The Burlington weekly hawk-eye., 1863-03-21

\ Of peril aud calamity, any extremity of Nation
al collapse and of public disaster becomes pos
|sible to affrighted souls.
Still the general confidence in our Nationa
future is buoyant and firm Yonng nations
have wonderful elasticity aud power of en-
durance. There may yet be erea. reverse,
and trials before us, but the faith of our peo
pie in their institutions and their destiny is un
shaken. Besides, if the Republic is to 20 down
who can guess what will survive it! II the
promise OF the whole Twenty Millions oi
| loyal Americans TO pay sum borrowed in their
behalf only to save the Union from overthrow
Is an unsafe reliance, whose promise can be
trusted! If a mortgage on the whole country
sno security, what is the worth of mort
gage on any single farm, or store, or dwelling
II general confagration is at hand, what
can our petty insurance Offices do for US?
| ouf government Securities are depressed,
parity because they are multiplied too fast for
our powers OF absorption, but partly also be-
cause we lack the habit, IS people, of invest
ment therein. In Great Britain, the National
Debt is the National Savings Bank. If any one
| happens TO have few or many thousands tor
which ne has no present use, and which be does
not enoose to risk in business, he invests it in
the funds-that is, be buys With it so much as
VIII command OF the National Debt, knowing
ooat ne can sell out at any moment, that the
fluctuations IN its price are very limited and
tnas ne Will draw meantime moderate but GER
tam rate OF interest. Hence, the British Public
Debt, though the largest ever known to the his
tory OF mankind, is carried With ease at the
lowest average rate of interest Of auy in the
world Great Britain owes about Fonr Thou
sand Millions of Dollars, mainly drawing Three
per cent Interest, and selling in the market at
nve te ten per cert discount on its face-that
is, "Consols, or evidences Of the Consolidated
Public Debt, bearing three per cent. interest
usually sell at % or So, seldom rising to e5 or
falling to 30. And thus the interest paid by
Great Britain 10 less than 81 per cent. on the
cash value of her debt TO-DAY.
were 1t the custom here to invest in the Ma.
tionai Debt all sums paid into court to abide the
result OF legal proceedings; all sumo held for
investment at future day; all moneys belonging
TO wards in chancery, minors under guardian
ship, etc, etc, the nations credit and financial
ability would thereby be materially strength
ened. There are probably this day two or three
hundred millions of dollars which might better
be thus invested than left where it Is. Capi.
taists not in business often leave large balances
IN thelt respective banks, which might better
oe IN good part invested in Government secu.
rities. Ihe new act of providing for system
OF banking on those securities, though az vet
but step, is step in the right direction. In
due time, We shall see banks organized under
this act, and issuing notes which eyery citizen
VIII tn'w to be good, and which will circulate
freely and safely in Texas or Minnesota. thouoh
Issued IN New York or New Orleans.
lhe country now immensely needs concert
ed resolve OF all loyal men and women to
strengthen and invigorate the National Credit
whoever can command thousand dollars or
more, q trust the Secretary of the Treasury
will soon extend the privilege to those who have
barely hundled,) should invest it in some form
OF Government Securities To-day, one thou
sand dollars in gold will buy fifteen hundred dol.
lars OF the legal tender or 'greenback' issues
OF the Treasury, which may be converted at
VIII INTO like amount Of six per cent Govern
ment Securities, the interest PAYABLE in gold =
Thus your 81 900 in gold will bring you nine
per cent. interest in gold, payable semi. annually
and you will be paid 800 st the maturity Of
OF your bond 1t you have paper, not gold. the
Government will give you six per cent ANNUALLY
III goid Tor the use OF it, and pay the loan ip
gold at maturity. Who could ask better terms
.nan these: would not appeal merely 10 self
interest: would have every loyal person in |
vest whatever be Can in Government Securities. |
from profound conviction of patriotic duty:
but insist that the terms proffered to lenders
are such as must be deemed liberal and inviting
we need soldiers in our Union armies-aII |
mat we now have and more. Brave and true
men, their heroism and self-devotion will be
'eHoFec while Freedom has a votary or our
country place among nations. The noble
'ei!"oeh!ihS women who are toiling in hospitals
'r scrapng lint and making bandages by their
'Wn hresldes, or in whatever way contributing
% the comfort and efficiency of our soldiers in
ne tented field or on the couch of .ufferinp are
liso dong the work OF heroines, and earning the
.rattuoe OF future generations. But there is
isio OF duty also for the aged, the feeble, the
nvaiid, provided they have property or influence.
u the support or inyigoration of the Public
jredit through the stirring months lust before
49, He who invests even 81 900 in Government
securities, or persuades another TO do SO. az
ruly and effectively serves his country ana
contributes to her success in the struggle forced
pon ner oy slavehoding treason, as though be
houldered MS musket and stood sentinel on the
'ahks OF the Rappahannock, or headed reei-
nens at the Lacquer of Vicksburg. Let every
a'riot accept aud fulfill the obligation of aiding
y whatever means to uphold the National
feeit through the eventfui year now upon US
ct him improve every opportunity to secure in
aVestments Government Securities, remember
ng that an increase in the number of public
reditors Is desirable, and that if fourth OF the
eads OF families in every loyal State were .
mong those creditors, the jisloyal threats of
ltrre disruption and division would be idle and
ne reputation of the National Debt a moral F,
npossibilitv. He who is 100 old or too iufirm to
nlist, should be the more eager to do for his
ountry whatever is still within his power; and
30 other way can many be so effective as in
ersuading their friends and neighbors to follow !
leir own example in selling lands, mortgages,
otes. or whatever property they may have, and Q
vesting the proceeds in those Securities where. I
the 'snews of war must be provided, and v
e Republic carried successfully through Its Il
r'ibie ordeal 70 future of Peace and Pros J
rity, based on Cnivesal Justice and Freedom. o
Conditional UnIonism..What II III A
There is q very large party in the North who p
e not fighting for the Union aad the Constitu, 81
m, but for the destrution of Slavery. Their t'
atform is the Union, if they can have it with OF
t Slavery, but no Union with Slavery. They ly
E conditional Unionists of the worst sort. d.
Frankfort Commonwealth. al
The Comm wealth is atIv m;otoLon r., A.. nj