Lewistown gazette. [volume] (Lewistown, Pa.) 1843-1944, 1864-08-24
The Seven Thirties What are they?

fessenden, our new Secretary OF tue Treas
ury. The 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 mil
lion Of dollars for three years, at seven and
three tenth per cent. annual interest, pay
able every six months For this they offer
Treasury Notes-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 sole1nly pledged.
The appeal is addressed not merely to a
few great capitalists, but also to 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 part in this loan. Apart from
patriotism aud the duty which all owe to
their country, no investment is so desira-
bic as this.
It's secure. Every dollar of every mans
property is pledged for the punctual pay
ment 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 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, 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 SIC, 5000, 600, of which sI0,-
657 AS, ,956 was in the Loyal States
This valuation, according to the usual rule
Of the actual cash value of the property.
The increase Of property in the Loyal
States during the last ten years was over
lZ6 per cent, or an average of II 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 2000 mil.
lions. Deducting this from our net earn.
ings, 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 Treasu,
ry note for $50, or Sl00. or 1000 dollars
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 aud con-
vertible Investment 1t is, moreover, read
lily collectable when due. To each note are
affixed FIVE " coupons" or interest tickets,
due at the expiration of each successive
half-year The holder of a note has simp
ly to cut off one of these coupons, present
1t at the nearest bank or Government
Agency, and receive his interest; the note
itself need not be presented at all. Or
coupon thus payable will everywhere be
equivalent, when due, to money.
Thus, while this loan presents greet ad-
vantages to large capitalists, it offers spe-
clal inducements to those who wish to make
safe and profitable investment of small
saving. 1t is in every way the best Saw
lngs' Bank; for every institution of this
kind must somehow invest its deposits
prohtably in order to pay interest and
expenses. They will invest largely il this
loan, as the best investment. But from
the gross interest which they receive thew
must deduct largely y for the expenses ofthe
Bank. Their usual rate of interest allowed
to depositors is 5 per cent upon sums over
S9VO. The person who invests directly
with Government will receive almost 30
per cent. more. Thus the man who depos
It's $1,000 in private Savings Bank
receives 80 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 safe, convenient,
and profitable means of investing the sur
plus earnings 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