Sioux City register. [volume] (Sioux City, Iowa) 1858-1871, 1864-09-03

Fessenden, our uew Secretary Of the Trea3
ury. The purport Of it is that the PeopA
Of the United States, acting a. . bod
through their agent the Government. wiSt
individuals to lend ttem two hundred MT
lioni Of dollars for three years, at seven
and three.tenths per cent. annual interest,
PAYABLE every six months, FvAHx they
offer Treasury Noies-,hat is, f. reality,
naas:. dy%S. srS endorsed b. yrery. MN
in No couStry: rhe loan i *ansd AGttA
Great national purpose, to effect WHICH
every man, unless he be a tra1or At heaf
if not in act, is solemnlt pledged. -
The Appeal is addressed no. merely>o
a few great capitalists, but. also to W
many whose aggregate means consti.Qe
the mass of the wealth Of tbe.land. The
notes upon which this loan is asked are
from $50 upward. Every man who has
fifty dollars can take part in this loan.-
Apar. from patriotism and the duty which
all owe to their country, no investment is
so desirable rs this.
1t is secure. Every dollar Of every
man. property is pledged for the punc.ual
payment Of the interest, and Of the debt
when due. Tho security is increasing in
value. For some years before the war
we we're earning 1000 milionsu J more
than We spent. During the three ears Of
the war, owing to the high pricesGnd con.
slant demand for labor, We baxeAearned
moro than ever before.> No ~ who
could or would work has been die ;And,
except for the war, we have zen. less
than beIa1t >The total valuation Of the
property sfrhef e'n,vd>eN tes 1ecord-x
to the censu, of 1860. was 1912, ooo,o 900,
Of which slo,95l44s 956 was n the loyal
States. This "a )aiou, according to the
usual rate Of assessment. wd no. more
than two thirds of the actuR a.h value
of the property. The increase of property
in the loyal States during he las. ten
years wa1 over l26 per cen,apr a" aver
age Of IL 6 10 per cent, per annum. In
three years of the war we the United
States have certainly earned loV millions
moro than we have spen. part p the
war. The cos. Of the war; may De set
down at 1000 millions. .Deduc.i,N THU,
from our net earnings, the People 10 are
security for this loan are 1000 millions
richer today than they were when che war
broke out. q.
No other investment. can be 20 easily
convertible. The man who As TreaA
ury note for $50, or 800, Or 500 can
turn i. into money more readi\ Snd upon
better terms, than i. it were invested upon
bond and mortgage. or in railroad stocks
The interest offered is higher han can B..
realized from any other aafe and convert
bio investment. 1t 10. moreover, readily
collec,able when due. To each note are
affixed five "coupo,s, or interest tickets,
due at the expiration of each successive
half year. The holder of a note has sim.
ply to Gu. of one Of these coupons, pre-
sen. it at The nearest bauk or Government
Agency, aud receive his interest; the note
itself need not be presented n. all. Or Il
coupon thu, payable will everywhere be
equivalent, when due, to money.
Thus, while this loan presents great nd
vantages to large capitalists, it offers spec
;al inducements to those who wish 10 mike
safe and profitable investment Of small
saving. 1t is in every way the best Saw
ings' Bank; for every institution Of this
kind mus. somehow invest its deposits
pro6tably in order to pay interest aud ex.
2enses. They will i"ves. 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 deposi,ors is per cent. upon
sums over $500. The person who invests
directly with Government will receive al
most 80 per cent. more. Thus the man
who deposits $1,000 10 a private Savings
Bank receives so dollars u year interest );
if be deposits the same sum in this Ma
tional Savings Bank no receives Is dol
lars. For those who wish to find a safe,
convenient, and profitable means Of iu-
vss,i"g the surplus earnings which they
have reserved for their old age OF 70, the
benefit Of their children. there Is nothing
which presents SO many advantages Is
this National Loan.
1t is convertible into six per cent gold
bearing bonds. A. the expiration Of three
years a holder Of the notes of the 100
loan has the option Of accepting psymen.
in full ~ Of funding his notes in q six per
cent gold interest bond, the principa.
payable in not less than five nor more than
twenty years from it's date as tho Govern.
ment may elect. For six months past,
Ia