Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-10-22
o. S. 7-sO LOAN.


The Secretary Of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three ysaFs from Aug. 18th, ls64,
With sslliAnaal interest Al the rate Of seven snd
thrso-tenths Per cont. per annum-princiPsl sud
interest both to be paid in lawful money.
These notes Will be convertible at the option of
the holder at maturity into six per cent gold-bsar
ing bonds, payable not less than i've nor more than
twenty years from their date, as the Government
may elect. They will b5 Issued il denominations OF
$50, sloO, $500, 81 OOO and s5OOO and all suhscriP
tions must bo for hity dollars or come multiple Of
ATTY dollArs
The notes viii no transmitted to the owners free
Of Transportation charges as soon after the receipt
Of the original Oortiheates of Deposit as they can
be prepared.
As the notes draw interest from August Is. per-
sons making deposit- subsequent to that date must
pay the Interest accrued from date of note date
Of depozit.
Parties dspOsiting twenty -hvo Thousand dollars
and upwards Tor these notes at any one time will be
allowed commission Of One-quArter of one per
OsNt.
special Advantages OTthis Loan
lis NATIONAL sAvEss BANK, offering higher
rate Of interest than any other, and tie OO'f security
ANY savings bank which pays its depostOrs in 0.
5. NOtea considers that it is plying in the hest cir
Oulsriug medium Of the country, and ii oan4Os pay
in anything better for its own assets either in
government securities or in notes bonds payable
in government paper.
1t Is equally eonvenient sS temporary or per
mHnent investment. The netes can slways be sold
for within fraction of their face and accumulated
interest, and are the best security with banks as
ooliGterals for discounts.
Convertible into Six per Cent, sac
Gold Bond.
In addition TO the v6ry liberal interest on the
notes for three years. this privilege of conversion "a
worth about three per cent. per sDuum, for the
current rate fer $50 Bonds Is not less than is psy
osst. premium; and before The war the premium Oh
siI per cent. u s. stocks was over twenty per cent
- WI - 1ooh tutse oSfuhi PAoAk loAAf
the present market rate is not less than ten per
cent. per annum.
Its exemption from state or Mumoi.
pal Taxation.
BUT aside from all the advantages We have snu-
merated, special Act of Congress exempt, al bond
and TTeasV notes IRON, local tasatioH. On the aver
age, this exemption is worth about two per cent
per annum according to tine rate Of taxation in va
rious parts Of the country.
1t Is believed that no securities oher SO great in
dsoaments lsnders those issued by the govern
nent In all other forms Of indebtedness, the faith
OF sbiiity Of private parties, stock companies,
sspara4s communities, only, is pledged foT pay
ment, while the whole property of the country IL
held to secure the discharge of all the obligations
o the United States.
While the government offers the most liberal |
terms for its lOaDs it believes that the very strong
5st appeal will be to the loyalty and patriotism OF
lhs people.
Up to the 9th Of September, Inc subsorip lions to
this loan amounted to over