Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1865-03-08
Facts About the 7-3Os-The Advantages
they offer.

they onef.
THEIR ABSOLUTE SECURITY. early all
active credits are now based on the Govern
ment securities, and banks hold them as the
very best and strongest investment they can
make. If it were possible to contemplate
the financial failure of the Government, no
bank would be any safer : H' money is loan
ed on individual notes or bonds and mortga-
ges, 1t will be payable in the same currency
as the Government pays with. and no bet
ter The Government never has failed to
meet Its engagements, and the national debt
is a first mortgage upon the whole property
OF the country While other stocks fiuctu-
ate from ten to fifty, or even greater per-
cent, Government stocks are always compar-
atively firm. Their value is fixed and relI-
able, beyond all other securities; for while
thousand speculative bubbles rise and
burst, as rule they are never below par,
and are often above.
Irs LIBERAL INTEREST The general
rate OF interest Is six per cent, payable an
ualy. This is seven and three tenth, paya-
bic eaataaauaty. If you lend on mortgage,
there must be searching of titles, lawyers
fees, stamp duties and delays and you will
finally have returned TO you only the same
kind of money you would receive from the
Government, and less Of it. IF you invest
this loan you have no trouble. Any
bank or banker will obtain it for you with
out charge. To each note or bond are affixed
five coupons or fntcrest-ttchets due at the
expiration Of each successive half year. The
holder Of q note has simply to cut Off one OF
these coupons, present it to the nearest
bank or Government Agency, and receive
his interest the note itself need not be pre-
sented at all. Or a coupon thus payable
will everywhere be equivalent, when due, to
money. If you wish to barrow ninety cents
on the dollar upon the notes, you have the
highest security in the market to DO it with.
If you wish to sell, it viii bring within q
fraction Of cost and interest at any moment.
It viii be very handy to have in the house.
IT Is CONVERTIBLE into a six per cent,
gold-bearing bond. At the expiration of
three years holder of the notes of the T30
Loan has the option of accepting payment
In full or OF funding his notes in six per
cent. gold-interest bond, the principal paya-
bic IN not less than five, nor more than
twenty years from its date, as the Govern
ment may glect. These bonds are beIe at
such premium as to make this privilege
now worth two or three per cent per annUm,
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
ITS EXEMPTION FROM STATE OR NUM-
CIPAL TAXATToN.-But aside from all the
advantages we have enumerated, special
Actof Congress cceDlpts al bonds and Treas
Uyy notes from local tdGdtioa. On the ay-
erage this exemption IS worth about two per
cent per annum, according to the rate Of
taxation in various parts Of the country.
1t IS 4 NATIONAL SAVINGS BANK
While this loan presents great advantages
to large capitalists, it offers special induce
ments to those who wish to make a safe and
profitable investment Of small savings. 1t
is In every way the best Savings Bank or
every institution Of this kind must somehow
invest its deposits proftably in order to pay
interest and expenses. They will invest
largely in this loan, as the best investment
But for the gross interest which they re
ceive, they must deduct largely fer the ex-
penses Of the Bank. Their usual rate ofinter-
est allowed to depositors Is per cent. upon
sums over $500. The person who invests
directly with Government viii receive al
most so percent more. Thus the man who
deposits $l000in private Saving 5 Bank re
ceives so dollars a year interest; fhe depos-
its the same sum in this National Savings
Bank be receives 73 dollars. For those who
wish 10 find a safe, convenient, and profita=
BILE means of investing the surplus earnings
which they have reserved for their old age
or for the benefit of their children, there is
nothing which presents so many advantages
as this National Loan.
THE HIGHEST MoTIvE-The war is evi-
dently drawing to a close, but while it lasts
the Treasury must have money to meet its
cost, and every motive that patriotism can
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
nromntly and literally satisfied