Year: 1864

Many Of the advantages of this loan
are apparent on their face, but there are
others that viii be best understood after
consideration Among them there are,


It's ABSOLUTE SEcuRlTY Nearly all
active credits are now based on Govern
ment securities. Banks OF issue aud
Savings banks hold them in large guam
iities-in many cases more than the en-
tire amount OF their capitals-and they
hold them as the very best and strong.
est investment they could possibly make.
If it were possible to contemplate the
financial failure Of the Government. no
bank would be any better or safer. Sa-
wings banks that allow their deposi,ors
bat five per cent can only pay interest
or principal in greenbaeks or notes OF
State banks Banks Of issue and dis
count cannot ask or get anything better
than Government paper in payment Of
customers notes, aud they prefer il 10
all other, for they are compelled 10 re-
deem their own notes in that paper as
the circulating medium next TO specie
in vaiue. By the issue of this loan the
u. 5. Treasury becomes Sdpiags bank
fer the people There are none strong
er-none more solvent, and not one
that pays so literally for The use Of mon
ey You may deposit ifty dollars or ff.
~ Thousand. The more yon put in, the
more you will aid and strengthen the
Government, and the more valuable will
be the remaining currency Of the coun-
try.


It's LIBERAL ISTEREsr The general
rate OF interest is six per cent, payable
annually. This is seven and three
tenths, pas able semi annually lf you
lend on mortgages there must be n
searching of titles, lawyers fees, stamp
duties and delays, and you will finally
have returned to you only the same kind
Of money you would receive from the
Government, and less OF it. If YOU in
vest in this loan, yoa have no trouble
Ii there is no National bank at hand,
any banker viii obtain il for you without
charge, and pay you the interest coupon
at the end Of six months as q most con
venient form Of remittance TO bis city
correspondent IL you wish to borrow
ninety cents on the dollar upon il, you
have the highest security in the market
to do it with. II you wish 10 sell, it will
bring within fraction Of cost and inter
est At any moment 1t will be very han
dy to have in the house.


It's CogyEKTAmHTY INTO A Six PER
CEST. BoED.-HeTe comes an advantage
that must not be lost sight of At the
expiration Of three years holder Of she
notes Of the T-30 loan has the option Of
accepting payment in full or Of funding
his note IN ak per cent gold interest
bond, the principal payable in not less
than i've nor more than twenty years
from its date as the Government may
elect For SIX months past these bonds
have ranged a. so average premium Of
about eight per cent in the New York
market, and have sold at 100 to-day (Ju-
ly 2S.) Before the war, q :. six per
cent stocks sold At much higher rate
and were once bought up by the Y. S.
Treasury under special act Of Congress
at a premium Of not less than twenty
| per cent There is no doubt that the op-
| ton Of this conversion is worth at least
two or three per cent per anuum TO the
| subscriber 10 the loan, thus increasing
the actual rate Of interest TO about ten
per cent Notes Of the same class IS
sued three years ago, are now seIliag at
q premium that fully proves the correct
ness Of this statement


The Secretary Of the Treasury has
been told that he must "buy money at
the highest rate necessary TO command
il; that be should sell his obligations
''for what they would bring" so as TO
lead the market; bat the Secretary will
do no such thing. If Shyloek bought
bonds at 80 in August, be would demand
. concession Of another ten per cent. in
1 September, and twenty in October, until
be would finally offer 10 lend only the
interest aud keep the principal If Gov
ernment securities are worth anything,
they are richly worth all their face calls
for in gold, and the country is not so
poor in spirit or in purse as to submit TO
any such sacrifice as Shylock demands.
There is but limited supply Of money
seeking investment at any time, and the
Government offers 10 pay literally for
its use At the rate Of seven and three
ienths per cent per annum, 70 say moth
ing of the collateral advantages, tits the
strongest borrower in the market, and
every feeling Of interest, as well as pc
triotism and duty, should induce our