American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1864-08-31
u, g, 7-3O Loan.

TUE Secretary of the Treasury gives notice that sub
scrptons will be received for Coupon Treasury Notes,
payable three years from Aug 10TH 1854 with semian
nua interest at rate of seven and threetenths per
cent per annumprincipa and interest both to be paid
in lawful money.
These will be convertible at the option Of the
holder maturity six per gold bearing bonds
from their date, as the Government may elect. They
will be issued in denominations Of S0 $780, $780, 81 900
and and all subscriptions must be for fifty dollars
or some multiplied of fifty dollars.
The notes will be transmitted to the free of
transportation charges after the receipt of the
As the notes draw interest from August 10, persons
making deposits subsequent to that date must pay the
interest accrued from date of note to date of deposit
Parties depositing twenty-five thousand dollars and
upwards for these notes any time will be allowed
a commission of one-quarter of per cent, which will
be paid 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.
iTIsA NATIONAL SAVINGS BAND, offering higher rate
of interest than any other, and n. best security Any
savings bank which pays its depotors In u 8. Notes.
considers that 1t paying in the best circulating medium
of the country and cannot pay in anything better for
its own assets are either government securities in
notes or bonds payable in government paper.
1t is equally conveniet a temporary or permanent
investment. The notes always be sold for within
fraction of their face and accumulated interest and
the best security with banks colateras for dsoun,s
ConvertbIs into Six per cent. $40 Gold Bond.
In addition the very liberal interest on the notes for
three years. this privilege of conversion Is now worth
about three per cent per anuum for the current rate for
$50 Bonds is not less than nie per cent premium and
before the war the premium in six per cent u s. stocks
twenty per cent 1t will be seen that tho ao
tua profit on this loan tho present market rate Ia not
less than ten per cent per annum.
lis Exemption from State or Municipal Taxation
But aside from all the advantages haze enunlOra
ted, special Act of Congress eremps all bonds ana
Treasury notes from iacal TAXATION On the average
this exemption is worth about two per cent per annum
occOrng to the rate oil taxation In VARIOUS parts oI te
country.
ltis believed that securities offer great induce
mcnts to lenders as those issued by the government
In all other forms of indebtedness, the faith ability
of private parties stock companies separate COM
mupitie ouy, pledged fr payment while the whole
property of the country is held to the discharge
Of all the obligations Of the United States.
While the government offers tho most liberal terms
for its loans it believes that the very strongest appeal
will be the loyalty aud patriotism Of the people.
Duplicate certificates will be Issued for all dOposs
The party depostng must endorse upon the original
certificate the denomination of notes required, and
whether they to be issued in blank payable to or
der When so endorsed it be left with the officer
receiving the deposit to be forwarded to the Treasury
Department.
SUBSCRIPTIONS WILL RECEIVED by the Treasurer 0
the United States, at Washington, the several Assistant
Treasurers and designated Depositaries and by tho
First National Bank of
Allegheny City, Pa First, Second, and Thrd National
Banks Of Pittsburgh Pa, and by all National Banks
which arc depositaries Of public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout tho country will give further information and
AFFORD EVERY FACILITY TO SUBSCRIBERS