Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1865-02-24
Facts About the 7-sOs-Ths Advantages they
offer,

offer.
THEIR ABSOLUTE SECURITY.-Neariy al
active credits are now based on Government
securities, and banks hold them as The yer
best and strongest investment they can make
If it were possible to contemplate the inan
cial fsilure of the Government, no bank woult
be any safer. II money is loaned on indivi
dual notes OF bond and mortgage, it will be
payable in the same currency as the Govern
ment pays with, and 10 better. The Govern
ment never has failed to meet its engagements
and the national debt is a first mortgage upon
the whole property of the country. While
other stocks fuctuate from Ten to fifty, or even
a greater per cents, Government stocks are
always comparatively firm. Their value is
fixed and reliable, beyond all other securities,
for while thousand speculative bubbles rise
and burst, as rule they are never below par,
and are often above
! ITs LIBERAL INTEREsT-The general rate
of interest is six per cent, payable annually.
| This is seven and lbree-tenths, payable semi
annually. If you lend on mortgage, there
must be searching of titles, lawyers fees,
stamp duties and delays, and you will finally
have returned to you only the same kind OF
money you would receive from the Govern
ment, and less of it. If 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 "cou-
pons" or interest tickets, due at the expiration
of each successive half-year. The holder Of
note has simply to cut offone of these coupons,
present it to the nearest bank or Government
Agency, and receive his interest; the nOie it.
self need not be presented at all. Or cou-
pom thus payable will everywhere be equiva-
lent, when due, to money. If you wish to
borrow ninety cents on the dollar upon the
notes. you have the highest security 10 the
market to do it with. Ifyou wish to sell, it
will bring within fraction of cost and inter-
es. at any moment. 1t will be very handy to
have in the house.
II Is CONVERTIBLE into a 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 cent gold
interest bond, the principal payable 10 not
less than i've, 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 three
per cent. per annum, and adGs so much to the
interest. Notes OF the same Glass; issued three |
years ago, are now selling at rate that fully
proves the correctness Of this statement.
ITs EXEMPTION FROM STATE OR MUNICIPAL !
TAxATIoN.-But aside from all the advantages |
we have enumerated, special Act of Cou-
gress erempiS all bonds and Treasury notes |
from local ta1ation. On the average this ex- |
enption is worth about two per cent, per an
mum, according to the rate OF taxation in vari-
GUS parts OF the country.
IT Is NATIONAL SAVINGS BANK.-While |
this loan presents great advantages to large
capitalists, it offers special inducements to
those who wish to make a safe and profitable |
investment of small savings. It is in every
way the best Savings Bank; for every institu
tion of this kind must somehow invest its de-
posits proftably in order to pay interest aud |
expenses. They will invest largely is 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 /
5 per cent, upon sums over $500. The person |
who invests directly with Government will re-
ceive almost so per cent more. Thus the
man who deposits $1,000 in a private Savings
Bank receives so dollars year interest; if be |
deposits the same sum in this National Saw |
ings' Bank he receives 73 dollars. For those
who wish to find a safe, convenient, and pro-
flable means of investing the surplus earnings
which they have reserved for their old age or
for the benefit of their children, there is moth
ing which presents so many advantages as this
National Loan.
The HIGHEST MorIvE.-The war is evil
dently drawing to close, but while it lasts
the Treasury must have money to meet its
cost, and every motive that patriotism can in-
spire should induce the people to supply its
wants without delay. The Government can
buy cheaper for cash in hand than on credit
Let US see that its wants are promptly and
literally satisfied.