Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1864-11-11

u. S. 7-3O LOAN.

Tho Secretary Of the Treasury gives notice hat
subscriptions will be received for Coupon Treasury
Notes. payable thrse years from Aug 18th, 1884, with
semannual interest ut the rate of seven and three
tcns per cent per anfium principal and interest
both to be paid in lawful money.
The notes will be convertible at the option u The
holder at maturity, into six per cent. gold braring
bonds, payable not less than Eve nor more than
twenty years from their date, as tiie Government
may elect. They win be issued in denominations ct
$50, $780, $780, 81 200 and $4,000 and all subssrip-
tons must be for fifty dollars or some multiple Of
fifty dollars.
The notes viii DO transmitted to The owners free
of transportation sharges soon after the receipt
Of the original Certificates Of Deposit as they can
be prepared!
As the notes draw interest from August IL, per
sons making deposits subsequent to that date must
pay the interest accrued from date Of note to d.te
of deposit
Parties depositing twenty-five thousand dollars
and upwards for these notes at any one tine will be
allowed a commission of one-quarter Of per
cent, which will be paid by the Treasury Depart
ment upon the receipt Of bill for the amount,
tilted to by the officer with whom the deposit was
made. No deductions for commissions must 10
made from the deposits:
SPECIAL ADVANTAGES OF THE LOAN.
IT Is NATIONAL SAVINGS BANK, Offering ,
higher rate of interest than any other, and sae b@e
security. Any savings bank which pays its depost
tors In u S. Notes. considers that it paying in the
best circulating medium Of the country and It can
not pay in anything better for its own assets
either in government securities in nstes koas
payable In government paper.
1t Is equally convenient as q temporary or per.
manent investment. The notes can always be sold
for within fraction Of their face and accumulated
interest," and the best security with banks ~ col
laterials for discounts.
Convertible into six per cent. $40 gold bond.
In addition to the very liberal interest On ths
notes for three yeors this privilege of conversion =
now worth about three per cent per annum, for he
current rate for SEQ Bonds 10 not lees than Sne per
cent. premium and before the war the premium on
six per cent. U. S. stocks twenty per cent.
1t will be that the actual profit this loan, ~
the present market rate less than per cent
per annum.
Its Exemption from State or Municipal
Taxation.
But aside from all the advantages We have ensm-
Grated. special Act of Congress ssempfs ou bonds
and Treasury notes from local taxation. On the
average this exemption is worth about tive per cent.
annum, according to the rate Of taxation in various
parts of the country.
1t is believed that securities offer 50 great n.
ducements to lenders those issued by the govern.
ment In all other forms of indebtedness, the faith
ability of private parties, stock companies,
seperate communities only, is pledged for payment,
while the whole property Of the country is held to
secure the discharge Of all the obligations Of the
United States.
While the government Offers the most liberal
terms for its loans believes that the very strong
est appeal will be to tho loyalty and patriotism Of
the people.
Duplicate certificates will be issued for al deposits
The party depositing must endorse upon the oygts0
certificate the denomination of notes required and
whether they to be issued in blank er payable 10
order When so endorsed it must be left with tie
officer receiving the Deposit to be forwarded 10 the
Treasury Department
SUBSCRIPTIONS WILL BE RECEIVED by the Treas.
of the United States, at Washington. the ser.
eral Assistant Treasursrs and designated Depesitsr,
les, and by the
First National Bank of Augusta, Me.
First National Bank of Bangor, Me.
First National Bank of Bath, Me.
First National Bank of Brunswick Me.
First National Bank of Lewiston, Me.
First National Bank Of Portland, Me.
and by all National Banks which are dspesitasiss
of public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further inforna.
| ton and
AFFORD EVERY FACILITY TO SUBSCRIBERS.
3mOs 30