Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1861-09-06
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.NATIoNAL Loan b.,s
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~->NfIyfT
OF Liberty, for the supremacy OF Law, for, the
defense OF Union,, and Tor the maintenapce of
Popular lnetitnaons. For means to defray The
necessary expenses of this war, your Congress-
has directed that an appeal be made to you, by
opening a subscription to National Loan, of
One Hundred and Fifty Millions Of Dollars
gR Already the enlightened and patriotic capital
lists of the great cities of New York. Boston.
and philadelphia hayeI manifested tbe cir ear
sense both ot duty and interest, by the subscrip.
tion of Fifty Millions of Dollars. ~ 'l''F
| The Act Of CongPess under which this SUBJ
scription was received wisely provides, however,
that the advantages as well as the patriotic sat-
isfaction OF participation in this Loan shal be
offered, not to the Capitalists of the great cities
onlg, bat to the people Of thewhoie country /
IL. IN order to- secureia snbstaptiaI reward for
their public epipt TO thoseoWho patriotism
p:ompts them, in this hour1of trial, to place
their means at the disposal of the Government,
Congress has directed that an interest Of seven
and thFee-tenths per centum be paid on the sew.
eral amounts subscribed; an interest not liable
to State taxation, but constituting for the sub.
scribersa revenue, not only certain inreceipt,
but greater in amount than can be expected
from any ordinary Investment.
And, in order TO afford to all citizens equal
opportunities Of participation in these advan.
tages, Congress has fuSther directed that sub
scrption be received for sums % small as fifty
dollars, as well as for larger amounts; and that,
should the subscriptions exceed the whole sum
desired, the smaller be preferred in the distrbu,
tion. 40 is3i 5gb5sm .6tg5l 37NlD1O9 sl7
Each subscriber, on payment of his cub
scription, will be entitled to receive Treasury
notes Of equal amount 10 such denominations
as he may prefer, whether OF fifty, one hunl
dred, five hundred, one thousand, or Eve thou.
sand dollars. ssbBL osAE1n3 n3--dlh
The interest, at $40 per annum will be, on
the notes of fifty dollars, one cent; on one hun!
dred dollars, two cents; on Ave hundred doll
lara, ten cents, on one thousand dollars, twenty
cents; and on i've thousand dollars, one dollar
| each day, -,s....,....,I. a.. .'ss, a,
| All Treasury notes issued will bear date on
the 18Th Of August, 1861, and will carry inter
est from that date Each note viii have cou.
pons attached expressing the several amounts
OF semi-annual interest; which coupons may be
detached from the note and presented for pay
ment separately. q Iso9J s5'ine. .y48
hsrEachisubscriber may pay the whols amoun,
subscribed at the time Of subscription, or, if he
prefers to do go, may pay one-tenth at that
time and cne-third every twentieth day there
after. AZ each payment the accrued interest
on the amount from the l0thofi August to the
date OF payment must alec be paid; and the
amounts OF interest thus paid will be reimburs-
ed in the payment of the first coupon. s.. !.
La order 70 secure beyond perGdventure. the
punctual payment OF interest and the gradual
reduction Of the principal, Congress has provid-
ca by law for an annual revenue amply sufficient
not only for the purposes, but for the prompt
payment Of all demands on;aeconnt of ordinary
n will hal aeap a y a ,ianoo ~ =. .o..i a. :
whole property Of the country pledged for the
! interest and final Reimbursement Of this loan,
but that an adequate specific proportion of the
annual production is set apart, by taxation, for
the redemption Of this pledge. Prompt pay.
ment beyond contingency, Ia thus insured.
y Nor can this taxation be thought great, when
| compared with the magnitude of the objects of
the contest, or with the amount oflproperty and
production, .-t, 80. - 4, 'sIot
The objects are Union, popular Government,
permanent peace, security. ut home,. respect
abroad; all imperilled by unprovoked rebellion.
The Intelligence Of the people compreh ends at
once their magnitude. !, They rise above party.
They belong to no Administration. They con
cern the whole country, during all time, under
every administration, and in every relation,
foreign and domestic.h msai aiaS1 au!loT
| And the means for the attainment of these
great objects can be readily supplied from the
property and production OF the country. The
real and personal values in the United States
reach the vast aggregate of sixteen thousand
milliops OF dollars; and in the States now loyal
20 ahe Union this aggregate is eleven thousand
| The yearly eurplps earnings of the loyal peo-
pie are estimated, BY Intelligent persons conyef-
SAINT with such Investigations, at more than four
hundred millions Of dollars; while the well
considered Judgments of military men Of the
highest rank andrepute warrant confident. ex,
pectation that the war, prosecuted With energy,
courage and skill, may be brought to a termina-
lion before the close Of the next spring, In
which event the cost beyond the revenue win
hardly exceed the amount of the two hundred
and fifty millions loan authorized by Congress-.
With due economy In all branches OF the public
service, the total expenditures for all objects,
military, naval and civil, in this year of war
need not exceed the ordinary expenditures of
Great Britain orFfance in Year, Of peace
Aud is it unreasonable to hope that the auspi.
oious result of peace may be hsstened by the
reflections of the citizens of the States in insur.
rection2 That they will review their action
weigh their own weliarej consider tho disposi
tion OF the peopleofsthe whole country to REQ.
ognize.al their constitutional rights aud 10 al.
low them their full share In the benefts Of tbe
common Government, and renew that alleSiaecs
to the Union which,. in an evil hour tfiey nave
been tempted to olthrow.off7 . Will they not re.
fleet that the war, Into which the Government
Of the Union has been constrained, !, is not a war
for their subjugation, but o war for national ex
lstence, and that an auspicious. result 10 The
Unioa will benefit as largely the States in In.
surreetion as the States which have remained
loyal? h.,sai,,ss b.,,ys.l. ss, v,s.l Al ~
However this may be, the duty of the Ma.
tional Governments ias che eonstitutionally con.