The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-09-11
PROGRESS or the POPULAR LOAN.
Large sseses.~ ga the sub~rription.--Ae-
t>tsy sa the S.b-rr,asuter'. Once-
Subscriptions frens All Glasses OF Citi-



.ea.. s>e.
fha subscriptions 10 The popular government loan are
's.hg 10 tho mcst Favorable manner, and the
sf'f'ef' 'oandens - eshibt~ IN ihc administration ny
~ eAssf q tho Anerlcan pcpe since the isth Of Aa-
~ l'tt-'h day 90 whsh she SOAR WIS openci IN tins
chy-ihe sulssripiln.s have been X .duay on the ia.
oaso en- tio liHt any thr sun received was 80 SEQ
n'~ u averages regularly haf a mi.ia day. Tho
lcooauis from Bsion AMI Philadelphia chow that these
crrs are ass ccming forward actively a. support Of
IN oin ne suhscriptonr From initdll hl ase somc
what "a sty ancc q tsr from M former cty but this
Is sc"uned &c ga the ground hat good many Of the
Heinn s-bscrhefs make their DIP ns In this city,
Tsfe " 'cne dcAy eSpercucil ffun lae nee ,ssiy "a
scnng 10 Naahingt'n tor the cerii,a.. but thc work
VII hc greatly acCeleracd when tha bids are provided
Inn neiatc delivery b. Subscribers subscriptions have
mc all he way from Port Lcayruwoeh aud not few
from Wheeling, Western Virginia. bts ol t,,s nom
Name, Massachusetts,, Cnncctcui a lioic Island
by mail While the New Jersey suhrsl b.s como 10 tho
otce Of the sub TREASURER In pcrs.n tho purpose 81
paying m their quota An classs ct The comm nifty with.
out exception, cNh bt the The
If the loan ami shr branch cstah-
iished great mirtus win b. .i.,n b. Tire
ceipts. gsod many womc4 have subscribed.
one OF These married hiy-- nt $500 ~
her maiden name. She sail u.e m,ncy was
house, as she did not desire that hr IA sband should
know anything about H. colorci yesterday morn.
ing brought IA $3.50, which h. exnc,,c' ln thc go
vTGncnt for certain tins, Withhold any ,iaiion Il
interest lie was somewhat surprised Ga haring that
mere would be interest paii him. IA motive impclrg
he sub cripons a. 20 no,htl p'yond true "a
troiism. The Germans subscribe ma ycy large proper
ton to the Other inhabitants, and 10 laIge All
sums from, $50 the highest amounts accepted,
thnt there is no exclusion. Of any eass Of persons.
Many OF those subscribing state tht her only mo.
tive Is the welfare Of The coul aud Of the
Union. Others who send thu money by mai
accompany it with very patriotic icts : M Of the
women who subscribe say that tc. lave and
friends in the army and that tho darre TO do every
hing in ther power for tho prosperity tho country. Not
long since very elegantly dressed a called ou the sub
Treasurer to subscribe $500 which desired should he
registered in fictitious name by whcu he sad she
best known She was, however, al, sod 10 have the
record made in her real name to prevent any loss that
might occur through unforeseen occarr.
The subscriptions generally commence at about ten
O'Clock A. NJ each day and contnlc very regularly until
about twelve O'Clock There hen cessation for
about IN hodrthe time that people go TO their
meals. The subscriptions then ,ecomncnce with more
activity, aud continue until late hour 50 that ii is
ossibc TO tell at two O'Clock n any day what
Office OF the Sub Treasurer has beou considerably in
croasci but the work of receiving subscriptions is
thices very The clerks sometimes occupied
until midnight, the subsc he'd the names Of
the subscribers and every other pa, Cuar have TO be
sent by mail TO Washington every night. On Saturday
all hands in the Office occupied until past mid
night
The counting and testing of the money received
py considerable time. Every piece OF gold has TO be sub
mttcd the testers no persons highly qualified for
the discharge OF delicate task. Every day fraudulent
pieces found which nothing but the greatest seDsi
veness and knowledge of money could possibly detect.
In Of $40 and SO gold piecesthc coin is
open and the gold extracted from the of
piece The base metal is then ngeniousy inserted the
place Of the distracted gold and the coin is proba
bly, united with the same rim, weight and surface
as the genuine coin. These pieces Of money cacu
lated deceive thu best connoscurs and yet they
discovered in this Office they presented.
had originally been pamed or on them Since Mr. Cisco
has been in charge Of this Office there has been
single mistake in any department, notwithstanding tho
immense of business that necessarily transacted
there every day
good deal OF the money subscribed 10 this loan
from private without passing through the
banks at all. 1t is The surplus Of long accumu-
latng capital, hitherto lying idle without any what
ever AS the Of the loans the French Emperor
in 1885, the call Of the federal government the people
TO the aid Of the nation has resulted in the lbe
ration OF large amount Of money which otherwise
would continue be idle in the hands of tho owners
without benefit to themselves anybody else.