Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-10-14
q. s. 7-30 LOAN.


The Secretary of the Treasury gives notics
that subscriptions win be received for Coupon
Treasury Notes, payable three years from Aug.
10Th, 1864, with senni-annual interest, at the
rate Of seven and three-tenths per cent. per an
num--principal and interest bosho to be paid IA
lawful money.
These notes will 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, $1,000 and
$1,000. and all subscriptions must be for city
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 as
they can be prepared.
As the notes draw interest from August i5th..
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, win be allowed a commission of one
quarter Of one per cent, which will be paid
the treasury department upon the receipt Of q,
bill for the amount, certified to by the officer
with whom the deposit was made. No deduc-
tons for COMMISSIONS must be made from tho
deposits.
Special advantages Of this Loan.
IT is a NATIONAL SAVINGS BANK, offeringa
higher rate Of interest than any other, and the
BEST security. Any savings bank which pays
its depositors in u s. Notes, considers that it Is
paying in the best circulating medium of the
country, and It CANNOT pay in anything better,
for its own essets are either I'm Government Sc
curitics or in notes and bonds payable In Coy
eminent paper. Gs 81
1t is equally convenient as temporary or
permanent investment. The notes can always
be sold for within fraction of their face and
interest, and are the best security
with banes as collaterals for discounts.
Convertible into Sir per cent. $40 Gold Bond
In addition to the very liberal interest on tho
notes for three years, this privilege of CONVEX
sion is now worth about three per cent. per an
lum, for the current rate of $40 Bonds Is not
ess than nine per cent. premium, and before
he war the premium on six per cent. q. s.
itocks was over 20 per cent. 1t will be seen
hat the actual profit on this loan, 1T the present
market rate, is not less than ten per cent. per
lnnum.
Is Exemption from state or municipal 7,arahon.
But aside from all the advantages we have
ssecal act of Congress crempts
II Bonds and treasury notes from local taxa
ion On the average, this exemption is worth
bout two per cent. per annum, according to
he rate of taxation in various parts Of tho
ountry.
1t is believed that no securities offer SO great
Inducements to lenders as those issued BY the
overnment. In all other forms of indebted
ess the faith or ability of private parties, or
tock companies, or separate communities only,
pledged for payment, while the whole pro-
erty of the country is held to secure the dis.
barge of all the obligations of the United
tates rraw
While the government offers the most liberal
rms for its loans, it believes that the very
rongest appeal will be to the loyalty and pat
otism of the people. l
Duplicate certificates will be issued for all de-
osts. The party depositing must endorse up
4 the original certificate the denomination of
otes required, and whether they are to be is
led in blank or payable to order. When so
ldorsed 1t must be left with the officer receiy-
g the deposit, to be forwarded to the Treas
" Department.
SUBSCRIPTIONS will be received by the Treas
er Of the United States, at Washington, the
veral Assistant Treasurers and designatedDo-
'sitares, and by the
First National Bank of Bennington, VT,
First National Blk of North Bennington, VI,
Brandon National Bank of Brandon, VT,
FIRST National Bank of Springfield, VT,
First National Bank of ST. Adams, VT,
ID by all National Banks which are deposita.
IS of public money, and @
u Respectable Banks and Bankers
roughout the country will give further In
rmation, and
ford erery Facility TO Subscribers.
34m3
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