The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1865-04-26
Web ADVERTISEMENTS,
Interesting Questions and An
swERs RELATIVE TO THE 7-3O U. s.
LOAN.

/
LOAN.
Mr.. Jay Cooke, of Philadelphia, who for so
long time had the management of the pepu-
lar 500 million $40 Loan, has just been ap-
pointed by Secretary FEssESDEN, the General
Agent te dispose of the only popular Loan
offered for sale by the Government, viz:
the "SEVEN-THIRTY.n
In entering upon his duties he desires to
answer plainly the large number of questions
daily aud hourly propoundod to him, SO that
his fellow countrymen may all understand
what this "Seven- Thirty Loan" is-what are
its popular merits,-how they can subscribe
for obtain the notes, &c.
lsr QrssrloS. Why is this Loan called
the "Seyen-Thirty' Loan!
ANSWER. 1t bears interest, in currency, at
the rate of Seven Dollars and thirty cents,
each year. on every hundred dollars; making
the interest follows:
One cent per day on each so note.
Two cents 100
Ten " 500
Twenty ceuts" 1000
One dollar 5000
2Sp QUESTION. When and how can they
Be obtained?
ANSWER. They are for sale, at PAR, and
accrued interest, by all Sub-Treasuries, Ma
tional and other Banks, and all Bankers and
Brokers.
3Rp QUESTION. When is the interest paya.
Bile and how can it be collected
ANSWER. The Coupons Interest Tickets are
due 18th of February and 18th of August in
each year, and be cut off from the note,
and will be cashed by any Sub-Treasurer, U.
s. Depository, National or other Bank or
Banker.
4rH QUESTION. When must the Government
pay of these 7-30si
d,,a IN, fxyn
half from the 18th of February, 1865; viz:
on the 18th of August 1867.
5TH QUESTION. Must / receive back my
money SO soon as 1857
ANSWER. Mol not unless you yourself pre-
fer to do so--the Law gives you the right to
demand from the Government, at that time
either your money or an equal amount at par,
OF the famous and popular $40 Gold Bearing
per cent. Loan.
er this privilege of conversion, into 90 Loan
to be worthi
ANSWER. 5 20s bearing Gold Interest from
1st Of November, are to-day worth per cent.
per annum. If they are worth no more at
the end of tho two years and half, when
you have right to them, than they NOW are,
this premium added to the interest you re-
eeive, will give you at least 10 per cent. per
annum for your money-but the opinion is
premium at that time.
7rH QUESTION. What other advantage is
there in investing the 7-30 Loan?
ANSWER. 1t cannot be taxed by States,
Counties, or Cities, and this adds from one to
three per cent. per annum to the net income
of the holder, according to the rate of taxa
tion in various localities. All bonds and
stocks, except those of the United States, and
ali mortgages, &c, are taxed, not only by the
Government, but by States, Counties and
Cities.
srH QUESTION. How does the Government
raise the money to pay the interest, and is
it safe and suref
ANSWER The Government collects, by taxes
internal revenue, and duties on imports, fully
three hundred millions each year. This j:
nearly three times as much as is needed tS
pay the interest on all the debt, and as soor
as the war is ended, the amount not needed
to pay the interest viii be used in paying of
the debt. Our CONVENIENT HAS TWICE PAID OF
ALL IT'S DEBT, and can easily do so again. Th'
interest is sure to be paid promptly, and tn,
debt itself is the very safest Investment IL
the world. 1t is, in fact, a First Mortgage OF
all lands, all incomes, all railroad and cana
bonds, and bank or other stocks, mort
cages, &c.
Nothing can be safer, for we are all bonn,
for it, and all that we have is firmly held 70
the payment of principal and interest. Hoy
foolish those people are, who keep their gol
and greenbacks idle and locked up, or pul
chase mortgages or railroad stocks and bonds
which pay only or per cent. interest whe
these Seven-Thirties pay Counting the prs
mium on Hve-Twenties,) over ten per cent
and are so much safer and suer.
9TH QUEsTIoN. How many Seven Thirtie
are there and how much remains unsold?
ANSWER. There are only about three hui
dred aud twenty FIVE millions authorized
law, and only about one hundred and ninet
millions remain unsold.
1Orn QUESTION. How long will it take 20
to sell the balance?
ANSWER. There are about 500 Nations
Banks all engaged in selling them; also
large number Of the old banks, and at lea
three thousand private bankers and broker
and special agents will be engaged il all par
of the country in disposing OF them to IL
people.
l1rn QUESTION. How long will it take
sell the wholea
ANSWER. In less than three months the
will be all sold, and will no doubt then sell
premium. as was the case with the o.
Seven -Thirties, the first Twenty Year Loan, ar
the Five-Twenties.
The above questions and answers, It is b
heved, will give full information to all.
not, the General Subscription Agent, or any
the Banks or Bankers employed to sell Il
Loan, will be glad to answer all question
and to furnish the Seyen-Thirties IN small
large sums Gas the notes are issued in denoI
inations of $50, 500, $500. 81 900 and SIS, 90
and to render it easy for all to subscribe
thus fulfilling the instructions of Mr.. FEssE
Den, who earnestly desires that the people
the whole land, Gas well as the capitalists
shall have every opportunity afforded the
of obtaining portion of this most desirai
investment.
LET NONE DELAY, BUT SUBSCRIBE
ONCE, THROUGH THE NEAREST REsPo
sIBLE BANK OR BANKERS.