The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-07-27
MIR. FEssENDEN's APPEAL.

From the Tribune,
If the country had needed fresh assurances Of
the ability and fitness OF our new Secretary of
the Treasury, II would have found them ia his
appeal to the country printed in our last. Mr.
essenden believes (as we doJ that our great
var draws TO q close. But he frankly tells
the loyal people that it is their war, and that Il
will close in triumph and security or in defeat
and disgrace as their acts shall determine.
II they shall practically say, 1--WE will not lend
our money 70 the Government, because we can
make more by using it in gold.gambling or in
monopotzng the necessaries of hfe," then our
armies must go not only unpaid but unfed, and
Jthe struggle must hasten 10 a premature close in
disaster and disgrace. But if they shall-as we
doubt not they will-rCsOlye 10 lend the Govern
Tuent forthwith all they can severay spare, the
currency Will undergo gradual aud wholesome
contraction, the prices of food and other staples
will steady fall, burning the fingers of their gam
rbling monopOlists, while our armies, provided
with everything uCedfu, and fully paid, will ad-
vance upon the last strougholds of the Rebellion,
to find tht m defended by men half fed and long
unpaid, who know that their families are starving
for want Of their just earnings, and that their
limbs and lives are wasted In the service Of a
cruel, hCarless oligarChy, who prOiier them no
recompense but the establishment Of despotism
and the ruin OF their country.
Mr.. Fcsseudeu'- financial expose though brief,
is satisfactory. He states that the Internal Reye-
nue., which was 10 first less than five millions per
month, and that since under the new and largely
increased rates, IL has amounted to one million
dollars per day. There can bo no rational doubt
that, for the h'cal year that opened ON the lst
inst, il will exceed three hundred and may reach
four hundred millions of Gollars-the largest
sum ever collected from like sources in any cOun-
try on eArIh, though little or nothing is yielded
by one third Of ours. So ample is the oasis for
confidence in the national ability and solYoncy.
Mr.. FeNsenden offers an interest Of seven and
tbree-tenths per cent, payable semi-annualy,
for three-yearS loan, payable in cash or cOu-
vertibe when due at the holders option into a
gold pay ing six per cent. bond, having not less
than five years to run. This option will probably
make each bond worth five per cent. more than
its face ut maturity. The interest on each bond
, Is precisely one cent. per day on every fifty dol
lars invested, so that every one can compute It as
1t accrueS, aud know that he is just two dollars
richer every twenty four hours for every ten
thousand dollars of this loan he holds. 1t can
thus be sold or transferred At any time, and the
accrued interest computed in a moment, while its
exemption from both general and local taxation
must Genutr It u fayOrite security. We CONT
dently expect that, before year isses, we shall
have peace and restored Union, and that every
one OF these bonds will then he worth lis face in
gold, though gold would now buy more than
double It's amount in them.
But though the terms offered are most favor
able tp takers, we do not expect this loan to be
taken Who'll Or mainly from selfish COnsiderd-
tiOns. We know that those who cheer jeff.
Davis and Lee, and are gladdcned by tdngs of
of the Golden CHcle," no conspirltor for North
westei IN COntederaCy, will take dollar of it. No
= one who votes for seymour in Connecticut, or
Vaandigham in Ohio, will touch it. Very few
who tn nix George b. Mcclellan our greatest
Gene al, and wi n him made either Generalissimo
or President, will subscribe tOi it.
We may swell look facts squarely in the face,
and realize that the two hundred millions now
needed must be taken by those who, despite its
faults and shortcomings, support the Govern
ment OF our Union, by sustaining tn jse who, in
the Providence of God, have been called to adj
minister 1t. few of the contrary part will do a
little; hut the great bulk of the loan now re-
quired must be taken by those who believe the
Shareholders Rebellion meXcusably wicked and
causeless. and desire its suppression.
On these we call earnestly for immediate and
energetic responses to Mr.. Fessendens NOBLE
appeal. We ask every loyal man and woman to
! answer promptly this question How much can
lend The Government without injustice 70 my
,y-creoitors r my family fyou eau lend $lOO,
$500, $1,000, $4,000, do not deem your duty dis
cBarl ed profierlng half that sum. If you can
lend tut $50, put that sum at once in the nearest
d, positoIS Oi public money, or iutrust II to some
banker or neiphhor who is making up a sub
sCrptiOn, and direct hun to invest it in your
behalf.
subscTipuoDs at once among their neighoors, aud
evn get up public meetings to explain aud COM
memo the new loan as every one who pays in
$25 coo at tnce un account of 1t will receive n
commission OF S62'50. Rene mbcr that, though
your bends may he some time In coming, they
draw interest from the day on which your money
iJ deposited 10 the credit of the Government in
any sub-treasury or National Bank authorized
to receive pubic moneys.
Patriots your bleeding country calls loudly
. for your aid Most of her soldiers still uu-
paid The money due them on the LIST inst, heavy
acquisitions ImpcDd over her Treasury while
the currency, perniclously expanded because her
liabilities could OF otherwise be met, can only
be coDtrac ed by your lending her the means
Halt the money now lying on deposit in banks
or ktp' Idle in safes or pocket-bOOks, would re-
lieve her embarrassment and reduce the prices OF
food, coa', pouds, &c, to the neghbOrhoOd ol
reason. But 90 MT stop with half-lend yout
country eyCfy do lar you can spare, aud sell OF
c. liz CT fl ieelS in order that you may spare the
moIe. So shall the last peris of our grea
r struggle he vanquished, and the end of all youl
tolls and sacrifices be nobly achieved!