Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1864-08-04
Mr. Fessenden's Appeal
II the country had needed frcsb

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have found them 10 bis appe.l TO the con,
Try printed in our last. Nj. Fessenden b,
lieyes las we do) thar our great war drav
to close. But be frankly tells the low,
people that il is their war. and that vi
close in triumph and security or 10 defea
ana disgrace as their acts shall determine
~ they shall practically say, I'VE will no
lend our money to the Government, becsus
We can make more money by using it il
ooio gamDling, or IN monopOlizing the ne
cessaries OF life, then our armies must n
not only unpaid but unfed, and tn. strugg
must hasten to premature end in disa ,te
ana disgrace. But If they shall-as W,
douDt not they .will-resolve to lend tn,
uovernment forthwith all they can several,
spare, the Currency will undergo a gradua
ana wholesome contraction, the prices o.
1000 and other staples will steadily fall, burn
,lng the fngers OF their gambling monopo
lists' while our armies, provided with every
thing needful and fully paid, will advance
upon the last strongholds of the Rebellion
70 md them defended by men half fed and
long unpaid, who know that their families
are starving tor want Of their Just earnings,
ana that their limbs and lives are wasted in
the service Of cruel, heartless oligarchy
VINO profter them no recompense but the es.
tsollohment OF despotism and the ruin OF
their country.
Mr. Fessenden's financial expose, though
brlef, Is satisfactory. He states that the
internal Revenue, which was at first less
than Five Millions per month, rose steadily
TO Fifteen Millions last month, and that
since, under the new and largely increased
rates, 1t has amounted to One HiiIion dol
lars per day. There can be no rational doubt
that, for the fiscal year that opened on the
lst inst, it will exceed Three Hundred and
may reach -Four Hundred Millions of Dol
iars-the largest sum ever collected from
IKE sources ID any country on earth, though
little or nothing is yielded by one third of
ours. 80 ample is the basis for confidence
in the National ability an. sovency.
Mr. Fessenden otf,rs an interest of seven
and three e-tenths per cent, payable semi
annually, for three-years' loan, payable in
cash, or convertible when due at the hold
ers option into gold-paying six per cent.
bond, having not less than FIVE years TO run.
This option will probably make each bond
worth hive per cent. more than its face at
maturity. The interest on each bond is
precisely one cent per doy on every $50 in.
vested, 50 that every one can compute it as
1t accrues, and know that he is just 81 richer
every twenty four hours for every $40, 900
OF this loan he holds. 1t can thus be sold
or transferred at any time, and the accrued
interest computed in moment, while its
exemption from both general and local tax
alton must render it a tevorite security
We confidently expect that, before u 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 thln double its
amount in them.
But, though the terms offered are most
favorable to takers, We do not expect this
loan to be taken wholly or mainly from sell
fish considerations. We know that those
who cheer JEFF. Davis and Lee. and are
& glsddened by tidings OF Federal disaster,
will not take it. No knight of the Gold
en- Circle, no conspirator for Northwest
ern Confederacy, will take dollar of it
No one who votes for Seymour in Connec-
ticut or Vallandigham in Ohio will touch it.
Very few who think George B. Mcclellan
our greatest General and wish him made
either Generalissino or President, will sub
scribe to 1t. We may as we'll look facts
squarely in the face, and realize that the
Two Hundred Millions now needed must be
taken by those who, despite its faults and
shortcomings, support the Government of
our Union by sustaining those who, in the
Providence Of God, have been called to ad-
minister it. * few of the contrary part will
DO little; but the great bulk of the loan
now required must be taken by those who
believe the Shareholders Rebellion inex-
eusably wicked and causeless, and desire its
On these we call earnestly for immediate
and energetic responses to Mr.. Fesserden's
noble appeal. We ask every loyal man and
woman to answer promptly this question
How much can lend the Government with
put Injustice to my creditors or my family
II you can lend 500, $500, $1,000, $l0,-
)OO, do not deem your duty discharged by
half that sum. II you can lend
but 500, put that sum at once in the near
,st depository of public money, or intrust
t to some banker or neighbor who is ma
king up subscription, and direct him to
invest 1t in your behalf. Bankers and other
thrifty men should open subscriptions at
'nce among their neighbors, and even get
up public meetings to explain and commend |
me new loan; as every one who pays in |
b25, OO0 at once on account OF it will receive |
commission Of $62 SO. Remember that, /
'hough your bonds may be some time in
coming, they draw interest from the day on
which your money is deposited to the credit
u the Government in any sub treasury or
National Bank authorized to receive public
~ 90
Patriots! your bleeding country lsleud-
y for your aid Most of her soldiers are
it'll unpaid the money due them on the lst
nst., heavy requisitions impend over her
Treasury; while the Currency, peruiciously
expanded because her Liabilities could not
be met, can only be contracted by |
7our lending her the means. Hall the.
money now lying on depositin banks or kept
die in safes or pocket-books, would relieve |
her embarrassment and reduce the prices |
'f Food, Coal, Goods, &c, to the neiehbor-
iood OF reason. But do not stop with half !
lend your country every dollar you can
pare, and sell and collect freely in order that
'ou can spare the more. SO shall the last
'erils of our great struggle be vanquished,
md the end of all our tolls and sacrifices be
iobly achieved LIN, Y. Tribune.
Ex m UtIRn Of Nan.u ausst. xSs