The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1865-03-04
Interesting Questions and Answers
relative to the 7-3O U. S, Loan.

! 4uOSISSt4uS &uSSC1OuS tNu0 kAu0WSIS .
relative to the 7-3O U. S. Loan.
I Me. JAY Cookr, Of Philadelphia, who for
j so long time had the management of the
popular 500 million $50 Loan, has just
been appointed by SECRETARY FEssENDEN,
the GENERAL AGENT to dispose Of THE ONLY
/ POPULAR LOAN now offered for sale by the
Government, viz the ''sEvEN-THIRry.'
| In entering upon his duties he desires to
answer plainly the large number OF ques-
tions daily and hourly propounded to him,
so that his ow-countrymen may all un-
derstand what this "Seven Thirty Loan" is
what are its peculiar merits,-how they
can subscribe for or obtain the notes. &c.
| Isl Question. Why is this Loan called
the "Seven-thirty" Loan?
Answer II bears Interest in currency, at
the rate 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
/ Ten g g. :. 500 +"
I Twenty g " 1000
/ One dollar $ :" 5000
! I'd Question When and how can they be
! obtained
| Answer. They are for sale, at par, and
accrued interest, by all Sub Treasures, Ma
| tional and other Banks, and Bankers and
Brokers.
Sd Question. When is the interest paya-
ble and how can it be collected
Answcr. The Coupons or interest Tickets
are due 18th of February and 10Th of Au-
gust in each year, and can be cut off from
the note, and will be cashed by any Sub
Treasurer, U. S, Depository, National OF
| other Bank or Banker
4tA Question. When must the Govern
ment pay off these 1905?
AnsWer. They are due in two years and a
half from the 18th of February, 1865; Wis. :
/ on the 18th of August 1867.
5M Question. Must ] receive back my
money so soon as 1867?
Ans,cer. No! not unless you yourself pre-
fer to do so-the Law gives you the right
to demand from the Government, at that
time, either your money or an equal amount
at par, of the famous and popular 500 Gold
Bearing per cent. Loan.
9Th Question. How much do you consider
| this privilege of conversion, into $40 Loan
to be worth
Answer. 520s bearing Gold Interest from
1st of November are to day worth 9 per
cent. premium. If they are worth no more
at the end of the two years and a half, when
you have right to them, than they now
are, this premium added to the interest you
receive, will give you at least 10 per cent.
per annum for your money-but the opin-
! ion is that they will be worth more than
per cent. premium at that time.
It'll Question. What other advantage is
there in investing in the 7-30 Loan ?
AnsUer. 1t cannot be taxed by States,
Counties, or cities, and this adds from one
| to three per cent. per annum to the net in
come Of the holder according to the rate
Of taxation in various localities. All bonds
and stocks except those of the United
States, and all mortgages, &C., are taxed,
not only by the Government but by States,
| Counties and Cities.
! 9th Question How does the government
raise the money to pay the interest, and IS
i. safe and sure?
Answer. The Government collects. by
taxes, internal revenue. and duties on i'm
ports 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 as soon as the war is ended, the
amount not needed to pay the interest will
be used in paying off the debt. Our G0ser'
neat has tsoice paid off all its debt, and car
easily do so again. The interest is sure tC
be paid promptly, and the debt itself is the
very safest investment in the world. it is
as safe as a mortgage on good farm. anc
pays better interest. 1t is 10 fact, q Frs
Mortgage OH all lands, all incomes, all rail
read aud canal bonds, and bank or othel
stocks, mortgages, &c.
Nothing can be safer, for we are all bound
for it. and all that we have is firmly beiC
for the payment of principal and interest
How foolish those people are who keer
their gold and greenbacks idle and lockec
up, or purchase mortgages or railroad
stocks and bonds, which pay only 5 or
percent interest. when these Seven-Thirtiei
pay Counting the premium on Five-Twen
ties.) over ten per cent, and are SO mnct
safer and surer.
9th Question How many Seven Thirtiel
are there, and how much remains unsold q
t 1ns,eer. There are only about three hun
dred and twenty-five millions authorized by
law, ard only about one hundred and nine
ty millions remain unsold.
10Th Question. How loug will it take yo'
to sell the balance? a asii
l4asmer. There are about 500 Nationa
Banks all engaged in selling them also
large number of the old banks, and lat leas
three thousand private bankers and brokers
aud special agents will be engaged in al
parts Of the country in disposing'of then
to the people.
I'LL Question How long will it take t.
sell the whole ?
Ausuer. Unless than three months the.
d will be all sold, and will no doubt then sci
at a premium, as was the case withathe ole
Seven Thirties, the first Twenty Y ear Loan
and the Fve-T -Twentes. a 9
The above questions and answers, it i
believed, will give full information to all
!, If not, the General Subscription Agent, o
any of the Banks or Bankers employed tc
sell the Loan, will be glad to answer al
questions, and to furnish the Seven-Thir
i ties in small or large sums (as the note
are issued in denominations of $50, $l0O
$500, $1,000 and $5,000,) and to render i
easy for all to subscribe thus fulfilling tn
instructions Of Mr.. FEssENDEN, who earnest
, ly desires that the people of the whole land
las we'll as the capitalists,) shall have eve
ry opportunity afforded them of obtainin!
portion of this most desirable Investment
LET NONE DELAY, BUT SUBSCRIBER AT ONCE
THROUGH THE NEAREST REsPoNsIBLE BANT
OR BANKERS.
The American Flag.
The History Of our Flag is as follows =
The flag during the confederation wa