Daily national Democrat., 1861-10-22
The National Loan.

an opportunity TO render substantial aid to
the Government cause, by investing some of
their solid gold in Treasury notes. The
bankers OF Boston New York and Philadel-
phia took $4,000 600 Of the Sl5o,00o,0o
oan authorized by Cougres-,and agree to take
another third of the amount, as soon as they
become satisfied that the people would relieve
them Of the first The raridty with which
the masses have fespon led, by purchasing
the notes Of the Government, has prompted
the Presidents Of the various banks in the
three cities named, to declare in favor "a ad
vancing the second $50 600 900 of the whole
amount The remaining S50,00O,000 will be
forthcoming so soon as the people shall have
purchased up all or nearly all Of the first
SIOO, 600, 900. The Eastern papers teem with
accounts of the patriotic heartiness with
which the people Of all classes in society are
coming forward in aid Of their Government.
The notes are issued in various denominations,
to-wit: $50 500, $500, $1,000 and $1,000.
They bear interest at the rate Of $40 per
cent per annum, interest payable sem-auu
ally. 1t is not to he expected that in this
State, where interest is high, any very large
amount will be taken by any one person. As
an investment, the United States loan is not
remuneratiye, according to California ideas
The principal of the notes is payable August
10, 1864, and the certainty Of the payment is
exactly the same as the certainty that Re
publican Government can withstand the shock
Of a rebellion, inauguratcd by disappointed
politicians against the masses of the people
who refused to longer trust them with the
affairs Of the Nation.
In the East, rich and poor; the millionaire,
and his secretary; the heiress and her seam
stress the merchant and his clagk--in short
all who are lucky enough to have been born
rich, and all who are thrifty enough to have a
few hundreds gathered by hard labor, are.
according to their ability, aiding their Gov
ernment 10y purchasing some Of its notes. it
remains to be seen whether the Golden State
Will be behind her sisters in aiding with
money TO suppress the infamous rebellion
which menaces our national existence. The
Government wants to borrow money Of its
citizens The people are asked to place in
the hands of their chosen servants, as a loan,
some money with which to feed, clothe arm
and transport those who are doing the fight
ing, and undergoing all the hardships of war
What though money is worth eighteen per
cent. a year? Cannot each man who has
money, loan the Nation Of which he is a citi-
zen, little, at less than going rates? No do
nation is asked The principal will be paid
in three years in full The interest viii be
paid semi-annually. VIII not every man
who has one loyal feeling his breast, put his
hand into his pocket, and loan something to
the Republic, upon its note of hand? Some
Of the papers have expressed doubts about
this matter. They fear that the Government
cannot borrow money Of its citizens here at
SO low a rate Of interest
We have full confidence in the liberali'y
of Calfornians, and believe they will aid in
relieving the Nations necessities, as a matter
of duty. People sometimes accommodate
their friends with reasonable sums of money
at less than two per cent month. Has not
Uncle Sam always been our friend? Here is
the advertisement Of the Assistant Treasurer
for California 1t gives all the necessary di-
rectioas to be observed by those desiring to
purchase Treasury notes:
National Loan.
Pursuant to instructions from the Secre-
tary of the Treasury, book will lie opened
on the l4th day Of November next, at the
Office of the Assistant Treasurer L. s., in
this city, at the hour of o'clock, A. NJ, for
subscriptions under my superintendent for
Treasury notes, to be issued under the act of
July II, 1861. These notes will be issued in
sums of fifty dollars, one hundred dollars, five
hundred dollars, one thousand dollars, and
five thousand dollars each, dated 18th Au-
gust, payable three years after date to the
order of the subscriber or as directed, and
bearing interest at the rate of 3-lOths per
cent per annum payable seiniannualy; such
interest being at the rate of two cents for
each day for every hundred dollars For the
convenience of the holder, each note will
have coupons attached expressing the several
amounts of semi-annual interest, which cou-
pons may be detached and presented for pay
ment separately from the notes.
Subscriptions for such Treasury Notes will
be received during fifteen days from the day
Of opening the book as aforesaid. No sub
scripton for less than fifty dollars nor for
any fraction Of that sum, can be received.
Subscriptions of fifty dollars or one hundred
dollars must be paid in lawful coin Of the
United States at the time Of subscrt ing.
Subscriptions Of more than hundred dollars
may be subscribed at once; or, if preferred
oue-tenth at the time of subscribing and one.
third of the whole amount on every twenii.
eth day therercalter until the whole shah he
paid No payment Of less than fifty dollars
can be accepted, that being the smallest sum
for which Treasury notes can be issued.
Certificates will be issued in duplicate tc
subscribers for the amounts SO paid, the or
ginal Of which the subscriber will transmit
by mail to the Secretary Of the Treasury
when Treasury notes as aforesaid, viii be
issued thereon to such subscriber or his or
der, carrying interest as expressed in such
certificate; but in cases where only q part
of the amount subscribed is paid at the time
Of subscribing, Treasury Notes will be issued
only for the payments made subsequently tc
the first which will remain until the whole
amount subscribed 10y such person shall be
. paid, when Treasury Notes will be issued
for such first payment also On payment o
each deferred instalment, the subscriber will
pay, in addition thereto, sum equal to Tho
interest accrued thereon from the 10th Au-
gust to the date of payment, and on fna
payment like interest on the amount paid or
subscription, which payments Of interest will
| be reirn burspl to thp suhscribpr I'm tha nav