The Norfolk post. [volume] (Norfolk, Va.) 1865-1866, 1865-09-14
al Bank of Norfolk, Virginia. .-4s
FACTS ABOUTTHE 7-30's-THE AD-
VANTAGES THEY OFFER.


THEIR ABSOLUTE sEcuHIrY.-NearIy all active credits are
now based on Government securities, and banks hold them
as the very best and strongest investment they can make
if it were possible to contemplate the financial failure of
tho Government, no bank would be any safer. If money
is loaned on individual notes or bond and mortgage, it
will be payable in the same currency as the Government
pays with, and no better. The Government never has
failed to meet its engagements and the national debt is a
first mortgage upon the whole property of the country
While other stocks luctuato from ten to fifty, or even a
greater per cent, Government stocks are always compare
lively firm. Their value is fixed and reliable, beyond all
other securities; for while a thousand speculative bubbles
rise and burst, as a rule they are never below par, and are
often above.
six per cent, payable annually. This is seven and three
tenths, payable semiannuaHy. If you lend on mortgage,
there must be a 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 of II. If you invest in this loan,
you have no trouble. Any bank or banker 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 successive ~halfyear. The holder of a note has simp-
ly to cut off one of these coupons, present it to the nearest
bank or Government Agency, and receive his interest the
note itself need not be presented at all. Or a coupon thus
payable will everywhere be equivalent, when due, to mo-
ney. If you wish to borrow ninety cents ON the dollar
upon the notes, You have the highest security in the mar
ket to do it with. If you wish to sell, it will bring within
a fraction Of cost and interest at any moment. II will be
very handy to have In the house.
IT IS CONVERTIBLE into a six per cent. goldbearing bond.
t the expiration of three years a holder of the notes Of
the 7-3o Loan has the option of accepting payment in full
or offunding his notes in a six per cent. gold-iuterest bond
the principal payable in not less than five, nor more than
twenty years from its date, as the Government NAV elect
These bonds are held at such a premium as to make this
privilege now worth two Or three per cent. per annu,n. and
aaus SO much to the interest. Notes of the same class, is
sued three years ago, are now selling at a rate that fully
proves the correctness of this statement.
ITS EXEMPTION FROM STATE OR MUNICIPAL TAXATION
But aside from all the advantages we have enumerated. a
"" het .oi OoHSress eTeMPtS all bonds and TlpdsifrU
notes. from local taration. On the average, this exemption
$ worth about two p0r cent. per annum, according to the
ate oil taxation in various parts of the country.
IT IS A NATIONAL SAVINGS BANK.-While this loan pre.
great advantages to large capitalists, it offers special
to those who wish to make a safe and p%rofita-
10 investment of small savings. IT is every way the best
avngs' Bank; for every institution of this kind mus
'mehow invest its deposits ~proitably in order to pay in.
and expenses. They will invest largely in this loan,
the best investment. But from the gross interest which {
receive, they must deduct largely for the expenses of
g Bank. Their usual rate of interest allowed to deposi
rs is B per cent. upon sums over $500. The person who
vests directly with Government will receive almost so
r cent more. Thus the man who deposits $1,000 in a I
waite Savings Bank receives 90 dollars a year interest,
he deposits the same sum in this National Savings Bank
receives 20 dollars. For those who wish to find a safe,
lvenicnt, and profitable means of Investing thpirsurplus
nings which they have reserved for their old age or for
benefit of their children, there is nothing which pre-
is so many advantages as this National Loan.
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