Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1865-02-14
IT'S liberal 1NrEREsT.


The general rate of interest Is six per
cent, payable annually. THis is seven and
three tenthsi payable .ssuiGnnuaHy. II
you lend on mortgage there must be a
searching Of titles, lawyers fees, stamp du-
ties and delays and you will finally have
returned to you only the same kind of Of
money you would receive from the Govern
ment and less oft. If you invest In this.
loan you have no trouble. Any bank or
banker viii obtain it for you without charge.
To each note or bond are affixed five ncou-
pons" or interest tickets, due at the expira-
lion Of each successive half year. The
holder Of note has simply to cut of one of
coupons, present it to the nearest bank or
Government Agency, and receive his in
terest the note itself need not be present.
ed at all. Or a 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 in the market
to do it with. If you wish to sell, it will
bring within fraction Of cost and inter-
est at any moment. It Will be very handy
to have in the house.
IT Is CONVERTIBLE .r 3
Into a six per cent. gold-bearing bond. AT
the expiration of three years 8 holder of
the notes of the 7-3O Loan has the option
of accepting payment in full or of funding
his notes in 9 six per cent gold-interest
bond, the principal payable in not less than
FIVE, nor more than twenty years from its
date, as the Government may elect. These
bonds are held at such premium as tomake
this privilege now worth two or three per
cent. per annum, and adds so much to the
interest. Notes Of the same class, Issued
three years ago, are now selling at a rate
that fully proves the correctness Of this
statement.
ITS EXENPTIeN FROM STATE OF MUNICIPAL
TAXATION.
But aside from all the advantages we
have enumerated, q special act Of Congress
egsDlpts all bonds and Treasury notes from
local taxation. On the average this ex.
emption is worth about two per cent per
annum, according to the rate of taxation
in various parts of the country. nos
ITuA NATIONAL SAVINGS BANK.
While this loan presents great advan-
tsges to large capitalists, it offers special In
dueements to those who wish to make 8
safe and profitable Investment of small
savings. It is in every way the best Saw
ings Bank; for every institution Of this
kind must somehow invest its deposits
proAtably in order to pay interest and ex-
penses. They viii invest largely in this
loan, as the best investment But from the
gross interest which they receive, they
must deduct largely for the expenses Of the
Bank. Their usual rate Of interest allowed
to depositors is per cent upon sums over
$780, The person who invests directly
with Government will receive almost 50
per cent. more. Thus the man who de-
posits $1,000 in private Savings Bank
receives 90 dollars q year interest; if he
deposits the same sum in this Nations
Savings Bank he receives 73 dollars. For
those who wish to find safe, covenient and
profitable means of investing the surplus
earnings which they have reserved for their
old age or for the benefit of their children,
there is nothing which presents 80 many
advantages as this National Loan.
THE HIGHEST MOTIVE 1f
The war is evidently drawing to close
but while it lasts the Treasury must have
money to meet its cost, and every motive
that patriotism can inspire should induce
the people to supply its wants without de-
lay. The Government can buy cheaper for
cash in hand than on credit. Let US see
that its wants are promptly and literally
sstiIAed.