The Grand Haven news. [volume] (Grand Haven, Mich.) 1858-18??, 1864-09-07
The soven-Thirties---what are They9

| NoSO"uOh, Oui new ptcIelHTy Ol thc
Treasury. The purport Of il is that the
People of the United States, acting as
body through their agent, the Govern
ment, wish individuals to lend them two
hundred million of dollars, for three years,
at seven and three tcnlhs per cent. annual
interest, payable every six months. For
this they offer Treasury notes-that is, in
reality, notes drawn and endorsed by ev-
cry man in the country The loan is
wanted for n great national purpose, to
effect which every man unless he be n
traitor at heart, if not in act, is solemnly
pledged.
The Appeal is addressed not merely TO
few great capitalists, but also to tho
many whose aggregate means constitute
the mass Of the wealth of tho land. The
notes upon which this loan is asked arc
from 500 upward. Every man who has
fifty dollars can take part in this Ioau.---
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 every
mans property is pledged for the pune
tual payment Of the interest, and Of the
debt when due. The security is increas-
ing in value. For some years before the
war we were earning 1000 millions
year moro than we spent. During ths
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 would work has been
idle; and, except for the war, wo have
spent less than before. The total valua-
ton Of the property Of the United States
according TO the census of 1860, was
$10,159,0O0,0 ,000 of which $40, 7,448-,
956, was in the Loyal States. This val
uation, according to the usual rule of as
sessment, was not more than two-thirds
of the actual cash value of the property
in the Loyal States during tho last ten
years was over 1876 per cent, or an aver
age Of IL CLIO per cent. per ahDum. In
three years of the war we Of the United
States have certainly earned 5000 mil
lions more than we have spent apart from
the war. The cost of the war may bo
set down at 1000 millions. Deducting
this from our net earnings, the People
who are security for this loaii arc 1000
millions richer to-day than they wero
when the war broke out.
No other investment can bo so easily
convertible. The tnan who his a Treas
ury note for $50, or 500, or $1,000, can
turn it into money more readily, and up
on better terms, than if it were invested
upon bond and mortgage, or in railroad
stocks.
The interest offered is higher than car
be realized from any other safe and con-
vertible Investment. II is moreoverj
readily collectable when due. To each
note are affixed five coupons" or inter
est tickets, due at the expiration of each
successive halfyeah The holder Of n
note has simply to cut of one Of those
coupons, present il to the nearest bank or
Government Agency, and receive his in
terest; the note itself need not be prestpt-
ed at all. Or a coupon thus payable will
everywhere be equivalent, when due, to
money.
Thus, while this loan presents great
advantages to large capitalists, il offers
special inducements to those who wish 10
make safe and profitable Investment of
small savings. 1t is in every way tho
best Savings Bank; for every institution
of this kind must somehow invest its de-
posits proftably 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 ushal rate of inter
est allowed to depositors is 5 per cent
upon spps. over $500. The person who
invests directly with Government will re-
ceive almost fifty per cent. more. Thus
the man who deposits $1,000 in private
Savings Bank receives $50 a year in
terest; if he deposits tho same sum in
this National Savings Bank he receives
73 dollars. For those who wish TO find n
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.
Ii is convertible into six per cent.
gold-bcering bond At the expiration
Of three years holder Of the notes of
the 7-3o loan has the option Of accept-
ing payment in full or Of funding his
notes in ask per cent. gold interest bond,