The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1861-07-20
FFs, IOWA, SATURDAY., JULY 20, 1861.

expenditures made nseesSass by their Grim
maj miseanaues. IA para of the pun,sh h
ineat Cue t' sife gnist af involving the ua
ton N she casanaities Of civil war, and ihsrs
hg bringing distress upon sa mans lnnaesn,
c.siz fns. Ionsr'ss mas jassls provide o.,
Y ths iariastaFe o! the ehoie o. part of the
estate 81 aGestiers, ard far the pasmsas a
rs pFeee.sa. into lhr pahlie treasury. Isfsre
/ iisrnissing the suh.e, Of the proper prcvis-
ian 'eF ord.nary expenditures. ingsutinr
interest oa the public d br, asd prnper
amount Tor sinking fund. the Secretary
respectfully asks the cansifeFatian OF Con.
Ersss Tor the question whether the current
disbursements II the government may not be
themselves dminl>hed.
He ventures TO suggest that coasIle-a.
Die saving may be iadiciouSlv effected hy
felncsten Tor re tirae at least, Of 10 per
rsRtant ,spon sa'asies and wages paid ly ih-
Eesivrai UnVerumenf. in cases where sueh
redaetInn will nnt Interfere With the exist
% nsa1pssfnaHsti nH A saa nshas NAV be ed d,
ed by ths abolition of tn. franking privilege
aud reduction Of postal expen es. \ re-
treIchment in other directions Will d,iuht-
e>s suggest it's, If TO the reflection of
Congress, and it ia most rsSpeei fully
reee n,tarsded that every retrerchment com.
paiiiis with the sisor znd tticieney II The
public service be properly and sifsciually
tnEpir. e
The Secretary has already said that on the
saEensitI n that $50. Zoo 200 ruay he raised
10y Taxation in the NOUS proposed. or de.
rs.d frnm the sales of public lands and
miscellaneous sources, 1t Will still be ueces-
ssry, in order To meet TIN. extraordinary
II, "a A,
laGs.
The Secretary submits to Congress tho
sspedleEcy of open.ng SUBSCRIPTIONS fora
natioial loan OF not less than sl0a 900 200,
to be Is>u,d IN the ioi M %, II easnry heGes or
fxcteqaer biiis, bearing yearly interest of
o-lU pc, cenium, To be paid bali yearly,
aud reds enable al ths pleasure OF the United
states ai'sr three years from date. The
sum %, siOJ 900 ,UUU Is named as the amount
Tor wtiich u now seems expedteut To rely
on a subscription Of tins klud. But ii is NOT
INTENDED to restrc. loans in this form To
any precise limit short of tie entire sum
which inay realized from other sources for
aii the purposes OF the year.
Tn. interest oi7 lOls suggested because
il /. liberal to the Subscriber, convenient for
ces, a fair rate for the government. II il
benrlicial To the people that "A loan distr,-
buted nuions themselves should be made so
advantageous ~ The takers as 10 inspire
satisfaction and hopes OF pruft, rather Than
annoyance a;d fears of loss and If III. rate
ut interest proposed lac oInswiiat higher
than that allowed rn ordinary times, II viii
nos be grud2cd TO the subscription when
IL Is remembered that interest ON the loan
Will 90 iuto the channeis of huine ciscuta
t!oa, aud Is To reward those who come tor
ward III tue hour of peril To piace their
means ut The disposal of their ooun,re. The
CONVENIENCE vi saieulttton, incident 10 The
rate proposed Is quite obvious, for The IN
terest beng tqtiti - one ceat II tIy ca iltf
G"iiats, II Is "itIy necessary to know the
number of days since the date of a note uI
tae last payment nt Interest, to delvriu!ue at
d glance the amount due upon IL.