The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-07-28

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ReheJJioD-
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SECRETARY sEs4 fsDEN's APPEAL.
The New Yo ,osrna of Commerce
while anlpcp,l, slnr shat th,, late anneal of
the Seeretp- 4 the Treasr.cy TO the people to
com fo-,nrd and subscribe 10 the new losn 4.
Na.s iarepious aus adroit In one resnact vet
shiaks that the iorce of the paper IA weaI,ened
BY those parts of Il which are addressed IN tho
patriot ism of the communitv Opr contemno-
rAry says, substantially that when men are
ssked 10 lend their money. thew want 70 know
che character of tba seenritv tbev are to have
for the loan. and for the navment oF the in
terest until the dav of redemntion and that
sentimental Considerations of anv kind have
very little. " anv. influence in determining tho
question whether they will make the proposed
investment or mot
There is. no doubt, much good sense in the
theory of the Journal of Commerce. and
generally speaking, it may be. accepted as
automatic. We all know how the getting or
pilinc up of money hardeneth the heart: how
the lust of great riches and the ambition of
that sort of agprandizement render human
nature calous to almost all of the natural
sympathies and affections. We know. more
over, that the greed for gold grows with what
it feeds on, like jealousy: and that in propor-
ton AZ we add TO o,ir stores we become less
and less qenerous. less and less WILLING Tn mt
them at risk. or to mart with them for anv mr.
pose, or from any motives but those of simple
cupidity.
But wolfe all this is true in the main, the
rule is not without exception. Love of coun-
try Is a powerful feeling whenever it is spe-
ciaIly and strongly excited, and may be very
properly appealed to under circumstances
ftted TO call it into extraordinary exercise.
Powerful as It is however. at times. il NAV
not be potential enough by itself to induce
miser TO entrust his Government with his
money. Secretary FEssENDEN has evidently
been well aware of this fact. and he has asked
nobody TO lend the National Treasury a single
dollar from pure sense of patriotic duty.
But, while Justly giving the people credit
Cor reasonable measure of regard for their
country and its Cover nment, he has enforced
and fortified his appeal to that sentiment by
arguments and facts which should make it
successfuI. He has shown that patriotism in
this instance is entirely concurrent with the
interest of every individual citizen. and that
the duty of every man of property to aid the
Government a. this crisis by lending it por-
tlon OF his means. is made almost imperative
by the consideration that if the Government
Is not sustained end preserved, there can be
no certain security for wealth of any kind
whether private or corporate. Thus patriot
ism and selfish prudence are shown to be CO.
operative in persuading or constraining every
citizen who has any property to be saved, to
invest a part OF IL in supporting the Govern
ment in its present extremity.
But Mr. FEssENDEN has gone still further
He has added TO the motives of patriotism and
interest that sense of securitv. as reoards tbr
,s,. ~
ulbtnSte payment Oh MS loan Which every
Shylock" requires as the indispensable con
A.ion of Nadine With ans, rortio, Of III
" P'-SS Wv" any Poi'''" VI H'
hoardlngs' lie mas expressed MS own per
sonal confidence in the perfect ability of th,
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baIOn :" ieueoin "' n'a'uii'y efeIy uoil"i
debt it contracts for the prosecution Of th
war. ard as Mr. FEssEyDEE il uniyersall,
Known 10 be statesman OF rare lhIehigencl
and virtue his word alone ought TO be tlkei
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as equlNuehL 10 Dohu iOI tho Sol'oIcy U
the Federal Treasury, and the final lqui
A.,,o ~ or,or,, oa,t Of tha no.ion,
oINOh Vi e'0iJ NoHV VI '"0 AN
obligations, both principal and interest
I,pt b,s vyord ia corroborated nv facts. wbjel
- ----.,--.. a.. -. -.
re CITES as iuliy "'urihtlhS tue ehtlre "n'
fim faith he reposes In the soll1ity of tn,
,,o,io,al o,odit And In tbis n,ss,ga Of nj
N'''0n"i 'i'''' '-1
appeal he comes squarely up to that practica
ard matter-of-hct reuuisition of the hard, ex
,~o.,no ood ,,n.ont,nental man of business