The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1864-11-09
s. $50 Loan.

The Secretary of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aug.
10Th, 1854, with semi-annual interest al the
rate of seven and three-tenths per cent. per
annum,-principal and interest both to be
paid in lawful money.
These notes will be convertibleiat the option
of the ho'dc al maturity, into six per C mt.
gold bearing BINDS, payable not less than five
nor more the n twenty years from heir date.
as the Gover ament may elect the will be
issued in denominations of 81 s!Gc, $500
81 900 ard 81, 900, and ais nl IL; ii smust
be for fifty dollars Or scme MIL of fifty
dollars.
The netes will be transmitted to the owners
free of transportat.o on charges as soon after
the receipt of the ori inal Certificates as they
can be prepared.
As the notes draw interest rom August Is
persons making deposits subsequent to that
date must pay tie interest accrued from date
of note to date of deposit.
Parties depositing twenty-five thoueand dol
lars and upwards for these notes at any time
will be allowed o commission of one-quarter
of one per cent, which will be paid by the
Treasury Department upon the receipt of a
bill for the pmount, certified to by the officer
with whom the deposit was made No deduc
tions for commissions must be n ade from the
deposits.
SPECIAL ADVANTAGES OF THIS.
LOAN.
IT IS A NATIONAL SAVING BANK, offering a
higher rate of interest than any other, and
the best security. Any saving bank which pays
its depositors in U. s. Notes, c~onsder that it
is paving in the best circulating medium of
Tst y, and it ea"not pay in anythir G
better, for1ts own assets are either in governs
ment securities or in notes or bonds payable
in government paper. .
1t as equally convenient as a temporary or
perman emit investment. The notes can always
be sold for within a fraction of theiL face and
accumulated interest, and are the best security
with banks as collaterals for discounts.
Convertible into a Six per cent. $40
GJld Bond
In addition to the very liberal interest on
the notes for three years, this privilege of con
version is now worth about three per cent. per
annuml, for the current rate for 5 20 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 loan, at tic
present market rate, is not less than ten pc.
cent. per annum.
Exemption from State or MUM
cipal Taxation.
But aside from all the advantages we have
enumerated, a special Act of Congress e1emps
all bonds and treasury notes from focal taxation
On the average, this exemption is worth about
TWO per cent. per annuni, according to the rate
of taxation in various parts of the country.
1t is believed that no securities offer so grea
induce L tents TO lenders as those issued by the
government In all other forms of indebted
ness, the faith or ability of priaate parties, os
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
States.
e the government offers the most liber
for its loans. it believes that the var
est appeal will be to the loyalty and pa
riotism 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 are to be
issuld in blank or payable to order. When
so endorsed it must be left with the officer re-
eeiving the deposit, to be forwarded to the
Ire sury Department.
SUBSCRIPTIONS WILL BE RECEIVED by the
Treasurer of the United States, at Washing
ton, the several Assistant Treasurers and des-
Ignate1 Depositaries, and by the
FIRST NATIONAL BANK OF
ASHLAND OHIO
and by all National Banks which are deposita
ries of public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further in
formation and
AFFORD EVERY FACILITY TO sUBSCRI
BERS.
august 17th,-n11tf.