, 1861-09-05
TaE RATIONAL LOAN.
Sscfssaf1 Chassss Appeal to the P6o.
= ~ ple.

-~~-F~ PIE.
To he Csti&ens Of The United dsasss; )
.,;e xoar hataenal Goye9sneat, compelled BY = !.
guilty conspiracy, culminet3a9 in causeless H.
saneetion, q Engaged In War Tor tie secmit7
ol Aahszfy, Tor the supremacy OF Law, for tha
9efeoce o. Union, and for the maintenance Of
Popular institutions. For means to defrxV
the necessary expenses Of this War, your Con
{oo. y opening subscription to National
Dollars.
Already the enlightened and patriotic capf-
taists of the great cities Of New York, Boston
and Phhade3phla have manifested their clear
scription of Fifty Millions OF dollars.
lhe Act OF Congress under which this sub
ecnption was received wisely provides. how
ever, that the advantages ~ well as the patri-
otic satisfaction Of participation IN fhis Loan,
ehali be offered, not to the capitalists Of the
Whole country.
In order to secure substantial reward tor
their public spirit to those whose patriotism
prompts them, in this hour Of trial, to place
their meers st the disposal Of the Govern
ment, Congress has directed that an interest
OF eeyen and three-tenths per csntum be paid
On the eeveral amounts subscribed; an inter
est not Liable to State tayation, but coustitut-
ing for the subscribers a revenue. NOT only
certain In receipt, but greater in amount than
ment.
And, in order to afford to all citizens eoua1
opportunities Of participation in the adyanta-
ges, Congress has further directed that snh.
Eefiptions be received for suu1s - small ~
hty dollars, as well as for larger amcunts;
and that, should the subscriptions exceed The
whole sum desired, the smaller be preferred
n the distribution.
Each subscriber, on payment Of his sub
sc1lpflon, will be entitled to receive Treasury
notes OF equal amount in such denominations
IS ne may prefer, whether fifty, one hundred,
dollars.
Tie interest, at $40 per annum will be, on
the notee Of fifty dollars, one cent; on one
hundred dollars, two cents; on five hundred
dollars, ten Cents; On one Thousand dollars,
twenty cents; and on FIVE thousand dollars
one dollar each day.
All Treasury notes Issued will bear date on
the 18th ot August, 1851, and will carry inter
est from that date. Each note will have co1-
pe1s attached expressing the several amounts
Of Eemi-annual interest which coupons nav
be detached from the note and presented for
payment separately.
Each subscriber may pay the whole amount
subscribed at the time OF subscription, OF, if
he prefers to do SO, may par onertenth at that
lime and cre-tti1d every twentieth day ther;-
after. At each payment the accrued Interest
On the amount from the 18th Of August to the
date OF payment must also be paid and the
amounts Of interest thus paid will be Eeim-
buIsed In the payment Of the first coupon,
In order to secure, beyond peradVenture,
the pnctual payment Of interest and the grad.
ual reduction of the principal, Congress has
provided by law for an annual revenue amply
sufficient not only for these purposes, but for
prompt payment Of all demands On account Of
Ordinary expenditures.
>, It will be seen at glance that not only Is
ne whole property Of the country pledged for
the interest and final reimbursement Of this
loan, but that al adequate specific proportion
q the annual production is set apart by taxa
lion, for the redemption of this pledge,
PROMPT payment, beyond contingency is thus
Nor can this taxation be thought great.
Wien compared with the magnitude Of tie ob-
jects of the contest. or with The amount Of
property and production
The objects are Union, popular government,
permanent peace, security at home, respect
lien. The intelligence Of the people compre.
bends at once their magnitude. They rise
above party. They belong to no Adm;nistra-
ti9n: I6ey concern the whole country, during
all time, under every Administration, and il
eyery relation, foreign or domestic.
And The means for the attainment of these
great objects can be readily supplied from the
property and production Of the country. The
real and personal values in the United States
reaches the vast aggregate Of sixteen thou
aand millions Of dollars :; and in the States
| Thousand miliions. -
TIE yearly sur:lrs earnings Of the loyal
| people are estimated, by intelliyeut psrsons
! conVersant Wlth such Investigations, at more
| than $4o0,000,000; while the well.con-
! sidered Judgments Of military men of the
highest rank and repute warrant confident ex-
| peetatlon that the war, prosecuted with energy,
courage, and skill, may be brought to ter
mination before the close Of the next spring !;
in which event, the cost, beyond the revenue,
| W'll hardly exceed the amount of the two
| hundred and fifty millions loan authorized By
| Congress. With one economy IN all branches
ef the public service, the total expenditures
tof all objects, military, naval, and civil, in
| fh;s year OF var, need not exceed the Ordinary
| expenditures Of Great Bri.ain or France il
| years cf peace.
| And it Is unreasonable to hope that the aus
Re1ous fesalt Of peace may be hastened By
ias1rreetion? That they will review their &C
Gon weigh sheir oWn welfare; consider the
| disposition Of the people Of the whole country
to recognize all their constitutional rights and
70 aloW them their full share In the benefits
o. tie common Government, aud renew tha:
n!!egiaace to the Union which, in an evil hour
| hey have been tempted to throw offs Will
they not reflect that the war into which the
| GoVernment Of the Union has been constrained,
| Is not war for their subjuGatioI, but a war
for National existence, and that an suspicious
| result to the Union will benefit as largely the
| States IL lnsu1rection as the States which have
remained loyal?
However this may be, the duty Of the Ma,
1lonA GcFernment, as the constitutionally
constituted agent Of the people, admits Of 10
question The Tar, made necessary by insur.
| 1ectloD, and reluctantly accepted by the Gov.
eminent, must be prosecuted with all posi-
| ble E:ecr until the restoration Of the just au.
| peace.
The same good Providence, which conduct
Cd oar fathers through the difficulties and
| Dangers which beset the formation of the
Union, has graeiously strengthened our hands
1of the Work Of its preservation.
bane enePs ar fRs ysqs are I'M
Hts Of Inc country come cAeerfully forward to
sustain the credit Of the Government, Area
| dy, aleo, even in advance Of this appeal, men
el 81. occupations seek to share the honor
cept because Of the temporary depression
caused by the rebellion and the derangernent
Of business cccasioned by it, were the peop1e.
OF the United States in 3 better condition to
sustain great contest than now.
Under t csc favoring circumstances and for
these grand objects, shall, in pursuance OF
me act OF Congress, cause books of subscrip-
ncn to be opened as speedily as practicable in
the several cities and principal towns Of the
United ststes, in order that all citizens who
cssre to sabscrlbe to the loan may have the
opportunity Of doing So Meanwhile, those
who prefer that course can remit any sum
which they may desire to invest in the loen to
the Treasurer Of the United States at Wash.
ington, OF to either of the Assistant Treasu.
rers al Boston, New York, Philadelphia, OF
u Louis, q to the Depository at Cincinnati,
Ehoee certificate will entitle the holders to
Treasury notes On the terms already stated.
The patriotism Of the people, it is not to be
doubted, will promptly respond to the liberal
wisdom OF their representatives.
s. ?. CEASE.
The louisville Papers on Ffcmont,s
Proclamation.
| From the Louisville Jourual]
MARTIAL Law IN M1ssoCRI--TaE Duty OF
TIE LEGISLATURE OF KESTuckY,-The pro.
clamation Of Martial Law in Missouri, by Ma
Jor General Fremont, is step Of extreme se.
verify. We are aware Of nothing in the con.
dit:on Of Missouri that iustifes the step.
Whether it is approved By the civil authorities