Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-09-07
| s 20 | D A H.

The Secretary of the Treasurer gives no.
tee that subscriptions will be received for
Coupon Treasury Notes, payable three years
from August 18th, 1864, with semi-auuuaI
interest at the rate of seven and thrce~tcnths
per cent. per annum-principal and Interest
both to be paid in lawful money.
These notes will be convertible at the
ontion of the holder at maturity. into six
per cent. gold bearing bonds. payable not
less than five nor more than twenty years
from their date, as the Government NAV
elect. They will be issued in denominations
of $50. 500. $500 81 900 and S. 600, and
all subscriptions must be for fifty dollars or
some multiple of fifty dollars
The notes will he Transmitted to the own
ers free of transportation charges as soon
after the receipt of the original Certificates
of Deposit as they can be prepared.
As tie notes draw interest from August
IS. perscus 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
time will be allowed commission Of one
quarter Of one per cent which will he
paid by the Treasury Department upon the
receipt of bill for the amount. certified to
bv the officer with whom it was made.-No
deGuctisns for commissions must be made
from the deposits.
SPECIAL ADVANTAGE OF THIS LOAN.
1t is a National Savings Bank, Offering a
higher rate of interest than any other, and
the best security. Any Savings Bank which
paws its depositors il. u. 5. Notes. considers
that it is paying III the best circulating me-
dium of the country, and it cannot pay in
ANYTHING Better, for Its own asets are either
in government securities or in notes OF bonds
payable in government paper.
1t is equally convenient temporary or
permancnt investment. The notes can al
wavs be sold for within Il fraction of their
face and accumulated interest, aud are the
best security with banks as colIaterais for
discounts.
CONVERTIBLE INTO \ SIX PER CENT $50
GOLD BOND.
In addition to the very liberal interest on
the notes for three years, this privilege Of
conversion is nov worth about three per
cent. pei annum, for the current rate ior
500 Bonds is no5 less than nine per cent
premium and before the war the premium
on the six per ccnt. l.. S. Stocks was over
twenty per cent. 1t will be seen that the
actual profit oD this loan, at the present
market rate, is not less than ten per cent.
per annum.
TANATIoN.
But asi.le from all thc advantages we
have cl.uueratca a SPECIAL Act OF Congress
crrn3ptS uH Lu,tdS a1td Ireasury II tes from
i0,.lJ hisrri"a. On the average, this eNcuiP
tiou l. worth about two Pcr cent pcr "u
num- according II the rate IF taxation 10
various part oi the country.
Il Is believed that no -cuuritics afi,r~ so great
to the lenders aS those i>suci
by the government. In all other forms Of
indebtedness. tie faith or ability f private
parties. or stock companies. or separate
only. Is pledged fnr payment.
VIII tc the whole property of the country Is
held to sccUro the discha g Of all the obi
cations of the Uaitrl States.
While the government utie-s the most
liberal tcrms for its loans. il believes That
the very strongest appeal viii lie tn tac 10y
atty aud patriotism oi the people.
Duplicate certificates will b. issicl fnr all
deposits. The party dap0~i.in- must Cn!.rso
upon the crg'nal certificate the jean.ia.-
ton ui notes required. ami whether they arr
To hc issued ir blank, or payable To- order.
When So endorsed il must be left with the
officer receiving tue deposit, to be forwarded
to the Treasury Department.
Subscriptions will be received by the
Treasurer of the United States. at Wash
ignton. the several assistant Treasurcrs ard
designated Dcpusitaries, and by the