Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1864-08-02
200,000,000 Loan.


200.O00,000 Loan.
Secretary Fessenden under the authority Of an
act OF Congress, passed in June last, 70 issue an
amount not exceeding 800 100000 in Treasury
notes, &c, gave notice July 2jih, that subscfip-
tons will be received by the Treasurer Of the
United states, the several Assistant rreasurefs
and designated repositories Ind financial agents,
and by Niiiona Banks designated and qualified
as repositories aud financial agents, for Treasury
notes, payable in three years H. M August 25th
1864 bearing interest at the rate Of ! $40 per
cent. per annum, with semi.annual coupons al
tached, payable in lawful money.
These notes will be convertible at the option
OF the holder, 1t maturity into D per cent gold
bearing hoods, redeemabe IN and payable 10
20 years from August ID, 1861 The notes will
be issued 10 denominations OF $50, 800, $500,
5 1000 and $4,000 and 10 blank or payable TO
order as may be directed by the subscriber. All
Subscriptions mus be for $50 or some multiple
Of $50, interest to be allowed to Aug. 18th on oil
deposits made prior TO that date and piid by the
Departm Mt upon receipt Of the original cerh.
Gates. A, these no es draw interest from August
10Th, persons making deposits subsequent TO that
date must pay the interest accrued from the date
Of the note TO the date OF the deposit. Parties
depostng S25 900 and upwards for these notes
at any one time will be allowed commission Of
| | 1 Of | per cent, which will be paid by the
Treasury Department upon the receipt Of the
bill tor the amount, certified to by the officer
with whom the deposit was made. No deduc.
tons for commission, must be made from the
deposits.
AN APPEAL TO THE PEOPLE or THE UNITED sTATIs.
Accompanying this advertisement, in a circular
form, is Secretary Fessenden's appeal to the peo-
pie Of the United States, in which be says
The circumstances under which this loan il
asked for, aud your aid invoked, though differing
widely from the existing state Of affairs three
years ago, ore slch as afford equal encouragement
and security. lime, while proving that the strug.
! gle for national unity was to exceed 10 duration
and severity our worst anIicipstons, has tested
the national strength and national resources to an
extent alike unexpected and remarkable, exciting
| equal aslonlshment at home and abroad. Three
years Of war have burdened you witha debt which
but three years ago would have seemed beyond
| your ability to meet. Yet the accumulated
wealth and productive energies Of the nation have
| proved to be so vast, that it mas cen borne with
comparative ease, and a peaceful future would
hardly feel its weight As price paid for ma
tional existence and the preservation OF free in
sttutions it does not deserve moments consd.
GRAFTON. Thus far, the war has been supported
and carried on as it only could have been by a
people resolv d, at whatever cost of blood and
treasure, to transmit unimpared to posterity, the
system Of free government bequeathed TO them
by the great men who framed ii. This deliberate
and patriotic resolve has developed power sur
prislng even to themselves. 1t is shown that in
less than century nation has arisen unsurpassed
in vigor aud exhaustess 10 resources, able to con
duct through a series Of years, war on its most
gigantic scale, and finding itself when near its
close almost unimpaired 10 all the material ele.
OF power, 1t has at the present moment
great armies in the field, facing an enemy sppar.
emily approaching state OF UT r exhaustion, but
still struggling with force the greater aud more
desperate as II sees, and because it sees the near
approach OF final and fatal consumma,ion Such
IN my deliberate Judgmen is the present condition
of the great contest for civil liberty 10 which you
are engaged. Up to the present moment you
have readily and cheerfuly afforded the means
necessary to support your Government in this
protracted struggle. 1t is your war, You pro.
claimed il and you have sustained il against traitors
everywhere with patriotic devotion unsurpassed in
the worlds history. The securities offered are
such as should command your ready confidence
Much for; has been made TO shake public faith
in cur national credit, both at home and abroad.
/ As yet, we have asked no foreign aid. Calm and
sell-reliant, our vn mean, haye thas for proved
adequate to our wants They are yet ample to
meet those VI the present and future. Il still
remains for patriotic people to furnish the
needful supply. The brave men who are fighting
our battles by hand and sea, must be fed and
clothed. Munitions Of war Of all kinds must be
furnished, or the war ms, end in defeat and dis.
grace. This is not the ime f.r any lover OF bis
country To inquire as 10 the state OF the money
market, or ask whether he can Invest his surplus
capital 81 as to yield him a larger return. No
return and no profit can be desirable, il followed
by national DISSOLUTION or national disgrace. Pres.
ent profit thus acquitted is but the precursor OF
future and speedy destruction. No investment
can be so surely profitable as that which tends 10
insure the national existence. am encouraged
in the belief that by the recent legislation of Con.
gress our finances may soon be placed upon a
sounder and more stable footing, The presen,
deranged condition Of the currency is imputable,
10 great degree, to disturbances arising from the
withdrawal OF necessary checks item inevitable 10
time Of war, when the Expenditures must largely
exceed any possible supply Of coin. The oppor-
,untes thus presented to acquire sudden wealth,
have led to vicious speculation, consequent in
crease Of prices and violent fluctuations.
The remedy is to be found only n controlling
the necessity which begels the evil. Hitherto we
have felt the need Of more extensive and vigorous
taxation. Severe comment has been made on
what aeemed to many 40 undue ,imidity ard
Hardness Of action Oh the part Of Congress in
this regard. deem It but just to say t6s, very
gr at misapprehensou has existed, and, perhaps,
still exists, upon this point. Legislators, like ali
Others, have much TO learn 10 new condition Of
aifirs, An entirely new system Of affairs was to
be devised, and tina, system mus. necessarily be
the growth Of time and experience; It il not