The Plymouth weekly Democrat. (Plymouth, Ind.) 1860-1869, 1861-09-26
THE NATIONAL LOAN.
From the Appeal to the People of the United
States, by Hon. S. 2. Chase, Stcre-
tary of the Tr, asurv

1"Ig VI IhC
Your national Government, compelled
by guilty conspiracy, eliminating in :
causeless insurrection, is engaged in wal
for the security of liberty, for the suprema
cy Of law, for the defense Of the Union and
for the maintenance of populir inslitu-
tons. For the means to defray the nee.
essary expenses of this war your Congress
has directed thatan appeal be made to You,
by opening a subscription to national
loan of one hundred and fifty millions oI
dollars. Already tho enlightened and
patriotic capitalists of tie great cities oI
New York. Philadelphia and Boston have
manifested their clear sense, both of duty
and interest by a subscription of $780,
100000. Congress, under which the
subscription was received, wisely provided
however, that the advantages as well as
the patriotic satisfaction Of a participation
In this loan shall be offered not to the
capitalists of the great cities only, but to
the people OF the whole country. 10 order
to secure substantial reward for their
public spirit to those whose patriotism
prompts them in this hour Of trial to place
their means al the disposal of the Govern
ment, Congress has directed that an inter
est of Z 3-l0tbs per centum be paid on the
several amounts subscribed, and interest
not H0Jie to State Iordti0n, but constitu-
ting for subscribers 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 ad
vantages, Congress has further directed
that subscriptions be received for sums as
small as $50, AS well as for large amounts,
and that. should the subscriptions exceed
the whole sum desired, the smaller be
preferred in its distribution. Each sub.
scrioer. on payment of his subscription,
will be entitled 10 receive Treasury notes.
equal in amount to such denominations as
he may prefer, whether of $50, 500.
$500, $1,000, or $1,000. The interest
at 7 310ths per annum will be on the
ootes of $50. one cent; on 500, two cts;
on 81 900, twenty cents. and on $4,000,
one dollar each day. All the treasury
notes issued will bear date on the 9th Of
August. 1861, and will carry interest
from that day. Each note will have cou-
pons attached, expressing the several
amounts of semi annual interest, which
coupons may be detached from the notes
AID presented for payment separately.
Each subscriber may pay the whole
amount subscribed at the time Of sub
scription, or, If he prefers to do 80, may
pay one.tenth at a time, and onethird
every twentieth day thereafter. Al each
payment, the accured interest on the
amount from the 10th of August to the
date of payment mus; also be paid and
the amounts of interest thus paid will be
reimbursed in the payment Of the first
coupon. In order TO secure, beyoud per-
adventure, the punctusl payment of inter
est, and the gradual reduction of the prin-
cipal, Congress has provided by law for
an annual revenue. amply sufficient, not
only for these purposes, but for the
paymen. of all demands on account Of ex-
lraordnary expenditures.
1t will be seen at a glance. that not only
is the whole property Of the country pledg-
ed for the interest and final reimbursement
of the loan, bat that an adequate and spe-
cilic proportion OF the annual production
is set apart by taxation for the redemption
of this pledge. Prompt payment beyond
contingency is thus insured. Nor can
this taxation be thought great, when COM
pared with the magnitude of tho objects of
the contest. or with the amount Of property
ana prouuctlon
Tho objects are Union. Permanent
peace and security at home and respect
abroad are imperiled by this unprovoked
rebellion The Intelligence Of the people
at once comprehends their magnitude.
They rise above Party-they belong to no
administration--they concern the whole
country during all time under every ad-
miDistration, and in every relation, foreign
or domestic. And the means for the at.
tainment of these great objects can be
readily supplied from the property and
productions of the county. The real and
personal values Of the United States reach
the vast aggregate of $4,000, 200, 900,
and in the States now loyal to the Union,
this aggregate is 81 ,o00. 900, 600.
The yearly surplus earnings Of the loyal
people are estmnted by intelligent per-