, 1861-09-18
THE PR0PLE,S NATIONAL LOAN.
The Books to be Opened To-day In
Chicago.

AZ tnc u1atto Gtatts CdsLoh House. On
Monroe street, will be opened today, by
1uther Haven, Esq, Deputy Collector Of this
port, the books Of the National Loan. It is
rare that public and private interest run 80
nearly in the same channel, and that a deed
Of substantial patriotism may be the source
Of certain and substantial profit, such as most
certainly, in Time like the present -aay be
pronounced safe and certain Investment at
seven and thfee-tenths per centum, an Inter
eat not liable to State taxation, but constftutr
ing for the subscribers q revenue not only
certain In receipt, but greater in amount than
can be expected from any ordinary invest
ment.
TWAS wise to place the terms Of the sub
ecription within access Of the great body Of
the people, for hundreds of small boards will
be called out 70 be exchanged for these Tress-
u1y notes, since, in order to afford to all citi-
zens equal opportunities Of participation in
these advantages, Congress has further direct
ed that subscriptions be received for sums as
emall as fifty dollars as veil as for larger
amounts; and that, should the subscriptions
exceed the whole sum desired, the smaller be
preferred in the distribution.
Each subscriber, on payment of his sub
scrjptioD, will be entitled to receive Treasury
notes of equal amount in such denominations
as he may prefer, whether of fifty, one hun
dred, five hundred, one Thousand, or five thou
fand dollars. The interest at Eeven and three
tenthg per aonum will be, On the notes Of fifty
dollars, one cent; Of one hundred dollars, two
one thonEsnd dollars, twenty cents and Of
five thousand dollers one dollar each day.
All Treasury notes issued will bear date of
the 18Th of August, 1861, and will carry inter
est from that date. Each note will have
coupons attached expressing the several
smounts Of semi:annna interest which
coupons may be detached from the note and
presented for payment separately.
Each subscriber may pay the whole amount
subscribed at the time OF subscription, or If
he prefers to do eo, may pay one tenth at that
tine and one-th1rd eVery twentieth day there
after. At each payment the accrued interest
on the aInonnt from the 18th Of August to the
date OF payment must also be paid; !; and the
amounts Of interest thus paid will be REIN
bnreed in the payment Of the first coupon
Ii order to secure, beyond perad1entQre,
the punctual payment OF interest aud the
gradual reduction of the principal, Congress
has provided by law for an annual revenue
but for the prompt payment Of all demands
On account Of ordinary expenditures
It VIII be seen at glance that not only il
the whole property Of the country pledged
fer the Interest and final reimbursement OF
this loan, but that an adequate specific pro
portion Of the annual production Is set apart
BY taxation, for the redemption of this
p.edge; e Prompt payment, beyond contingen
The Treasury notes, which are already be-
ginning to appear in business circles, are o1
the finest artistic finiah, and in two co1ors
viz: The large outline C" behind "United
states," also the figures "$10O" in tablet il
each lower corner, are printed in green; the
figures, lettering, portrait Of General Scott
and all the coupons, are all in black ink
The back OF the note is printed in green
With its amount veEy beautifully expressed In
geometrical lathe work and figures. On ont
end Of the back is also the Endorsement, ant
on the other end the rate Of interest per day
VIZ: 2 cents per day on the 800 note. Tn.
| coupons are numbered and dated to explr.
| every six months, and can be readily cut OF
aud presented to the nearest branch office To-
payment at the times Of maturity.
| If tie spirit ard appreciation with which
GER citizens receive this opportunity to sub
scribe to the National Loan bear any prcpo1
tion to the manner in which 1t was welcome,
in other cities, M1. Haven's Office will witnes
rush all throughout to-day and the perio
du1i1g which it is to remsin open for this pu,
| DneP