The Democratic press. (Eaton, Preble County, Ohio) 1860-1865, 1865-03-02

20 ] nB . umt mao tne mhhhkcmou O'sno
900 million $40 Loan, has Just
been appolhled by Secretary Fessenden the
General Agcpf 70 DISPOSE d tke only pgpn
Tar LDgn nov aered for sale hy the Gov.
ernment viz: the @SEvENgTHltTY"
In catering upon his dntiesh he desires TO
plainly % the large humber ofqpes
daily nd hourly propounded to Nm
81 that his felluw-c0untrymen nay oil an
derstand what this "SeveuiThirty Loan" is
what are its peculiar uerits, how they can
subscribe for pr obtain the notes &C.
lat Question WHY'S this Loan caiicd1
the "Seyen.Ihir,y' Loan
Answer, It bars Interest, in currency,
at the rate ofSeven Dollars an thirty cents,
each year, u every hundred dollars max.
ing the interest as follows:
One cent per LAY OF each $ so note
Two cents loo
Ten " 500
Twenty loo
Oae dollar 5000
I'd Question When aud how can they be
obtainedf
Ausrer. They are for sale, at par, and
accrued intereel, by all Sub Treasures, Ma
tional and other Banks, and all Bankers
and Brokers.
Sd Question Whei ls the interest pay
able and how ktt6e aollscted2
Ansper. The Coupons or interest Tick
cts ARE die 18th Of February and 18th of
August ineach year. md can be cut of from
the note, AID will be cashed by any Sub
Treasurer, US. Depository. National or
other Bank or Banke:.
An Queition When must the Govern
ment pay OF these 7.3psl
Answsr. They are Cue in two years and
a half from the 18th Of February 1868; viz:
on the 18th Of Augsst 1851 '.iT
5M Question Mast / receive back my
money so soon as 1867
AnSwsr. MOI not uni So you yourself
prefer to do so -'he Law gives Yen the
right to demand 9om the Government, ut
that time, either yonr money or an equala'
mount atpGr, Of the famous end popular
$40 Geld Bearieg 6 per cent Loan.
6M Question, How much do you consld'
er this privilege of conversion, into $40
Lean to be worth?
AnSUer. 5,20s bearing Gold Interest
from list of No rember, are to-day worth :
per cent premium. II they are worth "a
more Of the end Of the two years and a half
when you have a right to them, than they
nov are, this premium added to the inter
est you receive, will give YOU at least lC
per ceLt Pc apnum for your m%oney-but
DE opinion is that they will be worth more
than 8 per cent. premium at that tire.
tn Question. What other advantage il
there in investing 10 the 1870 Loan?
Ansper. It cannot be taxed by States
Coz nties, or Cities, and this ADDS from one
to three per cent per snnum to the mel i'll
come Of the holder, according to the r-.e o:
taxation in various !. %calitiea. All bond'
and stocks, pxceptthose oftbe United States.
and all mortgages, b., are taxed not only
by the Government, but b. States, Coupties
ahd Cities.
SM Question. How does the Govern
ment raise the money to Ray the interest
aud is ii safe and snre2
Answer. The Government collects, b.
taxes, internal re venne. and duties on i'm
ports, fully three hundred millions each
year This Is nearly three times ms much a,
is needed to pay th. interest on all the debt
3 aud as soon as the war is ended, the snouil
not needed TO pay the interest will oe uset
stiA payia{<AT debt: e0EyA GoserSEaen,
has tpiesA No of all its debt, and cal
!, easily do SO again. The interest is sure t.
be paid promptly, and the debt itself is tn
very safest inrest ment in the world. lti
as safe as a mortgage OF a good farm, an
paws a better interest. 1t il, in fact, a FRS
mortgage on all lands, all incomes, al
railroad and canal boats, and bank or 9TH
stocks, mortgages, &c.
Nothing can be safer, for wear all boun'
for it. aud all that we have is firmly held 70
the payment Of principal and interests Hs'
foolish those people are, who keep thei
gold and greenbacbs idle and locked up, O
purchase mortgages or railroad stocks an
bonds, which pay only 5 or 6 per cent il
~terest, when these Seven. Thirties pa
Counting. the premium of Five Tive mites.
over ten per cent, and are so much safe
and surer'
9th Question. Hos many Seven hirtie
} are there, and how much remains unsold?
Answer. There are only about three bur
r dred and twenty FIVE million authorized b
: law, and only about one hundred and nine
ty millions remain unsold.
!, 10th Question. How long will it tax
you to sell the b~slance7
Answer. There are about 800 Nationa
, Banks all engaged in selling them; also
. large namber Of the old banks, aid at leas
: three thousand private bankers and bro
kera, and special sgents will be engaged i
all parts OF the country is ~6isposing of the
!; tc the people,
18th Question. How long will it take
sell the whole2
Answer. In less thar thrne months the
will be all s old, and will no doubt 'heu Sc
at u premium, as was the case with the oil
I seven. Thirties, the first Twenty year Loar
2 and the Five-Twen6es 2
The above questions and answers, IL
believed, will give full information to al
lfnot, the General Subscription Agent, O
.any Of the Banks or Backers employed 6
sell the Loan, will be q ad to answer al
| questions, and to furnish the Seven hiI
: ties in small or large sums las the notes ar
issued in denominations of $50, 500, $500
b $1,000 and $5;O0O9 andto render it cas-
for all to subscribe-thus fulfilling the il
8 stJuctions of Mr.. F~EssEKDEN, who earnestl
6 desires that the people CT the whole liant
(as well as the capitalists } shall have ever
opportunity affos1ed them Of obtaining