Posted on 03/23/2021 6:07:40 AM PDT by Homer_J_Simpson
WASHINGTON, Friday, March 22.
A MESSENGER AT SUMPTER.
A dispatch has reached this city from Charleston, which states that Dr. Fox, of the United States Navy, a special messenger from the Government to Major ANDERSON, had reached that city, and had visited Port Sumpter by permission, in company with Captain HARTSTEIN. Of course the exact nature of his mission was not publicly known, but there was little doubt that it related to the evacuation of the Fort. The Charlestonians were much excited relative to the visit, and developments were awaited with much anxiety.
THE PROPOSED EIGHT MILLION LOAN.
The Secretary of the Treasury issues to-day the following proposition for an eight million loan, which it is understood is all additional that will be required for the service of the present fiscal year:
TREASURY DEPARTMENT, March 22, 1861.
Sealed proposals will be received at this Department until 12 o'clock at noon on Tuesday, the 2d day of April next, for $8,000,000 of the stock of the United States, to be issued under the act of Congress of the 8th of February last.
This stock will bear interest at the rate of 6 per cent, per annum, payable semi-annually, on the 1st day of February and July in each year, and will be reimbursable in 20 years from the 1st day of January last.
The proposals should be indorsed on the envelope, "Proposals for Loan of 1861," and be addressed "To the Secretary of the Treasury, Washington, D.C." They will be opened and decided at the time above stated. No offer can be accepted for any fraction of $1,000, nor will any offer be considered unless one per centum of its amount is deposited with any depository of the United States, subject to the order of the Secretary of the Treasury.
(Excerpt) Read more at nytimes.com ...
First session: November 21, 2015. Last date to add: Sometime in the future.
Reading: Self-assigned. Recommendations made and welcomed.
Posting history, in reverse order
https://www.freerepublic.com/tag/by:homerjsimpson/index?tab=articles
To add this class to or drop it from your schedule notify Admissions and Records (Attn: Homer_J_Simpson) by reply or freepmail.
Link to previous New York Times thread
https://freerepublic.com/focus/f-chat/3944188/posts
Sealed proposals will be received at this Department until 12 o'clock at noon on Tuesday, the 2d day of April next, for $8,000,000 of the stock of the United States, to be issued under the act of Congress of the 8th of February last.
This stock will bear interest at the rate of 6 per cent, per annum, payable semi-annually, on the 1st day of February and July in each year, and will be reimbursable in 20 years from the 1st day of January last."
One bogus argument by our Lost Causers is that Lincoln was so desperate for Federal revenues he needed Fort Sumter to collect tariffs to keep Federal government running.
In fact, revenues from Charleston in 1860 were under $300,000 or about one half of one percent of total Federal income ($56 million).
This loan of $8 million, along with other income, will keep the government running for at least several more months.
The Federal government, unlike the Confederate government, is not expected to have any trouble selling its debts in financial markets.
This particular "civil war" is among various newspapers and features the great Battle of Fake News by the New York Tribune in claiming to originate stories from Charleston, SC, when it seems they were actually writing from the basement of their New York offices.
Proof is: the Tribune concocted a story about Jefferson Davis visiting Charleston when, if fact, he hadn't.
So, fake news in 1861? Who would'a thunk it? ;-)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.