The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1861-09-14
National Loan.
IoMe Citizens Of tie United States:

tutlons. For means TO defray the neces
, sary expenses of this war, your Congress
: has directed that an appeal be made to
you by opening a subscription to a Nation.
al Loan OF one hundred and yfty millions
} of dollars.
Already the enlightened and patriotic
capitalists Of the great cities OF New York.
Boston and Philadelphia have manifested
their clear sense both of duty and interest
by the subscription Of fifty millions of dol
lars.
The act of Congress under which this
subscription was received wisely proves,
however, that the advantages as well as
the patriotic satisfaction Of participation in
this loan shall be offered, not to the capi-
talists OF the great cities only, but to the
people of the whole country.
In order to secure q substantial reward
Tor Their public spirit to those whose pat
rlotism prompts the:h, in this hour of trial
TO place tEeir means at the Disposal of the
Government, Congress has directed that
an interest Of seven and threetenths per
centum be pad on the several amounts
subscribed; an interest not liable to State
taxation, but constituting for the subscri-
bers revenue, not only certain in receipt,
! but greater III amount than can be ex-
/ pected from any ordinary Investment
And, IN order TO afford to all citizens
equal opportunities Of participation IN
these advantages, Congress has further d.
rectcd that subscriptions be received for
sums as small ~ hity dollars, "a we'll -
Tor larger amounts; and that, should the
subscriptions exceed the whole sum de
sized, tne smaller be preferred il the dis
trIbution
Zach sal -cr.Jcr on payment Of his sub
scr!vt."n, MI. be entitled TO receive l.ea-
suiy notes Of equal amount IN such de
nominations as 4e may prefer, whether #
LIiyr one hundred, tle hundred one
thousand, or five thousand dollars
lie n4je,c-t, az : } ~ per lunuin VIII
be, on the LoIes Of fifty dollars, one cent
Oh OHe hundred uo.lt.s, Two cents on hIe
hundred dollars, ten cents; on one thou
sauA do-Ar-, twenty cents and On i've
thou-an dollar. one dollar each day.
Al Treasury Lo,rs issued wiz bar date
Oh the 10Th Il August, >Jl, and viii c..g-
~ interest rom tnat d.te. EaeI note
VII nave coupon, attached eAp essing il.e
se'rl-. amount. OF senrauLual interest,
which coupons iaay be- detached from the
note and presented Tor pa! nlent sep4lately-
LaCh slasy.!orr may Ply tie uh,.-
account subscribed AT tuv ,.si.r ol -u.-cr.y
ton or. Il Ee prefers 10 uo So, MAY .,4y
one ;,-il a. tD-- t.lue and ole II4.la -ye.y
-, Etetn uay thereafter. ~ e.cA pay
mrnt tie accrued interest Oh the amount
Hum tie J.tI oi august - the date. oi
payment nu-t az Toe paid; a"d the
tlnauHts o. interest thus pad wa. be le-
l.IJaI-td IA TIE Payment OF tie L.s.
coupon
Ia or-.e. T. s=-l.e, beyond peralyentur,.
tlg .L-.t-.-I tsmeAl Vi Ii!te.ys, aDd the
.uual leDuc.., II Of tie pruc.pul. Con
s.,s, na, Piov.d-d by lass FOX an annual
revenue Sufficient not only Tor these. puy-
poses, bat ion lac prompt payment OF ali
demands Oh account O. ordinary e&veI.dI-
tu.es-
1t w.ll lie seen at a glance that not only .
this Is the whole properly of the country
pledged for the interest and final REIN
Uu.semeut ot this loan, but that az. ade
quate specific proportion Of the aunua!
production i set apsrt, 10y taxation, for
the redemption of this pledge Prompt
payment, beyond contingency, Is thus IN.
suIed
Nor can this taxation be thought great. .
when compared with the magnitude OF
the other objects Of The contest. or with
the amount oi property and production
The objects are Union, popular Govern.
ment, permanent peace, security at nome,
respect abroad, al Ilnperil.od by Unpro-
Yoked rebellion. The intelligence OF the
people cOmpIeAeuds at once their magui-
tude They rise above party They be
long to no Administration. ihey CONCERN
the whole country, during all tiHe, under
every Admin tratIon, and III every reia-
ton, foreign OF domestic.
And the means for the attainment of .
these great objects can be readily supplied
from the property and production ot the
country. The real aud persoual values in
the United States reach the vast aggre-
gate OF sixteen thousand millions OF uol-
lars and IN the States now loyal to the
Union this aggregate is eleven thousand
millions.
! he yearly surplus earnings OF the loyal
people are estimated, by intelligent Der
sous conversaut with such inyes tlgatidns.
at more than four hundred millions OF
dollars; while the well considered iltdy-
meht OF military men oi the highest rank
and repute warrant a confident eXpecta-
ton that the war, prosecuted with cour-
aye, energy, ana sIllil, may Ie brought To
a termination before the close OF the next
spring, IN which event, the cost beyond
the revenue, will hardly exceed the
amount OF the two hundred and fifty mil
lions loan authorized by Congress With
due economy in al branches OF the pubic
service, the total expenditures for al OBJ
jects, nIhtary, naval, and civil, ia this wear
of war; need not exceed the OF dluaiy ex-
pendtu:es oi Great Britain or France in u
year OF peace.
1t is unreasonable to hope that the aus
picIOus result Of peace may be hastened
10y the reflections OF the cltize rs of the
states III Instruction! That they viii
review their action, weigh their own wei
OF the whole country 10 recognize all their
{ constitutional rights and TO allow them
their fulI share III the benefits OF the COM
inon Government, and renew that allie
glance to the l mon " nlch IN an evil hour
tney have been tempted to throw OH n
W III they not lelievi that The war into
which the Goveinineut o. the L mon has
been constrained Il not u Wir Tor their
sunjusutun, but = war Tor national eXiss-
eIlcc, aud that an aGsp!cIous result To liIS,
| tniun VIII benefit as largely the States IN
lEsuIIectIun Us the States which have re-
manned loyal?
However this may be, the duty of the
Government, as the cuustiutloil-
atty constituted agent OF the people, ad-
nllis OF no question he war, made ne
ceesary by insurrection, and reluctantly
accepted by the Government, must bt
prosecuted with al! possible vigor until
Tie restoration OF the Just auihcrty Of the
I uion shall insure permanent ce.
The same good Providence, llch con ,
Quoted our fathers through the ,llicuiIIes ,
and danyeIs which bosei the 10 ,a,lon of ,
the Union, has gracIou>iy st 'tiicned
our hands ior the work OF us pr, alton ,
The crops OF the year are ample. Gram
aries and barns are everywhere full The ,
capitalists OF the country come cheeriuily
forward To sustain the credit of the Gov ,
erunent. Already. also even in advance
Of this appeal men OF all occupations seek
TO share the honors and advantages of the