake not, the Adminis;ra,
ton will be censured for not having used all the
means placed at their disposal by CONGRESS, TO
bring the war to close, instead OF finding fault
with its expenditures. The day OF reckoning
will come; but not until after the war is ,ermus,
ted.
We suppose il would be very idle 10 suggest 10
the SecfeIsry OF the Treasury hoD to conduct his
Department in this emergency. Blu, il he were
wise, he would tell Congress tina, the Sub.
Treasury is not calculated Tor a state Of war, and
ask its repeal. He would then cause the deposits
banks to understand that the Government bal
ance would never be less than from seven 10
ten millions. This would insure an easy money
market; and at the expiration Of year, the
Government would have borrowed, il necessary.
one hundred millions at five instead OF six per
cent-thus saving TO the country in the next
twenty years at least tirenty millions Of dollars.
at the same time that the war itself would no, be
felt by The business interests OF the country.
Respecting the newly offered loan the y.
York Journal Of Commerce Of Monday
afternoon, I'd inst, says
Our moneyed men doubt whether Mr.. Walker
will even get his six per cent. loan taken. Tbs
best offer for six per cents at the boards to day.
was one premium, with two per cent interest
accumulated, making only 80 for new stock.
GRATING THE TOMATO UPON THE Po4
TAroE.--At meeting of the New York
Farmers Club, Mr.. Meigs read from the
Annals Of the Royal Horticultural Society
of Paris" an account of successful ex.
pertinent of grating stem of the tomato
upon the stalk of potatoe, by which n