Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-10-10
o. S. 7-sO LOAN.

The Secretary Of the Treasury gives notice that
subscriptions will be rscsived for oOtpOn Treasury
Notes, payable three years from Aug 18th, 1854,
with semi-annus interest at the rate Of seven and
thrse-tenths per cent. per annum-principsI and
interest both to be paid in IAwfnl money. tEl=
These notes VIII be convertible at the option Of
the holder at maturity into six per cent godbear-
ing bOnds, payable not less than i've nor more than
twenty years from their date, as the Go7srnmsnt
may elect. They will be issued in denominations of
s6O 800, $500, 600 and s5 900, and s suhscrip-
tiODs must be for aty dollars or some multiple of
fifty dOIlars
The notes Will he transmitted to theovners free
of transportation charges as soon after the receipt
of the original Certificates of Deposit as they can
be prepared.
As the notes draw interest from August Is, per-
sons making deposits subsequent to that date must
pay the interest accrued from date of note to date
of deposit.
Parties eepOsiting twenty-five Thousand dollars
and upwards for these notes at any one time viii be
allowed commission of One-quarter of one per
oeNt.
Special Advantages OF this Loan
ITHA NATIONAL sNvIEss BANK, Offering higher
rate Ofinterest than any other and he bss secsiy.
Any savings bank which pays its depositOrs in O.
s. Notes. considers that it is paying in the hest cir
culatiug medium of the country, and 1t oasHOt pay
in anything better for its own assets are either in
government securities or in notes or bonds paysbs
in government paper.
1t Is equally convenient Is q temporary or per-
mansnt Investment. The notes can always be sold
for within fraction of their face and accumulated
interest, and are the best security with banks ~
oOllaterSIs for discounts.
Convertible into Six Per Cent, 6s2(
Gold Bond.
In addition to the very liberal interest on th.
notes for three years. this privilege of conversion
now worth about thres per cent. per snnum, for th
current rate for $50 Bonds is not less than nine pc
cent prssi''uu; and before the war the premium OF
six per cent. Q. g. stocks wGs over twenty per cent
It will be seen that the actual profit on this loan
st the present market rate Is not less than ten pc
cent. per annum.
It's Exemption Erem State or MunIci
pal Taxation.
But aside from all the advantages We have snu
msrated, special Act of Congress ersApa. all bOad
ana Treasury aOies from local TAXATION On the aver
age, this exemption Is worth shout two per oeni
per annum, according to the rate Of taxation In Vs
riOus parts of the country.
1t is believed that no securities Oer 50 great IL
dzoemsnts to lenders those issued by the govern
msnt. In all other forms of indebtedness the falt
ability of private parties, or stock companies
] separate communities, only, is pledged for pal
. meDt, while the whole property of the country
held TO secure the discharge Of all the obligation
ol tho United states
, While the government oilers the most nbsri
rsrs for IT. loans It beIissssthsa tho Tery stronl
est appeal win 10 to the loyalty aua patriotism
! the people
Up to the 2ith Of September, tha subscriptions
this loan amounted to over .1-