North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-08-31
Ths seven Thirtl,s what are They,

era have pondered the appear Oh Mr.. Fessan-
den, cur new Secretary of Treasury. The
purpors Of it 10 that the People of the U. S.,
acting as body through thsir agent the
Government, with individuals 10 lond them
two hundred millions Of dollars for three
years. at seveR and three tsnths per cen,
annual interest, payable every six months
For this they offer Treasury Notes-that is,
in reality, notes d..awn and endorsed by ev-
cry man in the country. The loan is wanted
for great national purpose, to effect which
every man, unless he be traitor at heart, if
not in act. is solemnly pledged.
The Appeal ia addressed not merely to
few gaeat capitalists, but also 10 the many
whose aggregate means constitute the mass
Of the wealth Of the land. The notrs upon
which this loan is asked are from $50 up
ward Every man who has fifty dollars can
take part in this loan Apart from patriot
ism and duty which all owe TO tnsir coun-
try, no Investment is so desirable as this.
1t is secure. Every dollar dollar of every
mans property is pledged for the punctual
payment of the interest, and of the debt
when due The security is increasing
For some years before the war We wrrs
earning 100 millions year mIre than we
spent. During the three years OF the war,
owing to 'he high prices and constant demand
for laber, we have earned moro than ever be-
fore. No man who couid or would werk
has been idle and, except for the war, We
have spent less than before. Total valua
ton of the property of the United S'at"s,
according to the census # 1850, wa ST. 6 I59
100000, of which $40 957 34S. .95G VA, 1t the
Loyal States. TINS valuatIon, according to
the usual rule OF assess meat. was not m5re
than two-thlrds Of the actual cash value OF
the property. The Increase Of property III
the Loyal States dur ing the last ten years
was over l26 per cent. for an average of y
6 10 per cent. per annum. In three years O
the war, we of the u. s have certainly earn
ed 300 millions more than We have spent
apart from the war. The cost OF the war NAV
be Set down at 1000 millions. Dcdmcrng
this from our net earnings, The People VINO
are security tor this loan are one thou,an
millions richer to-day than they We're wnen
the war broke out.
No other investment can be 81 easily con.
veItble' The man who has Trea- ury note
for $50. or SlG0, or $50 can turn II into
money more readIly, aifd upon better term,
than If it were invested mp boad aut
mortg age or ID railroad stocks.
The interest offered is higher than can be
rlalI zed from any other safe and coaver t,bir
investment. III moreover, readily collect
able when due. To each HO,e are aXtiied h.e
coupons" >" or interest tickets, iue at the ex
plrstion Of each successive hat year Tn,
holder of a note has s,Inply to cat oft one II
these coupons, present 1t at the nearest bank
or Government Agecy, and receive HIS Inte
rest tie note itself need not be presented al
all. Or a coupon thus payable Will every
where be equivalent. WIDEN due, II m ,nrY.
| Thus, while this loan presents great al
vantages to large capitalists, it offers spacla |
inducements TO those who wish t. make a
safe and profitable investment Of small saving
It is in every way the best SAVINGS Bank
| for every institution Ol this kind must some =
how invest its deposits proiiaby in order to
pay interest and expenses. They will in
vest largely in this Ioln as the best inves t
ment. But from the gross interest
which they receive they must deduct
largely for the expenses of the Bank. Their
usral rate Of interest allowed t. depo 0 RS
is per cent, upon sums over $500. The
person who invests directly. with Govern
nent will receive almos, so per cent more -
Thus the man who dep sits $1,000 in private
Savings Bank receives SO dollavs a year in
terest if he deposits the same sum in thi O
National Savings Bank he receives 73 dollars
For those who wish to find safe, conveGen,
and profitable means nf investing the surplus
earnings which they have reserved fnr their
their old age or for the benefit of their cbll
eren, there isnothing which presents so many
advantages as this National Loan.
| 1t is convertible into six per cent. gold.
bearing bond. At the expiration of three
years holder ot the notes Of the 7.30 Ian
has the option Of accepting payment in fail or
of funding his notes in six per cent. gold
interest bond, the pr acipll payable in not
less than five nor more than twenty vear.
from this date "a the Government NAV elect
For SIX months past, these bonds have rang
ed at an average premium of abou; eight per
cent. in the New YORK market, and have sold
at 100 to day, Aug. l2.h.) thus making the
real rate Of interest over ten per cent and
beside, to make the ndncement even greater
Congress 10y special act ex~mpGs ITS Treasury
notes from state aud mnncipIa, taxation
Could Shylock ask more ? Was patrio,is IN
ever - literally roglrl,i ?-H4r per
Ma gazine. .