The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-09-02
FINANCIAL.
U. S. 7-3O LOAN.


Inc Secretary of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
NOTES. payable three years from August Is, 1864,
with semi annual interest at the rate of seven and
three.tenths per cent per annum-principal and in.
tersst both to be paid in lawful money.
These notes will be convertible at the option ofthe
hoider 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 be issued In denominations OF
my one hundred, five hundred, one thousand, and
hve thousand dollars, and all subscriptions must
De Tor nifty dollars, some multiple Of sfty dol.
lars.
Inc notes will be transmitted to tbs owners free OF
transportation charges as soon after the recent of
the original Certificates of Deposit as they can be
prepared.
An tue notes draw interest from August 49, persons
making deposits subsequent to that date must nav
the interest accrued from date of note To date of d.
posit
Parties depositing twenty-five thousand dollar,
and upwards for these notes at any one time will be
allowed commission OF one-qnarter Of ona ne,
cent, which will be paid by the Treasury Depart.
ment upon the receipt of bill for the amount. GER
tiled to by the officer with whom the deposit vas
made. No deductions for commissions must be
made from the deposits
Special Advantages of This Loan.
Hsa National Sarinos Bank, Offering a higher
rate of interest than any other and the best see.r,
~ Any savings bank which pays its depositors in
u s. Notes considers that it is paying in the best
circulating medium Of The country, and il cannot
pay in any hing better for Its assets are either
able in Government paper.
1t equally convenient as temprary or perma.
nent Investment. The notes can always be sold for
within fraction of their face and accumulated in.
'erest and are the best security with banks as coat
erals for discounts.
Convertible into 6 per cent. $50 Gold Bond,
In addition to the very liberal interest on the
notes for three years. this privilege fconversion is
now worth about three per cent per aanum, for the
current rate for 20 Bonds is not o., than nine ne,
cent premium. and before the war the premium on
six per cent H. s. stocks were over twenty Der cent
1t will be seen that the actual profit ON this loan a,
the present market rate not less than ton Der cent
per aDnum.
Ae exemption State or Municipal
Taxation.
But aside from all tn advantages we have enum.
Grated, special Act of Congress eremp,s all bond.
and treasury notes from local taxation. On the
average, this exemption 10 worth about two per
cent. PER annrm. according to taxation in various
parts of the country.
1t is believed that securities offer so great in.
dueements to lenders those issued by the Govern
ment. In all other forms of Indebtedness, tie
nth or ability Of private parties. or stock compap
le', separate communities only ia pledse for
ment' while the whole property OF tie country i.
he'd to secure the discharge OF all the obligations Of
the United States.
While the Government offers the most liberal term,
or its loans ii believes that the very strongest .p
peal VIII be to the loyalty and patriotism Of the peo-
pie.
Subscriptions oiA be receired by the Treasurer of
the United States at Washington, the several As.
sis'ant Treasurers and designated Depostaries and
by the
Fffst National Bank OF Portland, Maine.
and b. all National Banks which arc Deposiiaries
OF public money. and all respectable Banks and
BANKERS throughout the country viii give further
information, aud afford every facLlityto subscribe.
Aug 20-dkH2m