The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-09-02
I, s. l-3Q LQAN.

U. y. l JU lUAW.I
The Secretary Of tho Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years IRON Aug
18th, 1864, with semi annual interest at the rate
OF seven aud three .ionths per cent per annum-
principal aud interest both to be paid In lawful
money.
These notes will be convertible, o, .he option
Of the holder at maturity, into six per cent. gold
bearing bonds. payable not less than five nor
move than twenty years from their dste, as the
Government may elect. They will be issued in
ma ions OF so dollars. 100 dollars, 500 dol.
lars. 1000 dollars. and 5000 dollars, and all
subscriptions must be for fifty dollars or some
multiple Of fifty dollars.
These notes will be transmitted TO the owners
free oi transportation charges as soon after III
receip, Of the original Certificates Of Deposl, 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 from the date Of
note to date Of deposit
Parties depositirg twenty five thousand do l.
lnrs and upwards for these notes at any one time
will be allowed commission Of ono quarter Of
one per cent, which will DO paid by the Treas.
ury Department upon the roceip; OF q bill for The
amount, certified to by the officer with whom
the depost was made. No deductions tor com.
missions must be made from the deposits
Special Advantages Of this LOAN.
lT IsA NATIONAL SAVINGS B,sK offering high.
N iutare 4 N ~. l.
enr'fy. Any savings bank which pays i,s dcpos.
iiors In u $. Notes considers that it is paying
In the best Circulating medium in tho country,
and II cannot pay in anything better, for its own
assets are either in governmt Mt securities or in
notes or bonds payable in Government paper.
ltis equally convenient ms a temporary or
permanc cnt investment Tho notes can always
be sold for within fraction Of their face aud nc.
cumulated interest. and are the best security
with banks Us colluterals for discount
Convertible Into a 6 per c. $40 Gold Bond.
In addition to the very liberal interest on the
notes for three years, this privilege Of eouver.
sion is now W orth about 3 per cent. per annum,
for the current rate for 500 Bonds is not less
than nine per cent. preminm, and before the war
twenty per cent. II will be seen that the actual
profit on this loan, at the present market rate,
is no, less than ten per cent per annum.
Its Exemption from State or Munich.
pal Taxation. .-.Rut aside from all the ad.
vantages we have enumerated, u specia, Act
OF Congress erempts all b,ads aad TreasuryRotes
from local hration. On hhe average, this ex.
emption is worth about two per cent per an.
mum, according to the rate OF taxation in vari.
Gus parts Of tue country. HEt. .t -. - b
itis believed that no securities offer SO grea,
Inducements to .endors astlfose issued by the
Government In all other forms of indebted.
ness the faith or ability Of private parties or
stock companies, or separate communities. only.
is pledged for payment, while the whole pr operty
ofthe country is held TO secure the discharge o
u the obligations of the United States. .I.
While the Government offers the most liberal |
terms for its loans, It believes that the, very
strongest appeals will be to the loyalty and pat.
rotismof the people. r.. " 30 .'"
Duplicate certificates will be issued for all de.
posi,s The party depos,ing must endorse upon
the origina, certificate the denomination OF notes
required, and whether they are to be issued in
blank or pay able to order. When so endorsed,
1t 0,st be left with ,he otficer receiving the de-
posi., TO be forwarded to the Treasury Depart.
mont. .,.. .......... ...,., ,..,0
SUBSCRIPTIONS WILL De RECEIVED by the Treas.
u'er Of the Unted States. at Washington, the
several Assistant 1'reassrers and designated
Dsposiaries. nnd by the
FIRST AND SECOND NATIONAL BANKS
of Cleveland, Ohio, and by all National Banks
which are deposits ries of public money, and
ALL RESPECTABLE BANKS s BANKERS
throughput the country will give further infor-
ma ,ion and
Afford Every Facility to oSubscribers.
.... 16l,ytf