The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1864-08-12

the very best and strongest investment
they could possibly make. fit we're pos
sible to contemplate the financial failure Of
the Government, no bank would be any
better or safer. Savings banks that allow
their depositOrs but five per cent. can only
pay interest or principal in greenbacks or
notes of State banks. Banks of issue and
discount cannot ask or get anything better
than Government paper in payment of Gus.
TONERS notes, and they prefer it tO all
other, for they are compelled to redeem
their own notes in that paper as the circu-
latlng medium next to specie in value. BY
the issue of this loan, the United States
Treasury becomes Sdoings bank for the
people. There are none stronger-none
more solvent, and not one that pays 90
literally f r the use OF money You may
deposit fifty dollars or fifty thousand. The
more you put in, the more you will aid
and strengthen the Government, and the
more valuable will be the remaining cur
rency of the country.
ITS Liberal INTERRsr.-The general
rate OF interest is six per cent, payable an
nually This is seven and three.tentbs.
payable semi-annunNv. IF Won lend ON
mortgage, there must be- a Searching If
titles, lawyers fees, stamp dut;es and de-
lays, ana you Viii finally have returned to
you only the same kind of money. YOU
would receive from the Government and
less OF it. If you invest in this loan. Won
have no trouble. Ii there is no National
bank at hand, any banker will obtain il
for you without charge, and pay you the
interest coupon at the end of six months as
q most convenient form of remittance to
his city correspondent. If you wish to
borrow ninety cents on the dollar upon it,
you have the highest security in the mar
ket to do it with. If you wish to sell, it
will bring you within fraction of cost and
handy to have in the house.
It's CoNvBRnB LITy INTO SIX PER CRvr.
BoND.- Here comes an advantage that must
not be lost sight Of At the expiration of
three years holder of the notes of the 7 80
loan has the option of accepting payment
in full or of funding his notes in six per
cent. gold interest bond, the principal pay
able in not less than five nor more than
twenty years from its date, as the Gov
eminent may elect. For six months past.
these bonds have ranged at an average pre-.
MUM of about eight per cent. in the New
York market, and have sold at 100 to-day
(July 20. Before the war, q s. six per
cent stocks SO d at much higher rate
and were once bought up by the U. 8.
Treasury under special act Of Congress
at premium Of not less than twenty per
cent. There is no doubt that this option
OF conversion is worth at least two or three
pc" cent per annum to the subscriber to
the loan, thus increasing the actual rate of
interest to about ten per cent. Notes of
the same class issued three years ago, are
now selling at premium that fully proves
the correctness of this statement
The Secretary of the Treasury has been
told that he must "buy money at the
highest rate necessary to command it &"
that he should sell bis obligations for what
they would bring, so rs to lead the mar
ket; but the Secretary will do no such
thing. If Shylock bought bonds at 90 in
August, he would demand a concession of
another ten per cent. in September, and
twenty in October, until he would finally
offer to lend only the interest and keep
the principal. II Government securities
are worth anything, they are rio ,ly worth
all their face calls for in gold, and
the country is not SO poor in spirit or in
purse as to submit to any such sacrifice IS
ShylOck demands. There is but limited
supply of money seeking investment at
any time, and the Government offers to
pay literally for its use. At the rate of
seven three tenths per cent per annum, to
say nothing of the collateral advantages, it
is the strongest borrower in the market,
and every feeling of interest, as we'll IS
patriotism and duty, should induce our
readers to invest it's loans.