Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-10-21
U. s. 100 LOAN .

The Secretary of the Treasury gives notioS
that subscriptions WIN be received for Coupon
Treasury Notes, payable three years from Aug.
18th, 1854, with semi-annual interest, at the
rate of sevenand three-tenshs per cent. per an.
num--princIpal and interest botho to be paid n
lawful money a#
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 tho
Government may elect. They win be issued 10
denominations of $50, 500, $500, $1,000 and
$1,000 and all subscriptions must be for any
dollars, or some multiple Of fifty dollars.
The notes will be transmitted to the owners
free of transportation charges as soon after the
receipt ofthe original Certificates of Deposit az
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 deposltng twenty-five thousand dol
lars and upwards for these notes at any one
time, will be allowed q commission of one
quarter of one per cent, which will bepaId
the treasury department upon the receipt Of
bill for the amount. certified TO by the officer
with whom the deposit was made No deduo-
tons for commissions must be made from the,
deposits.
Special -4dvantages Of this Loan. :
1t IsA NATIONAL SAVINGS BANK, offerings
higher rate of interest than any other, and tho
BEST security. Any savings bank which pays
its depositors In e. s. Notes, considers that It Is
paying In the best circulating medium of the
country, and 1t CANNOT pay in anything better,
for its own essets are either IN Government se-
curities or in notes and bonds payable In Gov
eminent paper.
1t Is equally convenient as a temporary or
permanent investment The notes can always
be sold for within a fraction Of their face and
accumulated interest, and are the best security
with banes as collaterals for discounts.
Convertible into a Sir per cent. $50 Gold Bond.
In addition to the very liberal interest on the
notes for three years, this privilege of CONVEX
sion is now worth about three per cent. per an
nun, for the current rate of 500 Bonds is not
less than nine per cent. premium, and before
the war the premium on six per cent U. s.
stocks was over 90 per cent. It will be seen
that the actual profit on this loan, TT the present
market rate Is not less than ten per cent. per
annum.
Its Exemption from state or municipal TaSatioa.
But aside from all the advantages we have
ssecial act of Congress erempfs
all Bonds and treasury notes from local taxa
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 indebted
ness, the faith or ability of private parties, or
tock companies, or separate communities only,
pledged for payment while the whole pro-
'erty of the country is held to secure the dis
,harge of all the obligations of the United
States.
While the government offers the most liberal
erms for its loans. it believes that the very
trongest appeal will be to the loyalty and pat
iotism of the people.
Duplicate certificates will be issued for all de-
osits. The party depositing must endorse up
n the original certificate the denomination of
otes required, and whether they are 10 be is
ued in blank or payable to order. When so
ndorsed 1t must be left with the officer receiy.
ng the deposit, to be forwarded to the Treas
ny Department. ase. aHt aE
SUBSCRIPTIONS viii be received by the Treas-
rer of the United States, at Washington, the
,veral Assistant Treasurers and designated De-
ositaries, and by the
First National Bank of Bennington, VT,
First National Blk of North Bennington, VT,
Brandon National Bank Of Brandon, VT,
FIRST National Bank of Springfield, VT,
First National Bank of st. Adams, VT,
nd by all National Banks which are deposita.
es ofpublic money, and
III Respectable Banks and Bankers
lroughout the country will give further in.
'rmation. and
iford erery Facility to Subscribers.