Daily Nashville patriot. [volume] (Nashville, Tenn.) 1860-1862, 1861-09-07

Secretary Chase asking the Psorls
for their Money.
WAsHuNeToS. Sept. 1.-Secretary Chase
has just issued The following appeal to the
citizens of the United States, in behalf Of
the National Loan:
Your National Government, compelled by
guilty conspiracy, eliminating ia cause
less insurrection. is engaged in war for the
security of liberty. for the supremacy of law
for the defence of Union. aud for the msinteD-
ance of popular Institutions. Far me ms to
defray the necessary expenses of this war,
your Congress has directed that an appeal
be made to you, by opening a subscription
to national Loan of one hundrrd and fifty
millions of dollars.
Already the enlightened and patriotic
capitaii-ts of the great cities OF New York,
Boston and Philadelphia have m initested
their clear sense both Of duty and interest,
by the subscription of fifty millions OF dol
lars.
The Act of Congress under which this sub
scription was received. wisely provides, how
ever that the advantages, is well as the pa
triotic satisfaction of participation in this
loan shall be offered, not to tho Capitalists of
the gr at cities only. but to the people of the
whole country.
In order to secure substantial reward
for their public spirit to those whose patriot
ism prompts them iu this hour of trial, to
place their means at the disposal of the Gov
ernment, Congress has directed that an in
terest of seven and tnree-tenths per centum
be paid on the several amounts subscribed;
an interest not liable to State taxation, but
constituting for the subscribers, revenue
not only certain in receipt, but greater in
amount than can be expected from any Or
binary investment.
And, in order to afford to all citizens equal
opportunities of participation in these advan-
tageS, Congress has further directed that sub
scriptions be received for sums as small a.
fifty dollars, as well as for larger amounts;
and that, should the subscriptions exceed the
whole sum desired, the smaller be preferred
in the distribution.
Each subscriber, on payment of his SUBJ
scription, will be entitled to receive Treasury
notes of equal amount in such denominations
| as he may prefer, whether of fifty. one hun
dred, five hundred, one thousand or five thou
sand dollars.
The interest, at z 10 per aunum, will be,
on the notes of fifty dollars, one cent; on one
hundred dollars two centsj on five hundred
dollars, ten cents; on one thousand dollars,
| twenty cents; and on five thousand dollars,
| one dollar each day.
ALI Treasury notes issued will bear date on
| the 18th of August, 1861. and will carry in
| terest from that date. Each note will have
| coupons attached, expressing the several
| amounts of semian interest. which cOu-
pons may be detached from the uote and pre-
scented Tor payment separately.
latter detailing how subscriptions is to be
made he Continues:
1t will be seen al a glance that, not only is
| the whole property of the country pledged
| tor the interest and final reimbu fsement OF
this loan, but that an adequate specific pro-
portion of the annual production is set apart
by taxation for the redemption of this pledge
| Prompt payment, beyond contingency, is
| TINS ensured.
| 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.
! The objects are Union, popular govern
meat, permanent peace, security at home
respect abroad; all imperlled by unprOvoked
rebellion. The Intelligence of the people
| comprehends at once their magnitude. They
| rise above party. They belong To no Ad-
minisiration They concern the whole
country, during all time, under every ad
| ministralion, and in every relation, foreign
or don este. sa.
| 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 reach the vast aggregate
OF sixteen thousand millions OF dollars; and
| in The States now loyal TO the MON this ag-
| gregate is eleven thousand millions.
| The yearly urplus earnings OF the loya
| people are estimated, 10y intelligent persons
| conversant with such Investigations, at more
| than four hundred millions of dollars; while
the well considered judgment of military
4 men of the highest rank aud repute, warrant
a confident expectation that the war. prose
| cuted with energy, courage aud skill, MAJ
| be brought to d termination before the Close
of the next spring; in which event the cost
| beyond the revenue, will hardly exceed The
amount of the two hundred and fifty millions
| loan authorized by Congress. With due
| economy in all branches of the public ser
| vice, the total expenditures for all objects
military, naval aud civil, in this year OF war
need not exceed the ordinary expenditures
of Great Britain or France in years of peace
And is 1t unreasonable to hope that the
suspicious result of peace may be FASTENED
by the reflections of the CT izeus of the States
in insurreelion? That they will review their
action; wei h their own welfare; consider the
disposition of the people of the whole coua
| try to recognise all their constitutional rights
| and to allow them their full share in the ben
| elits OF the common Government, and renew
their allegiance to the Union, which, in ar
evil hour, they have been tempted to throw
off? Will they not reflect that the war into
constrained, is not a war for their subjuga-
ton, but war for National existence, anG
that an suspicious result 10 the UniOnS will
benefit as largely the States in insurrectior
as the States which have remained loyal
1.-THE dear, good Mr.. Chase-how sweet be
talksIl
However this may be, the duty of the Ma
tional Government as the constitutionally
constituted agent of the people, admits OF nc
question. The war, made necessary by in
surrection, aud reluctantly accepted by the
Government, must be prosecuted with al
possible vgor until the restoration of the JUS
authority of the Union shall insure perma
nent peace [Oh! the terrible mani
The same good Providence which conduct
ed our fathers through the difficulties anG
dangers which beset the formation of the
Union, has graciously strengthened our hands
for the work OF its preservation.
The patriotism of the people, it is not te
be doubted, will promptly respond to the lib
eral wisdom of their representatives.
- p CHASE