The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1865-04-12
Facts About the 7-30s-The
Advantages they offer.


THEIR ABSOLUTE SECURITY Nearly all +
active credits are now based on Governments
securities, and banks hold them as the very
best and strongest investment they can make
II It were possible to contemplate the fnan-
cial failure of the Government, no bank
would be any safer. If money is loaned on
individual notes or bond and mortgage, It
will be payable in the same currency as the
Government pays with, and no better. The
Governm ent never has failed to meet it's en-
gagements, and the national debt is 9 first
mortgage upon the whole property of the
country. While other stocks fuctuste from
ten to fifty or even greater per oent, Gov
eminent stocks are always comparatively
fsm Their value is fixed and reliable, be-
yond all other securities; for while thou
sand speculative bubbles rise and burst, as
rule they are never below par, and are often
| Bbuve.
| Irs LIBERAL ISTsHKsr. The general rate
of interest is six per cent, payable annually.
THIS is seven and three-tenths, payable semi
annually. If you lend on mortgage there
must be serching of titles, lawyers fees,
stamp duties and delays, and viii finally
havo returned to you only the same kind Of
money you would receive from the Govern
ment, and less of it. II you invest in this
loan you have no trouble. Any bank or
banker will obtain it for you without charge.
To each note or bond are affixed five coupons"
or interest tickets, due at the expiration OF
each successive half year. The holder Of 3
note haa simply to cut off one of these cou-
pons, present it to the nearest bank or Gov.
ernment Agency and receive his interest: the
note itself need not bs presented at all. Or y
coupon thus payable will eyerywhere be
! equivalent, ween due, to money. If you wish
/ to borrow ninety cents on the dollar upon the
notes, you have the highest security in the
market to do it with. Ifyou wish to SELL it
will bring within fraction of cost and interest
at any moment. 1t will be very handy to
have in the house.
| IT Is CoNvERTIBLE into six per cent gold
bearing bond. At the expiration of three
years holder of the notes of the 7.3o Loan
has the option of accepting payment in full
or of funding his notes in a six per ceut gold,
interest bond, the principal payable in not
less than five, nor more than twenty years
from its date, as the Government may elect.
These bonds are held at such premium as
to MAKE this privilege now worth two or thres
per cent per annum, and adds SO mnch to
the interest. Notes of the same class, issued
three years ago, are now selling at a rate that
fully proves the correctness of this statement.
ITs EXEMPTION FROM STATE Or MUNICIPAL
TAXATION aside from all the advan-
tages we have enumerated, special Act of
|,
notes from local taxation. On the average
this exemption is worth about two per cent.
per annum, according to the rate of taxation
in various parts of the country.
IT Is A NATIONAL SAVINGS BANK.-whils
this loan presents great advantages to large
capitalists, it offers special Inducements to
those who wish to make safe and profitable
Investment of small savings. 1t is in every
way The best Savings Bank; for every instis
| tptfon of this kind must somehow invest its
4 deposits lroftably in order to pay interest
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 depositors is per cent. upon SUMS over
$500. The person who invests directly with
with Government will receive almost so per
cent. more. Thus the man who deposits
$1,000 in private Savings Bank receives 81
dollats a year interest; If he deposits the
same sum in this National Savings Bank he
receives 73 dollars. For those who wish Il
q find safe, convenient. and profitable means
of investing the surplus earnings which they
hava reserved for their old age or the benefit
of their children, there is nothing which pre-
sents SO many advantages as this Nations
Loan.
THE HIGHEST NOTIvE.-The war is evi.
IDENTIFY drawing to a close but while it lasts
the Treasury must have money to meet it's
cost and every motive that patriotism can in
+ inspire should induce the people to supply
its wants without delay. The Government
can buy cheaper for cash in hand than on
j. credit. Let US see that its wants are prompt
I ly and literally satisfied Ls
8 Neio York Esran,iRer. :.