The Norfolk post. [volume] (Norfolk, Va.) 1865-1866, 1865-10-20
FACTS ABOUTTHE 7-30's-THE AID
VANTAGES THEY OFFER.

THEIR ABSOLUTE sEcuEITY-Nearly all active credits are
now lnsed on Government securities, and banks hold them
AZ the very best and strongest Investment they can make
If il were possible to contemplate the financial failure OF
the Government, no bank would be any safer. II money
~ loaned on individual notes or bond and mortgage, it
will be payable In the same currency rs the Government
pays with, and no better. The Government never has
ttiled to meet its engagements, and the NATIONAL debt IS II
| first mortgage upon the whole property OF the country
While other stocks ftctuate from ten to nifty, or even II
greater per cent Government stocks are always compare
lively firm. Their value is fixed and reliable, beyond all
other securities; for while a thousand speculative bubbles
rise and burst, as a rule they arc never below par, and are
often above. lEtGf p -. -H.f#
ms LIBERsL IsTEEEsT.-The general rate of interest is
six per cent, payable annually. This il seven and three
tentis, payable semi-1hHuatty II yoi lend on mortgage,
there must be a searching of titles, lawyers fees, stamp
duties and delays, and you will finally have returned to
Ven only the same kind Of money you would receive from
the Government, and less oft. II you invest in this loan,
you have no trouble. Any bank or banker will obtain ii
for you without charge. 10 each note or bond are affixed
live s%coupons' or interest tickets, due at the expiration Of
each successive ~hali-year. The holder Of a note has simpt
ly to cut oil one of these coupons, present it to the nearest
bank or Government Agency, and receive hi. Interest It; the
| note itself need not be presented at all. Or a coupcn thus
payable will everywhere be equivalent, when due, to mo-
ney. If you wish to borrow ninety cents on the dollar
upDn the notes, you have the highest security in the mar
kpt to do it with. If you wish to sell, it will bring within
a fraction of cost and interest at any moment. 1t will be
very handy to have in the Rouse.
II IL CONVERTIBLE into u SIX per cent. collaborating bond
At the expiration of three years II holder of the notes of
tha 40 Loan has the option OF accepting payment in full
or of finding his notes in a six per cent. gold-interest bond
lDb III lt HUI 'Ih
twenty wears from its date, AZ the Government may elect
Tbese bonds are held at such a premium as to make this
nriyiIeee now worth two or three per cent. per annum, and
nils m much to the interest. Notes OF the same class, is
sued three years ago, are now selling at a rate that fully
| praves the correctness of this statement.
ITs EXEMPTION FROM STATE OR MUNICIPAL TAXATION
| But aside from all the advantages we have enumerated, a
| spceial Act of Congress eremrts oil bonds and Treasury
noies from local fdzdtion. On the average, this exemption
ia worth about two per cent. per annuni, according to the
rate of taxation in various parts of the country.
| Is NATIONAL SAVINGS BANK-While this loan pre-
senis great advantages to large capitalists, 1t offers special
| Inducements 10 those who wish to make a safe and proiita-
bic investment of small savings. 1t is every way the best
Savings Rank; for every institution of this kind must
somehow invest its deposits ~prohtably in order to pay in.
terest and expenses. They will invest largely in this loan.
as the best investment. But from the gross interest which
they receive, they must deduct largely for the expenses of
the Bank. Their usual rate of interest allowed to deposi
tors is 5 per cent. upon sunni over $500. The person who
invests directly with Government will receive almost 90
per cent. more. Thus the man who deposits $1,000 in a
private Savings Bank receives SO dollars a year interests
ii he deposits the same sum in this National Savings Bank
receives 70 dollars. For thoss who wish to find a safe,
convenient, and profitable means of investing their surplus
earnings which they have reserved for their old age OF for
the benefit of their children, there is notling which pre-
snts so many advantages as this National Loan.
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