Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-10-07
U. S.h 80 Loan

The Secrotary Of the Treasury gives notice that
subscriptions win Be received for Coupon Treasury
Notes, payable three years from Aug. 18th, lee4.
with semi-annual interest vt the rate Of reven and
three tenths per cent. per apnumprincipal and in
terest both 70 be raid in lawful money.
These notes will be convertible at the option OF
the holder maturity, into six per cent gold bear
ing 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, $780, $500. $1,000 and $5 oOO and oil subscrip-
tions must be for hfty dollars or some multiple Of
fifty dollars. ..-,..... --s.-......-
Tho notes will BIO transmitted to tho owners free Of
transportation charges as soon after tho receipt Of
tho original Certificates Of Deposit rs they can DO
prepared.
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 de-
posit.
Parties depositing twenty-five thousand dollars
and upwards for these notes at any time will bo
allowed commission Of quarter Of one per cent.
SPECIAL ADVANTAGES OF THIS LOAN.
ITIsA NATIONAL SAVINGS BANK. Offering high
er rate Of interest than any other and tie best secsT
ty. Any savings bank which pays its depositors in
u s. Notes. considers that it is paying in tho best
circulating medium Of the country, and it cannot
pay in anything better, for its assets either
in government securities or in notes bonds paya
bic in government paper. rtty
II is equally convenient rs q temporary or pcrma-
mont Investment. The notes can always be sold for
within fraction of their face and accumulated in
tcrest and are the best security with banks as coll
laterals for discounts. 4- aa-f fsr.eate
Convertible into Six per cent. $40 Gold Bond.
In addition to tho vory liberal interest on the
notes for three years. this privilege Of conversion is
now worth about three per cent. per annum, for the
current rate for $40 Bonds is not less than nfns per
cent. premium, and before the war the premium on
six per cent. u s. stocks was twenty per cent.
It will be seen that the actual profit on this loan, at
the present market rate, is not less than ten Per
cent. per annum. .I.rs Een
Its Exemption from State or Municipal Taxa
.a sir ton.
But aside from an the advantages We have enumer-
atcd, special Act Of Congress erenpts oH oonds
and Treasury notes from local tasdtion. On tho
average this exemption is worth about two per cent.
per annum, according to the rate Of taxation in va
rous parts Of the country.
II is believed that no securities offer so great in
ducements to lenders those issued by the govern
ment In all other forms Of Indebtedness, the 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 tho
United States.
While the government offers the most liberal terms
for its oans it believes that the very strongest ap-
peal will beto the loyalty and patriotism of the pco-
pie.
Up to the cath of September. tho subscriptions to
this loan amounted to over
$4O,OOO,OOO .5
SUBSCRIPTIONS WILL BE RECEIVED by the Treas
urer of the United States at Washington, the sew
eral Assistant TrCasurcrs and Designated Deposit
aries, and by the
FIRST NATIONAL BANK OF COLUMBUS. OHIO,
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further informa-
| tion and r..ae.l E.. Tn r'
AFFORD EVERY FACILITY TO SUBSCRIBERS
sepl-2md&w ......... .....