The New York Herald Newspaper, July 22, 1865, Page 2

2 FINANCIAL AND COMMERCIAL. Pawar, July 21-6 P. M. ‘The tmprovement fn the st ock market continues, and ‘he advance in the rate of interest upon call loans dows pe appear to deter apeaulators from operating for a ris At the Oirst board Erle closed 44 higher than at the sec- nd board yosterday, Readiug %, Michigan Southern 1 Jovoland and Pittsburg 24, Northwestern 3, Fort Wayne {, Obio and Miasissippi certificates 3, Quickallver Lig. ok Island was 3{ lower, Government securities sub- jited to axfurther decline, Coupon sixes of 1881 wero 3< lower; five-twenties, new tssue, 34. At the open board, at half-past one, the market was ploady, At the second regular board it was somewhat {rrogular, New York Central closed 3¢ lower than at the first board, Ilinols Csntral 34, Northwestern %, Rock Island 34, Quicksilver 3g. Erie showed an advance of 4, Reading 3, Michigan Southern %, Fort Wayne 3, Ohio and Mississippi’ certificates 3g. © Cumber- Jana was unchangod. Government securities were full, and there was no disposition to buy. Coupon five-twenties experienced a further decline of 3. ‘At the open board at half-past three the market was ex- tremely dull, but steady. Erie closed at 825, Reading 102%, Cleveland and Pfttaburg 6834, Michigan Southern 6534, Rock Island 107%," Fort Wayne 9914, Ohio and Misaisalpp! cortideates (8.3) 25, Cumberland 42. Money has been easy to-day, although call loans are ot generally made under 6% percent. The Treasury jee great need of money, and bonce the national banks boing closely drawn upon. There is @ general ex- pectation among the bank managers that the Treasury jwill soon be compelled to call them for @ loan, to be provided for at the ting of Congress, and they are shaping thelr wiairs accordingly. Banking Intorests are, unfer tho present financial system of the bountry,so intimately connected with and dependent-upon tho national credit, that the banks are not in a position to refuse any demand of the government with which it hs possible for them to comply. If certificates of indebt- fdnoss were to bo issned to an unlimited extent they ‘would probably soon touch 96. As it 1s, those of the jnew Issuo have been offered at 97% to-day. | The discount fine is a shade more active, and the rate for marketable commercial. paper varies from 7 to 10 per cent, with rare exceptions at 64. The gold market has been dull, and the bulls have Btoutly rosisted the temporary tendency towards a decline. The opgning price was 14234, after which tt ro- poded i; but afterwards it improved, and, at five ‘o'clock, was steady at 142%. Gold was abundant early fn the day, but at the close it was scarce, There has oon no further sale by the Treasury. The steamer Bu- rope took out $77,000 in specie. Foreign exchmnge is firm at the reduced rates, Bankers’ sterling at sixty Gays is quoted at 106% 109, short sight 1093¢ a 5. Commorcial bills 10844 a 3. ‘The business at the Sub-Troasury to-day was as fol- lows:— Recelpta for cnatoms. & 3,000 Wotal Focvipta. Si 4,704,425 Taymonts bf » gBelcagl Balance. . os . ‘Subscr'ptions to government loan The Morris Canal and Banking Company has declared sem! annval dividends of Ove per cont on preferred plock and four per cent on consolidated stock, payable ‘August 1. The Astor Fire Insurance Company will pay, August 1, ‘np sem!-annual dividend of five per cent, free of tax. | Tho Pennsylvania Coal Company will pay, August 1, a dividend of five por cept. The August coupons on bonds of the Marietta and Cin- cinnati Railroad Company will be paid on and after that day at the Amorican National Bauk. ‘The approximate earnings of the Marietta and Cincin- cinnati Railroad Company for the second week in July ‘wore:— 1864. ‘1865. . $7,523 37 10,836 27 eee. 8,976 18 12,448 13 1,180 68 1,100 00 ‘Total $17,689 13 24,380 40 Total thi 88,104 84 47,608 75 Yotal for figcal yoar com! ing ist of January... . 508,874 22 692,063 OL Deputy Commissicner Rollins has rendered the follow- ing decision relative to the returns of savings banks:— Treasory Duraxrucnr, Orrice or Interna, Ravexve, Wasmmcton, July 12, 1865. Sre—In Ly =the your beet od th towt, relative to roturns of savings banks, 1 have to say that tt bas been de: that the deposits of asavings bank having bo capital stock may bo so far regarded as capital as to allow thé deduotign of the ammount of such deposits in- ‘vested in United bonds. The surplus fund should also be regarded as capital, nd added to the amount of deposits from wh.ch the mount of bonds fs subtracted. Only such government seou: are set forth in veciston %. 140 ard ‘Coneldered United States bonds. ‘ou will observe the seven-thirty notes and certificates f Indebtedness are not included. Very respectfally, KE. A. ROLLINS, Deputy Commissioner. Tsomas G. Tunsen, Esq, United States Assessor, Yrovidence, ®t. I. The San Franclaco Weekly Stock Circular, dated June RA, says:— Capital is still in ample supply for all the legitimate fomands of the season, and the bent rate shows * varia- tion, 136 por cont per inouth being the prevailing igures. Out door negotiattoms may be quoted at two to three per cent. In tinancial and commercial circles the fear that legal tenders, or any other paper money not redeemable in gold, can’ be mado to ctroulate here as currency 1a scarcely entertained. The unanimity of opposition to it Us remarkabie, for the simple reason that our present me- tallic currencf 18 more stapie, safe and better every way, and that no necessity for changing it exists hero, as was the case at the East, Were tho change of any material importance to the government, or could it result benefleally to any interost ‘00 this coast, business men would probably offer no ob- jection. If individuais are adventurous cuough to attempt = Pyeng 4 @ national bank here, under the wa of Congress, with no ower foundation than paper tanues for the redemption of its Habilities, though there aro doubtiess many who would be willing to be aub- sidized by such an institution, and faver it with open mouth and ompty pocket, there are but few among busi- ness mon who would have any confidence in its stability, profitableness of usofulness. ‘The mining share market has been somewhat irrogu- far and variable since Monday Inst; but for the most nearly al! stocks are stronger, and have been dealt in at higher prices than at the clove of last week. No important developments have been made this week in feading mines, but certain indications were met with of wufficient encouragement to induce a little speculation in some stocks and to give more strength to others. Not- withstanding the losses sustained in the depreciation of all shares a short time sinco, the public seem to be @agor to onter the market again upon the least evidence of improvement in tle appearance of any portion of the ‘Comstock lode, at the depths now attained. At no for- mor poriod have explorativns beca carried on with aa much vigor and y Tho Boston Lvening Travller of yesterday reporte:— The money market is without any material alteration from the previously reporied condition of caso a abundance. The demand lias been a little more a this forenoon, but the supply continues suflicten large to ect the wants of the community for mercantile and other purposes, Logns re\uruable on demand were pare poe res at five and six por vent on strong col- date: and seven and-three-tenths on three and four mouths’ timo, Notes of the first class are wanied by capitalists at seven and ciglt per cent. The stock mar- ket ia not Moree but there are as mauy buyers as sellers of sound dividend paying securitivs. Fhib Ohloago Tribune of Wednesday remarks:— The money market was tolerubly active to-day, and our bankers discounted prime produce and mercantile paper freely at ten per cont perannim. The supply of Currenoy is fair, but some of the discount houses had to ell exc! to moet the demand on them by rrain merchants. On the streot second rate puper was accepted at 1 a 1 per cent per month. ‘The supply of Bastern exchango was more liberal to- day, and the market was easier, but without materal obange in quotations, So! f the banks sold freely at par in order 16 meot the demand for currency, but the ‘usual selling rate was 1-10 prem‘um, At the Close the market was weak at 1-10 discount to par buying and 1-10 womium eelliny, The increased shipments of produce ave contributed materially toward swelling the supply. Btock Exe’ ore a1 10:30 A. Mt Frivay, July 21—10: 20000 86's, B1,cou 107 Tos alw kre KR 82 0000. do. + 108% 400 . 82% 2000 do. 106% 10 Blby 40000086's, 6-20, cou 104% 100 BLM 100000 d0......... 108% 190 82% 68000U86's, 6-20,cn i L04 100 do 2d ¢..880 81% 3700001185" 0 d0c0a . 100 Erie RR prof... 86 o 0,88 a 12P itt F 4 {000 Connee tlout Se 4 200 ® gat “ice sie he d, "e bounty u 4 Riv: 10000 Ohio& Mies cert 25 eRe JOE 0 Reatin, 6000 Krio 34 m. = 400 bes 600 Ti! Con bonds., XI S000Mil&PduO 1 98 Tooochtok Alb foas 97 L1L00AMer*ean gold, 142K 20% Aw Exch Bk 113 2% Tradesmon's Bk. 126 600 do. Fourth Nat Bk. 100 do es well agag 100 do. .dd call 64s % 3 sgl 80 oe gag ly Pree ith y " Deeveveves 81% | do... 6 GR. e. v0 1% NW pref, 62 40 Chic & RI RR... 108 200 GOs es css. LOTK 100 do vi. TORK 109 Chie & Att pref. 102 100 NY Cont RR.«90 a 600 do. 100 Ind & Cm Ist prof 35 5 vo 100 do, —s ‘Cron P.M. 6 ~ Haur-past, Two 0" . M $7990 US.0', "61, cow id FAs brie KR... 8234 U 86%, 5-200. 10454 600 do. 825% 9's6-20,0,n1 104 200 do. 81% yalycnis 97% 200 Reading 102 15000 Ohio & Misécor 25 200 Mich So&N € 64 1 Mii caseass 1200, do. 4: 10000 Amer go! 600 do, 65 200 shs Canton 100 Tinols ¢ 16 200 Cumb Coal pr 200 Quickstiver M 400 Chic & NW RR., 27 100 do. 300 Chic & NW pref. 62: 109 Branswic! 100 do.... + 62 100 Atlantic MSS Co. 1 200 do. : 623 100 N ¥ Contral RR. 94% 100 Chic & Rk Tid RR 107: do. +2 945% 200 d0......... 107. 200 do. \) 9436 900 Pitts,FW&Ch BR 00 OITY COMMERCIAL REPORT. Faway, July 21—6 P. M. Asnes.—Roceipts 8 packages. The market was dull for both kinds, including pots at $7 50 and pearls at $8. AxcouoL was quiet at $4 10. $4 15, Breapstorrs.—Recelpts 12,920 bbls. flour, 80 do. and 81 bags corn meal, 76,475 bushels wheat, 116,011 do, corn, 134,474 do. oats, 7,500 do, rye and 9,164 do. malt. Tho flour market was moderately active for good and choice brands, which advanced 10c. a 1c. a bbl, while inferior and common grades were dull at a decline of bc. abbl, The sales of State and Western were 10,000 bbls. Southern flour was quiet; good brands were firm, while common wore heavy. Sales 400 bbls. Rye flour was quiet and unchanged. Canada flour was dull and heavy for infertor and com- mon, but firm for good brands; sales’ 360 bbls. Corn moal was in limited supply, and active request at firmer prices; saleg 1,000 bbls. at our revised quotations, We ® a3 2 Common to medium oxtra Western Extra round hoop Ohio. Wostern trade brands. Common Southern, Fancy and extra do. Common Canadian. Good to choice and acacrausace ll assssseesss Corn meal, Brandywino, —The wheat market ruled dull, with a slight decline for spring, while winter was buoyant at an advance of 3c. abc, abushel. Tho sales comprised 82,500 bushels at $1 90 for white Michigan, $1 76 @ $1 80 for ambor Michi- gan, $1 41 for ambor Milwauker, $1 35 a $140 for Mil- waukee club, $1 80 a $1 39 for Racine spring, and $1 60 $1 70 for winter red Western. Rye was quict, but ey firm, Bariey was quict and unchanged. Malt was dull, but frm. Oats were dull ata deciino of Io. a 2c. bushel. We quote:—Weatern 50c. a 60¢. Corn was tn demand, in part for shipment, at a reduction of lo. bushol; tho sales consisted of 93,500 bushels, at 80c. 81e. "for unsound and 82c. a 880. for sound mixed West- ern; also $4c. for high mixed Western, nearly yellow; Closing at 82c. a 824¢0, for shippl lots, Corrme was steady. Wo not lea of 4,000 bags Rio on private terms. Cortoy.—The market was dull and heavy, especially for tho lower grades. Tho sales were 2,000 bales. We quote:— Upland. Florida. Mobile, N.O@T. Ordinary. 85 36 86 30 Middling.. 48 rt rT rt) Good middiing. 51 49 60 Corren was artive, with a slight upward tendency. The sales inaludod 30,000 Ibs. Detroit at 80c. a 803¢c., 76,000 Ibs. Baltimore at 293¢c., 100,000 Iba, Portage at 203¢c. a 29340. ‘Ti —The market was firm, with sales of 100 slabs Ee at A gc. We quote Straits at 27c., and English at s0., gold. Fisv,—The demand for dry cod was and prices wore very firm. The sales included 160 George's at $7 50 o $7 75, and 2,000 Bank at $6 a $6 50. Good mackerel wero scarc’ very firm, but in light de- mand. We quote Nos. land 2 at = $13, large No. 8 at $12 and medium do. at $10. Herring were in supply_and very firm at 60c. a 65c. for scaled and a 60c. for No, 1. Fruonta.—-The markot was rathor more active. Tho engagements were—To Liverpool, 3,700 bushels wheat, at 3d, in bulk and shippers’ bags; 38,000 bushels corn, ‘at 3%.’ in bulk; and per steamer, 1,000 bales cotton, at 5-16d. a'%d., and 50 bales Sea Island at Xd. To Ant- werp, 1,500 bbls, petroleum, at Ss, 6d. Guxxy Crora was quiet and unchanged. Guwxy Bags were dull. Hors.—The market was firm, with sales of 100 bales, : Wo note at from 10c, to 36c., the outside price for very Hemp was Orm undor an increased de sales 2,500 bales ‘at from 10c. to 103%c.. in gold. Hives. —The was more active and prices were firm. The sales. embraced 10,000 California at 163¢c., ok: 7,000 Be Grande and 9,000 California salted on vat Har waa . We shipping at 95c. a $1 06, and chy bale $1.40 8 6h 5 also new at 650, « 80c., and straw at 660. 0 $1. Trom was dall'and é egg tyne ‘with a small business doing at 6c. 0 Cy for foreign. viaienae —The market was fairly active at advancing n nude. Cube ado, on private ‘tan aud 80 bide. mi on iva Porto Rico, at The. a 800. Navas. Stomgs.—Tho demand for fair, at $1 56. Po ay juiet at $6 60 a was q' a thin, and $6 a $6 75 for rope. Pitch was —Thi ot for linseed was fairly active, with salen of 1,000 bbls. at $118 in casks to $1 20 in bbls. Bleached winter sperm ‘in fair eat at $2 20 a $225; natural do. at $2150 $220, Crudo whale was quoted up to $110 0 $1.20 and wintor at $125. The market for lard olf lag We note sales of 1,200 —— at from $1 70 to on 'ROVIEIONS.—Rocei} beef, 185 do, pork avd 8 do. cut meats. rh poll gee ‘was more active, and prices were od with constdorable speculative eg The sales included 4,600 bbis. at $30 76 a $32 25 for new rom cheng $31 76; $27 a $28 for old Peng and regular; 76 a $23 60 for primo, and $23 50 a $24 for prime mess; also, for July and August, selicr’s option, 6,800 bbis. new mess, at $800 $31 7 . The beef market was more active, with sales of about 500 bbls—$10 a $14 for plain moss and $12 a $16 for extra mesa. Beef hams were quite scarce and firm, but inactive. Bacon was dull and nominal, Cut meats were a shade Ormer, with sales of 360 packages at from lic. a 16c. for shoulders, and 19c. a 22%, for hams. The lard market ‘was moderately active, and prices continued vi firm, with sales of 1,300 tierces and barrels at from 1’ 6 22%c., some holders asking for choice kettle ren Jota as high as 23c. Tho butter market was very firm, with more doing, at 26c. a 88¢. for State and 20c. a 270. for Vhio. Cheese was quiet, with a downward tendency, Closing at 9c. a T53¢c. for common to choice. Parraoiece was quiet, Wo quote crude 32c., and re- fined, in bond, 60c. a 51%c., and do., froe, at 7c. a 720. _ Ride was quiet and nominally um ed. We note fales of 250 bags Rangoon at 93¢c. a93c., and 100 tierces Carolina at 10c. SALT was very firm, with aslight change in favor of the seller. The cargo sales wero 16,000 bags Cetto and 16,000 do. Cadiz, on private terms. ' We quote Ashton's Liverpool fine $4 25, and Marshall's do. A 25. oa market was quiet, but without quotable change. Sudin.--The market was quict, but firm. The rales were confined to 650 hhds., inclu oie Cuba, at from llc. to 136.; 200 hhds, Porto Rico at 18¢. a 1dc., and 1,000 boxes Havana at llc. a 1c, Refined sugars were in somo request and very firm at 163¢¢. a 20}¢¢, Srruren was firm at 83. a Oc. for Lehigh and 0}¢c. for Silesian. Stzanwe was in fair request. We note sales of 108,000 ., at 20c. a 20%, and 80,000 Ibe. grease, at Llc. Deke ere has been Jees doin weok, but the market is strong an vails. Thore has more inquiry for some transactions have beén made on not tt jired. Sales for the week, 000 Ibs. at 00c a 70c., the latter for ine Ohio, 60,000 Tha. 62c, a 650, super und oxtra; 75,600 ‘Ibs. ies Mei oui 3 Fence, private tere 3h bales Donker do. Wiexny.—Recolpts, 68 bbls. The market was quiet but steady, with sales'of about 160 bbis., at $210, ivate terms Scizare of a Sup} UNITED STATES MARBH A Tory 21.—The United States vs. the Bark Dahomy.—In- formation having been received by Assistant District At- torney Allen on Thursday that the bark Dahomy, now lying at the AUantic dock, Brooklyn, was being fitted out for a slave voynge, a libel was led againat the vessct to-day, and Marshal Murray was directed to proceed on board ang take possession, The Marshal found that the vesso] Was sailing und 6 Portuguese be and that her officers and crew were all Portuguese and Spaniards. ‘Tho cargo consisted of lumber, flour, crackora, bacou, beef and othor articles such as are genorally used on slave voyages. Upon inquiry the Marshal learned that the jomy had been purchased in Havana by her t owners, And that it was their intention to hav jor registered in some port in Portugal, The capt crew were compelled to evacuate the ypggel Ona find re where, “The Tatler wil come up fof examination ina fow ey Meanwhile the veesel remaing in the custody of the United States Marshal. Bale of Wilkes Hooth's Theatrical Ward- robe. {From the Quebec Mercury, July 18.) The theatrical rarzitgbe belonging to John Wilk Beg th, in of "Proaid Ht fa , Fas wold hei totay Uy Bfdei tye re in ity Court me took place for the benrie of the partion who savéd the otfects from the wreck of the sdhgoner Marie Victoria, whereon they wert shipped at Monttoal, last fall, for kychmond, via Nasanu, ‘The prices which tho articles | brought wero far beyond their intrinsic value, for they re greatly damaged by sea water; and the princi Purchasers Wore persene buying ou’ apecniniion, His Hn ing cage, nearly ip pieces, was knocked down at $25 Many of tho spoiled dramatic costumes at 620 and cn, Gnd Dir alige ow6rdd at $676 each, THE NATIONAL DEBT. Suggestions of the Private Financiers of the Country. The Poor Men Anxious for a Chance. Amti-Jay Cooke Philosophy of the People. Anxiety to Get Rid of that “National Blessing,” a National Debt. Bum, Tobacco, Cotton, Calico, Silver and Cold Mines in Abundance Roady to Pay the: Debt, ke, hey ke. THE ROLL OF HONOR. Subscriptions for Paying Off the Na- tional Debt. Subseribers. ascend A. Watrous & Co., of Mystic Bridge. $50,000 James H. Cross, of Portchoster. ‘30,000 J. C, Rahming. 20'000 Trembley, Phelps & Co . 20,000 E. Folix Martino..... 20,000 First National Bank 10,000 10,000 10,000 J. B. Van Dei 10,000 C. Van Dousen, of Rondout. 10,000 G. N, Van Deusen, of Roni 10/000 J. L, Van Deusen, of Rondou 10,000 Received yesterday... $210,000 Previously acknowledged. 8,016,000 Total... sssseesercrees SUBSCRIPTION LETTERS. Rorvovr, June 2, 1865. Mr. Jauns Gorpow Bennett, Now York :— Drax Ste—You will please put our names down for one share a piece for each of our Orm, towards paying off tho public debt ($40,000). J. B. VAN DEUSEN, C, VAN DEUSEN, G. N. VAN DEUSEN, J. L. VAN DEUSEN, Druggists, Rondout and Kingston, N. Y. 10 THE EDITOR OF THR HERALD. Mystic Bripas, June 3, 1865. ‘We have watched with much interest the progress of your bold and novel project for paying off the national debt, and the movement receives our hearty sanction. Please set us down forfivo shares. Respectfully, yours, A. WATROUS & CO. Portomestsr, Westchester county, June 3, 1865. James Gorpon Barwatt, Eaq. :— Dran S1n—As I greatly admire your plan of liquidating our national debt, I am willing to do my share towards {t. Please put me down for throe (3) shares ($30,000), to be paid when three-fourths of the whole debt is sub- scribed. Yours, very respectfully, JAMES H. CROSS. New York, June 3, 1865. Jauus Gonvon Bewratr, Esq. :— Daan Sm—I highly approve of your schome for free- ing the country from debt and the people from taxation, and I fecl assured that it is my interest, as it is algo that of every other person, to give their quota of assistance to so laudable an enterprise, which, while it exhibits the national character in its true light, will also prove a pecu- niary benefit to the subsoribera personally and to the country generally. ‘Will you include my name in your list for two shares ($20,000), to be collected when three-fourths of the en- tire amount is subscribed for; and 1 trust the matter will prove so successful as to warrant an early call for payment. Your obedient servant, J. C. RAHMING. Nawaz, N. J., June 9, 1865. Jaume Gornvon Bewnert, Esq. :— Dear Sm—Many propositions have been sent to you with reference to paying off the national debt, and as this is a praiseworthy undertaking let me make a pro- posal which I think will meet your views better than any other yet laid before you, om account of its being the best parts of all the propositions heretofore made. I would recommend that two subscription books be opened in every prominent city ia the Union, the one to be called the senior subscription, of one thousand dollars per share, and the other the junior subscription, of ten dollars per share—those not able to take a one thou- gand share to take as many ten dollar shares as they fee! able to do, and wealthy men to take as many thou- sand dollar shares as they choose. This is much better than forming clubs to make up shares, and 1 propose that agents be appointed (voluntary if they can be ob- tained) to receive subscriptions; that each man give his tona fide note to pay on demand, and that his name, oc- cupation, residence and amount be placed on the faco of the note, or if cash is paid, the trustee be compelled to give his receipt for the amount, and in either case have the Sean en in item and name, published in two or throe of the most prominent papers of the place, and that monthly returns be made from ali agents and Published the Hera. ata ea so propose, in order to encourage the matter, t! two fine steot engravings be made, the one inferior to tho other, to desi them—one to be presented to every subscriber, his name and the number of shares and amount to be placed thereon, as a memento of his fidelity to his country. Each person, whon subscribing, should receive, whon he pays up, a receipt which entities him People are afraid to many ios op before them, they could and would, y ninety days, pay off the whole debt, and save ourselves much annoyance and interest. By giving the public these hints in any manner you choose you will much oblige one who will do all he can in monoy and exertion to accomplish the above object. Yours, respectfully, N. D. Piner Natiowat Bank, Dexven, Colorado, June 6, 1808. } Jauns Gonvon Baxxett, Esq., Now York :— Dean Sin—I desire to ‘vetong to the party who are wil- ling to pay off the cost of putting down thé late rebellion. I will take one share (920,000), provided onough can be obtained to clear the nation from debt, Rare. yours, vB. Ornos or Trewety, Purirs & Co., 136 Maren Lana, New York, June 8, 1865, as TO THR —Y7 or SER SERA, ie joase it we our frm wo 08 ea tae fund for Poving off the goverument 4 the whole amoun’ baie TREMBLY, PHELPS & CO, No, 262 Wret Forearm oer" } Lis, Yorx, June 3, 1865, TO THE EDITOR OF THE HERALD. You wil! please place me on ir Het for two shares in the Te ook im : pattonal a 2 = leavor to sul lon afriend ne: ra te ae are, PELIE MARTINE, TO THE R OF THR HERALD. ‘Your move to the national pO one. Tam but a small manufecturer, and will iy give two hundred dollars towards the object, Start the a rolling, and free us 5 UNION, 8r. Lo Tune 14, 1865, Coe James G. Bewwerr, ., Ne ns 0 BeeeerTh ‘pay’ $10,000 cowards paying the na- tional debt, as per conditions named. If the whole debt be provit for I will Deng ad $10,000. I hope the nation will respond, and thus show ourselves heroes in w "Rospect! ull rar and in peace. x“ R, M.D. May 80, 1806, } J RDON Bennett, i some Binet "pirtned that the eubsertptions on ac- it at of the national debt are on condition ats hare taken to cover it, On that condi- tion this bank take one sharo of $10,000, it boi one-tenth of our capital. ny ‘Will not every national ban! contribute a like amount—sa) one-tenth of their capital stock? Would it not be well for you to make the sugges tion? Yours, vory truly, hb CORBIN, President. Fr. Drawny, Va., Jane 3, 1865, 1 RAN ETT, ., New York :— “Fame cae a name Bi Uist of honor, with threo (2) lars ($30,000). Very respect shares, thirty thousand dol (8 ty % p+ As peo fully, 5 Co, A, First Connagticut Siege Artillery eae iad Vea, Tune 2, 1865, Mr. Tampa Gonpow Bawnetr:— . Dein *tk—Enoloved please find one dollar for the fin. coln Monument fund, and add my nace for one share pf ten thousand dollars subscription for paying off the na- tional debt, Your obedient servant A. ©. BARRY, 874 Pearl stroot. Partaverema, Juno 18, 1866. J. G. Bawwerr, Now York: — Dean Sin —l'sorne timo since gotteed your plan of pay- NEW YORK HERALD, SATURDAY, JULY 22, 1865. ing the national war debs by suba:"iptions of twenty thousand dollars cach, with which [ wa» pleased ; Dut the amount was too large for mo to take # sliaro tn tho grand scheme. : Now I see the shares aro reduced to ten thousn.' 40l- lars, I can subscribe for one share and suppose Unite.! Btatea loans of that amount will be taken in payment. { presume the subscribers will be exempt from income or war taxes pro rata for amount of res taken, for I should not fancy paying anything for the use or beacht of copperheads, several of whom sneer at the idea of the schome, and would not pay a red ont to it; but I think they and the Southern rebels should be made to pay the whole debt and interest. heirs avcrece, yours truly, WHITAKER. TO THE EDITOR OF THE HERALD. f Cricado, June 7. Being s constant reader of iY paper, and noticing joasure your exertions for the payment of our ational debt, you can have me to your list for ten thou- sand dollars, it being all that I can afford. It all through- out the country do tho best they can afford, your labora will be well rewarded, and you will recoive the thanks of the American people for generations to come. respectfully, ~__ JOHN DAVIS, Manager of Chicago Ernployment Association. No, 62 Nonta Sxoonp Srruxr, PauaveLrata, Juno 2, 1865, Jas, Gonvow Bawwnrr, Raq. -— : Dear Sin—Please accept our subsoription for ono share, ten thousand ($10,000) dollars, towards the payment of the national debi, ag por terms Seonnend. Yours, vory roaggetfully, LV & KEEN, SUGGESTIONS. To the Editor of the H Id. Trunton, New Jersey, June 3, 1865, Tho “Hasna plan’ to pay off the national debt. is a g00d one, so far as it goes; but can it not be much ex- tended? A very large proportion of the dobt must be pald from the inoome tax. Now, what I would propose is this: First—Find out how much of tho debt is repre- sented by each thousand dollars incomo as well'as the proportions otherwise represented. Second—Allow each man having an income to pay such. cum.as he may see fit, as a payment towards fare eg the national d to the collector of the district in which he resides, an tako a receipt therefor; auch receipt to nally free him from paying income tax on so much income as is re- nted by the amount pafd in, and that he recetve guch interest on the amount paid in as the government would pay on the amount debt paid Ly fences for the length of timo auch debt has to run before becoming due, Tbelieve enough men would thus surrender government bonds to relieve age et ay from a great portion, if not all the debt. offer this merely as a suggestion, boing ready and willing to shoulder my just proportion of the national debt whenever it ne! in such @ shape as to enable me to do so, T. W. W., Captain U. 8. A. Another Suggestion. TO THE EDITOR OF THE HERALD. We have seen in the Hoosier State a statement of your plan to pay off the debt of our government, and only demur upon the ground that you bring it within the reach of but few of the American people, whose hearts are entwined about the government, and have given and suffered much to preserve it from destruction by the ruthless hands of traitors. Desiring as we do to particl- pate in this good work of liberating thogovernmont from her great debt, and the people of these States from addi- tlonal taxation, we submit the following plan to tho peo- ple of the United States :— Let the inbabitants of all ourcities hold ward meetings on Satarday, the Ist day of July, 1865, and every town and township in every county and State in the United States convene on the same day in masa mecting, and let these meetings when thus convened appoint solicitors, whose duty it shall be to commence their labors on the 4th day of July, 1665, and solicit subscriptions to pay the national dept, receiving in subscription such amounts as each ia willing to give. Let Commodore Vanderbilt and others whose noble souls have responded to your proposition head the st with their princely oifers. t the heading of each subscription paper set forth the following conditions:—We, whose names are here- lunto annexed, agree to, pay for the liquidation of the national debt tho sum affixed to our names as soon as the sum of three thousand millions of dollars has been sub- scribed and the pledge of the government is obtained to all laws imposing a direct tax upon the people of the United States as soon as the above stated amount es pom pee into the Treasury of the United ‘and we fu agree that the it here sub- be obtained by fegal process ey adopting this two objects would be gained course “ ant. our national debt would be paid off, Mneressiralioy, ing the coutity fiom the burden of taxation; and, sec- o gph out re ondly, the itburst of patriotism in the peace has been accomplished our armies, would strike dumb tho Bations of Eu and extort from thom the confession that the United of North America ia not onlya groat uation, but the greatest nation on the earth. national ity is second only to the national life; and as the is prospered so are the le. ‘Tanne Havre, Ind., May 31, 1865. oe Proposal to Pay the Debt by a Loan Without Inte 6 0 THE RDITOR OF THE HERALD. Dsaz Sin:—Your plan” for obliterating the public debt, although ridioyled by some of your competitors for the supremacy poy san oe Ki SoaRLY, a ia an scheme, gotten up for effect, has mi vy the prowess Pt ry ion on the public mind—u; 19 whole nation, which las at So say att ee tiling the grka- dour of iteconception or denying the foasibility of its consummation. However, it ia obvious that the oppoal- tion with which it is met by a great many, from solfish, and various other motives, may in the ond neutralize the efforts and chill the hopes of the most sanguine friends of the great and (copeoee undertaking. But it must not be eee up #0. The creation of such a coronet as this would be to our achievements of the past four must not be impeded by anything that a bound- a disinterested patriotism and a just national pride can overcome; nor Ia it all at provable, judging from the @acrity with which it is impelled in its onward course, that the ball you have set in motion can now be checked a army of skeptics can do to prevent it. @ idee has taken a firm hold of the people, or, rathor, the people of no Amoricans if we do not “put it through’? in some shape or other. Still it must be remembered that, a# Mr. Solon Shingle would say, three hundred millions is a good deal of mo- ney—to give away; and it may be asking too much, even of the American people, to ‘‘come down’ to that extent. In this view of the subject it has occurred to me (and I should have presented these views to your consideration before, did I not fear your being annoyed with like com- munications in greater number than you would or could attend to), thet those who have shown themselves so Iaudably ready to give—absolutely give away sums of from ten thousand to five hundred thousand dollars— ‘would be as willing, and more so, to lond the government much greater sums, payable at an early future, without interest; and those who cannot afford, or do not feel dis- posed, to give, would cheerfully loan to a liberal extent on the same terms. In this mannor the roquired amount ‘can be raised almost beyond a doubt—the remission of their taxes being the incentive to guch lenders as do not act from purely jc motives, and this vital modification of the idea would accomplish the same end. Our interest account would be at once wiped ont, the army of tax collectors dispensed with, and only such an amount of revenue collected as would bear lightly and indirectly upon all of our people. We shall then only Tequire to ralee the current annual pon and the government, which will soon be tight, and a certain sum, say fifty or one hundred millions ad- ditional, a« ‘a fund to jually pay off this roally riotic loan. The first of these requirements, I should judge, can be raised by the usual duties on imports; in Sane ain the one or two of our lightest forms it be retained. facturing elemet acres wyaisg'e ton On nt, have anything . On the contrary, it would be @ paying transaction for al we eels pir taane easchenete commacr Wintaee are hundreds, thousands of mea, or fi whose anneal interest on their loan w! tax alone, to say nothing of the odious income and other tarea which world be abolished. If we cannot have the 000,000 as a national gift at the altar of constituti: Wberty, lot us have the loan without interest by all means. LB Naw Yors, June 4, 1865. A National Debt League. 0 THE BDITOR OF THE HERALD. Naw Yors, June 4, 1865. In order to carry out (he great work proposed by you to free our beloved country from the burdens of taxation & National Debt League has been organized. The plan, which has been entered into with great enthusiasm, will speedily be laid before the public, and will extend over the entire country where waves our noble flag. ‘The chosen head iso mau of the true Grant stamp— the man for the occasion. It ta desired that you ask some of your patrons to con- tribute the use of a sult of rooms for this object until suitable place can be procured. As means are necessary aoarenin object the sum of ten dollars Those bop ay names to the fees ill be required, gentlemon willing to wi jt! ansist and becomo identifi ‘with this great ke here, q and also those dosiring to take the lead in forming auxil! leagues in othor parts of the couatry are also dorired to send in their names as 5 Let 1 Me not just to encroach upon your valuable time and the «pace in your columns in future, yet we be- Heve tho deep interest you take in this glorious object will prompt you to place it before your readers in a favorable manner. G. CHRISTIE, Secretary N. D. &. The Her ‘s Plan, TO TUK EVITOR OF THE HERALD. New Yorn, June 16, 1865. he aus hm Do not abandon the grosteat project of Your tif, that of securing tho payment of the national debt, The man who accomplishes that will stand equal in fame with the Ider Napote borough or Warren Tastings. Why, with such rls rr) command, bave you muttered it % dio out, na it wore, In an instant? If you do not pursue the matter aa you promised it will indeed be looked upow 203 Broapwar ese mere Gatto Bennett, sraneee aie, Be, MBean, wil ena Silver Mines Ready to Pay the Debt With. TO TBE BDITOR OF THB HERALD. No. Tl Broapway, Room te New York, Juno 5, 1866. am © dally reudoe of our valuable journal, I note with much satisfaction the idea promulgated by you of PRY ing off tho national debt. The subject ig attracting, as bb deservedly ought, the attention of all clases. The plan proposed by Mr, Greeves commended itself to my attention. I can control a good silver mining property, in the Reese river district, and also a valuable gold mine in Colorado. Both of these properties I offer to place in companies, and appropriate all the profits over one and one-half per cent. per month (not five, as suggested by your ndent), to be applied to the extingu'shment of tho public debt. The one and one-half per cent. per month to go to the capitalists who may furnish funds for working capital. I shall (eo! a pride in organizing these two companies at once, if parties will oome forward and ald me with funds for working capital, T. MOORE. Anvothor Plan. 70 THB KDITOR OF THK HERALD. T think @ plan may be suggeated which will secure tho voluntary payment of the most if not all of the national dobt, The following I deem practicabie, not only because highly economicad to the property holder—and therefore likely to be adopted, provided opportunity be afforded— but highly advantageous to the government, because of its nos to supply ready funds without recourse to loans fe oredit: Lat Congress authorize overy taxable inhabitant voluntarily to py, into the Treasury of the United States a sum, which, as’ principal at six per cent Intereat together with such principal, would pay up to July 1, , an annual amount equal to the last year's or coming year's tax, including bis income tax, and that euch taxpayer, on the payment of such principal amount, receive the certificate of the Treasurer therefor, exempt- ing him and his ty forever from all taxation for sbuliey ort Decree debt. sa Jot all Coes eras oe pay a larger_amou: entitled to alike cortificate of @: ig eg Thus omary volunteer would be enabled to pay his just share of ihe national debt, or ag much moro as he thought proper, without be- ing subject to the payment of tho large per coutace for its collection under the oxisting provision for that pur- pose, which will not be less aix por cent on the amount. Such a measure would secure the desired result in my opinion, Z. i) Make Cotton, Rum and Tobacco Pay the National Debt. TO THE EDITOR OF THE HERALD. Pormit me to suggest: 1st. A tax oncotton, spirits and tobacco as high as is consistent with maximum revenue, to be appropriated to the dobt until it is paid. 24. That the subscription be on condition of the above appropria- tions, and no other condition, 8d. That the government sell personal annuities for stated times, or for lives, Thia will get part of the stock out of the market, and, by sup- plying an urgent want of the people, will draw in much . In making the first suggestion, I deem {t proper to say that I am a free trader, and do not consider it incon- sistent with freo trade principles, because cotton is tural monopoly of this country, upon which we hav power to levy a tax, and because spirits and tobacco are nuisible luxuries, and docmod by most nations propor and convenient subjects of taxation. J. K. FISHER. Allow me to suggest that your plan for paying the na- tional debt gives the wealthy man an undue advantage over the poor one. I object to any rich man, or any number of rich men, paying my debts. I object to being deprived of the honor and ploasure of doing my part in #80 important a use, and I also object to being one of an in- definite number to make up one ten thousand dollar share, Every loyal and intelligent citizen, however poor he may be,.wili consider 1! at once a duty and a privilege to pay his portion of the national debt;"but he ought to be allowed to hand it directly to the government, and not be called upon to do it mediately through others. Lot, therefore, the millionaire give according to his inclina- tion and ability ; let the poor man’s mite forthcoming in jike manner; let all the amounts con- tributed go directly into,the bands of the government, and let the Sécretary of the Trea- sury give cach man an ackno' ent of the sum received from him. Every loyal ci will have that acknowledgment handsomely framed and hung in his beat ‘and it will deacend an heirloom 1n the family, of which future generations will be justly proud. The only advantage which the ten thousand dollar sharo has is that there will be leas cost of collection; but the debt is national, and its payment should bo na- tuonal se and be made in true republican spirit, not one , ‘We are a business community, and with the hearty good will with whioh all loyal men will co-oporate thero need be little more delay in collecting from the entire people than from a limited number of wealthy men, 8 much larger amount can certaialy be obtai PaiwapeLrais, June 2, 1865. E. F. Exemptions from Taxes Wanted. TO THE EDITOR OF THE HERALD. Your plan of purchasing exemptions from taxation is more practical than thé subsoription plan. One can be made the adj of the other, however. With many valuable suggestions in your columns, allow me to make one. It is to have it so arranged that mon of means down. to $5, or of an estate, Purchase exemption at a ome jure. Millicna fron our mountains and vil- lages would find ita way. into the lap of the government that otherwise would not be reached, A SUBSCRIBER. — Just tor the Honor. 10 THU EDITOR OF THS HERALD. In regard to the payment of the national indebtedness 1 wish to make a few suggestions which I conceire to be perfectly practicable, and which, according to my judg- mont, would secure more money than any other method I have seeB proposed. The fundamental idea is this: That th ent, havi en the enterprise an official \igeatonen accept rekon feous ene Sioa oes to contribute in sums of five een "p. we (so as to give ev one an Inctedes in the eat of Hover”) with the understandin; that, should the project, succeed, the goveramont wi publish in a neatly bound volume or volumes the name of each subscriber and the amount subseril and fur- nish to all a copy of this national would reoord, whi become historic, on receipt of the actual cost of publica tion. There can be no objection to twonty thousand, ten thousand, five thousand, &c., shares; but there are thou- sands thousands who would cheorfully give in pro- portion Se Se a ee danave mice these |i sume, and yet, in reality deserve more credit, consider- ing their possessions, than the twonty thousand sub- scriber, In executing this plan tet ge: i ome (without salary) in every district in United States to and I honestly believe that in one year at furthest the whole amount would be realized. To stoutd tts peut approval lee rt and fumvesee 7 “BHEARSPEARE Of Now Jersey. Joxm 3, 1965. 4 Pay the Debt in Bonds. 70 THE SDITOR OF THE HEBALD. Naw Yorn, Juno 4, 1865. I do not think that your correspondents have yet ox- hausted the subject of commuting the national debt, It is imagined by some that we cannot raise enough money to buy up the debt; also that holders of bonds would not be willing to part with them until due, and, therefore, we should purchase only greenbacks and circulating notes. Why? The five hundred millions of currency are no burthen at all to the people, but, on the contrary, are at once a loan to themselves—to tho government—with- and an extended medium of commercial ex- vernment should have without interost than that capital- ists of State banks should charge the people interest for The rn Oe dol rough any sympathy for our institutions, but because they believed it a good speculation, This country should not sacrifice its credit at such @ discount; and if wo may buy up bonda at the end of the optional term of five or ton yours by giving one hundred cents on the dollar it would seem proferable to let them run their full term of twenty or forty yeara. But the interest on them being so high would impoverish the nation, and our re doo J would be @ tax on exports of the South (which caused the war), such aa cott tobacco, rice and naval stores—the two former of which w® pos- monopoly in production. But the constitution forbids a tax on exports, and the great democratic party of this country have always held free trade (at loast in exportation) aa a cardinal a England tas been at war with China on this question, and our government, tinder dernocratle régime, have forced the doctrine by a demonstration of force, aa in the case of Perry’ expedition and, to some extent, in the Parag i expe- dition, I posed to @ tax on @: ‘18 a8 a recom- ane fe purchase of our bonds Pra unt by Foreigners, on the principle of natural law—the law of pations—which demands the right to purchase the pro- ducts of climes mutually, according to tholr necessities, ata fair oxchange, But we can have recourse to a high tariff of importation to keop the balance of trade in our favor, and, at the tncrvnced wages of production (which {tis the interest of the nation to uphold) we can make up, to some extent, for the Mbsence of an export duty and for the drawback, allowed to exporters, of such du- ties as are tmposed under the Internal Revenue law, The prinvipal aitn of those who dosire to offect a reduc- tion of taxation should be directed to the doing away with the costly, oambersome and annoying machinery of the internal revenue collection, It is too inquisitive and arbitrary for Cp agg ret fotiers gel hey the ox- use of collection is itself @ tax on the people. si Vox POPULL Keep 1t Up. TO THE BDITOR OF THE HERALD, New York, June 6, 196. Whore isthe “Roll or Honor?! Will the Hreauo tet this thing prove only & grand fizzle, and therany cover ttaolf with contempt only, of will it hoid the American people wp to this groat duty? If suffored ta remain as it A it will provoke only the scorn of the world, and the Harn will bo hold sccountable for nok doing i'4 duty by forward this C08 It never again attempt anything in the wi ~ Plaw e Pay Much of the Debt as Malis Das fi Pot 897. TO THB EDITOR OF THE HERALD. : Harum, June 6, 1865, Thave @tchod with a great deal of curiosity the ve rious plans pos forth in your widely extended journal, with reference Paying off the national debt, which every body wishes wa’ Paid off and out of the way. If you will bear with me oc? momont 1 will add my sug> gestion, and if tt does no gods {t most assuredly will de no harm, In your valuable table in Monday'® fasuel see we have $1,108,113,841 80 bearing interest in coin, which ts $64,490,489 50, and $1,053,476,871 04 bearing lawful over yraytie re $00,158,384 62, making a total of $2,161,590,212 84 bearing interest, Now there is dae of this, at the pleasure of the government, in 1866 and 1867, $1,319,435,410. Now I pro that noxt yoar, when the Internal reve ‘nue or io tax is dae, that yd individual ie average of the past two years of the amount that he pay directly into the Treasury, without any rub bing off by the tax gatherers, five times that amount, or the tax for five years in advance, which sum w reaoh not far from the $1,319,435,410 due in 1866 1867. This would leave of tho Interest bearing debt bus about $360,000,000, which we could take care of as it be» came due, and those paying the five years in advance should be free from tax for the said five yeara, and receive a certificate to that effect from the Treasurer. Or, a8 ® further inducement, if there is not patriotism enough a the people to do this, let the government muke to indi viduals paying the five year tax a discount of three or five per cont; and if they would come up as they Id we would pay off, with the deduction above mem tioned, $1,260,000,000 in 1866 and 1867. We are now, with the war over, in = not very favorable cond There are as great e-fnies in our midst as ever J Davis was to the covatry, and if the people are not care ful extremely bad consequ: neces may ensue, Wo hear insinuated that tho dobt will be repudiated None but the greatest enemy of the country should thinls of such a thing, Was there ever @ country like this—- rich in every ramification and abundantly able to pay? ‘And overy honost man and patriot must say wo will i Let us call the man a traitor who would dare rob ep pore servant girl, the widow and orphan, the nan 1 means who has carofully saved up his fifty or bis hundred dollars and invested it in a government bond. I, for my own part, would hide my faco with shame te bea party to an act like nd blush to own by 4 country, And if it should be agitated in the journats the day you would soon aoe the three hundred millions held in Europe returned to this country again; and let tho nation again get in trouble and call for money, whe do you suppose would respond? Tho reply would ba, ta proved faithless once; I will not trust you agaim lonesty is the best policy for the nation to seo Give Us Alla C TO THE EDITOR OF THR HERALD. ‘The proposition to pay off the national debt meets the approval of the whole nation. It quickens the pulse and imparts a glow of honest pride to the brow of every true patriot, while at the same time it blanches afresh the cheek of the loathsome, red-handed traitor, The Project isa fitting Onalo to the holy cause which this mighty pation has so triumphantly and at so great ssert- fice vindicated. But, sir, there are thousands who will be Jealous of this Be honor, envious of the priviloged fow who can subscribe so large an amount as $20,000, There are associations, societies, clubs, individuals, who can and will swell the aggregate if only placed within their reach. Give usalla chance. We would net stay the $20,000 or the $100,000 shares. Yet we would have it in ourreach todo somothing ourselves. Do yor Editor canvass and put forth some practicable m forthwith whereby the working man i aid the cause, ‘What a glorions Fourth of July it will bo when peace shall reign within our borders throu; ghont the longi and breadth of the land, and the national debt pald | Give alle chance. Disposition of the People to Pay Off the Debt. TO THE EDITOR OF THR HERALD. New Yorn, June 5, 1868, As the propositions from yourself and others which have appoared in the Huratp for the past few days show a dispogition on the part of the people to cancel the national debt immodiately, I bog to offer you the follow. _ ing plan in order to accomplish that groat objoct—Lat the government cause to be made, as soon as conventent, ‘an assosament of the entire amount of real and personal property of the whole United States, except governments Property, then put a direct raid rata tax on the owners: of Poy tt a A that will yield in the $2,000,000,000. ‘Then those that desired to cancel portion of the dobt at once should be allowed to do tn] receiving from the government a Foren full, rel them from all Fr liabilities on score. in maki citizen, white or black, be! of twenty and sixty, whose pro rata tax at least $100, amount, to be and every fei between whose property will not yield forty dollars, shoulc }s taxed that from the proceeds of labor. This the le of the South an sreeveney, real and personal pi ie will nok yield acoordl tothe thotr labor, those ages, on the pro rata tax at ‘mou! down, and which thoy believo will not tast than a year or two, except by the will of the aristocracy? Tm shame ge mediate payment or repudiation Ho! for Happy Days Again! TO THE EDITOR OF THE HBRALD. ‘The plan you propose for delivering us from the fright * ful incubus of taxation is admirablo, I ses you have generously opened your columns for suggestions fact tating the great project, and I avail mysolf of the opportunity, as I consider the subject of stupendous tm- portance. ° I think there will be no difficulty dn immediately raising the funds for paying off the public debi, provided some plan can be adopted whereby every subsoriber can be ap sured that the sum he subscribes be faithfully employed in the paying off of said debt, I would thon propose thas ‘a subscription list be opened for ten dollars aud upwards, ‘As soon as the requisite sum has been subscribed, lot the amount subscribed be paid into the national this proviso that unless the full amount for the off of the public debt be mado up within a certain say one year, the said moneys paid be subject to with+ drawal again by said depositors in case the amount fer liquidating said debt be not raised. A sufficiont amouns having beon deposited, let the several banks notify the Secretary of the Treasury of the fact, who will proceed ( forthwith in the Le ee of the debt. In there an individual subject to taxation to be found who will not fully enter into an onterprise like thist ear ‘his tax is one hundred dollars @ year, or one dollars, or more. If ono hundred dollars a year would he not be willing to subscribe one hundred dollars, or evem five hundred dollars, to have the burthen of tax forever to cease? This dreadful tax is an incubus or nightmare upon all. It sucks i fot ne opments by ain our yy pa us in tl rouns fling for existence during our whole ree Beaneen wo k to you as the great jector and financial savior im these trying times. Pi us through thestorm. Pilot us on the way in your generous colurans of information till we arrive at the destined port of rest, free from the Proasure of taxation and the concomitant exponses of ite officers. What will the world say of this nation when this enter. prise succeeds?—a nation discharg:ng ® public debs @ $2,636,206,758 in ono day! Well ne a ‘we sing :— \ Hail, Columbial happy lan Hail, ye heroes, heaven born band, Who fought and bled in freedom's cause, And when the storm was o'cr, Enjoy'd the your valor won! Heroes in war b; al trumph of our arms & nation unequalied in the world hy its consecration to the publio welfare; by its monoyed capitalists combining remove the onerous incubus of debt from its weaker model repubifo, The sun of ite glory, when thi deed shall have been coumiminsled, will indeed. through the clouds and darkness that hover over i) SS is RI raat Kj pA land of lor, liberty, ght ant can eit under his own vine and his own ieee smoke the calumet of aes with @ ne monarch to molest, and no taxgatherer to equocns the lnat drop of blood out of his heart. light work, Meee cettn any ace tnived with the heart —_—_ (apitoR OF THE AERALD. New Yous, June 4, 1968, Am—In the initiation of the highly patriotic ae a 4 ing off the national debt you have certainly blinked the diffloulties by which the subject is attended, ‘At the same time you feel, no doubt, and many mon feeb with you, that vigorous popular eitort hos a wonderful powar of gotting over the obstacles of theorists, If one croaker says there is not enough money to the country, a hat success would bs Fuin and not benefit, some, grote Guiome 1s phlanthrople but feotiah, others that it ia growsly unfair, sisaple, firung-minded mon, not prone ie ereh for stumbling blocks but well Atted to surmoutit , them, answer to all that, ‘Wheto there's a will there's @ way," aud “Te oan never do hari to pay out doubts" Will you allow mo to throw one of two ights on the gravity of the undortakii ‘And point out the Ce ae 4 and natural effoct of this gigantic purpose on the pert j 4