The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1865-03-16
1nler estlug Questions and Ans.
yvero relative "a the 7.3O u. 8.

Mn. JAY CooKE, of Philadelphia who
for 80 long time had the management
Of the popular 500 Million $50 Loan,
has just been appointed by SECRETARY
FEssENDES, the GENERAL AGENT to
dispose Of the only POPULAR LOAN now
offered for sale by The Government,
viz: the SEVEN THIRTY"
In entering upon his duties lie desires
to answer plainly the large number OF
questions daily and hourly prop@ unded
to him, so that his fellow.coun'rymen
may all understand what this IS ven.
Thirty Loan" is-xhat are it, peculiar
'nerits,-how they can subscribe for OF
: obtain the notes, &c.
1st Question. Why is this Loan
called the "Seven-Thirty" Loan?
| Answer. 1t bears interest, in cur
rency, a. the rate Of Seven Dollars and
thirty cents. each year, on every hund
red dollars; making the interest as
follows:
One cent per day on each $50 note
Two cents /" I" 100 +"
Ten /" /" 500 3"
Twenty /" 1000 !"
Que dollar I" 5000 {"
I'D Question. When and how can
,hev hc obtained?
Answer. The are for sale, at par.
ara accrued in'cr.s', hy all Sub Trea
s,.'iss. National ana other Banks. and
AZ Bakers and Brokers
81 Qu4-tar. When is The interest
y,,y lie au.' hpw can il be collected?
Answer The Coupons Or Interest
Tickets AZ. due 18th of February and
i Js;i II Ausn>t in each year, aud can
he en-; s.tf from the note, and will b.
ca-hel by any Sub Treasurer. u. s
Depository, National 0, other Bunk or
Banker.
4,h Question. When must the Gov
ernmrn, pay off these Sos:
Answer. They are due in Two years
and half from the 18th Of February,
1868; viz: on the 18th Of Angus,
1857.
5;h Ques,inp Nus, I receive bark
my money SO soon As 1867?
Answer. M not unless you your
self perfer to do so--.he Law gives you
the right to demand from the Govern
mcnt, At that time, either your none.
or an equal amount 1t par, cf lie f.m
GUS and popular $50 6oM bearing 6
per cent. Loan
9th Question. How much d, yop
consider this privilege OF conversion,
into $50 Loan to be worth?
Answer. $40. bearing Cola Later
est from 1st of November, arc to-day
worth Q per cent. premium. II they are
worth no more q. the end Of the twn
years and half, when you have arigh'
~ them, than they noac are this prem
ium added to the interes, yon receive.
will give you at least 10 per cen.. per
annum for your money-hut the orin
ion is that shey will be worth more than
9 per cent. premium at that time.
7th Question. Wha. other advar.
tage is there III investing in the Z 80
loan?
Answer. It cannot be taxed BY
States, Counties, orCities, AMI this adds
form one to three per cent. per annum
to the ne. income of,he holder, accord.
ding to the rate Of taxation IN various
localities. All bonds aud stocks ex
cep. those Of the United States, and ali
mortgages, &c, are taxed, not only by
the Government. but by States. Cunn.
ties and Cities.
9Th. Question. How does The Government
raise the money to pay tho interest, and 10 it
safe and sure?
Answer. The Government collects BY
taxes, Internal revenue, and duties on i'm
ports, fully three hundred millions each year
This is noarly three times a. much as 10
needed 10 pay the interest on all the debt,
asa No soon ss the war is ended, the amount
OF needed to pay the interest will be used in
paying OF the debt Our Government has
twice paid of all its debt, and oan easily do
80 again. The interest 10 sure to be paid
promptly, and the debt itself is tho very
safest investment in the world. It is As safe
as mortgage on . good farm. and pays q
better interest. H. is in fact, First Mort
gage On al lanIA all incomes, all railroad
and canal bonds, and bank or other stocks
mortgages, 80.
Nothing can be safer, for We are all bound
| for it and all that We have u firmly held fol
the payment ofprincipal and interest. How
fooliah III 0sc people, who keep 'tkeir gold enc
eresaAAhs idle and looked ap, or puvchas'
mortgages q railroad stocks and bonds