The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1865-03-22
Nen advertisements,
Interesting Questions and An
swERs RELATIVE TO THE 7-so u. S.
LoAN.

= :. -
swERs RELATIVE TO THE 7-30 U. 3.
LOAN.
Mr.. Jay Cooke, of Philadephia, who for so l
long time had the management of the pepu-
lar SEQ million $40 Loan has just been ap-
pointed by Secretary FEssHSpEr, the General /
Agent to dispose OF the only popular Loan
now offered for sale by the Government, viz;
the sSEVEN-TIiIRTY.n
In entering upon his duties he desires to
answer plainly the large number of questions
daily and hourly prepoundod to him, SO that
his fsllow-countrymen may all understand
what this sssSeven- Thirty Loan" is--what are
Its peculiar Inerfts,-how they can subscribe
for or obtain the notes, &c. |
1sr QUssTIos. Why is this Loan called
the ssSeven- Thirty Loan2
ANSWER. 1t bears interest, in currency, at
the rate Of Seven Dollars and thirty cents, |
each year. on every hundred dollars; making |
theinterest as follows:
One cent per day on each S so note.
Two cents sa leo
Ten e. 500 9 j
Twenty oeuts" 1909
0ne,dollar 5000
2SD QUESTION When and how can they
De ebtained2 ~ M
Answers. They are for sale, at PAR, and
accrued interest, by all Sub-Treasuries, Ma
tional and other Banks, and all Bankers and
Brokers.
Ban 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. x 1aa-
4rH QUESTION. When must the Government
pay of these 7-30sf "a
ANSWER They are due in two years and
half from the 18th of February, 1865; viz:
on the l5thof August 1867.
5rH QUEsrIoN. Must / receive back my
money SO soon as 1867?
ANswRR. Mol pot unless you yourself pre-
fer to do se--the Law gives you the right to
demand from the Government, at that time
eitherye money or an equal amount at par,
of the famous and popular $40 Gold Bearing
per cent. koan. ssNS rs
6rH QUESTION. How much do you consid-
er this privilege of conversion, inte 5 20 Lean
10 be worthf
ANSWER. 5-2os bearing Gold Interest from
list of November, are to- day wefth per cent.
per annum. II they worth more at
the end OF tho two years and half, when
you have right to them, than they NOW are,
this premium added 20 the interest you re-
ceive, will giVesyou at least 10 per cent. per
annum for your money-but the opinion is
that they will be worth more than o per cent.
premium atthat time.
IRA QuEsrIox. What other advantage is
there in investing the 7-3o Loan2
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
In
Government, but by States, Counties and
Cities.
srn QUEsrros. How does the Government
raise the money to pay the interest, and is
it safe and sure2
ANswER. The Government collects, by taxes
internal revenue, and duties on imports, fully
three hundred millions each year. This j:
nearly three times as mnch as is needed t.
pay the interest on all the debt, and as soeI
as the war is ended, the amount not needed
to pay the interest viii be used in paying OF
the debt. Our GOVERNMENT MAS TWICE PAID OF
ALL ITS DEBT. and can easily do so again. TIL,
interest is sure to be paid promptly, and th
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 beun,
lOr IT, anu AL LQdL We nave Is urIllJ uSlU ~
the payment of principal and interest. Hoy
foolish those people are, who keep their gol,
and greenbacks idle and locked up or pur
sehase mortgages or railroad stocks and bonds
which pay only or 6 per cent. interest, whel
these Seven Thirties pay counting the pre-
mium on Five-Twenties,) over ten per cent
and are SO much safer and uer.
sTH QURsrlos. How many Seven Thirtie
are there, and hew much remains unsold2
fut1 ~ -
dred and twenty I've millions authorized b
law, and only about one hundred and ninst
millions rsmainsunsold. soq
10TH QUssTIoa. How long will it take yot
to sell the balancef
ANswER. There are about 500 Nations
Banks all engaged in selling them; also
large number ef the old banks, and at leas
three thousand private bankers and brokers
and special agents will be engaged iE all part
of the country in disposjng of them to tn
people. is aoq asss
11Tn QUESTION. How long will it take t
sell the whole2 = - sN
ANSWER. In less than three months the
will be all sold, and will no doubt then sell
premium. as was the case with the oil
Seven-Thffties, the first Twenty Year Loan, an
the Five-Twenties. ttsa as.
The above questions and answers, It is b,
lieved, will give full information to all.
not, the General Subscription Agent, or any |
the Banks or Bankers employed to sell th
Loan, will be glad to answer all question:
and to furnish the Seven-Thirties In small |
large sums (as the notes are issued In demon
inations Of $50, 500, $500, 81 ,o0e and s5,eOc
and to render it easy for all to subscribe
thus fulfilling the instrpctionso of Mr.. FKssEi
DEN, who earnestly desires that the people
the wheIe land, Gas well as the capitalists
shall have every opportunity aforded the
of obtaining portion of this most desirab
investment. sseaees
LET NONE DELAY, BUT SUBSCRIBE A
ONCE, THROUGH THE NEAREST REspor