Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-09-28
something to make a note OF.

The following clip from the New York
Sunday Times, democratic paper of the
strictest sect, should be attentivsly noted :
Quesion-Is it as safe to have money
invested in Treasury notes as to have it
deposited ia savings bank, or are the
Treasury notes more secure2 am aware
that the banks can fail, but how will the
Treasury notes be repaid, and what have
the government to fall back on in case the
present war lasts three years or longer and
the $500, 100000 is swallowed up, Tor
doWnO as the case may BET Hfz fa
iAaScer-The savings banks are secure,
bot the United States Treasury is still
more so, and we consider the Treasury
notes as substantial as the notes'of the
Bank Of England, The United States Is
the only government in the world that has
ever paid its national debt. In the present
case it falls back for the interest on the
increased tariff aud on the income tax
To pay the principle it converts Treasury
notes into government bonds, which bonds
have twenty years to run. As to debt of
five hundred or even thousand millions
Of dollars, Il seems enormous to us be-
cause we are not accustomed TO it; but
the public debt Of Great Britain, with n
population of thirty millions, is four thous-
and millions of dollars, and the Canadas,
with only two and a half millions of peo-
pie, have a public debt Of sixty-five mil
lions of dollars. The free States alone
could take debt of one thousand mill
lions of dollars on their shoulders, find it,
pay the interest regularly, and, if every
dollar of it were borrowed of our own
citizens, would only find the latter the
more loyal ON account of their greater in
terest in maintaining good government.
To show what is thought of the Treasury
notes here in Wheeling, We may state that,
few days ago, one of the most Intelligent
Of our financial men invested his entire
monied means In the seven thirty Treasury
notes Aud to do 1t, be bought gold at
some seven Ot eight per cent. We are
glad that our people generally are to have
a chance ~ these notes in few days.
The National Loan and Business.
The we'll informed financial editor of the
Boston Post, in speaking Of the National
Loan and the general prospects of busi-
ness, Gays
The National Loan continues to be THE
item of financial interest. II is destined
70 anect our whole monetary system, Tor n
long time to come but experience shows
that with proper management on the Part
of those concerned, the immediate dis
turbance 70 the money markets will be
next to nothing. The outside subscrip-
tions are averaging above one usillioH Of
doliaFS per day, throughout the county
The banks have already had II perc
OF their subscriptions returned 70 them,
while they have Maid IN 66 per cent. and i
this, 10 less than one month from the date
OF their FIRST deposit. We have long since
dismissed all fears as to the success ofthe
loan. The ieOrSt that can happen will be
n somewhat permanent bank investment
Of ssyenty.iYs or one hundred Millions
result which, q before remarked, will be
thG hestinvestmentp possible for bank stock.
holders, while Il viii cause gradual bat
wholesome diminutiSn Of bsnking facilities
% the public, beginning at time when
business needs are small, and when all ex.