The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1864-12-28
VI. s.. 7-3O Loan.

The Secretary Of Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aug
10Th, 1854, with semi-annual interest. al the
rate of seven and three-tenfhs per cent. per
annum,-principal, and interest both to be
paid in lawful money.
These notes will be convertible,a at the option
of the holder al maturity, into six per cent.
gold besIinP brnfs, payable not less than FIVE
nor more The n iwcnty years frr:n heir date.
as the Cover ament nay eleo. Tn~ will be
issued in denominations rf 5 &c, $500
81 900 ard -, or0, ard al : nfiiieii smust
be for City dollars or scme n NJ of fifty
dollars.
The netes will be transmitted to the owners
free of transportation charges as sosn after
the receipt of the orr NAL Certificates rs they
can be prepared.
As the notes draw interest from August Is
persons making deposits subsequent to tina
date must pay tie intercs, accrued from date
Of note to date of deposit.
Parties depositing twentJ-fye thon.and doll
lars and upwards for these notes at any time
will be allowed q commission of one-quarter
of one per cent, which will be paid by the
Treasury Department pFon the receipt IF 4
bill fors the amount, certified to by the officer
with whom the deposit was made No deducE
tions for commissions must be n ade from the
SPECIAL ADVANTAGES OF THIS
LOAN.
IT IS A NATIONAL SAVING BANK, offering q
higher rate Of interest than any other, and
the best security. Any saving bank which pays
its depositors in u. 5. Notes. consider that it
is paying in the best circulating medium of
the country, and it cannot pay in anythir g
better, for ITS own assests are either IN govern
ment securities or in notes or bonds payable
in government paper.
1t is equally convenient rs atemporary or
perman ent investment. The notes can always
be sold for withinsa fraction of theiI face and
accumtlatedinter and are the best security
with banks as collaterals for discounts.
.tCOnVertible into a Six per cent. 500
Gdld Bond.
In addition to the very liberal interest on
the notes for three years, this privilege Of con
version is now worth about three per. cent. per
annumy for the current rate for 8 90 Bonds is
not less than nine per cent. premium, and before
the war the premium on six per cent. u. S.
stocks was over twenty per cent. 1t viii be
seen that the actual profit on this loan, attic
present market rate, is not less than ten PEI
cent. per annum.
exemption from State or Muni-
cipa1 Taxationa.
But aside from all the advantages we have
enumerated, a special Act of Congress erenpS
at bonds and Treasury notes from focal taxation
On the average, this exemption is worth about
two per cent. per annuni, according to the rate
of taxation in various parts of the country.
1t is believed that no securities offer SO grea
induce u ents 10 len ders as those issued by the
government In all other forms of indebted
ness, the faith or ability of priaate parties, os
STOCK companies, or separate communities
only. is pledged for payment. while the whole
discharge of all the obligations of the United
States
e the government offers the most liber
for its loans. it believes that the ve1
est appeal will be to the loyalty and pa
rictism ofthe people.
Duplicate certificates viii be issued for all
I deposits. The party depositiDg must endorse
upon the ~origindg certificate the denomination
ofnotes required, and whether they are to be
| issuld in blank or payable to order. When
so endorsed it must be left with the officer re-
ceiyinG the deposit, TO be forwarded to the
Treasury Department.
SUpsca1prioSs WILL DE RECEIVED by the
ITreasurer of the United States. at Washing
ton: the several Assistant Treaaurers and des-
ignated Depositaries, and by the
FIRST NATIONAL BANK OF
ASHLAND OHIO
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