Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-07-13

- .Hss qa~rter{ ned bean IS 81 24e faciRcAn'
iaeas, Or equal % SCI COG geo for he y Ar AZ TIA
= before The efeces Of Cur rnpovarfssrss-s aa-a -
= s1n g anew thsmaal7ss ars1nq ceoanrsrr n,
! euse'Los ssti1stss are S<oCoO.cco tro - IN
u o-s - proposes e Levy upaa real and psr1oca
5c.SSPSfts, H1zcn - pas 81 Tal-acf S10ec9 "a.
!. yeS "a the Nortks-n Stzrss. r. CO., 1850 -
- = e are taxSa q stills, liquors hanS rotes &c
-, 9ssr, tobacco, carriages silver T=sra sss-sf--
S5rS5 s.. &C; "a, eonfseatsr CT p7cpsrf7 81, re-
J ne loan psrs Of the schene he sucroschss visl
$3.50 80 sEslnolng After reeountiD7 part Of the
80 ~; TO raise money hitherto sliding
G. sino 0oo o6enaers, he proposes national loan
ior SIVU Oo0 OO0 at an interest 81 &c per dsv II
, notes Of $50 $780, $500 81 0o0 a. sSs ssssS3 y
Insy are to be issued at Wssbin0tnn ~ IN .5e b
LreAsuTies' Post offices, and BY Goserunent broker
every where The notes, having apOrava5 r,nor .l,-
backs the rates Of interest," nav ~ .;5 - 80 n,
per cent down, and 10 per cent everv M 5svs tn
aggregate not 10 be restricted to snv - -
"oTus, AZ tne thlns taxes We win get ali Ne esn
upon thesc notes " These notes are not rsos5-s-
ole for GoTernnent dues nor eOpve-tsbls 80
stock. mo
The Secretary, however, thinks sTOoo noo -
muen as the public VIII stand in that shape, ana he
proposes TO appeal to English sympathizers nv =
'oreign loan Of go 900 900 bearing per cent IN.
teress pay able in London or at Washington, with
tne exchange added to make it equal to cash in
The next proposition Is 10 issue $50 600 goo oF
| paper money in notes Of $1,000 each, bearing
per cent interest per day, payable in one year, or
convertible into the three year 3I0 per cent Tres-
sury notes, or to be issued without interest ant
! made payable on demand in coia-We should prefer
/ the coin decidedly
We have not room on the present occasion TO DIS
cuss these schemes, bus We will simply show hero
what the Secretary himself thinks OF them. The
flowing IS the reason he gives for wanting %
issue $40 per cent Treasury notes upon the PEG
pie;
Ss bonds OF the Taisd aes b.aTaz An interest," Of psr
5 ~ 3G semtois gsay years sisr dse s.noo Be ds
a. IL real vii" Mt exceed ard thre=tsnths per
10 other words moneyed men, capitalists who ID.
dersand the matter, Will NOT lend their money at
that rate OF interest. They cannot sfOrd IT, but he
hopes 20 extract the money from the Door At rata
which the rici will not afford We NAV now turn
to his reason for appealing to the London lenders
to help him out. IL will be borne in mind that tho
rate ia per cent
"The Secretary ous-t1ins very confident expectation aat
Of the loan u not the whole eaDy, fsvorass
capitalists in oths1 eounlEiss, viii be 0bsaine
This Is very extraordinary, certainly. When he
IS Wheedhng the people out Of money at : , 10 he
says the capitalists vii net lend al that rate; WIEN
ne asks for his loan IN foreign shape be SAWS he
can get it Of the capitalists at home az per cent
The capitalists know very well that with the coz
tinusnee Of the wai the Governments cannot borrow
for anything like per cent. and that the proposed
issues or national loan, II issued or proposed
through agents and brokers' would speedily fan to
q heavy discount The takers of small sums copi5
not hold them and as they are not receivable for
Government dues or convertible into stock, they
would have no yalue but TO await payuent AZ H.
end Of three years Suppose the war lasts three
years at me rate OF SSOO SOU per year: amid
paralyzed industry, what chance is there of pay
meut2
Suppose the depositors in savings banks were
to any extent tempted to take these notes, and the
savings oSnks were abe to pay up, what would
happen when one Of the owners Of thase nOtes
Il
You cannot nav taxes with them. You car use
them IN no shape but sell them to shavers at low
rae, VINO WIZ nOld mem lor reGeIl p'ion.
all Carried ant and 5e gat- HI. none 5s Nh ~
still 500 900 short of the demands Of the Presi-
dent
AGAIN he states tAe present. dsO''
July / say.;,-. $500 .
LTIS, jr,-.ss, % 5 5Sa y
or ann, which tho ,,..,,-,, r,-. ,-.,. -.
meet. Commemorative ths crlinary eTrs7zes 61' H.
Government must be added to the tax LIST
Inc secretary paper money scheme appears
~, - = $50, - .--- " 7l'l'
Hal-ee-. P-pass.
Notes At } Ia yesrsssnii snnlal.--Est convert.
s. =, ~ lea - ai'. eo''e'' INTO --o
VI, ,f,,,,1y - o., tl4 -, ..,-,. -. -.
, - - - a. ;. - = - - - - Isi
~ 80 uay 80 S SA I ~ 10y Leisd
S.5 SeHtInS ~ $50 80 =: i! - Iae - aEs
~ Oe ty 80 so y S 80 o :; "t ~, ~"
t ~ - g. - =, 80 .;I . 80 = 1 81 50
~; u - - .;; - ;; - : = .t- ss PA0
III Il anu . ''--il9 = 'A'1 u ~
The New York Herald thinks Git IS = nire ques-
tior, whether under the terms of the Oueen;s nm
5: Ss':a'a might s.1. r., :: ao = It. ::