The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1865-03-09
Interesting QuestiOas and An
swers Relative. 10 the 1.3O u. s.

sa'Mv Jay COOKE. of Philadelphia, who for
50 long a time had the -manage nent ofthe
popular 800 million $50 Loan, has just
been appointed bv SECRETARY FEssEND en-,
the GENERAL AsENt,to' dispose ofTHE ONLY
POPULAR LOAN now oferes for sale. by the
Government, viz: the "SEVEN- HIRTY."
n In entering upon hisi duties he desires tn
answer plainlyTihe large namber7ofques-
tons daily and hourly propounded &, him,
so that his fellow 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.
1st Question. Why is, this Loan called
the "Seven. Thirty" Loans. ..ya.. 4, {, 49,,
Ansaoer. :, 1t bears Interest, in currency.
at the rate Of Seven Dollars and thirty
cents, each year, on every hundred dollars !;
making the interest as follows. 49,. 3
One cent PEI. day. on each s:5ofnote.
Ten 500
Twenty ss72 .aM na 1000
One dollar 80, ".oifa ID 5000 "a I
+ Cd Question. When ard how can they
be obtained ? hssGaief4 ooa4 sar
Ans~sr They are for sale at par, and
accrued interest, by alisSdb- Treasures. Ma
tional and other Banks, and all Bankers
and Brokers. 'sea Gsa5 sE0a tfi,f1sfs8 .
Sd Question. when Il the interest pay
able and how can It be collected -
Anspsr z The Coupons or Interest Tick.
cts are due 18th 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, U. S.. Depository, National
or other Bank or Banker. ;" -
An Question. When must the Govern
ment pay off these 7.3Os2 -, 80 ~
I, Ans,esr. They are due in two years and
a half from the 18th of February. 1865 !;
viz on the 18th Of August, 1857.
9Th Question Must I receive, back my
money 50 s1on as 1887 - ~, !.
Ansver Mo- not unless you yourself
prefer to do 50 the Law gives You the
right to demand from the Government, at
that time. either your money or an equal
amount atpar, Of the famous aud popular
800 Ggla Bearing 6 PEI, cent Loan. ~.
| 9Th Question. How much. do you con-
slider this privilege Of conversion, into 5 30
Loan to be worth?
| Ansper. 5.2Os bearing Gold. Interest
from 1st Of November, are to day worth 8
per cent, premium. they. are worth no
more at the end of the. two years and 4
half, when you haves right to them, than
They nop are. this preniaa, adied to the
interest You receive, will give you al least
llo per cent! premiam at4hat time. ba9n a. /
nth Question What other advantsge Is
there in investing m z SO Ped edsi 70 Isrf
aq.A'assosr rIt cannot sbsttsxed bsstates,
ECountses.s or Cities. and sh,s adasssotn one
TO three percent. per aanun tosthe net ia
come of the holder, according tsithe rate rof
taxttionin various locatiess AIisbonds and
stocks, except those Of the United States,
and ali mortgages, &c, are taxed, not only
nv the Government But by States, Codn-
ties ana C;ties.sE u tsE9dsa81 Ia ssiE's5H
stA Question. How does The Govern
ment raise the money TO pay the interest,
and is it safe and suref a'aai gf'g oini
.Ansoer.i The FGosernthennti collects, by
ltsxes, internairevende,, and duties on i'm
ports, fully three hundred millions each
year. Thisis nearly three times as much