The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1864-08-31

ana, except Tor the war;, We have 6pen'
less than before. The total valuation Of
the property of the United States. accord.
ing to the census of 1860, was $16,159,
900 200, of which $40 ,957 ,448 1856 was
in the Loyal States. This valuation, &C
cording to the usual rule of assessm emit,
was not more than two-thirds of the act
uai cash valae of the property. The in
crease of property in the Loyal States du
ring the last ten years was over 1875 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 earn
ed 5000 millions more thar 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
1000 mil ions richer to-day than they
were when the war broke out.
No other investment can be so easy
convertible. The man who has a Treasu-
ry note for $50, or S100, or $1,000, can
turn it into money more readily, and
upon better terms, than if it were invest
ed upon bond and mortgage, or in railroad
stocks.
The interest offered is higher mar can
be realized from any other safe and con-
vertible investment. It is, moreover,
readily colIectable when due. To each
note are affixed five "coupons," or interest
tickets, due at the expiration of each sue
cessive half year. The holder of a note
has simply to cut off one Of these coupons,
present it at the nearest bank or Govern.
ment Agency, and receive his interest;
the note itself need not be presented at
oil n ., 0pn fh,o ~orohla will ava
rywhere be equivalent, 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. It is in every way the best
Savings Bank; fo- every institution of
this kind must somehow Invest its depos-
its probably in order to pay interest and
expenses. They will invest largely in
this loan, as the best investment But
from the gross interest which they receive
they must deduct largely for the expenses
of the Bank. Their usual rate of inter
est allowed to depositors is 5 per cent.
upon sums over $500. The person who
directly with Government will re-
ceivc almost so per cent. more. Thus
the man who deposits $1,000 in a private
Savings Bank receives so dollars a year
interest; if he deposits the same sun in
this National Savings Bank he receives
70 dollars. For those who wish to find a
safe, convenient, and profitable means of
investing the surplus earnings whichthey
have reser ved for their old age or icr the
benefit of their children, there is nothing
which presents SO many advantages as
this National Loan.
1t is convertible into a six per cent.
gold-bearing bond. At the expiration of
three years a holder of the notes of t l c
7.30 loan has the option of accepting pay
nent in full CT of funding his notes in a
six per cent. gold interest bond, the prin.
cipal payable in not less than five nor
moro than twenty years from its date as
the Government may elect. For six
months past, these bonds rave 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 ma
king the real rate of interest over ten
per cent; and besides, to make the in
ducement ven greater, Congress by spe-
cial act exempts its Treasury notes from
state and municipal taxation. Could Shy
lock ask more? Was patriotism ever so
rewarded?-Hdrper's Magazine.