The Weekly Perrysburg journal. [volume] (Perrysburg, O. [Ohio]) 1861-1???, 1865-06-07

THE THIRD sEKIEs OF SEVEN
TIfInTIEQ

lhthtIES.
Tho great RUcoeRs of the 40 Loan must
always be looked upou az one Of the most
powerful evidences Of the strength 9f the
United States Government, and Of its strong
hold upon tho confidence and affections of
the feeplc. On Saturday, May II, the sub
scrlpuons werc over Mjrty ssift,sa ,St,5fa's,
and Tor the week ending on that day, over
atHe,s. eigh million dollars, and in the hrco
'aont's that the Goan has been in charge of
Mr., JAY Cooltc, ovor .Erc AsHd,ed ts5Hiox
dollars. These large receipts viii cnallc
the Treasury to pay of orr armies AZ they
arc disiaudoG, and 80 rapidly discharge The
varoun Obligations that have been incurred
&Sring the war. History will 81 ow thal a
great war debt to individuals has never be.
fore been SO promptly paidj and we think
al viii agree that Secretary MoCuloch dc
sorvos great credit fer the ability he has
manifested, not only in securing the means
but for the financial skill he haa displayed
in so directing these vast receipts and dis.
bprsements as not for moment to disturb
the equilibrium of commerce, embarrass in.
dividuals, or in any way tighten tho money
market II is doubtless truo that The Soc.
rotary orthc Treasury might have uegotia.
ted the remainder Of his loans ut six Der
cent. interest instead of 7,30, but so much
valuable time would necessarily have been
lost IN popularizing a new loan that the
great object of the Government viz, an
itninedia'e supply Of money sufficient to
pay al tho debts incident to tho war,
would have been defeated aud besides, the
difference CT interest would not havo been
equal to three days expenses. The policy
may have looked "penny wse," hut the
best financial authorities, as woll as som.
mon sense pronounced il pound foRiah. :"
As it is--and viii be, no soldier will 20
home neutrality-suspicious., and the float.
ing debt in the shape of vouchers requisi.
tions, &e, will be wiped ont as rapidly as
the proper officers canaulil aud adjust the
Hcrouuts,
Tho Sscond'S}rics of the I 30 loan was
exhausted on Saturday, May l3, On Mon.
day the Secretary of tho Ercasury author
lied jay Cooke, tho Goserel Subscription
Agent for united States Securities, to re
.eeiyo subscriptions for $3.50, 100000 of q
lhird Series, which is all that is authorized
by Congress, and is without doubt tho lest
loan at this highSate at interest that viii
be offered by the Government
There is no change ia the terms or con
ditions Of this Third Series, except that the
Government reSewcs tho right of paying
interest at six percent, in gold instead OF
seven ard three'senths in currency Alright
which would pse,Supposo a return to spe
clio payments, and mako six per cent III
gold even belieg than the higher rate il
curreney-a contamination most lcyoutly
to be wished.
The privilege of converting the uoles ia.
to $40 six per cent. gold bonds at the end
of three years, or receiving paymeut at ina
turity, at the holdera option, is retained
Tho first day of the Third Series opened
with subscription within fraction OF
iyo millions, and The Month OF jane viii
certainly see the Last Of tho 73os ont OF
market. How early in juno we cannot
predict, but parties who wish to make s,Ye
of a portion would DO well 70 DC in time.
To-day the issues OF tie pew notes q
the Third Series OF the I90 i.oap ofaH de
nominations, wiz be rea,lylar delivery 20
Subscribers They viii be Z, livefod witb
,he aspie promptitule tllat,aa,ked she snip
ply Of the notes Of the first a,d second Sc
rics. Il has been this iai,ruption OF dyliy
cry at tAe tims of subscription, which has
given an appearance OF failing oti ia the
popular taking Of the Loan. the great bod J
OF smah takers being unwilling ,poy their
money Hliess they received tnetr notes
right in hand to carry acm home Il is
expected ta, Ai:er this Mech the daily sub
serip,iona % tie 39s viii lun ap into
u.iAioBs The opsniag Of the iarpers wool
.u4rlSe,s, Fast and West. will unaenLtedly
stimulate Subscriptions,
Oar readers will ind lul4%gticulars. re
garling the new bOnls ia ogr advertising
conmns.