Bradford reporter. [volume] (Towanda, Pa.) 1844-1884, 1861-10-24
THE NEW NATIONAL LOAN.

THE NEW NATIONAL LOAN
Our advertising columns show to our read
ers that that the Secretary of the Treasury has
appointed an agent in this place. to receive
subscriptions to the New National Loan Of
Treasury Notes We understand that num-
ber of subscriptions have already been taken,
and good many inquiries in regard to the loan
arc being made by persons who express de-
termination to take some Of it.
We can point with particular pride to the
namber of our citizens who have gone forth at
the call of their country, to defend its Govern
ment, and we sincerely trust that the spirit
which prompted so many of our brave men TO
leave their homes, will also animate those who
remain, to come forward and contribute the
means to maintain aud keep in the field our
brave army.
The Loan is Justly called the Popular Loam
it is intended to be the loau of the people
to their Government, and wherever agencies
strong desire, by all classes, to subscribe. AL
ready the subscriptions from those whose means
are moderate, to this Loan amounts to over
$25, 900, GOO, and is daily increasing. Among
the subscribers are workmen in factories, shoe.
makers, aborers, servants, both male and fe
male, in fact almost every branch of honest
industry numbers by hundreds its members on
the subscription list.
The Loan possesses all the essentials of pOpu
lar loan In the first place, it is SGfe Loan.
1t is the Government that pledges the faith
and wealth of the Nation. What is our wealth
worth without our Government OF what
value is our property either real or personal,
without our Government? consequently if The
Government is not safe, no investment under
the Government is safe-no personal security
nor real estate security is worth anythIHg 1t
the Government is worthless. 1t possesses,
therefore, in a remarkable degree, tn first re.
quisite--that of safety-It is profLable Loan,
the rate of interest it pays is larse-thIs III
vestment is payable semi-annuaIly at New
York or Philadelphia, aud the Agency here
will pay the holders in this neighborhood-the
principal is payable in three years, in gold, or
the holder can convert it into two year six
per cent. Loan which when our present troub
les are at an end, will undoubtedly command a
premium of from twelve to fifteen per ceut.-
This was the case under the administration OF
President PIERCE when the Treasury Depart
ill hu has ciytr
them at eighteen per cent. premium.
Our present troubles will undoubtedly be
brought to a close within a year, and the Go.
vernment be established on a firmer basis than
issued with its coupon attached, that is cut off
every six months and paid-the rate of inter
est is conveniently calculated, viz One cent
a dny for $50, and should the holder want to
realize on it. it can always be sold, or it can be
used as collateral security for temporary loan.
In this respect it ditfeIS from any security or
loan like a mortgage or judgment.
These are some few considerations which
commend this Loan to every one whose means
will enable him take little. 1t is issued in
sums of $50, 500, $500, 81 1000, 5000, and
each one can subscribe for whatever amount
their means will allow. 1t is the duty of each
one to do something to maintain the Govern
ment, the use of money is an all-important and
essential reqnsite. and those who remain at
home can testify their confidence and patriot
ism in this way, aud we hope that there will
he large list from this County.