Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-08-25
FINANCIAL.
TT S. SEvEN-THIRTY LOAN.


The secretary of the Treasury gives notice that
subscriptions win be received for Coupon Treas
ury Notes, payable three years from Aug. 18th,
1864, with semi-annual interest at the rate Of
seven aud three tenths per cent per annum,-
principal and interest both to be- paid in lawful
money.
These notes win 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 IRON their date, as the
Government. may elect. They will be issued in
denominations Of $50, 400, $500, ti.t00 and
IS co., and all subscriptions NUT be for fifty dol
lars or some multiple Of tfty dollars.
The notes will be transmitted to the owners
free of transportation charges as soon after the
receipt Of the original Certificates Of Deposit ~
they can be prepared.
As the notes draw interest from August 18th,
persons making de posts subsequent to that date
must pay the inter, at accrued from date Of note
10 date of deposit.
Parties de- posting twenty Ave thousand dollars
and upwards for these notes at any one time will
be allowed commission of one-quarter of one
per cent, which will be paid by the Treasury De-
psrtment upon the receip. of bill for the amount
certified to by the officer with whom the deposit
Wub uuucs XNo iSN COmmAsaAoLb muDt
be made from the deposits.
SPECIAL ADVANTAGES OF THIS LOAN,
1t is National Savin,s Bank, Offering high
er rate OF interest than any other, and the BEST
SECURITY. ANY Savings Bank which pays its
deposors in U. S. Notes, considers that it ia pay
ing IN the best circulating medium of the coun-
try, and it CANNOT pay in anything better, for
its own assets are either in government securi-
ties 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 accu-
mulated interest, and are the best security with
banks as collaterals for discounts.
CONVERTIBLE INTO A SIX PER CENT.
SEQ GOLD BONE.
In addition to the very liberal interest on the
notes for three years. this privileges Of conversion
! is now worth about three per cent per annum,
| for the current rate for $40 Bonds is not less
than NINE PER CENT PREMIUM, and before
| the war the premium on six per cent U. S. Stocks
| was over twenty per cent. 1t will be seen that
the actual profit on this loau at the present Jar.
| Ike. rate, is not less than ten per cent per an
| num-
ITS EXEMPTION FROM STATE OR NJ M
OPAL TAXATION.
But aside from all the advantages we have Il.
merfted, special Act of Congress Exc S
ALL BONDS and TREASURY NOTES i
LOCAL TAXATION. On III average, thas ex.
emption is worth about two per cent per annum
according to the rate of taxation 10 various part
of the country.
1t is bell we'd that securities offer so grea
inducements to lenders ss those issued by tn
government In sll other forms Of indebtedness
the faith or al lily of private parties, or stool
companifs, or separate Communities, only,
pledged for payment, while the whole propert
ofthe country is held to secure the discharge Q
all the Obligations Of the United States.
While the government offers the most liberia
terms for its loans, it believes that the yer
strongest appeal will be to the loyalty and patri
otism OF the people.
Subscriptions will be received by the Treai
urer of the United States, at Washington, th
several Assistant Treasurers and designated d.
positaries, and By the
NATIONAL BANK OF BRANDON
and by all National Banks which are depositari
of public money, and all
RESPECTABLE BANKS AND BANKER
throughout the country will give further info
nation anu afford
EVERY FACILITY TO SUBSCRIBERS.
aug20d&w2m