American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1864-10-05
u, S, 7-3o Loan

TIM Secretary q the Treasury sivss notice that sub
scrptions win be rccsivsd r Coupon Treasury Notes,
payable three years om Aug i5th 1884 with semtan-
nua interest at rate Of and thrsetsnths per
per annumprincipai and interest both 70 paid
These notes win be eonvsrtbls at the option Of the
holder maturity per cent gold bearing bonds
payable not less than eve nor more than twenty yeas
from their date, ss the Government may elect They
will be Issued In denominations Of s5o $780, $780, soos
and IS ooo and ell subscriptions must be for y dollars
or some multipleo Of my dollars.
The notes will be transmitted 10 the owners free Of
transportation charges after the receipt Of the
original Certificate Of Deposit as they be prepared
As the notes draw interest from August IS, persons
making deposits subsequent to that date must pay the
interest aeerusd from date Of note to date Of deposit
Parties aepositing twenty-five thousand dollars and
upwards for these notes any time will be allowed
a commission of onequsrter Of per cent, which Will
paid by the Treasury Department upon the receipt Of
bill for the amount certified by the officer with whom
the deposit was made No deductions for commissions
must be made from the deposits
Special Advantages of This Loan.
Of interest than any other, and the best security. AnJ
savings bank which pays Its depostors in o. g. Notes
considers that 1t paying In the best circulating medium
of the country and cannot pay in anything better for
s own assets are either in government securities In
notes or bonds payable in government paper.
1t Is equally conveniet temporary or permanent
Investment The notes always be sold for within
fraction Of their face and accumulated interest and
the best security with banks coateras for disounts
Convertible into Six 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 per for the current rate for
$40 Bonds is less than mine per cent premf, and
before the war the premium In six per cent o. stocks
was over twenty per cent 1t will be that the ae
tua profit on this oan the present market rate IL not
less than ten per cent per ennum.
Its Exemp ption from State or Municipal Taxation.
But aside from all the advantages have enumora-
ted, special Act Of Congress eseWpts all bonds and
Treasury notes from laeai TAXATION On the average
this exemption Is worth about two per cent per
occorng to the rate Of taxation I'm various parts Of the
country
Its believed that securities offer great induce
ments to lenders those issued by the government
In all other forms Of Indebtedness the faith or ability
Of private parties stock companies or separate com
munities ouy pledged fsr payment while the whols
property Of the country is held to secure the discharge
of all the obligations Of the United States.
While the government offers the most liberal term'
for It's loans it believes that the very strongest appe
will be the loyalty and patriotism Of the people.
Duplicate certificates will be issued for all deposits
The party deposting must endorse upon the origfnG
certificate the denomination Of notes required, and
whether they are to bo issued In blank or payable to or
DER When so endorsed It must be left with tho Officer
receiving the deposit to be forwarded to the Treasury
Department.
SUBSCRIPTIONS WILL BIZ RECEIVED by the Treasurer
the United States at Washington the several Assstan
Treasurers and designated Depositaries, and by the
First National Bank of
Allegheny City, Pa First, Second, and Third Natlons
Banks Of Pittsburgh, Pa, and by all National Bank
which are depositarics Of public money, and
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further Information ant
AFFORD EVERY FACILITY TO SUBSCRIBERS.