Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-10-21
U. s. 7-SO Loan

The Secretary Of the Treasury gives notice that
subscriptions will bo received for Coupon Treasury
Notes, payable three years from Aug. 18th. 1884.
with semi interest at the rate Of seven and
three tenths per cent. per annum-principa 81 in
tsrest both to bo paid in lawful money.
These notes will be convertible at tho option Of
the holder at maturity into six per cent geld 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
S5O $780, $780, 81 900 and $5 oo0 and nll subscrip-
tions must be for fifty dollars some multiple OF
fifty dollars. .,.., -.
The notes will be transmitted to the ownersfee Of
transportation charges as soon after the receipt of
the original Certificates of Deposit as the. orn be
prepared.
As the notes draw interest from August is persons
making deposits subsequent to that date ust pay
the interest accrued from date Of note to date Ct de-
posit.
Parties depositing twenty-five thousand 'llan
and upwards for these notes at any one time viii be
allowed commission Of ono-quarter Of one or cent
SPECIAL ADVANTAGES OF THIS LOAN.
TITS A NATIONAL SAVINGS BANK. oferine ahigh-
er rate Of interest than any other. and hsoes secuS
~. Any savings bank which pays its depo itors IN
U. s. Notes. considers that it is paying in the best
circulating medium Of the country, and 1t cdnaof
pay in anything better for its own assets are either
in government securities or in notes or bontsIaya-
BILE in government paper
II is equally convenient as temporary or perma-
nent Investment. The notes can always be sold Tor
within fraction of their face and accumulated IN
terest and are the best security with bank a. COL
laterals for discounts.
Convertible into a Six per cent $40 Gold Bond.
In addition to the very 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 $50 Bonds is not less than inc per
cent premium, and before the war the premium on
six per cent. U. s. stocks twenty per cent.
1t will be seen that the actual profit on this loan, h
the present market rate, is not less than ten per
cent. per annum.
Its Exemption from State or Municipal Taxa
ton.
But aside from all the advantages we havee umer-
ated a special Act Of Congress erenpts dH6cnds
and Treasury notes from local tdeation On the
average this exemption is worth about two Per cent.
per annum according TO tho rate Of taxation In va
rious parts Of the country.
II is believed that no securities offer g, cal In
ducements to lenders those issued by the overn-
ment In all other forms of indebtedness the faith
or ability of private parties, or stock e'. or
separate communities only is pledged for pa vment
while the whole property of the country is heljto
secure the discharge Of all the obligations Of the
United States.
While the government offers the most libcra to. ms
for its osns it believes that the very strongest ap-
peal will be to the loyalty and patriotism Of Il ereO-
ple
Up to the oath Of September the subscripi on TO
this loan amounted to over
$AO,OOO,OOO.
SUBSCRIPTIONS WILL BE RECEIVED by the Treas
urer of the United States, at Washington, the sew
eral Assistant Treasurers and Designated Deposit
aries, and by the
FIRST NATIONAL BANK OF COLUMBUS. OHIO,
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further norms-
tion and
AFFORD EVERY FACILITY TO SUBSCRIBER
sepl-2md&w