Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1864-08-27

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We trust that large portion of our read
ers have pondered the Appeal of Mr.. Fes-
sender, our new Secretary of the Treasury.
The purport of it is that the People of the
United States, acting as body through
their agent the Government, wish individu-
ais to lend them two hundred millions of
dollars for three years, at seven and three
tenths per cent. annual interest, payable
every six months. For this they offer Trea-
sury Notes-that is, in reality, notes drawn
and endorsed by every man in the country.
The loan IS wanted tor a great national pur-
pose, 70 effect which every man, unless 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 welth of the land The notes upon
which this loan Is asked are from $50 up
ward. Every man who ha' fifty dollars can
take part in this loan. Apart form patrio-
tism 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 punctual pay
ment 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 a year more than We
spent. During the three years of the war,
owing to the high prices and constant de
mand for labor, we have earned more than
ever before. No man who could or would
work has been idle; and, except for the war
we have spent less than before. The total
valuation ofthe property of the United States
| according to the census of 1860 was SlG,-
159, 900, of which $40 ,057 .446, ,O5G, was
! in the Loyal States. This valuation. ac-
cOrding to the usual rule of assessment, was
not more than two-thirds OF the actual cash
value of the property. The increase OF
property in the Loyal States during the
last ten years was over 1876 per cent, OF an
average OF II Clio 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 may be set down at 1000 millions
Deducting this from our net earning. the
people who are security for this loan are
1000 million richer to-day than we were
when the war broke out.
No other investment can be so easily con-
! vertible. The man who has Treasure
note for $50, or 800, or $1,000, can turn il
| into money more readily, and upon better
/
| and mortgage. or in railroad stocks.
The interest offered is higher than can bC
realized from any other safe and convertible
! investment. Ii is, moreover, readily col
lectabc when due. TO each note are af
fixed five coupons OF interest tickets, due
at the expiration of each successive halt
year. The holder of . note has simply Il
cut off one Of these coupons, present it a
the nearest bank or Government Agency
and receive his interest; the note itself nceC
not be presented at all. Or coupon thus
payable vii! everywhere be equivalent, wher
due, TO money.
Thus, while this loan presents great al
vantagcs to large capitalists, it offers spc
cIal lnducumcnt TO those who wish TO make
safe and profitable Investment of smal
saving IL Is in every way the best Savings
Bank; for every institution of this kline
must somehow invest its deposits proitaby
IN order TO pay interest and expenses
They Will invest largely in this loan, rs til,
Ebcst investment. But from the gross inter
est which they receive they must deduc
! largely Tor the expenses of the Bank Thci
usual rate of interest allowed To deposition
Is per cent. upon sums over 5000. Tht
person who invests directly with Govern
ment will receive almost 80 per cent. more
Thus the man who deposits $1,000 in pri
Nale Savings Bank receives 80 dollars
year interest; if he deposits the same sun
IN TINS National Savings Bank lac receives
40 dollars. For those who wish 10 find
sAic, convenient, and profitable means o
investing the surplus earnings which the,
have reserved for ;hcir old age or for tht
bcnent %: their children. there is nothn.
Mhic presents so many advantages at TN
National Loan.
II Is convertible into six per cent. gold
bearing bond. At the expiration OF tire,
ycars q holder OF the notes Of the : 30 loar
has the option Of accepting payment in iul
or of funding his NOTES ina six per cent
gold interest bond, the principal payable II
bot lU-, than lyc nor more than tWunt,
yeas from iis date as the Government ma,
eject Tor slN month past, these bonds hay,
ranged Ht an average prruiinm of Ahou
Dt4l lrr cent iu the Aew York market
+.' base sold 40 100 to-day Aug. l2l, thu
""h'"s i.a rll f.,r ui Interest over zen pei
l'ali and apN hr,ld,s, to make tAe indu,e
"'ht even Ffgairf, tungf,ss by special ac
'A'mpls us lt,as4IA uulls from state An,
Mlulellhl taxation Could shyluck ash more
Was laiHuiism eyef 60 libufally rewarded.
H1Itrs Nass.iaf,
lAe Charleston Mercury. Of the is.b. sa,,
n1h eumbaiauis are oTdplri a. leave A,.lile