Civilian & telegraph. [volume] (Cumberland, Md.) 1859-1875, 1864-08-25
THE OBSERVATION-DISCLOSURES
ARE THEY


We trust that large portion of our readers
have pondercd the Appeal of Mr.. Fessendcn
our new Secretary of the Treasury. The pur'
port of IL is that the People of the unitee
States, acting as body through their agent
the Government, wish individuals to lend then
two hundred millions Of dollars for three yeal'
at seven and three tenths per cent. annual IN
terest, payable every six months. For tins
they oiIcr Treasury Notes-tllat is, in reality
notes drawn and endorsed by every man in
the country. TIE loan is wanted for great
national purpose, to effect which every man,
unless he lie traitor at heart if not in act, Is
solcmnly pledged. ~
The Appeal is addressed not merely to few
great capitalists. but also the many whose az
rrcrntc means constitute the mass Uftlib wealth
of the land The notes upon which the loan
is asked are from 500 upward. Every man
who has fifty dollars can take part in this loan.
Apart from patriotism and the duty which all
owe 10 their country, no Investment is so desi-
rablc ms this.
1t is secure. Every dollar of every man
property Is pledged for the runctnal payment
Of the interest and of the debt when due
The security is increasing in value. For some
wears before the war we were earning 1000 NH
lions year more than We spent. During the
three years of the war, owing to the high
urices and constant demand for labor, we have
earned more than ever before. No man who
could or would work las been idle; and en-
cent for the war, we have spent less than be-
fore. The total valuation of the property OF
the United States, according to the census OF
1860. was SIG, 30, 900, 600, of which SlO,95I,'
las. $50 was in the Loyal States. This val
uation according to the usual rule OF assess
ment, was not more than two-thirds OF the ac-
tual cash value Of the property. The increase
of property in the Loyal States during the last
ten wears was over l2G per cent, or an average
of ~ Clio per cent. per annum. In thrce
years of war wcof the United States have Ger
tainly earned 5000 millions more than we have
amen, opayi from the war The cost of the wul
may be set down al 1000 millions. Deducting
this from our nett earning, the People Who arc
security for this loan are loco millions richer
to-day than cy were when the war BROKE
out.
No other investment can be so easily CONVEX
tiblc, The man who has II Treasury note ior
$50, or SEQ, or 3 0U0, can turn ii into money
mac readily, and upon better terms, than il II
we're invested upon bond and mortgage, or i'll
railroad stocks.
The interest offered is higher than can he
realized from any other safe and convertible
Investment 1T is, moreover, readily colecti-
BILE when due. To each note are affixed five
led bns, or interest tickets, due at the en-
piration Of each Successive lhilfyear. The
holder of note has simply to cut off one. Of
these coupons, present it atthe nearest bank OF
Government gency, and receive his interest
the note itself need not he presented at all -
Or coupon thus payable will everywhere b'
equivalent when due, TO money
| Thus, while this loan presents great adyan'
tages to large capitalists, it offers special in
Judgments to those who wish TO make sait
and profitable investment of small saving. II
is in every way the best Savings Bank fol
every institution of this kind must somehow
invest its deposits probably in order to pay
interest and expenses. They will invest large
| " in this loan as the hest investment. Bu
| from the gross interest which they receive the.
must deduct largely for the expenses Of TIN
] Bank Their usual rate of interest allowed #
depositors is per cent, upon sums over 5000
The person who invests directly with Govern
mcnt will receive almost so per cent more
Thus the man who deposits $1,000 in a privat
Savings Bank receives 80 dollars year inter
est; If he deposits the SAME sum in this Nation
al Savings Bank he receives 10 dollars. Fo
those who wish to find safe, convenient, ant
profitable means Of investing the surplus earn
ings which they have reserved for their oil
age or for the benefit of their children, there
nothing which presents so many advantages n
this National Loan.
II is convertible into n six per cent. gol'
bearing bond. At the expiration of tire
years q holder Of the notes Of the 7-30 LOAF
has the option of accepting naymcnt in full o
funding lis notes in six per cent. gold inter
est bond the principal payable in not less thai
| five nor more than twenty years from its dat
rs the Government may elect For six month
past, these bonds have ranged at an avcrag
premium of about eight per cent. in the New
York Market, and have sold at 100 to-da,
| (Aug. 18th. J, thus making thc real rate of in
tcrcst over ten per cent, aud besides, to MAKE
the induccmcnt even greater, Congress by spc
| -, ,,t . ;t.T St,t
and municipal taxation. Could Shylock asl
more? Was patriotism ever SO literally re
warded ?-Larpers Kagazine.