The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1864-09-02

would work has been idle The total valuation
Of property Of the United States, according to
the census Of 1860, was l6l59. 900 OO0,of which
$40 957 ,448956, was in the Loyal States. This
valuation according to the usual rule of assess :
ment, WAS not more than two thirds of the actual
cash value ofthe property. The increase pro
perty in tho Loyal States during the last ten
years was over l26 per cent, or an average Of
1910 per cent per annum. In three years
OF the war we Of the United States have certain.
ly earned 5000 millions more than we have
spent apart from the war. The cost of the war
may be SGT down at 5000 millions. Deddcting
this from our net earnings, tho 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 be 30 easily confer
tible. The man who has Treasury note for
$50, or 500, or $1,000, can turn it into money
more readily, and upon better terms, than il it
were invested upon bond and mortga &c, or in
railroad stocks.
The Interest offered is higher than can be re.
allied from any other safe and convertible in
vestment. 1t is, moreover. readily colectable
when due. To each note are affixed five "cou-
pons," or interest tickets, due at.the expiration
of each successive halfyear. The holder Of
note has simply to cut of one of these coupons
present it at the nearest bank or Government
Agency, and receive his interest the note it.
self need not be presented at all. Or coupon
thus payable everywhere be equivalent, when
due, to money.
Thus, while this loan presents great advan
tages to large capitalists. it offers special induce.
ments to those who wish to make safe and prof
table investment Of small saving, II is in eve
ry way the best Savings Blank for every in
sttuton of this kind must somehow invest its
deposits proftably in order to pay interest and
expenses. They will invest largely in this loan
as the best investment. But from the gross in
terest which they receive they must deduct
largely for the expenses of the Bank. Their
usual rate of interest allowed to depositors is S
per cent. upon sums over $500. The person.
who invests directly with Government will re-
ceive about so per cent. more Thus the man
who deposits $1,000 in private Savings Bank
receives so dollars year interest il he depos.
its the same sum in this National Savings Bank
he receives 10 dollars. For those who wish to
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 is nothing which presents
so many advantages as this National Loan
1t is convertible into six per cent. gold
bearing bonds. Atthe expiration Of three years
holder of the notes of the 7-30 loan has the
option of accepting payment in full or of fund
ing his notes in ak per cent. gold interest
bond. the principal payable in not less than five
nor more than twety years from its date "a the
Government may elect. For six months past
these bonds have ranged at an average prem
um Of about eight per cent. in the New York
market, and have sold l09 TO- day (Aug l2th).
thus making the real rate of interest over ten
per cent. and besides, to make the inducement
ever greater, Congress bv special act cxempts
its Treasury notes from state and muncpa,
taxation. Could Shylock AJAX more ? Was pa.
triotism ever SO literally rewarded 2--Hsrper's
Magazine.