Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-08-27
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III
nurport OF it IS that the People of the United
States. acting as u BABY through their ngcn,
the Government, wish individuals to lend
them two hundred millions OF dollars ioi
three years Mt seven and three tenths per
cent annual interest, payable every six
! months. For this they oilcr Ircasurs Notes
| that IL, in reality, notes dra~n ana en-
dorscd bv every man IN the country. The
loan Is wanted for great national purpose,
to effect which every man, unless lac be s
traitor at heart il not in act, is soemnly
pledged.
The Appeal Is addressed not merely 10
few great capitalists, but also to the many
whose al gregatc means constitute the mass Of
the wealth Of the land The notes upon which
this loan IS asked are from so upward.
Every man who has fifty dollars can take
pa,t in this loan Apart from patriotism
and the duty which MI owe TO their coun-
try no investment is so desirable as this
II is secure Every dollar oicvery mans
property is pledged for the pnnctnal pay
mont Of the interest, AMI d tIc debt when
due. Tho security is Increasing IN value.
For some gelrs before the war we were
earning 1oao millions per year more ihan
we speit During the three years Ct the
var, owin, % ihp.hiei prices and constant
,lcmand fct ial 81 wc ilayc earned more than
ever before 70 man who could or would
vork La been lille and, except for the war.
W. haze spent les, than before. The total
yaluation Of the property Of the hltcd
State. according TO the census Of 500, was
Sl6.I5p. v0o, 900. Of which lo.957, i4s.s56
was in the Loyal States. This valuation, &C
cording to the usual rule OF assessment, was
not more than two-tii-ds Of the actual cash
vulue of the property. The increase Of
property in the loyal States during the last
ten years was over 126 cr cent, or an av
eragc Of II 6-lo pcr cent per annum IN
three years Of the war we Of the nitcd
States have certainly earned 5000 millions
more than we have spent apart from the war.
The cost Of the war may be set down at
1000 millions Deduciing this from our net
earnings the People who are security for
loan are 1900 mill rs richer TO day than
they were when the war broke out.
No other investment can be so easily con
vcrtabie The man who has a Treasury
note FIR 500, or 800 or $1,000 can turn it
into money more readily. and upon better
terms, than if it were invested upon bond
anl mort =, 81 Il. railroad stocks.
The interest offered is higher than can be
reailed II any ether safe and convert
BE Investment. It is norcov,r, readily
collcctalic when due - eacA note are
affixed five ''coapon.. CT m'rs~' Liti.e,
due at tn, cxli,a;ioe of each succe size
halfyea tbs holder Of note has Simply
t. cut Oh; on Il these cogpsns, present it
>. tie nearest bank OF Government is,n
81, and receive his interest; The note itself
noel n9t BE presented at All. Or coupon
ti''.s pay ao.e wll everywhere be equivalent
wh-n duo TO money.
Thus, while MS loan presents great ac!-
vantage 20 large capitalists, it offers spe :al
: inducements to those who wish TO make Il
safe ana profitable investment OF small
ing. Ii is in every way the best Savings
Bank for every institution Of this kind
must somehow invest its deposits proitably
in order to pay interest and expenses
They will my st largely IN this loan, as the
best investment. Bus from the gross in
tcrest which they receive they must deduct
largely from the expenses Of the bank
Their usual rate Of interest allowed to de-
positersis Per cent. upon sums over 500.
The person WHO invests directly with gov
crnment will receive almost 30 per cent
in4rc. Thus the Inan WHO deposits $1,000
II private Savings Bank receives - dol
lars ycai interest; If he deposits the same
SUM in this National Savings Bank, he re-
ceives - dollars. For those who wish 10
iind \ safe convenient and profitable means
Of investing the surplus earnings which
i they have reserved for their old age or for
, t,ie benefit Of their children, there i, moth
in- which presents so MANY advantages as
the National Loan.
, 1t IS convertible into a six per cent gold
bearing bond. 4 the expiration of three
years holder of the notes Of the 100 loan
has the option Of accepting paymen, IN Gdll
or OF f,inding his notes in a six per cent.
/ gold interest bond, The principal payable in
not less lian five or more than twenty wears
from It's date as the government may elect.
For siN months past, these bonds have rang
ed At an average premium o. about eight per
| cent. in the New York market. All have
sold at 100 to-day august 12thD, thus
making the real rate Of interest over ten per
cent. and besides 10 make the inducement
even greater, Congress by special act cx-
cmpfs It's Treasury notes from State ard
municipal taxation. Could Shylock ask
more? Was patriotism ever SO literally
rewarded :-Ncrper's Magazine.
'irsvin2 the Foul Party.
The Lima tOnio) Dsmocrdt SAYS /:
VIVA. Gamble, Esq. Postmaster at Kos
snth. tbs county, heretofore strong
supporter & Lincoln sd he var. ha, been
convinced that slc cos,upl Administration
HOW u power IL lu;nur ga, to,,nt;,- .,n !.