Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1847-04-16
ANOTHER WING HUMBUG EXPLODED
THE LOAN TAKEN.

The Wings have commended that the Admins
,ralion had not only 'ruined" The manufacturing
and every other interest, but that they had made
bankrupt the national Government, and that no
dollar could be borrowed 10 keep the Govern
men, in operation. This absurd and faclious Ii
bel upon the counlry's credi; is utterly fefuled b.
the following important information in Monday
nights Union
I'VE have The pleasure Of announcing that lhs
whole oau q eighteen millions is taken above par
a, premium varying from one-eighlh 10 Two pei
cent, The whole amour, bid was 257. 40. 1883
Of which The sum OF S54926 ,553 was bid a5Dv,
par, and The remainder, 81, 1854 800, al par.-
Thus il will be perceived that The bids al
premium largely exceeded three times The
amount OF The loan advertised. Considera-
be sums are taken for trustees and executors
for savings banks and persons not In bust
ness. for actual investment, and who desire
10 pay the money Immediately. The Secrcla-
re-, however, has guarded against calling in
The loan more rapidly than II is waned; for, were
he to do 50, Il would make The government pay
interes, premalurely, and deraDge the business Of
the country by 100 large call for specie in any
one month. An intelligent correspondent, in a
communication published by US last week, cal.
culaled that the money would mol all be wanted
until The Isl Of February next, which would re.
ouire something less than TWO millions Of dol
lars OF The loan TO be paid monthly; so that The
same specie which paid an inslelment would be
disbursed and in circulation 10 afford The means
Tor paying succeeding inslalments from time to
time. By calling Ia the loan in This way-whlch
we are assured will be done-whilst a large sum
10 inieres, will be saved 10 the government, nc
heavy calls will br made for specie al any one
time, and The business Of The country will be
undisurbed
"The bids OF hlly eight millions for This loan
their own government, and The ample resources
and wealth of the country. No doubtthis ausp
cous result was aided by The recent glorious vic
tories at Buena Visa and Vera Cruz under ouI
heroic leaders, TAYLOR and Scott; but the success
full result, OF the tariff 1916 which, il is demon
slraed, 1ciN yield an annual rersrae ofhrlu mis
lions Of doliars, and the new military conttibu.
tions under The rev Mexican tariff, also contribu-
led to swell The bidsi
awe understand that The custom house al We
Ia Cruz is a large and excelen! building, and c!e
this month is onl, cur brave officers will be col
lectng The new duties. As these goods Of onI
own and Of all other countries would under the
law Of nations, be liable 10 no new duty or con-
fi>calion after peace, what an intuceEen! i
affords 10 carry into Mexico large supply, ro
merely to sell during the war, but which, alter q
peace, would even be sill more valuable, espe-
cially if Mexico should then renew her old pro
hibilory and protective tariff And what an in.
ducement does this furnish 10 Mexico 10 consent
to an early peace; for, il she does not, we may
moi only break down her revenue from duties dur.
ing the war, but for long time afterwards SC
long as the supply OF goods imported now will BE-
sufficient for The wants of the country, for months
or years after peace"