Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-08-22
U. S. 7-sO LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from Aug. 18th, 1854,
with semiannual interest at the rate of seven and
Aree-tenths per cent, per aunum-principaI 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 gOldBear
ing bonds, payable not less than five nsr more than
twenty years from their date, as the Government
may elect. They will be issued in determinations of
$50 500 $500 81, 600 and s., ,OOO and sll suhscrip
tiOns must be for fifty dollars or some multiple Of
fifty dollars. ,-r-..
The notes will he transmitted to the owners free
of transportation charges as soon after the receipt
of the original Certificates Of Deposit as they can
be prepared rs,F F-a. .-.-
As the notes draw interest from August Is. per-
sons making deposits subsequent to that date must
pay the interest accrued from date of note to date
Of deposit. f+rf . .fs Ess-.a -s-
Parties depositing twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed a commission of one-quarter Of one Der
cect., which wilf be paid BY the Treasufy oepart
ment upon receipt ofa bill for the amount certified
to by the officer with whom the deposit was made.
No dedu0tiOus for commissions must be, pada from
the deposits. 8E
Special Advantages OfthiS Loan
IT = 5SAEIesAL sAYIsos BAs1s, oasrias q higher
rate of interest than any other, and The sjsseiy
ANY savings bank nIr-,vs-s-a-------------
s. Notes. considers that it is paying in the hest cir
culatiug medium of the country, and it cannot pay
in anything better for its own assets are either in
government securities or in notes or bonds payable
in government paper. t7-
1t is equally convenient as a temporary or Don.
manent investment. The notos can always be sold
for within fraction of their face and accumulated
interest, and are the best security with banks,
eOllaterals for discounts. s.F. IrT4g
Convertible into Six per Cent, 900
Gold Bond.
In addition to the very liberal Interest on I'll,
notes for three years, thi, n,,,, .,. ,.-.,on /.
| ----' privilege of conversion :
now worth about three per cent. per annum, for til
current rate for 20 Bonds isnOf less than nine PEI
cent. premium and before the war the premium on
six per cent U. s. stocks was over twenty per cent
1t viii be seen that the actual profit on this loan
at the present market rate, is not less than ten PEI
cont. per annum.
Its Exemption from State or Munich
paI Taxation. FTF
But aside from all the advantages we have emu
iHgr"ted speciaI Act of Congress e1empts all bond
opa T'saieyy rOtss zoyql taFation 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. r.v-T-.--
1t is believed that no securities oGfer so gret ID
ducements to lenders those issued by the govern
ment. In all other forms ofindebtedness, the faitl
or ability of private parties, or stock companies,
separate communities, only, is pledged for pay
ment, while the whole property of the country i
held to the discharge Of all the obligation
Of the United States i7i Dol
While the government offers the most Iibera
terms for its loans, it believes that the very Strong
est appeal will be to the loyalty and patriotism Q
the people. -lta.H- .d- =-v -.f.-. i'
srBscErPTIOSs WILL BE RECEIVED by the Treasure
of the United States, at Washington, the seTera
Assistant Treasurers and Designated Dgpositaries
ana by Ing -
First National Bank of Cleveland, o.
Second National Bank 'i-s. -- e
and all National Banks which are depositaries 0
public money, and i
RESPECTABLE BANKS AND BANKERS
throughout the country will give further iniorma
tion and '-t lsi" h1t1G f.Ff Is
AFFORD EVERY FACILITY TosUBsCRBERs
aug22:lG9 'i.-- rt