The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1865-05-03
Facts About the = -30s-The
Advantages they offer.


THEIR ABSOLUTE sBCURITY.-Nearlya all
active credits are now based ON Government
securities, and banks hold them as the very
best and strongest investment they can make
IL it were possible to contemplate the inan-
cial failure of the Government, no bank
would be any safer. II money is loaned on
individual notes or bond and mortgage, il
will be payable in the same currency as the
Government pays with, and no better. The
Goyernment 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 a greater per cent, Gov
ernment4 stocks arc always comparatively
ism. Their value is fixed and reliable, be-
yond all other securities; for while a thou
sand speculative bubbles rise and burst, as
rule they never below par, and often
Bbove. .e5cF s9
| Irs LIBERAL INTEREsT.-The general rate
of interest is six per cent, payable annually.
THIs is seven and three-tenths, payable semi
ANNUALLY. If you lend mortgage, there
must be serching of titles, lawyers fees,
stamp duties and delays, and will finally
havo returned to you only the same kind of
money you would receive from the Govern
ment, 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 "coupons"
or interest tickets, due at the expiration of
each Successive half year. The holder Of a
note haa simply to cut off one of these con-
pons, present it to the nearest bank or Gov
ernment Agency and receive his interest; the
noteitself need not be presented at all. Or
coupon thus payable will everywhere be
equivalent, ween due, to money. If you wish
to borrow ninety cents on the dollar upon the
1 I, Al ~,
market to do it with. If you wish to sell, it
win bring within fraction of cost and interest
at any moment. 1t will be very handy TO
| have in the house.
! IT Is CONVERTIBLE into a six per cent gold
bearing bond At the expiration Of three
years holder Of the notes of the 7.3O Loan
has the option of accepting payment in full
or of funding his notes in a six per ceut gold
interest bond, the principal 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 maze this privilege now worth two or three
per cent per annum, and adds SO mnoh to
the interest, Notes of the same class, issued
three years ago, are now selling at rate that
II fully proves the correctness of this statement.
It's EXEMPTION FROM STATE Or MUNIcIPAL
i FTAxATIeN.--But aside from all the advan-
tages We have enumerated, . special Act Of
Congress exempts all bonds and Treasury
notes from local taxation. On the average
this exemption is worth about two per cent.
per annum, according to the rate of taxation
in various parts of the country.
IT is A NATIONAL SAVINGS BANK.-whils
/ this loan presents great advantages to large
1 capitalists, it offers special inducements to
4 those who wish to make safe and profitable
investment, of small savings. It is in every
:. way the best Savings Bank; for every insti-
tuition of this kind must somehow invest its
I deposits roftably 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 receive, they
Z must deduct largely for the expenses of the
Bank. Their usual rate of interest allowed
to depositors is per cent. upon sums over
$500. The person who invests directly with
with Government will receive almost so per
cent. more. Thus the man who deposits
$1,000 in a private Savings Bank receives Sc
dollats year interest; if he deposits the
same sum in this National Savings Bank hs
receives 73 dollars. For those who wish Il
find safe, convenient, and profitable means
of investing the surplus earnings which they
hava reserved for their old age or the benefit
of their children, there is nothing which pre-
sents SO many advantages as this Nations
Loan. ss.4< -
THE HIGHEST NOT1vE.-The war is evi.
IDENTIFY drawing to a close, but while it lasts
the Treasury must have money to meet its
, cost, and every motive that patriotism can in
inspire should induce the people to supply
J its wants without delay. The Government
can buy cheaper for cash in hand than on
credit. Let us see that its wants are prompt
ly and literally satisfied. .ss... .s,.a
5k iNeto York E.caniaer. 4