The Union. [volume] (Georgetown, Del.) 1863-1866, 1864-08-26
The ses en-Thirties-whatare theys

ders have pondered the Appeal of Mr., Fessen-
den, our new Secretary of the Treasury. Tie
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 m Hons of dollars for three ears,
at seven and three-tenths per cent. annual
interest, payable every six months, For this
they offer Treasury ,N9tes--that is, in 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 traitor at heart if not in act,
is solmnly pledged.
The Appeal is addressed not merely to
lew great capitalists, but also to the many
whose aggregate means constitute the mass of
the wealth ofthe land. The notes upon which
this loan is asked are from $50 upward. Eve
ry man who has fifty dollars can take part in
this loan. Apart from patriotism and the du-
ty which all owe to taer country, no invest
ment is so desirable as this.
1t is secure. Every dollar of every mans
property ispledged for the punctual payment
of the interest, and of the debt when due.
The securely is increasing in value, For
someyears before the war we were earning
1000 millions year more than we spent
During the 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 OF would work has been idle;
and, except for the war, we have spent less
than before. The total valuation of the prop
erty of the United States, according to the
census of 1860, was SIG, l59, 0OO, 900, oi which
S10,957 ,448, 956 was in the Loyal STATES
This valuation, according to the usual rule OF
assessment, was not more than two-thirds oi
the actual cash value of the property, The
increase Of property in the Loyal States dur
ing the last ten years was over 126 per cent
I or an average Of IL Clio per cent. per annuln
In three years Of the war we of the United
States have certainly earned 5000 millions
more than we have peat apars om he war.
The cost Of the war may be set down at 1000
millions. Deducting this FROM cur net r
nings, the People who are security for this
.an are 1000 millions richer to-day than
/ they were when the war broke out.
No other investment can be easily oonverti-
hle. The man who has Treasury note for
$50, or 500, or $1,000, can turn it into mo-
ney more readily, and upon better terms,
than if it 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 convertible
investment 1t is, moreover, readily collec.
table when due. To each note are affixed
five coupons, or interest tickets, due at the
expiration of each successive half-year. The
h.lder of note has simply to cut off one Of
these coupons, present it at the nearest bank
or Government Agency, and receive his in
1ei est; the note itself need not be presented
at ali. Or a coupon thus payable will every
where be equivalent, when due to money.
Thus, while this loal presents great advan.
ages to large capitalists, it offers special in
ducements to those who wish to make safe
and profitable investment of small saw .ng.
1t is in every way the best Savings Bank
for every institution of this kind must some
how invest its deposits proftably in order t.
pay interest ami expenses. They viii in
vest largely in this loan, as the best envest
ment. But from the gross interest which
they receive they must deduct largely 70
the expenses of the Bank. Their usual rat
of interest allowed to depositors is per cent
upon sums over $500. The person who in
vests directly with Government will receiy
almost so per cent. more. Thus the ma
who deposits $1,000 in private Savings
Bank receives so dollars year interest;
he deposits the same sum in this Nations
Savings Bank he receives 70 dollars. Fo
those who wish to find safe, convenient
and profitable means of investing the surplu
earnings which they lave reserved for thei
old age or for the benefit of their oh ildren
there is nothing which presents SO man.
advantages as this National Loan.
1t is convertible into six per cent. gold
bearing bond. At the expiration of thre
years holder IF the notes of the 100 LOAF
has the option Of accepting payment in full
or of funding his notes in six per cent gol,
interest bond, the principal payable in no
less than five nor more than twenty year
from its date as the Government may elect
For six months past, these bonds have ranges
at an average premium of about eight pc
cert. in the New York market. and have sol
at 100 Today tAug. l2th,1 thus making tn
real rate of interest over ten per cent; an
besides, to mako tie inducement even great
ef, Congress by special act exempsi its Urea
sury notes from states and municipal taxa
ton. Could Shylock ask more9 Was patr
otism ever SO literally rewarded3--R@
, Magazine
I Waated.--A smart active boy to learn tn