Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-10-18
o, S, 7-sO LOAN


Tho sseratary Of she Treasury gives notice that
subscriptions viii be received for Coupon Treasury
Notes, Pasabls three ysals nom Aug 18th. 1854,
With psnisnnaaI interest at the rate of seven ana
thrSe-tenths per cent. per Annum--PrinOlpal and
interest both to be paid in lawful money.
Thee nOtss win be convertible ct the option of
The holder 1t sturty, into six Per cent gOId-BeAT-
ing bonds, payable not less than I've nor more than
twenty years from their date, as the Government
may elect, They vim be issusd IN denominations Of
SO 500, $500 81, 900 and s. 600, and all sut.crp-
tOns must be for any dollars or some multiple Of
afty dollars. .'- -a-.s -a
Ths notes will he transmitted to the owners free
Of transportation charges Is soon after the receipt
of the original Certificates of Deposit as foy can
be prepared a-.
AsthsuOses draw interest from August Is, per-
sons making deposits subsequent to that date must
pay the interest accrued from date of note to dsts
Of deposit. ----g. s-.-s--
Parties dePositing twenty-five thousand dollars
and upwarda for these notes at any one time VIII be
allowed commission of Ons-quarter of zone per
cent -.-.-.- ..- - @ s-- ri
Special Advantages OF this Loan
IrIs NATIONAL sAEHOs BANK, OHsring higher
rate Of interest than any other and tie beat ,ocsry
Any savings bank which pays its dspOIitori in O,
s. Notes, considers that il is paying in the hest cir
oulatiug medium Of the country, and it oauBOt pay
in anything better for its own assets are either In
government securities or in notes or bonds psyAbs
iu government paper. ~.
It is squAlly convenient e. q temporary or per-
nAnent Investment. Ths netes can always be sold
for within fraction Of their face ana accumulated
interest and are the best security with banks ~
eOllaterals for discounts. -7-5
Convertible into Six per Cent. sac
Gold Bond.
Ii sddition TO the very liberal interest on the
notes for three years, this privilege Of conversion
nov worth about three per cent per annum, for the
ourrsnt rate for $50 Bonds is not lsss than nis De-
osi. premium; and before the war the premium Oh
siE per cent. q 3. stocks was over twenty per cent
1t will be that the actual profit on this Iosh
at ths present market rate Is not less than ten 9z
cent. per annun.
Its Exemption frOm Stale or mun1ci.
pal Taxation. --'
But sside from all the advantages We have snu.
meEated, special Act of Congress sssaP.s all bond.
oEd Traass'g notes from local iazasos 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 odsr 90 great in
tzcensnts to lenders those issued by the govern
nent. In ell other forms Of indebtedness the faith
ability Ofprtyste parties or stock companies or
separate communities, only, is pledged for pay
nsnt, while the whole property OF the country is
asld to secure the discharge of all the obligations
y the United States. r-
While the government onBEs the most liberal
terms for its lOans it believes that the very strong
st appeal viii be to the loyalty and patriotism Of
the people. ..'
Up the 24th OF September, the subscriptions to