Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1864-10-12
u, s. 7-3O LOAN.


subscriptions will be received for Coupon Treas
ury Notes, payable three years from Aug. 18th
1864, with semannual interest at the rate Of
en- and three-tenths per cent. per annum,-prin.
cipal and interest both to be paid in lawful mon
ey.
| 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 will be issued in
denominations of $50, 500, $500, ST. 900, 5000.
and all subscriptions must be for $50 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 AZ
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 de-
post.
Parties deposting twenty-five thousand dol
lars and upwards for these notes at any one time
will be allowed commission of one-quarter of
one percent, which will be paid by the Treasury
Department upon tine receipt of bill for the
amount, certified to by the officer with who's. the
deposit was made. No deductions for commits
sions must be made from deposits.
Special advantages Of this Loan.
IrIsA NATIONAL SAVINGS BANK. offering a
higher rate of interest than any other. and the
BEST sEcUhITY. Any savings bank which pays
its depostors in U. s. Notes considers that it IL
paying in the best circulating medium Of the
country, and it cannot pay in anything better.
or its own assets are either in government Sc
curites or in notes or bonds payable in govern
mcnt paper.
1t is equally convenient as q temporary or per
manent investment The notes can always be
sold for within fraction of their face and accu-
mulated interest, and are the best security with
banks as collaterals for discounts.
Convertible into a Six per.cent $40 Bond.
In addition to the very liberal interest on the
notes for three years this privilege of conversion
is now worth about three per cent per annum, fol-
the current rate for $50 Bonds is not less than
NINE percent PREMIUM, and before the war the
premium on six percent U s. Stocks was owe,
twenty per cent. IT will be seen that the aetna
profit on this loan, at the present market rate, !,
not less than ten per cent per annum.
Its Exemption from state or Municipal Tax
Il alton.
But aside from all the advantages we have emu
merated, special Act Of Congress ExEaPTs ALI
BONDS AND TREASURY NOTES FROM LOCAL TAX
ALTON On the average, this exemption Is worth
about two per cent per annum, according to the
rate of taxation in various parts Of the country
II is believed that no securities offer so grea
inducements to lenders as those issued by the
government. In all other forms Of Indebtedness
the faith or ability of private parties, or stock
companies, or separate communities, only II
pledged for payment while the whole property
of the country is held 10 secure the discharge o
all the obligations of the United Stares.
While the government offers the most liberia
strongest appeal will be to the loyalty and pat
riotism of the people.
Duplicate certificates will be issued for oil de
posits. The party depositing must endorse upo,
the ORIGINAL certificate the denomination o
notes required, and whether they are to be issuet
in blank or payable to order. When so endorses
1t must be left with the officer receiving the dc
, post, to be forwarded to the Treasury Depart
ment.
Subscriptions will be received by the Treasur
er of the United States at Washington. the sew
eral Assistant Treasurers and designated Deposit
aries. and by the First National Bank OF Spring
field. VT, and the First National Bank of st. AL
bans, Vt. and by all National Banks which ar
depositaries of public money, and all respectable
banks and bankers throughout the country will
give further information an. afford every tacilit.
to subscribers. Ssmo