The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-09-22
FINANCIAL.
U. S. 7-30 LOAN.

I oeeiel~r! VI tns irecsery gives notiee ths
subscriptions viii be received for Coupon Treasury
Notes, payable three years nom August Is, 1864
with semi annual interest ct the rate of seven and
three-;enths per cent per rannum,-prncipal and in.
terest both to be paid In lawful money. ts.
These notes win be convertible at the option ofths
holder at maturity, into six per cent gold bearing
bonds, payable not less than fve nor more than
I twenty years from their date, as the Government
may elect. They viii be issued in denominations OF
nfty, one hundred. five hundred, one thousand, and
hve thousand dollars. and all subscriptions mus,
DO for fifty dollars or some multiple of any dol.
lars.
Inc notes will be transmitted to ths owners free OF
transportation charges as soon afler the receipt Of
the original Certificates of Deposit as they can be
prepared.
Asthe notes drawinterest from August l5 persons
making deposits subsequent to that date must pay
the interest accrued from date of note TO date Of de-
posit.
rarues depositing twenty five thousand dollars
and upwards for these notes at any one time will be
allowed commission of one-qnarter of one per
cent, which will be paid by the Treasury Depart.
ment upon the receipt Of bill for the amount Ger.
tilted to BY the officer with whom the deposi, wss
pade. No deductions for commissions must be
made from the deposits.
Special Advantages Of this Loan.
Hisa National Savings Bank Offering a higher
rate Of interest than any other and the best sser
IT, Any savings bank which paysits depositors in
o. s. Notes. considers tina, tia paying in ,h. best
circulating medium OF the country, and n CANNOT
pay In anything better, for its own assets ar, either
In Government securities or in notes or bonds pay
able in Government paper.
1t is equally convenient as temprary or psrma
aent Investment. Tho notes can lwsys be sold for
within Attraction oftheir face and accumulated I'm.
terest and are the best security with banks as eoa
erals for discounts.
Convertible into 8 per oent. $40 Gold Bond. |
In addition 10 the very liberal interest on the
notes for throo years. this privilege of conversion il
no" worth about threo per cont pcr anaam, for the
current rate for SO Bonds 10 not ess than .;ae ~
''nf premium. and before the war the premium On |
'ix per cent u s. stocks were orer twenty per cent,
Il wiz be seen that the actual profit on this loan a,
The present market rate, notless than ton nor cent
per annun.
le exemption from State or Municipal
Taxation.
But aside from all tho advantages we have enum.
grated. special Act of Congress exsmpts all bond.
md treasury aotes from local faratiou On the
average. this exemption Is worth about two per
sent. rer snnum. according to taxation in various
paris Of the country.
II is believed that securities offer SO great in.
dncemeuts to lenders as those issued By .hs Govern
ment. In all other forms OF indebtedness, the
faith or ability of private parties or stock oompan.
es or separate communities only, Is pledged forpay.
mont, while the whole property OF the country IL
held to secure the discharge of all the Obligations Of
the United States.
whilethe Government oners the ncstiibsrai terms
Or ~ iosas il believes that the very strongest sp.
peal Will be to the loyalty aud patriotism of the peo.
pie.
!, ,-.-- ~ TrezsareE
the United States, at Washington, the several As
sisant Tressurers and designated Deposi,aries and
BY the
First National hank OF Portland, Maine.
and h all National Banks which are Depositaries
Of public money. and all respectable Banks and
Bankers throughout, the country will give furthsr
and afford every facility to subscribe.
Aug 20-dkx2n