Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-27
.. S. go LOAN

=
The Secretary OF the Treasury gives notice that
subscriptions will be received for Coupon Treasury
Notes, payable thres yeErs nom Aug. 18TH, 1853,
with semi-AhnuaIiatsrest st the rate of seven and
thrse-tenths per cent. per Annum-princiPal and
interest both to be paid in iaWfuI money.
These notes VIII be convertible at the option Of
the holder at maturity, into siI per cent gOIdbear
ing bonds, payable not less than i've nor more than
twenty years from their date, as the Government
may elect. They will be issued in denominations of
s5O 500, $500, 900 and IS 700, and all suhsorip
tiOnu must be for fifty dollars or some multiple of
fifty dollars. fsf#A HgktE4
The notes will he transmitted to 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 depositing twenty-five thousand dOIlars
and upwards for these notes at any one time viii be
allowed commission Of Ons-quarssr Of one per
eeut., which viii be paid by the Treasury Depart.
ment upon receipt of bill for the amount, certified
to by the officer with whom the deposit was made.
No deductions for oomuissiOns must be made from
the deposits. ~
Special Advantages OfthlS Loan
ITnA NArIoSA1. sAgIsos Bissz, ohsring higher
rate Of interest than any other, and he best security.
Any savings bank which pays its depositOrs in 0.
s. Notes. considers that it Is payns in the hest cir
oulatiug medium Of the country, and it eaI1et pay
in anything better for its own assets either in
government securities in noteslor bonds payable
in government paper. ss5 r..saa -Ftsta.I
1t is equally convenient as a temporary OF per
mAnent investment. The notes Dan always be sold
for within fraction of their face and accumulated
interest, and are the best security with banks 3,
cOllatsrals for discounti5 & 3l Efsf.s
Convertible into Six per Cent, 5-SC
~ Gold Bond.
In addition to the very liberal interest on ths
for three years. this privilege of conversion Il
now worth about three per osnt pr aunum, for tn.
current rate for $50 Bonds is not less than mae pc
oss. premium; and before the war the premium OF
six per cent Q. 8, stOCkA was over twenty per cent
1t will be seen that the actual prOat on this loan
at the present market rate, is not less than ton PEI
cent. per annum.
Hts Exemption from State or Munici
pal Taxataon. ------L
But aside from all the advantages we have emu
msrated, special Act of Congress e1@upts all bond
and Treasury notes from local tasatiOn. On the aver
age, this exemption is worth about two per ceni
per annum, according to the rate Oftazation in Va
rious parts Of the country.
1t is believed that securities offer so great in
duoements 30 lenders thSse issued hy the govern
ment. In all other forms oS indebtedness, the fAit
or ability Of private parties, or stock companies,
separate communities, only, ia pledged for pal
ment, while the whole property of the country
held to secure the discharge Of all the obligation
o! the United States.
While the government offers the most Hbers
terms for its lOsns it believes that the very strong
est aPpea will be to the htyslty and patriotism
the peOples ---z-l.-.-,
SUBSCRIPTIONS WILL BE REoErTEp By the TreAsuS
the United States, a9 Washington the ssvel
Assistant Freasurers and Designated DepOsitaris
snd BY th9 TE4e H94 Asf #T FHs
First National Bank Of Cleveland, o
Second National Bank 81
and all EstiOnsI B snks which are dspOsitariss
pnblio money, and -aatt -sF Et
RESPECTABLE BANKS AND BANKERS
thFOughopt the country win give further INFORM
tiOn and
AFFORD FAUILTY TOsUBsORIBEBI
aug22l6s