Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-11-09
U { 9-30 / 0 A n!

The Secretary Of the Treasurer gives no
tice that subscriptions will be received for
Coupon Treasury Notes, payable three years
from August 18th, 1864, with semi-anDual
interest at the rate Of seven and three enths
per cent. per annunl--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 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 $1,000 and $1,000, and
all subscriptions must be for fifty dollars or
some multiple of fifty dollars.
The notes will be transmitted To the own
ers free of transportation charges a, soon
after the receipt of the original Certificates
of Deposit as they can be prepared.
As tie notes draw interest from Angus.
15. persons 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
time will be allowed a commission Of one
quarter Of one per cent which will be
paid by the Treasury Department upon the
rece; pt of bill for the amount. certified to
by the officer with whom it was made.-No
deGuctisns for commissions must be made
from the deposits.
SPECIAL ADVANTAGE OF THIS LOAN.
1t is a National Savings Bank, offering
higher rate of interest than any other, and
the best security. Any Savings Bank which
pays its depositoEs il O. S. Notes. considers
that it is paying in the best circulating me-
dunn of the country, and 1t cannot pay In
anything better, for its own asets are either
in government securities or in notes OF bonds
payable IN government paper.
1t Is equally convenient as temporary or
permanent investment. The notes can al
ways be sold for within fraction of their
face and accumulated interest, aud are the
best security with banks as collaterais for
discounts.
CONVERTIBLE INTO SIX PER CENT $50
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
500 Bonds is not less than nine per cent.
premium and before the war the premium
on the six per cent. l.. S. Stocks was over
twenty per cent. 1t will be seen that the
actual profit on this loan. at the presen.
market rate, is not less than ten per cent.
per annum.
It's EXEMPTION FROM STATE OR MUNICIPAL
TAXATIoN.
But aside from all tie advantages ws
have enumerated, special Act of Congress
eremptS oil bonds and Treasury notes from
local taxation. On the average, this exemp-
ton is worth about two per cent. per en-
mum, according to the rate Of taxation in
various part of the country.
1t is believed that no securities offer so great
Inducements to the 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 TO secure the discharge of all the obi
| cations of the United States.
! While the government offers the mos.
! liberal terms for its loans. it believes that
the very strongest appeal will be TO the 10y
! atty and patriotism of the people.
Duplicate certificates will be issued for all
/ deposits. The party depositing must endorse
| upon the original certificate the denomina-
| tion Of notes required, and whether they are
/ to be issued in blank, or payable to order.
| When 81 endorsed it must be left with the
! officer receiving the deposit, 10 be forwarded
| 10 the Treasury Department.
Subscriptions will be received by the
| Treasurer of the United States, at Wash
! i-nton. the several aSsistsnt Treasurers and
! designated Depositaries. and by the