The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1865-02-24
Facts about the S-3Os-Ihe Adcat,-
tages they Offer.

tages they Offer.
Their absolute Securdy.-Nearly all ac-
tive credits are now based on Government
securities, and banks hold them as the very
best and strongest investment they can
make. If it were possible to contemplate
the financial failure of the Government,
no bank would be any safer. If money is
loaned on individual notes or bond and
mortgage, it will be payable in the same
currency as the Government pays with,
and no better The Government never
has failed to meet its engagements. and
the national debt is a first mortgage upon
the whole property of the country. While
other stocks fuctuate from ten to fifty, or
even greater per cent, Government stocks
are always comparatively firm. Their
value is fixed and reliable, beyond all other
securities for while thousand specula-
tive bubbles rise and burst, as rule they
are never below par, and are often above.
Its Liberal Int7es.-The general rate of
interest IS SIX per cent, payable annually.
This Is seven and three-tenths, payable
semi-annually. If you lend on mortgage,
there must be a searching of titles, law
yers' fees, stamp duties and delays, and you
will finally have returned to you only the
same kind Of money you would receive
from the Government, and less of it. Ii
you invest in the loan, you have no trou-
bic. Any bank or banker will obtain it
for you without charge. To each note or
bond are affixed five coupons or interest
tickets, due at the expiration of each sue
cessive half-year. The holder of a note
has simply to cut off one of these coupons,
present it to the nearest bank or Govern
ment agency, 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. Ii
you wish to borrow ninety cents on the
dollar upon the notes, you have the high
est security in the market to do it with.
If you wish to sell, it will bring within a
fraction of cost and interest at any mo-
ment. 1t will be very handy to have in
the house.
1t is convertible into a six per cent.
gold bearing bond, At the expiration OF
three years holder of the notes of the
80 loan has the option of accepting pay
ment in full or Of funding his notes in 4
six per cent. gold-interest bond, the prin-
cipal payable in not less than five, MOI
more than twenty years from its date, a.
the Government may elect. These bond,
are held at such premium as to make
this privilege now worth two or three pei
cent per annum, and adds SO much tc
the interest Notes of the same class. is.
sued three years ago, are now selling at 4
rate that fully proves the correctness Of
this statement.
II, Exemption from Stat or Nmnlpa
Tlration.-But aside from all the advan
tagcs we have enumerated, special act
of Congress exempts all bonds and Treas
ury notes from local taxation. On tn,
average this exemption is worth about tw,
per cent. per annum, according to the rate
Of taxation in various parts of the country
1t isa National .Sa,7ngs Bank.-Whils
this loan presents great advantages TO large
capitalists, it offers special inducements to
those who wish to make Il safe and profit
able investment of small savings. 1t i.
in every way the best savings bank; fol
every institution of this kind must some
how invest its deposits protitably in order
to pay interest and expenses. They will
invest largely in this loan. as the best in
vcStment. But from the gross intereS
which they receive, they must deduc
largely for the expenses of the bank
Their usual rate of interest allowed to de
positors is ) per cent. upon sums owe
$500. The person who invests directly
with Government will receive almost 81
per cent. more Thus the man who de
posts $1,000 in private savings banl
receives so dollars year interest if h
deposits the same sum in this Nationa
savings bank he receives % dollars. Fo
those who wish to find safe, convenient
and profitable means of investing the sur
plus earnings which they have reserves
for their old age or for the benefit of thei
children, there is nothing when present
so many advantages as this National loan
!, The Highest .Nohre.-The war is evident
ly drawing to a close, but while it last
the treasury must have money to meet ii
cosl, and every motive that patriotism ca
: inspire should induce the people to suppl
its wants without delay. The Govern
ment can buy cheaper for cash in han
than on credit Let lis see that its want
; are promptly and literally satisfied.
Exchange Of Prisoners.