Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-10-19
T { 9-30 / 0 A 4!

The Secretary of the Treasurer gives no.
tice that subscriptions will be received for
Coupon Treasury Notes, payable three years
from August 18th, 1864, with semi mi>annual
interest at the rate Of seven and three-tenths
per cent. per annum-principal and interest
both to be paid in lawful money.
These notes will be convertible at the
option 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 may
elect. They will he issuedi in denominations
of $50, 500, $500 81 900 and S. 900, and
all subscriptions must be for fifty dollars or
some multiple of fifty dollars.
The notes will be 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
10, persons 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 be
paid by the Treasury Department upon the
receipt of bill for the amount, certified to
by the officer with whom it was made.-No
deGuctisns for commissions must be made
from the deposits.
SPECIAL ADVANTAGE OF THIS LOAN.
1t is q National Savings Bank, offering
higher rate of interest than any other, and
the best security. Any Savings Bank which
pays its depositors il q. s. Notes, considers
that it is paying in the best circulating me-
dunn of the country, and it cannot pay in
anything better, for its own asets are either
in government securities or in notes or bonds
| payable In government paper.
1t is equally convenient a temporary or
| permanent investment. The notes can al
way. be sold for within fraction of their
| face and accumulated interest, aud are the
| best security with banks as collatera,s 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 now worth about three per
cent. per annum, for the current rate for
| 500 Bonds is not less than nine per cent.
| premium and before the war the premium
on the six per cent. T. 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.
| It's EXEMPTION FROM STATE Oh MUNICIrAL
| TAXATION.
| But aside from all the advantages we
have enumerated, a special Act of Congress
erempts oil bonds and Treasury notes from
! local taration. On the average, this exemp-
ton is worth about two per cent. per an
mum, according To the rate Of taxation in
various part of the country.
| 1t is believed that no securities offer so great
| inducements to the lenders as those issued
by the government. In all other forms of
| Indebtedness, the faith or ability of private
parties, or stock companies. or separate
communities, only, is pledged for payment.
! while the whole property of the country is
held to secure the discharge Of all the obli-
cations of the United States.
While the government offers the most
liberal terms for its loans, it believes that
the very strongest appeal will he to the 10y
atty and patriotism of the people.
Duplicate certificates will be issued for al
deposits. The party depositing must endorse
upon the original certificate the denomina
tion of notes required, and whether they are
to be issued in blank, or payable to order.
| When so endorsed il must be left with the
officer receiving the 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 Treasurers and
designated Depositaries, and by the