Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1864-10-15
U. S. 7-3O LOAN.

The Secretary of the Treasury gives notice that sub
scrpons will be received for Coupon Treasury Notes.
payable three years from Aug. 18th, 1864, with semi
annual interest at the rate of and theetenths
per cent per annun-princpal and interest both to be
paid in lawful money
Tness notes viii be convertible at the option of the
holder at maturity into six per cent gold bearing
bonds payable not less than five more than twenty
years from their date as the Government may elect
They viii be issued in denominations of $50 $780, $780,
81 900 and S5OOo and all subscriptions must be for fifty
dollars multiple of fifty dollars.
The notes will be transmitted to the owners free
transportation charges soon after the receipt of the
original Certificates of Deposit as they can be pre-
pared.
As the notes draw interest from August IS, persons
making deposits subsequent to that date must pay the
interest accrued from date of note to date of deposit
Parties depositng twenty-five thousand dollars and
upwards for these notes at any one time will be allowed
commission of one-quarter of one per cent, which
viii be paid by the Treasury Department upon the
ceipt of bill for the amount certified to by the officer
with whom the deposit was made. No deductions for
commissions must be made from the deposits.
SPECIAL ADVANTAGES OF THIS LOAN
tits National Saving Bank, offering higher rate of
interest than any other and the best security Any
savings bank which pays Its depOsitors in U Notes.
considers that is paying in the best circulating med
UNI of the country and it cannot pay in anything bet
ter for its own assets either in government securi
ties in notes bonds payable in government paper
1t sequary convenient temporary or permanent
investment. The notes always be sold for within
Of syd
the best security with banks as coateras for discounts
CONVERTIBLE INTO A SIX PER CENT. $40
GOLD BOND,
In addition to the very liberal ntereston the for
three years, this privilege of conversion is worth
about three per cent per annum for the current rate
$40 Bonds is not less than nine per cent PREMIUM
and before the war the premium per cent. U. 5
stocks twenty per cent. 1t will be that
the actual profit this loan, at the present market
rate, is not less than ten per cent. per annun,.
ITS EXEMPTION FROM STATE OR MUNICIPAL
TAXATION.
But aside from all the advantages have enumera-
ted, special Act of Congress exempts all bonds and
Treasury notes from local taxation. On the average,
this exemption is worth about two per cent per
according the rate of taxation various parts of the
country.
II is believed that securities offer great induce
ments to lenders those issued by the government -
In all other forms of Indebtedness the faith ability
of private parties stock companies, separate
munites only, pledged for payment while the whole
property of the country is held TO the discharge
Of all the obligations of the UnitedEStates.
While the government offers the most liberal terms
for its losns believes that the very strongest appeal
will be to the loyalty and patriotism of the people
Duplicate certificates will be issued for all deposits
The party depositing must endorse upon the original
certificate the denomination OF notes required, and
whether they to be issued in blank or payable to
order. When endorsed it must be left with the Off
Ger receiving the deposit to be forwarded to the reasu
ry Department
Subscriptions viii be received by the Treasurer Of the
United States, at Washington, the several Assistant
Treasurers and designated Depositares, and by the
FIRST NATIONAL BANK OF ST. PAUL,
and by all National Banks which are depositsries
public money and all respectable Banks and Bankers
throughout the country viii give further information
aud afford every facility to subscribers.