The Goodhue volunteer., 1864-08-03

aaendsd by all .oftbe Nav York Journals.
i-IJ.
Secretary Fesscnden's Circular to tho
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J = People x = " 9
WAsH1rNeoN, July 25.
secretary Fessends si,, funder aathbrity Of
an act Of Congress OF June last 20 issue an
amount not exceeding two hundred mil
lions of dollars in Treasury notes, &c, has to
day given notice thAt subscriptions will be
received by the Treasurer the United
States, the several, ssAssistant Treasures,
and designated repositories. and by the
|depositor es, and by the -;ational Banks des-
ignated and qualified as repositories and
financial agents for Treasury notes, payable
three years from August Is. 1864. bearing
interest at the rate Of seven and three tenths
per cent. per aunum. with semi annual
coupons attached. payable in lawful money.
These notes will be convertible at the option
of the holder, at maturity, into six per cent:
gold bearing bonds, redeemable after five,
and payable twenty years from August l5-
1867, - The notes will be issued in demon,
nations Of fifty, one hundred, five hundred,
one thousand and five thousand dollars, and
in blank, or payable to order, as may be di.
rected by the subscribers. AL! subscript-
ions must be for fifty dollars or some mul.
t'ple Of fifty dollars. Interest will re al.
lowed to August Is on all deposits made
prior to that date and paid b. the depart
men upon receipt Of these original certifi
cafes. AS the notes draw interest from
August Is. persons making deposits subse-
quent to thai date must pay tho interest
accrued from the date Of the note to the
date Of the deposit. Parties depositing
twenty five thousand dollars ard upwards
for these notes, at any time, will be allowed
a commission of one quarter Of one per cent,
which will be paid by the Treasury Depart
ment upon the receipt OF "a bill for the
amount certified to by the officer with whom
the deposit was made. No deductions for
commissions must he made fiom the do
posit.
Accompanying this advertisement, in q
circu'a: form. is Secretary Fe- senden:s ap
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, differing
widely from the existing state Of affairs
three years ago. are such as afford equal en-
couragement and security. Time, while
proving that the struggle for national unity
was 10 exceed in duration and severity our
worst anticipation has tested the national
strength and national resources to an ex-
tent alike unexpected and remarkable ex
citing equal astoniShment at home and
abroad. Three years Of war have burdened
You with debt whic:, but three years since
would have seemed beyond YOUR ability TO
m, ct. Yrr the acc 'mulated wealth anil
product i've energies Of he nation have proved
to be so vast that it ha; been borne with
compaTitve case AMI peaceful future
would hardly e / its weight. as a price paid
for national existence and the preservation
Of free institutions. It does not deserve a
moments consideration. Thus far the war
has been supported and carried on, as it only
could have been. by people resolved, at
whatever cost OF bood and treasure, to
transmit unimparcd 10 posterty the system
OF free government tequea'hed to them BY
he great men who framed it.. This delib.
crate and patriotic r solve ha. developed =
power surprising even 10 themselves II
has shown that in less than a century a ma.
ninn has arisen unsurpassed IN vigor and
exhaustless in resources, able to conduct
thrs ugh series Of Years warson its most
gigantic scale, and finding i.self when near
''s close un'mpared IN al! its material ele
ments power. It has at. ihc present mo mo
mert great armies in tho fie,d.' facing an en-.
emy :pp,rently approaching perion of out
er exhaustion, but still struggling with
'orce the greater and more desperate as It
ees. and because it sees, tlre near arp, oacs
Of u finsl and fatal consumation. Such, in
my deliberate judgement. is the present
condition Of the great cont. st for civil l,ber
ty in which you are engaged. Up to the
present moment you have readily and cheer.
fully afforded the means necessary to SUP.
port your government in this protracted
struggle. Itis your war. You proclaimed
it, and you have sustained IL against traitors
everywhere with patriotic devo' ion, unsur-
passed in the worlds history, The securi.
ties, offerd are such as should command your
reacv confidence. Much effort has been
made to shake rub'ic faith in our national
credit. both at home and abroad. As vet
we kave asked no foreign aid. Calm and
self f-relans. our own names thus far have
proved adequs'e to our wants, They are
yet ample to meet those Of the present and
future. 1t still remains for patr ot;c peo.
pie to furnish the nesdful supply. The
brave men are fighting 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
. not the time for any lover OF his country
To inouiFe into the state nf fha rnoonv vnsr
ket. or ask wether he can 50 invest bis sur
plus capital as to yield him larger return
No return and no profit can be desirable il
followed by national disgrace. Present profit
thus acquired is but the precursor Of future
and speedy destruction. No investment
can be 50 severely profitable as that which
tends to secure the national existence. I
am encouraged in the belief that by the ~.
cent legislation OF Congress our finances may
soon Be placed uDsn sounder and more
Iss-Pse footing. The present deraneed con-
dition Of the currency is impu,abls in .
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