St. Cloud Democrat. [volume] (Saint Cloud, Stearns County, Minn.) 1858-1866, 1865-06-01
THE THIRD sERfrs "a on 1Fvrr.

the most powerful evidences, of the
strength Of she United J, States Govern.
ment; andsof its strong holds.upon thl
confidence and affections Of the people.
9, On Saturday, s Sat. May; 18TH, the subscrip
!; tons s were over t!irt!y million dollar.
az and .t,st to,r the week ending on that day
over ,a.pii,lseltsy-eiqAt i,glels ''iAion dellqr., and
in the h.e three months that the Loan b,
been ii in charge Of Ne. JAY Cooke, ose,
fue ll hundred q d. million m 11olzar,, !. These
large receipts es vii enable uA the Treasury
70 pay. off +, orr !1l'. armies as they are dis.
banded, and TO 70 1lEapidly discharge the
various "a obligations that h. have beep 10:
CURED RED during the wa.r. History to viii
show that. great war.debt: to iinp.divid;
% 1als has has never before been 80 promptly
paid; and We M think ii al al Kill agree that
s Secretary 81 MEG \! CYL gllullll!9ch deserves great
e credit it, for the ability he has 4 mani mi
,ts Tested, not only in. securing the
means, but for the financial skill he has
displayed ia so directing these vast re-
ceipts and disbursements asa not for a
moment 19 te q disturb is y, the M equilibrium q
g commerce, @ enbarrpss ha ', indiyjifdpas jf q iq
any way g tighten sa lhe money market, i
Is Is doubtless e l true that be The Seeretasy ef
the Treasury might t1t|t;b have & negotiated the
remainder ain Of bis ,l9ane "a at six per cent,
interest IS instead 'as Of, ;7,s0, but 50 much
valuable time, would necessarily have
been lost, lost in, q, populasising new loan
t that the great object Of The Government
yi1 iiI9 q immediate p!l supply Of money sqf
& 6cient ~, to pay 81 the debts incident to
4 the VA. would have bi.t been =, defeated
and be besides, The difference o interest
you'd not have been eaqsll e.. |te thret ! !,
days, expenses. The policy may have
L l|9oted ::pepqy riss but q the : best st! e
q nancial authorities, lte Is well ~ common
sense, pronounced p's m /: i ..pgund foolish { :
AZ i Island ::' viii be, 20 soldier will
80. home 1,''lare Without his g1eenbaeks, and
the floating debt in the shape q tsouch:
ers, requisitions, &e., viii BE- wiped ou,
as rapidly as the proper officers can au-
dit and adjust the accounts. ;. :.
:; The \ Second Series: Of the :7.30 Loan
was exhausted ! on on Saturday, May 18th.
Oo Monday !, the Secretary ofthe Treas
5ury authorized aiizse Jay Cooke, the general
Subscription Agent for US. Securi-
ties, 70 receive subscriptions for, ,$2aO,-
,0]O0, 900 ofa Third Series, which is ali
that is ilptF authorized BY Congress, apd is
without doubt the last loan, At this high
rate 91Ei of interest ter that will BE- offered By
the Government, ,;.,s:,.,.T e =. - %,
-, There her h,l il no change in the terms Or
conditions 6 of this Third Series, except
that | the Government reserves the right
of paying interest at six per cent. in
gold instead Of seven and three,tenths
il il ourre'ncy-7a right which ! would pre-:
suppose . return 70 specie payments,
and make six per, cent. in gold even
better than the higher rate 10 currency
IA consummation most deyoutly 10 be
wished. go
~s Tie privilege Of converting th,e,, E, notes
into $50 six per cent. gold bonds at
the end Of three years, or receiving pay
ment at-maturity, At the holder option
is retained. e 81 .4l,ys.;no ~ z@f9sea S.
- The first :day,sofs the Third, Series
opened with q subscription within .
traction OF Eve millions, and, the month
Of June will certainly see the last Of
the 7.30saout aof market. How early.
in June we cannot predict, butparties
who wish to make sure Of a portion
would do well to Be III time. g ~ s.e.f
Full particulars may b found in our
advertising columns, s..,:..s ~ 5.''....ss5 = Il
A Glass LEAF IN fnf Book or
HIsroRY.-We clip the, following from
the Cleveland Leaasr, dated MeadsilIe
Mayf2lst : fEsF. sssijs Asilo, tsinstz 4:
8. Mr.: Taylor, the proprietor ofths No