The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1864-08-23

w ttuN tsai a large portion d
our roaiyr have POWDERED de- Ap
pea q Nj ndsu. our new Scc.
Rotary 81 tbe Treasury The por.
port ~ d Is tbat the People q Tile
Uaiied States, acting Is body
tafaush lhelr ageo she Government.
wish individuals Do lend ihcm two
huudred million 81 doIbis lor dtee
at eve. and thrlc.teahs rer
annual interest payable every
months For Ills they oler
rlea,uty No,s that S, in reality
note, drasn aud endorsed BY every
man ID he country The loan i
wanted lor grea, national purpose,
% effect which every man, unless lie
be a traitor AT heart if not in act, is
solemply pledged.
Tie Appeal is addressed not mere
~ 10 a few great capitalists, but also
4. 70 ne many whose aggregate means
constitute the mass Of the wealth OF
the land. The notes upon which this
loan is asked are from $50 upward.
Every man WHO be- iliy dollars can
take par, in this loan. Apart from
patriotism and the duty which al owe
10 their country, no investment is SO
desirable as this.
II is secure. Every dollar Of eve
Try mans property is pledged for the
pnnctual payment Of the interest, and
Of the debt when due, The security
is increasing in value For some
years before the war we were earning
/ / 600 millions a year more than We
spent. During the three years OF the
war, owing to the high prices and
constant demand for labor, We have
earned more tllan ever before. No
man who could or would work ha.
been idle; and, except Tor the war
we have spent less than before. The
total valuation of the property Of the
United States, according to tue census
Of 1860, was SlG,lj9,00d000, Of
which j7,4i8,9j6 was in the Lo,
al States. This valuation, acc riding
TO the usual rule OF assessment. was
not more than two-thirds OF the actual
cash value Of the property. The in.
crease Of property in the Loyal States
during the last ten years was over
4 l26 per cent, or AN average OF II 6.l0
fper cent, per arnum. In three years
OF the war we OF the United State,
have certainly earned 5000 million,
more than We have spent apart from
the war. The cost Of the war may
be set down at 1900 millions. De.
Quoting this from cur net earnings, the
People WHO are security for this loan
are 900 millions richer to-day than
hey we're when the war broke out.
No other investment can be 50 ems
ily convertible The man who has q
Treasury note for $50, or Sl00, or
i $1,000, can turn il into money more
readily, and upon better terms, than
Iifit were invested upon bond aud
mortgage, or in railroad stocks.
The interest offered is higher than
can be realized from any other safe
and convertible investment. II is,
moreover, readily colleclable when
due. 70 each note are affixed FIVE
coupons" or interest tickets, due al
he expiration of each successive halt
\ year. The holder Of note has
simply TO cut Oft one Of these coupons,
present il at.the nearest bank or
Government Agency, and receive his
interest the note itself need not be
/ presented al all. Or a coupon thus
payable will everywhere be equivalent
when due, 10 money.
Thus, while this loan presents great
advantages 10 large capitalists, il Of
lrrs special inducements TO those who
wish to make a safe and profitable in
yestmenl of small saving. 1t is in
every way the best Savings Bank !;
| for every institution Of this kind must
somehow invest its deposits prolitably
10 order TO pay interest and expenses.
They will invest largely in this loan,
as the best investment. But from
the gross interest which they receive
they must deduct largely for the ex-
penses Of the Bank. Their usual rate
81 interest allowed 10 dePositors i 5
per cent, upon sums over $500. The
person who invests directly with Gov
eminent viii receive almost so per
cent more. Thus tie man who de-
posts $1,000 in a private Savings