The Norfolk post. [volume] (Norfolk, Va.) 1865-1866, 1865-07-07

THEIR ABSOLUTE SCIENTIFICALLY all active credits
now based on Government securities and banks hold them
the very best and strongest investment they make
II it possible to contemplate the financial failure Of
the Government no bank would be any safer If money
is loaned on individual notes bond and mortgage it
will be payable in the same currency the Government
pays with, and better. The Government never has
failed to meet its engagements and the national dot is
first moftgage upon the whole property of the country
While other stocks uctuate from ten to fifty or even
greater per cent? Government stocks always compare
lively firm. Their value is fixed and reliable beyond all
other securities for while thousand speculative bubbles
rise and burst rule they never below par and are
often above. 5sgr ~
1Ts LIBERAL INTrRrsrThe general rate Of interest 10
six per cent? payable annually This seven and three
enths, payable senamnaolly If you lend 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 Government and less ofit you invest in this loan
you have trouble. Any bank or banker will obtain it
FIVE coupons or interest tickets due at the expiration of
each successive alfycar The holder of motto has mp
y cut off of these coupons present to the
bank Government Agency and receive his Interest," the
note itself need not BIO presented at ALL Or coupon thus
payable will everywhere be equivalent when due, to mo-
ney. you wish to borrow ninety cents on the dollar
upon the notes you have the highest security in tho
ket to do it with Iyou wish to sell II will bring within
fraction of cost and interest any moment 1t will be
very handy to have in the house.
IT is CONVERTIBLE into six per cent goldbearng bond
At the expiration Of three holder of the notes of
the o Loan has the option of accepting payment in full
funding his notes in six per cent godnerest bond
the principal payable in not less than Ave moro than
twenty years from its date the Government may elect
These bonds held at such premium to make this
privilege worth two three per cent per annum and
adds much to the interest Notes of the class Is
ed three years ago. selling OF rate that fully
proves the correctness of this statement
ITs EXEMPTION FROM STATE OR MUNICIPAL TAxArIoN.--
But aside from all the advantages have enumerated
special Act of Congress ezempts all bonds and Treasury
notes from local taxation On the average this exemption
worth about two per cent per annum according to the
rate of taxation in various parts Of the country.
LISA NATIONAL SAVINGS BANR-While this loan pre-
sents great advantages to large capitalists offers special
inducements to those who wish to make safe and proa
bic investment of small savings 1t is every way the best
Savings Banks for every institution of this kind must
somehow invest its deposits proftaby order to pay in
terest and expenses They will largely in this loan
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 deposit
tors is per cent upon over $500 The person who
invest. directly with Government will receive almost SO
per cent more, Thus the man who depbsts $1,000 in
private savng Bank receives 60 dollars year interest
If he deposits the same sum in this National Savings Bank
he receives 70 dollars For those who wish to find safe
convenient and profitable ofnvestng their surplus
earnings which they have reserved for their old for
the benefit of their children there nothing which pre-
sents SO many advantages as this National Loan.
jeT