Evansville daily journal. (Evansville, Ind.) 1863-1866, 1864-08-27
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We trust that large portion 81 our
readers hare pondered The appesl Of Mr.
Fsssenden, QUE new Secretary al the
Treasury. The purpost Of ], Is lba. the
peopls Of the United States, aelns asa
body through their agent the Govern.
men,, wish Individuals 70 lend thea too
hnndred millions Of dollars Tor three
years, at seven and three tenths per cent.
annual interest, payable every SIX
months For this they Offer Treasury
Notes that is, 10 reality, notes drawn and
endorsed By every man IN the eoaniry.
The loan is wanted for a great national
purpose, TO effect which every man, nn.
less be be traisor II heart If not in act,
Is selemnly pledged
Tbs appeal is addressed not iasfeiy 10
e few great capitalists, but also 10 the.
many whose aggregate means constitute
the Mas Of the wealth Of The land. The
notes upon which this loan Il asksd are
from $50 upward Every man who has
$50 can take part in this loan. Apart
from patriotism and the doiy WEich al
owe to their coantry, no Investment Is so
desirable as this
IL is secure Every dollar Of esery
mans property Is pledged for the pune
taal payment OF the interest, aud Of the
debt when due. The security IL increAs,
ing In value For some years before The
war We were earning one thousand mil
lions q year more than We spene.
Daring the three years Of the 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 bsen idle and, except for the
war, We have spent less than before.
The total valuation Of the property Of
the United States. according to the census
Of 1860, was $l6, l59, 000, coo, Of which
<l0,957 AS, 956 vas in the loyal States
This vAlustion, accorded 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 loval States during the last ten years
Was over l26 per cent, or an average OF
IL 6-l0 per cent per annum. In three
years of The var we Of the United States
have certainly earned three tbousa nd
millions more than We have spent apart
from the war The cost Of the var NAV
be set down at two thousand millions
Deducting this from our net earnings,
the People whs are security for this loan
are one thousand millions richer to-day
than they were when the war broke cut
No other investment can be 80 easily
convertible. The man who has Treas
ury note for $500, or Sl00, or 81 COO, can
turn IL into money more readily, and
upon better terms, than IL It we're in
vested upon boad and mortgage, or in
railroad stogsksg 80 ,Eaats'l y ~
The Interest offered is higher than
can be realized from any other safe and
convertible. investment Il is more
over, readily eollecfable when due. To.
each note are affixed Eve coupons,
or interest tickets. due at the expiration
Of each successive half year. The hold
sr Of note has only 10 cut of one Of
these coupons, present il &C the nearest
baAk or Government Agencys and re-
csive his interest; the note itself need
not be presented at all Or 8 coupon
TINS payable will everywhere be sqaiga-
lest. when due, TO money
Tkus, while this loan presents great
AGE&AtA2e1 W AAt - - fttetA1t9r - eAArta
special inducements 10 those who wish
70 make safe and profitable investment
Of email ssvintA It IS in every way the
best savings bank; for every institution
Of this kind must somehow invest its de-
posts probably in order to pay interest
and expenses They will invest large y
| in this loan as the best investments But
| from the gross interest which they re-
ceive shey must deduct largely for The
I expenses of the bank. Their usual rate
Of interest allowed to deposItors Is ) per
cent upon sums over $500 The person
who invests directly with The, Govern
ment will receive almost 50 per cent.
more. Thus the man who deposits
/ 81, 900 in . private savings bank re-
ccives $50 interest; If be deposits the
same sum in this National Savings
Bank, he receives $73. For those who
wish TO find q safe, convenient. and
profitable means Of investing the sur
| plus earnings which they have reserved
for their old age or the benefit of their
children, tore isnothing which presents
80 many advantages IS this National
/ Lean.
L Is convertible int a SIX per cent
| gold-bearing bond At the expiration
OF three years q holder Of the notes Ct
the $50 loan has the option Of accept
I ing payment in full or of funding his
nstss in Q six per cent gold interest
bond, the principal payable in Mt less