The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1865-06-02
The Third Series Of .Seren- Tb;,s.,

The great success of the 80 loan nm.
always be looked upon a. one ot' the M.
powerful evidences of the strength al a
United States government. and IL SIM.
hold upon the confidence and aiiec;o,.
the people. On Saturday, May 18Th IL.
subscriptions Were over thirty million a.
larS, and for the week ending on illal b..
over ninety-eight million dollars. and
the three months that the loan ha, lrs.
charge of Mr.. Jay Cooke. over FIVE h..
dred million dollars. These larrr re-.,..
will enable the treasury 10 paw of our.
mics as they are disl,anded. and 10 r..,5 b.
Discharge the various obligations thar han
been incurred during the war. lI,l
will show that a great w;r-lelt 10 ia..
viduals has never before been 80 lrolu,-t-
paid; and we think all viii ACRE fi.-
Secretary Nh ulloch deserves grc;d ,rri.
for the ability he has manifested. noi ol
IN securing the means, but for the finulr.,
skill he has displayed in so directing H.
vast receipts and disbursements a. MOI
a moment 10 disturb the equilibrium G
commerce, embarrslss individuals. or .
any way tighten the money market II :,
doubtless true that the secretary of liz
treasury might have negotiated the rrlllai,l-
der of his loans at SIX per cent. Inter-.
instead OF 80. but so much valuable i'm.
would necessarily have been lo>t in poe
ularizing new loan that the rreai ol,i,,r
of the government. viz. an Immediate SUI
ply OF money sufficient TO pay all The dee,
incident 10 the Wal. would have been i,
feated: and besides, the difference OF IL
terest would not have been equal 10 iil-r.
days expenses The policy may hag
looked penny wise" but the best finn
ciai authorities. :iS well as common >,ll>.
pronounced ii -'pound fosli>h.~ A. :
and will Ice. no soldier will 90 home
without his ercenbackS. and the 1ulfir-
debt in the shape of vouchers. requi>iiiai,
&c, Will he wiped out as RAPIDLY - H.
proper Officers can audit and adiu,1 :.
accounts.
The second series OF the so loar ",
exhausted on Saturday. Nav 18th. o.
Monday. the secretary ot the trea>aiv ~
rhorized Jaw Coke the general >u',,cli-
ton agent for l. 5. securities. 70 rcr.,
subscriptions for S25n.oo0. ooo Il il-
third series, which Is :lll thai J. auth n.
10y Congress. and Is without doubt the L..
loan at this high rate Of Interest fllf NIL
Ice Offered by the government.
There Is no chang in the Terms or con-
ditions Of this third series. except that IN.
government reserves the RIGHT or PAWN
interest al SIX per cent. IN cold instead Il
seven and three-tenth> In curTcncv-a
right which would prc-~uppo>e ry1g-r
10 specie payments. and make IN per cor.
in gold even better than The higher raj IA
currencv-a contamination mo>t dtAou-
ly 70 he wished.
The privilege OF converting the no,c> IL
10 go SIX per cent gold bonds II lls
end of three years. or receiving paymla
al maturity, AT the holders option. i r.
tanned.
The first day of The third series opll-,
with a subscription within a fractivu ,
five millions, and the month of june a.
certainly see the last OF the 1-;6OS on r
market. How early in June We o..nc
predict, but parties who wish 10 m..A
sule OF portion would DO well 10 he II
time
Full particulars may be found in o.
advertising columns.