The Plymouth weekly Democrat. (Plymouth, Ind.) 1860-1869, 1865-03-23
VOLUME 10.
Interesting Questions and An
syyers relative TO the 1870 u. 5.
Loan.


sHers relative to the 1870 u.
Loan.
Mr. JAY COOKE, of Philadelphia, VIII
for so long time had the management
OF the popular 100 million $50 Lean, Ia
just been appointed by Secretary Fessen
den, the General Agent TO dispose Of tn,
only popular Loan now offered for sale by
the Government, viz: the SEVEN
THIRTY"
In entering upon his duties be desire.
to answer plainly the large nu nbcr Of
questions daily and hourly propounded
to him, so that his fellow-countrymen may
ali understand what this ''jSeven-Th;rty
Loan is-what are its peculiar merits.-
how they can subscribe for or obtain the
notes, Dc.
lst Question. Why is this Loan called
the ''Seven-Thirty" Loan?
4asccr 1t bears Interest, in currency,
at the rate of Seven Dollars aud thirty
cents, each year, on every hundred dol
lars; making the interest as follows:
One cent per day on each 80 note
Two cents . leo :.
Ten SOC
Twenty 1850 .
One Dollar = " 5000
2d Question. When and how can they
be obtained
Auswer They are for sale. at par, and
accrued interest. by ali Sub Treasuri Va
tional and other Banks. aud all Bankers
and BROKERS
81 Question. When is the interest pay
able and how can it be collected?
1as0-r The Coupons or Interest Tick
cts are due 25th OF February and 18th of
August in each year, and can be cut of
from the note, and viii be cashed by any
Sub-Treasurer. L. s. Depository, National
or other Bank or Banker
In Questioa. When must the Govern
ment pay off these 1915?
-Aasref. They are due in two years
and half from the 10Th of February.
1863; viz: on the 10th Of August, 1867.
5th Question. 1Iust | receive back my
money 50 soon as 1867?
1asper 10. not unless Won Yourself
prefer 10 90 so-the Law gives you the
right TO demand from the Government. al
that time. either your money or an equal
amount al pa, OF the famous and popular
so Gold Barring per cent Loan
9Th Question. How much do YOU con-
slider this privilege Of conversion, into
90 Loan to be worth
-fnsrer 5.30s bearing Gold Interest
FROM lst OF November. are to-day worth Q
per eeat. premium. If they are worth no
more al the cul Of two years and d half.
when YOU have right to them. than they
now are TIL: premium added u .he inter
est you receive, viii give you at least 10
per cent. per annum for your money-but
the opinioa IS that they will be worth
more than Q per cent. premium at that
time
I'll Question What other advantage is
there in investing in the 80 Loan?
1nsver. 1t cannot be taxed 81 State
Counties. OF Cities. and this adds from enc
TO three per cent per annum to the net
income Of the holder according to the rate
Of taxation in various localities. All boads
and stocks, except those OF the United
Stats. ard all mortgages, e.. are faxed
not only by the Government, but by Safes.
Countiea and Cities.
Sh Question How does the Govern
ment raise the money 10 pay the interest.
and Is it safe aud sure?
Anssrer The Government collects. By
taxes. internal revenue, and dutie. on ina
ports, fully three hundred millions each
year This is near Y three times as much
as is needed to pay the interest on ali 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. Or
GorerRmeat has t,rtce paid IF all its deJt.
and can easily do SO again. The interest
is sure to be paid promptly, and the debt
itself l. the very safest investment in the
world. tits as safe as mortgage on a
good farm, and pays a better interest. 1t
Is, in fact, FIRST -Hortgoge on all lands,
a! incomes, all railroad and canal bonds,
and bank or other stocks, mortgages &c
Nothing can be safer, for we are al
bound for H. and all that we have is firmly
held for the payment of principal and in.
terest. How foolish those people are. who
keep their gold and ereenbacks idle and
locked up, or purchase mortgages or rail
road stocks and bonds, which pay only )
OF per cent. interest, when these Seven
Thirties pay Counting the premium on
Five-Twenties,) over ten per cent and are
so much safer and surer
9h Question. How many Seyen-Thir.
ties are there, and how much remains IN
sold?
AHseer. There are only about three
hundred and twenty five millions author
lied by law, and only about one hundred
aud ninety millions remain unsold.
10h Question. How long will it take
you To- sell the balance.
-Ans,c p. There are about 800 Nation =
al Banks all engaged in selling them; also
a large number OF the old banks, and at
least three thousand private bankers and
brokers, and special agents will be en-
gagged in all parts OF the country i'm dispo-