Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1861-07-13

PAYlHa THE PirER.--It Is stated Tint Lilcoln'B
Secretary of tho Treasury estimates the total eN-
penscs Of tho Rump Goyernnent for tho current
ss.imatcd tSat 100000, ,oOo viii 10 10 required for
tho ordinary expenses and for tho payment OF the
Interest on loans "A correspondent Of tho New
York Tribune writes: ~ f& ef
E:o:s a;is !;s7o 5Ss:. ;;;;.S: ss::cas::...S:: ~
Gov Cbuse Tor meeting tho extraordinary dcma,.dS
upon tho treasury II has finally decided TO lnye
recourse TO the three following measures, all Of
which will bcrccomniendcd to Congress in his
port: * ss n#t rt t41 3J#sfr.
First a. groat national loan subscriptions for
which will be opened all over the country. Corr
tiiicates for this will be issued IN sums of $50.
SlOO, $500 and $1,000, and will bear interest at
3O-lOO per cent; so TINT thcinterest OIL n $50
rate OF interest will be endorsed on tho back of
each note, SO, tlIat each holder may know at IL
glance tho amount Of interest due for my given
time hc may hold it, This loan will be rsdecn.a-
OF the Government and will not be- convertible
into bonds, or received for custom house or other
Government dues.
Second. y fo' ign loan, bearing interest at tho
rate Of Gao 100 per cent
Third The issue OF trcnsuryno OF dcnomi
nations MS low as $50, bearing intcrcst nj the rate
Of 3 30 100 per cent. These; if issued will cir
culnte as currency, will DO convertible into stock
OF twenty years loan, and will bc receivable for
cusonlhonses dues, &c. Many Western men urgo
this plan warmly, but it is not regarded with
much favor by Governor Chase, aud he will resort
to it sparingly, if nt all. llo anticipates that
these notes would not keep ont in circulation long
enough to make it an object to issue thcm
Tho Secretary will recommend n special tax or
Ell, coffee and sugar, mud also some further cham
ges in the present tariff. for purposes of rcycnuGs
II is proposed to pledge by law ,tc proceeds of
,lns special tax on subjects Of luxury 10 he crcdi
TORS OF tho Government. for the payment Of the
interest on It's obligations. 1t is estimated lint
tic revenue arising from the special tax, an.l
other sources. will DO 500. .OC00CO, which will Gov
CT all the ordinary expenses Of tho Government
ana provide Tor the payment vi the interest OH
loans
FEARFUL ToRSAno-LIvEs LosT.-On
the 10Th Instant, terrible tornado swept
over Champaign County, Illinois A CORE
spondrnt Of the Chicago Tri1une says /:
After the wind had tested the moving
capacity of everything portable, then came a
shower Of hail, which converted immense
crops Of ripcnng wheat and waving corn in
to a barren waste. There are many farms in
the vicinity If Champaign City upon which
there is not green lcnf or blade of grass
left. Wheat, onts, barley and rye arc entire
Iy ruined. l visited many fields, to-day and
found the small grain mown to the ground NJ
with Scythe and tho stalks were beaten and
shivered, lookngas though they had pusscd
through thrcshing mnchine. Corn which
was one and half feet high. was cut off even
withthc ground, aud the stalk bcltnn to Jelly
all inch below the surface. Up to this date
VIC have heard Of five persons who wero
Killed, and quite n number who were more
or less seriously wounded"