Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1864-09-23
U. S. 7-3O LOAN .


The Secretary of the Treasury gives notics
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aus.
18th, 1854, with semi-annuaI interest, aftte
rate of seven and threc-tenihs per cent. per an
num--princlpal and interest botho 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
Government may elect. They VIII be issued In
denominations of $50, 500, $500, $1,000 and
$1,000. 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 ofthe original Certificates of Deposi. al
they can be prepared.
As the notes draw interest fron August I5th,.
persons making deposits subsequent to that
date must pay the interest accrued from date Of
note to date Of deposit.
Parties dcpositng twenty i've thousand dol
lars and upwards for these notes at any ons
time, will be allowed commission Of one
quarter of one per cent, which will be paid by
the treasury department upon the receipt Of a
bill for the amount. certified to by the officer
with whom the deposit was made No dedue-
tons for commissions must be made from tho
deposits.
Special Adrantages Of this Loan.
II is A NATIONAL SAVINGS BANK, Offering
higher rate of interest than any other, and tho
BEST security. Any savings bank which pays
its depositors in U. s. Notes. considers that tits
paying in the best circulating medium of the
country, and 1t CANNOT pay in anything better,
for its own essets are either in Government Sc
ourties or in notes and bonds payable in Coy
9rnment paper. a aazcI
1t is equally convenient as temporary or
investment. The notes can always
De sold for within fraction Of their face and
accumulated interest, and are the best security
with banes as collaterals for discounts.
Convertible into a SIR per cent. $40 Gold Bond.
In addition to the very liberal interest on tho
notes for three years, this privilege of CONVEX
ion is now worth about three per cent. per an
um, for the current rate of 500 Bonds is not
ess than nine per cent. premium, and before
he war the premium on six per cent. U. S.
tocks was over 20 per cent. Ii will be seen
hat the actual profit on this loan, TT the present
market rate, Is not less than ten per cent. per
mum.
IS Exemption from state or municipal Taratioa.
But aside from all the advantages we have
a ssecial act of Congress ezeplpts
j Bonds and treasury notes from local taxa
ion. On the average, this exemption is worth
bout two per cent. per annum, according to
he rate Of taxation in various parts Of the
ountry.
1t is believed that no securities offer so great
iducements to lenders as those issued by the
overnment In all other forms of indebted
ock companies, or separate communities only,
pledged for payment, while the whole pro-
crty of the country is held to secure the dis
barge of all the obligations Of the United
tates.
While the government offers the most liberal
rms for its loans. it believes that the very
rongest appeal will be to the loyalty and pat
otism of the people,
Duplicate certificates viii be issued for all de-
osts. The party deposting must endorse up
] the original certificate the denomination of
otes required, and whether they are to be is
led in blank or payable to order When SO
ldorsed it must be left with the officer receiy-
G the deposit, to be forwarded to the Treas
y Department.
will be received by the Treas
er Of the United States, at Washington, the
veral Assistant Treasurers and designated De-
sitaries and by the
First National Bank of Bennington, VT,
First National Blk of North Bennington, W.,
Brandon National Bank of Brandon, VT,
FIRST National Bank of Springfield, VT,
First National Bank of St. Adams, Vt,
d by all National Banks which arc deposita-
s of public money, and
u Respectable Banks and Bankers
roughout tho country will give further In
'mation, and
ford erery Facility 10 Subscribers.
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