The Cadiz sentinel. [volume] (Cadiz, Ohio) 1864-1911, 1865-03-08

Interesting Questions and AM
sWers Relative 10 the 7.SO Z. 3.
Loan.
MIR JAY Cooke, of Philadelphia, who
for 20 long a time had the management Of
the popular 500 million $50 Loan, has Just
been appointed BY Secretary Fessenden, the
UI.AR LOAN now offered for sale by the Gov
ernment, viz: the ''SEVEN-THlRTY."
In entering upon his duties he desires 70
answer plainly the large number of cues
tons daily and hourly prfpounded to him,
so that his fellow-countrymen may all un-
derstand what this 'Sevon-Thirty Loan is
what are its peculiar merits-hOw they
can subscribe for or obtain the notes, &c.
lst Question. Why is, shis Loan called
the 'Seven-Thirty" Loan?
Anaeor. L. bears Interest, in currency,
at the rate of Seven Dollars and thirty cents,
the interest as follows:
Two cents 4" 100
Ten " 500
Twenty cents q LOCO
I'd Question. When and how can they
be obtained2 l.t
Ansger. They are for sale, at par, and
accrued interest, by all Sub Treasures, Ma
tional and other Banks, and all Bankers
and Brokers. t-.
81 Question When is the interest paya-
Bile and how can il be collectedP
AHS,cer. The Coupons or interest Tick
cts are due 18th of February and 18th of
August in each year, and can be cut of from
the note, rand will be cashed by any Sub
Treasurer, y. s. Depository, National OF
other Bank or Banker.
4h Question When must the Govern
mcnt pay off these 1905.
Aasper. They are due in two years and
a half from the 18th of February, 1865;
viz on the 18th Of August, 1861,
5h Question. Mdst receive back my
money so. soon rs 1867!
Anacer. No! not unless you yourself
yrefer to do so--the law gives you the right
to demand from the Government at that
time, either your money or an equal a
mount at par, of the famous and popular
$40 Gold Bearing 6per cent Loan.
9Th Question: How much do you consid-
or this privilege Of conversion, into $50
Loan to be worth?
Ans,cer. 520s bearing Gold Interest
from lst Of November are, are to-day worth
9 per cent premium. If they are worth
no more at the end of two years and half,
when you have right to them, than they
nor are, this premium added to the inter
est you receive, will give you at least 10 per
cent per annum for your money-but the
opinion is that that they will be worth more
than per cent premium at that time.
7h Question. What other advantage is
there in investing in the I. 80 Loan?
-Ansrer. 1t clnnot 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 rates
OF taxation in various localities. AN bonds
and stocks, except those of the United
Stat s, AMI all mortgages, &c, are taxed,
not only by the Government, but By States,
Counties and Cities. -
SM Question. How does the Government
raise the money to pay the interest," and IL
it safe and sure?
AmS,Cer. The Government collects. by
taxes, internal revenue, and duties ON iEa-
ports, 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 Us soon us the war is endctl, tht
amount not needed to pay the interest vii
be used in paying off the debt. Our Gcc
! rrnDteaf has hcjce pnid of al its dedf, ant
| can easily do so again. The interest is sure
! to be paid promptly, and the debt itSeN i
the very safest Investment in the world II
| is as safe As Il mortgage ON good farm, and
! pays q better interest 1t is, in fact, Il FHs
! .ii0fg0ge on all lands, all incomes, all rail
road and canal bonds, and bank or otacl
stocks, mortgages, &c.
| No hing can be safer, for we are all bounE
for and I'll that we have is firmly held to1
the payment of principal and interest. How
foolish those people are, who keep their gelc
and greenbacks idle aud locked up, or pu
chase mortgages or railroad stocks ant
bunIs, which pay only 5 or 6 per cent. inter
est. when these Seven Thlrties pay (count
ing she premium on ve-Twenties,l owe
ten per cent, and are so much safer am
| surcr.
gh Qu(stjtm How many Seven-Thirtie
are the e, and how much remains ansoldI
in aoer There are only about three hun
j ell an tweny five millions authorized b.
law, an only about one hundred and ninet
m lions remain unsold.
10Th Question: How long will it tax
you to sell the balance?
Ansrcr. There are about 300 Nations
Banks all engaged in selling them; also
large number Of the old banks. and at leas
three thousand bankers and brokers, an
special agents will be engaged in all parts {
the country in disposing of them to th
people
liM Q"estim. How long will it take t
sell the whole? .
.4as,cer. In less than three months the
viii be all sold, and will no doubt then Sc
. premium, as was the case with the oil
Seven-Tnir les, the first Twenty Year Loan
aud the Five-Twenties.
The above questions and answers it is be
l:evcd will give full information to all. ]
not, the General Subscription Agent, or an
Of the Banks or Bankers employed to Sc
the Loan, will be glad to answer all queS
tions, and to furnish the Seven -Thirties j
small or large sums las the notes are issue
in denomination, of $50, $780, $500, 81, 90
and S., 900, ard to render it easy for all t
subscribe thus fulfilling the instructions {
Mr.. FesseDden, who earnestly desires tha
the people Of the whole land, las well as tn
capitalists,) shall have every opportunt
afforded them Of obtaining portion {
this most desTetJe Investment
/. LET NONE DELAY, But SUBSCRIBE A
ONCE, THROUGH THE NEAREST" REsPoNs
BILE BANK OR BANKERS.
=znEa-<D~-egnz~----
OII~-New oil discoveries are made
this vicinity every day We learn that O