Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1861-09-13

Your national government, compelled by
guilty conspiracy, eliminating in a causeiess in
surrecton, is engaged in a war for the security O
liberty, for the supremacy OF the law, for the de
| fense Of the Union, and for the maintenance Of
popular institutions. For the means to defray th,
necessary expenses of this war, your Con sress has
directed that an appeal be made to you, by open,
ing subscription TO a national loan of one bund
red and fifty millions of dollars. Already the en-
lightened and patriotic capitalists of the grea
cities Of New York, Philadelphia and Boston hav,
manifested their clear sense, both o. duty and in.
tercst, by subscription OF $50 ,U0O, 600 Congress
under which this subscription was received, wise
ly provided, however, that the advantages vel
as the patriotic satisfaction OF a participation in
this loan snail be offered not TO the capitalists
the great cities only, but to the people Of the
whole country. In order to secure .ub,tantill
reward Tor their public spirit TO those whose
patriot IN prompts them in this hour Of trial TO
place their means st the disposal Of government,
Congress has directed that interest Of 3-IGths
per centun be paid on the several amounts su b.
scrbed, and Interest liable TO State alton,
but constituting for subscribers 4 revenue not on
ly certain In receipt, bat greater in ar-Ount than
can bo expected from any ordinary investment
And in order TO afford all citizens equal oppor-
tuIties OF participation in these advantage Con
greSs has further directed that subscri ptions be
large amounts, and that should the subscriptions
exceed the whole sum desired, the smaller be pre-
ierred in its distribution. Eacn subscriber, on
payment of his subscription, will be entitled to
receive Treasury notes, equal In amount, IN such
denominations he may prefer whether Of $50,
500, $500, $1,000 OF $1,000. The interest at :
S-l0ths per annum will be the notes OF $50 one
cent, on 500 two cents, On $500 ten cents, on
$1,000 twenty cents, and on $4,000 one dollar ca ch
day. All the Treasury notes issued will ear date
on the l9.h of August, lh6l, and will carry in
tercst from taat date Each note will have coup
ons attached, Ipressing the several amounts Of
semi-annual interest, which coupons may be de-
tached from the notes and presented for payment
separately.
Each subscriber may pay the whole amount
Subscribed at the time OF subscription, or, If he
prefers to do So may pay one-tenth Of that time
and one-thiTd every twentieth day thereafter At
each payment the accrued interest on tho amount
from tho l9th Of August 10 the payment must
also be paid, and the amounts Of interests
thus laid WILDE rcimbul sed in the payment of
the first coupon. In order TO secure, beyond per
adventure, the punetual payment Of the interest,
aLd the gradual reduction of the principal, Con
gress has provided by Law for annual revenue,
amply sufficient, not only for these purposes, but
for the prompt payment of all do1 5nds on ac-
count Of extraordinary expenditures.
II win be seen at glance that not only is the
whole property of the country pledged for the in-
teresJ and final reimbursement Of the loan, but
that an adequate and specific proportion of the
annual production is set apart by taxation for the
redemption of this pledge. Prompt payment be-
yond contingency is thus insured Nor can
this taxation be thought great when compared
with the magnitude of the contest or with the
amount of property and production.
The objects Union. Permanent peace and
security at home and respect abroad are imperiled
- Il H. ,,toI
of the people eomprchcnds once their magni-
tude. They rise above party-they belong to no
administralion-they concern the whole country
during all time, under every administration, and
in every relation, foreign or domestic. And the
means for the attainment of these great objects
can he readily supplied from the property and
productions of the country. The real and per-
sonal values in the United States reach the vast
aggregate Of $l6, ,000 000. 900, and in the States
now loyal to the Union this aggregate is SILL
600, 900, zoo.
The yearly surplus earnings Of the loyal people
are estimated by intelligent persons cOnversant
with such investigations at more than 100000
600, while the well considered judgment OF mill
tsry men Of the highest rank and rerute warrant
confident expectation that if the is prosecu-
ted with energy, courage and skill, it may be
brought TO a termination before the close of the
next spring, in which event the cost beyond the
revenue will hardly exceed the $3.50 GOO, coo loan
in all branches Of the public service, not more
than the total expenditures Of Great Britain or
Franco in years of peace.
And it Is not unreasonable to hope t1at the
auspicious result of peace may be fastened by the
reflection Of the citizens in they
will review thcir actIo0 weigh their own welfare,
consider the disposition of the people Of the whole
country TO recognize sll their constitutional rights
and allow thom their full share in the benefits Of
the common Government, and renew their allegi-
ance to the Union which, il an evil hour, they
have been tempted to throw of. VIII they not
reflect that the war in which the Government is
engaged IS not war FOR their ublugation, but
war for national existence. and that an auspcious
result to the Union will benefit as largely the
States in resurrection as the States which have
manned loyal? However this may be, the duty Of
the National Government. as the consttutionally-
constituted agent of the people admits of no ques
ton. The war, made necessary by the iEsurrec-
tion, and reluctantly accepted by the Government,
must be prosecuted with all possible yigor until
the restoration of the just authority Of the Union
shall insure permanent peace. The same good
Providence which conducted our fathers through
the difficulties aud dangers which beset the forma
tion of the Union, has graciously strengthened
our hands for the work OF its preservation.
The croTs Ct the year are ample and the graIa
ries and barns are everywhere iull. The capital
lists of the country cheerfully forward to
sustain the credit Of the government already, and
even in advance Of this appeal, Of all occupa-
tions seek to share the honors and advantages of
the loan. Never, except because of the tempo
rsry depression caused by the rebellion, and the
arrangement of business occasioned by it, were
the people OF the United States in better c9nli-
ton to sustain gre t contest than now.
UnGer these iavoring circumstance, aud for
these grand objects, shall, in pursuance Of tie
acts ef Congress cause books of subscription to DO
opened as speedily practicable in the several
critics anG principal towns of the United States, in
A.der that all citizens who desire TO subscribe the
loan may have an opportunity of doing Mean
while, those who prefer that course remit any
sum which they may wish to invest in the loan
t, tho Treasury Of the United States at Washing