The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1865-03-05
Questions end Answers
RELATIVE TO THE
7-3O u y. Loan.
The sAly Popular Loan now offered for safe
BY tie Government. viz the
"SEVEN-THIRTY."

LED QussIioa-
Why is this Loan called the "seyen-
Thirty" Loan?
Anscsr:
1t bears Interest, in currency, st the rate
of Seven Dollars snd thirty cents, each
year, on every hundred dollars; making
the interest as follOwsr
One cent per day>On each 5 50 note.
I've cents q 100
Ten 500
Twenty 1900
One dollar q 1 - soo0 q
I'd QUESTION
! When and how can they be obtained
Anss0sr:
They are for sale, at pGr, and accrued in
terest, BY all sub-Treasuries, National and
other Banks, and all Bankers and Brokers.
Sd DIGESTION:
When is the interest payable, and how
can it be collected?
Ansrer:
The coupons or interest tickets are due
18th of February and 18th of August in
each year, and can be cut OF from the note,
and will be csshed by any Sub Treasurer,
Q. s. Depository, National or other Bank or
Banker.
4th Question:
| When must the Government pay of these
7-sOsf
Anstser:
They are due in two years and a half
from the 10Th Of February, 1865, viz, on
the 18th Of August, 1867
5M Question:
Must receive back my money as soon as
1857
Answsr:
MOI not unless you yourself prefer to do
so-the Law gives you the right to demand
from the Government, st that time, either
your money or an equal amount, at par, of
the famousand popular $50 GOld-5earing
o per cent. LOup.
9th Question.
How much do you consider this privilege
of conversion into $50 Loon to be worth
Ans'cer:
5-20's bearing Gold Interest from Ist of
November, are, to-day, worth per cent.
premium. II they are worth no more at
the end of the two years and half, when
you. have a right to them, than they nOl0
are, this premium, added to the interest
you receive, will give you at least ten per
cent. per snnum for your money but the
opinion is that they will be worth more than
3 per cent. premium at that time.
7tA Question:
What other advantage is there in invest
ing in the 7-SO Loan
| Anslcey:
They cannot be taxed by States, Coun-
ties, or Cities, and this saves you two to i've
per cent. on your income, as all railroad
and other bonds, and stocks, mortgages, &c,
are taxed, not only by the Government, but
by States, Counties and Cities.
18th Question
How does the Government raise the money
to pay the interest, and is it safe and sure
| Ans.csr:
The Government collects, by taxes, inter-
nal revenue, and duties on imports, fully
three hundred millions each year. This is
nearly three times as much as is needed to
pay the interest on all the debt, and ss
soon as the war is ended, the amount not
needed to pay the interest will be used in
paying of the debt. Our Government has
tpice paid of all her debt, and can easily
do SO again. The interest is sure to be paid
promptly, and the debt itself is the very
safest in the world. 1t is as safe SIS q mori-
gage on good farm, and pays a better in
terest. Its, in fact, First Mortgage on
all lands, ali incomes, all railroad and canal
bonds, and bank or other stocks, mortga-
ges, DC.
Nothing can be safer, for we are al
bound for it, and all that we have is held
and firmly bound for the payment Of prin-
cipal and interest. How foolish those peo-
pie are, who keep idle, and locked up, their
gold and greenbacks, or purchase mortga-
only or per cent. interest, when these
Seven Thirties pay Counting tia premium
on Five Twenties) over 10 per cent, and
30 muGh safer and surer.
9th Question:
How many seven-Thirties are there, and
how much remains unsoldg
Ansr0et
Therr are only about three hundred and
twenty-five millions authorised By law, and
only about one hundred and ninety mil
lions remain unsOid.
1904 Question
HowlOng viii it take you to sell the bal
ance?
Anslce1:
There are about 500 National Banks all
engaged in selling them; also q large num-
Der Of The old banks, and at the least three I
Thousand of private bankers and brokers,
and specisl agents win be engaged in all
parts Of the country in dispOsiug Of them
to the people.
1lh Question
How long win it take to sell the whole
AnsDer:
In less than three months they will be
all sold, and will no doubt then sell at
premium, as was the case with the old
Seven hiriies, the frst Twenty-Year
Loan, and the Fivo-Twenties.
The above questions and answers, it is
believed, viii give full information to AL.
If not, the General Subscription Agent, or
any Of the Banks or Bankers employed 70
sell the Loan, viii be glad to answer all |
questions, and to furnish the seven-Thir-
ties In small or large sums las the notes are
issued in denominations Of $50, slOO, $500,
$1,000 and Ssee0), and to render Il easy for
all to subscribe-thus fulfilling the instrue-
tons Of Mr.. Fessenden, who earnestly de-
sires that the people Of the whole land las
well as the cspitAiisssl shall have every oP- |
portanisy afforded them Of obtaining q
portion Of tkis most desirable iHrsstBeHt.
LIT NONE DzL1T, BUE suhscEiBE AZ oEeE-
For Sale and subscFiPiion received By
FIRST NATIONAL BANK,