The Norfolk post. [volume] (Norfolk, Va.) 1865-1866, 1865-08-09
SEVEN-THIRTY LOAN.

SEVEN-THIRTY LOAN.
These Notes issued under date Of August 18TH 1864
and are payable three years from that time currency
or are convertible at the option of the older into
UNITED STATES 500 SIX PER CENT. GoLD-BEAR
ING BONDS.
These bonds are worth premium of nine Fer cent
including gold interest from November which makes the
actual profit the $50 loan at current rates. including
interest about per cent per annum besides its eren
tioa from State and municipal taxation, Vhich adds from
to three per cent more according to the rate levied on
ether property The interest Is payable semiannuay by
coupons attached to each note which may be cut OF and
sold to any bank or banker
The interest amounts to
One cent per day ona $50 note
Two cents /" 500
Ten $500
40 a" $1,000 "
Il =" $4,000
Notes Of all the denominations named will be promptly
furnished upon receipt of subscriptions. This is
THE ONLY"LOAN IN MARKET
offered by the Government and 1t 10 confidently ex.
pscted that its superior advantages will make it the
GREAT POPULAR LOAN OF THE
PEOPLE.
Less than s2000OoOoo remain unsold, which will proba-
bly, be disposed of within the next sixty or ninety days
when tho notcs will undoubtedly command PREMIUM
has uniformly been the case on closing the subscriptions
to other Loans.
In order that citizens Of every town and section tbe
country may 10 afforded facilities taking the loan the
National Banks State Banks and Private Bankers through
out the country have generally agreed to receive subscp
lions at par Subscribers will select their agents in
whom they have confidence and who only are to be
sponsblc for the delivery of the notes for which they
seivs orders. JAY COOKE,
Subscription Agent Philadelphia.
Subscriptions will be received by the Exchange Nation
al Bank of Norfolk, Virginia
FACTS ABOUT THE 7-3O's-THE AID
VANTAGES THEY OFFER.
THEIR ABSOLUTE sEcuRr1r-Ncariy all active credits
now based on Government securities and banks hold he
as the very best and strongest investment they make
If it were possible contemplate the financial failure of
the Government no bank would be any safer II money
is loaned on Individual notes or bond and mortgage ii
will be payable in the currency the Government
pays with, and no better Tho Government never has
filled to meet Its engagements and the national debt is
first mortgage upon the whole property Of the country
Am stp 4 tn
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 as rule they are never below par and
often above.
Irs LIBERAL yTEREsrThe general rate of interest is
six per cont payable annually This and three
tenths payable semi-amnualiy 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 of It, you invest in this loan,
you have no trouble Any bank banker will obtain
for you without charge To each note bond affixed
five coupons or interest tickets due at the expiration of
each successive hayear The holder Of note has simp
y to cut off OF these coupons present to the nearest
bank or Government Agency and receive his interest," the
note itself need be presented at ALL Or coupon thus
payable will everywhere be equivalent when due, to
ney If you wish to borrow ninety cents on the dollar
upon the notes. you have tho highest security in tho mar
kst to do it with Ifyou wish to sell it will bring within
fraction Of cost and interest at any 1t will be
very handy to have in the house
IT'S CONVERTIBLE into six per cent godbearng bond
At the expiration of three years holder of the notes OF
the 7SO Loan has the option of accepting payment in fall
or Of funding hi. notes in per cent gonterestbon
the principal payable in not less than FIVE than
twenty years from its date the Government may elect
These bonds are held at such premium 70 make this
privilege worth two three per cent per annum an
adds 90 much to the interest Notes Of the class is
sued three years ago. are now selling at rate that fully
proves the correctness of this statement
Izs EXEMPTION FROM STATE or MUNICIPAL TAXATION
But aside from all the advantages we have enumerated
special Act of Congress erenps all bonds and Treasury
note, from local araon On the average this exemption
IL worth about two per cent per annum according to the
rate Of taxation in various parts of the country.
I7nA NATIONAL SAVINGS Baskerville this loan pre-
cents great advantages to large capitalists it offers special
Inducements to these who wish make safe and prota
bio investment Of small savings. is every way the best
ssvipg Bank; for every Institution of this kind must
somehow invest is deposits protaby order to pay in
tessst and expenses. They will invest largely in this Loan
o. the best investment But from the gross interest which
they receive they deduct largely for the expenses of
the Bank Their usual rate OF interest allowed to depos
tors per cent upon $500 The person who
invests directly with Government will receive almost 80
per cent Thus the who deposits $1,000 In
private Savings Bank receives so dollars year interest
he deposits The same sum In this National Savings Bank
he receives 70 dollars For those who wish to find safe
convenient and profitable ofinvsstiug thersurpus
earnings which they have reserved for their old age for
tho benefit of their children, there is nothing which pre-
senss 80 many advantages as this National Loan.