Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-09
o. S. 7-sO LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from Aug. 18th, 1854,
with semiannuaI interest at the rate of seven and
three-teuths per cent. per annum-prinoipsl and
interest both to be paid in lawful money.
These notes VIII be convertible at the option Of
the holder at maturity into six per Oeut. .gOldbear-
ing bonds, payable not lsss than five nor than
twenty years from their date, as the Government
may eleOt They will be issued in denominations of
$780, 800, $500, $1,000 and 5000, and all suhscriP-
tions must be for fifty dollars some multiple of
fifty dollars.
The notes will be transmitted to the owners free
Of transportation charges after the receipt
of the original Certificates of Deposit as they can
be prepared.
As the notes draw interest from August 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 time will be
allowed commission of one-qusrter Of one per
cert, which will be paid by the Treasury Depart
ment upon receipt of bill for the amount certified
to BY the officer with whom the deposit was made.
10 deductions for commissions must be made from
the. deposits
Special Advantages Ofthis Loan
IT is NATIONAL SAVINGS BANK, offering higher
rate of interest than any other, and the best security
Any savings bank which pays its depositorH in o.
s. Notes. considers that it is paying in the hest cir
oulatiug medium of the country, and it cannot psy
in anything better for its asseta are either in
government securities OF in notes or bonds payable
in government paper.
It is equally convenient as temporary or psr-
manent investment. The notes can always be sold
fOrwithin fraction of their face and accumulated
interest, and are the best security with banks as
coIlatersls for discounts.
Convertible into Six per Cent, 5-2O
| Gold Bond.
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 20 Bonds is not less than nine pc,
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 loan,
the present market rate is not less than ten per
cent per annum.
Its Exemption from Stale or MunieI-
| s-.-L pal Taxation. g
But aside from all the advantages we have emu
merated, special Act of Congress erenpts all boad
end Treasury notes from local taxation On the aver.
age, this exemption is worth about two per cent
per annum according to the rate of taxation 10 va
rious parts of the country.
It is believed that no securities offer SO great in
duoemeHts to lenders those issued by the govern
ment In all other forms of indebtedness, the faith
or ability of private parties, or stock companies
separate communities, only, is pledged for pay
menf while the whole property of the country is
held to secure the discharge of all the obligations
| + the United States
While the governments oneis the most Ibera
terms for its losns it believes that the very strong
est appeal will be to the loyalty and patriotism
the people.
| SUBSCRIPTIONS WILL BE RECEIVED by the Treasurer
of the United States, at Washington, the several
Assistant Tressurers and Designated DepOsitsries,
and by the
First National Bank of Cleveland. o..
Second National Rank r.
and all National Banks which are depositaries o.
public money, and
| RESPECTABLE BANKS AND BANKERS
throughout the country will give further informa-
Dion and
AFFORD EVERY FACILITY TosUBsORIBERs
aug22:169