American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1864-08-17
u. S. z-30 Loan

The Secretary of the Treasury gives notice that sub
scriptons will be received for Coupon Treasury Notes
payable three years from Aug 15th 1864 with seman-
per annumprincipa and interest both to be paid
in lawful money.
These notes will be convertible at tho option of the
holder maturity six per gold bearing bonds
payable less than five than twenty years
from their date, the Government may elect. They
will be issued in denominations of $50 $780, $780, $1,000
and IS oO0 aud all subscriptions be for fifty dollar:
or some multipleo of fifty dollars.
Tho notes will be transmitted to the FREQ of
transportation charges after the receipt of tho
original Certificate of Deposit they be prepared.
As the notes draw interest from August 15, persons
making deposits subsequent that date must pay tho
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
be paid by the Treasury Department upon the receipt of
bill for the amount certified by the officer with whom
the deposit was made. No deductions for commissions
must be made from the deposits.
Special Advantages of This Loan,
In IS NATIONAL SAVINGS BANp, Offering higher rae
Of interest than any other, and He best security Any
savings bank which pays its depositors in u s. Notes.
considers that paying in the best circulating medium
of the country and it pay in anything better for
its own assets either in government securities in
notes bonds payable in government paper.
1t is equally conyenet a temporary permanent
Investment The can always be sold for within
fraction of their f,co and accumulated interest and
the best security with banks coliaterals for discounts.
conys rtibls into a Six per cent, $40 Gold Bond.
addition to the very liberal interest on the notes for
three years this privilege Of conversion Il now worth
about three per cent per annum for the current rate for
500 Bonds is not less than nine per cent premium, aud
before the war the premium in six per cent u s. stocks
was over twenty per cent 1t will be that the ac-
toI ro on this loan at the present market rate is not
less than ten per cent per annum.
IFS Exemption from State or Municipal Ia$asion.
But aside from all the advantages we have enumera-
ted special Act of Congress erempts all bonds and
Treasury notes from laeaE taaation. On the average,
this exemption is worth about per cent per annun
occorng to the rate Of taxation in various parts Of the
country.
Its believed that no securities offer great induce
ents to lenders as those issued BY the government
In all other forms of indebtedness the faith or ability
Of private parties stock companies or separate COM
muDtes ouly, is pledged fsr payment while the whole
property of the country is held to secure the discharge
of all the obligations Of the United States
While tho government offers the most liberal terms
for It's loans it believes that the very strongest appeal
will be the loyalty and patriotism Of the people.
Duplicate certificates will be issued for all deposits
The party depositing must endorse upon the original
certificate. the denomination Of notes required, and
whether they be issued in blank or payable to Or
de-. When SO endorsed it must be left with the officer
receiving tho deposit be forwarded to the Treasury
Department.
SUBSCRIPTIONS WILL DE RECEIVED by tho Troasuror
the United satos ut Washington, tho several Assistant
Treasurers and designated Depostaries, and by the
First National Bank of
Allegheny City, Pa. First Second, and Third National
Banks Of pittsburgh, Pm, and by all National Banks
which are depositarlcs Of public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country wilt give further information and
AFFORD EVERY FACILITY TO SUBSCRIBERS