Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1861-09-02

7, b,> been heraldsi al over tho eontsegt With
Grand A,1r,sh Of trumpSts la; the banks OF Ne" fofk
pbp.alDb u5 Boston have agreed TO take at par or'
h,-a3 ana sfty millions OF he treasury notes, recently
,r,ho,;5.d to be Issued 81 The Lreoln Government 90
o. u.mnbi, ADpss says that when drs' advised OF thi
-, determination /, feds eOshdent that the loan pa
b.r bssp forced By the s,rOnz arm q military power
- hal dseepon Of the grossest csAraetes Vas Be-
IN. ,r.e.i,.a up,u the people of the North % t.s
announcement While outstanding obligations Of '''
-. - COLD ra,ily be purchased in maISe! q; ireE
gbvsye 70 ninety cents in The dollar it vas absurd &c
.unpose that new issues could be pA@ea 'd A. pa o.
s,eb shsrosrs As the Shyloeks OF these iias'e ''e'
-ithoul some additional security beyond what s7i
In ordinary cases. As murder VII oai' 30 VIII Uni
t,e, uhlch ia srielerty exposed by The honest 'el
ol pooulAr rights aud liberty, the Ne" efk -''@''
According 90 the understanding oil the H'''' sLet'
.,a,.ipg the bAnks Of New York, Boston ana Ih'''
dlnli. have no, pledged themselves to iaEe Of 'ne LII
,oln Government $4,000 in treasury NOES a ADy '-
rbev have simply agreed 10 take S5oVoo'VVO q w
s.sut time and that Oaly upon conditions ~o,'n 'en
ths temporary investment secure to ITEM anu uuu'
=. ,,D,s,.,ce. a 20 reudsr the real amount OF p'o
II ,l,.ntAge to tbe banss much greater hAA 'n'
- -. In brief, toe banks take $50 OOv"vo I'd
%. hs,rpg Interest a. 40 per CEN. iroai -
,,., lsb nominsIy q par 8 o'"Vo' OF the 500 W.
~ bs psd doEu, ani the balance - to be pia'''
80 ,hs ersdi, OF the Government u the oapA' $50
..,,hlDg. the Lncoln Government o.. 'fs "ssn u
.lva .py mast dus treasury notes, OF ai> e7j ueAs
= ,o.,s a, oars OF the $50, 100000 loaned 10 S'h'i
sta.ks bonds or TREASURY notes-ezeept demand no1e
"A "a, The Oregon War l9sn-shAl be paid OUT OF Hv
,,,,.,.3 nv the GogeFnneut until Octocer laia ths
ovsfnuept shall make appeal 10 the people Tor s''
.,iotous 70 the nAtons oan. and tae MONEYS dsi'eu
h.raf,on shsE be paid 20 The Go'ernushh c. 1e
,.,,,s .ith sueh banks - taaJ be ssleeten oy zoe
s...ry of the Treasury, Wh The eo2eu'Fsece OF TO-
h,,k. sakinz the sy millions snd the proceeds o. SCI
s,,,,. % n. Government loan, o. 50 "a iea thsFeo
"a, n.,s...yv are 10 De employed IN feneursins 'h'
-, -, The AMOUNT drA N from thsu BY the GoTer1
zasgt .,..,.-,, $1,000
-. a., .,sl.laa. .cd unsuspeeting Ts'sss by the d.
-, .rd ussesuS4lous Chase Weo P'es'des over 'h'
-, .,obsousr Of the Washington RupP. Il . not
-, :, "a, bss on the contrary . very lar from H. TO-
n. Va, rsrsrEs " While tie banks dfA" 'n'eres
o tia b.giuui.g on the whole ninety per cent 81 ia
mn ., remains IN their yaGs for an Indefinite Peiio
xn.,.,,r amour. they do pay over % sse GOVefnneN
NAV be paid in DEPRECATED PiP-F, AMI al Tue t1Hs -
D5oeioai l. beng paid back TO them In gold ir'm 70
s,b.cro,iOns to the national loan received from ID
hapis of The pssge -,
Tai. !. ,be single statement Of the eA's IN nutshell
s,cb -. rsp,At, Is an anEldgaed sHiade, eOneoe'e-
for the parposs OF deuduS The poor and snorsn' III "
ioyssay their earnings in these dSPoeS.asd aud wor'a
Isss promises to pay" No government that Is force
10 such an cap di4nt IODss' AJ 0ai@ 10 ie resp'
cf sO.saporsry possrs, but mast fo'fei' vhi NJ
bs,.e,er for lolesy ls may posses fai seek 'P''g'
on, In the msdaess OF the asteism that irt'o d It,
,su., ..esiiy eon.lmmas lis disgrace by adding Iers
" pseGalAry bankruptcy.