Urbana union. [volume] (Urbana, Ohio) 1862-1872, 1864-08-31
The soven-Thirtios-what are they J

We trust that large portion OF our read
rs have pondered the Appeal Of Mr.. Fessen-
den, our new Secretary of the Treasury. The
purpopt of it is that the 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-teuths per cent. an-
nual interest, payable every six months For
this they offer Treasury Notes---that is in re-
ality, notes drawn and endorsed BY every
man in the country. The loan is wanted for
great national purpose, to effect what every
ma , III less he be traitor at heart if not in
act, is solemnly pledged.
The Appeal is addressed not merely to a
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 City dollars can take part
in this loan. Apart from patriotism and the
duty which all owe to their country, no in
vestment is so desirable as this.
1t is secure: Every dollar of every mans
property is pledged for the punctual payment
Of the interest, and of the debt when due
The security is increasing in value. For some
years before the war we were earning 1000
millions ayeaF more than we spent. During
the three years of the war, ewing 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, ex-
cept for the war, we have spent less than be-
fore. The total value Of the property OF the
property Of the United States, according to
the census of 1860; was SIG I59.oO0O0O, OIL
which S1O95z4489 956was in the Loyal States
This valuation, according 10. the usual rule o.
assessment, was not more tfan twe-tsirds o.
The actual cash value of the property. The
increase of property in the loyal States du-
ring the last ten years was over 126 per cent
or an average of y Clio per cent. per annum
In three years ofthe war we of the Emitted
States have certainly earned 5000 millions
more than we have spent apart from the war
The cost of the war may beset down at200C
millions. Deducting this from our net earn,
ings, the People who are security fOr this loan
are 1000 millions richer to-day than they were
when the war broke cut.
No other investment can be so easily con.
vsrtible. The man who has Treasury note
for $50, or $l0O, or $1,000, can turn it into
money more readily, land upon better terms
than If it were invested upon bond and mort
gage, or in railroad stocks:
The interest offered is higher than can bt
realized from any other safe and convertible
investment It is, moreover, readily collect
able when due To each note are afixedfv'
coupons" or interest tickets; due at the ex
piration Of each successive half-year. The
holder Of a note has simply to cut off one o
these eouponsr present 1t at the nearest banl
or Government agency, and receive his in
terest; the note itself need not be presented
at all. Or a coupon thus payable will every
where be equivalent, when due, to money.
Thus, while this loan presents great advan
tages to large capitalists, it offers special in
ducements to those who wish to make a saft
and profitable investment of small saving. +
is in every way the best Savings Bank; fo
every institution Of this kind must somehoT
invest its deposits proftsbly in order to. pay
interest and expenses. They will inves
largely in this loan, asthe best investment
But from the gross interest which they re
ceive they must deduct largely for the expen
ses Of the Bank. Their usual rate Of interes
allowed to depositors is per eent.upon sum!
over $500. The person who invests directly
with Government will recei7e almost 50 pei
cent more. Thus the man who deposit.
$1,000 in private Savings Bank receives 81
dollars q year interest; ifhe deposits the SAINT
sum in this National Savings Bunk he receiy.
es 73;dollars. For those WHO wish TO find ;
safe, convenient, and profitable means Of m
vesting the surplus earnings which they have
reserved for tL.ir old age or Tor the bened