Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1864-08-13
The New GoV6rnmsnt Loan.

e. The Secretary of the Tressury-or rather
the People of the United States acting
through Mr.. Fessenden-ask for a loan of
Two Hundred Millions Of Dollars upon
these terms: The Government, that is the
People, gives its notes for three years with
interest at the rare Of seven aud three
tenths per cent, payable half yearly.-
These notes are drawn for amounts vary
ing from $50 to $4,000, so that any man
who has fifty dollars to invest can lend it
to the People of the United States at rate
of interest higher than he can receive from
any other safe Investment. 1'a
The Security is absolute. Every dime of
the wealth of the People, worth in gold at
this moment not less than twenty thousand
millions of dollars, and in spite of the
waste of war constantly increasing, is
pledged for its payment. The man who
holds fifty, or hundred, or thousand
dollars in these notes, holds 6rst mortr
gage upon every dollar of the whole wealth
Of The People. ."
This loan is the most comfortable invest
ment possible. II one lends money upon
bond aud mortgage, or invests it in rail
road, banking, manufacturing or mining
stock, he can never be sure that at the
moment he wishes to realize he can ind
purchaser. The value OF such investments
changes from day to day. Now the Bulls
have it, then the Bears. Between them
the investor is likely to get only one shell
of the oyster, the meat of which has been
sucked out by Wall Street operators. But
notes really drawn and endorsed by the
People of the United States must always
have a permanent and nearly uniform
value. The holder of Que can know almost
to o dollar XIV much il will bring in the
market. The lender, moreover, has the
choice Of makiug his investment tempo
rary or permanent. At the end of three
years he can, at option, receive back his
loan, interest already paid, or can exchange
it for a Government bond pay able in from
Eve to twenty years. This loan is thus the
best Savings Bank. go. .n ID
The IntereSt is larger than can be gained
from any other safe investment. Savings
Banks pay Eve per cent. Money can hard
ly be safely placed on bond and mortgage
at six per cent. The people in this loan
offers almost seven and a half
4 The Interest ia easily colLeetdbLe. The
lender has not to hunt for his debtor. To
each note, great or small, are attached
Coupons" or interest tickets. These,
when due every six months, may be cut
off aud presented for payment at any Gov
ernment Agency. They will be the best
money, for any merchant or banker will be
glad to receive them. The rate OF interest
Is not arbitrarily fixed. 1t amounts to eX-
actly two cents day for every hundred
dollars loaned. Thus the man who lends
the people thousand dollars receives every
day from them twenty cents, or $73 year.
If he deposited the same money in a Saw
ings Bank be would receive $50 year,
with precisely the same security, since
these Institutions must invest their deposits
in the best manner possible and no in
Vestment is 30 safe IS loan to the people.
In every point of view this Government
loan--even apart from the patriotic motive
of maintaining the cause TO which every
man not a traitor has pledged his means,
life, and honOr-Is the best and safest iu-
yestment possible.