, 1865-02-10
The Seven-ThIrtY Loan.
CHICAGO, February Q, 1865.

Editors Chicago Tribune:
Permit me to call the attention Of your readers
to Tue duty and necessity Of more liberal aid to
the Government in its financial matters, from the
rich and prosperous Northwest. At the present
time, the only danger Of IN unsuccessful termina-
tfon Of this war arises from the possibility Of d
failure on the part Of the Government in Its dnan-
c,al measures. Our country needs money, 1t offers
liberal raae Of interest for its use, and for aecu-
ritz the whole property and income Of it, citizens
Thus far, tho Northwest, while giving bounti-
ouslrfn men, has been sparing Of It's money, and
(the city Of Chicago and Sate Of Illinois are now
asking moro money from Congress to complete
its Ship Canal than has been invested by It's ciu~
zens in the ynrious securities Of the Government
since the wnr began.
The Secretary Of tho Treasury has recently Civ.
en- Into the hands OF Mr. Jay Cooke Of Philadel-
phis, tho MANAGEMENT Of the 7-so loan now On the
market Let the rich and prosperous Northwest
second his eforta to rep1euish the Treasury by
ep.edy and liberal subscriptions to the loan-
Aside from our duties as patriots IT, appeal TO
our pockets Ia most safe and profitable 1uyest-
The so gold bearing bonds with an acrunn'a-
Of ten per centin the New York market. De1Rcti the
ra1ue Of this interest at the preeent market rate
for coin, and the premium on the luce OF the bond
exclusive Of interest, Is ahOnt eeye1 per cent Al
the expiration oftwo and oae.hslf years the 7-5o
notes are convertible Into 590 gold bearing bonds
ic.. two and one-alt years Renee they arc 5-u slI
per cent gold bearing. bonds. Tha dldercnee IN
yaIuc then, between the two should 10 the dluet-
ence In yaue for two years and onehalf Of sl1 pei
cent IN gold pntd annually. or fifteen per cent for
The term, aud eeven and threc-tenths per cent In
twenty y-fre-oue hundredths for the term.
think 1t high rnte, to say Tint gold will rule
ut an average Of 130 for period Of two years and
a half from the present time; concede, however.
that It will md this will make the yafne OF fifteen
dollars Of interest received IN coin worth twenty-
two and bo1Oo do1urs In legal tenders received on
6-2J bond, against eighteen and a5-100 dollars IN
legal tenders received On 7.s0 note-a difference
In favor or tho $50 bond Of tour and 100 doa-s,
for which the purchaser Of the $40 has paid at
the present date as valued above, eeVen dollars:
Add to this sum the interest on his premium 81
the rate Of seven per cent per annurn for two and
oue-half years and the premium paid Will anouHt
to eight and 2510G dollars On each onc h4adrcd
dolars-or Just four dollars more than he Will have
received for bis difference In Interest between
$50 bond and 7-30 note.
IN other words, the purchaser, At this time Is
paying four per cent moro than It IA worth When
be can purchase q 7-30 note at par. ....
Both kind OF securities are By act Of Congress
| made free Of State and municipal taxation.
National Banks, Snte banks and private bank-
crs throughout tho country generally are author
lied to recelre subscriptions, and they are respou-
sble for the delivery OF the notes for which theT
| receive orders. EDw'D !. T1NKHAA,
| ra4h}ar g1 Nrt1nua1 Rink