Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-11-12
u. 8. 7.3O Loan

The Secretary Of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from Aug. 18th. 1854.
with sem-annual interest at the rate of seven and
tenths per cent. per annum-principa 81 in
terest both to be paid in lawful money. e.,
These notes will be convertible at the option Of
the holder at maturity into six per cent geld bear
ing bonds payable not less than FIVE nor mue than
twenty years from their date, as the Government
may elect. They will be issued in denominations Of
$50, 500, $500, 81 Oo0 and s5 OO0 and all subscrp-
tions must be for fifty dollars or some multiple OF
fifty dollars fet
The notes will be transmitted TO the owneRsfiee OF
transportation charges rs after the receipt of
the original Certificates of Deposit as the. cen be
prepared. a.s-t a4a raE
As the notes draw interest from Augustus persons
making deposits subsequent to that date u. ustpay
the interest accrued from date Of note TO date Of do
posit.
Parties depositing twenty-five Thousand dollars
and upwards for these notes at any time will be
allowed commission of ne-quarter of one or cent.
SPECIAL ADVANTAGES OF THIS LOAN.
ITIsA NATIONAL SAVINGS BANK. offering high
er rate Of interest than any other and tic best secs
~. Any savings bank which pays its depositors in
u. 8. Notes, considers that it is paying in the best
circulating medium of the country. and it cannot
pay in anything BETTER for its own assets are either
in government securities or in notes bondsraya-
Bile in government paper.
II is equally convenient as temporary or perma-
nent investment. The notes can always be sold for
within fraction Of their face and accumulated in
terost, and the best security with banks as col
laterals for discounts.
nonuortihlo into n Civ nor oont + On Cold r, nd
In addition to the very liberal interest On the
notes for three years, this privilege Of CONVERSE is
now worth about three per cent. per annum for the
current rate for $40 Bonds is not less than me per
cent. premium, and before the war the premium on
six per cent. U. S. stocks twenty per cent.
1t will be that the actual profit this loan. at
the present market rate, is not less than len per
cent. per annum.
Its Exemption from State or Municipal Taxa
ton. ,a
But aside from all the advantages We havee umcr-
ated, a special Act of Congress erempts al bcnds
and Treasury notes from local tdedfion. On the
average this exemption is worth about two p"r cent.
per annum, according to the rate of taxation in
rious parts Of the country.
II is believed that securities offer so q eat in
ducements to lenders as those issued Dy thet oVern
ment In all other forms of indebtedness. the faith
or ability of private parfies stock companies, or
separate communities, only. is pledged for pavment,
while the whole property of the country is heljto
secure the discharge of all the obligations Of the
United States.
While the government offers the most libera to ms
for its losns 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 subscrpt on to
this loan amounted to over g.fe1
$AO,OOO,OOO. a
SUBSCRIPTIONS WILL. RE RECEIVED by the Treas
urer of the United States, at Washington the sew
eral Assistant Treasurers and Designated Deposit
aries, and by the
FIRST NATIONAL BANK OF COLUMBUS. OHIO,
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further iniorms-
ton and ...l
AFFORD EVERY FACILITY TO SUBSCRlBERS
sepl-2md&w