The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1861-09-21

| "' VI thc k-opuiaF Loan
| FrsM the New York Herald, Sept, II.
Inc SUBSCRIPTIONS To the popular gov.
ernment loan are progressing in the most
favorable manner, and the greatest conf
dence Is exhibited in the administration
by all classes of the American people
Since the 18th of August last-te day on
which the loan opened III this bity-the
subscriptions have been gradually on the
increase On the first day the sum re-
ceiyed was SIC, $40; now it averages nearly
half a million day. The accounts from
Boston and Philadelphia show also that
these cities are also coming forward ac
lively IN support Of the loan. The sub.
scriptions from Philadelphia are somewhat
IN advance of those from the former city
but tnis is accounted for on the ground
that good many OF the Boston subscrib-
ers make their deposits in this city
There is some delay experienced from the
necessity OF sending to Washington for
thr certificates; but the work Will be great
ly accelerated when the bills are provided
tor immediate delivery to the subscribers.
Subscriptions have come all the way from
Fort Leayenworth, and lot few from
Wheeling, Western Virginia Most OF
( those from Maine, Massachusetts,, Con
necticut, and Rhode Island come by mail,
F
the office Of the Sub Treasurer in person
Tor the purpose OF paying in their quota
All classes OF the community, without ex-
ception, exhibit the greatest interest in
the success OF the loan, and a. soon as the
branch offices are established great i'm
petus viii be given to the receipts 4
good many women have subscribed One
OF these-i married lady lent $500 IN her
maden name. She SAID the money was
her own, and she wished the certificate to
he sent to her hOtse, as she did not de
sire that her husband should know any
tn."s about It, cO!orcd man yesterday
morning brought Ia SlJu, which he eX.
pected 10 loan the government for a Ger
tain time, without any expectation of in
terest. lie was somewhat surprised on
hearing that Interest would lie paid him
he mo I've Iupel!lng the subscriptions
seems 10 be nothing beyond true patriot
ism. The Germans subscribe IN a very
large proportion 10 the other Inhabitants.
ana IN large sums. Al sums from sJO to
the highest amounts are accepted, 50 that
there Is no exclusion Of any class Of per
sons. Many OF those subscribing state
thlt their only motive is the We fare OF
the country and OF the Union Others.
VINO send their money 10y mail, accompany
women who subscribe say that they have
sons and friends in the army, and tha
tIsir desire IS to do everything III rhen
power for the prosperity ot Tie country.
Not !oug since a very elegantly dressed
lady called on the SuO-Tgeasu.er 10 -ub-
scribe = ~, which she desired should be
registered III a fictitious name, by which
she said she was best known. She was
however, advised to have 10 have tne
record made IN her real name u prevent
any loss that might occur through uufore-
seen circumstance.
The sub cTptions g,ucraily commence
at about tea i. u. each day. and Continue .
very regularly until about twelve o'clock :
nJoa. there Is then q cessation for abo; .
half an hour-the time that most people /
20 to the meals. The subscription. thea /.
reComEenCe with more activity, and CON /.
tinue until a late hour, so that Il i next
20 impossible 10 tel! at two 0 clock on any 4
day what amount has been subscribed .
The force OF clerks in the office OF the /.
Sub Treasurer has been considerably in I
creased, but the work OF receiving sub /
scrlpt!ons Is nevertheless very severe /
The CLERKS are sometimes occupied until .
midn ght, a. the amounts subscribed the .
names of the subscribers, and ereyy ether .
4
Washington every night. On Saturday .
last al! hands in the office were occupied /
until pas. Midnight.
The counting ard testing OF the nopcr
received occupy considerable time Every /
piece OF gold has to be submitted 10 the .
testers, VINO are persous Aisaiy qualified .
for the discharge so delicate a task. Ev-
cry day fraudulent pieces are found, which (
nothing but the greatest sens:tIvef e,s and f
knowledge Of money could possibly detect !
in some cases-as of SO aud so gold (
rieces-the coin is sawed open and The /.
gold extracted from the centre Of the ,
piece. he base metal is then in ngeHlously :
inserted III the place Of the aO>tracted /
g Ii, and and the coin is probably reunit /
ed with the same lin, weight and surface
as the genuine coin. hese pieces Of
money are calculated to deceive the best
connolsseurs, and yet they are discovered
IN this oltIce as soon as they are presented
In most cases the banks are the losers, rs
the base coin had originally been palmed
Oft on them. Since Mr. Cisco has been in I
charge of this office there has not been a !
single mistake IN any department, not /
wIthstanding the immense amount Of bu /.
siness that Is necessarily transacted there |
every day.
y aOOu ueal Oh the money subscribed 10 (
this loan comes from private sources, with
out passing through the banks at all. 1t
is the surplus of long accumulated capital |
hitherto lying idle without any use what !
ever. AS in the case of the loans TO the /
French Emperor in l5S, the call Of the !
Federal government on the people to come .
to the aid of the nation has resulted in .
the Liberation of a large amount of money .
which otherwise would continue to be idle
in the hands Of The owners, without beucft .
to themselves or anybody else.