The Grand Haven news. [volume] (Grand Haven, Mich.) 1858-18??, 1864-08-17
U. S. 7-30 LOAN
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AVth, ioOf, Win seml-hhnuhl interest NJ the rate
of seven and three-tenths per cent. per annuin--
principal and interest both to be paid in lawful
money. ~
These notes will be convertible at the option
of the holder at maturity, into ak per cent gold
bearing bonds, payable not less than Eve nor
more than twenty years from their date, as the
Government may elect. They will be issued in
denominations of $50, 800, $500, 81 900 and
$4,000, and all subscriptions must be for fifty
dollars or some multiple of fifty dollars.
The notes will be transmitted to the owners
free of transportation charges az soon after the
receipt of the original Certificates of Deposit az
they can be prepared.
As the notes draw interest FROM August IS
persons making deposits subsequent to that date
must pay the interest accrued from date of note
to date Of deposit.
Parties depOsitng twenty five thousand dol.
lars and upwards for these notes at any one time
II
will be allowed commission of one-quarter of
one per cent, which win be pnid by the Treas-
ury Department upon the receipt of bill for the
amount, certified to by the officer with whom
the deposit was made. No deductions for com
missions must be made from the deposits y
Special Advantages of this
Loan.
1rIsA NATIONAL SAVINGS BANK, Offering
higher rate of interest than any other, and the
best security. Any saving banks which its
depOsitors in U. S. Notes, considers that it IN
the best circulating medium of the country, and
it can mot pay in anything better, for its own as
sets are either in government securities or in
notes or bonds payable in government paper.
1t is equally convenient as a temporary or
permanent Investment. The notes can always
be sold for within fraction of their face and
accumulated interest, and are the best security
with banks as collaterals for discounts
Convertible into Six per cent. $50
Gold Bond.
In addition to the very liberal interest on the
notes for three years, this privilege of CONVEX
sion is now worth about three per cent per au-
mum, for the current rate for 500 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 the present
market rate, is not less than ten per cent. per
annum.
It's Exemption from State or Munici.
pal Taxation.
But aside from all the advantages we have
enumerated, special Act of Congress exempt.
all bOnds and Treasury notes from local taration.
On tho average, this exemption is worth about
two per cent per- annum, according to the, rate
of taxation in various parts of the country.
It's believed that no securities offer so great
inducements to lenders as those issued by the
government, In all other forms of indebted
ness, the faith or ability of private parties, or
stock companies, or separate communities, only,
is pledged for payment, while the whole proper
ty of the country is held to secure the discharge
of all the obligations of the United States.
While the government offers the most liberal
terms for its loans, it believes that the very
strongest appeal will be to the loyalty and pa
triotism of the people.
Duplicate certificates will BIO issued for all de-
posits. The party depositiug must endorse up
on the original certificate the denomination of
notes required, and whether they are to be is
sued in blank or payable to order. When SO en-
dorsed il must DO left with the officer receiving
the deposit to be forwarded to the Treasury
Department
SUBsoRIrrIoNs WILL DE RsoEtvrD' by the
Treasurer of the United States, al Washington,
the several Assistant TreasurCrs and designated
Depositaries, and by the -----
FIRST NATIONAL, BANKS OF
Milwaukee, Wis, & Fentonville, Mich.
and by all National Banks which are deposita-
.cnl. .... nd ALL RESPECTARIE