The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1864-09-07
Thu. Seven Thiriiss-What arc thsys

We trust that a large portion OF our read
ers nave pondered the Appeal of Mr.. Fes>
sender, our new Secretary of the Treasury.
The purport OF it is that the People Of the
United States, acting as a'body through
their agent the Government, wish indiyidu-
ais 10 lend them two hundred mill ons OF
dollars for three years al seven and three
renths per cent. annual interest, payable
every six months. For this they offer
Treasury Noies-ihat is, in reality, notes
drawn and endor sed by every man in The
country. This loan is wanted for a great
national purpose, to effect which every
man, unless he be a traitor at heart if not
in act, is solemnly pledged.
The Appeal is addressed not merely TO a
few great capitalists, but also 10 The many
whose aggregate means constitute the mass
of the wealth of the land. The notes up
on which this loan is asked are from $50
upward. Every man who has fifty dollars
can take par; in this loan. Apart from pa
triotism and the duty which all owe 10 their
county, no investment is so desirable as
this.
1t is secure. Every dollar of every
man e property is pledged for the punctual
payment of the interest, and of the debt
when due. The security is increasing in
value. For some years before the war we
were earning 1000 millions a year more
than we spent. During the three years Of
the war, owing 10 the high prices and con-
slant demand for labor, we have earned
more than ever before No man who could
or would work has been idle; and, except
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 $40 l59, O0O, 900, of which $40,
957 ,44s $50 was in The Loyal States. This
valuation, according 10 the usual rule of
assessment, was not more than two-ihirds
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 IL 6-10 per cent.
per annum. In three years OF the war we
of the United States have certainly earned
1900 mill ions more than we have spent
apart from The war. The cost of the war
may be set down a; 1000 millions. De-
Quoting this from our net earnings, the Peo-
pie who are security for this loan are 1000
millions richer 10 day than they were
when the war broke out.
No other invesfment can be so easily
convertible. The man who has a 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 be
realized from any Other safe and convertible
investment. II is, moreover, readily col-
fected when due. To each note are afix-
ed five coupons" or interest tickets, due at
the expiration Of each successive half>yeaf.
The holder of a mole has simply TO cut off
one of these coupons, present it at III g
nearest bank or Government Agency, and
receive Lis interest ; The note itself need
not be presented at all. Or a coupon thus
payable will every where be equivalent,
when due, to money.
Thus, while this loan presents great adj
vantages TO large capitalists, it offers spe-
cial inducements 20 those who wish TO
make a 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 its deposits
pro6tably in order TO pay interest and ex-
penses. They will invest largely in this
loan, as the best investment. But from the
gross interest which they receive they must
deduct largely Tor The expense of the
Bank. Their usual rate of interest allowed
to depositors is Ave per cent. upon sums
over $500. The person who invests d.
rectly with Government will receive al
most so per cent more. Thus the man
who deposits $1,000 in a private Savings
Bank receives so dollars a year interest
if he deposits the same sum in this Nation.
al Savings Bank he receives 70 dollars
For those who wish TO find a safe, conve-
nieut, and profitable means OF investing
The surplus earnings which they have re-
served for their old age or for the benefit oil
their children, there is nothing which pre-
sents SO many advantages as this National
Loan.
II is convertible into a six per cent. gold
bearing bond. At the expiration of three
years a holder OF the noIes of the 100 loan
has the option OF accepting payment in full
or of funding his notes in a six per cen,
gold interest bond, the principle payable in
not less than five nor more than twenty
years from It's date as the Government
NAV elect. For six months past, these
bonds have ranged at an average premium
OF about eight per cent. in the New York
market, and have sold at 100 to-day (Aug
12th), Thus making the real rate of interest
over len per cent. and besides, TO make
the inducement even greater, Congress by
special act exempts its Treasury notes from
State and municipal taxation. Could Shy