from The Century Dictionary and Cyclopedia
- The popular name for certain five per cent. bonds issued by the government of the United States in 1864, redeemable at any time after ten years, and payable at the end of forty years.
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Everywhere, at home, in the theatres and public resorts not less than on the Exchange, were heard animated discussions about "seven-thirties" and "ten-forties."
The various issues authorized by act of Congress were known as "seven-thirties," "ten-forties,"
He may think it to his interest to retire the whole of the seven-thirties or the ten-forties; but is it wise for us to give him that power now, at the heel of the war and before things have settled down?
The rate of interest on the bonds still stood at six per cent, except on the old debt of 1858 and 1860, and upon $194,567,300 of the ten-forties issued under the Act of March 3, 1864.
“five-twenties,” the “ten-forties,” and the “seven-thirties,” all the loans, the national banking system, in short, all the financial schemes of the administration were adopted by Mr. Lincoln upon the recommendation of Mr. Chase, with little apparent study upon his own part.