The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1864-08-12
]. :. 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, 1864, with semi annual interest at the
rate of seven and three tenths per cent. per an
uum-priucipal and interest both to be paid in
lawful money.
These notes will be convertible at the option
OF the holder at maturity, into Sax 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. 500. $500, 900,
and IS, 900. and all subscriptions must be for
City dollars or some multiple Of fity 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 iepositing twenty-five thousand dol
lars and upwards for these notes at any one
time will be allowed q commission Of one-quar-
ter Of one per cent, which will be paid by the
Treasury Department upon the receipt OF a bill
for the amount, certified to by the officer with
whom the deposit was made. No deductions
for commissions must be made from the de-
posts.
SPECIAL ADVANTAGES OF THIS LOAN.
IrsA NATIONAL SAVINGS BANK. offering
higher rate Of interest than any other. and the
best security. 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 il cannot pay in anything better,
for its own assets are either in Government Sc.
curities or in notes or bonds payable in Gov
eminent paper.
II is equally convenient rs a 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 as colla,erals for discounts.
Convertible into a 6 per Ct. go Gold Bond.
In addition to the very liberal interest on the
notes for three years, this privilege Of CONVEX
sion Is now worth about three per cent. per an
nun, for the current rate for $40 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. II will be
seen that the actual profit on this loan, at the
present market rate. is not less than ten per
cent. per annum.
It's Exemption nom
State or Municipal Taxation.
But aside from all the advantages We have
enumerated, special Act OF Congress ersmpis
all bonds and Treasury notes from local taxa-
ton. On the average, this exemption is worth
about two per cent. per annum. according to
the rate OF taxation in various parts OF the
country.
II Is believed that no securities offer so great
inducements to lenders as those issued by the
Government. In all other forms Of indebted
ness. the faith or ability of private parties, or
stock companies, or separate communities. on
iy. is pledged for payment while the whole
property Of the country is held to secure the
discharge Of oil the obligations Of the United
States.
While the Government offers the most liberal
terms for It's loans. II believes that the very
strongest appeal viii be to the loyalty and pat
rio,ism Of the people.
Duplicate certificates viii be issued for all de-
posts. The party depositing must endorse up
on the original certificate the denomination OF
note. required, and whether they are to be Is
sued In blank or payable to order. When so
endorsed Il must be left with the officer receiv-
ING the deposit. to be forwarded to the Treasu-
ry Department.
SUBSCRIPTIONS WILL BE RECEIVED by the
Treasurer Of the United States, at Washington,
the several Assistant Treasurers and designated
Depositaries, and by the
FIRST NATIONAL BANK OF
Portland, or Portsmouth, N. II.
aud by all National Banks which are deposits
ries OF public money, and
ALL REsPEcrABLE BANKS AND BANKERS
throughout the country will give further infor-
nation and
AFFORD EVERY FACILITY TO SUBSCRIBERS.
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