Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-10-20
FINANCIAL.
s. SEVEN-THIRTY LOAN.

The secretary of the Treasury gives notice thas
subscriptions will be received for Coupon Treas.
ury Notes. payable three years from Aug, 18TH.
1864, with semi-annual interest at the rate Of
seven and three tenths per cent per annums-
principal and interest both to be paid ia Lawful
money. sy
These notes will be convertible at the option OF
the 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 $50, sle0, $500, 81 900 and
5000, and all subscriptions must be for fty dol-
lars or some multiple Of fifty dollars.
The notes will be transmitted to the aers
free of transportation charges as soon ali the
receipt of the original Certificates of Del psst a.
they can be prepared.
As the notes draw interest from August 18th.
persons making deposits subsequent to that date
must pay the interest accrued from date OF ste
to date Of deposit.
Parties deposting twenty-five thousand doilscs
and upwards for these notes at any one sma WI
be allowed commission Of one-quar.es OF one
per cent.
SPECIAL ADVANTAGES OF THIS LOAN.
Tits National Savings Bank, offering hieh.
er rate Of interest than any other, and the BEST
SECURITY. Any Savings Bank which pays IT,
depositors in u s. Notes. considers that it Is pay
ing in the best circulating medium Of the ooun.
try, and it CANNOT pay in anything better, sas
its own assets are either in government securi-
| ties or in notes or bonds payable in government
paper
It's equaAy convenientas temporary or Der.
manent investment. The notes can always be
sold for within fraction Of their face and acca-
! INFLATED interest, and are the best security with
banks as collaterals for discounts.
| CONVERTIBLE INTO A SIX PER oENr
| $40 GOLD BONE. ~
In addition to the very liberal interest on tina
nstes for three years, this privilege of oonyer.ioa
now worth about three per cent per annun.
| for the current rate for $40 Bonds ia mt les
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 thai
the actual profit on this loan, at the present mar
ket rate, is not less than ten per cent per an.
| mum.
ITS EXEMPTION FROM STATE OF Muvr.
HeA oIPAL TAXATION.
But aside from all the advantages We have eaa
merated, special Act of Congress ExEMPTs
| ALL BONDS and TREASURY NOTRs FRnT
LOCAL TAXATION. On the average, this az
emption is worth about two per cent Der annum.
according to the rate of taxation Il various parts
| of the country. ESQ ems 800
1t is believed that no securities oder 90 srsek
Inducements to lenders as those issued bS ehs
government. in all other forms Of indebtedneeg
the faith or ability of private parties, OF stock
companies, q separate communities, only, 4
| pledged for payment, while the whole neoeerSv
Of the country Is held to secure the diecksrrs q
| all the obligations Of the United staten
While the government Offers the most Ha,annl
terms for its loans, it believes that the NV
strongest appeal will b to the loyalty and ~.
otism Of the people.