Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-12-02
TT. s. 100 LOAN


The Secretary of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aug
10th, 1864, with semi-annual interest, at the
rate of seven and three-tenths per cent per an.
num-principal and interest botho to be paid al
lawful money.
These notes will be convertible at tho option
of the holder at maturity into six per cent gold
bearing bonds payable not less than five moi
more than twenty years from their date, as the
Government may elect. They will be issued in
denominations of $50, 500, $500, $1,000 and
So, 900, and all subscriptions must be for fifty
dollars, or some multiple Of fifty dollars.
The notes will be transmitted to the owners
free of transportation charges as soon after the
receipt of the original Certificates of Deposit a'
they can be prepared
As the notes draw interest nom August 10th
persons making deposits subsequent to thai
date must pay the interest accrued from date o.
mote to date of deposit.
Parties depositing twenty-five thousand dol
lars and upwards for these notes at any one
time, will be allowed a commission of one
quarter of one per cent, which will be paid by
the treasury department upon the receipt OF
bin for the amount, certified to by the officer
with whom the deposit was made. No deduc
tons for commissions must be made from the
deposits.
Special advantages Of this Loan.
II is A NATIONAL SAVINGS BANK, offering
higher rate of interest than any other and th'
BEST security. Any savings bank which payi
its depostors in U. s. Notes, considers that it il
having in the best circulating medium of thu
country, and it CANNOT pay in anything better
for its own essets are either in Government Sc
curities or in notes and bonds payable in Coy
crnment paper.
1t is equally convenient as temporary
permanent investment. The notes can Away
| be sold for within a fraction OF their face an,
accumulated interest, and are the best securit,
with banes as colaterals for discounts.
| Convertible into Sir per cent. $40 God Bond
In addition to the very liberal interest on tn
notes for three years, this privilege of CONVEX
sion is now worth about three per cent per an
mum, for the current rate Of 500 Bonds is no
Hess than nine per cent. premium, aud befor
the war the premium on six per cent. U.
stocks was over 20 per cent. 1t will be see1
that the actual profit ON this loan, IT the presen
market rate, Is not less than ten per cent. pc
Iannum.
It's Exemption from state or municipal 1aratioH
But aside from all the advantages we hay
enumerated, ssecial act Of Congress erempt
all Bonds and treasury notes from local taxa
Etion. On the average, this exemption is wort
about two per cent. per annum, according t
the rate of taxation in various parts Of Tia
country.
1t is believed that no securities offer so grea
inducements to lenders as those issued by til
government In all other forms of indebted
mess, the faith or ability Of private parties, o
stock companies, or separate communities only
is pledged for payment, while the whole pre-
lperty of the country is held t. secure the dis
charge of all the obligations Of the Unite
States,
While the government offers the most liber'
terms for its loans. it believes that the yer
strongest appeal will be to the loyalty and pal
rlotism Of the people.
Duplicate certificates will be issued for all de
posts. The party depositing must endorse NJ
ion the original certificate the denomination {
/ notes required, and whether they are to be is
sued in blank or payable to order. When S
endorsed it must be left with the officer receiy
ing the deposit, to be forwarded to the Treas
ury Department
SUBSCRIPTIONS will be received by the Treas
Iurer of the United States, at Washington, tn
several Assistant Treasurers aud designated DE-
Ipostares, and by the
First National Bank Of Bennington, VT,
! First National Blk of North Bennington, Vt
Brandon National Bank of Brandon, Vt,
FIRST National Bank of Springfield, VT,
First National Bank of St. Adams, VT,
and by all National Banks which are deposits
ries of public money, and
Al Respectable Banks and Banker
throughout the country will give further IL
formation. and
ABord ecery Facility to Subscriber
! 34m3