The Lansing state Republican. [volume] (Lansing, Mich.) 1855-1874, 1864-10-05
FINANCIAL.
LIMITED STATES 80 LOAN.

The Secretary OF the Treasury gives notice that sub
sorp'ions viii be received FOR Coupon Treasury Notes
payable three years from Aug 18Th 1854, with semi
annual interest At the rate or seven ard threeenths
per cent. per snnum.-principa and interest both to
be paid ia lawful money
These notes Will be convertible st the option Of the
holder, At maturity into SIX per cent. gold bearing
bonds, payable not less than i've nor more thsn
twenty years nom their date, as the Government
may elect. They will bo issued in denominations Of
$50 500 $500. s. 900 and s 900. and all .usscrip.
iious must be Tor my dollars or soma multiple OF
fifty dollars.
The notes vii De Transmitted 70 the owners free Of
transportation charges as soon after the receipt Of
the original certificates Of Deposit As they can be
prepared.
As the notes draw interest from Aug 10, persons
making deposits subsequent to that date mus. pay
the Interest accrued from date q note to date or De
post
Parties dePositing twenty avs thousand dollars and
upwards Tor these notes at any one time viii be al
lowed commissioa Of enc quarter q one per cent,
which vii DO paid by the Treasury Department up
on the receipt Of bn for the amount, certified 10
by the oeicer with whom the deposit was made. No
deductions Tor commissions must he made from tho
deposits
Special Advantages Of this Lean.
IT Is a. NAuoNAI SAVINGS RANK. oneringA higher
rate II interest than any other. and ne best sersy
Any savings bank which pays is depostors in q \
Notes considers that Is paying IN the best clroulA
ting medium OF The country and Il oaHnot pay in any
thing better for ne own assets are either IN govern.
ment securities or m notes or bonds payable IN gov
eminent paper.
Il Is equally convenient a. a temporary or perma.
neni investment. The notes can always he sola for
within fraction of their face and accumulated IN.
eresi and ars the best security with hanks :. col.
lateras Tor discounts
Convertible into 6 per ct. $50 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 annun. for tho
current rate for5 20 bonds is no, less than nne rof
prcaiuH and before the war tho premium on six per
cent L. 3 stocks was over twenty per cent Il win
be seen that the actual profit on this osn. al the
present market rate IS not less than ten FER cent por
annum
Its Exemption from State or Municipal
Taxation.
Bat aside from all the advantages We have enume-
rated, special Act OF Congress e-cmyxs all bonds
and neasuy Hoes from Local fasafioa On the aver.
age this exemption is worth about two per cent per
annun according to the rate Of taxation in various
parts or the country
Il is believed that no securities o0cr ~ great In.
dueemcnts to lenders those issued by the govern
ment. IN an other forms Of indebtedness. the faith
Of ability q private parties or stock companies or
separate communities, only pledged for payment,
while the whole property Of the country IL held 20
secure the discharge or al obligations of the United
states
While tie government offers the most liberal terms
for It, loans 1t believes that the very strongest ap.
peal viii bo TO the loyalty ana patriotism OF the
people
Duplicate certificates viii be issued for all deposits
The parties dePositng must endorse upon the original
certificate Tic denomination q notes required and
whether they be issued IN blank or payable 10
order. When 20 endorsed Il mast be loft with tho
officer receiving the deposit 20 DO forwarded 10 the
Treasury Department.
SUBSCRIPTIONS Will KEonvED by the Treasurer
q the United States, at Washington, the several
Assistant Treasurers and Designated Depositaries,
and ty the
First National Bank Of Ann Arber. VI.
second National Bank OF Detroit. Mich.
First National Bank OF Fenton. Mich.
Aad by all National Ranks which aro depositaries
4 Public Money, and an
RESPECTABLE BANKS AND B4NKERS
throughout the country will give information Aad
AFFORD EVERY FACILITY TO SUBSCRIBERS
4stmS