Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1865-02-15
Facts About the 7-3Os--Tho Ad-
vnntnges they Offer.

Vmmlnke8 tDcy VACHs
THEIR ABSOLUTE SEcURITY.-Nearly all
active credits are now based on Govern
ment securities, and banks hold them as the
very best and strongest investment they
can make. If 1t were possible TO contem-
plate the financial failure OF the Govern-
ment, no bank would be any safer. If money
Is loaned on Individual notes or bond and
mortgage, it will be payable In the. same
currency as the Government pays with, and
no better. The eGovernment never has failed
to meet its engagements, and the national
debts first mortgage upon the whole prop
erty OF the country. While other stocks
fluctuate from ten to fifty, oreven greater
per cent, Government stocks are always
comparatively firm. Their value is fixed
and reliable, beyond all other securities; for
while thousand speculative bubbles rise
and burst, as rule they are never below
par, and are often above.
It's Liberal INTEREsT.-The general rate
of interest is six per cent, payable annual
ly. THIS is seven and three-tenths, payable
semi-dnnually. If you lend on mortgage,
there must be a 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 1t. Ifyou 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 half-year.
The holder OF note has simply to cut OIL
one of these coupons, present 1t to the near
est bank or Government Agency, and re-
eeiye his interest; the note itselfneed not be
presented at all. Ora coupon thus. payable
will everywhere be equivalent, when due,
to money. If you wish to borrow ninety
cents on the dollar upon the notes, you have
the highest security in the market to do 1t
with. If you wish to sell, 1t 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 a six per cent.
gold-bearing bond. At 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 a six per
cent. gold-interest bond, the principal pay
able in not less than five, nor more than
twenty years from its date, as the Govern
ment may elect. These bonds are held at
such premium as to make this privilege
now worth two or. three per cent. per an
mum, 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 MUNIc-
IPAL TAxATIoN.-But aside from all the ad-
vantages we have enumerated, a special Act
of Congress e1empts all bonds and Treasury
notes from local taxation. On the average
this exemption is worth about two per cent.
per annum, according to the rate of taxa
tion in various parts of the country.
IT is A NATIONAL SAVINGS BANK.-While
60 ntc orb of,ta opc N
capitalists, it offers special inducements to
those who wish to make a safe and profit
able investment of small savings. 1t is in
every way the best Savings Bank; for every
institution of this kind must somehow in
vest its deposits profitably in order to pay
interest and expenses. They will invest
largely in this aOan, as the best investment.
But from the gross interest which they re-
ceive, they must deduct largely for the ex-
penses Of the Bank. Their usual rate of
interest allowed to depositors is per cent.
upon sums over $500. The person who in
vests directly with Government will receive
almost 80 per cent. more. Thus the man
who deposits $1,000 in private Savings
Bank receives 80 dollars year interest; If
he deposits the same sum in this National
Savings Bank he receives 73 dollars. For
those who wish to find a safe, convenient,
and profitable means of investing the sur
plus earnings which they have reserved for
their old age or for the benefit of their chill
dren, there is nothing which presents so
many advantages as this National Loan.
THE HIGHEST MoTIvE.-The war is evil
IDENTIFY drawing to close, but while it lasts
the Treasury must have money to meet its
costs, 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 itswants areprompt-
ly and literally satisfied.