The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-09-10
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 l5, 1864,
with semi annual interest at the rate OF seven and
three-tenths per cent per annum,-prncipal and in.
terest both 10 be paid in lawful money.
These notes will be convertible at the option ofthe
holder at maturity, into six per cent gold bearing
bonds, payable not less than i've nor more than
twenty years from their date. rs the Government
may elect. They will be issued in denominations OF
fifty, one hundred i've hundred, one thousand, and
Eve thousand dollars. and all subscriptions must
be for afty dollars, or some multiple of fifty dol.
lars.
The notes win be transmitted to tbs owners free Of
transportation charges after the receipt Of
the original Certiseates of Deposit as they can be
prepared.
As the notes draw interest from August l5 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
allowed a 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, Ger.
tilted 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.
His National Savings Baak, Offering higher
rate Of interest than any other and the best secur
ty. Amy savings bank which pays its depositors in
u S. Notes. considers that it is paying in the best
circulating medium of the country, and it cannot
pay in anything better for its assets either
in Government securities in notes or bonds pay.
able in Government paper
1t equally convenient as temprary or perma-
nent investment. The notes always be sold for
within fraction of their face and accumulated in
teres and are the best security with banks collat
erals for discounts.
Convertible into 6 per cent. $40 Gold Bond.
In addition to the very liberal interest on the
notes three years. this privilege OF conversion is
worth about three per cent. per annum, for the
current rate for $40 Bonds s not than mine per
cent prenli,ns, and before the war the premium on
six per cent. u s. stocks twenty per cent.
1t will be seen that the sctua profit this loan, at
the present market rate is less than ten per cent
per annum.
It's Exemption from State or Municipal
Taxation.
But aside from all the advantages we have enum.
Grated. special Act of Congress erempts all bonds
and treasury notes from local taratioa. On the
average, this exemption is worth about two pei
cent. per annqm, according to taxation in various
parts Of the country.
1t is believed that no securities offer great in.
ducements to lenders as those issued by the Govern
ment In all other forms of Indebtedness, thu
faith or ability Of private parties, or stock compan
ies or separate communities only. is pledged forpay
ment, while the whole property of the country i
held to secure the discharge of all the Obligations
the United States.
whileths Government offers the mostliberalterm
its loans it believes that the very strongest ap
peal VIII be to the loyalty and patriotism ofthe pee
pie.
Subscriptions iciH De receired by the Treasurer o
the United States, at Washing gton, the several Al
sistant Treasurers and designated Depositaries, an
;. by the
First National Bank of Portland, Maine
and By all National Banks which are Depositaris
of public money. and all respectable Banks an
Bankers throughout the country will give furth,
information, and afford every facility to subscribe
Aug 2o-d&w2m