Union County star and Lewisburg chronicle. [volume] (Lewisburg, Pa.) 1859-1864, 1864-08-23
The Seven. Thirties-What are they?

ANU SSS0u' Auu WuoI dko IIoys
We trust that . large portion Of our
readers have poudered the Appeal Of Mr..
Fessenden, our new Secretary Of the Troa-
sury. The purpors Of it is that the peo-
pie Of the United States, acting as body
through their agent the Government, wish
Individuals to lend them two hundred mil
lions Of dollars for three years, at seven
and three-teuths per cent. annual interest,
payable every six months. For this they
offer Treasury Notes-tbat is, in reality,
notes drawn and endorsed by every man
10 the country. The loan is wanted for
great national purpose, to effect which
every man, unless be be traitor at heart
If not in act, is solemnly pledged.
The Appeal is addressed not merely to
few great capitalists but also to the many
whose aggregate means constitute the mass
Of tho wealth of the land. The notes
spon which this loan is asked are from $50
upward. Every man who has Fifty dol
lars can take part in this loan. 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 puuctu-
al payment of the interest, and of the
debt when due. The security is increas
ing 10 value. For some years before the
war We we're earning 1000 millions year
more thaa we spent. During the three
years Of 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 tho war, we have spent
less than before. The total valuation of
the property of the United States, accor-
ding to the census of 1860, was SIG, $780, !
100000, Of which SlO957, AS, $50, va,
in the Loyal States. This valuation, ac-
cording to the usual rule. Of assessment,
was no. more shsn two.thirds Of the actu- !
al cash value of the property. The in
crease Of property in the Loyal States |
during the last ten years was over l26 .
per cent, or an average of IL 6l0 per
cent? annum. In three years of the war
Ve of the United States have certainly
earned 5000 millions moro than We have
epent apart from the war. The cost of the
war may be set down at 1000 millions.
DcductiDg this from our net earnings, the
People who are security for this loan are
1000 millions richer to-day than they we're
when the war broke out.
No other investment can be 50 easily
convertible. The man who has Treasu.
ry note for $50, or 500, or $1,000, car
turn it into money more readily, and up i
on better terms, than if it we're invested
upon bond aud mortgage, or 10 railroal
stocks.
The interest offered is higher than eau
be realized from any other safe and con-
ver,ible investment. 1t is, moreover,
readily collectable when due. To each
note are affixed Eve "coupous," or intsres,
tickets, due at the expiration Of each sue
eessive balf.year. The holder of note
has simply to cut off one Of these coup
pns, present it at the nearest bank or Gov
srpmcut Agency, and receive his interest
che note itself need not be presented at all.
Or . coupon thus pay able will everywhere
bs equivalent, when due, to money.
Thus, while this Loan presents great ad.
vsntsges to large capitalists, it offers spec
isl inducements to those who wish to make
. safe and profitable investment of small
saving. 1t is 10 every way the best Saw
ipgs' BaDk; for every institution Of this
kind must somehow invest its deposits
pro6tably in order to pay interest and ex-
penses. 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 interest
allowed to depositors is 5 per cent. upon ;
Gums over $500 The person who in- !,
vests directly With Government will re-
esive almost SO per cent more. Thus the
man who deposits $1,000 in private Saw.
ipRs' Bank receives so dollars a year
if be deposits the same sum in
this National Savings Bank he receives
Is dollars. For those who wish to fnd a
safe, convenient, and profitable means Of
the surplus earnings which they
have reserved for their old age or for the Z
benefit Of their children, there is nothing
which prest nts so many advantages Is this
National Loan. =
1t is convertible into six per cent gold
bearing bonds. At the expiration Of three
reers q holder of the notes of the 7-30 /
.o-o has the option Of accepting pay ment :
in full or Of funding his notes in six per {
cent gold interest bonds, the principal |
payable in not less than Eve nor more !
Al l.