Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-10-26
II. S. 7-3O LOAN.

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| The Secretary of the Treasury gives netice that
subscriptions viii be received for Coupon Treasu
~ Notes. payable in three years from Angus, Is.
1864, with semi-annual interest at the rate of
en- and three tenths per cent. pet snnum-princi-
pal and interest both t. be paid in lawful money
These notes will be oonvertipls st 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, the Govern
ment may elect. They will be issued in dencmi-
nations of 500, 500 $780, 81 900 and SIS COO, and
subscriptions must be for fifty dollars or some
multiple of fifty dollars
The notes viii be transmitted to the owners
free of transportstio charges as 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 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
Department upon receipt for the amount csrti-
fed 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.
1t Is National Savings Bank, Offering high
er rate of interest than any other, and THE BEsr
SECURITY, Any savings bank which pays its de-
positors in U s. Notes considers that it is paving
In the best circulating medium of the country.
and 1t cannot pay in anything better for its own
assets are either government securities or in notes
or bonds payable inlgovernment paper
1t is equally convenient temporary or per-
manent Investment The notes can aIways be
sold for within fraction oF their face and accu.
mulated interest and are the bes. security with
banks as collateras for discount.
Convertible into Six per cent. 5-20
GOLD BoyD.-In addition to the very liberal In
terest on the notes for three years this privilege
of conversion is now worth about three per cent
per annum, for the current rate for $40 Bonds is
not less than NINE PER CENT. PREMIUM, and before
the war the premium on six per cent. U 5. stocks
was over twenty per cent 1t Will be seen thu
the actual profit on this loan, at the present ma
ket rate is not less than ten per cent per annu q,
Its exemption from State and NJ nj
ciPAL T4xAToS.-But aside from all the adv nts-
ges we have enumerated, a special Act of Con-
gress ExEMPTs ALL bonds and Treasury note from
local taxation On the average this exc nption
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 securities otfe so great
inducements to lenders as those issued the gov
ernment. In all other formsof indeb edness, the
faith or ability of private parties or lock compa-
MES or seperate communities, only is pledged !
for payment, while the whole pr perty of the
country is held to the disch lrge of all the
obligations of the United States
While the government 'otfers 8 most liberal
TERMS for its LOANS it believ that the very
strongest appeal will be to the ,yalty and patri
otism of the people.
posits The party depositng must endor Sc upon |
the ORIGINAL certificate the nomination of notes
required, and whether thel are to be issued in
blank payable to order. When SO endorsed il |
must be left With the office receiving the deposit
to be forwarded to the Ire sury Department
Subscriptions will be re eived by the Treasurer
Of the United States. at u ashington the several
Assistant Treasurers and Designated Depositaries
and by the
First NatiGna Bank of Altoona
and by all National P INKS which are depostar'es
)f public money, ar | ALL RESPECTABLE BASKs
AND BANKERS throu heut the country will give
urther informatio and afford every facility to
subscribers. September q, 1864-2Iur