The Portland daily press., 1864-09-27
FINANCIAL.
U. S. 7-30 LOAN.

Inc Secretary of the Treasury gives notice that
subscriptions viii be received for Coupon Treasury
No'es' payable three years from August Is, 1864,
with semi annual interest at the rate Of seven and
tnree-tenths per cent per and in.
terest both to be paid in lawful money.
These notes viii be convertible at the option ofths
holder at maturity, into six per cent gold bearing
bonds, payable not less than five nor more than
twenty years from their date, as the Government
may elect They will be issued in denominations Of
nfty' one hundred, five hundred, one thousand, and
nve Thousand dollars, and all subscriptions must
be for fifty dollars, or some multiple of ffty dol.
lars. pi r.s5fl fJY rsE gHI
The notes will be transmitted to tbs owners free Of
transportation charges as soon after the recent of
the original Certificates Of Deposit as they can be
prepared
AS the notes awinterest from August is, persons
making deposits subsequent to that date must pay
the interest accrued from date of note to date of de-
posit. ,gf i.s-s-aa r
Parties depositing twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed commission OF one-qnarter of one per
cent, which viii be paid by the Treasury Depart.
ment upon the receipt of bill for the amount, DER
ahed to by the officer with whom the deposit was
made. No deductions for commissions must be
made from the deposits
Special Advantages Of this Loan.
Hssa NasiOna1 SaUiags Bank, Offering higher
rate of interest than any other and the best ssci
sy. Any savings bank which paysits depositors in
.. g. Notes, considers that is paying :. the best
circulating medium of the country, and it cannot
pay in anything better for Its assets are either
In Government securities or in notes or bonds pay.
able in Government paper.
Is equally convenient a. temprary or perma.
nent investment. The notes can always be sold for
within fraction of their face and accumulated in
torest and are the best security with banks as Ooat
erals for discounts 8ic 91ta3
Convertible into q per cent $40 Gold Bond.
In addition to the very liberal interest ON the
notes for three years. this privilege of conversion is
now worth about three per cent per annum, for the
current rate for $40 Bonds is not ess than nine per
cent premium. and before the war the premium on
six per cent u s. stocks were over twenty per cent
1t viii be seen that the actual profit on this loan a.
the present market rate not less than ten per cent
per aDnum.
It's Exemption from State or Municipal
Taxation.
But aside from all the advantages we have enum.
Grated special Act of Congress erempts all bond,
and treasury notes from local taratiow. On the
average, this exemption lie worth about two per
cent Fer annqm, according to taxation In various
parts of the country. s ~ sea
1t is believed that securities offer so great in
ducemens to lenders those issued by the Govern.
ment. In all other forms of Indebtedness, the
faith or ability Of private parties stock compan.
les or separate communities only pledged for pay
ment, while the whole property of the countryis
hsld to secure the discharge Of all the obligations Of
the United States s4i3g oiaIa..j s.aa ,sse
Whilethe Government offers the mostliberalterms
or its loans it believes the very an
peal will be to the loyalty and patriotism of the peo
pie. AaA h'
Subscriptions sciH be received by the Treasurer of
the United States, at Washington, the several AS
sstant Treasurers and designated Depostaries, and
by the ..s,..-f..-.-,
First National Bank of Portland, Maine.
and by all National Banks which are Depositaries
of public money. and all respectable Banks and
Bankers throughout the country will give further
information, and afford every facility to subscribe.
Aug 2O-d&w2m