New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-07-27
nav. EEssENDEN's APPEAL.

the ahilt} ana htutns ol olH Nv" SVVl't'lJ w
the Treasury it would have found them in his
appeal to the country printed in our last Mr..
Fesscndcn believes (as We do that our great
war draws to close. But he frankly tells
the loyal people that it is their war, and that II
will close in triumph and security or in defeat
/ aud disgrace As their acts shall determine.
/ If they shall practically say, 1--WE will not lend
our money 10 The Government, because We can
make more by using it in CoId-gambling, or in
monopoliing the ncccssa'os OF lilc," then our
armies INST 90 not only enpeid but an
/ led. and the struggle must hasten to q pre-
mature close in disaster and disgrace.
But if they shall-aS We doubt not they will
resolve 10 lend the Government forthwith AL
they can seyerally spare, the Currency Will
undergo gradual and wholesome contraction,
the prices Of food and other staples will steadily
fall, burning the fingers of their gambling
imouopolsis, while our armies, provided with
! everything necdiul and fully paid, will advance
upon the last strongholds of the Rebellion to
find them defended by men half fed aud long
unpaid, who know that their families are starry
ing for want of their just earnings and that
their limbs and lives are wasted in the service
of a cruel, heartless oligarchy who profier them
10 recompense but the establishment Of jespot-
ISM and the ruin Of their country.
Mr.. Ies,endcn's financial expose, though brief,
liz satisfactory. He states that the Internal
Revenue, which was at first less than Five Nil
lions per month, rose steadily TO Fifteen
Millions last month, and that since, under
the new and largely increased rates,
IL has amounted TO One Million dollars
Der day. There can be no rational doubt
thaS for the fiscal year that opened on the LIST
inst, il will exceed Three Hundred and may
reach -Four Hundred Millions of Dollsrs-thc
largest sum ever collected from like sources in
any country on earth, though little or nothing
is yielded by one-third of ours. So ample is the
basis for confidence in the National ability and
solveney.
Mr.. Fessenlen ofiors an interest Of seven and
three-tenths per cent, payable semi-annually,
for thrce-years' loan, payable in cash, or con-
yerlible when due at the holdors' option into q
gold paying six per cent bond, having not less
than five years to run. This option will proba
bly make each bond worth i've per cent more
than its face at maturity. The interest on each
bond is precisely one cent per day On every $50
invested, 80 that every one can compute il a. it
Iaccruos. and know that he is just 81 richer
every twenty-four hours for every $4,000 of
this loan he holds. IL can thus be sold or trans
ferred at any time, and the accrued interest
computed in moment, while its exemption
from both general and local taxation must rem
der it a fayorite security. We confidently ex-
pcct that, before q year passes, We shall have
Peace and restored Union, and that every one
Of these bonds will then be worth its face in
Gold though gold would now buy more than
double its amount in them.
) But though the terms offered are most favor
able TO takers, VIC do not expect this loan to be
! taken wholly or mainly from selfish considers
tons. We know that those who cheer jeff
Davis and Lee, and are glsddened by tidinss Of
; Federal disaster, will not take it. No Knight
Of the Golden Circle no conspirstor for a
North Western Confederacy, viii take dollar
of it. No one who votes for Seymour in Con
necticut or vsllandigham in Ohio will touch it.
Very few who think George b. Mcclellan our
! greatest General and wish him made either
Generalissimo OF President, will subscribe 10 it.
We may as well look facts squarely in the face,
aud realize that the Two Hundred Millions now
needed must be taken by those who, despite its