The Grand Haven news. [volume] (Grand Haven, Mich.) 1858-18??, 1864-08-10
u. S. 7-ao LOAN.

The Secretary Of the Tressnry gises notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years from. Aug
18th, 1864, with semi annual interest It the rate
Of seven and three-tenths per cent per Annum-
principal and interest both to epaid in lawful
money.
These notes win be convertible at the option
of the holder at maturity into six per cent. gold
bearing bonds, payable not less than five nor
more than twenty years from their date, as the
Government may elect They win be issued in
denominations of $50, 500, $500, 81, 900 and
$4,000, and all subscriptions must be for fifty
dollars or some multiple Of fifty dollars.
The notes win be transmitted to the owners
free of transportation charges as soon after tho
receipt of the original Certificates of Deposit as
they can be prepared.
As the notes draw interest from August 10.
persons making deposits subsequent to that date
must pay the interest accrued from date of note
to date of deposit.
Parties depositing twenty-five thousand dol
lars and upwards for these notes at any one time
will be allowed commission Of one-quarter Of
one per cent, which sill be paid by the Trea-
ury Department upon the receipt Of a bill forthe
amount certified to by the officer with whom
the deposit was made. No deductions for COM
missions must be made from the deposits.
Special Advantages of this
Loan.
IrIsA NATIONAL SAVINGS BANK, Offering a
higher rate of interest than any other, and the
best security. Any saving banks which pays its
depositors in U. s. Notes, considers that it is
tho best circulating medium of the country, and
it can not pay in anything better, for its own as
sets are either in government securities or in
notes or bonds payable in government paper.
1t is equally convenient as temporary or
permanent 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.
Convertible into a Six per cent. $40
Gold Bond.
In addition to tic very liboral interest on the
notes for three years, this privilege of CONVEX
sion is now worth about three per cent. per an.
mum, Cor the current rate for $50 Bonds is not
less than aine percent. premium, and before tho
war the premium on six per cent. U. s stocks
was over twenty per cent. 1t will be seen that
the actual profit on thi. loan, at the present
market rate, is not less than ten per cent. per
annum.
Its Exemption from State or Munich
pal Taxation.
But aside from all the advantages wo have
N'''''iN''''"' " eFVVi" NV VI NohSfeso cSeWph
all bonds and Treasury notes from local ,araiion.
On the average, this exemption is worth about
two per cent. per annum, according to the rate
of taxation in various parts of the country.
Iii believed that no securities offer so great
inducements 10 lenders as those issued by tho
government, In all other forms of indebted
ness, the faith or ability of private parties, or
stock companies, or separate communities, only,
is pledged for payment, while the VIII ole proper
ty of the country is held to secure the discharge
Of all the obligations of the United States.
While the government offers tho most liberal
terms for its loans, il believes that tho very
strongest appeal will be to tho loyalty and pa
triotSm of the people.
Duplicate certificates will be issued for Aide
posits' Tho party dcpositing must endorse up
on the original certificate the denomination Of
notes required, and whether they arc to be ia.
sued in blank or payable TO order. When SO en-
dorsed it must no left wjth'the officer receiving
the deposit, to DO forwarded to the Treasury
Department.
SUBSCRIPTIONS WILL BE RECEIVED by the
Treasurer of the United States, at Washington.
the several Assistant Treasurors and designated
DcPOsitaries, and by tho
FIRST NATIONAL BANKS OF
Milwaukee, Wis, e. Fentonvillc, Micr
IL 80 Il D. u :.