Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1864-08-05
where to nut your Money.

these classes, including both sexes, can
engage, and render as efficient service
as though engaged in the sterner reali-
ties of war. No war can be prosecuted
without money. If our government
cannot sustain its credit and secure the
pecuniary means necessary to re-estab-
lish its just authority there Is an end to
the struggle. Our country will be di-
vided, we shall be a conquered people,
and our enemies will triumph over u.s.
unless we can furnish the wherewith to
support our army and navy.
For three years we have carried on a
war of fearful magnitude without ask
ing financial aid from European capital.
lists. While we have heavy debt upon
our shoulders, we can stand erect and
face the combined powers of the Old
World and say, ut is not you we owe
for our debt is payable to ourselves"
Reader, have you $50, 500, or more
that you do not now wish to use? dc
you fear a depreciation in the currency
of the country? Do you desire to make
a safe investment of your spare means
If so, would you not rather put that
money where it will produce a fail
profit than in lands or tenements, whose
value is uncertain? In other words, tC
what better use can you put your money
than to subscribe for a part of the $780,
OO0. 900 U. S. Treasury Notes, which are
payable three years from the 18th Of the
present month, and bear interest at the
rate of $40 per cent. per annum, with
semi-annual coupons attached payable
in lawful money? These notes will be
convertible at the option of the holder,
at maturity, into 6per cent. gold-bearing
bonds, redeemable after five and paya-
BILE twenty years from August 18th,
1867, and will be issued in denomina-
tions of from fifty to five thousand dol
lars. What safer investment can you
make with your money? 1t costs you
nothing in the way of taxes or insur-
ance. 1t produces an income without
outlay. 1t can never be valueless. II
the Constitution be preserved and the
integrity of the Union be maintained,
we have united and prosperous people,
responsible for the payment of these
loans. If ian event we do not believe
will ever occur we fail in this struggle,
there are still left IS of the most pros
porous States and Territories, inhabited
by an industrious, productive people,
rich in everything, 25,OOO,OOO strong,
pledged to the liquidation of our Nation,
al debt.
Men and women of Iowa, you have
done much in contributing friends and
material for the maintenance of the
Union. Still there are thousands of you
who have done comparatively nothing.
You desire the success of our present
struggle. Will you give it aid? Let
not the government wait upon your pa
triotism. You must aid in furnishing
the money the government needs, or our
armies must be recalled and Southern
independence recognized. Call up your
piles of greenbacks you have secreted
and lend them to your country for lit
tie season.
We cannot conclude this article in
more fitting language than that used by
Secretary Fessenden, which we ask you
to read attentively:
The circumstances under which this loan Is
asked for and your aid invoked though differ.
ing wholly from the existing state Of affairs
three years ago, are such as afford equal encour'
that the struggle for national unity was to eX.
coed in duration and severity our worst antlcl-
patton, has tested the national strength and ma.
tional resources to an extent alike unexpected
and remarkable, exciting equal establishment at
home and abroad. Three years of war have bur-
dened you with debt which but three years
since would have seemed beyond your ability 10
meet. Yet the accumulated wealth and pro-
ductive energies of the nation have proved to be
SO vast that it has been borne with comparative
ease, and a peaceful future would hardly feel Its
weight, as a price paid for national existence
and the preservation of free institutions. 1t
does not deserve moment's.consideration
Thus far the war has been supported and car
ried on as it only could have been by a people
res olved, at whatever cost OF blood and treasure
to transmit unimpaired to postarity the system
great men who framed Ii. THIS deliberate and
patriotic resolve has developed a power su fpri-
less than a century, a Nation has arisen, ullsur-
passed in vigor and eXhaustIess in resources
able to conduct, through a series OF years, wal
ON its most gigantic scale, and finding itself
when near its close, almost unimpared in al
the material elements of power. 1t has, at the
present moment, great armies in the field, facing
an enemy apparently approaching period o.
utter exhaustion, but still struggling with 8
force the greater and more desperate as 1t sees
and because it sees, the near approach OF a NM.
and fatal cOnsummation. Sucn, in my deliber
ate judgment, is the present condition OF the
great contest for civil liberty in which you are
now engaged. Up to the present moment yor
have readily and clleer1ully afforded the means
necessary to support your Government in thi'
protracted struggle, 1t is your war. You pro
claimed it, and you have sustained 1T aSains
traitors everywhere with patriotic devotion un
surpassed in the worlds history. The securities
offered are such as should command your ready
confidence. Much effort has been made to shake
public faith in our national credit, both at homo
and abroad. AS yet We have asked no foreign
aid.
have proved adequate to our wants. They arr
yet ample to meet those OF the present and III
furnish rni the the needfui supply The brave men
who are lighting our battles by land and sea
must be fed and clothed. Munitions of war o
end in defeat and disgrace. This is not the time
for any lover OF his country to inquire as TO thu
state of the money market, or ask whether m
a larger return. No return and no profit can b
desirable if followed by national dissolution o
national disgrace.
Present profit thus acquired is but the precur
sor OF future and speedy destruction. No invest
ment can be SO surely profitable as that which
tends to insure the national existence. l an
encouraged in the belieI that by the recent legis
lation OF Congress- our finances may soon 10
placed upon a sounder and more Stable footing.
The present deranged condition Of the currenc,
is imputable in a great degree to disturbance
arising from the withdrawal OF necessary
cnecks often inevitable i'll time of war, whel
the expenditures must largely exceed any posi-
BILE supply OF coin.
The Opportunities thus presented to ACQUIRE
sudden wealth have led to vicious speculation,
consequent increase of prices, and violent tiuc
tuation. The remedy is to be found only in con
Hitherto, we have felt the need Ut more exten
sive ami vigorous taxation. Severe common
mas been made upon what seemed to many al
undue tinidlty and hardness OF action ON TIN