The Grand Haven news., 1865-03-08
Facts About the 7-30s--The Advan-
a tages they offer.

al oSei'o SiOuito dfo INV p<soS0 W wv
ernment securities, and banks hold them
as the very best and strongest investment
they can make. If il were possible to
contemplate the financial failure Of the
Government, no bank would be any safer.
If money is loaned on individual notes or
bonds and mortgages, it will be payable
in the same currency as the government
pays with, and no better. The Govern
ment never has failed tomeet its engage
ments, and the national debt is first mort
gage upon the whole country. While other
stocks fluctuate from ten to fifty, or even
a greater per cent, Government stocks
are comparatively firm. Their value is
fixed and reliable, beyond all other secur-
tiles; for while a thousand speculative
bubbles rise and burst, ms rule they are
never below par, and are often above.
Irs LIBERAL INrEREsr.--The general
rate of interest is six per cent, payable
annually. THIS is seven and three tenths,
payable sen,i-usnuaRy. If you lend on
mortgage, there must be a searching Of
titles, lawyers fees, stamp duties and de-
lays, and you will finally have returned
to you the same Kind Of money you
would receive from the Government, and
less of it. If you invest in this loan,
YOU have no trouble. Any bank or bank
er 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 half-year. The holder
of the note has simply to cut off one Of
these coupons, present il TO the nearest
bank or Government Agency, and receive
his interest; the note itself need not be
presented at all. Or a coupon thus pay
able will everywhere be equivalent,
when due, to money. If you wish TO
borrow ninety cents on the dollar upon
the note, you have the highest security
in the market to do it with. If you
wish 10 sell, it 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 six per cent.
gold bearing bond. AT the expiration of
three years a holder of the notes of the
7.3O Loan has the option Of accepting
payment in full or. of funding his notes
in six per cent. gold interest bond, the
principal payable in not less than five,
nor moro than twenty years from its date,
as the Government may elect. These
bonds are held at such premium as 10
make this privilege now worth two or
three per cent. per annum, and adds SO
much to the interest. Notes Of the same
class, issued three years ago, are now sell
ing at a rate that fully proves The correct
ness of this statement.
ITs EXEMPTION FROM STATE OR NUM-
cIPAL TAxATIoN.-B aside from all the
advantages we have enumerated, special
Act of Congress erenspts all bonds and
Treasury notes from local taration. On
the average this exemption is worth about
two per cent. per annum, according to the
rate Of taxation in various parts Of the
country.
| IT is A NATIONAL SAVINGS BANK
While this loan presents great advantages
TO large capitalists, it offers special in
ducemepts to those who wish 10 make a
safe and profitable investment of small
savings. 1t is in every way the best
Savings Bank; for every institution Of
this kind must somehow invest its
deposits profilably in order to pay inter
terest and expenses. They will invest
largely in this loan, as the best invest
ment. But from the gross interest which
they receive, they must deduct largely
for the expenses Of the Bank. Their usu-
nj rate Of interest allowed to depositors
is five per cent. upon sums over $500
The person who invests directly with
Government will receive almost so per
cent. more. Thus the man who deposits
$1,000 10 private Savings Bank receives
so dollars year interest; if he deposits
the same sum in this National Savings
Bank he receives 73 dollars. For those
who wish to find safe, convenient, and
profitable means of investing the surplus
earnings which they have reserved for
their old age or for the benefit of their
children, there is nothing which presents
so many advantages as this National Loan.
The HrGHrsr MorrvE.--The war is
evidently drawing 10 a close, but while
il lasts the Treasury must have money TO
meet its cost, and every motive that pat
riotism can inspire should induce the peo-
pla TO supply its wants without delay
The Government can buy cheaper for
cash 10 baud than on credit. Let US see
that its wants are promptly and literally
satisfied