Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-10-12
T. S. 7-3O LOAN.

The Secretary of the Treasury gives notice tn at
subscriptions will be received for Coupon Treasu-
ry Notes payable in three years from August ID,
1854 with semi-annual interest al the of sew
and three-te tenths per cent per sunum-princi-
pal and interest both t, be paid in lawful money.
These notes will be convertibs at the option of
the holder at maturity. into six per cent. gold
bea ring bonds, payable not less than FIVE nor more
than twenty years from their date, the Govern
ment may eject. They will be issued in denomi
nations of 500, SlO0. $500 $1,000 and So zoe, and
| subscriptions must be for fifty dollars or some
multiple of fifty dollars.
The notes will be transmitted to the owners
free Of transportstio charges soon after the
receipt of the original certificates OF deposit
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 deposting 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 s receipt for the amount. certi-
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.
Itls National Savings Bank Offering high
| er rate of interest than any other. and TIE BEST
SECURITY, ANY savings bank which pays its de-
positors in T. S Notes considers that it is paving
in the best circulating medium of the country
and it cannot pay IN anything better, for its own
assets either government securities or in notes
or bonds payable in.government paper.
1t is equally convenient a temporary CT per-
manent investment. The notes can always be
sold for within a fraction of their face and accu-
mulated interest, and are the best security with
banks as collateraIs for discount.
Convertible into Six per cent. 5-20
GOLD BoND.-In addition to the very liberal in
terest the notes for three years, this privilege
of conversion is now worth about three per cent.
per annum, for the current rate for 30 Bonds is
not less than NINE PER CENT PREMIUM, and before
the war the premium on six per cont L :. stocks
twenty per cent. 1t viii be seen tn: /
the actual profit on this loan, at the present ma
ket rate, is not less than ten per cent per annu IL
Its exemption from State and NJ III
crPAL TAxATIoN.-But aside from all the adv nta-
ges We have enumerated special Act of Con-
gress EXEMPTs ALL bonds and Treasury note from
local taxation. On the average, this option
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 offe so great
inducements to lenders as those issued the gov
ernment. In all other forms of indeh edness, the
faith ability of private parties, or lock compa-
nies, or seperate communities, only is pledged
for payment while the whole pr perty of the
country is held to the disch Irge of all the
obligations of the United States
While the government offers most liberal
terms for its Loans, it beiev that the very
strongest appeal will be to the ,yalty and patri-
otism of the people.
Duplicate certificates viii issued for all d e
posits. The party depositing must endorse upon
the ORIGINAL certificate the nomination of notes
required, and whether theV to be Issued in
blanE or payable to order. When so endorsed it
must be left with the office receiving the deposit,
TO be forwarded to the Ire sury Department
Subscriptions win be ;eived by the Treasurer
of the United States. at ashington; the several
Assistant Treasurers aRJ Designated Deposiaries,
and by the
| First Nationa Bank of Altoona,
and by all NationalP nks which are depostaries
| of public money, ar | ALL RESPECTABLE RANEs
AND BANKERS throu hont the country will give
| further informatio and afford every facility to
suhscribers SeDtemher 2I 1854 24ni