Randolph County journal. [volume] (Winchester, Indiana) 1864-1865, 1864-08-26
THE OBSERVATION-DISCLOSURES
ARE THEY!

rotary OF the Treasury. ihe
purport OF it 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 for three
years, Mt seven and three tenths per
cent. annual interest, payable every
six months For this they offer
Treasury NOtes-that is, i'll reality,
notes drawn and endorsed by every
man in the country. The loan Is
wanted for great national purpose,
to effect which every man, unless he
be Il traitor at heart if not in act, IS
solemnly pledged.
The Appeal is addressed not
merely to 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 is asked arc from
$50 upward. Every man who has
fifty dollars can take part i'll this
loan. Apart from patriotism and
the duty which all owe to their
country, no investment is so desira-
bic as this.
1t is secure. Every dollar Of
every mans property is pledged for
the punctual payment of the interest,
and of the debt when due. The Sc
curity is increasing i'll value. For
some years before the war we were
earning 1000 millions Il year more
than we spent. During the last 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 been idle; and, eX-
ccpt 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
SIC, l59, 900, 900, of which SO. 931,
44S,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 of property in the Loyal
States during the last ten years was
over l26 per cent, or an average OF
II Go per cent. per annum. In
three years of the war we of the
United States have certainly earned
ounl n,illinu, mara tbop NO how,
spent apart from the war. The cost
of the war may be set down ut 200t
millions. Deducting this from oul
net earnings, the People who ar,
security for this loan are 1909 mil
lions richer to day than they were
when the war broke out
No other investment can be SC
easily convertible. The man who
has 4 Treasury note for $50, or 500
or $1,000, can turn it into money
more readily, and upon better terms
than if it were invested upon bond
and mortgage, or in railroad stocks
The interest offered is higher than
can bc realized from any other SAT,
and convertible Investment. 1t is
moreover, readily collcctabIe wher
due. To each note are affixed liv,
coupons or interest t;ckets, due al
tho expiration of each succcssiv,
half-ycar. The holder of note has
simply to cut OH one Of these cou
pons, present it ut the nearest banb
or Government Agency. and receive
his interest; the note itself need not
be presented mt all. Or coupon
thus payable will everywhere be
equivalent, when due, to money.
Thus, while this loan presents
great advantages to large capitalists
it offers special inducements to those
who wish to make safe and profita
bic investment OF small saving. II
is in every way the best Savings
Bank; for every institution of this
kind must somehow invest its depos-
its proftaby in order to pay interest
and expenses. They will invest
largely in this loan rs the best invest
ment. 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
almost % per cent. more. Thus the
man who deposits $1,000 in private
Savings Bank receives 30 dollars 4
year interest; if he deposits the same
sum in this National Savings Bank
he receives 73 dollars. For those
who wish to find safe, convenient
and profitable means of investing the
surplus earnings which they have re
served for their old age or for the
benefit Of their children, there is
nothing which presents SO many al
vantages as this National Loan.
1t is convertible into six per cent.
gold-bearing bond. At the eXpira-
ton of three years holder of the
notes of the 40 loan has the option
OF accepting payments in fun or OF
funding his notes in six per cent.
gold interest bond, the principal pay
able IN not less than five nor more
than twenty years from its date as
the Government may elect. For six
months past, these bonds have ranged
at an average premium of about
eight per cent. in the New FORK mar
ket, and have sold at 100 to day
Aug. l2th), thus making the real
rate OF interest over ten per cent;
] and hesilnS 70 milo tLo indncnnnnnt