Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-11-16
II. s. 7,3O LOAN.

/ The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasu-
ry Notes payable in three years from August Is,
1854 with semi-annua interest az the rate of sew
en- and three tenths per cent. per annum-princi-
pal and interest both t, be paid in lawful money.
These notes will be convertible at the option of
the holder maturity. into six per cent. gold
bearing bonds, payable less than five more
than twenty years from their date, the Govern
ment may eject. They will be issued in denomi
nations of $50, 500. $500, s 600 and $1,000 and
subscriptions must be for fifty dollars or some
multiple of fifty dollars.
The notes will be transmitted to the owners
free of transporatio charges soon after the
receipt of the original certificates OF deposit
they can be prepared
As the notes draw interest from August 18th,
persons making deposits subsequent to that date
must pay the interest accrued from date of note
to date of deposit
Parties depositing twenty-five tn ossand dollars
and upwards for these notes at any time will
be allowed commission of one-q quarter Of
per cent, which will be paid by ahe Treasury
Department upon a receipt for the amount. certi-
fed TO by the officer with whom the deposit
made. No deductions for commissions must be
made from the deposits
Special advantages of this Loan.
It's National Savings Bank, offering high
er rate of interest than any other, and THE BEsr
SECURITY. ANY savings bank which pays its de-
postors in Z : Notes considers that it is paying
in the best circulating medium of the country,
and it cannot pay in anything better, for its own
assets either government securities in notes
or bonds payable in. government paper.
II * t1v fam
manent investment. The notes can always be
sold for within fraction of their face and accu-
InuIated interest and are the best security with
banks collaterals for discount
Convertible into Six per cent. 500
! GOLD BoND-In addition to the very liberal in
terest on the notes for three years, this privilege
| Of conversion is worth about three per cent
per anuum, for the current rate for 500 Bonds i.
not less than NINE PER CENT. PREMIUM, and before
/ the the premium on six per cent. e. s stocks
was over twenty pQr cent. 1t will be tbs /
the actual profit on this loan at the present ma
ke rate, is less than ten per cent. per Il,
It's exemption from State and NUM-
! cIpAL TAxAuoS.-But aside from al the advanta-
ges we have enumerated, special Act of Con-
gress ExEMFTs ALI bonds and Treasury aotes from
!
! is worth about Two per cent. per annum, accord
! ing to the rate Of taxation in various parts OF
the country.
| 1t is believed that no sec lrities offer so great
Inducements TO lenders as those issued by the gov
ernment. In all other forms of indeht edness, the
faith or ability of private parties, ock compa
MES seperate 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
| While the government offers the most liberal
terms for its Loans, it believes that the very
strongest appeal will be to the oyaty and pstri-
otism of the people.
Duplicate certificates will be issued for all dc
posits. The party depositing must endorse upon
the ORIGINAL certificate the denomination of notes
required, and whether theg TO be issued in
blank or payable to order. When so endorsed it
must be left with the officer receiving the deposit
to be forwarded to the Treasury Department
Subscriptions will be eceived by the Treasurer
of the United States at !, ashingtou; the several
Assistant Treasurers and Designated Depositariss,
and by the
First Nationa Bank of Altoona
and by all National nks which are depositaries
of public money, an ALL RESPECTABLE BANKS
AND BANKERS throughout the country will give
subscribers. September 81. 86i 2lm