The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1865-02-23
Facts About the 7-30s---The Advantages
they offer.

| Facts About the 7-3uS---Aue advantages
they offer.
THEIR ABSOLUTE SECURITY.-Nearly
all active credits are now based on Gov
ernment securities, and banks hold them
as the very best and strongest investment
they can make. IF it were possible toI
contemplate the financial failure of the
Government, no bank would be any safer.
If money is loaned on individual notes OF
bond and mortgage, it will be payable in
the same currency as the Government
pays with, and no better. The Gov
ernment never has failed to meet its en-
gagements, and the national debt is a first
mortgage upon the whole property Of the
country. While other stocks fuctuate
from ten to fifty, or even greater per
cent, Government stocks are always CON-
paratively firm. Their value is fixed and
reliable, beyond all other securities; for
while thousand speculative bubbles rise
and burst, as rule they are never below
par, and are often above.
It's Liberal INTEREsT.-The general
rate of interest is six per cent, payable
annually. This is seven and three-tenths
payable semi-annaaUy. If you lend on
mortgage, there must be searching Of
titles, lawyers fees, stamp duties and de-
lays, and you will finally have returned to
you only the same kind 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 you without charge To
each note or bond are affixed FIVE "cou
pons" or interest tickets, due at the expi-
ration of each successive half-year. The
holder of a note has simply to cut of one
of these coupons, present it to the near
est bank or Government Agency, and re-
ceive his interest the note itself need not
be presented at all. Or coupon thus
payable will everywhere be equivalent,
when due, to money. If you wish to bor
row ninety cents On the dollar upon the
notes, you have the highest security in
the market to do it with. If you wish to
sell, it will bring within a fraction of cost
and interest at any moment. 1t will be
very handy to have in the house.
IT Is CONVERTIBLE into six per cent
gold bearing bond At the expiration Of
three years holder OF the notes of the
7-30 Loan has the option of accepting
payment in full or of funding his notes in
a six per cent. gold interest bond, the
principle payable in not less than five nor
more than twenty years from its date, as
the Government may elect. These bonds
are held at such premium as to make
this privilege now worth two or three per
cent per annum, and adds so much to the
interest Notes Of the same class issued
three years ago, are now selling at rate
that fully proves the correctness of this
statement.
It's EXEMPTION FROM STATE OR MU-
NICIPAL TAXATIoN.-But aside from all
the advantages we have enumerated, a
special Act of Congress e,cempts all bonds
and Treasury notes from, local taration.
On the average this exemption is worth
about two per cent per annum, according
to the rate of taxation in various parts off
the country.
II Is A NATIONAL SAVINGS BANK
While this loan presents great advantages
to large capitalists, it offers special in
ducements to those who wish to make a
safe and profitable investment of small
savings. 1t is in every way the best
Savings Bank; for every institution OF
this kind must somehow invest its de-
posits proftably in order to pay interest
and expenses. They will invest largely
in this loan, as the best investment. But
from the gross interest which they re-
ceive, they must deduct largely for the
expenses Of the Bank. Their usual rate
Of interest allowed to depositors is 5 per
cent. upon sums over $500. The person
who invests directly with Government
will receive almost 80 per cent more
Thus the man who deposits $1,000 in
private Savings Bank receives so dollars
a year interest if he deposits the same
sum in this National Savings Bank he
receives 73 dollars. For those who wish
to find safe, convenient, and profitable
means of investing the surplus earnings
which they have reserved for their ol3
age or for the benefit of their children.
there is nothing which presents so many
advantages as this National Loan.
THE HIGHEST MoTIvE.-The war is
evidently drawing to close, but while
it lasts the Treasury must have money
to meet its cost, and every motive that
patriotism can inspire should induce the
people to supply its wants without delay.
The Government can buy cheaper for
cash in hand than on credit. Let us see
that its wants are promptly and literally
satisfied.