Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1864-10-21
u. S. 7-3O LOAN.

The Secretary of the Treasury gives notice thss
subscriptions will be received for Coupon Treasury
Notes payable three years from Aug 18th, 1904, with
semannual interest at the rate of seven and three.
tenths per cent per um,-principal and interest
both to be paid in lawful money.
The notes will be convertible at the option Of the
holder at maturity, into six per cent gold b airing
bonds, payable not less than five nor more than
twenty years from their date, the Government
may elect They will be issued in denominations OF
$50, $780, $500, 600 and 5000, and all subscrip-
lions must be for fifty dollars multiple d
fifty dollars.
The notes will be transmitted to the 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 rs, per.
sons making deposits subsequent to that date must
pay the interest accrued from date # note to d b
of deposit
Parties dtposing twenty-five thousand dollars
and upwards for these notes at any one time will bo
allowed commission of one-quartsr of one per
cent which will be paid by the Treasury Depary.
ment upon the receipt of bill for the amount, GER
tilted to by the officer with whom the deposit was
made. No deductions for commissions must be
made from the deposits:
SPECIAL ADVANTAGES Of THE LOAN.
IT IS NATIONAL SAVINGS BANK, offering 4
higher rate of interest than any other, and the best
security. Any savings bank which pays its deposi.
tors in u S. Notes. considers that it Is paying in the
best circulating medium of the country, and 1t
not pay in anything better, for its own assets are
either in government securities in notes or bonds
payable in government paper.
1t is equally convenient a temporary or per
H.
for within fraction Of their face and accumulat.
interest, and the best security with banks as G.
aterals for discounts.
Convertible into six per cent. $40 gold bono
In addition to the very liberal interest on thu
notes for three yeors this privilege Of conversion 10
now worth about three per cent per annum, for ths
current rate for $40 Bonds is not less than per
cent premium and before the war the premium on
six per cent. L. s. stocks twenty per cent
1t will be that the actual profit this loan Al
the present market rate is not less than per cent
per annum.
Its Exemption from State or Municipal
Taxation.
But aside from all the advantages we have enum.
Grated, a special Act of Congress erempts all bosds
and Treasury notes from, local taxation. On the
average, this exemption is worth about per cent.
annum according to the rate of taxation In various
parts VI Tie country
1t is believed that no securities Offer so great In
ducements to lenders as those issued by the govern
ment. In all other forms of Indebtedness the faith
or ability of private parties stock companies,
seperate communities, ONLY is pledged for payment,
while the whole property of the country is held to
the discharge of all the obligations Of the
United States.
Willie the government eTers the most liberal
terms for its loans it believes that the very strong
est appeal will be to the loyalty and patriotism Of
the people.
Duplicate certificates will be issued for all deposits
The party depostng must endorse upon the original
certificate the denomination of notes required, and
whether they to he issued in blank payable to
order When endorsed it must be left with the
officer receiving the deposit, to be forwarded to the
Treasury Department
SUBSCRIPTIONS WILL BE RECEIVED by the Treas.
urer of the United States at Washington. the sew.
era Assistant Treasurers and designated Depositass
les, and by the
First National Bank Of Augusta, Me.
First National Bank Of Bangor Me-
First National Bank OF Bath Me.
First National Bank of Brunswick, Nc,
First National Bank of Lewiston, Nc.
First National Bank of Portland, Nc.
| and by all National Banks which are depositarias
of public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further informa.
ton and
AFFORD EVERY FACILITY TO SUBSCRIBERS.
3mos 20