The Portland daily press., 1864-10-17
FINANCIAL.
U. S. 7-30 LOAN.

The Secretary of the Treasury gives notice that
subscriptions win be received tor Coupon Treasury
Notes, payable three years from August l6, 1854,
with semi annual interest at the rate OF seven and
thrse.enths per cent per principal and in
| terest both to be paid in lawful money. asS
These notes viii be convertible at the option ofths
holder at maturity, into six per cent gold bearing
bonds, payable not less than five nor more than
twenty years from their date, Is the Government
may elect. They will be issued in denominations OF
fifty, one hundred five hundred, one thousand, and
five thousand dollars, and all subscriptions must
be for fifty dollars, or some multiple OF ffty dol
lars. pts tie
The notes will be transmitted to the owners free Of
transportation charges as soon after the receipt Of
the original Certifcates of Deposit as they can be
prepared o=4
AS the notes draw interest from August l5, personr
making deposits subsequent to that date must pay
the interest accrued from date of note to date of de-
posit.
Parties depositing twenty-five thousand dollars
and upwards for these notes at any ene time will be
allowed commission OF one-Qnarter of one per
cent.
Special Advantages Of this Loan.
His Natsonas Savings Baak, Offering higher
rate of interest than any other and the best secu
to-. Amy savings bank which pays its depositors in
u g. Notes, considers that itis paying in the best
circulating medium Of the country, and it cannot
pay in anything better. for Its assets either
in Government securities In notes or bonds pay.
able in Government paper. $3.50
1t Is equally convenient as temprary or perma-
nent Investment The notes can always be sold for
within fraction of their face and accumulated in.
teres and the best security with banks collat
erals for discounts. @s-4A2se& !
Convertible into q 8 per cent. 5-20 Gold Bond.
In addition to the very liberal interest on the
notes three years. this privilege of conversion is
now worth about three per cent per annum, for the
current rate 52o Bonds is not less than mic per
cent premium, and before the war the premium on
six per cent u s. stocks over twenty per cent
It win be that the actual profit on this loan at
the present market rate s less than ten per cent
per annum. o1 ~ 7t m
It's Exemption from State or Municipal
ealla4 4u Taxation. .t.a8pl
Grated. special Act of Congress erempts all bonds
and treasury notes from local tarat;os. On the |
average, this exemption is worth about two per +
cent. per annum, according to taxation in various
parts of the country.
1t is believed that no securities offer SO great in.
ducements to lenders those issued by the Govern
ment. In all other forms of Indebtedness, the
faith ability of private parties, stock compan.
les, separate communities only is pledged forpay.
ment, while the whole property of the country is
held to the discharge of all the obligations OF
the United States.
While the Government Offers the mostliberalt terms
for its loans 1t believes that the very strongest ap.
peal will be to the loyalty and patriotism the peo.
pie. o
Up to the oath of September, the subscriptions to
thia loau al Il ovar 5.l-