The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1864-09-09
U. S. 7-3O LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from August 18th, 1864
with semi-annual interest at the rate of seven and
three tenths per cent. per annum,-principal 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
bearing bonds, payable not less than five nor more
than twenty years from their date, as the Govern
ment may elect. They will be issued in denomi.
nations of $50, $780, $500, $1,000 and S., OOO and
all subscriptions must be for fifty 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 fromAugust Is, per-
sons making deposits subsequent to that date must
pay the interest accrued from date of note to date
of deposit.
Parties depositing twenty-five thousand dollars
and upwards for these notes at any one time will
be allowed a commission of one-quarter of one per
cent, which will be paid by the Treasury Depart
ment upon the receipt of 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 of this Loan.
IT rs A NATIONAL SAVINGS BANK, Offering higher
rate of interest than any other. and the best sec,-
rity. Any savings bank which pays it's depositors
in o. S. Notes, considers that it Is paying in the
best circulating medium in 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. The notes can always be sold
for within fraction of their face and accumulated
interest, and are the best security with banks as
collaterals for discounts
Convertible into a Six Per Cent.
$40 Gold Bond.
In addition to the very liberal lnteres. on the
notes for three years. this privilege of conversion
is now worth about three per cent per annum,
for the current rate for 500 Bonds is not less than
nine per cent. prerntuma, and before the war
the premium on six per cent o. s. stocks was over
twenty per cent. 1t will be seen that the actual
profit on this loan, at the present market rate, is
not less than ten per cent. per annum
Its Exemption from State or Mu-
niCipal Taxation.
But aside from all the advantages we have EMU
merated, special Act of Congress ezempts all
bonds and Treasury notes from local taxation. On
the average, this exemption is worth about two
per cent. per annum according to the rate of tax
alton in various parts of the country
1t is believed that no securities offer so great
inducements to lenders as those issued BY the oov-
eminent. In all other forms of Indebtedness the
faith or ability of private parties or stock comma.
Mes only, is pledged for payment while the whole
property of the country Is held to secure the dis
charge of all the obligations of the United States.
While the government offers the most liberal
terms for its loans, it believes that the yerv STRONG.
est appeal will be to the loyalty and patriotism of
the people.
SUBSCRIPTIONS WILL BIZ RkoxrvED by the Treasure,
of the United States at Washington, the several
Assistant Treasurers and designated Depositaries
and by the
First National Bank Of st. PauI.
And by all National Banks which are depostaries
Of public money, and
ALL RESPECTABLE BANKS AND BANKERS
Throughout the country win give further informs-
ton, end afford
EVERY FACILITY TO SUBSCRIBERS.
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