The Alleghanian. [volume] (Ebensburg, Pa.) 1859-1865, 1864-08-18
The New National Loan.

Our country, contending in life and
death struggle with an iniquitous and
gigantic rebellion, her garments all red
with the blood of her children, seeks to
overcome her deadly foe, and establish,
and perpetuate, within the limits designa-
ted by our fathers, the institutions they
devised, and for which they freely periled
everything they could call their own,
putting their existence in jeopardy, endu-
ring privation and toll, burdening them
selves with debt, facing the cannon's
mouth, and giving their lives willing
sacrifice at the altar of freedom En-
deavoring to establish, or rather reestab-
lish, the governmental fabric called into
being by the sagacity of our progenitors,
it is more than reason asks that we should
make no demands upon the future, nor
leave any part of the burden to be borne
by those who will reap most of the benefits
accruing from our triumph Being justi-
fed, therefore, in leavinga part--and that
the lightest part-of the burden to fall
upon o coming generation, we ask you,
fellow countrymen, whether or not you
are willing to become creditors of your
own and your neighbors' children, whose
lands, whose goods, and the labor of
WHOSE hands are all pledged for the
redeApkian of their debt? And now if
you have any mind to lend of your SUBJ
stance to aid in tine suppression of this
revolt against the nations authority, we
ask you to read the following:
By act Of Congress, the Secretary of
the Treasury is authorized to contract a
loan of two hundred millions of dollars,
payable three years from Aug. 18th, 1864.
The advantages Of this loau are as follow
/. You will receive semi-annually seven
and three-tenths per cent interest, "a high
er rate Of interest, with better secu-
rity, than is given by any institution or
person now bidding for your money. In
all our cities, those banks are considered
the safest which pay their depositors in
U. S. notes; and they can pay in nothing
better, for their stock consists in securities
payable in Government paper. Yet they
may fail by fraud, bad management, or
misfortune and at best, they offer you for
security assets in Government paper or
its equivalent. But by investing in this
loan, you avoid the danger of banks
failure, and get an investment at least
one and three tenlts per cent. greater than
any, even the poorest, most unstable
ding IN the land sCM dare openly to give.
Ii. Should you wish at any time to
convert your bonds into money, you can
do so with ease and without loss, for the
discount on Government bonds is almost
always less than that on the bonds of any
corporation or private person. Should
any financial trouble happen you, your
bonds would be good in payment; or, if
preferable, could be redeemed speedily at
any National bank.
III. The taxation On money at interest,
due by bonds or notes, amounts in the
aggregate to about two per cent. yearly,
but from this, all government bonds arc
free, being exempted by act of Con gress
from all local taxation.
". They are convertible (whenever
you may desire SO to convert them) into
U. S. bonds, payable at any time within
from five to twenty years at the option of
the u. S. government, and bearing au in
terest of six per cert. payable in gold,
both principal and interest.