Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-10-26
u. s. 80 Loan

/ The Secretary Of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from Aug 18th, icel,
with semi interest at the rate of seven and
three tenths per cent. per annumprincpa' ai IN
forest both to be paid in lawful money.
These notes will be convertible at the option oil
the holder at maturity into six per cent geld pear
ing bonds payable not less than hve nor more than
twenty years from their date. as the Government
may elect. They will be issued in denominations Oh
$50, 800, $780, 81 900 and 5ooo and all subscrip
tops must be for fifty dollars or some multiple Of
fifty dollars.
The notes will bc transmitted to the ownesfiee OF
transportation charges as after tho receipt Oh
the original Certificates Of Deposit as the. orn be
prepared.
As the notes draw interest from August IS persons
making deposits subsequent to that date II ustpay
the interest accrued from date Of note to date Of de-
posit .l.tt ,t- ,,lJ
Parties deposting twenty-five thousand iiar'
and upwards for these notes at any one time Wl DC
allowed commission of one-quarter Of one er ient
SPECIAL ADVANTAGES OF THIS LOAN.
IRIS A NATIONAL SAVINGS BANK. offerint ahigh-
or rate Of interest than any other. and foes seo"T
tv. Any savings bank which pays its depo it"rs In
u s. Notes, considers that il is paying in the best
circulating medium Of the country, and IT ednAo'
pay in anything better for its own assets are e'ner
in government securities or in notes or bon sIaya-
BILE in government paper.
IL is equally convenient as temporary OF peima-
nent investment. The notes can always be sold ior
within fraction of their face and accumulated In
terest, and are the best security with bank a. COL
laterals for discounts.
Convertible into Six per cent $40 Gold Bond
Tn addition to the very liberal interest On the
notes for three years. this privilege OF convershn
now worth about three per cent. per annum lot inc
current rate for $50 Bonds is not less than ns per
cent. premium, and before the war the premium on
six per cent u s. stocks over twenty Per cent.
It will be seen that the actual profit on this loa ~
the present market rate. is not less than Ten per
cent. per annum. r.I
Its Exemption from State or Municipal Taxa
But aside from all the advantages we havee umer-
ated, a special Act Of Congress erernpts dEocnd'
and Treasury notes from local tdnatfon. On the
average this exemption is worth about two Per can't
per annum according TO tho rate of taxation in va
rious parts of the country
It's believed that no securities offer so gea in
ducements to lenders as those issued by he overn-
ment. In all other forms Of Indebtedness. the faith
or ability of private parties or stock conps"ie, OF
separate communities, only, is pledged for PAYMENT
while the whole property of the country is hel tt
secure the discharge Of all the obligations of the
United States.
While the government offers the most ibern te. ms
for its loans it believes that the very strongest ap-
peal will be to the loyalty and patriotism Of Il ereo
pie.
Up to the oath of September. the subscripl on u
this loan amounted to over .a
$4O,OOO,OOO.
SUBSCRIPTIONS WILL BE RECEIVED by the treas
urer of the United States, at Washington, the sew
eral Assistant Treasurers and Designated Deposit
aries, and by the .t
FIRST NATIONAL BANK OF COLUMBUS. OHIO.
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further in orms
tion and
AFFORD EVERY FACILITY TO SUBSCRl GERS
sepl-2md&w