Sioux City register. [volume] (Sioux City, Iowa) 1858-1871, 1864-08-27


so, 1854, the Secretary Of The Trea'ury is
authorized 10 issue an amount not exceed.
ing two hundred millions Of dollars ia
Treasury notes, bearing interest ut a rate
not exceeding seven aud threc.,euths per
centum. redeemable after three years from
date, and to exchange the same for lawful
money. The Secretary is further author.
lied to convert the same into bonds, bear.
ing interest at rate not exceeding 6 per
eentum, payable in coin. Ia pursuance Of
the authority thus conferred, | now offer
to the people Of the United States Trea.
sury notes ~ described iu my advertise
ment dated July 25, 1864.
The circumstance under which this
loan is asked for, and your aid invoved,
though differing widely from the existing
state Of affairs three years ago, are such
as to afford equal encouragement and
security. Time, while prom that the
struggle for national unity was to exceed
in duration and severity our worst an,ici-
pations, has tested the national strength,
and developed the national resources, TO
an extent alike unexpected and remark
able, exciting equal ss,onish ne ot a, home
and abroad. Three years of war have
burdened you with deb, which, but three
years since, would have seemed bevcnd
your ability to meet Ye. the sccumu.
lated weal l.h and productive energies of
the nation have proved to Le so vast ,ha,
II has been borne with comparative ease,
and 4 peaceful future would hardly feel
its weight. As q price paid for national
existence. and the preservation Of free in.
s:itutions. it does no, deserve . moments
consideration.
Thus far the war has been supported
and carried Oh, AZ it only could have been
By !. people resolved, n. whatever cost Of
blood shd treasure. y O,rsnssi. paimpair.
cd, to pos,eri,y, The systsH Of Tree. gox..
ero"en' tequsa'hea 10 thep by the grek
men Who eaped it. This deliberate ,ldi.
patriotic resolve =bs; developed . power
surprising even to themselves. Il 1ae
shown that in less than century 4 pk,Ion
has arisen, unsurpassed IN v:gor, ana ex.
haussless in resources, ables,5 conduct,
through series of years, war o. i.s most
gigantic. scale, And finding i,sea. when
near iu close. aInos. pnimpa;red in ,,I
the material element. Of pxt,.. Il has,
a. the present moment. s.sa arnie. in
the field, facing an enemy:sppaien.'y ap.
preaching period Of u,tF 'ex sa.siiion.
but still struggling with alsks The great
er aud more desperate Il j. secs and be.
cause j. sees, the near .pp..aah Of a final
aud fatal contamination. Such, in my
deliberate judgment, I. the plp..a. condi.
sion Of the great esteys. for cisil liberty
in which you are nd< engaged.
Up to the presept moment You have
readily and cbeerfuIIy afforded the means
necessary to suppor. your rovernmens in
ibis pro,racted struggle. Its ysur var.
You proclaimed it, and Jon have sustain
ed it assinss traitors everywhere, with q.
patriotic devotion unsurpassha IN the
worlds history. =.
The securities offered are .ach as sho'd
command your ready confidence. Much
effort has been made 10 shake public faith
i" dur national creaig both a. home aud
abroad. As ye. we hsye asked no toreisn
aid. Calm and self ,eliant, our own meant
have uu. fai proved adequate to our
Wants. Tbe,sare yst.aupls to nee. those
of the present and the future. 1. still re.
mains for patriotic. peoplatolurnish the
needful supply. The brave men who are
fighting orr battles by land and sea must
be Ted and clothad, munitions OF war Of
oil kinds must be furnished, Of the war
atus. end in defeat and disgtace. 1z.isis
me, .hs:sime for any lsver Of his country
ID inquire as 10 the state Of tie money
markeI' or ask whether he can so invest
h's surplus cap'aI as to yield him larger
return. No return, and no profit: can be
desirable, If followed by nation a issolu.
eonsot national disgrace. Present prof.
9'@ acquired, Is bu. lhe precursor of
future and speedy destruction. No invest.
men. can'be so surely profitable A. that
which tends to insure the nssional'exis.
tence. - -
/ am encouraged in the belief that by
'ha legislation of oongress 6ur finances.
may 500" be placed upo6 > sofnder and
more stable foo.ihs. The psese a. dersrg.'
cd coDdi'io" DC the currency .is.impu..ole
in great degree, 70 disturbances Arising
from 'he withdrawal Of neees~,y cssck..
often inevitable IN time Of var. when sx.