The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1861-09-13
The National Loan!
An Appeal TO the People OF th,
United states.

rotary Nh0sc 10 tue clukcns OF tho Uni
ted States:
Your National Government, compelled
by guilty conspiracy eliminating in a
eOusclcss insurrootion, is engaged in a
war for security and liberty, for the SUI
prcmacy Of the law, for the defense OF
the Union, and for the maintenance of
popular institstions.
For the means 20 dcfray the necessary
expenses of the war, your Congress has
directed shat an appeal be made to you,
by opening subscription tu a national
loan of one hunjr d and tiNy il.iols e
dollars
Already the enlightened and patriotic
capitalists OF the great cities Of New
York, Philadelphia and Boston have man
ilcstod their clear sens, both Of duty aud
interest, by a subscription OF S50,O00,-
900. Congress, under which this sub
scripton was rec, iycd, wisely provides,
however, that the advantages, as well as
the patriotic satisfaction Of participg-
ton in this loan, shall be offered not TO
the capitalists Of the great cities only,
I but 20 the people OF the whole country.
In order TO secure substantial reward
! for their public spirit whose patriotism
prompts them In this hour of trial TO place
their means at the disposal Of Govern
mcnt, Congress has directed that an in
tcrcst of $40 per ccntum bo paid on
the several amounts subscribed, an inter-
eat not liable 20 State taxation, but con-
stitutinr tor subscribers revenue not
only certain in receipt, but greater in
amount than can he expected from any
ordinary Investment. And In order TO
afford all citizens equal opportunities Of
participation In these advantages, Con-
rress has further directed that subscrip-
ton be received for sums as small as 800
as we'll as for large amounts, and that
should The subscription exceed the whole
sum desired, the smaller be preferred in
It's distribution. Each subscriber on pay
mont OF his subscription, will be entitled
TO receive Treasury notes, equal IN amour
in such denominations 0s he may prefer,
whether of $50, 800, $500. s 1000, or
Sj,0O0 The interest at 2 $40 per CEN
tum will be on the notes Of $40, one Ct.
on 500 two cents, on $500 ton cents, on
81 900 twenty cents, aud on $4,000 one
dollar for each day.
All the treasury notes issued will bear
date on the 10Th of August, 1861, aud will
bear interest from that date. Each note
= viii have coupons attached, expressing
the several amounts of semi-annual in.
torcst, which coupons may be detached
from the notes, and presented for pay.
mcnt separately. Each subscriber may
} pay the whole amount subscribed at the
| time Of subscription, or, if he prefers tc
do so, may pay one-tenth nc the time
and one-third every twentieth day there.
a ter.
T At each payment the acrued interest
on the amount from the 10Th Of August
TO the date of payment must also be paid
and the amounts of interest thus paid
will be reimbursed in the payment of the
first coupon. In order to secure b, yond
peradyenture the punctual payment of
the interest and the gradual reduction of
tho principal, Congress has provided by
law for an annual revenue amply sufi-
cient not Cn'y for these purposes, but for
the prompt payment of all demands on
account of extraordinary expenditures.
IL will be seen at glance that not on
| ly is the whole property Of the country
| pledged for the interest and final reim-
bursement of the loan, but that an ade-
quGte and specific proportion Of the an
nual production is set Rpart by taxation
for the redemption ofth pledge. PROMPT
payment beyond a contingency is thus
insured. Nor can this taxation be
thought great when compared with the
magnitude of the objects Of the contest,
or with the amount of property and pro-
duction. The objects are union; perma-
mont peace and security at home and re-
spect abroad are imperiled by this unpro-
Yoked rebellion. '-....
The intelligent of the people compre-
bend al once their magnitude. They
rise above party. They belong to no
Administration. They concern the
whole country during all tine, under any
Administration, aud in every relation,
/ foreign or domestic. And tho means for
the attRinm mt OF these great objects can
he readily supplied from the property
! productions of the country. The regl
and personal valdes in the United States
reach the vast aggregate Of SIG 900, ,OOO,-
600, and in the States now loyal 10 the
Union this aggregate is SIl 100000
600.
The yeurly surplus earnings oftbe loy-
al people are estimated by intelligent
persons conversant with such investiga-
tions at more than $500, 900 900, whils|
the well considered judgement of military
men of the highest rank and repute, war
rants the confident expectation that if
the war is prosecuted with energy, cour-
age and skill it may be brought TO ter
mination before the close Of the next
spring, in which event tho cost beyond
therevenue will hardly exceed the amount
Of the S25O,000, 600 loan authorized by
Congress; and with due economy in al
branches Of the public service not more
than the total expenditures Of Great Brit |
ain OF France in years Of peace.
Andit isnot unreasonable 10 hope that
the auspicious result Of pence may be |
hastened by the reflection Of the citizens
Of the States in insurrection-thatt they /
will review their action, weigh their own |
weforc, consider the disposition of the
people Of the whole country TO recognize !
all their constitutional rights and 10 allow
them 20 share in the beheft Of the com.
mon Government, and renew their allie
glance TO the Union, which IN an evil
hous they have been tempted TO throw
Of. Will they not reflect that the war
into which the Governmenqhas been con-
stroined, is not war for their subjugation,
but q war for national existence, and
that an auspclous result TO the Union
will benefit as largey the States in in
surrection as tie States which have re-
manned loyal.
However this may be, the duty Of the
national government, as the Constitution
ally constituted agent Of the people, adj |
mits Of no question. Tie war made
necessary by the insurection, and reluct- |
antlY accepted BY the Government, must
be prosecuted with all possible vigor un- /
III the restoration Of the itist authorities |