Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1865-02-23
Facts About the 5-3Os--The Ad-
yantages they offer.

ihbiR hDopLUlE OECUhlTf, Nearly all
active credits are now based on Government
securities, and banks hold them as the very
best and strongest Investment they can
make. lfit were possible to contemplate
the financial failure of the Government, ne
bank would he any safer. If money is
loaned on individual notes or bond and
mortgage. it will be payable in the same cur.
rency As the Government pays with, aud no
better. The Government never has failed
to meet its engagements, and the national
debt is first mortgage upon. the whole pro
petty of the country. While other stocks
tuctnate from ten to fifty. even great per
cent, Government stocks are always com pa
ratively frm.. Their value is fixed and reli,
able, beyond all other securities for while a
thousand speculative bubbles rise and burst.
as rule they are never below par, aud are
often above.
Its Liberal INTEREST. The general
rate OF interest is six per cent Cayable
annually tbs is seven and three e-tenths,
payable scmiaRnUaM If you lend on
mortgage, there must bea searching Of titles
lawyers fees, stamp duties and delays, and
you VIII nnally have returned to You only
the same 6thd 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 banker will obtain it for Won
without charge. To each note or bond are
afhxed hvo coupons or interest tickets, due
at the expiration OF each successive halt-year
phe holder OF a note has simply to cut off
one oi 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 coupon thus nav.
able wilcverywhere be'equivalent, when due,
to money. lfyou wish to borrow ninety cents
on the dollar upon'the. notes, you have the
market to do it with Ifyou wish to sell il
will bring within fraction of cost and
interest at any moment. 1t will be very
handy to have in the house.
1T Is CoNvERTIBLE into six per cent.
go.d'bearDg bond. At the expiration of
three years holder Of the notes of the 80
Loan has the option Of accepting payment
IN full or of funding his notes in six per
cent. gold interest bond, the principal pay
able in not less than five, nor more than
twenty years from its date, as the Govern.
ment may elect. These bonds are held at
such premium as to make this privilege
now worth two or three per cent, per annu,n,
and adds so much to theinterest. Notes of
the same class issued three wears ago, ara
now selling vt a rate that fully proves the
correctness. OF this statement. f..
iiIrs EXEMPTION FROM STATE oa MUNT
CIPAL TAXATION. -But aside from all the
advantages We have enumerated, special
Act of Congress, eeembis all bond and
Treasury notes from local tGratioa. Ga the
average this exemption is worth about two
per cent. per annum, according to the rate
of taxation in various parts of the country.
In is A NATIONAL SAVINGS BANK. -.
While this loan presents great advantages to
large capitalists, it offers special inducement
OF small savings. 1t isin every way the best
Savings Bank for ovsry institution of this
kind must somehow invest its deposits
proftably in order to pay interest and ex
penses. They willinvest largely in this loan,
as 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 20
depositers is per cent. upon sums over
$500. The person who invests d;;, ectlv with
Government will receive almost SO per cent.
more; .aus inc man who deposits $1,000
,u private Savings Bank receives so
dollars year interest /; If he deposits the
same sum 10 this National Savings Bank be
receives 72 dollars. For those who wish to
and a safe, convenient, and profitable means
ot Investing the surplus earnings which they
have reserved for their old age or for the
benefit Of their children, there il noibing
which presents 50 many advantages as this
TaE HIomEsr MoTrvE. The war is
evidently drawing TO close, while it lasts
the Treasury must have money to meet its
cost, aud svsry motive thst patriotism can