The Republican journal. [volume] (Belfast, Me.) 1829-current, 1869-01-21
The Belfast CITY Bonds.

the bonds of this city--which really never
lras question-has been settled beyond the
shadow of doubt by the tribunal of last
resort, the attention Of persons having
money to invest safely and securely, will
be turned to them. In such cases, prudent
persons will require to be satisfied on four
points, before they will let their money go
into other hands. These are:
/ First The security.
! Second. The length of time the contract
continues.
/ Third. The rate of interest.
Fourth. The convenience of collecting
interest
On the first requirement, as we have
said, the Court has left no question. 1t is
completed contract between the city and
the holder of the bond The interest must
be paid, and the principal provided for.
Financiers say there is no absolutely secure
investment. The government may break
up, and its bonds be worthless-real estate
may be sequestered or taxed to death
goods and gold may be stolen, &C., &c.
But city, with no larger debt, pro rata
to its valuation and future prospects than
ours has, furnishes in its bonds as good an
investment as it is possible to have.
Second. The length of time the invest
ment has to continue is an important con-
sideration. The options on our govern
ment bonds-that is the right of the author
ten years, as expressed on their facc-are
pretty certain to be enforced. They will
then be replaced by other bonds, at lower
interest. SO of investments in notes, mort
cages, bank stock, &c. They are constant
ly disturbed, and calling for the care of the
owner, in making new investments. The
bonds offered by the city cannot be called
in sooner than thirty years, unless by con-
sent Of the holder. This is always regard
ed as a great advantage, especially to per-
sons unacquainted with the making of Sc
cure Investments.
Third. The rate Of interest. 1t is one
Of the simplest rules in money matters,
financial truth that no one will dispute, that
high rates of interest and poor security
generally 60 together Those who would
make long investments, with ample and
undo ubted security, must be content with
less rates. The rate of interest in the Bel
fast City Bonds is fixed at six per cent
But the Bonds are offered at ninety per
cent-which will make the interest on the
actual investment come pretty we'll up 10
seven per cent. The Bonds of The city Of
Bangor, which are no better or safer than
ours, to say the least, are selling al ninety
five, as fast as they can te put ia the
market.
Fourth. As to the convenience Of col
lectDg. Holders Of government bonds are
sometimes bothered in collecting the inter
est. There is no place nearer than Boston
h'lSi y tllI' ttt1 w 'toHCr coupons Stul ny
mail are liable to be lost Expresses charge
high rates for collecting. individuals who
buy coupons here generally demand
heavy shave. So that, III one way or ano-
Their, seldom more than seven per cent is
realized on a five per cent gold bearing
bond. The interest on the Belfast City
Bonds is payable semi-annually in Belfast,
Portland or Boston. There are sixty cou-
pous on each bond, to be cut off and pre-
sented as the interest falls due Hence
there can be no trouble. delay or risk in
their collection.
From these facts it will be seen that the
city loan offers opportunities that are not
excelled to lay by something for time of
need. The bonds may be had of any sum,
by hundreds. from one hundred to thou
sand. Mr.. Thorndike, City Treasurer,
or W. t. Colburn, will be happy to accom-
MEDIATE all who may call for them.