The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1865-03-09
Interesting Question and Answers
relative to the 7,30 II, &. Loan

&h'OtVOeihS XuOobiOu duu Answers
relative to the 7.30 U. s. Loan,
Mr.. jar Cooke, of Philadelphia, who
for 50 long time had tho management
of the popular 500 million $40 Loan, has
just been appointed by SECRETARY FEs
sEHDEs, the GENERAL AGeSr to dispose
OF TIE ONLY POPULAR LOAN new offered
for sale by the Government, viz: the
"SEyEN.THIRTY."
In entering upon his duties he desires
to answer plainly the large number OF
questions daily and hourly propounded to
him, so that bis CeIlowcountrymcn NAV
all understand wha, this "Scven,y. Thirty
Loon"i is what are its peculiar merits,
how they eau subscribe for or obtain the
notes, 81,
lh Qatstioa. Why is this ,an tel-
lsd the "Sevcn.Tbirly" Loan!
AnsHer. It bears Interest, Ia currency,
at the rate Of Seven Dollars and thirty
cents, each year, on every hun lred dol.
lars; making the interest as follows:
Que cent per diy ou each $50 note.
Two cents " IcO .
Ten " 700 I"
Twenty I,uoO
Ono dollar" {" 5000
I'd Question. When and how can
they be obtained!
Ansoer. They are for sale, at par, and
dccurcd interest, by all Sub Treasures,
Nltional aud other Banks. and oil Bank.
crs aud Brokers.
I'd Question. When is the interest |
payable and how can il be collected?
An'Ucr. The Coupons or Interos;
Tickets are due 18th of February and
10Th of August in each year, aud can be
cut from The note, and vii! D., cashed bv
any Snb-Treasurer, U. s. Depository,
National or othor Dank or Bunker.
4h Question: When must the Gov.
ernment n5y OFF these 7.3osi
AaSpcr. They are due in two years
and half from the 18th Of February.
1865; viz: on the 10Th of August, 1867.
5h Question. Must receive back nv
money so soon us 1867! I.
Ansrer. No! not unless you yourself
preiT to do so the Law gives you the
riSaE to demand from The Government, at
that time, eiiher y our money or an equal
amount at par, of the famous aud popular
$50 Gold Bearing 6 p;r c,nt. Loan.
6n Question. How much do you con
slider this privilege OF conversation, into
$50 Loan to be WORTH s.,.
Ansioes. 5.3os bouring Gold Intcrcs,
from LIST of November, are to-day worth
per cent. premium. Ifthey are worth
no more at the eul Of the Two y3lrs ard
nall, when you hays right to them,
han they noU are, this premium added to
ne interest you receive, will give you at
east 10 per cent. per aanum for your
money oui the opinion:is that they will bc
worth more taan 6 per cent. premium ut
hat time.
TN Question. What other advantage
there in investing in the 80 Loanl
An''Osr. |. cannot be taxed by States, \
Counties. or Cities, and this adds from
me to three per cant. per annum to tho
'et income ofthe holder. according to the
ate OF tux tion in various localities. AMI
'onis and stocks, except those of the
United States. all mortgages, &c., arc
axed' not only by the Government, bur
y States, Counties and Cities. Il
sh Question. How does ths Govern.
nent raise the money to pay the iniercst, /
md is Il safe and sure! /.
A Ansosr The Gov ernment collects, by
axes, Internal revenue and duties on :,
imports, fully three hundred millions
ZACH year. This is nearly three times =,
IS much as Is needed to pay the interest Q
IN all the debt. and as soon us soon as 6
he war is ended, the amount not needed !,
o pay the interest win be used in paying u
y the bit. Our government has to;cc
'aid eF all its de6t, and can easily do so
gain. The interest is sure to. be maid .
promptly, and the debt itself is tho very ! !
'aiest investment 10 the world. 1t Is as T
mortgage on a good farm. and pays ;.
better interest. 1t Is, in fact, a First :
Mortgage on all lands, all incomes, alt T
'alircad and canal bonds, and bank or
''her stocks mortgages. &c.
Nothing can be safer, for we are all 10
'ound for it, and llthat we have is firm.
y held for the payment Of prIncip.l and
interest, How foolish those people are
Who keep their gold and greopbacks idle
Ind locked up. or purchase mortgages o.
'ailro'd stocks and bonds, which pay only
ors per cent interest, when these Sew.
y ~ .arad s1NFH fisitai ffi III ff.s