Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1865-03-03
Interesting Questions and Answers relative to tn


for so long a time had the management OF
the popular 500 million 5.205 Loan. has
just been appointed by Seer etary Fessen-
den, the General Agent to dispose OF the
only popular loan now offered for sale by
the Government, viz: the SEVEN
THIRTY"
In entering upon his duties he desires
to answer plainly the large mum Der OF
questions daily and hourly propounded to
him, so that his fellow-countrymen may
all understand what this ''7-30 Loan" is,
what are its peculiar merits, how they can
subscribe for or obtain the notes, &c.
1st Question. Why is this Loan called
the "Seven-Thirty" Loan?
Ans,oer. It bears Interest, in currency,
at the rate of Seven Dollars and thirty
cents. each year, on every hundred dol
lars; making the interest as follows:
One cent per day on each s 80 note
Two cents 100
Ten 8 800
Twenty 1000
One dollar & 5,OOO
I'd Question. When and how can they
be obtained
accrued interest, by all Treasures,
National and other Banks, and all Bank
ers and Brokers.
Sd Question. When is the interest pay
able and how can it be collected?
.Anslcer. The Coupons or 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, Z. S. Depository,
National or other Bank or Banker.
4th Question. When must the Govern
ment pay off these 7.30s?
ARSlCer. They are due in two years and
half from the 18th of February, 1865 !;
viz On the 18th of August, 1867.
5th Question. Must l receive back my
money so soon as 1867?
Ans1ver. No ! not unless you yourself
prefer to do so-the Law gives you the
riqht to demand from the Government, at
that time, either your money or an equal
amount at par, Of the famous and popular
5.20 GOLD BEARING 6 PER CENT. LOAN.
9Th Question. How much do you con-
slider this privilege Of conversion, into
5.20 Loan to be worth
Ansloer. 5.20s bearing Gold Interest
from 1st of November, are to-day worth
| 8 per cent. premium. If they are worth
no more at the end of the two years and
half, when you have right to them
than they noaU are, this premium added to
the interest you receive, will give you at
least TO per cent. per annum for your
money-but the opinion is that they will
be worth more than 9 per cent. premium
at that time.
III Question. What other advantage is
there in investing in the 7.30 Loan?
Ansscer 1t cannot be taxed by States,
Counties, or Cities, and this adds from one
to three per cent. per annum to the net in
come of the holder, according to the rate
of taxation in various localities. All
bonds and stocks, except those of the
United States, and all mortgages, &c, are
taxed, not only by the Government, but
by States. Counties and Cities.
8tb Question. How does the Govern
ment raise the money to pay the interest,
and is it safe and sure?
Ans,ver. 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 to pay the interest on
all the debt, and as soon as the war is
ended, the amount not needed to pay the
interest will be used in paying off the
debt. Our GOUef9en1eHt has tg0ice paid
off all its debt, and can easily do so
promptly, and the debt itself is the very
best Investment in the world. It is as
safe as a mortgage on a good farm, and
pays better interest. It is, in fact, a
First Mortgage on all lands, all incomes,
all railroad and canal bonds, and bank or
other stocks. mortgages, Se.
Nothing can be safer, for we are all
bound for it, and all that we have is firm
~ held for the payment OF principal and
who keep their gold and greenbacks idle |
and locked up, or purchase mortgages or
railroad stocks and bonds, which pay on
ly 5 or per cenS. interest, when these |
Seven-T -Thirties pay Counting the premi- |
um on Five-Twenties,) over ten per cent, |
and are so much safer and surer
9Th Question. How many Seven-Thir- |
ties are there, and how much remains un-
sold -?
Anseoer. There are only about three
h undred and twenty five millions author |
lied by law, and only about one hundred |
and ninety millions remain unsold.
10Th Question. How long will it take |
you to sell the balance?
Ansacer. There are about 800 National |
Banks all engaged in selling them; also |
large number of the old banks, and at |
least three thousand private bankers and |
brokers, and special agents will be en-
gagged in all parts of the country in dis
posing of them to the people.
11th Question. How long will it take
to sell the whole?
AnS11er. In less than three months
they will be all sold, and will no doubt
then sell at a premium, as was the case /
with the old Seven-Thirties, the first
Twenty ear Loan, and the Five-Twen-
ties.
The above questions and answers, it is
believed, will give full information to all
IF not, the General Subscription Agent,
Or any of the Banks or Bankers employed
to sell the Loan, will be glad to answer
Ill questions, and furnish the Seven -Thir-
lies In small or large sums (as the notes
are issued in denominations of $50, $100,
300, $1,000, and $4,000 and to render it
Easy for all to subscribe-thus fulfilling
he instructions of Mr.. FEssENDEN, who
earnestly desires that the people of the
Fhole land, Gas well as the capitalists } /.
hall have the opportunity afforded them
If obtaining portion Of this most desir-
C6te iRUeStnleRt
LET NONE DELAY, BUT SUBSCRIBE AT
ONCE, THROUGH THE NEAREST REsPoNs-
BILE BANK OR BANKERS.
THE COLUMBIA, SOUTH CAROLINA, BLUSTER.