Sioux City register. [volume] (Sioux City, Iowa) 1858-1871, 1865-03-18
Questions and Answers
Relative to the 7.3O Z. >. Loan

to answer plain y the large number Of
questions daily and hourly propounded TO
him, so that his fellow countrymen may all
understand what this "Seven Thirty Loan
is-whst are it's peculiar merits-how they
can subscribe fer or obtain the notes, &c.
lst Question. Why is this Loan called
the Seven.Thirty Loan?
Answer. 1t bears interest, in currency,
At the rate Of Seven Dollars and thirty
cents, each year, on every hundred dol.
lars; making the interes. as follows:
One ce't pei. day on each 5 5onote.
Two cents 100
Ten 200 80"
Twenty 1000 d" 4.
One dollar " 5000
! I'd Question. When aud how can they
be obtained?
Ansrer. They are for sale, at par, and
accrued interest, by all Sub Treasures
National and other Banks, aud all Bankers
and Brokers.
Sd Question: Wien is the interest pay.
abls and how can it be collected?
Ans,cer. The Coupons or Interest Tick.
cts are due 18th OF February and 18th Of
August in each year, and can be cut of
from the note, and will be cashed by any
Sub Treasurer, U. S. Depository, National
or other Bank or Banker
4lh Question: When must the Govern.
ment pay of these 1905?
AHsuer. They are due in two years
and a half from the 18th Of February,
1868 viz: on the 18th of August, 1867
5th Question: Mus: receive back my
money so soon as 1861
AnSacer. No! not unless you yourself
prefer to do so--the Law gives you the
! right to demand from the Government at
that time, either your money or an equal
amount at per, of the famous and popular
20 Gold Bearing g. per cent. Loant
9Th Question: How much do you co..
slider this privilege of conversion, into
20 Loan to be worth?
| Aasner. 5.20s barring gold interest
from lst Of November are to-day worth 8
per cent. premium. It they are worth no
more at the end of the two years and q
half, when you have ri ht to them, than
| they uow are, this premium added TO the
interest you receive, will give you at least
| ~ per cent. per uunum for your money
but the opinion is that they will be worth
more than FER cent premium at that
! time.
| IN Question. What other advantage
is ihe,e in investing in the 80 Loan?
Aas,cer. 1t cannot be taxed by States,
| Counties, or Cities, and this adds from one
| to three per cent. per annnm to the net
| income OF The holder, according to the rate
of taxation in various localities. All
bonds and stocks, except those of the
United States, and all mortgages, &c, are
taxed, not only by the Government, but by
! States. Counties and Cities
| SM Qucsiipn How does the Govern.
met, raise The money to pay the interest,
and is it safe and sure?
IaSr@r. The Government collects, by
taxes, internal revenue, and duties on i'm
ports, fully three hundred millions each
I year. This is nearly three times as much
as is needed TO pay the interest on all ,h.
debt, and as soon as the war is eaded, the
amount not needed to pay The interest will
be used in paying off the debt Our Gov
ernment has t,cice paid OF all its DEBT, and
can easily do so again. The interest is
sure TO be paid promptly, and the debt
itself is the very safest investment in the
world. 1t is as safe as a mortgage Oh a
good farm, and pays "a better inestest i.
is, in fact, II First Mortgage on oil lands,
oil incomes, all railroad and canal bonds,
aud bank or other stocks, mortgages, &c.
| Nothing can he safer, for we are ell
| boand for it, and all iha. We have is firmly
held for the payment Of princi pal and in>
terest. How foolish those people are, who
keep their gold and greenbacks idle and
locked up, or purchase mortgages or rail
road stocks and bonds, which pay only 5
or e per cent. interest, when these Seven.
Th;r,ies pay Counting the premiums on
| Five.Twenties,) over ten per cent, and
| are SO much safer and surer.
Oh Question: How many Seven.Thir.
ties are there, aud how much remains
uns DID i?
Ansuer. There are only about three
hundred and twenty five millions author
lied by law, and only about one hundred
and ninety millions remain unsold.
lOM Question. How long will i, take
you to sell the balance?
Answcr. There are about 500 National
Banks all engaged in selling them also a
| large number Of the old banks. and at
least three thousand private bankers and
brokers, and special agents will DO en-
gagged in oil parts Of the country in dis
posing of them to the people
llM Question: How long viii! i. take to
sell the whole?
Ansrer. In less than three months
they will be all sold, and will no doub.
then sell ut premium, as was the case
with the old Seven-Thir,ies, tho frs.
Twenty. Year Loan, and the Five.Twenties.
The above questions and answers. it is
believed, will give fall information to all.
1t not, the General Subscription Agent,
or any of the Banks or Bankers employed
to sell the Loan, will be glad to answer all
questions, and to furnish the Seven.1hir.
ties j" small or large sums Gas the notes
are issued in denominations Of $50, 800.
$500, 81 900 and $5,000.) aud to render it
easy for all 10 subscribe-thus fulfilling
the instructions Of Mr.. Fessspden, who
earnestly desires that the people Of the
whole land, las vel! as the cari,alists,)
shall have every opportunity afforded them
| Of obtaining a portion Of this most ics,r.