Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-10-31
U. s. 7-3O Lean

The Secretary Of the Treasury gives notice that
subscriptions win be received for Coupon Treasury
Notes, payable three years from Aug. 18th. 1854.
with emi-annual interest at the rate of seven and
three tenths per cent. per annum-principa OIL in
terest both to be paid in lawful money.
These notes will be convertible at the option Of
the holder at maturity, into six per cent geld bear
ing bonds, payable not less than five nor mme than
twenty years from their date, as the Government
may elect They will be issued in denominations OF
$50, 500. $780, 81 900 and 5000. and all subscrip-
tions must be for fifty dollars or some multiple OF
fifty dollars.
The notes will be transmitted to the owners fee Of
transportation charges after the receipt OF
the original Certificates of Deposit as the, cen be
prepared.
As the notes draw interest from August Is persons
making deposits subsequent to that date ustpay
the interest accrued from date Of note to date ct de-
posit.
Parties depositing twenty y-fve thousand liars
and upwards for these notes at any one time will be
allowed commission Of one-quarter Of one or cent.
SPECIAL ADVANTAGES OF THIS LOAN.
ITrsA NATIONAL SAVINGS BANK. oferinp ahigh-
or rate of interest than any other. and heoes sec
ty. Any savings bank which pays its depo itcrs In
u s. Notes, considers that it is paying in the best
circulating medium Of the country. and 1t c0n@of
pay in anything better for its own assets are either
in government securities or in notes or BON sraya-
BILE in government paper.
It's equally convenient as temporary or perma-
nent investment. The notes can always be sold for
within fraction of their face and accumulated in
terest and are the best security with bank as COL
laterals for discounts.
Convertible into Six per cent $40 Gold Bund
In addition to the very liberal interest On the
notes for three years. this privilege Of conversn is
now worth about three per cent. per annum. for the
current rate for $50 Bonds is not less than inc per
cent. premium and before the war the premium on
six per cent U. 8. stocks was 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.
Its Exemption from State or Municipal Taxa
ton.
But aside from all the advantages we havoc umer-
ated, a special Act of Congress erenpts GP bends
and Treasury notes from local tdDdtion. On the
average this exemption is worth about two per cent
per annum according to the rate Of taxation in va
rious parts of the country.
IL Is believed that no securities oner 80 81 ea IN
ducements to lenders as those issued by the Lovcrn-
ment. In all other forms Of Indebtedness. the faith
or ability of private parties, stock companies,
separate communities, only is pledged for payment,
while the whole property of the country is hsj to
secure the discharge of all the obligations Of the
United States.
While the government offers the most liberia to. ms
for its loans it believes that the very strongest ap-
peal will be to the loyalty and patriotism of II
pie.
Up to the oath of September. the subscript on to
this loan amounted to over
$4,000, 900.
SUBSCRIPTIONS WILL BE RECEIVED by the Treas
urer of the United States at W Washington the sew
eral Assistant Treasurers and Designated Deposit
aries. and by the
FIRST NATIONAL BANK OF COLUMBUS, OHIO,
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further in. orma
tion and
AFFORD EVERY FACILITY TO SUBSCRIBERS
sepl-2md&w