The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1864-08-27

BURLINGTON WEI
The seven.ThiFties-WAat are
they?
We trust that large portion Of our read
ers have pondered the Appeal OF Mr.. Fes-
senden. our new Secretary of the Treasury.
ma purport of it is that the People of the
United States, acting as body through
their agent the Government, wish indlv1o-
uals to lend them two hundred millions OF
dollars for three years, at seven ana .nlee-
everv six months. For this they ofier
Treasury Notes-that is, In reality, notes
dawn and endorsed by every man IN the
country. The loan Is wanted for great
national purpose, to effect which every
man. unless he be traitor at heart II not
in act, is solemnly pledged.
faw oreat 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 700 up
ward. Every man who has fifty dollars
can take part in this loan. Apart from pat
riotism and the duty which all owe to their
country, no investment Is 30 desirable as
lie secure. Every dollar Of every mans
property is pledged for the punctual pay
mer,t Of the interest, and Of the debt when
due. The security 10 Increasing in value.
For some years before the war we were
earning 1000 millions 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
work has been idle; and, except for the
war, we have spent less than before. The
total valuation Of the property of the Unit
ed States, according to the census Of 1850,
was SIG Isl, 600 600, Of which &c, 957 Az, 956
was in the Loyal States. This valuation,
according to the usual rule Of assessment,
was not more than two-thirds Of the actual
of property in the Loyal States during the
last ten years was over 126 Per cent, or 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. The cost Of the war may be set down
1t 1000 millions. Deducting this from our
net earnings, the People who are security
| for this loan are 1000 millions richer to-day
than they were when the war broke out.
No other Investment can DO 90 easily
convertible. The man who has Treasury
note for $50, or 800, or 1000, can turn it into
money more readily, and upon better
terms, than If it were invested upon bond
and mortgage, or In railroad stocks.
The interest offered il higher than can be
realized from any other safe and convert
i've coupons" or interest tickets, due al
the expiration of each successive half
year. The holder Of . note has simply ia
cut on one of these coupons, present it ..
the nearest bank or Government Agency,
and receive his interest; the note itsel,
need not be presented ct al. Or coupon
thus payable will everywhere be equivs.
Thus while this loan presents great I'D.
vantages to Largo capitalists, it offers special
inducements to those who wish 10 make 9
safe and profitable investment of small
savings. It's in every way the best Savings
Bank; for every institution of this kind
must somehow invest its deposits probably
in order to pay interest and expenses
They will IN e; tho loan e the
terest which they receive they must de-
duct largely for the expenses Of the Bank
Their usual rate of interest allowed to de-
positors Is per cent. upon sums over $500
The person who invests directly with Gov
eminent will receive almost 20 per cent.
more. Thus the man who deposits 4lO0(
in , private Savings' Bank receives so dol.
lars year interest; II he deposits the same
sun, in this National Savings' Bank he re.
ceives 81 dollars. For those who wish t.
find 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 Il
nothing which presents 20 many advan.
tages - this National Loan.
It is convertible into six per cent. gold.
bearing bond. At the expiration of three
years holder of the notes Of the $50 loan
has the option Of accepting payment in full
or of funding his notes in six per cent.
gold interest bond, the principal payable
| In not less than five nor more than twenty
years from its date az the Government may
elect. For six months past, these bonds
have ranged at an average premium o.
market, and have sold at 100 to-day Aug.
| l2th,) thus making the real rate of interest
over ten per cent; and besides, to make
the inducement even greater, Congress, BY
special act exempts its Treasury notes from
state and municipal taxation. Could Shy
lock ask moref Was patriotism ever %
literally rewardedf-HdrDer's Magazine.
UNroN-D1suNIoN.-T American I'm.
ion is great, abiding fact. It rests immu-
tably on certain broad, manifest geogra-
phical, political and commercial necessi-
ties. A community of origin and Of lam
guage among the great mass of our people
intensifies tina tendency Of this broad do
main toward cohesion and unity.
This tendency may be temporarily over
borne, just a. q heavy body may be sus-
pended at distance above the earth-just
as Portugal has for ages been torn from the
side Of Spain-just as Italy was for CEN
turtles parceled out among q number Of
petty despots. In the end, however, the
law of gravitation, political or material, ia
certain to assert itself.
Human Slavery is the disturbing, coun-
teracting, centrifugal force in our political
system, the palpable and only cause Of our
past, present and future alienation. No
one ever met an English-speaking native Of
any one of our States who desires disunion
unless on account Of Slavery.
This Slavery is . great but not an en-
during evil. All the better influences OF
our time fight against it with Q force utter
ly unknown to darker ages. The Steam
EnOiuA and ovnev nfhov iu,n0YtaNt invan.