The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1861-09-19
The National KOaa,


The following patriotic appeal for the nation
al loan has just been issued by Secretary Chase
"Your national government, compelled by
guilty conspiracy, eliminating in a causeles
instruction, is engaged in war for the secu
rity and liberty, for the supremacy Of the law
= for the defence of the Union and for the main
4 tenance of popular institutions. For the means
to detray the necessary expenses Of this wa
your Congress has directed that an appeal b.
be made % you, by opening a subscription to
national loan of one hundred and fifty million:
OF dollars. Already the enlightened and patri
otto capitalists of The great cities of New York
Philadelphia and Boston have manifested their
; clear sense, both of duty and interest, by sub
} scrlption of $50, 900. Congress, under
| which this subscription was received, wisely
provided, however, that the advantages as well
as tho patriotic satisfaction of a participation
in this loan shall be offered not to the capital.
lists Oh the great cities only, but to the people
of the whole country In order to secure a snb-
stantlal reward Tor their PUBLIC spirit to those
: whose patriotism prompts them in this iear OF
trial to place their means at the disposal of the
government, Congress directed that an interest
2 of 3-10ths per centum be paid on the several
5 amounts subscribed, and interest not liable to
state taxation, but constituting for subscribers
a revenue not only certain in receipt,bu greater
binary investment.
1 ''And in order 10 afford all citizens equal op-
portunities of participation in these advantages
t Congress has further directed that subscription
} be received for sums as small as $50, as well
), as for large amounts and that should the sub
scriptions exceed the whole sum desired, the
! smaller be preferred in its distribution. Each
subscriber, on payment of his subscription will
be entitled to receive Treasury notes, equal
in amount in such denominations a. he may
prefer, whether of $50, 300, $500, ST. 900, or
; 5000. The interest at 3-10th per anum will
be on the notes of $50, one cent, on 500 two
!, cents, on 5000 ten cents, on $1,000 twenty
cents, and on 5000, one dollar each day. All
the treasury notes issued will bear date on the
18th Of August, 1861, and will carry interest
from that date. Each note will have coupons
attached, expressing the several amounts OF
semi-annual interest, which coupons may be
detached from the notes aud presented for pay
ment separately. Each subscriber may pay
the whole amount subscribed at the time OF sub
scripton, OF, If he prefers 10 do so, may pay
one tenth at that time, and one-third every
twentith day thereafter. At each payment the
accrued interest On the amount from the 18TH
OF August to the date of payment must also be
pad, and the amounts Of interest thus paid will
be reimbursed in the payment of the first cou-
pom In order to secure beyond peradven.
ture, the punctua payment of the interest, and
the gradual reduction of the principal, Congress
has provided by law for an annual revenue am
ply sufficient, not only for these purposes but
tor the prompt payment of demands on account
OF extraordinary expenditures
! ut will be seen at glance that not only is
the whole property of the country pledged tol
tor the interest and final reimbursement OF the
loan, but that an adequate and specific proper
ton Of the annual production is set apart by
taxation for the redemption OF this pledge.
Prompt payment beyond contingency IS thus
issued. Nor can this taxation be thought great
when compared with the magnitude OF the o.
jects OF the contest or with the amount ofpfop-
erty and production.
"The objects arc Union, permahent peace
and security at home and respect abroad are
imperril.ed by this unproyoked rebellion Inc
intelligence of the people comptehends st once
their magnitude They Use above party-they
belong to no administration they concern the
whole country during all time, under every adj
ministration and i'll every relation, torelgn or
domestic. And the means for the attainment
of these great objects can be readily supplied
from the property and productions of the coun-
try, The real and personal values IN the Uni
ted States reach the vast aggregate OF Sio,QQ
100000, and in the States now loyal to the OIl-
ION this aggregate is II 900, 900.
f "The yearly surplus earnings eff the loyal
people are estimated by Intelligent persons con
versant with such Investigations at more than
$500 000,O 00 while the well considered judg-
mens Of military men of the highest rank and
repute warrant the confident expectation that
if the war is prosecuted with energy. courage
and skill, it will be brought to termination be-
fore the close OF the next spring, in which case
the cost beyond the revenue will hardly exceed
the $3.50, 900 900 loan authorized by Congress,
and with due economy in all branches of the
public service, not more than the total expen-
ditures Of Great Britain or France in years OF
} peace. e.
"And it is not unreasonable to hope that the
suspicious result OF peace may be fastened by
the reflection of the citizens Of the States in i'll
surrecton-that they will review their action,
weigh their own welfare, consider the disposl-
ton of the people of the whole country to rec
ognize all their constitutional rights and to al
low them their full share in the benefits of the
common government, and renew their alleg-
ance to the Union which, in an evil hour, they
have been tempted to throw off. Will they not
reflect that the war in which the government
: has been constrained is not war for national
, existence, and that an suspicious result to the
, Union Will benefit as largely the States in in
surrection as the States which have remained
loyal? However this may be, the duty of the
national government as the constitutionally-
constituted agent of the people, admits of no
question. The war, made necessary by the III
surrection, and reluctantly accepted by the gov
eminent, must be prosecuted with all possible
2 vigor until the restoration of the just authority
of the Union shall eusue permanent peace. The
same good Providence which conducted our
fathers through the difficulties and dangers
) which beset the formation of the Union, has
graciously strengthened our hand for the work
of its preservation.
3 The crops of the year are ample and fine
graInaries and barns are everywhere full. The
r capitalists of the country come cheerfully for
ward to sustain the credit of the government al
ready and, even in advance Of this appeal, mer
: OF all occupations seek to share the honors and
3 advantages Of the loan. Never except because
D OF the temporary depression caused by the re-
: bellion and the arrangement of business occa
: stoned by it, were the people OF the United
t States iii better condition to sustain a great
t contest than now
r Under these fav0ring circumstances, and
for these grand objects, | shall, in pursuance
of the act of Congress, cause books OF subscrip-
: ton to be opened as speedily as practicable in
!, the several cities and principal towns Of the
United States, in order that all citizens who de-
p. sire To subs crbe TO the loan may have the op-
3 portunity of doing Meanwhile those who
a prefer that course can remit any sum which
they may wish to invest in the loan to tbs
e Treasury of the United States at Washington
r or to either of the assistant Treasures at Bus.
o ton, New York, or Philadelphia, or st. Louis
+ or to the Depository at Cincinnati, where Ger
b tifcates viii cntitle the holders to Treasury
notes on the terms already stated. The path
otism of the people, it is not to be doubted, vii
d promptly respond to the liberal wisdom of thei
g Representatives. S. p. CHASE,
d Secretary of the Treasury"
e -
e NEAR Naples, lately, the brigands seized al
= old mau of eighty, and sent to his family for
g ransom of two thousand ducats. The fmil
J, sent back only two hundred. upon which tn
a brigands returned answer in an envelope cor
tanning the old mans cara. The family immt
Idiately raised the remaining eighteen hundre
C and sentit, but meantime their father han die
8, of pain and fright
10 ---- f,.