The Grand Haven news. [volume] (Grand Haven, Mich.) 1858-18??, 1864-08-24
U. S. 7-sO LOAN

The Secretary of the Treasury gives notice
that subscriptions will be received for Coupon
Treasury Notes, payable three years from Aug.
18TH 1894, with semi annual interest at the rate
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 bopds, 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, 800, $500, 1000 and
$4,000, and all subscriptions must be for Fifty
dollars or some multiple of fifty dollars.
The notes will be 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
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 dol
lars and upwards for these notes at any one time
will be allowed commission of one-quarter of
one per cent, which will be paid by The Treas
ury Department upon the receipt of a bill for the
amount, certified to by the officer with whom
the deposit was made. No deductions for COM
missions must be made from the deposits.
Special Advantages of this
Loan.
fTfsA NATIONAL SAVINGS BANK, offering Il
higher rate of interest than any other, and the
best security. Any saving banks which pays its
dopOsitorS in U. S. Notes, considers that it is
the best circulating medium of the country, and
it can not pay in anything better, for its own as
sets are either IN government securities or in
notes or bonds payable in government paper.
1t is equally convenient as n temporary or
permanent investment. The notes can always
be sold for within fraction of their face and
accumulated interest, and are the best security
with banks collaterals for discounts.
Convertible into a Six per cent. $50
Gold Bond.
In addition 10 the very liberal interest on tho
notes for three years, this privilege Of CONVEX
sion Is now worth about three per cent per an
mum, for the current rate for 500 Bonds is not
less than nine per cent. premium, and before tho
war the premium on six per cent. U. S. stocks
was over twenty per cent. It will be seen that
the actual profit on this loan, at the present
market rate, is not less than ton per cent. per
annum.
Its Exemption from State or Munich.
pal Taxation.
But aside from all the advantages wo have
enumerated, special Act of Congress erempn
all bonds and Treasury mites from, local taxation.
On the average, this exemption is worth about
two per cent. per annum, according to the rate
of taxation in various parts of tho country.
tits believed that no securities offer so great
inducements to lenders rs those issued by the
government, In all other forms Of indebted
ness, the filth or ability Of private parties, or
stock companies, or separate communities, only,
Is pledged for payment, while the whole proper
ty of the country is held to secure the discharge
of all the obligations of the United States.
While the government offers tho most liberal
terms for its loans, it believes that the very
strongest appeal will DO to tho loyalty and pa
triotism of the people.
Duplicate certificates will be issued for all de-
posits. The party depositing must endorse up
on the original certificate the denomination OF
notes required, and whether they are TO BIO is
sued in blank OF payable to order. Whom so en-
dorsed Il must be left with the officer receiving
the deposit, to be forwarded to the Treasury
Department
SUBSCRIPTIONS WILL DE RECEIVED by the