Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1864-08-25
The 7-3O's-What are Thev !?

/ r.
body through their agent the Govern
ment, wish individuals to lend them two
hundred millions of dollars for three
years, at seven and three-tenths per
cent annual interest payable every six
months. For this they offer Treasury
Notes-that is, in reality, notes drawn
and endorsed by every man in the
country. The loan is wanted fora great
national purpose, to effect which, every
man, unless he be traitor at heart if
not IN act, is solemnly pledged.
The appeal is addressed not merely
to few great capitalists, but also to the
many whose aggregate means constitute
the mass of the wealth of the land
The notes upon which this loan is ask
ed are from $50 upward. Every man
who has fifty dollars can take part in
this loan. Apart from patriotism and
the duty which all owe to their coun-
try, no investment is so desirable as this.
1t is secure. Every dollar of every
mans property is pledged for the pune
tual payment of the interest, and of the
debt when due. The security is ilcreas-
ing in value. For some years before
the war we were earning | 1000 millions
a year more than we spent During the
three years Of the war. owing to the
high prices and constant demand for la
Dor, we have earned more than ever be-
fore. No man who could or would work
has been idle; and, except for the war,
we have spent less than before. The
total valuation Of the property of the
United States, according to the census
OF 1860, was SIG, 159,000,000, of which
sl0,957 ,448, 956was in the loyal States.
This valuation, according to its usual
rate of assessment, was not more than
two thirds Of the actual cash value of
the property. The increase of proper
ty in the Loyal States during the last
ten years was over 1876 per cent, or an
average Of II 6-l0 per cent. per annum,
In three years Of the war we of the
United States have certainly earned g.
600 millions more than we have spent
apart from the war. The cost of the
war may be set down at 1000 millions.
Deducting this from our net earnings,
the People who are security for this loan
are ] 600 millions richer to-day than
they were when the war broke out
No other investment can be so easily
convertible. The man who has Urea
sury note for $50, or 500, or 81, 200,
can turn it into money more readily, and
upon better terms, than if it were inves-
ted upon bond and mortgage, or in rail
road stocks.
The interest offered is higher than
can be realized from any other safe and
convertible investment. 1t is, more
over, readily collectable when due 10
each note are affixed five coupons, or
interest tickets, due at the expiration of
each successive half-year. The holder
of note has simply to cut off one OF
these coupons, present it at the nearest
bank or Government Agency, and re-
ceiye his interest; the note itself need
not be presented at all Or coupon
thus payable will everywhere be equiv
alent, when due, to money.
Thus, while this loan presents great
advantages to large capitalists, it offers
special inducements to those who wish
to make a safe and profitable investment
of small saving. 1t is in every way the
/ best Savings Bank; for every institu-
ton Of this kind must somehow invest
its deposits proftably in order to pay
interest and expenses. They will invest
largely in this loan, as the best invest
ment. But from the gross interest
which they receive they must deduct
Target y for the expenses Of the Bank
Their usual rate of interest allowed to
depositors is 5per cent. upon sums over
$500. The person who invests directly
with Government will receive ain ost SO
per cent. more. Thus the man who de-
posts $1,000 in a private Savings Bank
receives 90 dollars year interest if he
deposits the same sum in this National
Savings Bank he receives 70 dollars.
For those who wish to find a safe, con
venient, and profitable means of invest
ing the surplus earnings which they have
reserved for old age and for the benefit
Of their children, there is nothing which
presents so many advantages asthis Ma
tional Loan.
1t is convertible into a six per cent.
gold bearing bond. At the expiration
Of three years q holder of the notes of
the 7-30 loan has the option of accept
ing payment in full or of funding his
notes in a six per cent gold interest
bond, the principal payable in not less
than five nor more than twenty years
from the date as the Government may
! elect. For six months past, these bonds
have ranged at an average premium OF
about eight per cent. in the New York
market, and have sold at 100 to-day
(Aug. 12th), thus making the real rate