The Cass County Republican. [volume] (Dowagiac, Mich.) 18??-1880, 1861-09-12
Important Treasury Circular..An Appeal
for the Popular Loan.

WASHINGTON, Sunday Sept a.
Secretary Chase has just issued the
following patriotic appeal to the citi-
zens of the United States, in behalf of
the National Loan: f..s ~. K.
Your National Government, COM
PEELED by guilty conspiracy, culminat-
ing in a causeless insurrection, is en-
gagged in war for the security of lib
erty, for the supremacy of the law, for
the defence of the Union, and for tho
maintenance Of popular Institutions.
For the means to defray the necessary
expenses of this war, your Congress
has directed that an appeal be made TO
you, by opening subscription to
National Loan of $50, 100000. AL
ready the enlightened and patriotic
capitalists of New York, Boston and
Philadelphia have manifested their
good sense, both of duty and interest,
by the subscription of $50, ,0oO, 900.
Congress, under which this subscrip.
tion was received, wisely, provides.
however, that the advantages, as we'll
as the patriotic satisfaction Of partici-
patton in this loan, shall be offered, not
to the capitalists of the great cities
only, but to the people of the whole
country. In order to secure a substan-
tial reward for their public spirit to
those whose patriotism prompts them
in this hour of trial to place their means
at the disposal of the Government.
Congress has directed that seven and
three-tenths per centum be paid OF the
several amounts subscribed, an interest
not liable to State taxation, but consti.
tuting for subscribers q revenue, not
only certain in receipt, but greater in
amount than can be expected from any
ordinary investment. m .sfrs
And, in order to afford all citizens
equal opportunities of participation in
these advantages, Congress has further
directed that subscriptions be received
for sums as small as $50, as we'll az for
large amounts, and that should the sub.
scriptions exceed the whole sum de-
sired, the smaller be preferred in its
distribution. Each subscriber, on pay
ment of his subscription, will be enti-
tied to receive Treasury Notes equal in
amount, in such denominations as he
may prefer, whether $50, 800, 81, 600
or $4,000. The interest at 3-lOths
per annum, will be, on the notes $50
one cent, on 800 two cents, on $500
ten cents, on 81, 900 twenty cents, and
on S5, 1000 one dollar each day. All the
Treasury Notes issued will bear date
on the 10th of August, 1861, and viii
carry interest from that date. Each
note will have coupons attached ex-.
pressing the several amounts of semi
annual interest, which coupons may be
detached from the notes and presented
for payment separately. Each sub
scriber may pay the whole amount sub
scribed at the time of subscription, or,
if he prefers to do so, may pay one
tenth at that time, and one-third every
twentieth day thereafter.
At each payment the accrued interest
on the amount from the 18th of August
to the date of payment must be paid,
and the amount of interest thus paid
will be reimbursed in the payment of
the first coupon. In order to secure
beyond peradventure the punctual pay.
meut of the interest and the gradual
: reduction of the principal, Congress
has provided by law for an annual rev.
enue amply sufficient, not only for these
purposes, but for the prompt payment
OF all demands on account OF extraor.
; dinary expenditures.
. 1t will be seen at glance that not
only is the whole property OF the eoun.