The Portland daily press., 1864-09-06
FINANCIAL.
U. S. 7-3O LOAN.

The Secretary of the Treasury gives notice that
subscriptions viii be received for Coupon Treasury
Notes, payable three years from August Is, 1854
with semi annual interest the rate of seven and
three-tenths per cent per annum,-princpal and in.
terest both to be paid in lawful money.
These notes will be convertible at the option ofthe
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
my, one hundred, five hundred, one thousand, and
i've thousand dollars, and all subscriptions must
be for fifty dollars. some multiple of nfty dol.
lars.
The notes will be transmitted to this owners free Of
transportation charges as soon after the receipt Of
the original Certificates of Deposit as they can be
prepared.
As the notes draw interest from August I5 persons
making deposits subsequent to that date must pay
the interest accrued from date of note to date OF de-
posit o
Parties depositing twenty-five thousand dollars
and upwards for these notes at any time will be
allowed commission of one.qnarter of one per
cent. which will be paid by the Treasury Depart.
ment upon the receipt of bill for the amount Ger.
tilted 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.
If is National R4aE aA.s
rate of interest than any other and the best sscri
fy. Any savings bank which pays its depositors in
U. s. Notes. considers that 1t is paying in the best
circulating medium of the country. and It cannot
pay in anything better for its assets are either
In Government securities or in notes or bonds pay
able in Government paper. g
1t is equally convenient as temprary or perma.
nent Investment. The notes can always be sold for
within fraction of their face and accumulated In.
terest and are the best security with banks as coat
erals for discounts.
Convertible into 8 per cent. $40 Gold Bond.
In addition to the very liberal interest ON the
notes for three years, this privilege of conversion
now worth about three per cent per annum for the
current rate for $40 Bonds is ess than nine per
cent premium. and before the war the premium on
six per cent u s. stocks were over twenty per cent
1t viii lie that the actual profit on this loan At
the present m-ket rate less than ten per cent
per apuum.
Its Exemption State or Municipal
Taxation. s
But aside from al the sdyantages we have enum.
Grated. special Act of Congress srempts all bond,
aad treasury notes from local tarafsoa. On the
average, this exemption is worth about two per
cent. per annam. according to taxation in various
parts Of the country.
II is believed that no securities offer so great in.
duoements to lenders those issued by the Govern.
ment In au other forms of indebtedness, the
faith or ability Of private parties stock compan-
'e or separate communities only pied ged for pay.
ment, while the whole property of tho country Is
held TO secure the discharge all the obligations Of
the United States.
While the Government offers the mostiibera terms
or its loans believes that the very strongest ap.
peal will be to the loyalty and patriotism of the pso-
pie. sf
Subscriptions ,cin De recered by the Treasurer Of
the United States. at Washington, the several As.
si'tant Treasurers and designated Deposisaries and
by the
First National Bank Of Portland, Maine.
and By all National Banks which are Depositaries
of public money. and all respectable Banks and
Bankers throughout the country will give further
and afford every facility to subscribe.
Aug 2o-d&w2m