Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-09-08
=. S. 7-3O Loan.

u. y. s-0U Loan.
The Secretary of the Treasury gives notice
that subscriptions will be received for Cou,
pom Treasury Notes, payable three years from
Aug. 18th, 1864, with semi-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 controycrtible at the
option of the holder at maturity, into six PEI
cent. gold bearing bonds, payable not less
than fvo or more than twenty years from
their da, S the Government may elect
They will e issued in denominations of $50,
500, $500, $1,000 and $1,000, and all sub
scriptions must be for fifty dollars or some
multiple of fifty dollars
The notes will be transmitted to the owners
free of transportation charges as soon after
the receipt of the original certificates of de-
posit as they can be prepared. As the notes
draw interest from August IS, persons making
deposits subsequent to that date must pay the
interest accrued from date Of note to date OF
deposit Parties depositing twenty-five thou
sand dollars and upwards for these notes at
any one time will be allowed a commission Of
one-qEarter of one per cent. which will be paid
By the Treasury Department upon the receipt
of bill for the amount, certified to by the off
Ger with whom the deposit was made. N
deductions for commissions must be made
from the deposits
Special Advantages Of this Loan.
IT'S A NATIONAL SAVINGS BANK, offering a
higher rate of interest than any other, and
tie best security. Any savings bank which
pays its depositors in U. S. Notes, considers
that it is paying in the best circulating medi
um of the country and it cannot pay in any
thing better, for its own assets are either in
government securities or in notes or bonds
PAYABLE in government paper.
1t is equally convenient as a temporary Or
permanent investment. The notes can al
WAYS be sold for within a fraction of their
face and accumulated interest, and are the
best security with banks as collaterals for dis
counts.
Convertible into a Six per cent. $40
Gold Bond.
In addition to the very liberal interest on
the notes for three years, this privilege for
conversion is now worth about three per cent.
per annum, for the current rate for $50
Bonds is not less than nine per- cent premium,
and before the war the premium on six per
cent. I. S. stocks was over twenty per cent.
It will be seen that the actual profit on this
loan, at the present market rate, is not less
than ten per cent. per annum.
Its Exemption f, om State or Municipa
Taxation.
But aside from all the advantages we have
enumerated, a special Act Of Congress ere11apts
ol bonds and Treasury notes from local tara-
ton. On the average, this exemption is worth
about two Per cent. per annum, according to
the rate Of taxation in various parts Of the
country.
1t is believed that no securities offer so
great Inducements to lenders as those Issued
by the government. In all other forms of in
debtedness, the faith or ability of private
parties, or stock companies, Or separate com
munities, only, is 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 libe-
raj terms for its loans, it believes that the
very strongest appeal will be to the loyalty
and patriotism of the people.
Duplicate certificates will be issued for all
deposits. The party depositing must endorse
upon the original certificate the denomina-
ton of notes required, and whether they are
to be issued in blank or payable to ORDER
When so endorsed it must be left with the
officer receiving the deposit, to be forwarded
to the Treasury Department.
Subscriptions viii be received by the Treas
urer of the United States, at Washington, the
several Assistant Treasurers and designated
Depositaries, and by the
First National Bank of Janesville, Wis.
First National Bank of Milwaukee, Wis.
First National Bank Of Madison, Wis.
First National Bank of Monroe, Wis
and by all National Banks which are deposi-