1655

Cleveland Morning Leader, 25 January 1864 (ed; 9 inches) ~ See original
p.2, col.1 ~ View at ChronAm

1655 - L. Jan. 25; ed:2/1 - Success has attended the popular five 20
loans and secured the sympathies and loyalty of many. This indicates
the faith of the people in the stability of their government. This
loan has been procured at a lower rate of interest than is paid on the
previous loans.
The love of money is no doubt a root of evil, but also may be made
a root of much good in uniting under one nationality a people who might
otherwise be rent asunder by the fierce commotions of sectional interest
and sectional prejudice. (9)

No index terms.

1656

Cleveland Morning Leader, 31 March 1864 (ed; 7 inches) ~ See original
p.2, col.1 ~ View at ChronAm

1656 - L. Mar. 31; ed: 2/1 - Congress, after spending months in making
Buncombe speeches, is beginning to think the financial credit of the
government is of some importance.
"We trust they will seriously take hold of the work and put new
vigor into the national finances." (7)

Index terms:

U. S. Congress

1657

Cleveland Morning Leader, 12 April 1864 (ed; 7 inches) ~ See original
p.2, col.1 ~ View at ChronAm

1657 - L. Apr. 12; ed: 2/1 - The work of popularizing the national debt
is being renewed with great success in the sale of ten 40's. This
loan is being taken up at the rate of over a million a day.
"We urgently commend this new loan to the people of Ohio." (7)

Index terms:

Ohio

1658

Cleveland Morning Leader, 2 May 1864 (ed; 4 inches) ~ See original
p.4, col.2 ~ View at ChronAm

1658 - L. May 2; ed:4/2 - "Ten-forty" bonds are being advertised. No
more desirable investment can be made at the present time than these
bonds. The whole nation is pledged to the payment of these bonds. The
government debt is one-fourth of that of Great Britain at the close of
her great war in 1816, in proportion to the properties of the two
countries. "When the "Ten-forty" bonds are due, with our present ratio
of increase in national wealth, double our pres?nt national debt would
not be a charge of five percent on the property of the country. "We
therefore earnestly commend to all our readers this new popular loan
of which but 200 millions are to be taken. This is a patriotic way
to serve your country." (4)

Index terms:

Great Britain

1659

Cleveland Morning Leader, 17 May 1864 (ed; 15 inches) ~ See original
p.2, col.1 ~ View at ChronAm

1659 - L. May 17; ed: 2/1 - The public debt of the country is
$1,730,870, 140.83. Whether the national debt can be paid is to be
considered in the light of the experience passed through by European
countries.
Mr. Stebbins of New York, in a speech on national finance, took
the ratio of increase in the value of the property of the entire Union,
excluding the assessed value of the slaves from 1850 to 1860, and
calculated that in 1870 we shall have 35 billions of national wealth,
and in 1880, 80 billions.
"The danger is not in our ability; it lies in the partisan reck-
lessness which counts national integrity and honor as a small thing,
preferring repudiation to an honest discharge of obligations incurred in
a noble and patriotic cause." - - (15)

Index terms:

New York

1660

Cleveland Morning Leader, 25 June 1864 (1 inches) ~ See original
p.4, col.2 ~ View at ChronAm

1660 - L June 25:4/2 - The nineteen-40 bonds are still before the pub-
lic and over $70,000,000 have been taken. (1)

No index terms.

1661

Cleveland Morning Leader, 1 July 1864 (ed; 3 inches) ~ See original
p.2, col.1 ~ View at ChronAm

1661 -- L July 1; ed:2/1 - Reports are that Mr. Chase resigned because
Congress refused the necessary funds to carry on government affairs.
It is to be hoped that enough money can be raised through taxation
for necessary expenditures, and that Chase will withdraw his resigna-
tion. - - - . . . . . (3)

Index terms:

Chase, Salmon P.; U. S. Congress

1662

Cleveland Morning Leader, 2 July 1864 (ed; 7 inches) ~ See original
p.2, col.2 ~ View at ChronAm

1662 - L July 2; ed:2/2 - The first result of Secretary Chase's res-
ignation was to produce unsettled financial feeling. Increased gold
and produce indicates the markets are affected. Senator Fessenden -
succeeds Chase, and enjoys the reputation of financial ability which
will do a great deal to restore public faith. Congress and the coun-
try should give Fessenden undivided support. - - (7)

Index terms:

Chase, Salmon P.; Fessenden, William Pitt (senator); U. S. Congress

1663

Cleveland Morning Leader, 5 July 1864 (ed; 5 inches) ~ See original
p.4, col.1 ~ View at ChronAm

1663 - H July 5; ed:4/1 - Mr. Fessenden as chairman of the Senate Fi-
nance Committee, has had abundant experience, and has proved himself
to be "a thoroughly worthy and competent man." • * - (5)

Index terms:

Fessenden, William Pitt (senator); Senate Finance Committee

1664

Cleveland Morning Leader, 4 July 1864 (ed; 5 inches) ~ See original
p.1, col.2,2 ~ View at ChronAm

1664 - L July 4; ed: 1/2,2 - William Pitt Fessenden, long a political
figure, now our new financier, has courage and a good mind. He favors
extensive taxation because people prefer it to paying higher prices.
on articles of consumption. . . (5)

Index terms:

Fessenden, William Pitt (senator)

1665

Cleveland Morning Leader, 13 July 1864 (6 inches) ~ See original
p.2, col.4 ~ View at ChronAm

1665 - L July 13:2/4 - Secretary Fessenden's appeal for a loan to con-
tinue the war and to avoid having our finance involved, should be ap-
proved by the people of the nation. If people refuse to loan the
government their money, it must issue currency which will depreciate
in proportion to the amount issued. -
"Resolve to do a patriot's part by contracting your business opera-
tions, collecting your dues, and lending every possible dollar to
your country." - (6)

Index terms:

Fessenden, William Pitt (senator)

1666

Cleveland Morning Leader, 15 July 1864 (ed; 5 inches) ~ See original
p.2, col.1 ~ View at ChronAm

1666 - L July 15; ed: 2/1 - Bankers in New York city seem to favor Sec-
retary Fessenden's new financial policy, which will probably be a
lcan of $50,000,000 or $75,000,000. "In whatever policy he adopts, it
is the duty of all men to give him their support, financial and moral." (5)

Index terms:

Fessenden, William Pitt (senator); New York city

1667

Cleveland Morning Leader, 27 July 1864 (ed; 9 inches) ~ See original
p.2, col.1 ~ View at ChronAm

1667 - L. July 27; ed:2/1 - Secretary Fessenden proposes a new loan
of two hundred million in treasury notes, to be issued in denominations
from $50 to $5000, and in blanks or payable to order, as may be ordered
by the subscriber, and to bear interest, which will be more valuable
than greenbacks. . . . . . .
"It is the duty of all citizens to take an interest in this new loan.
There can be no better investment of money than an investment which,
while yielding a liberal profit to the holder, enables the government to
meet its expenses and reduces the price of all the necessaries of life."
(9)

Index terms:

Fessenden, William Pitt (senator)

1668

Cleveland Morning Leader, 29 July 1864 (ed; 9 inches) ~ See original
p.2, col.2 ~ View at ChronAm

1668 - L. July 29; ed:2/2 - The new loan for $200,000,000 called by
Secretary Fessenden, is one of great importance and should be supported
by the people if the war is to be carried to a triumphant success. If
people will support the government, prices of articles may be reduced,
the value of government bonds increased, and the finances of the
nation be placed on a basis as sound as any in the world.
"If peace shall come within the coming year, as we ardently hope,
these bonds will be worth their full face in gold...." (9)

Index terms:

Fessenden, William Pitt (senator)

1669

Cleveland Morning Leader, 6 August 1864 (ed; 5 inches) ~ See original
p.2, col.2 ~ View at ChronAm

1669 - L Aug. 6: ed:2/2 - "Men should remember that Capital owes a
duty to the nation, and those who have money in banks or speculation,
and are unwill ing to lend of their means to the government in this
hour of trial, should remember, that in case of a failure of government
to sustain finances, Bankruptcy is declared, and they will be the heavy
sufferers." (5)

No index terms.

1670

Cleveland Morning Leader, 9 August 1864 (ed; 5 inches) ~ See original
p.2, col.1 ~ View at ChronAm

1670 - L. Aug. 9; ed: 2/1 - The hope and future of the country depends
upon the efforts of the people to lend to the government every cent of
money they can spare, however small the amount.
"The loyal people must feel that the responsibility lies with them.
Copperheads as a rule, are ready to embarrass the Treasury even unto
bankruptcy." (5)

Index terms:

U. S. treasury department

1671

Cleveland Morning Leader, 12 September 1864 (ed; 4 inches) ~ See original
p.2, col.2 ~ View at ChronAm

1671 - L. Sept. 12; ed:2/2 - The eage raess with which Europeans are
buying federal bonds seems to be upsetting the Rebels, who have built
up hopes of our Financial failure.
"The world is beginning to realize that there is a permanency to the
Union and that the ability of this nation to pay a debt is unequaled by
any nation on the globe." (4)

Index terms:

Confederacy

1672

Cleveland Morning Leader, 30 September 1864 (ed; 3 inches) ~ See original
p.2, col.1 ~ View at ChronAm

1672 - L. Sept. 30; ed: 2/1 - Rapid decline in gold has stimulated purchase
of government bonds. "If you are looking for a good investment, there
is none better than U. S. Bonds. If you wish the speedy overthrow of
the rebellion, strengthen your Government with the money necessary to
give incessant vigor to its financial interests." (3)

No index terms.

1673

Cleveland Morning Leader, 29 October 1864 (ed; 2 inches) ~ See original
p.2, col.2 ~ View at ChronAm

1673 - L. Oct. 29; ed:2/2 - The Rebels are so anxious about our finan-
cial stability that European capitalists have been warned against in-
vesting in our bonds.
"This, in the face of our resources, is the most ridiculous perform-
ance that has yet taken place in Richmond. The resources of Pennsyl-
vania alone are worth more than all England." (2)

Index terms:

Pennsylvania; Richmond Va.

1674

Cleveland Morning Leader, 18 November 1864 (ed; 4 inches) ~ See original
p.2, col.1 ~ View at ChronAm

1674 - L Nov. 18; ed: 2/1 - A correspondent of the London TIMES thinks
that the Germans are unwise to invest their money in our government
bonds. "The truth is, however, the Germans are wiser than the John
Bulls. The stubborn Englishman is jealous of the good fortune of his
German neighbors who are buying six percent gold bearing bonds for
just half price, realizing as much as twelve percent on the dollar.
The Germans are wise just as our own people are." (4)

Index terms:

London, England; London TIMES