The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1865-05-25
rhe rh; Il sorinu nfSoren-Thirt.os.

lTho Ihlrd porloS Vi ooNon I'M "''
The great success Of tho 7.30 Loan
must always be looked upon oa one Of tho
most powerful evidences OF the strength o.,
The United States Government, and Of It's
strong hold upon tho confidence ana "''
fcc,ions Of the people. On Sa'usu"y'
May l3th, subscriptions were over m'ry
million dollars, and Tor the week ending
ON thai dpv. over ninety eight mnf'o"
dollars. and in the thrco months that INC
Ioan has been ir charge Of Mr.. JAW
Cooxr, ouer fue hundred million dollars
These largo receipts will enable 'hc
Treasury to pay ofrour armies as they arc
disbsndcd. and to rapidly discharge the
various obligations that have been incur
rsd during the war. History. wiz snow
that great war.deb, to individuals nus
never before been so promptly paid and
we think all will ogrco that Secretary
MeCulloch deserves great credit for the
ability he has manifested, net only IN
securing the means, but for the financial
skill he has displayed in so directing these
vast receipts and disbursements os not
for a moment TO disturb the equilibrium
Of commerce, cmburrass individuals, or IN
any way tigh'on the money market IL
/, doubtless true that the Secretary OF
the Treasury might have negotiated the
remainder of his loans at SIX per coBt'
interest instead Of 73O, but so much val
uib lc time would necessarily hovc been
lost in populari1ing new loan that the
great ohicc. Of the Government, W., nm
immediate supply ofmoncy sufficient to
tho war, would have been defeated; and
besides, the difIcrcnc, of interest would
no, have been equal to three days, cXpcn-
ace. Tho polisy may have looked "pcn.
ny wisc," but the best financial nuthori-
ties, as well Os common sense, pronounc
ed II "pounj foolish" As ii is and will
be, no soldier will 60 homo without his
grccnbucks, and the floating debt in the
shape Of vouchers, rcquisilioni, 81, will
b, wiped out us rapidly as the proper oili'
GERS can audit and adjust the accounts,
The Second Series Of the 40 Loan
was exhausted on Saturday, May l3lh.
on Monday, the Secretary Of the Treas.
ury authorized lay CooTE, the genera
Subscription Agent for u. $. Securities.
to receive subscriptions lur S230 900 900
Of a Third Series, Which ia all that Is uu'
thorizcd by Congress, md is without
doubt the last loan at this high ratio Of in
tcrcpt tha. will be rn'crcd by the Govern
mcnt
There Is no charge in the terms or con.
ditions Of this Third Scrlcs, txcapt that
the Govctnmen, reserves the right ofpay'
ing interest at six per cent. Ia gold In
stead Of seven aud three tcntha in currcn.
cy, right which would pre-. suppose u re.
turn to specie payment, and make six per
cent in gold even bette, than tho higher
rate in currency consumma,ion mos
dcvoutly to he wished.
The privilege Of converting tho note
into b 30 ak per cen gold bonds at III
end OF three years, or receiving poyn,cn
at maturity, at the hold 70 option, is re
tanned
The first day of the Third Series open
ed with a subscription wi,,iu n fraction
OF five millions, aud tho month Of Jun,
will certainly see the last of the 7.3o
out of market. How carly in Juno w
cannot predict, but parties wh1 wish Il
make sure of portion would do well to
be IN time,
Full particulars may be found in Our
advertising columns.