Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-19
q. S. 7-SO LOAN.

The Secretary Of the Treasury gives notice that
subscriptions will be received for Coz pom Treasury
Notes, payable three years from Aug. 18th, 1861,
with semi annual interest at the rate of seven and
three-tsnths per cent. psr aunum-principal and
interest both to be paid in lawful money.
These notes Will be convertible at the option OF
the holder at maturity. into six per cent gold-bear
ing bonds, payable not less than five nor moro than
twenty years from their date, as the Governments
may elect. They will be issued in denominations of
$50 $780, $500 1900 and s. 900, and all suhscrip-
tiOns must bo for fifty dollars or some multiple OF
Afty dollars.
The notes will he transmitted to the owners free
of transportation charges az soon Ger the receipt
of the original Certificates Of Deposit as they can
be prepared
As the notes draw interest from August 10, per-
sOna 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 one time will be
allowed oommission of one-quarter of one per
ceot.. which will be paid by the Treasury Depart
ment upon receipt of bill for the amount, certified
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
IRIS NATIONAL SAVINGS BANK, offering higher
rate ofinterest than any other, and ts best security
Any savings bank which pays its depositors in o.
s. Notes. considers that it paying in the hest cir
ouIatiug medium Of the country, and it cannot pay
in anything better o- its own assets are either in
government securities or in notes or bonds payable
in government paper.
1t is equally cOnvenisnt as temporary or per
manent Investment. The notes can always be sold
for within fraction Of their face and accumulated
interest, and are the best security with banks as
collaterals for discounts
into Six 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 20 Bonds is not less than nine pc,
cent. pTeuliua; and before the war the premium on
six per cent. o. s. stocks over twenty per cent.
It will be seen that the actual profit on this loan
at the present market rate is not less than ten per
cent. per annum.
a. E,or,,,f5o,, f,-o,,. s-so.. - ,urzs
pal Taxation.
But aside from all the advantages we have emo
nerated, special Act of Congress e1enPis all bond
l,Ri Treasury notes from local tazation On the aver
age. this exemption is worth about two per cent.
per annum, according to the rate Of taxation in Va
riOus parts of the country.
It is believed that no securities oner so great in
iucements lenders as those issued by the govern
nent. In oil other forms of indebtedness the faith
IT ability Of private parties OF stock companies,
eparats communities, only, is pledged for pay
nent, while the whole property of the country Is
leld to the discharge Of all the obligations
/, the United States
While the government oilers the most hbers
for its loans IT believes that the very strong
st apPes will be to the loyalty and patriotism OF
he people.
SUBSCRIPTIONS WILL RECEIVED by the Treasurer
the United States, at Washington. the sevsra
Assistant Treasurers and Designated Depositrries,
md by the
First National Bank OF cleveland, O.,
IeeOnd National Bank
md all National Banks which are dspOaitaries Of
ublio money, and
RESPECTABLE BANKS AND BAEKEBs
the country will give further informs.
lon and
.FFORD EVERY FACILITY TOsUBsCBTBERs.
sug22;l69