Litchfield enquirer., 1864-09-01
The. -SeYen-JhIrties-What are They!

-s- The. -Seyen-ThIrties-vVhat are They?.
 We trust that large portion of our readers have pondered the Appeal of Mr Fessenden, our new Secretary of the Treasury. The pur- port Of it is. that the People of the United States. acting as a body through their agent the Government, wish individuals to lend them two hundred millions of dollars for three years, at seven and three-tenths per cent. an- I nual interest, payable every six months For this they offer Treasury Notes-that IS, Tn re- aiity. notes drawn and endorsed by every man Tn the country. The loan IS wanted Tor great national purpose, to effect which, every man, unless he be traitor at heart if not in act, is solemnly pledged.
 The Appeal is addressed, net merely to 6 few great capitalists, but also to the many whose aggregate means constitute the mass of
 the wealth of the land. The notes upon l which this loan is asked are from $50 upward.
 Every man who has fifty dollars, can take part ia this loan. Apart from patriotism and the duty which all owe to thelr country, no invest
 ment is so desirable as this.
 1t IS secure. Every dollar of every mans
 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 year more thar We spent. During l the three Years of the war. owing to the high
 prices and constant demand for labor, we have earned naore than ever before. No man who could or would work, has been idle; and, ex- cspt for the war, we have spent less than be-
 fore The total valuation of the property of l the United States. according to the census of
 1860, was S16, l59 GOO 900, of which $l0,957,- 44e,9o6 was in the Loyal States This valua- l ton, according to the usual rule of assessment,
 was not mdfe than two-thir,ls of the actual cash value of the property. The increase of property in the Loyal States during the last
 ten years was over 126 per cent, or an ave mge of; 12> 6-l0 per cent per annum. In thfee years: of the war, we of the United States have certainly earned 5000 millions more than we have spent apart from the war. The cost of the war may be se.s down at 200O
 millions. 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 con-
 vertible. The man who has Treasury note
 for $50, or. Sl00, or 5000, can turn it into
 money 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 It is, moreover. readily collecta-
 ble when due. To each note are affixed five
 :" coupons" or interest tickets, due at the ex-
 piration of each. successive half-year. The holder ee a note has simply to cut off one of
 these coupons, present it at the nearest bank
 or Government Agency, and receive his intel-
 est the note itself need not be presented at
 all Or coupon thus payable, will every.
 where be Equivalent, when due, to money. | Thus, while this loan presents great advan- tages to large capitalists. it offers special in. ducements.to those who wish to make a safe and profitable investment of small saving. It 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 expenses. They will invest large
 lv in this loan, as the best investment. But
 from the gross interest which they receive, they must deduct largely for the expenses of the Bank: Their usual rate of interest allow ed to depositors is per cent. upon sums over
 $500. The person who invests directly with Government, will receive almost 50 per cent. ] more: Thus the man who deposits 5000 in a private Savings Bank, receives 50 dollars q year interest; if he deposits the same sum in this National Savings Bank, he receives 73 15oltars.> For those who wish to find safe. ooriiiysnient, ard profitable means of investing
 the surplus earnings which they have reserved
 for their old age. or for the benefit of their
 children; ;sthere is nothing which presents so
 many, advantages as this National Loan.
 I It is convertible into six per ceAt. gold
 bearing bond. At the expiration of three years a9folher of the notes of the 7.30 loan
 has the option of accepting payment in fall For of funding his notes in a six per cent. gold interest bond. the principal payable in not less than five nor more than twenty years from it's date as the Government may 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 1O9 to day Aug. l2th.) thus making the real frate of interest over ten per cent and be- ! siies to make the lnducement even greater.
 Congress by special act. exempts its Treasury notes from state and municipal taxation. Could Shyock ask more? Was patriotism ever so literally rewarded ?-Harper's Magazine. A SUssT1rUTE BRoKER.-A story is told of Hartford substitute broker who visited