Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1865-03-11
Interesting Questions and An
sWers relative TO the u. q.
40 Loan.


peculiar merits.-how they can subscribe for
or obtain the notes. &c.
LIST Question. Why is this Loan called the
Seven-Thirty" Loan7
Answer. 1t bears interest in currency, at
the rate OF Seven Dollars and thirty cents.
each year, on every hundred dollars making
the interest as follows:
One cent per day on each 8 so note.
Two cents do do 100 do
Ten do do do 500 do
Twenty do do 1000 do
One dollar do do 5000 do
I'd Question. When and how can they be
obtaned7
Answer. They are for sale, at par. and ac-
crued interest, by all Sub-Treasuries. Nation
al and other banks, and all Bankers and Bro
kers.
Sd Question. When is the interest psya-
bic and how can It be collected
Answer. The Coupons or Interest Tickets
are due 18th Of Febru airy and 18th of August
in each year. and can be cut off from the note,
and viii be cashed by the Sub-Treasarer, U.
8. Depository. National or other Bank or
Banker.
4ih Question. When must the Government
pay of thss 30sS
Answer. They are due in two years and a
half from the 18th of February, 1865 viz ::
on the 18th of August, 1867.
5th Question. Must receive back my
money 50 soon rs 1861 2
Answer. MOI not unless you yourself
prefer 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
6 per cent. Loan.
eth Question. How much do you consider
this privilege Of conversion, into so Loan to
be WORTH
Answer. Sos bearing Gold Interest from
LIST of November. ara to-day worth 9 per cent.
premium. If they are worth no more at the
end of the two years and half, when you
have right to them, than they now are, this
premium added to the interest yeu receive,
viii give you at least 10 per cent. per annum
for cur money-Dut the opinion is that they
will be worth more than 8 per cent. premium
at that time.
9TH Question. What other advantage is
there in investing in the 100 Loan
Answer. It 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
ton in various localities. All bonds and
stocks. except those Of the Uuited States, and
all mortgages, &C., are taxed, not only by the
Government, but by States, Counties, and
Cities.
9Th Question. How does the Government
raise the money to pay the interest. and is it
safe and sure ?
Answer. The Government collects by tax
es, internal revenue, and duties on imports.
fully three hundred millions each year. This
10 nearly three times as much as rs needed to
pay the interest on all the debt, and as soon
a. the war is ended, the amount not needed to
pay the interest viii be used in paying off
the debt. Our Government has twice paid off
all its debt, and can easily do SO again. The
interest Is sure TO be paid promptly, and the
debt itself is the very safest investment in
the world. 1t is As safe as a mortgage ON a
good farm. and pays better interest. 1t is
in fact, First Mortgage on all lands, all in
comes, all railroad and canal bonds, and bank
OF Othet stocks, mortgages, DC.
Nothing can be safer, for we are all bound
for it, and all that we have is firmly held for
the payment of principal and interest How
foolish those people are, who keep their gold
and greenbacks idle and locked up. or pur-
chase mortgages on railroad stocks AMI b0nds,
which pay only or 6 per cent. interest, when
these Seyen-Tbirties pay Counting the pre-
MUM on Fiye-Twenties,) over ten. per cent,
and are 50 much safer and surer.
9Th Question. How many Seven Thirties
are there. and how much remains unsold ?
Answer. There are only about three hun
dred and twenty-five millions authorized by
law, and only about one hundred and ninety
millions remain unsold.
10th Question. How long will it take you
to sell the balance
Answer. There are about 500 National
Banks all engaged in selling them; also
large number of the old banks, and at least
three thcusand private bankers and brokers,
and special agents will be engaged in all
parts of the country in dispssing of them to
the people.
IIth Question. How long viii it take to
sell the whole?
Answer. In less than three months they
viii be all sold, and will no dosbt then cell
al a premium, az was the case with the old