Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1861-10-04

( IHE NATIONAL IOAN.--The associated
banks Of New York, Boston and Phtadel.
phia, have again nobly advanced their credit
in behalf Of the National Loan, taking the
second fifty millions. Tho New York stock
market also indicates that the credit of tho
Government is unimpaired Let the London
Inns grumble it is reported to be the
organ of the Rothschlds, who would not
object to large slice Of tie National Loan
at big shave. They won't get il. The New
York Time, says:
"The terms Of the original programme Of the 18Th Of
August are adhered TO- and r A. the holders OF the
treasury per cents. " iSI-hivng A. present about
eighteen or tNcny months runate dsposed 10 avail
el me privilege. they can dispose n the notes 10 the
Ahks 70 Ne used IN payment NJ te present
There difference NJ views a, To earring out
lnl' provision e III" original asfcement beyond the
amounts now h,d ly The banks but the houcr counsel
iMtrl peiau'd tu iAr Bank Conference, on SATURDAY.,
~ sdhe'irg surety au Ia good fsh not only in thc
immediate parties concerned. h a the public whn have
brcn dealing 10 these uuics since the 10Th u August Of
"nhernE To- The SMUT aud letter N the understanding
In the same view u deem "a best nnt n 'rru,inc
az present the third aud hnal opium ~ 5000 OO1 until
" ~" about expire 10y limitation the lat Of Deem
Der majority u the New York B,uks were ready Al
once IN srcepi b. aud thus avail u the arcrrr iur
2n SlvOVpVOl' but ~ the delegations from Boston aud
Ihialelphh we're without instru lions the subject,
and Other considerations 81 public naturo were
"a against placing 100 large thc immediate cred
u OF thc uvernmcn the conclusion arrived al i that
20 change be made in this part ~ The fret agreement
IN the same spirit h determined and we are = al to
hear, with diminished Gppus IT. that all trourr fyor
BE- extended 10 The United Suites notes Of circulation a.
cou, eui-nt - we'll duly authorised means 90 m e
duct o. the Treasury Department with the least possible
disturbance 10 the specie bases Of TIE ihffe oes h.
cluding their Sub Treasury Offices
The Secretary ~ the Treasury who arrived M town ON
FRIDAY evening invited 10 the bank conference and
ate que explanation " the position and wants NJ his
department and The course N Intimidation bv the
bosefumrnt, generally expressed bic concurrence n what
had been dome aud bis cafurst desire 10 conduct fe
fnrfrrfUrrf account 9Th she banks untt f
large and Hhrrai ucyhiittnns with a. much
70 AZ parties aud especially the hanks as bis sense M
The OBLIGATIONS Of tlc amended Sub Treasury ir N fgtC
drafts ~ t'le Department upon tto bank ae,i, iii h.
shaped IN comparatively moderate sums aud the actual
mlnn acrunnlsipn BOO the Sub ros.ut, kept I,vn tp
me t"Ncst working minimum. lie bclicvci-std iu
ms ne VIII uo doubt have the concurrence N nine rus
o. ihe phbie-hat with the introduction NJ the United
states notes payable demand, fairly established a. 30
soon viii be, The ccOnd and ccdug Negotiations i
"nk even more kindly than the first and that the use
snd un'aryng credit u this common medium in the ut
unsrv receipts snd disbursements Of the Government
~ we'll a. 10 settlement with the banks will save the
unnecessary and cpueat transfer Il large amounts II
bullion"
AZ meeting Of the Presidents Of most Of
the Boston banks. at which it was fuallv de-
cided TO take the second instalment Of the
loan. assurances were given that some Of our
leading capitalists who have hetolorc stood
aloof. would put their shoulders to the wheel
and take large amounts OF the loan. Il was
stated that one capitalist was ready to take
500 600.