M'arthur Democrat. (McArthur, Vinton County, Ohio) 1853-1865, 1865-03-02
Facts About the 7-3Os

the SOntl whenever ne secs III.
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Facts About the 7-3Os
Their absolute security.--NearIy
all active credits are now based on
Government securities, and banks
hold them as the very best and strong
est investment they can make. If IL
were possible to contemplate the ii
uaucial 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 Gov
ernmeDt never has failed to meet its
engagements, and the national debt is
irst mortgage upon the whole pro
pesty OF the country. While other
stocks huctuate from ten to fifty, or
even q greater per cent, Government
stocks are always comparatively
firm, Their value is fixed and reli
able, beyond all other securities; for
while a thousand speculative bubbles
rise and burst, as a rule they are nev
ef below par, and are often above.
The general rate OF interest is elk
per cent, payable annually. This is
seven and three.tenths, payable semi.
annually. If you lend On mortgage,
there must be searching Of titles,
lawyers fees, stamp duties and de-
lays, and you will finally have return
ed to you only the same kind Of mon.
ey you would receive from the Gov
ernment, and less oil it. If you in.
vest in this loan, you nave no trouble.
Any bank or banker will obtain it
for you without charge. To each
note or bond are affixed five "cou-
pons" or interest tickets, due at the
expiration of each successive half
year. The holder of a note has sim
ply to cut off one Of these coupons,
present it to the nearest hank or Gov
ernment Agency, and receive his
interest the note itself need not be
presented at all. Or coupon thus
payable will everywhere be equiva.
lent, 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. Ifyou wish to sell, twill
bring within fraction Of cost and
interest at any moment. 1t will be
very handy to have in the house.
1t is convertible into six per cent.
gold bearing bond. { AT the expira.
tion Of three years holder OF the
notes Of the 7-30 Loan has the op
ton Of accepting payment in full or
of funding his note in six per cent.
gold interest bond, the principal pay
ment in not less than five, nor more
than twenty years from it's date, as
the Government may elect. These
bonds are held at such premium as
70 make this privilege now worth two
or three per cent. per auduln, 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.
But aside from all the advantages
we have enumerated, a special act OF
Congress exempts all bonds and
Treasury notes from local taxation. -
On the average this exemption is
worth about two per cent. per annum
according to the rate Of taxation in
various parts Of the country
While this presents great advanta-
ges to large capitalists, it offers spe-
cial inducements to those who wish
to make safe and profitable invest
ment Of small savings. It is in every
way the best Savings Bank; for every
institution Of this kind must some
how invest it's deposits proftably in
order to pay interest and expenses
They will invest largely in this loan,
as the best investment. But from
the gross interest which they receive,
they must deduct largely for the ex-
penses otthe Bank. Their usual rate
OF intel est allowed to depositors is s
per cent. upon sums over $500. The
person who invests directly with