Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1861-09-10
TIE NATIONAL LOAN.
Appeal to the People of the United states.
IMPORTANT DOCUMENT FROM THE SEcRE-
TARY OF THE TREASURY.


causeless insurrection, is engaged IN /
war for the security of liberty, for the SUI
rremacy of the law, for the deieuce OF the |
Union. and for the maintenance of popular /
institutions. For the means to defray the (
necessary expenses Of this war, your Con- |
gress has directed that an appeal be made |
to you, by opening subscription to a |
national loan of one hundred and fifty mil
lions of dollars. Already the enlightened
and patriotic capitalists Of the gr> at cities
of New York, Philadelphia and Boston
have manifested their clear sense, both of
duty aud interest. by a subscription of
$50, 900, coo. Congress, under which this
subscription was received, wisely provided
however, that the advantages as well as
the patriotic satisfaction Of participation
in this loan shall be offered not to the cap
italists OF the great cities only, but to the
people of the whole country. In order to
secure substantial reward for their public
spirit TO those whose patriotism prompts
them in this hour of trial to place their
names at the disposal of government, Con-
gress has directed that an interest of Z
3-l0ths per centum be paid on the several
amounts subscribed, end interest not liable
to state taxation, but constituting for sub
scribers revenue not only certain in
receipt, but greater in amount than can be
expected from any ordinary investment.
And in order to afford all citizens equal
opportunities of participation in these
advantages. Congress has further directed
that subscriptions be received for sums as
small as $50, as well as for large amounts,
and that should the subscription exceed
the whole sum desired, the smaller be pre-
ferred in its distribution. Each subscriber
on payment of his subscription, will be
entitled TO receive treasury notes, equal in
amount in such denominations as he may
prefer, whether of $50, 800, $500, 81 900
or S., 600 The interest Ut Z -l0ths per
annum win be on the notes of $50, one cent,
on 800, two cents, on $500, ten cents, on
81 900 twenty cents, and on s., 600 one
dollar each day. All the treasury notes
will bear date on the 10Th of August, 1861,
and will carry interest from that date
Each note will have coupons attached,
expressing the several amounts of semi~
annual interest, which coupons may he
detached from the notes and presented for
payment separately. Each subscriber may
pay the whole amount subscribed at the
time of subscription, or il he prefers to DO
so, may pay one tenth st that time, and
One>third every twentieth day thereafter.
At such payment the accrued interest on
the amount from the l9;h If August to the
date of payment must also be paid, and the
amounts of interest thus paid will be REIN
bursed in the payment Of the first coupon.
In order to secure, beyond preadventure,
the punctual payment Of the interest, and
the gradual reduction Of the principal,
Congress las provided by law for An annual
revenue, amply sufficient, not only for
these purposes, but for the prompt payment
of all demands on account of extraordinary
expenditures.
1t will be seen at glance that not only
is the whole property Of The country
pledged for the interest and final REIN
bursement of the loan, but that an adequate
and specific proportion Of the annual pro-
duction is set apart by taxation for the
redemption of this pledge. Prompt pay
ment beyond contingency is thus secured.
Nor can this taxation be thought grest
when compared with the magnitude of the
objects of the contest, or with the amount
Of property and production.
The objects are Union. Permanent
peace and security at home and respect a.
broad are imperriled by this unproyoked
rebellion. The Intelligence of the people
comprehended at once their magnitude
administration-they concern the whole
country during all time, under every ad
ministratiOn, and in every relation, foreign
or domestic. And the means for the at
tainment of those great objects can g read
lily supplied from the property and produc-
tions of the country. The real and perso-
nal values in the United 'States reach the
vast aggregate of SlG,00O,00O, 600 and in
the States now loyal to the Union this agS
gregate is S2l, 000, 100000.
The yearly surplus earning of the loval
people are estimated by intelligent persons
conversant with such Investigations at
more than $500 100000 while the well
considered judgment Of military men of
the highest rank and repute warrant the
confident expectation that if the war is
prosecuted with energy, courage and skill
1T may be brought to a termination before
the close of the nextspring, in which event
the cost beyond the revenue will hardly ex.
coed the $3.50, 100000 loan authorized by
Congress, and with n due economy in all
branches sfputlic service, not more than
the total expenditures of treat Britain or
France in years of peace.
And tits not unreasonable to hope that
the auspicious result. of peace may be has
tened by the reflection of the states in in
sureetion that they will review their action
weigh their own welfare, consider the dis
position of the people of the whole country
20 recognize all their constitutional rights
unl to allow them their full share in the
benefits of the common government. and
fenew their allegiance to the Union which.
N an evil hour, they have been tempted
TO throw Off VIII they not reflect that
the war which the government has been
constrained is not a war for their subiuga>
tion, but u war for national existence, and
that an auspicions result to the Union will
benefit as largely the states in instruction
rs the states which have remained loyal
However this may be, the duty of the ma
tiOnal government as the cOnstiiutinnally
constituted agent of the people admits Of
no question. The war, made necessary bv
the Instruction, aud reluctantly accented
by the government, must tie prosecuted
with all possible vigor until the restora.
rion of the just authority Of the Union
shall insure permanent peace. The same
good Providence which conducted cur "a
theirs through the difficulties and dangers
which beset the formation Of the Union as
graciously strengthened our hands for the
work of its preservation.
The crops { the year are ample, and the
grannries aud barns are everywhere full
The capitalists of the country come cheer
fully forward to sustain the credit Of the
government already, and even in advance
of this appeal, men Of all occupations seek
TO share the hDnors and advantages Of this
loan. Never, except because of the tenn.
porary depression caused by the rebellion,
and the arrangement of business occasions,
ed by it, were the people ofthe United
States in better condition 10 sustain a
great contest than now.
Under these favoring circumstances, and
for these grand objeets,I shall, in pursu.
ance of the act OF Congress, cause books of
subscription to be opened as speedily as
practicable in the several cities and prin-
cipal towns in the United States in order
that all citizens who desire to subscribe
to the loan NAV have an onnnrtunity Of