Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-10-20
U. 3. 7-SO Loan

The Secretary Of the Treasury gives notice that
subscriptions will bo received for Coupon Treasury
Notes, payable three years from Aug. 18th. 1894,
with semi-annua interest at the rate Of seven and
three tenths per cent. per annum-principa o. in
terest both to be paid in lawful money.
These notes will be convertible at the option oi
the holder at maturity, into six per cent geld bear
ing bonds, payable not less than FIVE nor mme than
twenty years from their date, as the Government
may elect. They will be issued in denominations Of
$50, $780, $500, 81 900 and IS 600. and all subscrp-
tions must be for fifty dollars or some multiple OF
fifty dollars.
The notes will be transmitted to the owners fiee OF
transportation charges as soon after the receipt OF
the original Certificates of Deposit as the! orn DO
prepared.
As the notes draw interest from August Is persons
making deposits subsequent to that date Ii ustpay
the interest accrued from date Of note to date cf de-
post.
Parties depositing twenty-five thousand d liars
and upwards for these notes at any one time will be
allowed commission Of one-quarter Of oneT er sent.
SPECIAL ADVANTAGES OF THIS LOAN.
IrIsA NATIONAL SAVINGS BANK. oferint ahigh-
er rate Of interest than any other and tho oes secure
tv. Any savings bank which pays its depo itors IN
U. s. Notes. considers that it is paying in The best
circulating medium Of the country, and 1t ed"ao'
pay in anything better, for its own assets are eher
in government securities or in notes or bon sTaya-
Bile in government paper.
II is equally convenient as temporary or perma-
nent investment. The notes can always be sold Tor
within fraction of their face and accumulated in
terest and are the best security with bank a. col
laterals for discounts.
Convertible into Six per cent 5-2O Gold BIND.
In addition to the very liberal interest IN the
notes for three years, this privilege OF CONVERSE Is
now worth about three per cent. per annum for the
ou,rer, -ato for less then i~s A~
cent PREMIUM and before the war the premium on
six per cent U. s. stocks was twenty per cent.
II will be seen that the actual profit on this loa at
the present market rate, is not less than Ten per
cent per annum.
Its Exemption from State or Municipal Taxa
ton.
But aside from all the advantages we havee umer-
ated, a special Act of Congress ere'npts dHbcnds
and Treasury notes from local tdedtion On the
average this exemption is worth about two per cent
per annum according to the rate of taxation in va
rious parts of the country.
II is believed that no securities oner 30 9, ea' IN
ducements to lenders those issued by the overn-
ment. In all other forms of Indebtedness the faith
or ability of private parties, stock companies. or
separate communities, only, is pledged for pa yment
while tho whole property of the country is ielJto
secure the discharge Of all the obligations OF the
United States.
While the government offers the most libera to. ms
for its loans it believes that the very strongest ap-
peal will be to the loyalty and patriotism Of eTso
pie.
Up to the cath of September. the subscripi on to
this loan amounted 10 over
S$4O,OOO,OO
SUBSCRIPTIONS WILL BE RECEIVED by the Treas
urer of the United States, at Washington, the sew
eral Assistant Trcasurers and Designated Deposit
aries. and by the
FIRST NATIONAL BANK OF COLUMBUS, oHIr.
ALL RESPECTABLE BANKS AND BANKERS
throughout the country will give further iniorna-
ti0n and
AFFORD EVERY FACILITY TO SUBSCRIBERS
sepl-2md&w ....