Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-02
Q. S. 7-sO LOAN.

The Secretary Of the Treasury gives notice thai
subscriptions will be received for Coupon Trsasur,
zvUses, P4yaOyO tHreS years IRON Aug 18th, 1884
with semi annual interest at the rate OF seven and
thrse-tenths per cent. per annum---prineiPal and
interest both to be paid IN lawful money
These notes Will be convertible at the option Of
the holder at maturity into six per cent gold bear
Ing bonds, payable not less than i've nor more than
twenty years from their date, as the Government
may elect. They viii be issued in denominations Of
$50 800, $500, $1,000 and s6,OOO and sl suhscrip-
tiOns must be for fty dollars or some multiple OF
fifty dollars
The notes win he transmitted to the owners free
of transportation charges as soon after the receipt
of the original Certificates of Deposit as they car
be prepared. .-is
As the notes draw interest from August Is, per,
sons making deposits subsequent to that date must
pay the interest accrued rom date of note to date
of deposit. -r--..
Parties depOsiting twenty-five thousand dollars
and upwards for these notes at any one time will be
allowed commission of Ons-quarter of one per
cent, which viii be paid By the Treasury Depart.
msnt upon receipt offs bill for the amount, certified
to by the officer with whom the deposit was made
No deductions for commissions must be made from
the deposits.
Special Advantages fthis Loan
II TIsA NATIONAL SAVINGS BANK, Offering higher
rate Interest than any other, and as Ss,t security
Any savings bank which pays its depOsitOrs in ..
s. Notes. considers that it is plyng in the hest cir
oulatius medium of the country, and it cannot pay
in anything better for Its own assets are either in
government securities or in notes or bonds payable
in government paper
1t is equally convenient as temporary or per-
manent investment. Tbs notes can always be sold
for within fraction of their face and accumulated
interest, and are the best security with banks as
oOllaterAls for discounts. -s. EFI
Convertible into six per Cent. $40
Gold Bond.
In addition to the very liberal interest on the
notes for three year. this r-i-i.ss vOuvsrE0u Is
now worth about three per cent per amman, for the
current rate for 20 BOnds is not Isss tn an ni. ,
osat- PrsmiE~; and before the war the premium or
siT per cent. O. g. stocks was over twenty per cont
It VIII be seen that the autuaI prOa. on this loan
at ths present market rate is not less than ten Der
cent. Per annum.
Its Exemption nrOm State or Muniof.
-gs pal Taxation.
But aside from all the advantages we have enn
nsrated special Act of Congress sss,apts all bonds
and Treasury notes from local ta1utioa On the aver
age, this exemption is worth about two per cent.
per annum according to the rate Of taxation In va
riOus parts of the country. no -a
1t is believed that no securities offer 30 great in
duOemsnts to lenders as those issued by the govern
meut. In all other forms of Indebtedness the faith
or ability Of private parties or stock companies,
separate communities, only, is pledged for pay
meuf, while the whole property of the country is
held to secure the discharge of all the Obligations
of the United States. .-st5t
While the gOvernment offers the most lfbera
terms for its lOanS IT believes that the very strong
est appeal viii be to the loyalty and patriotism Of
the people. ---.
SUBSCRIPTIONS VIII HR EzoEIvEp BY ths Tressuref
of the United States, at Washington, the several
Assistant Treasurer' and Designated DepOsitarios,
and by the r- r- !
FIRST National Bank of Cleveland. O..
second National Rank :. "a
and all National Banks which are dspOsitaries OF
public money, and n-
RESPECTABLE BANKS AND BANKERS
Throughout the country WIN give further intOrs.
ion and -V e-
AFFORD EVERY FACULTY TosUBscRIsERs.
aug22Ie9