Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1864-09-28
u. s. 7-3O LOAN.

subscriptions will be received for Coupon Treas.
ury Notes, payable three years from Aug. 10Th
1864, with semi-annual interest at the rate Of sew.
en- and three-tenths per cent. per annum, -prin.
cipal and interest both to be paid in lawful mon
ey. '
These notes will he 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 be issued in
denominations of $50, 500, $500, 81 900, 5000,
and all subscriptions must be for $50 or some
multiple of fifty dollars.
The notes will be transmitted to the 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 18th.
persons making deposits subsequent to that date
must pay the interest accrued from date of de-
post.
Parties depositing twenty-five thousand dol
lars and upwards for these notes at any one time
will be allowed a commission of one-quarter of
one percent, which will be paid by the Treasury
Department upon the receipt of q bill for the
amount, certified to by the officer with WHO'S the
deposit was made. No deductions for commits.
sions must be made from deposits.
Special adoantages>cf this Loan.
IT IS A NATIONAL SAVINGS BANK, offering q
higher rate Of interest than any other, and the
BEST %sECUhITY. Amy savings bank which pays
its depositor- in u. S. Notes, considers that it is
paying in the best circulating medium Of the
country. and it cannot pay in anything better.
or its own assets are either in government Sc.
%curities or in notes or bonds payable in govern
ment paper.
1t is equally convenient as a temporary or per.
manent Investment. The notes can always be
sold for within a fraction of their face and accu-.
mulated interest, and are the best security with
banks as collaterals for discounts.
Convertible into n Six percent $40 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 $40 Bonds is not less than
MIMI percent PREMIUM. and before the war the
premium on six percent US. Stocks was over
twenty per cent. II will be seen that the actual
profit on this loan, at the present market rate, is
not less than ten per cent per annum.
Its Exemption from state or Municipal Tax
' alton.
But aside from all the advantages we haye emu
merated, a special Act Of Congress ExEMPTs ALL
BONDS AND TREASURY NOTES FROM LOCAL TAX.
ALTON. On the average, this exemption is worth
about two per cent per annum, according to the
rate of taxation in various parts of the country.
1t is believed that no securities offer so great
inducements to lenders as those issued by the
government. In all other forms of Indebtedness,
the faith or ability of private parties, or stock
companies, or separate communities, only is
pledged for payment. while the whole property
Of the country is held tosecnre the discharge of
all the obligations of the United Stares.
While the government offers the most liberal
terms for its loans. it believes that the very
strongest appeal will be to the loyalty and pat
riotism of the people. a'o fat. lt|e a'
Duplicate certificates will be issued for all de-
the ORIGINAL certificate the denomination OF
notes required, and whether they are to be issued
in blank or payable to order. When so endorsed
it must be left with the officer receiving the de.
post, to be forwarded to the Treasury Depart.
ment. .a .a.4ua Ja,u ,afqs IA
Subscriptions will be received by the Treasur
er of the United States at Washington, the sew.
eral Assistant Treasurers and designated Deposit.
aries, and by the First National Bank Of Spring
field. VT, and the First National Bank of st. AL.
bans, VT, and by all National Banks which are
l !.
banks and bankers throughout the country will
give further information ant afford every facility
to subscribers. 3smS