Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1864-11-16
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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 annual
interest at the rate of seven and three-tenths
per cent. per aunum-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 be issued in denominations
Of $50, slOO. $500 81 600 and IS 900, and
all subscriptions must be for fifty dollars OF
some multiple of fifty dollars
The notes will be transmitted TO the own
ers free Of transportation charges as soCn
after the receipt Of the original Certificates
of Deposit as they can be prepared
As tie notes draw interest from August
Is. 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 a commission of one
quarter of one per cent, which will be
paid by the Treasury Department upon the
rece!p Of a bill for the amount, certified to
by the officer with whom it was made.-Nc
deGuctisns for commissions must be made
from the deposits.
SPECIAL ADVANTAGE OF THIS LOAN.
1t is a National Savings Bank, offering a
higher rate of interest than any other, and
the best security. Any Savings Bank which
pays its depositors il Z. S. Notes, considers
that II is paying in the best circulating me-
dium of the country, and it cannot paw in
anything better, for its own asets are either
In government securities or in notes OF bonds
payable in government paper.
1t Is equally convenient as temporary or
permanent investment. The notes can al
ways be sold for within a fraction of their
face and accumulated interest, aud are the
best security with banks as eolIatera.s for
discounts.
CONVERTIBLE INTO SIX PER CENT $50
GOLD BOND.
In addition TO the very liberal interest on
th> notes for three years, this privilege of
conversion is now worth about three per
cent. per annum, for the current rate for
go Bonds is not less than HiRe per cent.
premium and before the war the premium
ON the six per cent. L. S. Stocks was over
twenty per cent. It will be seen that the
actual profit Oh this loan. at the presen.
market rate, ie not less than ten per cent.
per annum.
ITs EXEMPTION FROM STATE Or MUNICIPAL
But aside from all the advantages we
have enumerated, special Act of Congress
ereaptS all bonds aud Treasury notes from
f0cai taxation. On the average, this exernp-
ton is worth about two per cent. per an
mum, according to the rate f taxation in
various part of the country.
1t is believed that 10 securities effer 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 secnre the discharge of all the obli-
cations Of the United States.
While the gavcrnment offers the most
liberal terms for lis loans. it believes that
the very strongest appeal will be to the 10y
atty and patriotism Of the people.
Duplicate certificates will be issued for all
deposits. The party depositing must endorse
upon the original certificate the denomina-
tion Of notes required, and whether they are
10 be issued in blank, or payable to order.
When 50 endorsed it 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
iguton. the several assistant Treasurers and
designated DePo.itarieS. and by the