Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1865-02-24
FACTS ABOUT THE 7-3Os---THE AD-
VAN FACES they OFFER.


VAN FACES THEY OFFER.
THgIR ABSOLUTE SEoURITY.--Nearly all
active credits are now based on Government
secufities, and banks hold them as the very
best and strongest investment they can make.
II il were possible to contemplate the fnan-
cal failure Of the Government no bank would
be any safer. II money is loaned on indivi-
dual notes or bond aud mortgage, il will be
payable 10 the same currency as the Govern
ment pays with, aud no better. The Cove
has never failed TO meet its engagements, and
the national debt is first mortgage upon tthe
whole property Of the country. While h.
er stocks huctuate from ten 20 fifty, or even
greater per cent, Government stocks are al
ways comparatively firm. Their value is FIX
ed and reliable, beyond all other securities (;
or while thousand speculative bubbles rise
and burst, as rule they are never below par,
and are often above.
lTs Liberal lNTEREsT.-Tbe general rate
Of interest Is SIX per cent, payable annually.
Ihts is seven and three tenths, payable SENT
annually. II 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 o!
money you would receive from the Govern
uent, aud less Of it II you invest in this
loan, you have no trouble. Any bank or
banker will obtain It Tor you without charge.
To each note or bond are affixed Ave cou-
pons" OF interest tickets, due at the expiration
Of eacn successive half-year. The holder of
note has simply to cut off one Of these coupons,
present II to the nsarest bank or Government
A ,ency, and receive his interest the note
itself need not be presented at all. Or
coupon thus payable will everywhere be
equivalent, when due, TO money. If you wish
to borrow ninety cents on the dollar upon the
notes, you have the highest security ia the
market to do it with. If you wish to sell, it
will bring within fraction of cost and in
terest at any moment 1t will be very handy
10 have in the house.
IT Is CONVERTIBLE into a six per cent.
god-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 in
not less than Ave, no, 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 {.
three per cent. per annum, and adds SO much
to the iL,erest. Notes Of the same class, is
sued three years ago, are now selling at rate
that fully proves the correctness of this state
ment.
ITs EXEMrTIoN IRON STATE OR MUM
CIPAL TAXATIDH.-But aside from all the
advantages we have enumerated, special Acs
OF Congress epsnipts all bonds aud Treasury
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.
IL Is NATIONAL SAVINGS BAHK.-While
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 BauK for every instl-
tuition of this kind must somehow invest its
deposits proitably in order to pay interest
and expenses They will invest largely 10
this loan, as the best investment. Bat from
the gross interest which they will receive,
they must deduct largely for the expenses of
the Bank. Their usual rate of interest allow
ed t. depositors it 5 per cent upon sums over
$500. The person who invests directly with
Government will receive almost so per cent.
more. Thus the man who deposits $1,000 in
private Savings Bank receives $50 year
interest if he depu it's the same sum in this
National Savings rank he receives S73. For
those who Wish to find a safe. convenient,
and profitable means of investing the surplus
earnings which they have reserved for their
old age or the benefit of their children, there
is nothing which presents so many advanta-
yes as this National Loan.
The hIeHEsT MoTIvE.-The war is evi.
dently drawing to a close, but while it lasts
the Treasury must have money to meet its
cost, and every motive that patriotism can
inspire should induce 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.