American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1864-08-03
The NewIenn.


Secretary Fessenden, under authority OF
an act of Congress of june last to issue
an amount not exceeding 5000, 900 ,000 U,
S. Treasury Notes, &C., has to-day given
notice that subscriptions will be received
by the Treasurers of the United States,
the several Assistant Treasurers and des-
ignated repositories, and by the National
Banks designated and qualified as depo-
sitories and financial agents for Treasury
Notes payable three years from August
Is, 1864, bearing interest at the rate of
1910 per cent per annum, with semi-an-
nual coupons attached, payable in lawful
money These notes will be convertible
at the option of the holder, at maturity
into 6 per cent gold-bearing bonds, re-
deemable after five, and payable twenty
years from August Is, 1867
The notes will be issued in denomina-
tons of fifty, one hundred, five hundred,
one thousand and five thousand dollars,
and in blank, or payable to order, as may
be directed by the subscribers. All sub
scriptions must be for fifty dollars or some
multiple of fifty dollars Interest will be
allowed to August 15 on all deposits made
prior to that date, and paid by the De-
partment upon receipt Of these original
certificates. As the notes draw interest
from August Is, persons making deposits
subsequent to that date must pay the in
terest accrued from the date of the note to
the date of the deposit. Persons depo-
sitting twenty-five thousand dollars and up
ward for these notes at any one time will
be allowed commission of one-quarter of
one per cent, which will be paid by the
Treasury Department upon the receipt of
bill for the amount certified to by the
officer with whom the deposit was made.
No deductions for commissions must be
made from the deposits.
Accompanying this advertisement in
circular form is Secretary Fessenden's APP
peal to the people of the United States in
which he says:
"The circumstances under which this
loan is asked for and your aid invoked,
though differing widely from the existing
stateof affairs three years ago, are such as
afford equal encouragement and security.
Time, while proving that the struggle for
national unity was to exceed in duration
and severity our worst anticipations, has
tested the national strength and national
resources to an extent alike unexpected
and remarkable, exciting equal astonish-
ment at home aud abroad. Three years
of war have burdened you with debt
which but three years since would have
seemed beyond your ability to meet. Yet
the accumulated wealth and productive
energies Of the nation have proved to be
so vast that it has been borne with COM
parative ease, and a peaceful future would
hardly feel its weight, as price paid for
national existence and the preservation of
free institutions. 1t does not deserve a
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
to posterity the system of Free Govern
ment bequeathed to them by the great
men who framed it. This deliberate and
patriotic resolve has developed power
surprising even to themselves. 1t has
shown that in less that century, Nation
has arisen, unsurpassed in vigor and ex-
haustlcss in resources, able to conduct,
through a series of years, war on its most
gigantic scale, and finding itself, when
near its close, almost unimpaired in all
the material elements of power 1t has,
at the present moment, great armies in the
field facing an enemy apparently approach
ing period of utter exhaustation, but
still struggling with force the greater
and more desperate as it goes, and because
it sees, the near approach of final and
fatal consummation." Such, in my delib-
crate judgment, is the present condition
of the great contest for civil liberty in
which you are now engaged. Up to the
present moment you have readily and
cheerfully afforded the means necessary to
support your Government in this protract-
ed struggle. 1t is your war. You pro-
claimed it, and you have sustained it
against traitors everywhere with patriotic
devotion unsurpassed in the worlds his
tory. The securities offered are such as
should command your ready confidence.
Much effort has been made to shake pub
lie faith in our national credit. both at
home and abroad. As yet we have ask
cd no foreign aid.
Calm and self-reliant, our own means
thus far have proved adequate to our
wants. They are yet ample to meet those
of the present and future. Itstill remains
for a patriotic people to furnish the need
full supply. The brave men, who are fight
ing our battles by land and sea, must be
fed and clothed. Munitions of war of all
kinds must be furnished, or the war must
end in defeat and disgrace This is not
the time for any lover of his country to
inquire as to the state of the money mar
ket, or ask whether he can so invest his
surplus capital as to yield him larger re-
turn. No return and no profit can be de-
sirable if followed by national dissolution
or national disgrace.
Present profit thus acquired is but the
precursor Of future and speedy destruc-
tion. No investment can be so surely
profitable as that which tends to insure
the national existence / am encouraged
in the belief that by therecent Legislation
OF Congress, our finances may soon be
placed upon sounder and more stable
footing. The present deranged condition
of the currency is imputable in great