The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1864-08-25

of the actual cash value of the property.
The increase of property in the Loyal
States during the last ten years was over
1876 pcr cent. or an average of IL 6-10
per cent. per annum. In three years of
the war we of the United States have GER
tainly earned 5000 millions more than we
have spent apart from the war. The cost
of the war may be set down at 1000 mil
lions. Deducting this from Out net ear
nipgs, the People who are security for
this loan are 1000 millions richer to-day
than they were when the war broke out
No other investment can be so easily
convertible. The man who has Treas
ury note for $50, or 500, or $1,000, can
turn it into money more readily, and up
on better terms, than if it were invested
upon bond and mortgage, or in railroad
stocks.
The interest offered is higher than can
be realized from any other safe and con-
vertible investment. 1t is, moreover,
readily collectable when due. To each
note are affixed FIVE coupons" or inter
est tickets, due at the expiration of each
successive half-year. The holder of a
note has simply to cut off one of these
coupons, present 1t at the nearest bank or
Government Agency, and receive his in
terest; the note itself need not be pre-,
sented at 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 tc
make safe and profitable investment Of
small saving. 1t is in every way the best
Savings Bank for every institution Of
this kind must somehow invest it's depos.
its proftably 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 expen.
ses of the Bank. Their usual rate of in.
terest allowed to depositors is S per cent
upon sums over $500. The persons who
invests directly with Government will re-
ceive almost so per cent. more Thus
the man who deposits $1,000 in private
Savings Bank receives so dollars a year
interest; if he deposits the same sum in
this National Savings Bank he receives
73 dollars. For those who wish to find a
safe, convenient, and profitable means Of
investing the surplus earning which they
have reserved for their old age or for the
benefit of their children, there is nothing
which presents so many advantages as
this National Loan.
1t is convertible into a six per cent
gold bearing bond At the expiration OF
three years holder of the notes of the
7.30 loan has the option of accepting pay.
ment in full or of funding his notes in q
six per cent. gold interest bond, the prin.
cipal payable in not less than five nol
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 pei
cent. in the New York market, and have
sold at 100 today (Aug. 12th), thus ma.
king the real rate of interest over ten pc,
cent; and besides, to make the induce
ment even greater, Congress by special
act exempts its Treasury notes from state
and municipal taxation. Could Shylock
ask more? Was patriotism ever so lib
orally rewarded ?-Harper's Magazine.