Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-08
q. S. 7-SO LOAN.

Tbs Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from Aug. 18th, 1884
with semi-annuaI interest at the nate Of seven and
thrse-tsrths per cent. per principal and
interest both to be paid in lawful money.
These notes VIII be convertible at the option Of
the holder at maturity into six per cent gOidbear-
ing bonds, payable not less than i've nor more than
twenty years from their date, as the Government
may elect. They will be issued in denominations oil
$50 s1OO, $500. 600 and 5000, and all suhseriP-
tions must be for fifty dollars or some multiple oil
fifty dollars.
The notes will be transmitted to the owners free |
of transportation charges soon after the receipt
of tbs original Certificates of Deposit as they can
be prepared
As the notes draw interest from August l6' per-
sons 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 one time will be
allowed a commission of one-quArter Of one per
cent. which will be paid by the Treasury Depart
meut 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 from
: the deposits.
! Special Advantages of this Loan
T ms NATIONAL SAVINGS BAsk, Offering higher
rate of interest than any other and Ls bsst security
Auy savings bank which pays it's depositors in O.
Notes. considers that it is paying in the hest cir
cuIatiug medium of the country, and it eu1HOi pay
6t in anything better for its assets are either in
government securities or in notes bonds payable
in government paper.
1t is equally convenient a temporary or per
manent investment. The notes can always be sol
90 for within fraction of their face and accumulate
a interest, and are the best security with banks
u coIIaterals for discounts
W Convertible into Six per Cent, S-2
. Gold Bond.
ls} In addition to the very liberal interest on Il
d. notes for three years. this privilege Of conversion
x now worth about three per cent per anuum, for I'll
ne current rate for Bonds is not less than iHs P
40 cent preai,,u; aud before the war the premium
a six per cent 0. s. stocks over twenty per cen
ese 1t will be seeshat the actual profit on this lOa
AZ at the present market rate ia not lsss than ten
rg- cent per annum.
ing lis exemption from State OF Munie
20 81 pal Taxation.
nd But aside from all the advantages we have en-
as merated, special Act of Congress sseHp' all boz
To- and Treasury notes from local taxation. On the ~
bia t age, this exemption is worth about two per Gel
ne per annu, according to the rate of taxation in
and rious parts of the country.
1t is believed that no securities offer 50 great
no ducements to lenders as those issued by the gove
to ment In all other forms of indebtedness, the ia
n. or ability Ofprivate parties, stock companies
led, separate communities, only, is pledged for p
Dr. rneni while the whole property of the country
held to secure the discharge Of all the ObIigati
e. fthe United States.
lder While the government offers the most lib
terms for its oans it believes that the very strO
ant est appeal will be to the loyalty and patriotism
pies the people.
ach- SUBSCRIPTIONS WILL BE REoEIvED By the TTeasI
. Of the United States, at Washington, the sew
har Assistant Treasurers and Designated Deposital
:. l and by the
n ! - -.,.,n ,s O,.vaIaDd
that FArSt N~'AO'A''A M - VI
we're Second National Bank
. ts s1l nj ,,bt.b ara denos,tari,
ened anu Hii ~ -'''i'-'
have public money, and
oetor RESPECTABLE BANKS AND BANKERi
Ihe Throughout the country will give further niOl
the Dion and
cunt AFFORD EVERY FACILITY TO sUBsORTBI
baeI | oo.,oo