Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-10-07
0. S. 7-sO LOAN.

The Secretary of the Treasury gives notice that
subscriptions will be received for Coz pom Treasury
Notes, payable three years from Aug. 18th, 1864,
with semisnnual interest at the rate of seven and
thrse-tenths per cent. per annum-principal and
interest both to be paid in lawful money.
These notes Will be convertible st the option Of
the holder at maturity, into six per cent gOdbeAr
ing bonds payable not less than i've nor more than
twenty years from their date, as the Government
may elect. They will be issued in denominations Of
$50, $780, $780, 81 900 and 5000, and all suhsorip
tiOns must be for fifty dollars or some multiple Of
hny dollars.
The notes will he transmitted to the owners free
Of transportation charges after the receipt
of the original Certificates of Deposit as they eau
be prepared.
As the notes draw interest from August Is, per
sons 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 at any one time will be
allowed commission of One-quarter of one per
oaSt.
Special Advantages Ofthis Loan
IT'S A NATIONAL SAVINGS BANK, Offering higher
rate Ofinterost than any other, and The best 'Ooiv
ANY savings bank which pays its depOsitors in 0.
s. Notes. considers that it is paying in the hest cir
culatiug medium of the country, and it oa.aOt pay
in anything better for its own ssssts either in
government securities or in notes bonds payable
in government psper. a--i
1t is equally convenient as q temporary or per
for within fraction of their face and accumulated
interest, and are the best security with banks 81
oollstsrals for discounts.
Convertible into SIX per Cent, 500
Gold Bond.
In addition to the very liberal interest on the
notes for three years. ts privilege OF conversion Is
now worth about three per cent per annum, for the
current rate for $50 Bonds Is not less ,sn nine p-
cal. prsrai'1ai and before the war the premium on
Six per cent. o. s. stOcks vas over twenty per cent
1t will be that the actual profit on this loan,
at the Present market rate is not less than ten per
cent. per annum. Beam.
Its Exemption from State or Munich.
-= pal Taxation. .. -
But aside from all tho advantages we have emu
merated, special Act of Congress sgsmps al bond,
and Treasury ~Otss from local tasaaOn. On the aver
age, this exemption is worth about two per cent.
per annum, according to the rate of taxation In Va
rious parts of the country.
1t is believed that no securities offer so great in.
dHeements to lenders those issued by the govern.
msnt. In all other forms Of indebtedness, the faith
or ability private parties, or stock companies, OF
separate communities, only, is pledged for psy
msnt, while the whole property of the country is
held to secure the discharge of all the obligations
o. the United States
While the government offers the most liberal
terms for its lOanS it believes that the very strong
est appeal will be to the loyalty and patriotism Of
the people.
Up to the 24th Of September, the subscriptions Il
this loan amounted to over