The Portland daily press., 1864-09-14

FINANCIAL.
U. S. 7-30 LOAN.

The Secretary of the Treasury gives notice that
subscriptions viii be received tor Coupon Treasury
Notes, payable three years from August 10, 1854
with semi annual interest at the rate of and
three-tenths per cent per annum,-principsl and in.
terest both to be paid in lawful money.
These notes will be convertible at the option ofthe
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
fifty, one hundred, five hundred, one thousand, and
five thousand dollars, and all subscriptions must
be for fifty dollars, or some multiple of fifty dol
lars.
The notes will be transmitted to this owners free OF
transportation charges after the receipt OF
the original Certificates of Deposit as they can be
prepared.
As the notes draw interest from August l5 persons
making deposits subsequent to that date must pay
the interest accrued from date of note to date of de-
posit.
Parties depositing twenty five thousand dollars
and upwards for these notes at any one time will be
allowed a commission of one-qnarter Of one per
cent, which viii be paid by the Treasury Depart.
ment upon the receipt of bill for the amount GER
titled to by the officer with whom the deposit was
made. No deductions for commissions must be
made from the deposits.
Special Advantages of this Loan.
His National Sarings Bank, Offering higher
rate of interest than any other and the best sscar
ty. 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 it cannot
pay in anything better for ITS own assets are either
in Government securities or in notes or bonds pay.
able in Government paper.
1t is equally convenient as temprary or perma.
nent investment. The notes can always be sold for
within fraction of their face and accumulated in
terest and the best security with banks as coat
erals for discounts. q
Convertible into per cent. $40 Gold Bond.
In addition to the very liberal interest on the
notes for three years this privilege of conversion is
now worth about three per cent per annum, for the
current rate for $40 Bonds is not ess than nine per
cent premium and before the war the premium on
six per cent u. s. stocks were over twenty per cent
1t viii be that the actual profit on this loan at
the present market rate not less than ten per cent
per apnum.
Its Exemption from State or Municipal
Taxation.
But aside from all the advantages we have enum.
Grated. special Act of Congress erenpts all bonds
and treasury notes from local fdratioa. On the
average, this exemption is worth about two per
cent per annum, according to taxation in various
parts of the country.
1t is believed that securities offer so great in.
dueeasnts TO lenders those issued by the Govern.
ment. In all other forms of indebtedness, the
faith or ability Of private parties. stock compan-
les, separate communities only is pledged pay
ment, while the whole property of the countryis lie
hsld to the discharge OF all the Obligations OF
the United States.
whilethe Government offers the mostIiberalterms
or ts loans believes that the very strongest ap
peal viii be to the loyalty and patriotism ofthe peo
pie.
Subscriptions ~sll Dc receseea by the Treasurer Of
the United States, at Washington, the several As
sistant Treasurers and designated Depositares and
by the
First National Bank of Portland, Maine,
and By all National Banks which Depositaries
Of public money and all respectable Banks and
and aaord every facility to subscribe
Aug 20-d&w2m