The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-09-10
APPEAL or THE SECRETARY OF THE TREA.
6URY IN BEHALF OF TILE NATIONAL
LOAN.

10 THE CITIZENS OF THE UNITED STATES
Yonr national government compelled by guilty con
spiracy eliminating in causcess instruction is engaged
war for the security Of liberty, for the supremacy
law for the defence Of the Union and for the nainen
ance Of popular institutions. For deiray the no.
eessary expenses of this your Congress has directed
MAI an appeal be made to you, by opening subscription
dollars.
Already the enligh,ened and patriotic capitalists Of the
great cities of New YORK, Boston and Philadelphia have
manifested their clear sense both duty ard interest by
the subscription Of Atty millions OF dollars
The act OF Congress under which this subscription was
received wisely provides however that the advantages
as well as the patriotic ssfacc ion OF participation In this
an shall be offered not TO the capitalists of the great
cities only, but to the people Of the whole country.
order TO secure substantial reward for their nubIi
spirit to those whose patriotism prompts them this hour
trial to place their means At the disposal of the govern
uen Congress has directed tina, interest seven and
shrcetcn'hs percentun be paid the several amounts
subscribe interest not liable TO State Taxation b, /
constituting for The subscribers only Ger
tain IN receipt, but greater in than be expect
ed from any ordinary Investment.
And, in order to afford to all citizens c1ur opportup
ties of participation in tn advantages Conar has
further directed IT, subscriptions be received sums
as snail as fifty dollars well for larger amounts and
that should the subscriptions exceed the whole sum de-
sired the smaller be preferred in the distribution
fch subscriber on payment OF his subscription, will
DC entitled 10 receive Treasury notes Of equal amount in
snch CONCENTRATIONS rs he may prefer whether of atty
dollars. "
The interest n. seven and three enhs per annura will
be On the notes Of nifty dollars Mt Of one hundred
dollars, two cents; Of five hundred collars ten cents of
Thousand dollars twenty cents and of i've tt,ora
dollars, ono dollar each day.
Al Treasury issued will! bear date on the 10Th e
August, 1851, and viii carry interest from That dale
Zach note viii have coupons attached expressing thc
several amounts of semi annual interest which coup,re
may be detached rom the and presented for my
nent separately. 10y
fach subscriber may pay the whole amount Subscribed
NJ INC thc OF subscription, if he prefers TO So
may pay eteuth 1T that time and one-third every
HWehtleh cay thereafter At each payment accrued
teres on the amount from the 18Th Of August 10 the
a'o oi payen must also be paid aud the amounts of
interest htS fao HA b. reimbursed ~ the payrneut of
che FIRST coupon.
in order to secure beyond pcradventurc tho
aayincnt OF interest and the gradual reduction az tho
yrjncfal Congress has provided by law Tor nm annual
reS ue amply sufficient not only for these pnrnoses h,t
Vor the prompt payment Of all demands on accout nr
ordinary Expenditures. "
il VIII be seen al glance that only is tho W bole
voery OF the country pledged for the interest and On9
endorsement o This loan. hut that ADEQUATE specf
Pr, portion II the annual production is apart by taxa
tjon-, Tor the redemption Of fLis pledge Prompt rav
nent, beyond contingency, Is ,lns insured
Nor this taxation be thought great when COMPARED
with IS magnitude of che objects o. the contest or with
Ale amount Of property and production.
The oh ects are nnon, popular government permanent
peace gity at bone respect abroa.i--ll mparird
by tsiftoyo sed rebellion The intelligence of the people
cOm5rebsnds at once their magnitude thy rise above
party They Nelong TO no administration. hey
the wqe cp1Bfy, during all time, under eyc,v admin
straon. end III every relation, foreign domestic.
And the or the attainment Of these great objects
be readily supplied from the property and production
OF The country. tn real and personal values IN ie
ed States reach the east aggregate Of sixteen thousand