The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-05-17
TEE OLD BAY STATE ON Duty.
TO THE EDITOR or THE HERALD,

5ou oDit 10 credit massachusetts, with the following
amount expended by the State in military dis.
Amour, conu.c.ed for by the state over and
ABOVE present disbursement .......... 10000
Letters OF credit issued TO pulrhsse arms In
One hall Of steamers PemDi sss and Cambridge, '"
contributed by citizene, Observation-Disclosures ~ bO0
School ship-c0ast guaI Observation-Disclosures. 10000
Amount repo, led as eco
$40 JAG
And ths before any assembling of the Legislature,
which win call into camp and pay and instruct at
the State expense five thousand men, Decides the quota in
the United states service.
Besides this the banks Of Massachusetts have rendered
loans to carry the war, 10 the amount Of
Moreover the State win, without doubt, loan the United
States BY vote of the Legislature at least seven millions
Take notice that the 81 Jas actually paid out ros
an unexpepded appropriation
Gon n suppose you meant ns any injustice sns ont
foot OF the column. A. G. /.
TEN MILLIONS TO BE APPROPRIATED BY MAssAcHU.-
SETS TO MAINTAIN THE UNION.
From the Boston Traveller, May 10.
The committee OF the Legislature appointed yesterday,
will 10 day report the following bill backing up credit
o. the general government to the amount Of seven mil
AN ACT IN ADDITION TO AN ACT PROVIDE MAIN.
IESANcE OF THE UNION CONSTITUTION.
Whereas the people OF Massachusetts regard With ike
feelings OF 10y atty and affection the
deem ut that the arms of each should be
by ell which the other can give
And whereas, some emergency may arise during the
recess Of the Legislature which the aid Of Massaohu.
sets may be Of service to the general government
financial an \. arran gements; therefore,
tves in General Court assembled and by the authority
the sane, as follows
at any time during the recess OF the Legislature should
such emergency arife, hereby authorized tho
treasurer and Receiver General OF the Common wealth
issue scrip certificates Of debt name and ON
behalf Of the Commonwealth and under his signature
exceeding in the aggregate the amount Of seyen iong
OF dol as payable at such times and with such interest,
with the advice Of The Council may oecs said scrp 81
certificates Of debt be expressed in the curreLcy
Srea. sr.an Of Of me United states ana made payable
the Council may direct; the interest shall be payable
semi annually and interest warrants signed by thu
Treasurer aud Receiver General ebal be ached thereto
Said scrip shs be oountersgned by the Governor Of tho
Commonwealth and be deemed pledge Of the faith and
creGt OF the Commonwealth for the redemption thereof.
Sec q The scrip to be Issued may be sold In such
the Governor shall direct and the pro thereof
loaned TO the of the United Sates expend-
ed in purchasing the government Of the United
States ts Treasury notes or other evidences Of indebted
treasury the United States in exchange FOR ooga-
lions OF the United States government Of corresponding
amount
Sec. g. This act shall take effect from it's passage
They will also report bill making ample provision for
the past expenditures amounting 70 s26 oe details q
which were given in the Governors message and provd.
ing for future contingencies The appropriated by
this bill is three millions Of dollars viii be By
section s. which is as follows
Sec s. For the purpose of meeting the expenses IN.
Cured and to be incurred under this act and
provide for the public defence for the discipline and
instruction Of military force The third section Of this
act mentioned there sha be created fund which shall
be called the Union Fund and the treasurer Com.
monwesh hereby authorized issue scrip OF eerti-
Gates Of debt in The and behalf of the Common.
wealth, TO amount not exceeding three millions Of dcl-
lars the proceeds Of such scrip shall be
passed to the credit Of said Union Fund and the A
hereby appropriated for the purpose Of al habit.
ties incurred or to be incurred under this
herein mentioned; and the Governor authorized from
time TO time to draw his warrant upon the fog
i SO much as may be needed.
In addition to this important State movement the
banks Of Massachusetts making gemen take
their share Of five millions OF the issue Of Treasury
notes at par. The moneyed Of this city fully
agreed, as We understand, in this policy.
The Providence banks have already agreed TO take their
proportonate share and New York will undoubt. dly fol-
low this example that may confidently expect the
entire loan Of fourteen millions viii be taken at par.