Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1865-02-24
Facts About the 7-3Cs-The
Advantages they offer.


TnEiI Absolute SECuRtTY.-Nearly
ali active credits are now based on Gov
cr,imcnt securities, and banks hold them
as the very best and strongest investment
they can make. II it were possible to
contemplate the financial failure of the
Government, 10 bank would be any safer.
If money il 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 Government
never has failed to meet its engagements,
and the national debt is a first mortgage
upon the whole property Of the country
While other stocks iuctuate from ten to
fifty, or even u greater per cent, Govern
mcnt stocks are always comparatively
firm. Their value is fixed and reliable,
beyond all other securities. for while n
thousand speculative bubbles rise and
burst, as d rule they are never below par,
and are often above.
Irs LIBERAL ISrE8EsT.-.-Th general
rate Of interest is six per cent, PAYABLE
annually. This is seven and three tcutlls,
payable semi annually. If you lend OH
mortgage, there must be searching oil
titles, lawyers fees, stamp duties and
delays, and you will finally have returned
to yea only Ike same kjmt of money you
would receive from the Government, and
less o. it. If you invest in this loan, you
have 10 trouble. Any bank or banker
will obtain it for you without charge. To
each note or bond are affixed five ''cou-
pons' or iaier6.l tickefs, due ut the cxpira-
ton CT each successive half-year. The
holder of a note has simply to cnt off one
OF these coupons. present it to the nearest
bank or Government Agency, and receive
his interest: the note itself need not be
presented at all, Or a coupon thus paya-
bic Will everywhere be equivalent, when
due, to money. If Yen wish to borrow
ninety cents on the dollar upon the notes,
you have the highest security in thc market
to do it with. If you wish to sell, it will
bring within a fraction of cost and i'll
tercst at any moment. 1t will be very
handy in the house.
IT is CONVERTIBLE into n six per cent.
gold-beariug bond. At the expiration OF
three years holder of the notes of the
100 Loan has the option of accepting pay
ment in full or of funding his notes in a
six per cent. gold interest bond, the rrinci-
yal payable III not less than five. nor more
than twenty years from its date, as the
Government may elect. These bonds are
held at such Z premium as to make this
privilege now worth two or three per cent
per aunUil, and adds SO much to the in
terest. Notes If the SAME class, issued
three years ago, are now selling at rate
that fully proves the correctness Of this
statement.
iTs EXEMPTION FROM STATE Or MINI
C!PAI. TAXATIoy.--But aside from al! the
advantages we have enumerated, special
Act Of Congress egsmpts al bouts ard
Treasury s0lcs from iordt taration. on
the average this exemption is worth ahoui
Two per c,Ht per annGin, according To thc
rate OF taxation in various parts sf the
country.
II Is A-NArIoNAL SAvINss BANK.-
While this loan presents great advantages
TO large capitalists, it ofers special induce.
ments to t!losc Who Wish to make a safe
and protah!a Investment of small saw
ings 1t is in every way the hest SAY lass'
Bank; for every institution Of this kind
must somehow invest iia deposits pro.ita-
bly, i'll order to pay interest and expenses.
They wiliinyest largely in this loan. as
the best investment. But from the gross
interest which they receive, they must
deduct largely for the expenses Of the
Bank. Their usual rate Of interest allow
ed to dcpositoFs is ) per cent. upon sums
over 500. The person who invests
directly with Government viii receive
almost 30 PEE cent. more. Thus the man
who deposits $lo93 ina private Saving .
Bank receives 20 dollars q year interest
if he deposits the sum in this National
Savings Bank he receives 30 dollars
For those who wish to End a safe, cen
venient, aud profitable means Of invest
Ing the sarplas earnings which they have
reserved for their old age OF for the benefit
Of their children, there is nothing which
presents SO many advantages tbs this Ma
tional Loan.
The IIlGuEsr MoTIyE-The war is
evidently drawing to a close, but while ii
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
iii hand than on credit. Let us see that
its wants are pro.aptly and literally satsli
ed.