The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1865-04-26
Facts About the 7-30s-The
Advantages they offer.


THEIR ABSOLUTE SECURITY. Nearly all
active credits are now based on Government
securities, and banks hold them as the very
best and strongest Investment they can make
II it were possible to contemplate the fnan-
cial failure of the Government, no bank
would be any safer. If money is loaned on
individual notes 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 en-
gagements, and the national debt is first
mortgage upon the whole property of the
country. While other stocks Auctuate from
ten to fifty or even greater per cent, Gov
ernment stocks are always comparatively
fsm. Their value is fixed and reliable, be-
yond all other securities; for while thou
sand speculative bubbles rise and burst, as
a rule they are never below par, and are often
Bbove.
ITs liberal INTEREST. 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 serching of titles, lawyers fees,
stamp duties and delays, and will finally
havo returned to you only the same kind of
money you would receive from the Govern
ment, and less of it. If you invest in this
loan you have no trouble. Any bank or
To each note or bond are affixed five coupons
or interest tickets, due at the expiration of
each successive half year. The holder of a
note haa simply to cut off one of these cou-
pons, present it to the nearest bank or Gov
ernment Agency and receive his interest; the
note itself need not be presented at ALL. Or
coupon thus payable will everywhere be
equivalent, ween due, to money. Hyou 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, it
will bring within fraction of cost and interest
| at any moment. 1t will be very handy to
have in the house.
IT is CONVERTIBLE into a six per cent gold
! bearing bond. At the expiration of three
| gears holder of the notes of the 7.30 Loan
| has the option of accepting payment in full
or of funding his notes in 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
to MAKE this privilege now worth two or three
per cent per annum, and adds mnch to
the interest. Notes of the same class, issued
three years ago, are now selling at rate that
| fully proves the correctness of this statement.
ITs ExEMPTIoN FROM STATE OR MUNICIPAL
TAxATIoN.--But aside from all the advan-
| tages we have enumerated q 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. Ia
/ IT is A NATIONAL SAVINGS BANK.-while
this loan presents great advantages to large
capitalists, it offers special inducements to
those who wish to make safe and profitable
investment of small savings. 1t is in every
/ way the best Sayinvs' Bank: for every instis
tuition of this kind must somehow invest it's
deposits Iroitably in order to pay interest
and expenses. They will invest largely in
this loan, as the bestinvestment. 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
$500. The person who invests directly with
with Government will receive almost so per
cent. more. Thus the man who deposits
$1,000 in a private Savings Bank receives SO
dollats year interest; if he deposits the
same sum in this National Savings Bank he
receives 73 dollars. For those who wish to
find safe, convenient, and profitable means
of investing the surplus earnings which they
hava reserved for their old age or the benefit
of their children; there is nothing which pre-
sents so many advantages as this Nationa
Loan.
THE HIGHEST NOTIVE.-The war is evi.
IDENTIFY drawing to close, but while it lasts
the Treasury must have money to meet its
cost, and every motive that patriotism can in
inspire should induce the people to supply
its wants without delay. The Government
can buy cheaper for cash in hand than on
credit. Let us see that its wants are prompt
ly and literally satisfied.
Il Neao York Esrdminer.