Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1864-08-26
u. S. 7-3O LOAN.

/ The Secretary Of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from Aug. 18th, 1854,
with annual interest at the rate Of seven and
three-tenths per cent. per annum,-principal and
interest both to be paid in lawful money.
These notes will be convertible at the option OF
the holder at maturity into six per cent gold 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
ESQ, slOo $500 81 600 and 5000 and all subscrIp
tons must be for fifty dollars or some multiple Of
ffty dollars.
The notes will be transmitted to the owners free
Of transportation charges soon after the receipt
Of the original Certificates Of Deposit as they can
be prepared
As the notes draw interest from Aug. Is, persons
making deposits subsequent to that date must pay
the interest accrued from date Of note 20 date Of
deposit.
Parties depositing twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed commission Of one-quarter Of one per
cent which will be paid by the Treasury Depart
ment upon the receipt Of bill for the amount cer
titled to by the other officer with whom the deposit
was made. No deductions for commissions must be
made from the deposits.
Special advantages of this Loan.
It It's National Savings Bank, Offering a higher
rate Of interest than any other and the beat ,,eiiy
Any savings bank which pays It's depositors in U. s.
Notes considers that it is paying in the best oreu-
latng medium OF the country, and It CANNOT pay in
anything better FOR its own assets are either In gov
eminent securities in notes or bonds payable in
government paper.
It IS equally convenient a temporary or permH-
nent investment. The notes can always be sold for
within fraction Of their face and accumulated in
terest and the best security with banks a. col
laterals for discounts
Convertible INTO Sir per cent. $50 Gold
Bond
In addition 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 cur
for $50 Bonds is not less than -i-s per cent
Premium and before the war the premium on 81
per cent. L. S. stocks twenty per cent. 1t
will be seen that the actual profit on thi, loan, At
the present market rate is not less than ten per
cent. per annum.
It, Exemption from STATE or Municipal
Tarati0H.
But aside rom all the advantage. we have enum- /
Grated special Act Of Congress exempt. all bonds
and Treasury notes from local taxation. On the |
average, this exemption is worth about two per 1
cent. per annum, according TO the rate Of taxation
in various parts Of the country.
Il Is believed that no securities offer so great in
ducements to lenders those issued by the govern
ment In all other forms Of Indebtedness, the faith
or ability Of private parties, or stock companies, or
separate communities, only s. pledged for payment,
while the 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
Tor its loans, it believes that the very strongest
appeal will be the loyalty and patriotism Of the
people.
Subscriptions will he received by the Treasurer
Of the United States, at Washington, the several
Assistant Treasurers and designated Depositaries,
and by the
First National Bank Of Bennington, Vt.
First National Bank Of North Bennington, VI.
Brandon National Bank Of Brandon, Vt.
First National Bank Of Springfield, Vt
First National Bank Of St. Adams, Vt.
and by all National Banks which are repositories
IF public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further informa-
ton and afford every facility to subscribers.
Aug p. isdaw2m