Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-12-07
U. S. 7-3O LOAN.

~ Nr NV llOIliVs
The Secretary of the Treasury gives notice that
subscriptions Will be received for Coupon Treasu-
ry Notes payable in three years from August ID,
1864. with semi-annual interest at the rate of
en- and three teaths per cent. per annum-princi-
pal and interest both t. be paid in lawful money.
These notes will be convertible at the option of
the holder at maturity. into six per cent. gold
bea ring bonds, payable not less than five more
than twenty years from their date, the Govern
ment may elect. They will be issued in denomi
nations of 500, SI0O, $500, 900 and S5 600, and
subscriptions must be for fifty dollars or some
multiple of fifty dollars.
The notes will be transmitted to the owners
free of transportatio a charges 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 note
to date of deposit.
Parties deposi6ng 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
Department upon a receipt for the amount, certi-
fed to by the officer with whom the deposit was
made from the deposits.
Special advantages of this Loan.
1t National Savings Bank Offering high
rate of interest than any other. and THE BEST
SECURITY, Any savings bank which pays its de-
positors in u S. Notes, considers that it is paying
in the best circulating medium of the country
and it cannot pay in anything better, fer its own
assets either government securities in notes
or bonds payable in. government paper.
1t is equally convenient a temporary or per-
manent investment. The notes can always be
sold for within a fraction of their face and accu-
mulated interest, and the best security with
banks as colaterals for discount
Convertible into Six per cert. 500
GOLD BoSD.-In addition to the very liberal in
terest the notes for three years this privilege
of conversion is now worth about three per cent.
per annuna, for the current rate for j20 Bonds is
not less than NINE PER CENT. PREMIUM and before
the war the premium on six per cent. Z. 5. stocks
was over twenty per cent. 1t viii be seen th9 t
the actual profit on this loan at the present ma
lIet rate is not less than ten per cent per Il,
It's exemption from State and Muni-
cIPAb TAxAroN.-But aside from all the advanta-
ges VIC have enumerated, special Act Of Con-
gress ENENPrs ALL bonds and Treasury notes from
local taxation. On the average, this exemption
is worth about two per cent. per annum, accord
ing to the rate of taxation in various parts of
the country.
1t is believed that ne securities offer so great
inducements to lenders those issued by the gov
ernment In all other forms of indebt edness, the
faith ability of private parties or sock compa
nies, seperate communities, only is pledged
for payment while the whole property of the
country is held to the discharge of all the
obligations of the United States.
While the government offers the most liberal
terms for its Loans it believes that the very
strongest appeal will be to the oyalty aud patri-
otism of the people.
Duplicate certificates will be issued for all de-
pOsits The party depositing must endorse upon
the ORIGINAL certificate the denomination OF notes
equired, and whether they to be issued in
blank or payable TO order. When endorsed it
must be left with the officer receiving the deposit
to be forwarded to the Treasury Department
Subscriptions will be received by the Treasurer
of the United States at " ashngton; the several
Assistant Treasurers and Designated Depositaries,
and by the
First Nationa Bank of Altoona,
and by all National B INKS which are depositaries
of public money, an ALL RESPECTABLE BANKS
AND BANKERS throughout the country will give
further information and afford every facility to
subscribers September 81 1864 -e!m