Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-12-07
D. 5 H-3O | D 4 4!

! The Secretary of the Treasurer gives no.
! tice that subscriptions will be received for
/ Coupon Treasury Notes, payable three years
/ from August 18th, 1864. with scmi~annuai
I interest at the rate of seven and three-teuths
per cent. per aunum--prIncipal and interest
both to be paid in lawful money.
These notes will be convertible at tbs
option of the holder at maturity, into SIX
per cent, gold bearing bonds, payable net
/ less than five nor more than twenty years
| from their date, as the Government ma7
elect. They will he issued IN denominati",.s
Of $50, 500. $500 81 900 and S. goo, and
all subscriptions must be for fifty dollars or
some multiple If fifty dollars.
The notes will be transmitted TO the own
ers free OF Transportation charges ss soou
after the receipt Of the original Certificates
OF Deposit as they can be prepared.
As tie notes draw interest from August
Is, persons making deposits subsequent to
that date must pay the interest accrued from.
date OF note tO date of deposit.
Parties depositing twenty-five thousand
dollars and upwards for these notes at any
time will be allowed a commission If one
quarter Of one per cent, which will De
paid by the Treasury Department upon the
rece;p Of bill for the amount. certified -
by the officer with whom il was ma6e-N5
deGuCtisus for commissions must be made
from the deposits.
SPECIAL ADVANTAGE OF THIS LOAN.
1t is National Savings Bank, Offering
higher rate of interest than any other, an
the best security. Any Savings Bank which
pays its deposltors il Z. S. Notes considers
that 1t Is paying in the best circulating mo
dunn Of the country, and it cannot paw in
anything hetter, for its own asets are either
IN government securities or in notes OF bonds
payable IL government paper.
1t Is equally convenient temporary o.
permanent investment. The notes can al
ways be sold for within a fraction of the:-
face and accumulated interest, aud are the
best security with banks as collatera.s for
iscuunts.
CONVERTIBLE INTO SIX PER CENT $40
GOLD BOND.
In addition to the very liberal interest on
th4 notes for three years, this privilege IF
conversion Is now worth about three rer
cent. per annum, for the current rate for
$40 Bonds is not less than nine per cent.
premium and before the war the premium
ON the six per cent. L. S. Stocks was over
twenty per cent. 1t will be seen that cns
actual profit Cd this loan, at the present
market rate, is not less than ten per cent
per annum.
It's EXEMPTION FROM STATE OR NUHIcIPAI
TAXATION.
But aside from all the advantages va
have enumerated, special Act of Congress
e1empts all bonds and Treasury notes from
tocat taxation. On the average, this exenp-
ton is worth about two per cent per sa-
nun, according to the rate Of taxation II
various part of the country.
1t is believed that no securities offer 50 great
inducements to the lenders as those issued
by the government. In all other forms OF
Indebtedness, the faith or ability Of private
parties, or stock companies. or separate
communities, only, is pledged for payment,
while the whole properly of the country Is
held to secure the discharge Of all the Ojli-
cations Of the United States
While the government offers the most
liberal terms for its loans. it believes that
the very strongest appeal will lie to the 10y
atty and patriotism OF the people.
Duplicate certificates will be issued for al
deposits. The party depositing must endorse
upon the original certificate the denomiua-
tion of notes required, and whether they arc
To be issued ir blank, or payable to order.
When endorsed it must be left with tie
officer receiving the deposit TO be forwarded
to the Treasury Department.
Subscriptions will be received by the
Treasurer of the United States. at Wash
ignton, the several assistant Treasures AID
designated Depositaries, and by the