Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-08-27
q. S. 7-sO LOAN.

The Secretary Of the Treasury gives notice that
subscriptions viii be received for Coupon Treasury
Notes, payable three Years from Aug 18th, 1894,
with semi annual interest at ths rate Of seven and
three-tSDths per cent. per aauum-principal and
interest both to be paid in lawful money.
These notes VIII be eOnyertihls at the option Of
the holder at maturity into six per cent goldbsar.
ing bonds, payable not less than Eve nor more than
twenty years from their date, as the Governments
may elect. They viii bsissued in denominations Of
$50, 800. $500, $4,000 and 5000 and 81. suhscrp-
iions must be for frsy dollars or some multiple Of
fifty dollars.
The notes viii he transmitted to the owners free
oftransPOrtaton charges as soon amer tho rsee,Dt
Of the original Certificates Of Deposit as they can
be prepared.
As the notes draw interest from Auzu,, Il n.,.
sons making deposits subsequent to that date mus,
pay the interest accrued from date Of note to Dat.
ofdepOsit.
Parties doPositing twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed commission Of one-quarter Of one per
c00t-' which will be paid by the Treasury Depart
ment upon receipt Of bill for the amount certified
to by the officer with whom the deposit was made.
No deductions for Commissions must be made 6on
the deposits
Special Advantages Ofthis Loan
II Is EATIOsAL sAvrSGs BANK, Offering higher
rate OfinteFsst than any other and de bet .sruriy
any savings bank which pays its dspositor. in II
5 Notes, considers that it Is paying in the hest cir
'ulatiug medium Of the country, and it eaaaOt pay
in A1yiAias better for its own assets are either in
government securities or in notes or bonds payable
in government paper.
1t is equally convenient as a temporary or per-
manent Investment. The notes can always be sold
for within fraction Of their face and accumulated
interest, ana are rho pest security with hanks .s
cOllaterais for discounts
Convertible Into six Der Cent. 5.aO
Gold bond.
In addition to the very liberal interest on the
notes for three years. privilege Of conversion is
now worth about three per cent. per annum, for the
current rate for % Bonds Is not less than iss Der
cent preaiun,i and bsfors the war the premium, on
six per cent u $. stocks was over twenty per cent
1t viii be seen that the actual proht on this loan,
at the present market ruto is not less than ten per
cent per snnnm.
ITS Exemption from State or Muniei.
pal Taxation.
But aside from ali the advantages we have enu
merated special Act of Congress szsupis al boad,
aad Treasury aots, from local tIrafio4 On the aver
age, this exemption is worth about two per cent.
per anuum, according to the rate of taxation in Va
rioHs parts Of the country
1t is believed that securities Ouer 80 great IA.
dueements to lenders as those issued by the govern
ment In altOther forms Of OfIndeBtodnoss, the faith
or ability ofPrivate parties, or stock companies,
separate communities, only, is pledged for pay
ment while the whole property of the country is
held to secure the discharge of all the obligations
Of the United states,
While the government offers the most liberal
terms for its Oans it believes that the very strong
est appeal viii be to the loyalty and patriotism Of
the people.
1 ---'' NJ RECzIvED BY the Treasurer
Of the United States, at Washington, the ssyssas
Assistant Treasurers and Designated Depositaries,
and by the
First National Bank Of Cleveland, O.,
second National Bank
and all National Banks which are depOsitsriss Of
public money, and
RESPECTABLE BANKS AND BANKERS
tthrOughOus the country VIII give further infors>
I on and
AFFORD EVERY FACILITY TO osUBsCRIBERs.
aug22169