The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-10-11
. 9al.'lfeF ;. FINANCIAL. .
U. S. 7-30 LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from August IT, 1884
with semi annual interest at the rate OF seven and
three-tenths per cent per annum,-princpal and in.
terest both to be paid in lawful money a
These notes viii be convertible at the option ofthe
holder at maturity, into six per cent gold bearing
bonds, payable not less than ave nor more than
twenty years from their date, as the Government
may elect. They viii be issued in denominations Of
nifty, one hundred, five hundred one thousand, and
nve thousand dollars, and all subscriptions must
DC Tor fifty dollars, or some multiple Of fifty dol.
iars. $3.50 n
The notes will be transmitted to the owners free Of
transportation charges soon sfter the receipt Of
the original Certificates of Deposit as they can be
prepared. saa ei.- ss@a,s sss
AS the notes draw intsrestfrom August is, persons
making deposits subsequent to that date must pay
the interest accrued from date ofnote date Of de-
posit. 4 ff uragift} a-.} e5e4
Parties depositing twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed a commission OF one-qnarter Of one per
cent. a81H 9a saht HH5aas sFs7a
Special Advantages Of this Loan.
1t Is National Savings Bank, offering higher
rate of interest than any other and the best secnrS
ty. Any savings bank which pays its depositors In
u s. Notes, considers that it 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 bonds pay.
able in Government paper. 3ea
1t is equally convenient temprary or perma.
nent investment. The notes can always be sold for
within fraction of their face and accumulated in.
terest and the best security with banks collat
erals for discounts.
Convertible into a 8 per cent. $40 Gold Bond.
In addition to the very liberal interest on the
notes 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 nine per
cant premium, and before the war the premium on
six per cent u s. stocks were over twenty per cent
1t viii be that the actual profit on this loan, at
the present market rate is than per cent
per aDnum. saFg Is sf15s.s-s,ls5 - ,a5.4i-.fs..fs-
Its Exemption from State or Municipal
Taxation. A9N h-0 2 4
But aside from all the advantages we have enum.
Grated. special Act of Congress erempts all bonds
and treasury notes from local ta1atiom. On the
average, this exemption is worth about two per
cent. rer annum, according to taxation In various
parts of the country. p1a 9naGg Il
1t is believed that no securities offer so great in
dncements to lenders those issued by the Govern.
ment. In all other forms of Indebtedness, the
faith ability of private parties stock compa1.
es separate communities only, is pledged forpay.
ment, while the whole property of the country lie |
held to the discharge of all the obligations OF
the United States. EW gdi .,185sA .4S
While the Government offers the mostliberalterms
for it's loans it believes that the very strongest ap
peal Will be to the loyalty and patriotism ofthe peo.
pie. 3'ieA .tA .as asa 1893 /
up to the Oath of September, the subscriptions to
this loan amounted to over shA Ia4a9 /