The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1864-09-02
HE sEvEN-TH,RrIEs-w ARE
HEYi

HE sEVEN-TIItRrtEs-w ARE
TEyt
We trust that a large portion OF our
readers have pondered the Appeal of
Mr.. Fessenden, our new Secretary of
the Treasury. The purport Of it is
that tue People of the United States,
acting as body through their agent
the Government wish individuals to
lend them two hundred millions of
dollars for three years, at seven and
three e-tenths per cent, annual interest
payably 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 for a great national pur-
pose, to effect which every man, I'M
less he be traitor in heart if not in
act, is solemnly pledged.
The Appeal is addressed not mere
| " 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 asked 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 country, no investment is so
desirable as this.
1t is secure. Every dollar of eve
ry mans property is pledged for the
punctunl payment OF the interest, and
of the debt when due The security
is increasing in value. For some
wears 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 labor, we have
earned more than ever before No
man who could or wonld 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 CEN
sns of 1860, was Sl6,159,000, 900, of
which S10.95744S,9 ,956 was in the
Loyal States. This valuation, accor.
ding to the usual rule of assessment,
was not more than two-thlrds of the
actual cash value of the property
The increase OF property IN the 10y
al States during the last ten years was
over l2G per cent. or an average OF
X Il m
three years of the war we Of the Uni
ted States have certainly earned 5000
millions more than we have spent
apart from the war. The cost of the
war may he set down at 1000 millions.
Dcducting this from ournet earnings,
the People who are security for this
loan are 1000 millions richer to-day
than they were when the war broke
ont.
No other Investment can be so ca
silly convertible. The man who has Il
Treasury note for $50, or 500, or
$1,000, can turn it into money moro
readily, and upon better terms, than
if it were invested upon bond and
mortgage, or in railroad stocks.
The interest offered is higher thar
can be realized from any other saf,
and convertible Investment 1t is
more over, readily coliectahle when
due. To each note are affixed five
coupons. or interest tickets, due nj
the expiration ofcach successive half
year. The holder of Il note has sim
ply to cut off one OF these coupons
present ii at the nearest bank of Gov,
ernmcnt Agency, and receive his in
tcrst the note itself nepl not be pre-
sented at all. Or coupon thus pay
able will everywhere be equivalent
when due, to money.
Thus, while this loan present grea
advantages TO large capitalists, it OF
fers special Inducements to thos,
who wish to make n safe and profit
able investment Of II small saving, |
is in every way the best Savings
Bank for every institution of thi,
kind must somehow invest its dcpos
its prolitably in order TO pay inter
est and expenses. They will inves
largely in this loan, as the best invest
ment. But from the gross interes
which they receive they must deduc
largely for the expenses Of the Bank
Their usual rate of interest allowcr
to depositors is 5 per cent. upon sum
over $500. The person who invest
directly with Government will receiv
almost 80 per cent more. Thus til
man who deposits $1,000 in privat
. Savings Bank he receives rs dollars
For those who wish to find a safe
convenient, and profitable means o
investing the surplus earnings whicl
they have reserved for their old age
or for the benefit of their children
there is nothing which presents s
many advantages as this Nations
Loan.
: 1t is convertible into n six per ccnt
h. gold bearing bond. At the cXpirG
: tion of three years holder OF th
= notes Of the I 40 loan has the optic
OF accepting payment in full or c
4. funding his notes in six per cent
gold interest bond, the principal pay
able in not less than five nor NOR
than twenty years from its date as tn
b Government may, elect. For 81
d months past, these'bonds have rang
ed at an average premium of abor
eight per cent. in the New York maj
ket, and have sold at 100 to day An!