Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1864-08-02

IETVH' w ~ T "7'TH T77'T
The 730 Government Loan.

Many Of the advantages Of this luiu are 4tlal..
rent on their face, bat there are Others tb4l viii
be best understood after Constellation. Amms
them there are,
Irs ABSOLUTE SEcUm TY Nearly au active
credits are now based on Government ne4tit.as.
Banks OF issue and SAVINGS banks Gold them u
large quantites-in many cases, m1io tbau tl.
entire amount Of their capitals-ard thew bold
them as the very best ami strouge, ayrstmrn.
they could possibly make II it Wer. g.-sI
10 contemplate the financial failure Of tua e. ~.
ern ment no bank would be any better 0r slar.
Savings banks that Illow their der,.ii1rs tut
five per cent can only pay interest or principal
IN gteenbacks VI notes Oi State banks. Buls
OF issue aud discount not ask or get AMY thing
better than Government paper 10 payment Vi
customers notes, AMI they prefer 70 ~ ull other,
for they are compelled % redeem their own
notes in that paper as the circulating % ilum
next to specie IN value. BY the issue NJ this
loan the L 5 Treasury becomes a Sdrings bank
for The people. There are noae stronger mono
more solvent and not one that pays w hjerqlIg
for the use OF money. You may deposit tity
dollars Or fifty thousand. The more you rut M,
the more you will aid and strengthen the Gov.
ernmenmen', and the nore valuable viii be the
remaining currency OF the country.
| It's Liberal INTEREST The genera rAr- of
interest Is six percent payable annually. This
lsseVen and three tenths, payable SEM annually.
II you lend on mortgage, there must bs a search.
ing Of titles, lawyers fees, stamp duties and
delays, and you will finally have returned o.
you only the same KIND Of money you would
receive from the Government, aud less 6flt
II you invest in this loan, you have no trouble,
| Ii there is no National bank at hand, any banker
will obtain it for you without charge, aud pay
you the interest coupon at the end OF SIX months
as most convenient form Of remittance 70 bis
city correspondent. II you wish g. borrow
ninety cents on the dollar upon it, sou have tis
highest security IN the market 10 d, o, with.
you wish to sell, it will bring within fraction
of cost ann interest at any moment Il will be-
very handy to have in the house.
! It's CoSvgRrIBILlTY INTO SIX Pfk CENT.
BoND Here comes an advantage thai mus not
be lost sight of At the expiration OF ttree
years holder OF the NOTES Of the 7-30 loau has
the option OF accepting payment in ia ], % 1t
tundNg his notes In SIX per cent. gold interest
bond the principal uayable IN not less than tive
nor more than twenty years from IT,. date 49,
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, aud have sold at l0q to-day
(July 2s) Before the war, U. 5. six per cent.
stocks sold at much higher rate-and were
once bought up by the u, 5. Treasury under
special act OF Congress at u premium OF not less
than twenty per cent. There is no doubt that
this option of conversion is worth at least two
or three per cent. per annum to the subscriber
to the loan. thus increasing the actual rate Of
interest to about ten per cent, Notes OF The
same class issued three years ago, now are
selling at premium that fully proves the cor
reotness OF this statement.
The Secretary Of the Treasury has been told
that he must buy money at the highest rate
necessary to command it !" that he should sell
his obligations for what they would bring"
90 ss to lead the market but the Secretary will
do No such thing Ii Shylock bought bonds at
80 in August, be would demand concession Of
another ten per cent. in September, and twenty
Ii October, until he would finally offer to lend
only the interest aud keep the principal Ii
Government securities are worth anything,
they are richly worth all their face calls Tor in
gold and the country is not 20 poor ia spirit
or in purse as To submit 10 any such sacrifice as
Shylook demaudS. There IL but limited supply
Of money seeking investment at any time, and
the Government offers to pay literally tor ats
use. At the rate OF seven and three.t enths per
cent. per annum, to say nothing OF the eollater.
al advantages, it is the strongest borrower in
the market, and every feeling OF interest, as
well as patriotism and duty, should induce our
readers to invest in its loans.