The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-09-02
The Seven Thirties-what are theyi

We trust that q large portionof our read
ers have pondored the Appeal of Mr. Fes
seuden, our new Secretary Of the Treasure
The purport of it is that the people of the
United States. acting as body through
their agent the Government, wish individu
uIs to lend them two hundred millions ol
dollars for throe years, at soven and three
tenihs per cent. annual interest, payable
every six months. For this they offer
Treasury Notes--that 10, In reality. notes
drawn and endorsed by every man 10 the
country. The loan 10 wanted for q great
national purpose, to effect which every man
unless he be q traitor at heart II not 10 act
10 solemuly pledged. - si.t.-E
! That Appeal is addressed not morely to q
few great capitalists. but also to the many
whose aggregate means constitute the mass
of the wealth Of the land. The notes upon
which this loan il asked are from $50 up.
ward Every man who has fifty dollars can
tako part in this loan. Apart from patriot.
ism aud the duty which all o~e TO their
country, no Investment is so desirable az
this. .. ...
II is secure. Every dollar of every man q
property is pledged for tho punctual pay.
ment OF tho interest, and Of tho debt when
due. The security is increasing in value
For some years before the war We we're
earning 1000 millions year more than We
spent During the three years OF the war,
owing to tho high prices and constant de-
mand for labor, we have earned moro than
ever before. No man who couid or would
work has been idle; and except for the war
we have spent less than before. Tho total
valoatioD Of the property of the United
| Stntcs. according to ,he cebsus Of ! $50. was
SIG, l59 900 900. OF which $lO 957 .449 056
was in tho Loyal States. This valuation,
according to the usual rule of assessment,
was no. more than two-thirds of the actual
cash value OF the property. The, increase
of property in tho Loyal States during the
last ten years was over i26 per cent..-or an
average OF IL 6 10 per cent por -asnnm.--
In threo years OF the war we OF The United
States have certainly earned 5000 millions
more then we have spent apart from tho
war. Tho cost Of tho war may be set down
|
net earnings, the People who arc security
for This loan are 1000 millions richer TO day
ibnn they were when the war broke out.
No other Investment can be so easily con
vertible. The man who has a Treasury
motto for $50, or 300, or $1,000, can turn
is into money more readily, and upon bet.
tor terms, than II u we're invested upon
bond and mortgages or in railroad socks.
hn int pH Ia ht tnba h,s,
be realized from any other safe and con.
ly collected when due To each noto arc
affixed Ave "coupons," or interest tickets
dus at the expiration OF each successive
hait-yoar. Tho holder of note has simply
| to cut off one of theso coupons, present: !,
at the nearest bank or G, vermont Agency
nne his interest; tho note itself need not be
presented at all. Or coupon thus paya-
Bile will everywhere he equivalent, when due
to money. 'r
Thus while the loan presents great advan.
taees TO large capitaiisis.it ffeis special ir.
ducements to those Who wish 10 make q
safe aud profitrblo investment of small saw.
ing II is in. every way tho best Savings
Bank; for ove.y Institution of this kind mus
somehow in.cst It's deposits probably in
order TO pay interest and expanseps. They
will Invest largely ip this loan, as tho hes,
Investment But from the gross inteLest
(which they receive they must deduct Ian 70
~ for tho expenses OF tho Bank. Their usu
! al ratio OF Interest aIlo we'd 10 depositors h
per cent. upon sumo over $500 The per.
son who invests directly With Governmesit
will receive almost 30 per cent. moTe.--
Thus tho man who deposits $1,000 in a pr,
-vats Savings Bank he rOceiveS 10 dollars -