Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-12-03

Certificates q Indebtedness, payable one wear
nom date. CT earlier a. the option ofths Gov
-lnI1ent. BEARING interest at the rate of srx per
cen'- Per annum- NIGH be issued 70 IN indefi-
bile drIC uLi- but only 20 public creditors desi
rCus OF receiving them IN satisfaction of an
d.,ed and settled demands against the United
EarIy in April, the fall OF Richmond and tho
surrender OF the forces which had so long do
tended n, rendered II certain that rhe war wa
econ TO De terminated. ana that provision mus,
be made for the payment OF the army AZ the
earliest practicable mOmeut
ne t1igeney was great. and the prosp ect Of
Ialsh ihe money required 70 meet the pres
ent AID prospective demands upon the Trsas
ury- under The laws then existipg was suai
ci-htiy disco urdging 10 create sOIIcitude and
anxiety IN the mind of a Secretary Iiftls
eapsIIesc Geo IN public affairs, upon whom the
resPons ibilIiy OF maintaining the credit OF the
ha'iOh hao been Unexpectedly deyolved. There
"as 10 Lme 10 Try experiments or To Correct
eIrCrs- II any had been committed i'm th, FIND
OF seeurtirs which had been put upon the
market Creditors were ImportuDate the nm :
peiu Ttdulsitions IN the Department were
,sIeeiy IN excess OF the cash In the Treas ury
TIE vouchers issued to contractors for the ne :
cessSry supplies OF the army and navy vera
being so'd at from ten 10 twenty per cent dis :
Soont-lndIeaIing by their depreciation how
uncertain was the prospect of early PAYMENT
While nearly million or men were soon 10 be
discharged from service, who could NOT he
mustered out until the means TO Pay the large
oalanees due them were provided. There was
10 alternative but 10 raise money by popnlar
subscription 10 Government securities Of /.
Character the mos: acceptable 10 the people
loans
AZ a considerable amount Of the ssvsn-
thirues had recently been disposed of sats
iaetOTiIy by the Department. and had proved
10 BE the most popular security ever Offered
10 the people, the Secretary determined % reIy
upon them, falthough on the part OF Govern
Etbt they Were IN many respects OBJECTION
able and, In order TO insure speedy sub.crIn-
lions 70 place them within the reach Of All
VINO might BE willing 70 invest In them In
every ely and town and village OF the IoyaI
ana at some points in the eisloyaI State. sinh
sCriptiCns We're solicited. The Press win Us
40 Inense power. and without distinction of
party, secCn ded he efforts OF the energetic ana
sxiiful agent who had charge OF the loan. Toe
National Banks gave efficient aid by liberal
subscriptions, v hIls thousand d. Of persons An
humble life and with limited means hes itited
NOT tC cOmmi her substance 10 the honor and
good faitb OF the Government. Before the end
OF July the entire loan, ex ceedin I've a ndred
mllhons, was subscribed and PAID for, and
the SECRETARY was enabled with the proceeds
toeether with The receipts from customs and
IEt-Tna revenues, and the use To a Iimieed
extent OF some Of me other means at his dis
Treasury, and every matured national ohIi
gatIon. AS evidence of the necessity MAJ -.
isted for prompt action ia the negotiation OF
this loan, and the straits 70 which ths Tre.sn-
- reduced. ~ Will be Remembered nv
these who examined carefully the montbIy
statements OF the department. that aitnourS
during the month OF April upwards of or.
hundred millions OF dollars had been recei ved
IRON the sales of 10 notes. the unpaid rean
sItvDs at It's close, had increased 10 si2o s7ao0D
" bile he casI (eoin and currency D air ths
pUthc depOsi tories amounted onlv 20 SIss5
80 lffew TAen entrusted win The manage
Hent Of The finances Of a great nation were
ever IN a pTsitiOn so embarrassing and trying
as was bat OF The Secretary Of the United
States Treasury IN the mon rs Of April and
May, Is none certainly were ever so happi.
" 5no promptly relieved. The secretary re-
fe al duafu fra tha
D-J aTtm-nt with pleasure, because the suc-
c. OF THIS loan vss To him not only a sur-
pre- and relief bat bees ase it indlc1fed the
r'-g urcfs OF the country, and gsye him the
esd CouraEe for the performance of the
gIsat work thar Was before him.
a BstwseR the first day Of April ana Sep,em-