The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1865-02-20
Interesting Questions and Answer
RELATIVE TO THE
7-30 U. S. LOAN.

Mr. Jay Cooke, of Philadelphia, who for 40 long
a Tine n2d the Engagement Ut the popular 500 mil.
hoa ~ Loan, has Just been appointe by Secreta,
ry Fessent n. the General Agent 10 dispose of the
only popular Loan now offered for sala BY the Gov.
eminent, viz; the "SEVEN-fHIRrY /"
In entering 3On mis- duties he desires 10 answer
plainly the large number of questions daily ao6
nourig propo1nded 70 him. 50 thsr his fellowcoun
is, what are its peculiar merits how they can sub
scribe for or obtain the notes, Sc.
lst Question Why is this Loan called the "Ssven-
Answsr.-It bears Interest, in currency, at the
rae % Seven Dollars and thirty cen each year. on
lows:
One cent per day Cd each 5on:te.
T IN (. a. SvV !"
6a asa dollar i 100 100 "
tanned? ~ - =
Answer:.-They are for sac, at par, and accrued
inter- ST. by all ubIreasuries. National and other
Banks, aud ell Bankers AID Brokers.
Sd Queston.-When is The interest payable and
how it be collectedg
Answer -rhe Coupons or Interest Tickets are due
18th OF February, and 18th of August in each year
and can be cut off from The note ami will be cashsd
by any sqt-Treasqrer U. S. Depository, National
4ta Questis NV hen must the Government pay
off these 30's!
Ans Nsr,-lhey are due in two wears and a half
August, 1867.
9th Ques don.-hust receive back nay money SO
Answer.-No, not unless you youIssIf pr;fer to
do s1-the Law gives you he right to demand from
the Government at thai time, either your money or
an equal amount at par. of the famous and popular
$40 Gold Bearing 9 per cent oGn.
oh Quastion.-How much do you consider this
privilege Of conversion, into $40 Loan, TO be
worth? 2 7- -
Answer.-5-20s bearing Gold Interest from LIST of
November, are, to day, worth per cent. premium.
1T they are worth no mors at the end of the tv o
| years and-a-half, when you have right to them,
than they 1ac are this premium added TO the interest
you receive will give you at least 10 per cent per
annum for your money-but thu opinion is that they
| that time.
IN 0uestion-What o,her advantage is thsre in
| Auswer-They cannot be taxed by States, Coun-
ties, or Cites and this sayes you two to five per
| bonds, and stock :, mortgages 60 are taxed not
GAY oy the government but BY States Counies and
Sh Queston.-How does the Government raise
the money to pay the ntsr. st, and is it safe and
An7wer-The Government collects, by taxes in.
ternal revenue, and duties OF imports, fully three
hundrtd millions each year. This is Desriy three
times as mush as is needed pay the interest on all
the BIT and as soon the war is ended, the amount
not needed to pay the interest will be used in pawn
of the debt. UttT Government has thrice paid of
b uad prompV and he debt se
the very safes invts tment in the world. 1t is as
safe as mortgage on good farm, and pays better
all incomes, al railroad and canal bonds, bank OF
other stocks mortgages, &C., &c.
Nothing can re safer. for We are all bound for it,
ana all that have Is held and firmly ound for the
| payment of princiIa and interest. How foolish
tn9ee 9ple are who keep idle, and locked up theii
gola and greenbaeks, purchase mor.ases or rail.
loaa aroofs and bonds, Shich pay only or pei
ing the premiums en- Fiye-Twen'ies,) over ten per
cent, and much safer and surer.
9th CUES son.-How msny Seven-Thirties or.
there and how much remains unsold.
Answer.-There only about three hundred
and twenty-five millions authorized by law, and only
one hundred an nine yimiliions remain unsold
10Th Ques'icn.-How long will it take you to sci
the balance?
Answer.-ahsre ar about 800 National Banks al
engaged in sci ing Them also large number of tn
| old banks, and at ltsst three thousand of private
bankers and brokers. and srecia agents will be en-
gagged in all psrs of the country in dispcsing Q
them to the people.
18th QuestioH-How long will it take to sell tn
whole?
Arswer-In less than three months, they will b
all sold and i'll no doubt, ,hen sell at premium
YVES the case with the old SeyeD-1 hties, the frs
Tw' mtg Year Loan and the Fiye-Twenties,
The above questions and answers, it is believed
will give full information to all. II net the Geners
Subscription Agent, or any of the Banks or Banker
employed to sell the L,an will be GLAD to answer Al
questops aud furnish the Seven Thirties, in sma
sums, las the noes are issued in denominations q
$50, 300, $500 81 CO., and S. 600 and to render i
easy FOR all to subscribe-thus fulfilling the instrut
ions of Mr.. FEssENDEN, who earnestly desires tina
the People ofthe whole land i as well as the capita
lists, sla have every opportunity afforded them
obtaining portion of THIS MOST vALUABLEINvEsi
MENT. f1
LET NO ONE DELAY, BUT SUBSCRIBE AT ONO
THROUGH THE
First National Bank,
PORTLAND, ME.
Feb l6-d&w2 49, A