Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1864-08-31
u. s. 7-3O LOAN,

U. ). I-oU LUAN.
The Secretary. of the Treasury gives notice that
subscriptions will be received for Coupon Treas
ury Notes, payable three years from Aug. 18th
1864 with semiannual interest at the rate Of sew
en- and three-tenths per cent per annum,--prin.
cipal and interest both to be paid in lawful mon.
ey.
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
Government may elect. They will be issued in
denominations of $50, 500, $500, 81 900, So 600,
and all subscriptions must be for $50 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 August 18th,
persons making deposits subsequent to that date
must pay the interest accrued from date of de-
posit
Parties depositing twenty-five thousand dol.
lars and upwards for these notes at any one time
will be allowed a commission of one-quarter of
one percent, which will be paid by the Treasury
Department upon the receipt of bill for the
amount, certified to by the officer with whom the
deposit was made. No deductions for commits
sions must be made from deposits
Special advantages Of this Loan.
IT IS A NATIokAL SAVINGS BANK, Offering
higher rate of interest than any other, and the
REST SECURITY. Any savings bank which pays
its depositora in u s. Notes, considers that it is
paying in the best circulating medium of the
country, and it cannot pay in anything better,
or its own assets are either In government Sc
curites or in notes or bonds payable in govern
ment paper.
| 1t is equally convenient as a temporary or per.
manent investment. The notes can always be
sold for within fraction of their face and accu-
mulated interest, and are the best security with
banks as colaterals for discounts
| In addition to the very liberal interest on the
notes for three years. this privilege of conversion
is now worth about three per cent per annum for
the current rate for $40 Bonds is not less than
NINE percent PREMIUM, and before the war the
premium ON six percent U s. Stocks was over
twenty per cent. 1t will be seen that the actual
profit on this loan, at the present market rate, lis
not less than ten per cent per annum.
Its Exemption from state or Municipal Tax
alton.
| But aside from all the advantages we have emu
| merated, a special Act of Congress ExEMPTs ALL
BONDS AND TREASURY NOTES FROM LOCAL TAX
| ALTON. On the average, this exemption is worth
about two per cent per annum. according to the
rate of taxation in various parts of the country
| 1t is believed that no securities offer so great
inducements to lenders as those Issued by the
government. In all other forms of Indebtedness,
the faith or ability Of private parties, or stock
| companies, or separate 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 Stares.
| While the government offers the most liberal
terms for its loans, it believes that the very
riotism of the people.
Duplicate certificates will be issued for all de-
posits. The party depositing must endorse upon
the ORIGINAL certificate the denomination Of
notes required and whether they are to be issued
in blank or payable to order. When so endorsed
it must be left with the officer receiving the de-
post, to be forwarded to the Treasury Depart
ment.
Subscriptions will be received by the Treasur-
err Of the United States at Washington, the sew
era Assistant Treasurers and designated Deposit
aries, and by the First National Bank Of Spring
field, VT, and the First National Bank of st. AL
bans, VT, and by all National Banks which are
depostaries of public money, and all respectable
banks and bankers throughout the country will
TO subscribers. 3Sm3