Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-10-13
FINANCIAL.
T S. sEvEN-THIRTY LOAN.


The Secretary of the Treasury gives notise that
subscriptions viii be received for Coupon Treas
ury Notes, payable three years from Aug. 18TH,
1864, with semi-annual interest at the rate Of
seven and three tenths per cent pei 5 aam,-
principal and interest both to be pals "a lawful
money.
These notes WILDE convertible at d avn Ion Of
the holder at maturity, into six per slt gold
bearing bonds, payable not less tn = i've, nor
more than twenty years from their q ~ tbs
Government may elect. They viii asd in
denomnationsl of $50, slC0, $500, aud
So co., and II subscriptions must be ..Aly dol
lars or some multiple OF fifty dollars.
The notes will be transmitted 20 the owners
free Of transport alton charges IS after, the
receipt Of the original Certificates OF peposit as
they can he prepared.
As the notes draw interest from August 18th,
persons making deposits subsequent to that date
must pay the interest accrued nom date Of note
10 date OF deposit.
Parties depositing twenty-five thousand dollars
ana upwards for these notes at any one TINS will
be allowed commission OF ono-quaxser Of ous
per cent. s.sts
SPECIAL ADVANTAGES OF THIS LOAN.
1t is a National Savings Bank, offering high
er rate of interest than any other, ana the BEST
SECURITY. ANY Savings Bank which pays its
depositors in U. s. Notes, considers that it ispay-
ing in the best circulating medium Of the esun-
try, and it CANNOT pay in anything better. for
its own assets are either il government seeuri-
ties or in notes or bonds payable in govecAaAent
paper. s&fs
1t is equally convenient a. temporary Qz.per-
manent investment. The notes can always be
sold for within fraction Of their face an8Atcu-
mulsted interest, and are the best seourity1WitA
banks as oollaterals for discounts.
CONVERTIBLE INTO A SIX PER -akNT.
800 GOLD BONE. !.
In addition to the very liberal interest apthe
notes for three years, this privilege Of eoayson
is now worth about three per cent pes AMMAN,
for the current rate for $40 Bonds is not less
than NINE PER CENT PREMIUM, and bS{ors
the war the premium on six per cent U. 3. Sucks
| was over twenty per cent 1t will be seeIegh
the actual profit on this lean, at the preseut mar
ket rate, is not less than ten per cent peSsn
| num- ~
IT'S EXEMPTION FROM STATE OR 8 I'll.
CIPAL TAXATION. osssgN
But aside from all the advantages We hassARu-
| merated, special Act of Congress ExEHPTS
| ALL BONDS and TREASURY NOTES From
LOCAL TAXATION. On the average. thsoex-
emption is worth about two per cent pes sal1am.
according to the rate oftaxation'in pasious ssrta
| of the country. !.
1t is believed that no fsecurities offer 20 Eeas
| inducements to lenders those ssuea ~ the
government. In all other forms OF debsednkss,
the faith or ability of private parties, sr stook
companies, or separate communities, only, Il
pledged for payment, while the whole property
OF the country is held to secure the discharge Of
all the obligations of the United States q
While the government offers the most HhNrai
terms for its loans, it believes that the very
strongest appeal will be to the loyalty and pasri-
otism of the people.
Up to the Path of September, the suhscriptisnl
TO this loan amounted TO over ~,
$40, 100000. -
Subscriptions will be received by the TSeas,
urer of the United States, at Washington = tn,
several Assistant Treasurers and designa,elk De
J positaries, and by the :.
NATIONAL BANKS OF BRANDON
, ALL RESPECTABLE BANKS AND BANK
| EhS
throughout the country will give further ikfor
nation and afford sau
5 EVERY FACILITY TO SUBSCRIBERS,
aug20d&w2m ~