The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1865-05-03
Ned, 9obertisenrents,
Interesting Questions and An
swERs RELATIVE TO THE 7-3O u. S

oW 6ho nELAIifE ~ InG t-oO O-s Ne ~
e LOAN,
q Mr.. Jay Cooke, of Philadelphia, who for so
long a time had the management of the pepu-
lar 500 million 20 Loan, has just been ap-
pointed by Secretary FEssRSDEN, the General
Agent te dispose of the only popular Loan
now offered for sale bv the Government, viz
the "SEv vEN-THIRTY."
In entering upon his duties he desires to
answer plainly the large number of questions
daily and hourly propoundod to him, so that
his fellow conntrymen may all understand
what this ssSeven- Thirty Loan" is--what are
its peculiar merits,--how they can subscribe
for or obtain the notes, &c.
1sr QUESTION. Why is this Loan called
the sSeven-Thirty" Loan'
ASswsR. 1t bears interest, in currency, at
the rate of Seven Dollars and thirty cents,
each year, on every hundred dollars; making
the interest as follows:
One cent per day on each so note.
Two cents 'a /" 100 /"
Ten &c 500
Twenty ceuts" 1000 /"
One dollar 5000
axD ouEsrIox. When and how can they
be obtainedl
ANSWER. They are for sale, at PAR, and
accrued interest, by all sub-Treasuries, Ma
tional and other Banks, and all Bankers and
Brokers.
BIRD QUESTION. When is the interest paya.
BILE and how can it be collected?
ANSWER. The Coupons Interest Tickets are
due 18th of February and 18th of August in
each year, and can be cut off from the note,
and will be cashed by any Sub-Treasurer, U.
s. Depository, National or other Bank or
Banker.
Ara ouEsrrox. When must the Government
pay of these 7-30sf
ANSWER. They are due in two years and
half from the 18th of February, 1855; viz:
on the 18th OF August 1867.
5TE QUEsTroN. Must / receive back my
money so soon as 1867
ANSWER. Mol pot unless you yourself pre-
fer to do so--the Law gives you the right to
demand from the Government, at that time
either your money or an equal amount at par,
OF the famous and popular $40 Gold Bearing
Is per cent. Loan.
6rH QURsr1oN. How much do you consid-
er this privilege of conversion, into 90 Loan
to be WORTH
ANSWER. 520s bearing Gold Interest from
lst of November, are today worth per cent.
per annum. II they are worth no more at
the end of tho two years and half, when
: you have right to them, than they NOW are,
this premium added to the interest you re-
ceive, will give you at least 10 per cent. per
snnum for your money-but the opinion is
that they will be worth more than per cent.
premium at that time.
7rH QUESTION. What other advantage is
there in investing the 7-3O Loan?
ANSWER. 1t cannot be taxed by States
Counties, or Cities, and this adds from one to
three per cent. per annum to the net income
Of the holder, according to the rate of taxa
tion In various localities. All bonds and
$knIC C&c&.
al mortgages, &C., are taxed, not only by the
Government, but by States, Counties and
Cities.
srH QuEsrtos. How does the Government
raise the money to pay the interest, and is
IL safe and suref
ANSWER. The Government collects, by taxes
internal revenue, and duties on imports, fully
three hundred millions each year. This is
nearly three times as much as is needed tc
pay the interest on all the debt, and as soor
as the war is ended, the amount not needed
to pay the interest will be used in paying of
the debt. Our GovESMENT HAS TWICE PAID OFF
ALI Irs DEBT, and can easily do SO again. The
interest is sure to be paid promptly, and the
debt itself is the very safest investment in
the world. 1t is, in fact, First Mortgage on
ali lands, all incomes, all railroad and canal
bonds, aud bank or other stocks, mort
cages, &c.
Nothing can be safer, for we are all bound
for il, and all that we have is firmly held fol
the payment of principal and interest. How
foolish those people are, who keep their golt
and greenbacks idle and locked up. pur
chase mortgages or railroad stocks and bonds
which pay only or per cent. interest, WheI
these Seven -Thirties pay counting the pre-
mirm on Five-Twenties) over ten per cent.
aud are SO much safer and suer.
srH QuEsTIoN. How many Seven Thirtie
are there, and how much remains unsoldi
ANSWER. There are only about three hun
dred aud twenty five millions authorized b!
Law, and only about one hundred and ninet,
millions remain unsold.
10TH QUESTION. How long will it take yol
to sell the balance?
ANSWER. There are about 500 Nationa
Banks all engaged in selling them; also
large number of the old banks, and at leas
three thousand private bankers and brokers
and special.agents will be engaged ir all part
of the country in disposing of them to tn
people.
l1TH QUESTION. How long will it take I,
sellthe whole? s e4a4
ANSWER. In less than three months the,
will be all sold, and will no doubt then sell a
premium. as was the case with the ol,
Seven -Thirties, the first Twenty Year Loan, an,
the Fiye-Twenties.
The above questions and answers, It is be
Heved, will give full information to all, ]
not, the General Subscription Agent or any o
the Banks or Bankers employed to sell tn
Loan, will be glad to answer all questions
and to furnish the Seven-Thirties IN small o
large sums (as the notes are issued in demon
iuations of $50, 500, $500. 81 900 and $5, 900
and to render it easy for all to subscribe
thus fulfilling the instructions of Mr.. FRssEs
DIN, who earnestly desires that the people
.1<.l ~oIl oil
shall have every opportunity afforded ther
Of obtaining portion of this most desirabl
investment. e
LET NONE DELAY, BUT SUBSCRIBE A
ONCE, THROUGH THE NEAREST REsPoN
sIBLE BANK OR BANKERS.