The Portland daily press., 1864-09-19

FINANCIAL.
U. S. 7-30 LOAN.

The Secretary of the Treasury gives notice that
subscriptions win be received for Coupon Treasury
Notes. payable three yea,s from August Is, 1854
with semi annual interest at the rate of seven and
three-tenths per cent per annum,-princpal and in.
terest both to be paid in lawful money
These notes will be convertible at the option ofthe
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 will be issued in denominations Of
fifty, one hundred, five hundred, one thousand, and
five thousand dollars. and all subscriptions must
be for fifty dollars, or some multiple of afty dol.
lars.
The notes will be transmitted to this free OF
transportation charges as soon after the receipt Of
the original Certificates of Deposit as they can be
prepared.
As the notes rawinterest from August Is, persons
making deposits subsequent to that date must pay
the interest accrued from date of note to date of de-
posit
Parties depositing twenty five thousand dollart
anu ior these notes al any one time Will De
allowed commission of one-qnarter Of one per
cent, which will be paid by the Treasury Depart.
ment upon the receipt Of bill for the amount,
titled to by the officer with whom the deposit was
made. No deductions for commissions must be
made from the deposits.
Special Advantages of this Loan.
lis a National sarings Bank, Offering higher
rate of interest than any other and the best secsr
y. ANY savings bank which pays its depositors in
U. s. Notes. considers that is paying in the best
circulating medium of The country, and it cannot
pay in anything better Its own assets are either
in Government securities or in notes or bonds pay.
able in Government paper
It's equally convenient as temprary or pcrma.
nent investment. The notes can always be sold for
within fraction of their face and accumulated in
terest and the best security with banks as colat
erals for discounts.
Convertible into q per cent. $40 Gold Bond.
In addition to the very liberal interest ON the
notes Tor three years this privilege of conversion ia
now worth about three per cent per annum, for the
current rate for $40 Bonds Is ess than nine per
cent premium. and before tho war the premium on
1t will be that the actual profit on his loan at
the present .rket rate not less than ten per cent
per apnum.
It's Exemption from State or Municipal
But aside from all the advantages we have enum.
Grated. special Act of Congress erempts all bonds
and treasury notes from local tarafioa. On the
average, this exemption Is worth about two per
cent. rer annam, according to taxation in various
parts Of the country.
is believed that no securities offer go great in.
ducesnis to lenders as those issued by the Govern.
ment. In all other forms of indebtedness. the
faith ability of private parties. or STOCK compan.
les, separate communities only pledged for pay.
ment. while the whole property of the country /.
held to the discharge of all the Obligations OF
the United States
While the Government offers the most liberal terms
or its loans II believes that the very strongest ap
peal viii be to the loyalty and patriotism ofthe peo-
pie.
Subscriptions tciH be receiced by the Treasurer OF
the United States. at Washington. the several As
sstant rreasurers aud designated Depostsries. and
By the
First National Bank of Portland, Maine,
and by all National Banks which are Depositaries
OF public money. and all respectable Banks and
Bankers throughout the country will give further
information. and afford every facility to subscribe.
Aug 2o-d& x2m