Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1864-10-07
u. S. 7-3O LOAN.

The Secretary Of the Treasury gives notice that
subscriptions I'll be received for Coupon Treasury
Notes, payable three years from Aug. 18th, 1864,
with semi-annual interest at the rate OF seven and
three-tenths per cent. per snnum,-prineipal and
interest both 20 be paid in lawful money.
These notes will be convertible 1t the option Of
the holder at maturity, into six per cent gold bear
ing bonds, payable not less than five nor more than
twenty years from their date, as the Government
may elect. They will be issued in denominations Of
$50, 500, 500, 81 900 and 5000, and all subscrip
tions must be for Gf.y dollars or some multiple Of
fifty dollars.
The notes will be transmitted to the owners 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 Aug. IS, persons
making deposits subsequent to that date must pay
the interest accrued from date Of note to date Of
deposit.
Parties depositlng twenty-five thousand dollars
and upwards tor these notes at any one time, will be
allowed = commission OF one-quarter Of one per
cent.
Special advantages of this Loan.
1t Z q National Savings Bank, Offering a higher
rate OF interest than any other, and tAs best ss-1r''y.
ANY savings bank which pays IL dePositors II Us.
Notes. considers that 1t is paying in the best elrcu-
Iating medium OF the country, and it cannot pay Ia
ANYTHING better, for its own ss-ets are either in gov
erument securities or il notes Or bonds payable IN
government paper.
It lie equally convenient a. a temporary or Psrms-
- TA..-..s.. 49,, aTvrava ha anHF g.
within a fraction Of their hee and sccammulated in-
tsrss,. and are the best security With bank. As col
IateraIs for discounts.
Conrerh5ie Iafo q SIR per cent. 5-2U God
Bond.
in addition 10 the very LIBERAL interest on the note
Tor three years, this privilege Of conversion Is nov
worth about three per cent. per annum. for the cur
rent nate FOR SD Bonds is not lees than HiHs per eeHi-
srsvt-v. and before the war the premium on Elk
per cent. L. s. stocks was over twenty per cent. It
viii be seen that the actual prO6i on this loan, at
the present market rate, is not less than ten per
cent. per annum.
ht Frsnpaon from STATE or Municipal
TaratiOn.
But aside from al the advantages We have enum-
Grated. a special Act Of Congress exempts al bonds
and Treasury notes from local taxation. On the
average, this exemption is worth shout two Per
cent. per aunum, according 70 the rate Of taHntion
In various parts OF the country.
Il; IS believed that no securities offer 20 great i-
ducements TO lenders as those issued BY the govern
ment. I'm all other forms Of Indebtedness, the faith
or ability % private parties, or stock conpanie-, Or
separate communities, only, il pledged FOR payment,
while the whole property Of the country is held TO
secure the discharge Of all the obligations OF tie
United States.
while the government odersthe most liberal terms
hr is loans, 10 believes that the very strongest
appeal viii De- tie t~oioya,ty AMI patriotism % the
people.
Upt1 the 18th osScptemhef- the subscription o"
III. I'm 100000 q 0r.r