The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1865-03-10

hhy ID bHls AOdu catie0 the seven
Thirty" Loan?
Ansl0er:
1t bears Interest, in currency, at the rat,
of Seven Dollars and thirty cents, each
year, on every hundred dollars; making
the interest as follows:
One cent per day on each S so note.
Two cents 100 e"
Ten 500
Twenty 1000
One dollar " 5000
ID Question
When and how can they be obtained2
Ansloer:
They are for sale, at par, and accrued in
terest, by all Sub Treasures, National and
other Banks, and all Bankers and Brokers.
3D. Question:
When is the interest payable, and how
can it be collected?
AnsaOer:
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,
U. S. depository, National or other Bank or
Banker.
4tA Question:
When must the Government pay off these
7-SOs2
Ans1oer:
They are due in two years and half
from the 18th of February. 1855, viz, on
the 18th of August, 1867.
5tA Question:
Must receive back my money as soon as
1852
AnsWer:
No not unless you yourself prefer to 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-bsaring
o per cent. Loan.
9Th Question:
How much do you consider this privilege
Of conversion into 500 Loan to be worth
Ans,osr:
5-2O's bearing Gold Interest from 1st Of
November, are, to-day, worth 9per cent.
premium. II they are worth no more at
the end of the two years and half, when
you have a right to them, than they nor
are, this premium, added to the interest
you receive, will give you at least ten per
cent. per annum for your money but the
opinion is that they will be worth more than
per cent. premium at that time.
7h Question:
What other advantage is there in invest
ing in the 7-9O Loan?
Ans0er;
They cannot be taxed by States, Coun-
ties, or Cities, and this saves you two to five
per cent. on your income, as all railroad
and other bonds, and stocks, mortgages, &C.,
are taxed, not only by the Government, but
by States, Counties and Cities.
8h Question:
How does the Government raise the money
to pay the interest, and is it safe and sure?
Ans1Cer:
The Government collects, by taxes, inter-
nal 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 IS
soon as the war is ended, the amount not
needed to pay the interest will be used in
paying off the debt. Our Government has
t1sice paid of all her debt, and can easily
do so again. The interest is sure to be paid
promptly, and the debt itself is the very
safest in the world. It is as safe as mort
gage on good farm, and pays better in
terest. It is, in fact, First Mortgage on
all lands, all incomes, all railroad and canal
bonds, and bank or other stocks, mortga-
ges, &c.
Nothing can be safer, for we are all
bound for it, and all 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 greenbacks, or purchase mOrtss-
ges or railroad stocks and bonds, which pay
only or per cent. interest, when these
Seven -Thirties pay counting tha premium
on Five-Twenties) over 10 per cent, and
so much safer and surer.
9h Question.
How many Seven-Tbirties are there, and
how much remains unsold?
Ans,0er
There are only about three hundred and
twenty-five millions authorised by law, and
only about one hundred and ninety mil
lions remain unsOld.
IOth Question:
How long will it take you to sell the bal
anee?
Ans,Oer:
There arc about 500 National Banks all
engaged in selling them; alsOa large num-
Der of the old banks, and at the least three
thousand Of private bankers and brokers,
and special agents viii be engaged in sll
parts of the country in dispOsing of them
to the people.
liza Question
How long will it take TO sell the whOlef
Ansloer;
In less than three months they will be
ali sold, and will no doubt then sell at
premium, as was the case with the old
Seven -Thirties, the first Tweuty-Year
Loan, and the Five -Twenties.
The above questions and answers, it IS
believed, win 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 all
questions, and 70 furnish the seven-Thir-
ties in small or large sums (as the notes are
issued in denomination OF $50, slOO, $500,
$1,000 and S5OOO) and to render it easy for
all 10 subscribe-thus fulfilling the iDstrue-
tions Of Mr.. Fessenden, who earnestly de-
sires that the people of the whole land las
we'll as the caPitalists} shall have every op- /
portunity afforded them Of obtaiEing
portion Of fhis most desirable iHBesfmsnt.
LEr soEE DELAY, But sUBscRrBE AT oxoK.
For Sale and Subscriptions received BY
FIRST NATIONAL BANK,
SAsHyB&E, TEsNEssEE
J. 6. OGDEN, "a. G. SANFORD,