The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-09-12
FINANCIAL.
U. S. 7-3O LOAN.

The Secretary of the Treasury gives notice that
subscriptions viii be received for Coupon Treasury
Notes, payable three years from August Is, 1854,
three-tenths per cent per rannum.-prncipal and In.
terest both to be paid in lawful money.
These notes win be convertible at the option ofths
holder at maturity into six per cent gold bearing
bonds, payable not less than 1--WE nor more than
twenty years from their date. as the Government
may elect. They will be issued in denominations Of
nfty, one hundred, Eve hundred one thousand, and
i've thousand dollars, and all subscriptions must
be for fifty dollars, or some multiple Of fifty dol
lars.
The notes will be transmitted to this owners free Of
transportation charges soon after the receipt Of
the original Certificates Of Deposit as they can be
prepared.
As the notes draw interest from August IT, persons
making deposits subsequent to that date must pay
the interest accrued from date of note to date of de-
posit.
Parties depositing twenty five thousand dollars
and upwards for these notes at any one time will be
allowed commission OF one-qnarter of one per
cent, which will be paid by the Treasury Depart.
ment upon the receipt Of bill for the amount, Ger.
titled to by the officer with whom tn. deposit was
made. No deductions for commissions must be
made from the deposits
Special Advantages Of this Loan.
h'sa National Savings Bank, Offering higher
rate OF interest than any other and the beat sscxr
~ Any savings bank which pays ts depositors in
u S. Notes, considers that 1t is paying in the bsst
circulating medium of the country, and ii eanmot
pay in anything better. for ITS own assets are either
In Government securities in note. or bonds pay.
able in Government paper
Its equally convenient rs temprary or perma.
nent investment. The notes can always be sold for
within fraction of their face and accumulated in.
terest and are tho best security with banks as eoat
erals for discounts
Convertible into per cent. $40 Gold Bond.
In addition to the very liberal interest on the
notes for three years this privilege of conversion
now worth about three per cent per aunum. for the
current rate for SD Bonds not ess than mine per
cent premium. and before the war the premium on
six per cent u s. stocks were over twenty per cent
1t viii be that the actual profit on this loan, st
the prssen. msrket rate Is notices. than ten per cent
per annun.
Its Exemption from State or Municipal
Taxation.
But aside from all the advantages we have enum.
Grated. special Act OF Congress srezpss all bonds
and treasury notes rrou local tazatio.. On the
average. this exemption 10 worth about two Per
cent. Per annan, according to taxation I'm various
parts of the country.
1t Is believed that securities eser so great In
dseements to lenders Is those issued BY the Govern
meni. In all other sorms Of Indebtedness. the
faith or ability OF private parties or stock eonpan.
'e-, or separate communities only pledged fOrpsy
nent. while the whole property Of the country 10
hsd to the discharge all the obligations Of
the United States
whileths Governmsst offers the most liberal terms
lts loAnI ID believes that the very strongest sp
peal VIII be TO the loyalty and patriotism Of the poo
pie.
Subscriptions lriR Be BY the Treasurer Of
the United States. at Washington, the several As
sisiant rreasurers and designated Depositsres. and
by tho
First National Bank of Portland, Maine.
and BY ali National Banks which are Depositaries
Of public money. and all respectable Ranks and
Bankers throughout the country viii give further
information, and afford every facility to subscribe.
Aur 20-d&y2m