The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1865-02-24

Facts About the 5-3Os...The Advan.
KIN tages they Offer.
THEIR ABSOLUTE SECURITY. Nearly all &C.
tive credits are now based on Government &C.
curities, and banks hold them as the very best
and strongest investment they can make If
it were possible to contemplate the financial
failure of the Government, no bank would be
any safer. II money is loaned on individual
notes or bonds and mortgage it viii be pay.
able in the same currency as the Government
pays with, and no better. The Government
never has failed to meet its engagements, and
the national debt is a first mortgage upon the
whole property of the country. While other
stocks fuctuate from ten to fifty, or even q
greater per cent, Government stocks are al
ways comparatively firm. Their value is fixed
and reliable, beyond all other securities; for
while thousand speculative bubbles rise and
burst, "a rule they are never below par, and
are often above. nse -a.p8 ....l:..E cd.
Irs LIBERAL IsrKREsr.-The General rate
of interest is six per cent, payable annually.
This is seven and three-tenths, payable sens
annually. If you lend on mortgage, there
must be 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 Govern
ment and less fit. If you invest in this loan,
you have no trouble. Any bank or banker
will obtain it for you without charge. To each
note or bond are affixed five coupons or
interest tickets due at the expiration of each
successive halfyear. The holder of note has
simply to cut off one of these coupons, present
it to the nearest bank or Government Agency,
and receive bis interest; the note itself need
not be presented at all. Ora coupon thus pay
able will everywhere be equivalent, when due,
to money. If you wish to borrow ninety cents
highest security in the market to do it with. If
you wish to sell, it will bring within fraction
of cost and interest at any moment 1t will be
very handy to have in the house.
IT Is CONVERTIBLE into six per cent. gold
bearing bond. ct the expiration of three
years holder of the notes Of the 7.30 Loan
has the option of accepting payment in full or
of funding his notes in six per cent gold
interest bond, the principal payable in not less
than five, nor more than twenty years from its
date, as the government may elect These
bonds are held at such a premium as to make
this privilege now worth two or three per cent
per annum, and adds so much to the interest.
Notes of the same class, issued three years
ago, are now selling at rate that fully proves
the correctness of this statement
, It's EXEMPTION FROM STATE OR MUNICIPAL
TAxATIoN.-But aside from all the advantages
we have enumerated, special act of Congress
erempts all bonds and Treasury notes from tara-
ton. On the average this exemption is worth
the rate of taxation in various parts of the
country ...
IT IS National SAVINGS Baskerville
this loan presents great advantages to large
capitalists, it offers special inducements to
those who wish to make a safe and profitable
way the best Savings Bank; for every institu-
ton of this kind must somehow invest its de-
posts probably in order to pay interest and
expenses. They will invest largely 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 allowed to depos-
itors is per cent. upon sums over $500. The
person who invests directly with Government
ment will receive almost SO per cent more.
Thus the man who deposits $1,000 in private
Savings Bank receives $50 year interest; if
he deposits the came sum in this National Saw
ings' Bank he receives 70 dollars. For those
who wish to find a safe, convenient, and profit
able means of investing the surplus earnings
which they have reserved for their old age or
for the benefit of their children, there is moth
ing which presents so many advantages as this
National Loan.
THE HIGHEST MOTIvE.-The war is evident
ly drawing to a close, but while it lasts the
Treasury must have money to meet its cost,
and every motive that patriotism can inspire
should induce the people to supply its wants
without delay. The Government can buy
cheaper for cash in hand than on credit. Let
US see that its wants are promptly and literally
satisfied.