Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-10-26
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u. q | tU u U II u
! The Secretary OF the Treasurer gives no.
tice that sub, cripti0ns will be received for
Coupon Treasury Notes. PAYABLE three wears
{ from August 18th, 1864, with semi uaI
( interest a. the rate Of seven and three scuths
per cent. per annun--pnncipal and ;uteres.
! both to be paid in lawful money.
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 he issued IN denominations
of $50, 500, $500 81 .09e and S.. 600. and
all subscriptions must be for Fifty dollars OF
some multiple Cf fifty dollars
The notes will be transmitted 70 the own.
ers free of transportation charges as socn
after the receipt Of the original Certificates
of Deposit as they can be prepared.
As tie notes draw interest from August
| 10, persons making deposits subsequent to
! that date must pay the interest accrued from
date of note TO date Of deposit.
Parties depositing twenty-five thousand
dollars and upwards for these notes at any
time will be allowed commission of one
quarter Of one per cent which will be
paid by the Treasury Department upon the
receipt of a bill for the amount. certified TO
u
deductisns for commissions must be made
from the deposits.
SPECIAL ADVANTAGE OF THIS LOAN.
1t is a National Savings Bank, Offering
higher rate Of Interest than any other, and
the best security. Any Savings Bank which
pays its deposItors il {. S. Notes, considers
that 1t l. paying IN the best circulating me-
| dlum OF the country, and it cannot nav ia
anything better, for its own asets are either
! IN government securities or in notes u bonds
payable in government paper.
1t Is equally convenient AS a temporary or
permanent investment. The notes can ell
! ways be sold for within a fraction of their
face and accumulated interest, aud are the.
best security with banks as colIatera.s 70,
| iiscruuts
CONVERTIBLE INTO SIX PER cENT $50
GUILD BOND.
In addition TO the very literal interest OF
th3 notes for three YEARS, this privilege of
conversion Is now worth about three peF
cent. per aunum, for the current rate for
$40 Bonds Is not less than nine Der cent,
premium and before the war the preIDivrn
or the six per cent. l.. S. Stocks was over
twenty per cent. It will be seen that the
actual profit Un this loan. at the present
market rate, is not less than ten per cent.
per auuun.
ITS EAEAPIlOS FROM STATE OR MUNICIPAL
TAXATION
But aside from all the advantages we
have enumerated, special Act of Congress
erentptS all 6039ac and Treasury notes frog.
local taratjoR. On the average. this exernr-
tion is worth about two per cent per an-
mum, according to the rate Of taxation ia
various part Of the country.
It's believed that 40 securities offer so great
inducements to the lenders as those issued
by the government Ia all other forms Of
Indebtedness. the faith or ability Of private
parties, OF stock companies, or separate
communities, only, is pledged for pay rnert,
while the whole property of the country is
held to secure the discharge Of all the obi
cations Of the United States.
While the government offers the most
liberal terms for It's loans. ii believes thst
the very strongest appeal will he TO the Iov.
atty and patriotism of the people.
Duplicate certificates will be issued for all
deposits The party depositing must endorse
upon the original certificate lie denopina-
tIon ii notes required, and whether thew a.e
T. he issued in blank, or payable TO order.
When So endorsed il must be left with the
officer receiving the deposit, TO be forwarded
10 the Treasury Department
Subscriptions viii lie received by the
Treasurer of the United St-tes. at Wash
ignt"n. the several aSsista Mt Treasurers AID
designated Depositaries, and by the