Charles City Republican intelligencer. [volume] (Charles City, Iowa) 1861-1864, 1864-05-19
The lO-4O Loan.


Attention is called to the advertise
ment of the U. S. l040 Loan to he
found in this paper. This loan is linn
tied to two hundred millions aud is
being rapidly subscribed for by the
people. 1t appears to be regarded by
money-lenders and capitalists every
where as the very safest and best in
vestment of money that can be made.
Thompson's Bank Note Reporter,
speaking Of gold spectators and
stock: jobbers in connection with the
policy of the Government, says: o.
1.-THE cxcitcments got up in Wall
street by gamblers in Stocks and
Gold, are photographed everywhere
cxaggeratcd-an the outside public
naturally feel that there is some great
wrong somewhere, when, in fact, there
is nothing wrong. There is only q
hullaballoo among the bulls and bears
Mr.. Chase will press right on with
the National Ten-Forty Loan, inst as
he has begun. There will be no
change in the rate of interest. He
will make no temporary loans of the
Banks. but will take money from the
people or the Banks at FIVE per cent.
interest, payable on ten days notice,
as heretofore and he will run the
usual line of one-year Certificates. He
will sell the surplus gold from customs,
after setting aside an amount sulfi-
cieDt for six months interest, and use
the proceeds. as the spirit and letter
of the law demands. partly in sink
ing fund, and partly for the current
expenses of the government.
He appeals afresh TO the people in
this the most trying military and finan-
cial period of the rebellion, to come
forward with heart and money. lie il
reducing the volume of currency grad
ually aud will continue to do So If
the stock and gold gamblers shall
again attempt the game they played
last week, he will bring the whole
power Of the Government, and it's
whole means, both here and abroad,
to checkmate them.
The Secretary of the Treasury re-
lies upon the People for the ways and
means upon the Army for victories,
and upon Congress for adequate taxa
ton.
The people will come to his help
with every dollar that can be appro-
priated. This is their true interest +;
it is their true safety. The armies
now will do their part--thcrc is no al
tentative but victory. Congress will
do its duty-it dare not falter.
To those capitalists who complain
that Mr.. Chase ought to pay a higher
rate Of interest, We say. pointedly,
that 5 per cent. obligation against
the American people is better than a
bond at any higher rate Of interest
For why? Your money righteously
invested, free from extortion, gener-
ously invested for your country's
cause. is. and will be through all time,
VALID"
Instructions to the National Banks
acting as loan agents were not issued
from the Treasury at Washington IN
oil March 26th. The Banks did mol
generally begin to receive subscrip
tions until one week later. aud in dis
tant parts of the country have YET
hardly begun to work. but the sub
scriptions reported by mail to the
Treasury up to the present time
amount to over $50. DOE, 900. and tho
sum actually subscribed but not yc,
reported at this date is much greater
The attempts of interested parties t.
compel the Secretary of the Treasur,
to raise the rate of interest on thi,
loan have signally failed. The expe
rience Of the last few weeks gives u,
every reason to believe that all til,
money the Treasury desires to borrow
can be obtained for five per cent. in
tcrest in gold.