Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1864-08-06

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mpst asnsfain the government NO .foreig'
ard required Our o,en resources Adequate.
1illsf WAsHIHoTos, July 25 1864.
Secretary Fessenden, under authority oi
the act of Congress Of June last. empower.
ing him to,issue en- amount not exceeding
5000 900, 900 10 the Treasury notes, ETC.,
has TO day given notice that subscriptions
will be received by ,he Treasury Of the
United States the several Assistant Treas
urers and designed repositories, and by the
natioual banks designed and qualified as
repositories, and financial agents, for treas.
ary notes. payable three years from August
18th, 1864, bearing interest at the rate OF
seven and three tenths per cent, per aunum
with semiannual coupons attached, payable
in lawful money. % q. gsdolao
These notes will be convertible at the
option of the holders, at maturity into, six
per cent, gold bearing bonds, redeemable
after Eve, end payable twenty years from
August Is, 1857. The notes will be is
sued 10 denominations of City, one hundred
FIVE hundred, one Thousand, aud five thou
sand dollars, 10 bank or payable to order
as may be directed by the subscribers.
All subscriptions must be for fifty dol.
lars. .slas 3 WlB9i
Interest will be allowed to August 15gb
on all deposits made prior TO that date,
and paid by the Department upon receipt
of the original certificates g9l iir teom
AS the notes draw interest from August
18th, persons making deposits subtequent
to that date must pay the interest accured
from the date Of the notes TO the date OF
deposit. lGa a adl AS99slls sff
Parties deposi.ing $25, zoo and upwards
for the notes at any one time will be allow
ed q commission Of one quarter Of one per
cent, which will be paid by the Treasury
Depar tment upon the receipt of q bill for
the amount certified to by the officer with
whom the deposit was made. t..i
No deductions for commissions must be
made from the deposits.
Accompanying this advertisement in
circular form is Secretary Fessendeu's ap-
peal TO the people of the United States, in
which be says. The circumstances under
which this loan is asked for and your aid in
voked. though differing widely from the ex-
isting state of affairs three years ago, are
such as afford equal encouragement aud
security. Time. while proving that the
struggle for national unity was 10 exceed in
duration and severity our worst anticipa'
tons has tested the national strength and
developed the national resources TO an ex-
nent alike unexpected aud remarkable, ex
citing equal astoaishment at home and
abroad.
Three years of war have burdeued you
with debt which, but three years
since, would have seemed beyond your abil.
ity to meet, yet the accumulated wealth
and productive energies of the nation
have proved to be so vast that it has been
borne with comparative ease, and peace
full future would hardly feel its weight
As q price paid for national existence and
the preservation of free institutions, 1t does
not deserve o moments consideration
Thus far the war has been supported and
carried on, as it only could have been, by a
people resolved, at whatever cost OF blood
and treasure, to transmit unimpaired 10
posterity the system of free government be-
queathed to them by the great men who
framed it.
This deliberate and patriotic resolve has
developed power surprising even to them
selves. 1t has shown that in less than a
century a nation has arisen unsurpassed In
vigor, and cxhaustless in resources, able tc
conduct through series of years, war OF
its most gigantic scale, and finding itself
when near its close, almost unimpaired II
all the material elements of power.
1t has at the present moment great armie
in the 6eld facing an enemy apparently ap
prosching period Of utter exhaustion, bu
still struggling with force the greater ant
more desperate, as it sees, and because i
sees the near approach OF final and fata
consummation.
Such, in my deliberate judgment, is the
present condition of the great contest Tor
civil liberty in which you are now engaged.
| Up to the present moment you have readily
and cheerfully afforded me means necessary
to support your Government in this pro
tracted struggle. 1t it your war; you pro-
claimed it, and you have sustained il
against traitors everywhere with patriotic
devotion unsurpassed in the worlds history.
The securities offered are such as should
command your ready confidence. Much
effort has been made 70 shake the public
faith in our national credit. both at home
aud abroad AS yet we have asked nc
foreign aid. Calm and self-reliant, oul
own means have thus proved adequate tt
our wants. They are yet ample to mee'
those of the present and the fature. 1t sill
remains for patriotic people to furnish th'
needfnl supply. The brave men who ar
fighting our battles by land and sea mus
be fed and clothed; munitions Of war Of al
kinds must be furnished, or the war mus
end in defeat and disgrace. ~
This is not the time for any lover OF hi'
country to inquire as to the state of the
money market, or to ask whether he can sc
convert his surplus capital as TO yield bin
larger return. No return and no proh.
can be desirable If followed by national dis
solution or national Disgrace Present pro
ft thus acquired is but the precursor o.
future and speedy destruction. No invest
ment can be SO surely profitable as thai
which tesds TO insare the national existence
am encouraged by the belief that oy
the recent legislation OF Congress our o.
ances may soon be placed upon sounder
and more stable footing, ,.e.} ~ a
The present derauged condition Of ouI
currency is imputable 10 great degree te
/ diaturha meas arising from the Withdrawal o.