The Lansing state Republican. [volume] (Lansing, Mich.) 1855-1874, 1864-09-21
FINANCIAL.
TINTED STATES 7-sO LOAN.

The Secretary OF the Treasury gives notice that sub
scrptoas viii be received Tor Coupon Treasury Notes.
payable three years from Aug 18Th 1854, with sent
annual interest Al the OF seven and three tsnths
per cent per Annum,-principAl and interest both &c
De paid in lawful money.
These notes VII be convertible st the option Of the
holder At maturity, into six per cent gold bearing
bonds. payable nc; less than Eve nor more than
twenty years rom their date, As the Government
may elect They viii be issued In denominations Of
$50, $780, $500 81 900 and 8 OoO, and all subscrip
tons must be for any dollars or some multiple cr
af,y dollars
The notes will be transmitted to ths owners frs Of
transportation charges as soon ssr the receipts Of
the original CERTIFICATES OF Dspcst a. they can be
prepared
Az the notes draw interest from Aug is, persons
making deposits subsequent to that date must pay
the aserest sccrusd from date Of note 70 date Of De
posit
Parties dePosting twenty ave thousand dollars and
upwards Tor these notes at any one time ~in be al
lowed commission Of one-QuArtsr Of one per cent
which Will Be paid BY the Treasury Department up
on the receipt o. bill for the amount certified 70
by The ocioer with whom the deposit WAS made No
deductions for commissions must be made from the
deposits.
Special Advantages OF this Loan.
II Is A NATIONAL savIN0s RANK. odsrlng higher
rate Of Interest than any other sad ~ bes ssc4.rly
Any savings bank which PAYS iis depOsit0rs In q :
Notes considers that it is paying IN the best ercula
ting medium Of the country and II eaaaoi pay in any
thing better Tor is own assets are either IN govern.
nsnt securities or notes or bonds payable tn gov
ernmont paper.
Il Is equally convenient a. a temporary or perms
nont Investment The notes can always be sold for
within fraction Of their face and accumulated III
terest and the best security with hanks a. col
laterais Tor discounts
Convertible into 6 per CT. $40 Gold Bond.
In addition TO the very liberal Interest on the
notes Tor three years this privilege Of conversion h
now worth about three per cent per Anaum, FOR the
current rate fors 20 bonds Is no, e.s than nne prc
preniua, and before the war tie premium on six per
cent. { 5. stocks was over twenty per cent Il viii
be that tho actual profit on tins loan, AZ che
present market rate not less than lsn per cent per
annum
It's Exemption from State or Municipal
Taxation.
Bat aside from all the Advantages We have enums-
rated, special Act Of Congress erempts all bonds
aHd Trsary nos,s from local tazafiOH On the aver.
age this exemption Is worth about two per cent. per
annum according TO the rate OF TAXATION IN various
parts Of the country
Il Ii believed that securities Ouer 80 great In.
ducemens To lenders those issued by the govern.
msnt In all other forms Of Indebtedness the faith
OF ability OF private parties or stock companies, or
separate communities only Ia pledged Tor payment,
while the whole property Or the country s held 20
sscure the discharge OF all obligations Of the United
States
While The government Offers the most liberal terms
for its loans Il believe. that the very strongest ap.
peal viii be to the loyalty and patriotism OF tho
people
Duplicate certificates viii be issued for AL deposits.
The parties deposiiing endorse upon the original
certificate the denomination o. notes required and
whether they 10 be issued IN blank or payable 20
order When 80 endorsed II must be len with the
a.. Al.