Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1863-06-12

Tee New FORK I77,l'c Tllh=bra imp
t4n. facts in reference the fuaueial a5.-r-
oS the nation. tasins i,- statements uI-u
letter sscivoi from the Secretary a, ta"
Trsasurv. We extract tic following
I. ''No proposition t.r q permanent lolr. 2 -
able Otherwise than, 70 American g7lt, or any
whore else than ST the Treasury O. the Juit.t
State, has ever tcen entertained or is lss'r --
be entertained" D." hy the present heal of tie i'.-
rartmtut, and emo authority has heS- 3 T,u 90
anv one 80 negotiate a lo41 sbr01i On any 1-,sr
terms thsn wouli have hccn accepted tar tie
s11e loan from American capitalists
l. aprezrs that the ilea a inviting ~ cqoza'-
10Th at home ,ut abroad, for loan payable at-
Ter zen years, has heen postponed, Z not definite
IS abandoned, IN consequence cf the great suc-
c,@s Z the Five Twcnt- Subscriptions; ''sul n'i
authority 20 receive proposals abroad for such =
I3sn vas Withirawn IS soon - Il was determined
NJ to ask for It At home" The Secretary does
ro. now Judge y desirable g receive q large fr-
.;gu loan, even for the Five I-sr'ies - par j.
New Tork, He does not admit the idea that
znder any Circumstances foreign capitalists or
bus-ncss men Should BE preferred 70 cur own
and this sentiment Is no lcss wise than patriotic
appreciated as 2; is by the people who are 81 't-
erslly rallyins 20 his support.
. There x net in The Department single
uusstsdci rsqUiz.tior foT disbursement n any
branch of the public service. The army has
been paid in f1u o. the isl u March, ami fle
pavuent to th-lst cf May, already largely si-
vauce,i, will son be completed. Unless serious
military rcverses should be experienced, therc Is
every reason % believe that on the 1T cf Jun.
lthe letter besrs date May 2i) every lqui.la'.i
demand on the Treasury VIII have been sItis1ei,
and that our financial condition VI! be more -tt
isfact1ry than ~ auv time since the 0uttrc-k q
the rebellion" This. Of course is iniepenient
or the large ielt contracted during the var.
8. The Department h8- no agents alrrai f.r
the negotiate 90 ..,a-- Certain gentlemen who
went t. Europe ou ether business incidentally,
were authorized 10 receive proposals f1r loans
but even that authority has since been With
drawn The errand OF Hon Robert J. Walker,
who was. .melitatiug the trip on matters ot pr
,ate bushes: hut who went NJ the Secretary
request, was not 40 al 20 borrow money, bur 90
correct. IN the financial circles abroaI with whl-h
he is fiu;I;sr. serious ni-apprehersiau- in re-
gard t. olr res0ur-es and strength - Il IS
source Of sltisfaction 10 ku0s that in this Object
the labors OF the distinguished sI-secrstsry have
been eminenty successfuL
Il l. nov apparent O. discerning men every
where, that no power can prevent the utter over
throw of the insurrectiou; and Jet, Il = scarce
.itv. he as gradual as it will b complete, since
It is 10 be achieved by the steady application Of
constant and resisiess force, rather than BY mp
ii and skufully directed assaults. The Secrc-
tary Of the treasury has well chosen this moment
20 declare to the people the success OF his meis-
urss, and 20 assure them Of stable policy IN The
future. lie viii ask DO loans ST present, except
u.s. the work of CONVERSION continues least 81
all. will he ofFer 20 the foreign capitalist, Terms
more ur5ftable thar he has already scccpisl
from The American. II the European lender
but lately sneerinS at our national s5lveucy, snn
IN haste to send home his American socur,;ies,
Eni more recently Offering 70 lend Us money ~
seven hundred per cent.-if he noF desires Gas
he doesN to invest in the richest iucome-payins
national securities in the world, he must come
into the American market sni compete fairiy
with the American people in his purchase. Tbs
assurance IS invaluable TO those now investing IN
tho Five Twenty Bonds Of the Government