The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1865-03-05
The seYen.ThIrtY Loan.

This loan, recently opened for popu,
lar subscription, has so far been very
successful The Philadelphia Agent
Jay Cooke, has receieed subscriptions
TO the amount of 100000, in q single
day. The terms of this loan have been
so arranged as 10 meet two great finan-
cial wants which have been deeply fell
by the public It proposes to limit for
the present the issue of gold-bearing
bonds. the increase of which in the
present state Of the revenue has been
viewed with apprehension, and also to
avoid the issue Of more currency, even
if it is not found possible to diminish
the amount now in circulation. If the
loan is absorbed with sufficient rapidity
to enable the government, with its in
ereasing internal revenue, to provide
for the current demands of the war,
we shall escape two great financial per
lie, Of which ell observers now appre-
ciate tie magnitude. If it is absorbed
with such rapidity as to do something
more than provide for current demands,
it will so far place within reach that
great financial reform, a reduction Of
the currency, which would both place
our affairs ON a sounder basis, and di-
minish the future amount Of the obi
cations yet to be incurred.
There is every inducement, therefore,
for a patriotic people to subscribe free
ly from the immense resources at their
command; and the government has
taken the most judicious measures for
drawing the attention of the people to
the opportunity thus presented. The
agent Jay Cooke) appointed TO distrib-
ute this loan is the same who was so
successful in placing the five-twenty
loan,-the most remarkable instance of
q national subscription in our annals,
and we believe without precedent in
those Of any other nation. After all
the criticism to which Mr.. Chase was
subjected for adopting this method Of
selling the livetwenties, experience has
shown that the public interests were
promoted by the course which he pur-
sued and bankers of the most cOnserv-
alive tendencies have expressed their
satisfaction at seeing the business in
trusted to such capable and expert
enced hands and the loan thus brought
to the immediate attention Of the mas
ses. No man who has money to invest
we believe, will now fail 20 be remind
ed Of the opportunity of investment
offered by his country, or its advanta
yes, we trust also that no such mar
will fail 20 recognize the duty as vel
rs the chance Of profit, to which his at
tenlion is now to be invited.
The First National Bank of Nash
vile was the medium through which
the fve-tweniies were offered to tn,
people in this section of country. Hav
ing given entire satisfaction, it has beer
employed to offer them the seven-thir
ties also. No better investment can b'
made. Ttyields remunerative interest
and benefits the government. By sub
scribing to this loan, therefore, the citi
zen manifests his patriotism as well Is
his shrewdness in making good use o.
his means We trust that every reader
of the UNION who has a surplus of funds
even if the sum be no greater thar
fifty dollaFs-will become a party Il
this loan. Call at the First Nationa
Bank Of Nashville, and make your in
vestments without delay.