The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1864-08-10

O. S. $50 LOAN.

u D. S-OV VIM
The Secretary of the Treasury gives no
lice that subscriptions will be received for
Coupon Treasury Notes, payable three
years from Aug. 18th, 1864, with semi
annual interest at the rate of seven and
lhree-tenths per cent. per annum,-princi-
pal and interest both 10 be paid in lawful
money.
These notes will be convertible at the
option of the holder al maturity, into six
per cent gold bearing bonds, payable not
less than FIVE nor more than twenty years
from their date, as the Government may
elect. They will be issued in %cenomina.
tons of $50, 500, $500, 1000 and SIS, 600,
and all subscriptions must be for fifty dol
lars or some multiple OF fifty dollars.
The notes will be transmitted 10 tie
owners free of transportation charges as
soon after the receipt of The original Ger
tficates of Deposit as they can be prepared.
As the notes draw interest from August
18th, persons making deposits subsequent
to that date must pay the interest accrued
lEONu udiO vi " ~ a VI NCPOSt'
Parties deposiiing twenty FIVE dollars
and upwards for these notes at any one
time will be allowed a commission Of one
quarter of one per cent, which will be
paid by the Treasury Department upon
the receipt OF a bill for the amount, certl-
fed TO by The officer with whom the de-
post was made. No deductions for COM
missions must be made from the deposits.
Special advantages fthis Loan.
1t is a National Saving Bank, offering a
higher rate OF interest than any other, and
The best security. ANY savings bank which
pays its depositors in U. S. Notes, considers
that it is paying in the best circulating me-
dunn of the country, and it cannot pay in
anything better, for its own assets are eth
er in government securities or in
notes or bonds payable in government
paper.
1t is equally convenient as a temporary
or permanent investment. The notes eau
always be sold for within a fraction of their
face and accumulated interest, and are the
best security with banks as colIalerals for
discounts.
Convertible into a Sic per cent. $50
Gold Bond.
In addition 10 the vary liberal interest on
the notes for three years, This privilege of
conversion is now worth about three per
cent. per annum, for the cnrrent rate for
$40 Bonds is not less than nine per cent.
premium, and before the war the premium
on six per cent. United States Stocks was
over tweHIy per cent. II will be seen that
the actual profit on this loan, al the present
market rate, is not less than ten per cent.
per annum.
It's Exemption from State or Municipal
IdTaftOn.
But aside from all the advantages we
have enumerated, a special act of Congress
local Taxation. On the average, this ex-
emptiou 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 issu-
ed by the government. In all DINER forms
of Indebtedness, the faith or ability Of pri
vaie parties, or stock companies, or sepa-
rate communities, only, IL pledged fol
payment, while The whole properly OF the
country is held 10 secure the discharge o.
all the obligations OF The United States.
While The government offers the mos
liberal terms for its loans, Abelieves tina
the very strongest appeal will be The loyalty
and patriotism OF the people.
Duplicate certificates will be issued TO
all deposits. The party deposi:ing mus
endorse upon the original certificate the
denomination of notes required, and wheib
er they are 10 be issued in blank or paya
BILE 10 order. When so endorsed il mus
be left with the officer receiving the depo
sit, to be forwarded to the Treasury depart
ment.
Subscriptions will be received by th'
Treasurer of the United States, at Washing
ton, The several Assistant Treasurers ant
designated Depositaries, and by the
First National Bank
Of Bloomsbury. Pa.
And all National Banks which are deposi