Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1864-11-02
Il. s, 7-30 LOAN.

he Secretary Of the Treasury gives notice that
subscriptions Will be received for Coupon Treasu-
~ Notes. payable in three years from August Is,
1864 with semi annual interest at the rate of sew
en- and three tenths per cent. per annum-princi-
pal and interest both he paid in Lawful oney.
These notes viii be convertipls at the option of
the holder at maturity, into six per cent. gold
bearing bonds, payable not less than five nor more
than twenty year: from their date, as the Govern
ment may elect They will be issued in denomi-
nations of 500, S10O, $500. LOCO and $1,000, and
subscriptions must be for fifty dollars or some
multiple of fifty dollars.
The notes win be transmitted to the owners
free of transportatio charges soon after the
receipt of the original certificates OF deposit las
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 depositing twenty five thousand dollars
and upwards for these notes at any time will
be allowed commission of one-quarter of one
per cent which will be paid by the Treasury
Department upon receipt for the amount certi-
fed to by the officer with whom the deposit was
made. No deduct tions for commissions must be
made from the deposits
Special advantages of this Loan.
1t National Savings Bank Offering high
er rate of interest than any other. and TnE BEsr
SECURITY. Any savings bank which pays its de-
positors in L. S Notes, considers that it is paying
in the best circulating medium of tho country.
and it cannot pay in anything better, for its
assets are either government securities in notes
or bonds payable inigovernment paper.
1t is equally convenient as a temporary per-
| manent investment. The notes always be
sold for within fraction of their face and
mulated interest and the best security with
banks as coll&terals for discount.
Convertible into Six per cent. 5-20
| GOLD BosD--In addition to the very liberal In
terest the notes for three years, this privilege
of conversion is worth about three per cent
per apnum, for the current rate for 500 Bonds ia
not less than NINE PER CENT. PREMIUM, and before
| the war the premium six per cent. U S stock.
was over twenty per cent 1t will be seen thi /
the actual profit on this loan, at the present
kst rate is not less than per cent. per u,
| Its exemption from State and Nh nj
! ctpAr TAxATTox.- aside from al the adv nta-
| gcs VIC have enumerated, a special Act of Con-
! grcss ExEMpTS ALL bonds and Treasury note from
local taxation. On the average, this exc option
is worth abont two per cent. per annum .lcoord-
ing to the rate Of taxation in various parts of
the country.
Ii is believed that no securities offe $50 great
inducementst to lenders hose issued ythe gov
ernment. n all other forms of indeb edness, the
faith or ability of privatep parties, tock compa
mics. seperate communities, only is pledged
for payment while the whole pr perty of the
country is held secure the disch lrge of all the
obligations of the United States
While the government offers most liberal
strongest appeal will be to the ,yalty and patri
otism of the people.
Duplicate certificates will issaed for all de-
posits. The party epositing must endorse upon
the ORIGINAL certificate the nomination OF notes
required, and whether theg are to be issued in
blanF 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 will be re :eved by the Treasurer
of the United States at ashington; the several
Assistant Treasurers and Designated DepositaIes
and by the
First Nationa Bank of Altoona,
and By all National INKS which are depositares
of public money. ar | ALL RESPECTABLE BANks
AND BANKERS throu hout the country will give
further informatio and afford every facility te
subscribers. September 81 I86i-2!m