The Highland weekly news. [volume] (Hillsborough [Hillsboro], Highland County, Ohio) 1853-1886, 1861-09-26
SflistGLLanCOus
Appeal to the People Of the United
States.


States.
The SooDotsrF Of the Treasury has is.
sued a patriotic appeal to the people oI
the country, in behalf of the National
Loan authorized by the last Congress
We copy the material portions Of it
"And in order to afford all ciG.
zens equal opportunities Of participation
in these advantages Congress has fur
ther directed that subscriptions be re-
ceived for sums as small as $50, as we'll
as for large amounts, and that shoVld
the subscriptions exceed the whole sum
desired, the smaller be pCeferred iR its
distribution. Each subscriber, on pay
meut of his subscription will be eutiNed
to receive Treasury notes, equal in
amount ia such denominations as he
may prefer, whether Of $50, S1O0, $500,
1000, or $4,000. The interest at Z
3-l0ths per anuun will be Ga the notes
of $50 one ceat, on 500 two cents, oa
$500 ten cents, on S eco tweaty cents,
and on S5, 600 Que dollar each day. All
the Treasury notes issued will bear date
on the 10Th of August 'Gl and will
carry interest from that date. Each
note will have coupons attached, ex-
pressing the several amounts of semi
annual interest, which coupons may be
detached from the notes aud preseHted
for paymeOt separately. Each sub
scriber may pay the whole amoUut sub
scribed at the time Of the subscription,
or, if he prefers to do so, may pay one
tonth at that time, and one-third every
twentieth day thereafter At each pay
ment the accrued interest on the
amount from the 10Th of August to the
date of payment must also be paid, and
the amounts of interest thus paid will
be reimbursed in the payment Of the
first coupon. In order to secure, be-
yond peradventure, the punctual pay
mont Of the interest, and the gradual
reduction of the principal Congress has
provided by law for an annual revenue,
amply sufficient, not only for these pur-
poses, but for the prompt payment Of
all demands on account Of eXtraordina-
Ty expenditures.
ut win be seen at a glance that not
oniy is the whole property Of the coun-
try pledged for the interest and final
reimbursement of the loan, but that an
adequate and specific proportion of the
annual production is set apart by taxa
ton for the redemption of this pledge.
Prompt payment beyond a contingency
is thus insured Nor can this taxation
be thought great when compared with
the magnitude Of the objects Of the
contest or with the amount of property
and production.
"These objects are Union, permanent
peace and security at home and re-
spcct abroad, are imperillod in this
unprovoked rebellion. The intelligence
oTthe people comprohends at once their
magnitude They rise above party
they belong to no administratiou-they
concern the whole country during all
time, under every administration, and
in every relation, foreign and domestic.
And the means for the attainment Of
these great objects can be rapidly sup
piled from the property and produc-
tions Of the country. The real and
personal values of the United States
reach tho vast aggregate of $4,000
100000, and ia tho States now loyal to
the Union this aggregate is $ll,OOO,-
100000.
"Thc yearly surplus earnings Of loyal
people arc estimated by intelligent per-
sons conversant with such investigations
at more that S4OO,OOOOO0 while the
we'll considered judgment Of military
men Of the highest rank and repute,
warrants the confident expectation that
if the war is prosecuted with energy
courage ana slill, 1t may Be brought to
termination boforo the close Of the
next spring, in which event tho cost