Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-10-04
U. 8. 7-sO Loan.

Tho Secretary Of the Treasury gives notice that
subscriptions viii be received for Coupon Treasury
Notes. payable three years from Aug. 18th, IBe4,
with son- interest ut tho rats Of seven and
three- e-tenths Per cent. per principal and in
terest both TO DO paid in lawful money.
Thofe notes will be convertible at the option Of
the holder at maturity, into six per cont gold bear
ing bonds payable not less than 1--WE nor more than
twonty years from their date, a. the Government
may elect. They win be issued in denominations Of
$780, 800, $780, 81 900 and IS ooo and all subserp
tions must bo for fifty dollars or some multiple Of
| fifty dollars. = N'.'s
Tho notes will bo transmitted 10 the owners FREQ Of
transportation charges as after tho receipt Of
tho original Certificates Of Deposit as they can be
prepared. Ett 1..fit}tl8 tftf Wi
As tho notes draw interest from August 1S persons
| making deposits subsequent 70 that date must pay
the interest accrued from date Of note TO dAto Of de-
posit. so
Parties dopositing twenty-five thousand dollars
and upwards for these notes ut any time will be
allowed commission Of one-quarter of ono Per cent
SPECIAL ADVANTAGES OF THIS LOAN. { 4
IRIS ANAT1oNAI SAVINGS BANK. offering high
er ratio Of interest than any other and the 6sst sscIr-
". Any savings bank which pays its dspositors in
u s. Notes, considers that it is paying in tho best
circulating medium Of the country, and il cannot
pay in anything better for it's own assets are either
In government securities in notes or bonds paya-
bic in government paper.
II is equally convenient IS temporary or perma-
nent investment. The notes can always be sold for
within fraction of their face and accumulated in
tcros. and tho best security with banks as ool
latersls for discounts.
Convertible into Six per cent. $40 Gold Bond.
In addition to tho very liberal interest on the
notes for three years. this privilege Of conversion is
now worth about three por cent per annum, for tho
current rate for $40 Bonds is not loss than njns er
cent. premium. and before the war the premium on
six per cent u s. stocks was over twenty per cent
II will be that the actual profit on this loan, nj
tho present market rate, is not less than ten per
cent per annum. .0 HtH
Its Exemption from State or Municipal Taxa
ton. Hsas'r
But aside from all the advantages wo have onumer-
atod, a special Act Of Congress Arsmpts all oonds
and Treasury notes from losa5 tdsaRon. On tho
average this exemption is worth about two per cent
per annum, according TO the rate Of taxaton in va
rious parts Of the country. ..tr..
ducements to lenders as those issued by tho govern
ment In all other forms Of Indebtedness tho faith
or ability Of private parties. stock companies. or
separate communities only. is pledged for payment,
while the whole property Of the country is held to
secure the discharge Of all the obligations Of the
United States. ....rr.r ....,.
While the government offers the most liberal terms
for its oans it believes that the very strongest APP
peal will be to the loyalty and patriotism Of the poo
pie. .4 .,.... .,.-.....f-. al. A..
Up to the cath of September. the subscriptions to
this loan amounted to over - r.. ..
$AO,OOO,OOO. s
SUBSCRIPTIONS WILL BE RECEIVED by the Treas
urer Of the United States, at ashington, the sew
eral Assistant Trsasurers and Designated Deposit
aries, and by the
FIRST NATIONAL BANK OF COLUMBUS, OHIO,
ALL RESPECTABLE BANKS AND BANKERS
throughout tho country will give further informa-
tion and ,# f, IN
AFFORD EVERY FACILITY roSUBSCRIDERS TO