Washington telegraph., 1865-07-12

oCk IA iibNAL sEti iRlll lEs.-1 he
mean ng ot the terms applied 10 the diff
frre. National Loans does not seem t.
be very clearly understood by the COM
munity, albeit a matter of deep and pecu-
liar interest to all. We condrnsr, there
fore, froHl 4 succinct statement the: eOf
IL the New YORK Iin1s, an explanation
Of each:
"Srvrn- -TAirties.',-These represent
currency loan having three years 10 rul:
then convertible into gold interest SIX
per c-nt stock having twenty years to
run. but with the right reserved to the
Government of paying off the loan in
gold, at any time after five years. The
term "seTen-ti;rties, is derived from tie
rate of interest borne by these ihrer-
years convertible NOTES, viz: two cents
per day on each hundred dollars; OF for
3j5 days 81 80 on each SIO0
't'ive-Iwenties This term is ap-
piled 70 the per cent goll-bearing
bonds of the United States, to which
tw-nty years half yearly coup IL are al
iacheG. Uut which may b. paid off III
gold III lie Government. oil due MOTTO.
ID holders nc amy time after five wears. i'll
tire event that Tie Government shorll
b. u'i red tie money on new loan al :.
cheaper rate Than six per cent
''Iea-F Forties These are the fivo
per cent gnld-Searing bonds of he Uni
ted States, to which half yearly co, pons
are attached, for forty years, but wiz.
may be paid off in gold. on notice to il.o
holders, at any time after ten Years. in
lhe event that the Government should
be offered the money on new loan at Il
cheaper rate OF interest than fiyppe cent.
III most d-sirabie If all thr United
States loans, as a permanent investment
j. doubtless the long, or unconditional
six per cent gold bearing TX per cents
of 1861. which IL not rel-cllable bv tile
Government at all, except BY purchase,
unfil the year 1851
We learn fir IN the interesting stats-
ment alluded 10 the present outstanding
totals of the several loans are as follows:
Seven hirties S600, ,0OG 600
2-Fiye-Twenties. -.. 59G.545, 900
acknowledgements. l72 77O,I0O
i-SixeS Of Eighty ONE. 2Sl,5GI.4O0
Total -5L.GaO. ST., 400
Interest in Currency on 5000, 10000.
Interest In god Oh 81 l.050.377,4O0-
Sl,5jO. .S77,4O0
Ii j. to be remarked that ia addition
TO the gold interes. sfoaks, classified
above, there j. outstanding SIS SSS. SCI
Of tile old funded five and six per cents
of the I'm ted States. upon which ll-
interest is paid in gold, and the princi-
pal Of which will be redeemed iu gold
when due
"Grecn5acks1 and Legal Tender -
Thee terms are convertible All tho
grrenbacks are legal tender; but about
S433, 100000 are of the ordinary circu-
lation, free OF interest. and S226, ,0O0,0
bear simple CT compound Interest, paya-
bic on the maturity of the notes. most Of
them six PEI cents. payable three years
after 1864, the interest Compounded in a
table on the back OF the note every six
months.
TIE REVIVAL OF TRADE-TLr New
York Tribune, in an article on the rs.-a
yivai nf trade. gives the following excel
lent advice:
Pay down is the sheet anchor Of our
national and individual safety. 1t 0tlrI
importers buy no more goods than they
can pay down for, and sell to noss bur
those who court and abide tie same.
wholesome test Let our retailers buy
and sell on the same basis; and III our
consumers resolve to do without goods
|Hf III ." IA.
until able to pay for them a E1lasral
adherence to ts,i= rule viii cary d. salr-- -
ly over to anpler ilarvesfs knd boiler
times, and enable as to resume sprcir
payment At an early day. W. d6 nIt
need half - many 4fr&.lsgn ah w ssr s,z,s4,IIx
have; We can III Nv INV sssl Ialasr into nror
ductivs industry by Y ;srnrfaI xsIlawrspr~
70 cash payment All rnRnil infxrisri. slI
honest instincts, should uni{e in r,.lssrI:'.
ing thr policy ot pay . yan g;sEas .5Ii |I<
have our one tcr. tiitor--ysH oa1u,1If wy; \. v
the national dvbt be the pesiI| NJ Y ~ III
bank; let Us discourage ,q| .:5 x
gambling, ~xtrav gancv, ojllI u -
speculation; aud let US 'slI -
the path to prosperity lies @If2 pr',
ersl frugalify. and = vi \ ~
production. There il n& 1 N 1 .<f
business % ''cs'nil, ~ N M
~ you g. ''Ai' Nj 4a5 n.