Litchfield enquirer., 1865-05-25
THE THIRD SERIES OF SEVEN
 THIRTIES ..l z

The great success of the 7:30 Loan must al ways be looked upon as one of the most DOW erful evidences of the strength ot the United States Government, and of it's strong hold upo,
 the confidence and affections of the people, On Saturday, May 18th, the subscriptions were over thirty million dsllars, and for the weel ending on that day, over ninety-eiglt nailLio, dOHGrs, and in the three months that the Loar has been in charge. of Mir. JAY CooKE ooe, .Jfre Hundred million dollars These large re- ceipts will enable the Treasury to pay off our armies as they are disbanded, and to rapidly discharge the various obligations that have been incurred during the war. History will show that great war-debt to individuals has never before been so promptly paid and we think that Secretary McCuloch deserves great credit for the ability he has manifested. not on- iy m securing the means, but for the financial skill he has displayed in 80 directing these vast receipts and disbursements as not for a moment to disturb the equilibrium of commerce, en- barrass individuals, or in any way tighten the money market. IL is doubtless true that the Tecretaiy of the Treasury might have negotia- ted the remainder of his loans at six per cent interest instead of 7.30 but so much valuable time would necessarily have been lost in popu- iarizing new loan that the great object of the Government viz an immediate supply of mooey sufficient to pay all the debts incident to the war, would have been defeated and besides. the difference of interest would not have been equal to three days expenses. The policy may have looked "penny wise" but the best financial authorities. as well as common sense, pronounced it pound fooiish." And it is-and will be, no soldier will go home with out his green backs, and the floating debt in the shape of vouchers, acquisitions, &c.. will be wiped out as rapidly as the proper officers can audit and adjust the accounts.
 The Second Series of the 7.3O Loan was exhausted on Saturday. May 18th. On Mon- day, tbe Secretary of the Treasury authorized JAY COOKE the general Subscription Agent for U. 5. Securities. to receive subscriptions for .S23O 900 900 of a Third Series, which is all that is authorized by Congress and is without doubt the last loan at this high rate of interest that will be offered by the Government
 There IS no change in the terms or conditi- ons of this Third Series, except that the gov ernment reserves the right of paying interest three-tenths in currency-a right which would pre-suppose return to specie payments, and make six per cent. in gold even better than the higher rate in currency-a consumation most devOutly to be wished. F.. ..g.s. .e-
 The privilege of converting the notes into 5.2O six per cent. gold bonds at the end of three years. or receiving payment at maturity, at the holders option, is retained. ls ees8
 Ina first day oi the Third Series opened with subscription within fraction of five millions and the last of June will certainly see the last of the 7.30's out of market. How early in June we cannot predict, but parties who wish to make sure of portion would do well to be in time.
 Full particulars may be found in our adver- Using columns ...,.....