The weekly sun., 1864-08-06

NJ. FEssrrpAS has NJ laa annorncri 10 The
pIbl,c hs fiiure pol.cy relative 10 the nat o"M
fnanets. lie has dcc1cl uuI- ava.iins himscf OF
ne provisions Of the Art o.. congress of june lis',
aud accordingly invites SUBJ yious to ''an' not
% exceed tho aino.r.t of t',p LJudr,-i nuon dol
.ars. This lo.u 70 h. be rron thrce ycars' notes,
.nd the in,s-cs, p,val D. .ryefly, In currency.
st The RI. q seven r,I 'lr;g.onth, rcr cent.
The notes ar. ~, nrric lclal ionder, hut At
n,sturiiy may tc con,cr'"i, nj the option q tho
holder, into sx-Jcrccn' niere s-besriny bonds the
1nierest psyshlc in golJ and redeernable not lcss
thsn 've, nor more than twenty, years from date.
1Ne.e notes are " hc ISSUED In denominations -
Arnsll as hf,y dollars and as large hye thousand,
o. that any Que, even II his capital Is limited,
may inv'st IN them. Accompanying this
announcement II :be plan OF thc loan IL M appeal
from the new Secretary, directly u the people.
in e5 brief q manner as possible, he rev!cws the
leading events that hayo transp,rcd since the war
commenced, and feels sure that the spirit which
has heretofore prompted us To give freely our men
and money W put down rebellion, vail lr persc-
vered In until the last man md the last dollar
sscrificed for our country's honor. II iscvident
'nnt the Secretary expects to receive much help
from the masscs Of the pcop'o Ia tai ns this loan,
,nl be ev.nccs his good judgment in appealing
directly to them, as tfey have never set rosef 10
usI,ond liberslly TO all Just calls.
This new loan may be regarded m the inaugnra
sion Of a new Anaocial policy. The evil
auences Of ioodnV the country with non-in,cTct
bearing legal tender notes, has been sxpc-
..nc,d for three years. Mr. fresrSpls, In his
present u.ovc has shown that he fully under
81 atat
aiit'es and would rather sacrifice a high
premium his loan, to y reduction of the
I.icc OF commodities wisely deennng the latter the
MOTT Gesircd by the country at present. On Wall
: rect. tc new loan H. construed h. mean moro
rcid Interest bonds for three years u; least. lil
u gold may I've expected consequence, while
enc rise in government securities froln to three
Dor cent is evidence o. tho wisdom Of tho new Sec
retsry's sch,Ine. There Is every reason to believe
sa,t this loan will be popular the famous FIVE
weuty loan. The rate oil interest h large, even
kVer than that paid by savings Banks aud most
athcr Tsus, Companies. and ir payable twice year.
". Bceidcs, the righ, to convert the present issue
Aier three years into bonds bearing per cent IN
'eress paid In gold, is inducemcnt that should
'lot be overlooked In short II Ia one Of the most
desirable opportunities ever offered to me-
.bnnics, lILJrlng men, and those who
sWo snall of money, as
-ell the capitalist, to invest in these secure
~ and thus aid the Government. II Ia hoped
that all who feel any interest la tbe maintenance Of
tie Union and the preservation OF this glui ,1i'
country an inheritance Cor our posterity, will
some iorw rl and subscribe liberslly this loan.
Le, 1t be in every sense peoples loan. Lct each
sae besr q share, even II It .s small Que, Of the
national burdens Then VIII we be able to prosecute
This War to successful and honorable terminal on
and although Is done a, the expense Of blood aud
treasure, VIC shall out OF II strengthened. and
purifioI from the Influences which insensihly cur-
rupt . nation, grca. and as favored nc this has
ICON in the past, which greatness Is but q f,in,
'oreshsdowng of the future.