Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-10-03
U. s. 7.3O Lean,

The Secretary Of the Treasury gives notice that
subscriptions will bo received for Coupon Treasury
Notes. payable three years from Aug. 18th, 1854,
with semi-annual interest at the rate OF seven and
three tenths per cent. per annumprincipal and in
terest both to be paid in lawful money.
These notes will be convertible at the option OF
the holder at maturity into six per cont gold bear
ing bonds payable not less than Eve nor more than
twenty years from their date. as the Government
may elect. They will be issued In denominations Of
$50, $780, $5oo 81 900 and 5000. and all subscrp-
tions must bo for fifty dollars or some multiple Of
fifty dollars.
The notes will be transmitted TO the owners free Of
transportation charges soon after the receipt Of
the original Certificates of Deposit as they can be
prepared. N-
As the notes draw interest from August 1s persons
nAking deposits subsequent TO that date must pay
the interest accrued from date Of note to date Of de-
posit
Parties dspositing twenty-five thoussnd dollars
and upwards for these notes OF any one time will be
allowed commission Of quarter Of one Per cent.
SPECIAL ADVANTAGES OF THIS LOAN.
IrIsAN NATIONAL SAVINGS BANK. Offering . high
or rate Of interest than any other. and sbs" sser-
~. Any savings bank which pays its depositors in
U s. Notes. considers that II is paying in the best
circulating medium Of the country, and it ednnos
pay in anything BETTER for it's own assets arc either
in government securities or in notes bonds paya-
Bile in government paper. tR44g
II is equally convenient as temporary or perms-
nent investment. The notes can always bs sold for
within fraction Of their face and accumulated in-
t.res and are the best security with banks as COL
laterals for discounts.
M n 4 n.
Convertible into Six per cent. $40 Gold Bond.
In addition to the very liberal interest on the
notes for three years. this privilege OF conversion 10
now worth about three per cent. per annum, for tho
current rate for $40 Bonds is not less than ns per
cent. premium, and before the war the premium on
six per cent U. s. stocks over twenty Per cent.
It will bo seen that tho actual profit this loan, at
the present market rate, is not less than ten per
cent. per annum.
Its Exemption from State or Municipal Taxa
ton.
But aside from all the advantages wo have enumor-
ated, a special Act Of Congress sren,pts oH bonds
and 7IeasSry notes from local tdedtion On the
average this exemption is worth about two per cont
per annum according TO the rate Of taxation in va
rious parts Of the country.
1t is believed that no securities offer SO great in
ducements to lenders as those issued by the govern
ment In all other forms Of indebtedness. the faith
or ability Of private parties, 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 obligations Of tho
United States.
While the government offers the most liberal terms
for its loans it believes that the very strongest APP
peal wl be to the loyalty and patriotism Of the poo
pie.
Up to the oath of September. the subscriptions to
this loan amounted to over
&AO,OOO,OOO.
SUBSCRIPTIONS WILL BE RECEIVED by the Treas
urcr Of the United States, at Washington. the sew
eral Assistant Trsasurers and Designated Deposit
aries, and by the
FIRST NATIONAL BANK OF COLUMBUS. OHIO.
ALL RESPECTABLE'8ANKS AND BANKERS
throughout the country will give further informa-
ton and t.. IL 'l"g
AFFORD EVERY FACILITY TO SUBSCRIBERS
sepl-9md&w