The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1865-03-14
NO. goo.
Questions end Answers
RELATIVE TO THE
z-3O II. -. Loan.
The only PePuisr Loan now offered for sale
BY ths Eosernmsnl. viz the
"SEVEN-THIRTY

lst Question.
Why is shi, Loan called the Seven
Thirty" Loan?
Ansscr.
Il 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 5 SO note.
Two cents Zoe
Ten 500 ="
Twenty Ioeo
One dollar 5000 g
"a Question
When and how can they be Obsaineds
Aaswer.
They are for sale, at par, and accrued in
terest, by sll sub-Treasuries, National and
other Banks, and all Bankers and Brokers.
Sd Question.
when is the interest payable, aud how
can it be collected
Ans,0er.
| 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 csshed by any sub-Treasurer,
U. s. Depository, National or other Bank or
Banker.
4R Question.
When must the Government pay OF these
7-SOs2
Anssosr:
They are due in two years and a half
from the 18th Of February, 1885. viz, on
the 18th of August 1867.
5tA Question.
Must I receive back my money as soon a.
1882
Ans,oer,
No not unless you yourself prefer 20 do
so--the Law gives you the right to demand
from the Government, Of that time, either
your money or an equal amount, at par, Of
the famous and popular $50 Goid-5earing
o per cent. Loan.
GA Question.
How much do you consider this privilege
of conversion into 20 Loan to be worth
Ansver:
5-2O's bearing Gold Interest from lst Of
November, are, to-day, worth per cent.
premium. II they are worth no more at
the end Of the two years and half when
you have q right to them, than they no0
are, this premium, added to the interest
you receive, viii give you al least ten per
cent. per annum FOR your money but the
opinion is that they will be worth more than
9 per cent. premium at tina, time.
7h Question:
What other advantage is there in invest
ing in the 80 Loan2
Ansi0cr:
They cannot be taxed by States, Coun-
ties, or Cities, aud this saves you two 20 Eve
per cent. on your income, as al railroad
and other bonds, and stocks, mortgages, &C.,
are taxed, not only by The Government, but
by States, Counties and Cities.
sA Question.
How does the Government raise the money
to pay the interest, and is il safo and sure?
Ansloer.
The Government collects, by taxes, inter-
nal revenue, and duties on imports, fully
three hundred millions each year. This Is
nearly three times a. much as Is needed 10
! pay the interest on all the debt, aud %
soon as the war is ended, the amount not
needed 70 psy the interest viii be- used in
paying of the debt. Our GoucrnmeHt has
t,Ciee paid OF az her debt, and can easily
do so again. The interest is sure % be paid
promptly, and the debt itself Is the very
safest in the world. Il is as safe a. a mort
gage on good farm, and pays better in
terest. Il is, IN fact, First Mortgage on
all lands, ali incomes, Ell railroad and canal
bonds, and bank or other stocks, mortga-
ges, &c.
Nothing can be safer, for we are all
bound for il, and al that We have Is held
and firmly bound for the payment Of prin-
cipal and interest. How foolish those peo-
pie are, who keep idle, and locked up, their
gold and greenbaeks, or purchase moriga-
yes or railroad stocks and bonds, which pay
only OF psr cent interest, when these
seven Thirties pay counting TIA premium
on Fiys-Twenties) over 10 per cent, and
80 much safer and surer.
sh Question.
How many Seven -Thiriisa are there. and
how much remsins unsoidg
Ansosrs
There are only about three handred snd
twenty-five millions authorised By law, and
only sbous one hundred ani ninety mil
lions remain unsold.
lo,A Question:
How long will it take you 70 sell the bal
anesy
Ans'eers
There are about 800 NasS6aal Banks ali
engaged in selling them also large mum
Der Of the old banks, and Al the least three
thousand OF private bankers and brokers.
snd special agents viii be engaged ia eli
parts Of the country IN aisPosing Of them
to the people.
| liza Question
How long viii It take 70 sell ne whole
AHsrsr;
IN less than three moHihi they viii DO
al sold. and will no doubt then sell a.
premium, a. was the case with The old
seven-Thirtiss, the 6st Twenty Year
Loan, and The Five-TWenties-
The above questions and snsEers, % Is
believed, win give fan iniormation 81 all
n not, She General Subscription Agent, Or
any Of the Banks or Bankers employed %
sell the Loan, VIII be glad - answer All
questions and . luruish she ssgeu-Thir..
ties 10 small Or large saIns (as the notes are
issued in denominations Of so, slo0, $500,
$1,000 ahd $4,000, aud 70 render il easy Tor
al % subseFibe--thus fulfilling she instruc-
tious Of Mr. Fssssnden, s.ho earnestly De-
sires that the people Of she whole land (as
well as the capilalisial shall have every op-
yortunify afforded them 81 obtaining q
portion o. fiis aost desiro5le sasssBssai.