The daily Wabash express. (Terre-Haute, Ind.) 1857-1867, 1864-08-24
The Seven Thtrties-Whas are
fhevo

The Seven T'htrties-What are
they:
We trust that q large portion of our read
ers have pondered the Appeal Of Mr.. Fes-
sendsn. our new Secretary Of the Treasury.
The purport OF IL Is that the People OF the
United States, acting as body through their
agent the Government. wish individuals TO
lend them two hundred millions OF dollars
Tor three years. at seven and three tenths
per cent, payable every six months. For
this they offer Treasury Notes--that is. In
reality. notes drawn and endorsed by every
man 10 the country. The loan 10 wanted for
. great national purpose. TO effect with every
maR unless he be q traitor at heart u not in
act is solemnly pledged
The Appeal ID addressed not N srely 10 q few
great capitalists. but also 20 the many whose
aggregated means constitute the mass OF the
notes upon which this loan is asked are from
$50 upward Every man who has fifty dol
lars eau take part Ia this loan Apart from
patriotism and the duty which all owe TO
their country. no investment is 50 desirable
As this.
1t 10 secure. Every dollar OF every mans
property is pledged for the punctual payment
of the interest. and Of the debt when due.
The secutity Is increasing in value. For
some years before the war We were earning
1000 millions year more than We speIh
During the three years Of the war, owing 90
the high prices and constant demand for La
Dor, we have earned more than ever before.
No man who could work has been idle; and,
except for the war. We hsve spent less than
before The total valuation of the property
OF the United States, according 10 the CEN
sus of 1860. was SIC. $50 900 900, of which
$40, 957. 44e, 956. was In the Loyal States.
This valuation, according to the usual rule OF
assessment. was not more than two-thirds of
the actual cash value OF the property. The
Increase cf property In the Loyal States du-
ring the last ten years was over 100 per
cent or an average OF II 6-l0per cent. per
annum. In three years Of the war We of the
Uuited States have certainly earned 5000
millions more than We have spent apart from
the war. The cost Of the war may be set
down 1000 millions. Deducting this from
our net earnings. the People who are secu-
rity for this loan are 1000 millions richer to-
day than they were when the war broke
out.
No other investment can be so easily con-
Yertble. The man who hos Treasury note
for $50, or 800. or $1,000, can turn II into
money more readily, and upon better terms.
than IL II were invested upon bond and mort
gage. or In railroad stocks.
The interest offered is higher than can
be realized from any other safe and con-
vertible investment. Ii is, moreover,
readily collectable when due. To each
note are affixed five coupons" or interest
tickets due at the expiration of each sue
cessive half-year. The holder of a note
has simply TO cut of one ofthese coupons,
present it at the nearest bank or Govern
meut Agency, and receive his interest ;
the note itself need not be presented at all.
Or n coupon thus payable will everywhere
be equivalent, when due, to money.
IkThus, while this loan presents great ad-
vantages 10 large capitalists, il offers spec
isl inducements 10 those who wish g.
make safe and profitable investment Of
small saving. 1t is in every way the best
Savings hank; for every institution of
this kind must somehow invest its depos-
its proftsbly in order TO pay interest and
expenses. They will invest largely in
this loan, As the best investment. But
from the gross interest which they receive
they must deduct largely for the 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 Government will receive al
most so per cent. more. Thus the man
who deposits $1,000 in private Ssvings'
Bank receives so dollars a year interest (;
if he deposits the same sum in this Ma
tional Savings Bank he receives 10 dol
lars. For those who wish TO find safe,
convenient, and profitable means OF inves-
ting the surplus earnings which they have
reserved for their old age or for the bene-
| ft of their children, there is nothing which
presents 50 many advantages as this Ma
tional Loan.
Ii is convertible into "A six per cent
gold-bcaring bond. At the expiration OF
three years holder ofthe notes Of the 7.30
loan has the option OF accepting payment
in full or Of funding his notes in siI per
cent. gold interest bond, the principal
payable in not lezs than Eve nor more
than twenty years from It's date as the
Government may elect For ak months
past, these bonds have ranged at an aver.
| age premium Of about eight per cent. in
| the New York market, and have sold a'
l0s to-day Aug. 18th, thus making the
real rate Of interest over ten per cent.
and besides, 20 make thoindncement even
greater, Congress by special actexempt.
its Treasury notes from state and munich
pal taxation. Could Shylock ask more
" ss patriotism ever 50 literally reward
ed ,--HorPer's Magosin<.