The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-09-15
FINANCIAL.
U. S. 7-3O LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes payable three years from August 15, 1854
with semi annual interest al the rate OF and
three-tentha per cent per rannup,-prncipal and in
terest both to be paid in lawful money.
These notes will be conyertible at the option ofhe
holder at maturity, into six per cent geld bearing
bonds, payable not less than i've nor more thar
twenty years from their date. as the Government
may elect. They will be issued in denominations OF
fifty, one hundred, FIVE hundred, one thousand, and
five thousand dollars. and all subscriptions must
be for fifty dollars, some multiple of nifty dol.
lars
The notes win be transmitted to tbs owners free OF
transportation charges as soon after the receipt OF
the original Certificates OF Deposit as they can be
prepared.
As the notes draw interest from August I5, persons
making deposits subsequent to that date must pay
the interest accrued from date Of note to date OF de-
posit.
Parties depositing twenty five thousand dollars
and upwards for these notes at any time viii be
allowed commission of one-qnarter of one per
cent, which viii be paid by the Treasury Depart
ment upon the receipt of bill for the amount,
tiled 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.
Hisa National sarings Bank, offering higher
rate OF interest than other and the best sscHr
fg. Any savings bank which paysits depostors in
u g. Notes. considers that tits paying in the best
circulating medium of The country, and it caanot
pay in anything better. It's oxn assets are either
In Government securities or in notes or bonds pay.
able in Government paper
1t is equally convenient tsmprary or perma. |
nent investment. The notes can always be sold for
within fraction Of their face and accumulated in.
terest and the best security with banks as cciat
erals for discounts.
Convertible into 6 per cent. $50 Gold Bond. /
In addition to the very liberal interest on the
notes FOR three years, this privilege conversion
now worth about three per cent per annum. for the
current rate for $50 Bonds is not ess than mine per
cent premium, and before the war the premium on /
1t will be seen that the actual profit This loan
the present mket rate is not less than ten per cent
per annum.
Its Exemption from State or Municipal
Taxation.
But aside from all the advantages we have enuIa.
Grated. special Act of Congress erempts all 1onds
and treasury notes from local tarafioa. ON the
average, this exemption is worth about two per
cent. per annum, according to taxation in various
parts Of the country.
1t is believed that no securities offer so great in.
duceents to lenders as those issued by the Govern.
ment. In all other forms of indebtedness. tie /
faith or ability o. private parties stock compan.
res, separate communities only is pied sed pay.
mont while the whole property of the country
the United States.
whilethe Government offers the mostliberal terms
or its loans ii believes that the very strongest ap.
peal win be to the loyalty and patriotism OF the peO
pie.
Subscriptions tcn be received by the Treasurer of
The United States, st Washington, the several AS.
sistant Treasurers and designated Deposi,aries and
by the
First National Bank OF Portland, Maine,
and b. an National Banks which are Depodtaries
Of public money, and all respectable Banks and
Bankers throughout the country viii give further
and afford every facility to subscribe
Aug 2-d&w2m