The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1865-03-29
Facts About the 7-30s- The
Advantages they offer. sl '


THEIR ABSOLUTE SECURITY.-Nearlya all
active credits are now based on Government
securities, and banks hold them as the very
best and strongest iuvestmentt they can make
If 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 oond and mortgages, it
will be payable in the same currency as the
Government pays with, and no better. The
Government never has failed to meet its en-
gagements, and the national debt Is first
mortgage upon the whole property of the,
country. While other stocks fuctuate from
ten to fifty or even greater per cent, Gov
ernment 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
Bbove.
ITs LIBERAL ISTEREsT.-The general rate
of interest is six pei cent, payable annually.
THIS is seven and three-tenths payable semi
annually. If you lend on mortgage, there
must be a serching of titles, lawyers fees,
stamp duties and delays, and will finally
havo returned to you only the same kind OF
money you would receive from the Govern
ment, and, less of itsssf 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 1--WE -scoupons's
or interest tickets, due at the. expiration Of
each successive half year. The holder Of >
| note haa simply to cut off one Of these cou7
pons, present it to the nearest bank or Coy
eminent Agency and receive his interest: the
note itself need not be presented at all. or y
coupon thus payable will .everywhers b6
equivalent, ween due, to money. II you wish
to borrow ninety cents on the dollar upon the
notes, you have the highest security in the
market to do it with If you wish to sell, il
will bring within a fraction Of cost and interest
at any moment. 1t will be very handy 70
have in the house.
II Is CoSvERrIBLE iato a six per cent gold
bearing bond. At the expiration Of three
years a holder of the notes Of the 7.30 Loan
has the option of accepting payment in fnil
. OR of funding his notes in six per cent gold
interest boud, the principal payable in net
less than Eve, nor more than twenty years
from its date, as the Government may elect.
These bonds are held at spch premium ss
: to make this privilege now worth two or three
: per cent per annun, and adds SO mnch 70
the interest. Notes of the same class, issued
three years ago, are now selling at rate that
fully proves the correctness of this statement.
Irs ExRMpTIos From STATS On MusIclpAL
TAxArIeN but aside from all the advan-
tages We have enumerated, special Act Of
Congress ezeinpts all bonds and lreasury
no.es rom ioeai 7'aNa,'on,s on ens ssslsss
'ils - :, - !,
a.nuii, ~ w. la'e v
=" s"'ious paiss p.sss y 'ne 'n ooun''y. ,ssf
: 1T Is A NATIONAL SAVINGS BANK.-while
+ this loan presents great advantages to large
capitalists; it offers SPECIAL induce ments ITO
those who wish to make q safe aud profitable
investnssntio OF small savings. 1t is in every
| 81 Co. fnr fx,of