Columbia Democrat and Bloomsburg general advertiser. [volume] (Bloomsburg, Pa.) 1850-1866, 1865-05-27
The Third Series of seven-Thir-
ties.


The great success Of the 730 Loan
mus, always be looked upon as one
Of the most powerful evidences of the
strength Of the United States Government,
aud of its strong hold upon the confidence
aud affections Of the people. On Satur'
day, May 18th the subscriptions were over
THIRTY million dollarS, and for the week
ending on that day, over Ninety eight nnI'
Inn d0NarS, and in the three months that
the Loan has been iu char,e of Mr., JAY
COOKE, over fve hundred million dolIorS'
These large receipts will enable the Treas.
ury to pay off our armies as they are dis
banded, and rapidly discharge the various
obligations that have been incurred dur
ing the war. History will show that
q great war-debt to individuals has never
before been SO promptly paid; and we
think al will agree that Secretary Mo
Cullough deserves great credit Tor the
ability he has manifested, not only in Sc.
curing the means, but for the financial
skill be has displayed in so directing these
vast eceipts and disbursements as not for
moment to disturb the equilibrium Of
commerce ,embarrass individuals, ,or in any
way tighten the money market. Ii is
doubtless true that the Secretary of the
Treasury might have negotiated the re-.
IN ainder Of his loans six per cent, interest
instead of 30, but go much valuable tmc
would necessarily have been lost in popu
larising new loon that the great object
| os the Government, W., an immediate
supply Of money sufficient all the debts in.
cident to the var, would have been defea-
ted and besides, the difference of inter
est would not bave been equal to three
day. expenses. The policy may have
looked "penny wse," but the best 6nan-
cial authorities as well the common sense,
pronounced it "pound foolish As it is
and will be, no soldier will 20 home
without his grccnback', and the aosling
d "bt IN the shape of vouchers rcqusiions,
&c, will be wiped ou' as rapidly as the
proper nicer- can audit and unjust the
account.
TIE Second Series Of the 100 Loan
WAS exhausted on Saturday, May lath.-
On Monday, the Secretary Of the Treas.
ury authorized JAY Cooks, The general
Subscription Agent for U. s. Securities to
receive subscriptions for S23o0OO, 900 Of
a Thir1 S ries which is all that is author
Izel By Congress and j. without doubt
the last loan AT this high rate of interest
that will be offered by the Government
There * DO change in the terms or con
di:ons of this Third Series, except that
the Government reserves the right Of pay
ing interest at six per cent in gold instead
of seven and three tcnths in-currency-a
right which would presup pose q return
to specie payments, and make six per cent
in gold even better than the higher rate
in currency-a cousum nat on most devoutly
to be wished,
The privilege of converting she notes in.
10 20 six per cent, gold bonds at the end
of throe years, or receiving payment at
maturity, at the holders option, is retain
ed.
The first day Of the Third Series open
cd with subscription within fracti,p
ol five millions and the month of June will
certainly see the last of .3Os 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
advertising columns.