Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1864-08-23
The en-Thirties What are thew

"etru'l that large proportion Of onr read.
ees have Pondered the Appeal of Mr.. Fessendeo
our new Secretary OF the Treasury. The pureor,
OF 1t is that the People of the United States. ac,.
ing asa body through their agent the Govern.
meni, wish individuals to lend them two b,o
dred mllionslof dollars for three years, al .e,o,
and three-tenths per cent. annual interest. nay,.
bic every six months. For this they offer lrr,..
ury No.es-thst is, 10 reality, notes drawn and
endorsed by every man in the country. The loan
is wanted for great national purpose, to effect
which every man, unless he be traitor a. heart
II not ia act, is soemnly pledged
The Appeal is addressed not merely 10 d tew
great capitalists, but also to the many whose ,g.
gregaie means constitute the mass Of The wealth
of the land. The notes upon which this lo.n +,
asked are from $50 upward. Every man who
has fifty dollars Can take part in this loan, Apart
from patriotism and the duty which al owe TO
their country no investment is SO desirable as
this.
1t is secure. Every dollar of every mans Do.
perty is pledged for the punctuaI paymen, Of the
interest, and Of the debt when due The security
is increasing 10 value. For some years before the
war We were earning 1000 millions year more
than we spent During the three years Of ,he
war, owing to the high prices and constant demand
for labor, we have earned more than ever before
No man who could OF would work has been idle
and, except for the war, we have spcu, less thaa
before. The total valuation II the property Vi
the United States, according to the census " s6.,
was SO lj9,000,00O, Of which Sl0,gj74is,9j6
WAS IN the Loyal States. This valuation, acc id.
ing to the usualrule Of ass ssment was not more
than two-thlrds Of the actua cash salu 81 ,ls
property The increase Of property IN The Loy.
States during the last ten years was over l26 per
cent, or an average Of II clio per cent per az
num. 10 three years Of thu war we Of the Uaiel
States have certainly earned 5000 million. more
than we have spent apart from the war. TIE cost
Of the war may be set down at 1000 millions
DeducIing this from our mel earnings, the Peop7
who are security for this loan are 1000 mill. u,
richer to-day than they were when the war br0ae
out.
No other investment can be so easily convert
bic. The man who has a Treasury note for 50
or 800, or $1,000, can turn il into money more
readily, and upon better ,erm', than If it were
invested upon bond and mortgage, or in railroad
stock.
The interest offered is higher than can be real
ICED from any other safe and convertible invest.
ment. 1t is, moreover, readily colec,able when
due. To each note are affixed five coupons. "
or interest tickets, due at the expiration OF each
successive bal-year. The holder Of note has
simply to cut off one of these coupons. presen, i
at the nearest bank or Government Agency. and
receive his interest; the note itself need 10, be
presented at all. Or a coupon thu, payable will
everywhere be equivalent, when due, to money.
Thus, while this loan presents great advantage
to large capitalists, it offers special inducements
to those who wish to make safe aud prof bile
inve'tmen, Of small saving. 1t /. in every way
the best Savings Bank Tor every institution %
this kind must somehow invest its deposits profit.
ably IN order TO pay interest and expenses. They
will invest largely in this loan, as the best invest
ment. But from the gross interest which they
receive they must deduct largely for the expenses
oil the Bank, Their usual rate of interest allowed
to depositors Is per cent upon sums over $500.
The person who invests directly with Goyernmen,
will receive amo t so per cent. more. Thu, ,he
man who deposits $1,000 in private SAVING
Bank receives so dollars year interest; il he de.
posts the same sum in this National Savings Bank
he receives 70 dollars. For those who wish to
mud safe, convenient, and profitable means OF
investing the surplus earnings which they have
reserved for their old age or for the benef, of
Their children, there is nothing which presents So
many advantages as this National Loan.
It's convertible into six per cent. gold.bear.
Ing bond. AT the expiration Of three years
helder Of the notes OF the 7-S0 loan has the option
OF accepting payment in full or of funding h..
notes mi six-per cent gold interest bond the
payable in not Iess than five nor more
'han twenty years from its date as the Govern.
ment may elect For six months past, these
o'nd' have ranged at an average premium OF
ABOUT eight per cent. in the New York market.
md have sold at 100 to day (Aug l2,h), thus
hlNng the real rate Of interest over ten per cent.
md besdas, to make the inducemenl even greater
j1ngre's by special act exempt, its Treasury
totes from stated aud municipal taxation. Could
'hyock ask more' Was patriotism ever SO lib
rally rewarded '-Harptrs Magazine.