Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1864-09-03
Tns seven lrBifass-what are They,


We trust that a large portion Of our
readers have pondered the Appeal Of Mr.,
Fessenden, our new Secretary, d, the Treas.
lnry,, The purpott Of IL is that the People
Of, The United States acting as a, body
through their sgent lhe Government, wish
ipdiyidnals to ledd them Two bubdred mits
lions Of dollars for three years, at seven and
tbreestenth per cent annnat Interest, pay
able every six months, For this they offer
Treasury Noes hat Is, 10, reality, notes
drawn and endorsed By every man in the
country. The loan is wanted for o. great
national purpose Ito effect which every man,
unless be be traitor at heart ifnot 10 act,
is soemnly pledged a1 Oh .. ''--ts
The appeal is addressed not merely to
few great capitalists, but alo 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 up.
ward. Every man who has filty dollars
eau take part 10 this loan Apart from
patriotism and the duty which above their
country, no Investment Is 30 desirable as
this. s17s " 10 's1l5 q ".'1 n--' -
1t issecpre. z Every dollar Of every mans
property is pledged for the punctualT pay,
ment OF the Interest, and of the debt when
due. The security is increasing in value
For, soTe years before the war we were
earning 1000 millions year than.
we spent Durning theithree years Of the
var, owing 10 the high prices and constant
demand for labor, we have eafned more
than ever before, No man who could OF
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 16, l59 00o,00 of which $l0.-
957 .488, 557 was in theLoyal States. This
valuation acc riding TO the usual rule of as
sessmeut, was not more than two.thirds Of
the actual each value of the property. The
increase of property in the Loyal States
during the lost ten years was over l26 per
cent, or an average Of l26 10 per cent.
per annum. In three years of the war we
of the United States have certainly earned
5000 millions more than we have spent
apart from the war. The cost Of the war
may be set down Mt 9 900 millions. De-
dueting this from our net earnings, the Peo
pie who are security for this loan are 900
millions richer to-day then they were when
the war broke out. ,i-Is.U f-HA 4d t
ao No other investment can be so easily
convertible. The man who has Treasury
noie for $50. or 500 or $1,000, cah lnrn
/. it int o monty more readily, aud upon bet.
ter terms than d Ii it were Invested upon
bond and mortgage, or in railroad stock.
The interest offered is higher than can
be realized from any other safe and con
vertible investment. n.It is, moreover,
readily colleclabe when doe. 10 each
note are nffixed FIVE coupons, or interest
tickets, due at the expiration Of each suc-
cessive half-year. The holder OF note has
simply to cut off one of these coupons, pre-.
seut it at the nearest bank or Government
| Agency, and receive his interst; the note
itselfn not be presented at all. Or q
coupon thus payable will everywhere be
equivalent, when due, to money. 7d 60 if1
Thus while this loan presents great ad
vantagesi to large capitalists, il offers
special inducements to those who wish TO
make q safe and profitable investment ot
small savings 1t is in every way the best
Saving Bank; for every institution of this
kind must somehow invest Its deposits pro-
6tably in order. 10 pay interest and ex-
penses. They will invest largely in this
loan, as the best investment. But from
The gross 5interst which they receive they
must deduct largely for, ,theBxpenses of The
| Bank. Their usual rate of interest allow
cd To dep6sitors is s. per cent. upon sums
over $500. The person wh % invest directly
with Government will receive almost DO
4 per cent more. Thus the man who deposits
4 81 600 in private Savings Bank receives
60 dollars a year inierestj if he deposit the
same sum in this National Savings Bank
be receives 10 dollars. For those who wish
, to find safe convenient, and profitable
means of investing the surplus earnings
which they have reserved for their old age
or for the benefit OF their children, there Is
nothing which presents so many advantages
as this National Loan. 'Hl 9di 81 14.
1t is convertible into six per cent gold
bearing bond. At the expiration OF three
years holder of the notes of the 1880 loan
hos the opti6h OF accepting payment In full
or of fnnding his notes in o six per cent.
gold interest bond. the principal payable
| in not less than FIVE nor more than twenty
years from its date as the Government may
elect. For six months past, these bonds
have ranged at an Average prerhiun OF
about eight per cent. in the New York
market, aud have sold as high as 100. thus
making the real rate of Interest over ten
per ceut and besides, to make the induce
ment even greater, Congress by special acl
txempts its Treasury notes from gStsteianC
municipal Ia xation. Could Shylock asl
morel Was patriotism ever SO liberall.
rewarded I o7gas t5'as