The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1865-03-16
Interesting Questions and Answers rela.
tive TO the $50 u. 8. Loan

Interesting 4u6SLl0nS anu AnSW6fS reid
tive to the $50 U. s. Loan
Mr. Jay Cooke, of Philadelphia, who for
SO long time had the management of the !
popular 500 million 500 Loan, has just been
appointed by SECRETARY FEssENDEN, the
GENERAL AGENT to dispose of THE ONLY Pop
ULAR LOAN now offered for sale by the Gov
ernment viz the ''SEVEN-THIRTY.
In entering upon his duties he desires to
answer plainly the large plumber of.questions
daily and hourly propo1nded to him, so that
his fellow countrymen may all understand
what this Seven Thirty Loan''is-what are
its peculiar merits,-how they can subscribe
for or obtain the notes, &c.
I 1St Question: Why is this Loan callel
the Seven Thirty" Loan?
AnSwer. 1t bears interest i'll currency,at
the rate of Seven Dollars and thirty cents,
each year, on every hundred dollars making
the interest as follows
One cent per day on each 5 so note
| Two cents g g 100
Ten g - 500 I"
Twenty g 1000 4"
| One dollar . g" 5000
I'd Question: When and how can they be
obtained?
Aasoer. They are for sale, at par and ac-
crued interest, by all Sub reasHries, National
and other banks, and ali Bankers and Bro
! kers.
Sd Question. When is the interest payable
and how can it be collected.
| A7lSaoer. The Coupons or Interest Tickets
are due 18th of FEBRUARY and 10th of August
in each year and can be cut off from the
note, and will be cashed by any Sub-Treas-
urer, U.S. Depository, National or other Bank
or Banker,
4tb Question. When must the Government
pay off these 7. sos?
A@SaDer. They are due in two years and a
half from the 18th of February, 1865 viz !.
on the 18th of August, 1867.
9th Question:. Must l receive back my
money so soon as 1897?
An10Ser. No! not unless you yourself pre-
fer to do so-the Law gives you the right
to demand from the Governments at that
time either your money or an equal amour t
lat par, the famous and popular 500 Gold
Bearing per cent. Loan.
9th Question How much do you consider
this privilege of conversion, into $50 Loan
to be worth?
Ansver. 5,20s bearing Gold Interest from
1st of November, are to-day worth per cent
premium. Ifthey are worth no more at the
end of the two years and halt, when you
have right to them, than they now are,
this premium added to the interest you re-
ceive, will give you at least 10 per cent. per
annum for your money-but the opinion is
that they will be worth more than per
7 cent, premium at that time.
tn Question What other advantage is
there in investing in the 730 Loan?
ARsWer. 1t cannot be taxed by States,
Counties, or Cities and this adds from one to
three per cent.pe annum to the net income
of the holder according to the rate of taxa
ton in various localities. All bonds and
i stocks, except those of the United States, and
1 all mortgages, &c, are taxed, not,only by the
Government, but by States Counties aud
Cities.
. 9Th Question. How does the Government
raise the money to pay the interest, and is il
e safe and sure?
t Answer The Government collects, by
taxes internal revenue, and duties on inn
ports. full three hundrdd millions each year
: This is nearly three times as much as is
needed to pay the interest jail the debt
and as the war il ended, the amount no
6 needed to pay the interest will be used il
paying off the debt. Our government ha,
td0sce paid of all its debit and can easily dc
so again The interest is sure to be paid
promptly, and the debt itself is the safest
! investment in the world. 1t is as safe as
mortgage on a good farm and pays better
interest. 1t u.s. in fact First Mortgage Oh
all lands, all incomes, all railroad and cana
bonds, and bank or other stocks mortgages
| &c.
Nothing can be safer, for we are all bound
for itand all that we have is firmly held fol
the payment of principal and Interest. How
foolish those people are, who keep their gold
) and greenbacks locked p,or purchase mort.
cages or railroad stocks or bonds, which pay
only or 6 per cent interest, when these
Seven-Thirties pay Counting the premium
on ve-Twenties,) over ten percent, land are
so much safer and surer
9th Question How many Seven Thirties
are there, and how much remains unsold?
AnsUar. There are only about three
hundred and twenty-five million authoized
Q by law, and only about one hundred snd
ninety million remain unsold.
10Th Question. How long will it take
you to sell the balance ?
r AnSa0er. There are about 800 Natal Banks
3 engaged in selling Them also large num-
Der Of old banks, and at least three thousand
private bankers and brokers, and special
agents will be engaged in all parts of the
country in disposing Of them to the people.
11th Question. How long will it take to
sell the whole?
AnSaoer. In less than three months they
will be all sold, and will no doubt then sell
at premium, as was the case with old
. Seven-Thirties, the first Twenty Year Loan
and the Five-Twenties
The above questions and answers, it is be-
lieved, will give full information to all. II
not, the General Subscription Agent, or any
OF the Banks or Bankers employed to sell
the Loan, will be glad to answer all ques-
tons, and tt furnish the Seven -Thirties in
. small or large sums(asa the notes are issued
in denominations $50, 500, $500, $1,000
and So, 000) and to render it easy for all to
subscribe-thus fulfilling the instructions Of
Mr. FEssEsNDEN, who earnestly desires sthat
the people of the whole land(as well az the
capita lists,) shall have every oportunity af-
forded them of obtaining portion of this
most desirable 6n0eStmemt
| LET NONE DEUAv pTrr CrpsoDrnp m .,-ov-