Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-10-06
U. $3.50 Loan

The Secretary Of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes. payable three years from Aug. 18th. 1864.
with semi annual intercstat the rateof seIcn and
thrce'tenths per cent pOr annum--pfineipa and in
terest both to be paid in lawful money.
These notes will bo convertible at the option Of
the holder At maturity into six per cent gold bear
ing bonds, payable not less than five moro than
twenty years from thor date, as the Government
may elect. They will be issued in denominations Of
$50, 800, $500, 81 900 and % O00 and all mbscIp
tionS must bo for fifty dollars or some multiple Of
| fifty dollars. -, arm e. ---.,.---- ---
Tho notes will be transmitted to the owners free OF
transportation charges after the receipt Of
the original Certificates Of Deposit ns they can be
| prepared.
As the notos draw interest from August 15 persons
making deposits subsequent to that date must pay
the interest accrued from date Of note to date Of de-
posit.
Parties depositng twenty five thousand dollars
and upwards for these notes at any time will be
allowed commission Of quarter Of per cent.
| SPECIAL ADVANTAGES Of THIS LOAN.
TITS NATIONAL SAVINGS BANK. offering high
rate Of interest than any other, and the 6et secari-
~. Any savings bank which pays its depositors in
U s. Notes. considers that it is paying in tho best
circulating medium Of tho country, and it cannot
pay in anything better, for its assets either
in government securities in notes or bonds paya
BILE In government paper. yea uEc HeIffr4
II is equally convenient MS temporary permA-
mont investment Tho notes always be sold for
within fraction Of their face and accumulated in
terest and are the best security with banks col
laterals for discounts. atu.s
Convertible into Six per cent $40 Gold Bond
In addition to tho very liberal interest on tho
notes for three years. this privilege Of conversion is
now worth about three per cent. per annum for tho
current rate for $50 Bonds is not loss than nine per
cent 1'rsapiunr, and before tho war the premium
six per cent u. S. stocks over twenty per cent.
II will bo that the actual profit this loan ut
the present market rate is not Less than ton per
cent. per annum. slgrD % -a~aF ai-ut rf
Its Exemption from State or Municipal Taxa
.s3ria rsql. ton. saa',. ttr.t
But aside from all the advantages wo have cnumcr-
atod, special Act Of Congress erempts all bonds
and Treasury notes from local tdsdtion. On tho
average this exemption is worth about two per cent.
per annum, according to the rate Of taxation in va
rous parts Of the country.
It is believed that no securities offer SO great in
ment. In all other forms Of Indebtedness, the faith
or ability Of private parties, stock companies, or
separate communities, only is pledged for payment,
while tho 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 loans, it believes that tho very strongest ap
peal will bo to the loyalty and patriotism Of tho peo
pie.
Up to the cath of September. the subscriptions to
this loan amounted to over .t
$4O,OOO,OOO.
, SUBSCRIPTIONS WILL, De RECEIVED by the Treas
of the United States, at Washington, the sew
eral Assistant Treasurcrs and Designated Deposit
aries, and by the
FIRST NATIONAL BANK OF COLUMBUS, OHIO,
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further informa-
AFFORD EVERY FACILITY TO SUBSCRIBERS
on,,l-O On,dGxv