The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1864-09-02
u. S. 7-3O LOAN.

Os Ne A-OV AVAlVs
The Secretary Of the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable three years from August 18th, 1864
with sem-annual interest at the rate of seven and
three tenths per cent per annum,-principal and
interest both to be paid in lawful money. .4
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 mere
than twenty years from their date, as the Govern
ment may elect. They will be issued in denomi-
nations Of $50, 500, $500, $1,000 and $4,000, and
all subscriptions must be for fifty dollars or some
multiple of Fifty collars.
The notes viii be transmitted 10 the owners
free of transportation charges as soon after the
receipt of the original Certificates Of Deposit as
they can be prepared
As the Notes draw interest from August Is, per-
SONS making deposits subsequent to that date must
pay the interest accrued from date Of note to date
Of deposit
Parties deposting twenty-five thousand dollars
and upwards for these notes at any one time win
be allowed commission of one-quarter of one per
cent. which will be paid by the Treasury Depart
ment upon the receipt Of bill for the amount,
certified 10 by the officer with whom the deposit
was made No deductions for commissions must
be made from the deposits
Special advantages Of this Loan.
Ir1s NATIONAL SAVINGS BANK, offering higher
rate Of interest than any other. and the best seca-
ritz Any savings bank which pays its depositorr
in O. s. Notes, considers that it is paying in the
bes. circulating medium In the country and it
cannot pay in anything better. for it's own assets
are either in government securities or in notes or
bonds payable in government paper.
I. is equally convenient as temporary OF per-
manent investment The notes can always be sold
tor within fraction Of their face and accumulated
interest and ere the best security with banks az
collaterals for 0,ecounts.
Convertible into a Six Per Cent.
$40 Gold Bond.
In addition to the very liberal interest on the
notes for three years. this privilege Of conversion
is low 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 six per cent o. S. stocks was over
twentv per cent. 1t will be seen that the actual
profit Oh this loan, at the present market rate, is
not less Than ten per cent. per annum.
Its Exemption from State or Mu-
nicipal Taxation.
Bu, aside from all the advantages we have emu
mersted q special Act of Congress erempts all
bonds and Treasury notes from local taSation On
the average this exemption lie worth about two
per cent. per annum, according to the rate Of tax
alton in various parts Of the country.
1t is believed that no securities offer go great
Inducements to lenders a. those issued by the gov
eminent. In all other forms Of Indebtedness the
faith or ability OF private parties, or stock compa-
MES, only, is pledged for payment while the whole
property Of the country Is held 10 secure the dis
charge Of all the obligations Of the United States.
While the government offers the most liberal
terms for its loans it believes that the very strong
est appeal will be to the loyalty and patriotism of
the people
SUBSCRIPTIONS WILL REorIvED by the Treasurer
of the United States at Washington, the several
Assistant Treasurers and designated Depositaries,
and by the 81. -re ~.
First National Bank Of St. Paul.
And by all National Banks which a:e depositaries
of public money, and ,.,...
ALL RESPECTABLE BANKS AND BANKERS
Throughout the country will give further informa-
ton, and afford
EVERY FACILITY TO SUBSCRIBERS.
August rs. 1864 aug2e-d&w2m