The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1864-04-23

DEFENDERS.-This day, Six Hundred
Thousand Union Soldiers are closing in
upon the remaining strongholds Of Slave
holding Treason, while Two Hundred
Thousand more are volunteering and mus
tering in the Loyal States to reinforce and
strengthen them from week to week dur
ing the campaign about to open. West
ward OF the Mississippi, the converging
columns of Steele, Sherman, and Banks,
are clearing Arkansas and Louisiana of the
last remnants of their Rebel armies, pre-
Paratory to q grand united advance for the
deliverance Of Texas from the bloody
grasp Of Treason. On this side of the Mis-
sissippi, q good Half Million OF Unionists,
all under the direction of Lieut.. General
Grant, are preparing to meet and beat the
Rebels in Virginia, North Carolina, GeOr-
gia, or wherever else they can be most eff
fectively assailed, avoiding the mistakes
Of dispersion and incoherency of opera
tons which have hitherto proved SO disas-
trous. We shall have victory and peace
in Gods good time: meanwhile, we who
remain at home are doing what we can to
cheer and sustain our heroic brethren in
the field by unprecedented contributions
to the Sanitary Commission and to other
organized efforts for their physical and
spiritual we'll being. This is we'll; but there
is another duty incumbent on every one of
US whom God has blessed with property,
which should be discharged promptly,
zealOusly, and in a spirit of ungrudging
devotion emulating that of our brothers
and sons now Drawing exposure, privation,
hardship and death on the tented field.
This duty is.that of replenisbing the Trea-
sury OF the Republic to the full measure OF
its needs, which is that OF our obligation
We shall soon he called on for heavier tax
es; let US pay them readily, cheertully, and
to the uttermost farthing. But meantime
the Union asks us to subscribe to its new
Loan; let us do it, one and all, until
the emissaries of treason in our midst
shall report to their confederates
below tho picket lines tidings that
will cause their kness to quake like Bel
shazzar's at the handwriting ON the wall.
Your Government, Countrymen! Patri-
OTIS! asks you to subscribe and promptly
fill up q national loan of Two Hundred Mil
lions Of Dollars, now pressingiy needed to
pay your armies and meet other urgent liza
bilities. OF this Loan, Ten or Twelve Mil
lions have already been taken, though the
bonds are hardly yet ready for delivery.
But you can get them speedily if you but
subscribe and pay down your money. Re-
solve to do it now, and gather every dollar
not absolutely needed to fulfill some i'm
perative obligation, and lend it to your
country to sustain her in her resistance to
the death furry Of Treason.
Do you ask what pecuniary inducements
sustain the appeal to your patriotism OBJ
serve and Judge if they be not ample:
The new Loan is called '.Ten-Forty''-
that is, it is payable after ten and within
forty years, at the pleasure of the Govern
ment. You pay your subscription in Green
backs and receive your principal and five
per cent interest in Coin. Let us see what
rate is prOffered you:
Suppose some one has one thousand dol
lars in coin hid away in some old stocking
or cracked teapot, or securely lodged in a
bank vault or private safe. He sells this
for Greenbacks, Of which he receives in ex-
change at to-day's rates Seventeen Humid
red Dollars; but we will suppose the pre-
MUM on Gold to fall of, SO that he can on
| ly obtain Sixteen Hundred. These he in
vests in the new Loan, receiving therefor
the promise Of the United states to pay him
Sixteen Hundred Dollars in Gold. He re-
ceives Eighty Dollars per annum IN Gold
as interest SO long as the Government re-
tains his money, and is paid at last Sixteen
Hundred Dollars in Gold for One Thousand
Dollars invested. Why is not this enough
Eight per cent q year on your specie lent to
your Government and Sixteen Hundred
Dollars principal returned to you for One
Thousand lent. How much more would
ShylOck have exacted under the circum-
stances?
But this isoot all. Your loan to the Gov
eminent is not subject 10 State or local tax
alton, and is subject to only half the in
come tax you must pay on any other in
vestment. And, if you choose to receive
registered bonds, you stand inscribed on the
great book of the Nation a public creditor,
and cannot be Invested Of your property by
calamity short Of the final conflagration.
But may not the debt be repudiated
Certainly it may be just rs your farm
may be taken from you by violence, your
bank stock distributed among the denizens
Of the Five Points, or your mortgages an
nulled and contscated. Everything you
have, or can have, of this worlds goods,
rests at last on the broad and solid basis of
Public Faith. If this should ever become
predomirantly nation Of knaves, swind-
iers, assassins. the national debt may be
repudiated; but, whenever it is, no prop
erty will have any real value, for all rests
on one basis, and is guaranteed by the fact
that Honesty and Justice are the true in
terest of all, and will be steadfastly MAIN
tanned, in every clear case, by an over
whelming majority. The national debt is
far less likely to be repudiated, now that
millions are interested in it-through Saw
ings Banks, Trust Companies, Banks and
otherwise-than it was when but one-tenth
its present amount.
Countrymen and women almost any
loyal bank, leading merchant, or dealer in
money, WILL REVIVE your ulOuey Auu
promptly convert it into such Government
bonds as you may indicate. You can take
as little as $50 If you can spare no more ;
or go many Sl0Os, $5OOs, 81 ,6oOs, $5,ooOs, or
SIC, zoos, as you can pay for. II you choose
coupon bonds, you can cut of the interest
certificates as they fall due Tor before) and
obtain the gold for them Tor greenbacks
with tho premium added) in almost any
village or store. Lending to the Govern
ment is not like taking q mortgage or bond
or personal note because those before due
can only be sold ut q sacrifice in most
cases whereas q Government bond can
alUays be sold for cash; or you can bor-
row on Il whatever smaller sum you may
want for thirty; sixty, or ninety days, 1t
any bank, or Of any one who has money
to lend, ct the very lowest rate of interest,
and without asking any favor. Every one
likes this kind Of security-that is, every
one likely to have money to lend. We
consider i've per cent. on Government
bond equal to seven on an ordinary mort.
gage. And you are to-day offered more
than eight per cent. by your Government
with sixteen dollars Of principal for every
ten dollars you lend. What g0ld-mine in
/ Utah or other air-castle of mOonshine dc
so, .,,vvoco onua1 tn that